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The Latest Breaking News from Economy

The Rs 444 question: Why India banned online money games

Hungama hai kyun barpaa thodi si jo pee li haiDaakaa to nahi maara chori to nahi ki hai– Akbar Allahabadi On August 21, Parliament slammed the brakes on online money games by passing the Promotion and Regulation of Online Gaming Bill, 2025. The government’s press release made its intent clear:…

Newslaundry

Trump tariffs are reshaping old alliances as the global south plots its own path

Countries from Brazil to India – hit by 50% tariffs from Wednesday – are exploring collective resistance as Trump uses trade to assert political and economic power

The Guardian - US

In a post-truth world, what happens if we can’t trust US economic data any more?

We may already live in the post-truth world, but are we about to enter the era of post-truth statistics?

The Conversation

From analysis to the latest developments in health,
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US Considering Equity Stakes In Defense Contractors And More

US government exploring equity stakes in private businesses, focusing on defense contractors and strategic investments. Implications on economy and nationa...

Top News

The markets’ reaction to Trump hides a darker truth that puts the American economy at risk, Piper Sandler warns

“The U.S. is moving away from free markets, limited government, and the rule of law at an astonishing pace,” the investment bank says.

Fortune

ICE Raids Push Workers Into the Shadows, Disrupting the Economy

Trump's campaign against immigrants is affecting their ability to work, hurting businesses and eroding workers’ rights.

Capital & Main

Britain's Horse Racing Strike Spells Doom for Gamblers, Fans, and the Economy

In a landmark move, British horseracing is cancelling events to oppose government plans that could raise betting taxes and destabilise a £4 billion industry.

International Business Times UK

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August consumer confidence dips in US with jobs, tariffs and high prices driving most unease

Americans’ view of the U.S. economy declined modestly in August as anxiety over a weakening job market grew for the eighth straight month

The Independent UK

Fed’s Jerome Powell Just Painted a Grim Picture of the U.S. Economy After GDP ‘Slowed Notably’ and Job Growth Stalls: Here’s Why It’s Bullish

Federal Reserve Chair Jerome Powell used his annual Jackson Hole keynote speech to paint a picture of an economy facing policy-driven headwinds and rising uncertainty.

Barchart

African women have less access to the internet than men - solutions the G20 can champion

Across Africa, women have less access to the internet than men. In Ethiopia, Uganda, Rwanda and Tanzania only 15%-28% of women own smartphones. Tinuade Adekunbi Ojo is a feminist political economist and director of the Centre for the Study of Race, Gender and Class at the University of Johannesburg. She…

The Conversation

Drug dealers are plundering people’s homes into ‘trap houses,’ driving up homelessness and violence in Thunder Bay

Public concerns about fentanyl’s proliferation across Canada have focused on overdose deaths and drug-related disorders. However, in addition to these pressing concerns, our recent research in Thunder Bay, Ont., unmasks additional impacts of Canada’s street-based drug economy.

The Conversation

‘This is so funny’: Gavin Newsom saw Ron DeSantis open his mouth and kindly filled it with facts until it stayed shut

This meatball just got cooked.

We Got This Covered

Texas universities could see fewer international students amid immigration crackdown, reports say

An enrollment drop could cost the Texas economy hundreds of millions of dollars, the reports say.

The Texas Tribune

‘Food, jobs, hope’: Mozambique seeks investment route to economic recovery

President Daniel Chapo launches $40m fund for small businesses at 60th annual Maputo International Trade Fair.

Al Jazeera

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Fortune

It’s time to unmask the Trump tariffs for what they really are: A giant national sales tax that will hobble growth

Trump is effectively putting more money in families’ pockets with one hand, and taking a big chunk of it back with the other.

Benzinga

Moody's Chief Economist Flags 22 States As Already In Recession Or At 'High Risk,' Says Only These 2 States Are 'Holding Their Own'

The U.S. economy is on the "edge of recession," and states accounting for nearly a third of national output are already in or at high risk, Moody's Analytics chief economist Mark Zandi said Sunday, citing fresh state-level readings of employment and output.

The Guardian - UK

UK retail stocks tumble as Deutsche Bank cuts ratings, French market drops on political fears - as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

One in five London late night bars and clubs have shut since 2020

Industry body warns of “night time deserts” unless the trend is reversed soon

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news in one place.

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The Guardian - US

Federal Reserve governor Lisa Cook to sue Trump administration over its attempt to fire her

Cook’s attorney said the president has ‘no authority’ and ‘lacks any factual or legal basis’ to fire the Fed governor

The Conversation

We’re still not measuring our reliance on nature as we rush to boost productivity

Human economies are made possible through natural capital – stocks of land, fresh water, oceans, biodiversity and soils, among others. Farming isn’t possible without soil or water. Manufacturing isn’t possible without raw materials to convert into products. Service industries aren’t possible without reliable food.

The Guardian - UK

What Trump’s move to fire Fed governor means for central bank’s independence

The US president has said he is firing Lisa Cook over mortgage fraud allegations – a move experts view as a means to exert more control

AAP

Climate clash: coalition divide over targets laid bare

Divisions over how to tackle Australia's climate targets have continued to deepen within the coalition as its conservative members push for a rethink.

Barchart

Fed’s Jerome Powell Warns of Substantial ‘Uncertainty’ From ‘Significantly Higher Tariffs’ and ‘Abrupt Slowdown in Labor Force Growth’

At the central bank conference in Jackson Hole on Friday, Federal Reserve Chair Jerome Powell warned that a new set of policy-driven shocks is reshaping the U.S. outlook, underscoring how “significantly higher tariffs” are remaking global trade while tighter immigration policy has produced an “abrupt slowdown in labor force growth.”

Benzinga

The Home Depot's Billionaire Co-Founder Blamed 'Socialism' for Making Americans 'Too Lazy, Too Fat, Too Stupid' to Work — 'Nobody Gives A Damn'

As co-founder of The Home Depot, Bernie Marcus helped build the world's largest home improvement retailer from scratch. But in one of his final interviews before his death last November, Marcus made it clear he didn't think that kind of success could happen again—not in today's economy.

GOBankingRates

A Flight Attendant Reveals: These Are the Travel Money Mistakes Passengers Make Every Day

Flight attendant Sarah M. has seen it all. But if there's one thing that still surprises her, it's how often passengers make the same costly travel mistakes.

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Luiz Inácio Lula da Silva

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