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The Latest Breaking News from Economy

We can’t fix what we don’t track. That’s why Australia needs an official poverty measure

Following last month’s economic reform roundtable, Treasurer Jim Chalmers said all attendees agreed “higher living standards is the holy grail, and a more productive economy is how we deliver it”.

The Conversation

Canada’s Mark Carney signals austerity measures as government shifts focus from Trump to economy

Prime minister cautions Canadians as Ottawa moves to curb spending to balance near-record military expenditures

The Guardian - US

Macron says 26 nations ready to provide postwar military backing to Ukraine

French president says allies would either deploy ‘reassurance force’ troops to Ukraine, or be present in the area on land, sea or in the air

The Guardian - UK

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AI is eating the first rung of the career ladder. What happens when new grads can’t get a foothold?

If companies and governments don’t step up, a generation of workers may be left without a clear on-ramp to the future economy

Fortune

Applications for U.S. jobless benefits rise last week but remain in healthy range of past few years

The number of Americans seeking jobless benefits rose modestly last week, a sign that employers are still retaining workers even as the economy has showed signs of slowing

The Independent UK

Federal Reserve To Follow 'Slower Rate Cutting Cycle' Despite Trump's Pressure As Beige Book Dampens Sentiment: Don't Expect 50 Bps Cut Hints Shapiro

The Federal Reserve is signaling a more cautious approach to interest rate cuts, with its latest Beige Book indicating that “Economic activity was little changed since last release”.

Benzinga

Russian economy is stagnating amid Ukraine war, says Sberbank CEO

German Gref said the country's central bank should lower interest rates to avoid a recession.

Euronews

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Ray Dalio says 'most people are silent' because they're afraid to talk about what's really happening with the U.S. economy

Bridgewater’s billionaire founder sees dangerous 1930s parallels as government intervention increases and debt reaches World War II levels.

Fortune

Why Trump’s firing of the US jobs chief has economists worried

Economists warn credibility of Bureau of Labor Statistics at risk after Trump ousts commissioner over job numbers

The Guardian - US

Political instability in France: How does it impact the economy and investments?

Economic risks are emerging in France while political instability looms, as the third government is in danger of falling in little over a year. Further attempts to tackle the country’s enormous debt could be choked until after the next presidential election in 2027.

Euronews

Australia scores a B- on its latest economic report card. It’s an improvement, but there’s still a long way to go

Spending by state and federal governments warded off a recession last year but they are now cutting back, and more business investment is needed

The Guardian - AU

McDonald’s CEO is grappling with a ‘two-tier economy’ as he slashes prices on value meals—and signals backing for a minimum wage increase

“Particularly with middle- and lower-income consumers, they’re feeling under a lot of pressure right now,” Chris Kempczinski said on CNBC.

Fortune

New report reveals glaring gaps between Australia’s future needs and science capabilities

Since 1945, three-quarters of all global economic growth has been driven by technological advances. Since 1990, 90% of that advance has been rooted in fundamental science, according to Michael M. Crow, president of Arizona State University.

The Conversation

India to cut taxes on hundreds of consumer goods to boost local demand following steep US tariffs

India moves to cut taxes on hundreds of consumer goods ranging from air conditioners to small cars to bolster local consumption and cushion the economy from the blow of steep U.S. import tariffs

The Independent UK

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Fortune

With market on edge about Friday's jobs report, new data confirms the economy has the fewest job openings in nearly a year

"The U.S. labor market is slowing down," Bank of America Research wrote on Wednesday morning. Then the JOLTS data dropped.

The Guardian - UK

Rachel Reeves can’t resist the short-termist narrative of the bond markets

Letters: The idea of a fragile economy whose health is subject to very short-term events is false, writes Prof Saville Kushner, while Dave Hollis calls for taxes on polluters

Grocery Coupon Guide

6 “Local” Brands That Are Actually Owned by Other Countries

We often choose to buy from brands with local-sounding or American-sounding names. We do this because we want to support the domestic economy. However, a brand’s name can be a very misleading indicator of its origin. Many products that sound like they are from your hometown are actually owned by…

Al Jazeera

What does the falling birthrate mean for the British economy?

Fertility rate has hit an all-time low in England and Wales. How will this impact the country and what’s the solution?

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International Business Times

Global Gold Launches the World's First Decentralized Monetary Infrastructure for Gold

From 'backed' to legally owned. Global Gold has created a transparent on-chain system that brings real bullion into a programmable and liquid economy.

We Got This Covered

‘We’ve taken in almost $17 trillion of investment’: Donald Trump now just pulling random numbers out of thin air

Transitioning to a purely vibes based economy.

Evening Standard

Economy ‘not working well enough’, says Reeves as she sets November 26 Budget

There are concerns that the Chancellor will be forced to hike taxes as she seeks to plug a black hole in the nation’s finances.

Evening Standard

Chancellor Rachel Reeves admits economy 'is not working well enough' as she reveals Budget date

The Chancellor is facing pressure to steady the UK economy and plug a £41 billion black hole in public finances

inkl

Microeconomies in Gaming: The Invisible Engines of Virtual Worlds

Today's modern online games are more than just battles, quests, and levelling up. Behind fairy creatures and flashy graphics, there's another kind of engine powering this whole virtual world - the economy.

The Guardian - AU

Australian households are spending more – and it’s helping the economy regain some momentum

After two years of weak economic growth, there are signs of a recovery in household consumption – though productivity remains a soft spot

The Conversation

Australia’s economy shows best result in two years as consumer spending picks up

The Australian economy picked up strength in the June quarter as consumers opened their wallets, boosted by interest rate cuts earlier in the year.

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