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The Latest Breaking News from Economy

Federal Reserve's Rate Cut Impact May Take Months To Materialize

The Federal Reserve's recent rate cut may take time to impact the economy, with future cuts dependent on labor market conditions.

Top News

Nature 'taken for granted' sparks calls for change

Environmentalists, insurers and industry groups have aligned to warn Australia must address biodiversity loss to meet global promises and protect the economy.

AAP

Israel-Hamas War Causes 86-percent Dive In Gaza GDP: IMF

A year of conflict between Israel and Hamas has resulted in a "devastating impact on the economy" in the occupied West Bank and Gaza, the IMF said Thursday, including a nearly 90 percent drop in Gaza's GDP. "Preliminary official estimates indicate an 86 percent decline in GDP in the first…

International Business Times

Close to 3 Million People Could Lose Deportation Safeguards With Trump's Immigration Plan

Such a figure could have devastating effects on the U.S. economy, according to a new Bloomberg report

Latin Times

Bumpy road as Ethiopia struggles with electric vehicle revolution

Ethiopia this year became first country in the world to ban imports of petrol and diesel vehicles – marking a dramatic shift towards electric ones. The bold move aims to boost the economy and protect the environment, but it also faces significant challenges in a nation where only half the…

Radio France Internationale

‘It used to be a farm – now it’s a mall’: how El Salvador’s crisis-hit coffee producers are trying to adapt

Coffee once drove the economy but war, migration, climate and disease crippled the industry. Now, a new generation with women at the fore is focusing on quality as the answer

The Guardian - UK

The Tories are deluded to think they’ll be back in power in 2029. Here are three economic reasons why

Labour’s squandering of its political capital has given hope to the right. But Britain’s voters want a leftwing agenda, says Guardian economics editor Larry Elliott

The Guardian - UK

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The Guardian - UK

‘Very serious’: Bank of England governor warns of Middle East oil shock risk

Exclusive: Andrew Bailey also hints at ‘more aggressive’ path for cutting interest rates if inflation news stays positive

The Independent UK

Stock market today: Asian shares are mixed and the yen slips against the dollar

Asian shares are mixed after U.S. stocks edged higher toward recent record levels

AAP

Hybrid vehicles in fast lane, as petrol cars slow down

Australians are buying fewer new cars as the economy bites but hybrid vehicles are bucking the trend, sales figures have revealed.

The Independent UK

Harris now tied with Trump on who voters think will best handle inflation

Polling by the Cook Political Report Swing State Project, released on Wednesday, shows the Democrat has closed a six-point gap on the issue, which her Republican rival led her on in August

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Al Jazeera

US dockworkers press on with second day of strike, with no deal in sight

US President Biden urged for a quick deal to end the standoff, which threatens to drain billions from the US economy.

StockNews.com

3 High Dividend Yield Stocks to Boost Your Portfolio This Fall

Amid mixed economic projections, investing in high-dividend yield stocks could be ideal for investors, as they offer regular income along with capital appreciation prospects. Hence, fundamentally sound high dividend yield stocks International Seaways (INSW), Buckle (BKE), and Movado Group (MOV) could be ideal buys to boost your portfolio this fall.…

Newcastle Herald

Newcastle unveils 'innovative plan' to turn city into a 'going-out hub'

What is the future of the night time economy? That was the big question last night.

StockNews.com

3 Small-Cap Value Stocks Wall Street Loves Right Now

Small-cap stocks offer strong growth potential as they are often in the early stages of expansion. Also, these stocks tend to be undervalued, providing opportunities for investors to find hidden gems. Thus, quality small-cap value stocks Caleres (CAL), Smith & Wesson Brands (SWBI), and Ribbon Communications (RBBN) could be ideal…

Capital & Main

Progressives Weigh In on Kamala Harris’ Economic Proposals — and Share Some of Their Own

Experts say that policies such as higher taxes on the wealthy and expanded child care are both effective and popular.

The Conversation

Sri Lanka’s new president faces uphill battle to revive debt-ridden economy

September 21 was a day of many firsts in Sri Lanka. Millions of people went to the polls to vote in the first presidential elections since mass protests forced the country’s last elected president, Gotabaya Rajapaksa, from office in 2022.

International Business Times

Port Union Workers Union President Issues Threat: 'I Will Cripple You'

International Longshoremen's Association president Harold Daggett represents 45,000 union workers.

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