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The Latest Breaking News from Economy

China’s two richest people lose billions in consumer stock rout

Record-breaking stock selloffs in two of China’s biggest consumer companies erased more than $18 billion from the fortunes of the nation’s richest people, underscoring deepening investor concern over the health of Asia’s biggest economy.

The Times of India

Thailand’s new prime minister inherits a $14 billion cash handout problem and a sluggish economy

Thailand’s economy isn’t growing as fast as its peers.

Fortune

US Consumer Confidence Rises In August

Older consumers feel better about the economy than younger ones

International Business Times

From analysis to the latest developments in health,
read the most diverse news in one place.

Competition in South Africa’s electricity market: new law paves the way, but it won’t be a smooth ride

South Africa endured an electricity crisis from 2008 characterised by intermittent rolling blackouts and a growing culture of non-payment. The state-owned utility, Eskom, came to be regarded as the single largest risk to South Africa’s economy. At the end of March 2020 Eskom’s debt stood at R488 billion (US$27.4 billion).

The Conversation

OPINION - Keir Starmer's mission-led government collides with short-term fiscal reality

The central problem with 'levelling up' was that no one in government ever quite articulated what it meant. Was it the application of a lick of paint to dilapidated northern high streets, or did it entail a fundamental rewiring of the British economy? And if it was the latter, join…

Evening Standard

How Bangladesh’s interim leaders can turn the country’s troubled economy around

The current political turmoil in Bangladesh, which has seen the government collapse in the face of widespread protests, will pose a fresh set of challenges for the country’s economy. One of the most immediate impacts will be a slowdown in economic growth, as instability creates uncertainty and undermines investor confidence.

The Conversation

Stock Index Futures Tread Water Ahead of U.S. Economic Data, Nvidia Earnings Awaited

September S&P 500 E-Mini futures (ESU24) are down -0.04%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.05% this morning as investors awaited a fresh batch of U.S. economic data and braced for Nvidia’s financial report due on Wednesday.

Barchart

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Stock Index Futures Inch Higher Ahead of U.S. Economic Data, Nvidia Earnings Awaited

September S&P 500 E-Mini futures (ESU24) are up +0.14%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.28% this morning, rebounding slightly from Monday’s tech-driven losses on Wall Street, while investors awaited a fresh batch of U.S. economic data and braced for Nvidia’s financial report due on Wednesday.

Barchart

Pound hits two-year high against US dollar; White House ‘pressured’ Facebook on Covid-19 content – as it happened

Live coverage of business, economics and financial markets as Federal Reserve rate cuts drive US dollar lower

The Guardian - UK

Peter Dutton dismisses Labor’s ‘divisive’ tag as a smokescreen to divert attention from economy

Treasurer’s speech criticised opposition leader for devoting past two weeks of parliamentary sittings to condemning the issuing of visas to people from Gaza

The Guardian - AU

Is EV Manufacturing Bad For The Environment?

Buckle up: This one won't be so pretty. But there are reasons the future can be better than the misery fossil fuels bring too.

InsideEVs

Giant batteries to store wind and solar power can speed up South Africa’s energy transition – how that can happen

South Africa is at a pivotal moment in its energy transition: trying to decarbonise its economy (move away from coal) and make sure that everyone has access to reliable and affordable energy. Storage of renewable energy is very important for this transition. Solar and wind power are not available all…

The Conversation

Economy Takes Center Stage In Presidential Campaign Ads

Presidential campaigns release contrasting economic-themed ads, highlighting their strategies and priorities in engaging with voters.

Top News

Former President Trump To Speak On Economy In Michigan

Trump and Harris/Walz campaigns focus on key states Michigan, Wisconsin, and Georgia ahead of elections.

The Guardian - UK

‘I wouldn’t wish this on anyone’: the food delivery riders living in ‘caravan shantytowns’ in Bristol

Gig economy workers for Deliveroo and Uber Eats in the city are living in appalling conditions, while putting in long hours, earning low pay and facing mental health problems

The National (Scotland)

Meghan Gallacher shocks as she claims square sausage can 'empower Scotland's economy'

WHO knew that Meghan Gallacher had all the answers to get boost Scotland’s economy?

Kiplinger

Are You Poor?

Many Americans believe they are worse off than they were before the pandemic, but the truth is that economic conditions are pretty good right now. So what's up?

International Business Times

US Unveils Sweeping Sanctions Targeting Russia's Wartime Economy

The United States unveiled sweeping sanctions Friday against almost 400 individuals and companies tied to Russia's war in Ukraine, expanding existing measures to curb Moscow over the invasion of its neighbor.

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