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The Latest Breaking News from Economy

Trump Blames Biden For Record-High Inflation Crisis

Former President Trump discusses the impact of inflation crisis in the US and its implications on the economy and everyday consumers.

Top News

NZ is running out of gas – literally. That’s good for the climate, but it’s bad news for the economy

The coalition government recently announced its plan to reverse a ban on new oil and gas exploration to deal with an energy security challenge brought on by rapidly declining natural gas reserves.

The Conversation

Former Republican House speaker urges Trump to ‘stop questioning’ size of Harris’s crowds – as it happened

Kevin McCarthy urges former president not to attack Harris on personality issues after he falsely claimed VP used AI to inflate rally attendance

The Guardian - US

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Oil price rises for fifth day running amid Middle East tensions; Russian rouble hits three-month low – as it happened

Brent crude hits $80 as tensions betwen Israel and Iran rise, while rouble slides after Ukraine’s incursion into Russia

The Guardian - UK

Americans' refusal to keep paying higher prices may be dealing a final blow to US inflation spike

The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it

The Independent UK

Asian shares are mixed, with Tokyo closed, as more tests for markets loom

Asian shares are mixed ahead of big reports this week on the state of the U.S. economy

The Independent UK

Youngest Self-Made Billionaire, Not Kylie Jenner, Reveals The AI Skills You Should Learn For Today's Economy

Self-made billionaire Alexandr Wang emphasises the crucial role of prompt engineering and AI skills in developing human-like reasoning capabilities.

International Business Times UK

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Beware of economic 'false prophets', warns Reserve Bank

Reserve Bank deputy governor Andrew Hauser says projecting future movements in the economy is inherently uncertain and overconfidence is a red flag.

AAP

More Americans trust Harris to handle economy - first time in a year a Democrat has led in the key issue

But Harris’s recovery on economic trust ratings could stem from broader voter concerns about Biden’s age

The Independent UK

'Dr. Doom' Nouriel Roubini is actually upbeat about the economy

"If anything, actually, there's some elements of strength in the economy."

Fortune

Donald Trump thinks he should influence Fed rates—here's what history and the law say

“It could be used to boost up the legacy of one president, only to destroy the economy in the future,” said Jamie Cox, managing partner at Harris Financial Group.

Fortune

Threat to stock markets comes from China and Middle East, not the US

US economy has staying power but China’s growth prospects have worsened and too little attention is paid to war in Gaza

The Guardian - UK

Have the Paris Olympics cracked the code of the circular economy?

As the planet faces ever more pressing environmental challenges including fast dwindling natural resources, the idea of a circular economy is often put forward as a promising alternative.

The Conversation

Invest in heritage to boost wealth of failing English towns, says new report

Celebrating an area’s cultural past is key to reviving its economy, according to Historic England

The Guardian - UK

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Top News

Vice President Harris To Unveil Economic Policy Platform Next Week

Vice President Kamala Harris to unveil economic policy focusing on inflation and Fed independence, amid voter concerns over the economy.

AAP

Wages, job data in focus for clues on economy, rates

New data on wage growth and demand for workers will be in focus this week, as borrowers await clues on when the central bank might cut interest rates.

International Business Times

Russian Economic Growth Dips In Second Quarter As Inflation Rises

The pace of Russia's economic growth slowed in the second quarter of 2024, official data showed Friday, amid concerns over stubborn inflation and warnings of "overheating".

The Independent UK

Italian beach establishments close umbrellas briefly to protest long-delayed liberalization plans

Italian beach establishments mounted a symbolic two-hour strike early Friday aimed at pressuring the government not to enact a decades-old EU directive to liberalize the sector, long a symbol of Italy’s failure to reform the economy

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Evening Standard

OPINION - No, Taylor Swift's Eras Tour did not meaningfully boost economic growth

The Eras Tour is big. The UK economy is much bigger

Barchart

Stock Index Futures Slide After Yesterday's Rally

September S&P 500 E-Mini futures (ESU24) are down -0.39%, and September Nasdaq 100 E-Mini futures (NQU24) are down - 0.57% this morning while investors awaited a new batch of U.S. economic data due next week to reinforce signs of resilience in the world’s largest economy.

The National (Scotland)

Kate Forbes launches £880k fund to teach 'next generation of Scottish entrepreneurs'

THE Scottish Government has allocated hundreds of thousands of pounds of funding to help train the “next generation of business founders” ...

Barchart

Stock Index Futures Extend Rebound as U.S. Recession Worries Ease

September S&P 500 E-Mini futures (ESU24) are up +0.39%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.42% this morning, building on yesterday’s sharp gains after U.S. labor market data helped alleviate concerns about a significant economic slowdown, while investors awaited a new batch of U.S. economic data due…

Evening Standard

UK economy may have been boosted by the 'Taylor Swift effect' in June, say City forecasters

Series of sell-out concerts and the Euros gave a welcome boost to Britain’s otherwise lacklustre output

Latin Times

Stocks Track Wall St Rally As US Jobs Data Ease Recession Fears

Equities across the planet have seen big fluctuations since a closely watched gauge of the US labour market came in well below forecasts and fanned fears the Federal Reserve may have waited too long to cut interest rates.

Barchart

Stock Index Futures Extend Rebound as U.S. Recession Worries Ebb

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