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The Latest Breaking News from Economy

Strong labour force report dims rate cut prospects

Interest rates are unlikely to fall soon after new data showed workers are being onboarded by employers in huge numbers, reflecting a resilient jobs market.

AAP

Trump Now Suggests 2,000% Tariffs On Imported Cars

He made the comment during an interview at the Economic Club of Chicago.

International Business Times

Former President Trump Addresses Voter Concerns Ahead Of Election Day

Former President Trump addresses concerns on crime, economy, single parenting, and abortion during an exclusive town hall event.

Top News

The charm of Trump's "weave" beyond MAGA

Listen to the laughter when Trump insults the Wall St. Journal at a meeting of an Economic Club in any major city

Salon

BofA CEO says U.S. economy is the envy of the world—but could lose its power due to national debt

Brian Moynihan, CEO of Bank of America, said the U.S. needs to get its “eyes and stomach in line.”

Fortune

China Set To Post Slowest Quarterly Growth This Year: Analysts

China's economy likely expanded at its slowest pace this year, according to an AFP survey ahead of data Friday, as authorities struggle to reignite consumption amid a chronic debt crisis in the property sector.

International Business Times

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Trump ignores polls and says he believes immigration, not the economy, is top issue for US

Most polls show the economy is the top issue for voters ahead of November’s election day

The Independent UK

3 Healthcare Stocks That Can Thrive in Any Economy

The healthcare market shows promise due to heightened demand for quality care, technological advancements, preventive measures, and increased public investment, ensuring resilience in any economic condition. Therefore, investors could now consider top healthcare stocks, such as Eli Lilly (LLY), Merck & Co. (MRK), and Abbott Laboratories (ABT). Keep reading.

StockNews.com

China’s government is about to spend big on stimulus – can it turn around the country’s sluggish economy?

China’s relentless economic growth used to be the marvel of the world. Oh, what a memory.

The Conversation

Austerity and recession: 3 simple graphs that explain New Zealand’s economic crisis

Economists working on macroeconomic policy – things like taxes and spending, interest rates and border controls on flows of trade and money – often refer to a set of key relationships governments can influence. In the textbooks, each of those relationships is drawn as a curve in a graph.

The Conversation

Starmer calls it slashing ‘red tape’. In fact, he’s just capitulating to big business

Labour is promoting the idea of a trade-off between regulation and growth. We know where that ends, says Balanced Economy Project’s Nicholas Shaxson

The Guardian - UK

‘A sisterhood of the travelling pants, but with belly-support shorts’: how to ethically shop and share maternity clothes

From hand-me-downs to secondhand marketplaces, the circular fashion economy has practical, versatile and stylish options for expectant mothers

The Guardian - AU

‘I love the smell of success more than petrol’: investors break with tradition in world-leading climate campaign

Investors say climate change poses biggest risk to their assets, and urge Albanese government to see the economic dangers of a slow path to net zero

The Guardian - AU

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Fortune

Wall Street wants a strong economy. It also wants Fed rate cuts. The two aren’t necessarily compatible

Wall Street wants the Fed to keep cutting to a normalized rate level. It might not happen as quickly as they’d like.

Fortune

Here’s why the gap between Americans’ perception of U.S. economic performance and reality has doubled since 2019, according to economists

A vast majority of Americans report satisfaction with their economic situation. And yet, most Americans believe the economy is faring poorly.

The Conversation

South Africa’s unity government won’t dent poverty and inequality if it follows the same old policies – sociologist

A recent poll by the Social Research Foundation, a think thank, found that 60% of South Africans thought the government of national unity was working well. It also reported that support for the unity government’s anchor political parties, the African National Congress (ANC) and the Democratic Alliance (DA), had risen…

The National (Scotland)

Scotland's unemployment rate now below UK-wide figure, new data shows

UNEMPLOYMENT in Scotland has dropped in the last quarter and is now below that of the UK as a whole, the latest figures indicate ...

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inkl

How to Choose the Perfect Private Office for Productivity and Lifestyle

Melbourne has established itself as a thriving hub for startups, freelancers, and growing businesses. With its dynamic economy and emphasis on innovation, the demand for coworking spaces and private offices is on the rise. As individuals and teams look beyond traditional office leases, coworking environments offer an appealing blend of…

Radio France Internationale

France could block sale of 'best-selling' drug if production doesn't stay local

France’s Economy Minister has warned that the government could block the sale of a subsidiary of the French pharmaceutical company Sanofi to a US private equity firm if it cannot guarantee that its production of paracetamol, under the name Doliprane, remains in France.

The Independent UK

Stock market today: Asian shares are mostly higher after Wall St powers to more records

Asian shares have advanced after Wall Street rolled to more records

The Independent UK

Trump's economic plans would worsen inflation, experts say

Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely.”

Al Jazeera

Malaysia’s stock market, once dubbed ‘world’s worst’, is making a comeback

Malaysian stocks are having a moment in the sun amid robust economic growth and influx in investment by US tech giants.

The Guardian - UK

UK ‘risks repeat of surging energy bills’ amid continued reliance on gas

Energy crisis panel warns country is ‘dangerously unprepared’ and must shift away from gas quickly

The Conversation

The government spent twice what it needed to on economic support during COVID, modelling shows

The independent inquiry into the government’s COVID response is due to report on October 25.

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