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The Latest Breaking News from Economy

Unite calls for 1% wealth tax on super-rich to fund UK public sector pay rises

The demand from Britain’s second biggest union will test truce with Labour at next month’s TUC conference

The Guardian - UK

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.

Top News

‘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 Guardian - UK

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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?

The National (Scotland)

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?

Kiplinger

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.

International Business Times

3 High-Yield Dividend Stocks to Buy Before Rates Drop

With the economy being in an uncertain state amid the hopes of an interest rate cut by the Fed, high-yielding dividend stocks could be a great addition to your portfolio. So, should you invest in AT&T (T), Altria Group (MO), and MPLX LP (MPLX) before the rates drop? Keep reading…

StockNews.com

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Takeaways from Fed Chair Powell's speech at Jackson Hole

Federal Reserve Chair Jerome Powell all but proclaimed mission accomplished in the fight against inflation and signaled that interest rate cuts are coming in a much-anticipated speech Friday in Jackson Hole, Wyoming

The Independent UK

‘Time has come’ for US Federal Reserve to cut interest rates, says Powell

Fed chairman hails progress in battle to bring down inflation, with cut rates starting from September

The Guardian - US

No, the world isn’t heading toward a new Cold War – it’s closer to the grinding world order collapse of the 1930s

The past decade and a half has seen upheaval across the globe. The 2008 financial crisis and its fallout, the COVID-19 pandemic and major regional conflicts in Sudan, the Middle East, Ukraine and elsewhere have left residual uncertainty. Added to this is a tense, growing rivalry between the U.S. and…

The Conversation

Stocks Mostly Rise Ahead Of Powell, Yen After BoJ Rate Hint

The yen also advanced after the head of Japan's central bank told lawmakers that officials could hike interest rates again if the economy and inflation perform as expected, weeks after a surprise increase caused turmoil on markets.

Latin Times

Bangladesh New Era: Country first needs to revive lost infrastructure

Infrastructure is a critical component of economic stability and growth, and its loss can have far-reaching effects on the economy. Read further on Dynamite News:

Dynamite News

How fast will interest rates fall? Fed Chair Powell may provide clues in high-profile speech

With the Federal Reserve considered certain to start cutting its benchmark interest rate next month, Chair Jerome Powell’s highly anticipated speech Friday morning at an economic conference will be closely watched for any hints about how many additional rate cuts might be in the pipeline

The Independent UK

‘No one has any money’: Israel’s restrictions stifle West Bank economy

Soaring unemployment and poverty are fuelling unrest as Palestinian firms and workers face ‘economic siege’

The Guardian - UK

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Al Jazeera

Gaza war extends toll on Israel’s economy

Combat operations are straining Israel’s economy, leading to shrinking of the GDP and downgrading of sovereign rating.

The Conversation

This NT election, even pet crocs are campaign fodder. Just don’t mention the ballooning debt

The Northern Territory is going to the polls this weekend. The incumbent Labor government is under serious challenge from a rejuvenated Country Liberal Party (CLP) opposition, led by Lia Finocchiaro. This is an election mainly about crime and the state of the economy, and neither issue is good for Labor.

Reason

Presidents Don't Create Jobs, No Matter What Bill Clinton Said

Dynamic economies operate independently of the political party of whoever was elected most recently.

Fortune

Fed Chair Jerome Powell can’t keep ignoring the climate elephant—or its impact on inflation—at Jackson Hole

A growing chorus of central bankers and academics believe climate change does impact price stability—and this impact should be built into modeling.

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news in one place.

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Reason

Kamala Harris' Affordability Agenda Is a Good Idea Backed by Terrible Policies

Americans need a politician dedicated to unwinding decades of government interventions that have driven up the cost of middle-class living.

Reason

The Dumb and Dumber of Kamala's 'Greedflation' Narrative

The American economy is robustly competitive. The federal government could just mess it up.

International Business Times

Canada Rail Freight Shut Down Threatens To Disrupt Economy

A labor dispute in Canada threatened to disrupt the North American economy on Thursday after the county's two rail operators shut operations, locking out nearly 10,000 workers.

The Guardian - UK

Scottish arts sector appeals to ministers over ‘devastating’ budget cuts

More than 100 organisations criticise loss of Creative Scotland funding for local artists during Edinburgh festival

The Guardian - UK

Paris Olympics gives eurozone economic boost after rise in spending

French service sector drives growth but experts warn strong figures mask disappointing performance elsewhere

The Conversation

Want to fight gender inequality? A review of data from 118 counties shows that development aid works

Gender inequality isn’t just unfair — it’s also a drag on the world economy. Giving women the same economic opportunities as men would add about US$12 trillion to global gross domestic product by 2025, one analysis found. That’s an 11% boost.

Top News

Bill Clinton To Address Economy And Contrast Trump At DNC

Former President Bill Clinton set to address DNC, focusing on economy and contrasting with Trump. Targeting voters to reconsider their choice.

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