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The Latest Breaking News from Economics

Asylum seekers aren’t ‘taking your jobs’ – but it would be better for all of us if they could work

Amid the racist, far right violence sweeping the UK this week has been a theme present in anti-immigration politics around the world: the idea that immigrants are “taking” jobs that would otherwise go to native-born residents. The economics of labour migration are complicated, and there has been plenty of research…

The Conversation

Sobering times for UK alcohol-free bars as many struggle to survive

Economics of running a dry bar has led to closures despite the growing popularity of alcohol-free beers and cocktails

The Guardian - UK

Million Euro contracts, expansive budgets and trickle-down economics - the Tour de France Femmes effect

As we approach the 2024 Tour de France Femmes, Cyclingnews takes an in-depth look at the impact on women's cycling

Cycling News

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Despite the stock crash, the AI-fueled bubble will soon regain momentum, economist says

Capital Economics said a recession is unlikely and growth will even reaccelerate after a soft patch in the second half of this year.

Fortune

Glenn Loury on Economics, Black Conservatism, and Crack Cocaine

The Brown University economist's new memoir Late Admissions covers capitalism, addiction, race, and the academy.

Reason

Federal Reserve interest rate cut bets rise as US jobs disappointment fuels growth fears – as it happened

Non-farm payrolls show US economy created 114,000 jobs in July, well below expectations, sparking speculation of an emergency interest rate cut

The Guardian - UK

Sunbelt boomtowns are cooling off, but the sun-soaked region will reclaim its hot status

More than 2 million single-family homes have been built in the South since January 2021, more than four times the number completed in the Northeast, according to a Capital Economics economist.

Fortune

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Boeing appoints Kelly Ortberg as new chief executive – as it happened

Live coverage of business, economics and financial markets as 64-year-old aerospace veteran becomes latest boss tasked with turning around US manufacturer’s fortunes

The Guardian - UK

Rachel Reeves is pulling off a transparent political manoeuvre. But she’s not entirely wrong

The Tories really did leave Britain in a fiscal hole. But austerity cannot be the remedy, writes economics and public policy professor Jonathan Portes

The Guardian - UK

McDonald’s sales fall for first time since 2020, as higher prices deter consumers – as it happened

Live, rolling coverage of business, economics and financial markets as McDonald’s faces pressure to cut prices and lure back customers

The Guardian - UK

What is competition, and why is it so important for prices?

This article is part of The Conversation’s “Business Basics” series where we ask experts to discuss key concepts in business, economics and finance.

The Conversation

Books That Shook the Business World: The Ecology of Commerce by Paul Hawken

Business and economics books have influenced business managers, CEOs and, in some cases, entire political economies. But they have also propelled us forward blindly at an ever-increasing pace towards ecological destruction.

The Conversation

Chief of staff to ex-Post Office chief Paula Vennells drafted email ‘to discourage investigating prosecutions’ - as it happened

Public inquiry hears Martin Edwards warned of ‘setting the hares running’ among board members as prospect of appeals against unsafe prosecutions of branch owner-operators loomed

The Guardian - UK

Best books on economics: Accessible reads on a complex topic

Ten luminary books on economics and finance, to further your fiscal fundamentals

Evening Standard

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The Guardian - UK

Post Office management were ‘thugs in suits’, former Lib Dem leader Vince Cable tells inquiry – as it happened

Cable agrees with characterisation of leadership at state-owned body when he was business secretary from 2010-15 in testimony to hearings on Horizon IT scandal

The Guardian - UK

Thames Water credit rating downgraded to ‘junk’ status by Moody’s – as it happened

Live coverage of business, economics and financial markets as rating agency says water company will struggle to find new investment

The Independent UK

Son fears father could die after year detained in Azerbaijan as political prisoner

It is a year since London School of Economics professor Gubad Ibadoghlu was unlawfully imprisoned in Azerbaijan. Tom Watling speaks to his son, 24-year-old Ibad

The Guardian - UK

Boxer Delicious Orie: ‘I wouldn’t go to the Olympics if I didn’t think I would win a gold medal’

In the run-up to Paris, the amateur boxer tells Donald McRae about his friendship with Anthony Joshua and how, in another life, he may have been on the Russia-Ukraine war frontlines

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news in one place.

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Top News

Capital Economics: Minimal Economic Impact Expected From IT Disruption

Capital Economics' early assessment indicates minimal macroeconomic impact of recent disruption.

The National (Scotland)

International economics experts intervene in Scottish currency debate

ECONOMISTS from across the globe attended a conference at Leeds University this week – with many having something to add to the debate on…

The Guardian - UK

UK grocery inflation falls to 1.6%; Fed chair Powell hints at US rate cuts – as it happened

Live, rolling coverage of business economics and financial markets as Kantar data shows pressure easing on UK shoppers, and the Fed hints at nearer term rate cuts

The Guardian - UK

Wall Street stocks rise after Donald Trump assassination attempt – as it happened

Live, rolling coverage of business economics and financial markets as share price of Trump Media & Technology Group and cryptocurrency price rise as traders position for Trump election victory

The Conversation

Can you change your mind after you buy a house?

This article is part of The Conversation’s “Business Basics” series where we ask experts to discuss key concepts in business, economics and finance.

The Conversation

How does Australia’s progressive tax system work – and what is ‘bracket creep’?

This article is part of The Conversation’s “Business Basics” series where we ask experts to discuss key concepts in business, economics and finance.

Reason

Trump's Veep: Better Burgum Than Vance or Rubio

Sens. J.D. Vance and Marco Rubio—unlike Gov. Doug Burgum—have proven that they will move the GOP away from free market economics.

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