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The Latest Breaking News from Economy

China's central bank cuts interest rates, moving to put more pep into the economy

China’s central bank has cut key interest rates in a surprise move aimed at injecting new into the ailing property sector, while the ruling Communist Party released details of a top-level meeting focused on long-term economic strategy

The Independent UK

Before age concerns forced exit, Biden was weakened by angst over economy

Inflation dragged down US president’s approval rates long before poor debate performance focused attention on fitness.

Al Jazeera

The Crowdstrike outage showed that risk management is essential. Why are so many businesses reluctant to do it?

In the wake of the widespread chaos we saw on Friday, one old adage perhaps feels even truer now than when it was first coined in the 1960s:

The Conversation

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As Philippines’s Marcos addresses nation, economy, Duterte rift loom large

President Ferdinand Marcos Jr is to deliver his third State of the Nation address amid protests over living conditions.

Al Jazeera

China Central Bank Cuts Two Key Rates To Support Flagging Economy

China's central bank on Monday cut two benchmark interest rates in a bid to boost lending and kickstart growth in the world's second-largest economy.

International Business Times

Asian Markets Drop As Biden Drops Out Of White House Race

Asian markets fell Monday as Joe Biden's decision to drop out of the US presidential race fuelled fresh uncertainty, while traders appeared to be unmoved by China's decision to cut interest rates in a bid to boost the country's stuttering economy.

International Business Times

UK Treasury Chief Vows Iron Discipline Amid Economic Challenges

Britain's new Treasury chief focuses on stabilizing the economy, addressing public sector wage demands, and improving public services amidst financial chal...

Top News

'Black Swan' investor warns the 'greatest bubble in human history' is about to pop and stocks could lose more than half their value

The federal government will have less capacity to respond, and the economy could enter a recession by the end of this year, Mark Spitznagel predicted.

Fortune

The Supreme Court's 'Chevron' ruling is an existential threat to the 'American economic miracle' and will make the U.S. more like Europe, Lazard chair says

"By restricting the executive branch’s ability to craft and enforce regulations, the Supreme Court has opened the door to the Balkanization of the US economy."

Fortune

A new round of Trump tariffs on China would drastically slow its economy

Donald Trump has said he could impose a 60% tariff on Chinese imports if he returns to the White House.

Fortune

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Sports Illustrated

Colin Cowherd Points Out Bronny James is a Good Economic Indicator

The Fox Sports pundit dropped a new take on the betting habits of NBA fans.

StockNews.com

3 Transportation Stocks Moving the Economy Forward

The transportation industry appears set for growth due to the expansion of trade, the rise of trade, and rising investments in infrastructure projects. Therefore, it could be wise to buy top transportation stocks, such as FedEx (FDX), Westinghouse Air Brake Technologies (WAB), and Universal Logistics Holdings (ULH), to move the…

Latin Times

Cuba will 'partially' dollarize its economy as crisis deepens

Prime Minister Manuel Marrero described the scenario as a "war economy." The government will start accepting payments in foreign currency in venues connected to the tourism indusrty

Roll Call

Fact-checking Day 4 of the Republican National Convention - Roll Call

Trump's convention acceptance speech was a greatest hits of false and misleading claims about crime, immigration, the economy and more.

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Evening Standard

Gloomy economic data deals fresh blow to new Chancellor Rachel Reeves

The scale of the challenge facing Britain’s new Chancellor Rachel Reeves was laid bare today after a flurry of fresh data betrayed an economy stuck in reverse gear and a Treasury saddled with ballooning deficits.

International Business Times

Beijing Vows To Ease Local Government Debt Woes After Key Meeting

Chinese officials pledged Friday to help ease debt pressure on local governments through reforms to the tax system, after a key political gathering in the capital focused on jumpstarting the faltering economy.

International Business Times

Markets Track Wall St Loss With Eyes On US Race, China Disappoints

Asian equities sank in line with Wall Street Friday as the optimism over expected US interest rate cuts was overshadowed by uncertainty about the presidential election and worries over China's economy.

The National (Scotland)

International economics experts intervene in Scottish currency debate

ECONOMISTS from across the globe attended a conference at Leeds University this week – with many having something to add to the debate on…

The Conversation

How the UK’s new government is promising to kickstart the economy – and what it still doesn’t have an answer for

The new Labour government has fully laid out its plans for the UK in its first king’s speech to parliament. There were 40 new bills in the speech, aimed at setting a clear agenda focused on growing the economy and improving living standards for working people. And yet there were…

International Business Times

China's Leaders Vow To Fight 'Risks' Plaguing Economy

China's leadership vowed Thursday to resolve "risks" plaguing the economy, state media said, but were yet to offer any concrete steps to pull the country out of its financial woes.

International Business Times

Ivory Coast Tilts Economy From Farming To Natural Resources

The discovery of huge deposits of natural resources including oil, gas and gold in the Ivory Coast is pushing the country's economy in a new direction as it explores its underground potential.

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