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The Latest Breaking News from Economy

UK debt hits 100% of GDP, the highest level since 1960s

Debt pile increases by 4.3 percentage points in year to August, adding to challenge for chancellor Rachel Reeves

The Guardian - UK

Rachel Reeves urged to reverse winter fuel cut amid £10 billion Budget boost

RACHEL Reeves is coming under pressure to reverse a cut to the Winter Fuel Payment after being handed a £10 billion Budget boost by the Bank of…

The National (Scotland)

UK consumer confidence tumbles as households fear ‘painful’ budget; UK debt hits 100% of GDP – as it happened

Consumers are nervously awaiting the budget, reports data provider GfK, while national debt hits highest level since 1960s

The Guardian - UK

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

Friday briefing: How nursing Britain back to health is central to Labour’s economic mission

In today’s newsletter: The UK was once called the ‘sick man of Europe’ for its ailing economy – but with 2.8 million people out of work with long-term sickness, the phrase can be taken literally today

The Guardian - UK

Is life getting better for China’s tech billionaires?

According to the latest Bloomberg Billionaires Index, Pony Ma, co-founder of Tencent Holdings, is once again China’s richest person, now with a net worth of more than A$65 billion, placing him 27th globally.

The Conversation

As Sri Lanka votes, a $2.9bn IMF loan looms large

Ranil Wickremesinghe, Anura Kumara Dissanayake and Sajith Premadasa are contesting an election focused on the economy.

Al Jazeera

President Biden Highlights Economic Progress And Future Goals

President Biden addresses the nation on US economy progress and future challenges, emphasizing the need for further action and commitment to driving econom...

Top News

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Martinique grapples with major cost of living crisis

People in Martinique are protesting the cost of living. That's because food products on the island cost up to 42 percent more than in mainland France. Sri Lankans are gearing up for a presidential election – and this year, the economy will be at the top of voters' minds. The…

France 24

1 Growth Stock to Buy Now as the Fed Begins Its Rate-Cut Cycle

The Fed has kicked off its rate-cut cycle with a 50-basis point cut. SoFi looks like a good stock to buy, as the Fed's rate cuts could revive sagging growth in the U.S. economy.

Barchart

Immigration Is Better Than Industrial Policy

In demonizing the Haitian immigrants in Springfield, Ohio, J.D. Vance and Donald Trump have forgotten what makes an economy work.

Reason

Top market strategist sees ‘nirvana’ after Fed rate cut, new economic data

“The Fed is cutting into one of the stronger economies we've seen in years," Yardeni Reseach's Eric Wallerstein told Fortune.

Fortune

The Rise of Cryptocurrency in Various Industries: A Comprehensive Overview

In the past decade, cryptocurrency has transitioned from being a niche interest among tech enthusiasts to becoming a significant player in the global economy. The decentralized nature of cryptocurrencies, particularly Bitcoin, Ethereum, and other ...

USA Today Sports Media Group

Biden makes ‘declaration of progress’ on economy after Fed cuts interest rates

Interest rates going down ‘will provide relief by making things more affordable’

The Independent UK

No, Trump-Style Tariffs Do Not Grow the Economy

The America of the past grew in spite of tariffs, not because of them.

Reason

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International Business Times

US Fed Rate Cut Is 'Very Positive Sign' For Economy: Yellen

The US central bank's decision to slash interest rates this week is a "very positive sign" for where the world's biggest economy stands, US Treasury Secretary Janet Yellen said Thursday.

Evening Standard

OPINION - The one metric where the UK economy beats the US

Money versus job satisfaction. It is the perennial professional quandary, but there may in fact be one exception: central banking. Jerome Powell, chair of the US Federal Reserve, earns $190,000 per year for the privilege of overseeing the greatest economy the world has ever seen. I'm not saying the job…

The Guardian - UK

Why is the Bank of England being cautious in delaying rate cuts?

While the UK is far from overheating, the MPC still sees inflationary dynamics within the economy

The Conversation

The EU’s latest proposal to save its economy aims to avoid a ‘slow agony’ – but it lacks bold ideas

In Brussels, the talk of the town is a report on the future of European competitiveness, calling for fundamental economic reforms to avoid a “slow agony” for the European economy. The report, by former president of the European Central Bank Mario Draghi, is a “door stopper” of 400 pages, including…

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Al Jazeera

Russian attacks on Ukraine power grid probably violate humanitarian law: UN

International Energy Agency also warns coming winter would prove to be ‘sternest test yet’ for Ukraine’s energy grid.

Barchart

Stocks Soar Before the Open as Fed’s Big Rate Cut Boosts Sentiment, U.S. Economic Data and FedEx Earnings on Tap

September S&P 500 E-Mini futures (ESU24) are up +1.48%, and September Nasdaq 100 E-Mini futures (NQU24) are up +2.03% this morning on expectations the Federal Reserve’s half-percentage-point rate cut will steer the U.S. economy toward a “soft landing,” while investors awaited a new round of U.S. economic data and an…

France 24

Economy high on voters' mind ahead of Sri Lanka presidential election

Sri Lankan voters will head to the polls this Saturday to choose a new president. We'll see why the economy will be at the heart of the campaign with the financial collapse of 2022 still present in peoples' minds. In 2024, economic indicators have recovered but Sri Lankans are still…

The Guardian - UK

Bank of England governor ‘optimistic’ that interest rates can be cut, after ‘no change’ decision today – as it happened

Cautious Bank of England governor says “we need to be careful not to cut too fast or by too much”, after leaving borrowing costs unchanged in 8-1 vote

Top News

Vatican's Assessment On Medjugorje Spiritual Experience

Explore the Vatican's assessment of the reported apparitions of the Virgin Mary in Medjugorje, Bosnia, and its impact on the region's economy and religious...

The Independent UK

Sri Lanka's presidential election a test for current leader, 2 years after its economy hit bottom

Sri Lankans who usually vote along religious and ethnic lines will be keeping another factor in mind when they vote Saturday on a new president

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