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The Latest Breaking News from Economy

UK growth revised down to zero; firms warn economy is heading for ‘worst of all worlds’ – as it happened

UK GDP flatlined in the July-September quarter, ONS reports, as companies warn October budget has hurt economy too

The Guardian - UK

Still $BTC Country: 'Headlines About The IMF Are Wrong,' Says El Salvador Bitcoin Office Director

El Salvador had to concede to some of the IMF's conditions to reach an agreement with the UN financial agency for a massive loan that could help boost its ailing economy, but it clarified Sunday that it will not give up on its Bitcoin strategic reserve.

International Business Times

British economy heading for ‘worst of all worlds’, business leaders warn over Labour Budget

After Rachel Reeves’s controversial Budget, the Confederation of British Industry warns the economy is ‘headed for the worst of all worlds’

The Independent UK

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Firms offer no festive cheer to Reeves with gloomy outlook for 2025

The Budget hike to employers’ national insurance is ‘exacerbating an already tepid demand environment’, the CBI warned.

The Independent UK

Where Rachel Reeves can get help on the economy

Brief letters: Good advice | Visionaries | Map trap | Stobbies v Nobbies | Jelly breaks the mould

The Guardian - UK

Top 5 T20I pacers of 2024: No place for Jasprit Bumrah or Shaheen Afridi in Aakash Chopra's list

NEW DELHI: Cricket analyst and former India cricketer Aakash Chopra has stirred debate by leaving out India’s pace spearhead Jasprit Bumrah and Pakistan’s Shaheen Shah Afridi from his list of the Top 5 T20I pacers of 2024.

The Times of India

Indonesia’s BRICS agenda: 2 reasons Prabowo’s foreign policy contrasts with Jokowi’s

Indonesia’s decision to pursue membership in BRICS – an emerging economy bloc comprising Brazil, Russia, India, China, and South Africa – signals that President Prabowo Subianto is steering foreign policy in a direction contrasting with his predecessors.

The Conversation

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Influencers Are Here To Stay—Now It's Time To Modernize Labor Laws

A TikTok ban could devastate thousands of independent workers, but the real challenge lies in modernizing labor laws to support the new economy.

Reason

Hafta letters: First family of Bollywood, LTA Punjab, populist schemes

AnonymousIn last week’s Hafta, Chetan Bhagat was spot on when he described how minuscule the demands of a typical Indian are and how not only have they adopted a practice of just being submissive to what's happening in terms of poor services, but religion has been at the core of…

Newslaundry

Trump voters are confident he will turn the economy around, new poll says: ‘He is a good businessman’

Donald Trump was convicted of felony charges related to falsifying business records earlier this year

The Independent UK

Nigel Farage ‘hasn’t got a clue’ how to fix the economy, says Rachel Reeves

The Chancellor is dealing with a challenging economic landscape as she attempts to inspire confidence in Labour’s agenda.

Evening Standard

Saudi Arabia is betting on tourism and travel

The Gulf nation will host a World Cup and World Expo, part of its bid to make tourism its second leading industry after oil.

Fortune

'Dark Lull' In German Energy Transition Sparks Political Debate

As Germany heads for February 23 elections the grey winter weather has become a hot campaign topic because of its impact on the country's shaky green energy transition.

International Business Times

The left’s best defense against Trump? Ditching limousine liberalism

An effective fight against the president-elect requires a struggle that takes the frustrations of working-class voters seriously

The Guardian - US

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International Business Times

Ex-IMF Chief Rato Gets Four-year Jail Term In Spain For Tax Crimes

A Madrid court sentenced ex-IMF chief and Spanish economy minister Rodrigo Rato to more than four years in prison for tax crimes, money laundering and corruption, it said Friday.

The Independent UK

‘Cloudy’ economic outlook looms over Labour as 2024 draws to a close

Since winning the UK’s general election in July, Labour has faced sharp swings in the economic outlook and a shifting public mood.

International Business Times

Russia Central Bank Holds Off Rate Hike After Criticism

Russia's central bank kept interest rates at 21 percent on Friday despite surging inflation, a surprise decision that follows criticism from the country's political and business elite over the effects of higher borrowing costs on the economy.

Evening Standard

Minister defends Labour budget as Bank of England issues dire growth warning

Businesses have responded to Chancellor Rachel Reeves hiking the minimum wage and increasing National Insurance contributions by cutting jobs and raising prices

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news in one place.

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The Independent UK

Russian central bank holds rates steady at 21% amid criticism from key business figures

Russia’s central bank has left its benchmark interest rate at 21%, holding off on further increases as it struggles to snuff out inflation fueled by the government’s spending on the war against Ukraine

The Guardian - UK

Lift for Rachel Reeves as UK borrowing hits three-year low

Drop to £11.2bn a welcome figure for chancellor after backlash from business leaders to budget

InsideEVs

Tesla Sales Are Tanking In Europe

Europe is experiencing some weird times. From politics to economy and car sales, it’s far from rosy, and arguably the biggest player in the electric vehicle game is having a rough year.

Fortune

Economists say the Fed is bracing for 'Trump 2.0' and a deluge of fiscal policy shakeups

Federal Reserve chair Jerome Powell said he was uncertain as to how Trump’s proposed policies would impact the economy.

The Independent UK

China's Xi swears in new leader of casino hub Macao, telling the city to diversify economy

Chinese President Xi Jinping urged the casino hub of Macao to diversify its economy as he swore in the former Portuguese colony’s new government on Friday at an event marking the 25th anniversary of its handover to China

The Independent UK

Stock market today: Asian shares are mixed ahead of key US inflation data

Asian shares are mixed as markets await U.S. personal spending data for November that are due later in the day

inkl

Top Insights Into the Performance of Major Industry Sectors

Understanding the performance of various industry sectors is essential for investors, business leaders, and anyone interested in the economy. The different sectors often react differently based on economic conditions. This article provides top insights into the major sectors within the market and analyzes how they perform. It will explore what…

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People

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