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The Latest Breaking News from Economy

National debt explained: What you should know about Canada’s deficit

By the end of the 2024-25 fiscal year, Canada’s total market debt is expected to surpass $1.4 trillion. Every day, this debt grows by more than $100 million, and every second, Canada pays more than $1,200 in interest.

The Conversation

Can we really reach net zero by 2050? A new report maps out Australia’s path in more detail than ever before

A zero-carbon mindset must “become the new normal” in Australia, according to a much-anticipated report from the federal government’s independent climate advisory body.

The Conversation

Fading economy yet to unlock rate cuts for watchful RBA

The economy might be slowing but the Reserve Bank chief wants inflation to moderate further before opening the door to interest rate cuts.

AAP

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Now the Australian economy is on its knees, will the RBA finally start cutting interest rates?

So far we have not gone into recession – but only because our population has grown and the government has kept spending

The Guardian - AU

US Economy Navigating Uncertainty Ahead Of Key Reports

US economy faces uncertainty with upcoming jobs report and Fed policy decision, influencing political narratives.

Top News

Markets Plunge With Wall Street After Nvidia Rout, Weak US Data

The sight of investors running to the hills sparked memories of the brief but tumultuous sell-off at the start of August that was partly fuelled by a big miss on US jobs creation.

Latin Times

Stock Index Futures Slip as U.S. Recession Fears Resurface, JOLTs Report in Focus

September S&P 500 E-Mini futures (ESU24) are down -0.30%, and September Nasdaq 100 E-Mini futures (NQU24) are down -0.46% this morning, extending yesterday’s slump amid worries about a slowing U.S. economy, while investors awaited the latest reading on U.S. job openings.

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Wire Network Launches Blockchain For AI Agent Economy

Wire Network open-sourced its UTL where AI agents can conduct millions of transactions across all blockchains, revolutionizing blockchain engagement in the AI era.

International Business Times

Channel migrants: Packed dinghy spotted crossing sea from France a day after 12 drown in latest tragedy

French Interior Minister Gerald Darmanin warns Britain’s black economy will continue to be a magnet for illegal immigrants

Evening Standard

AVIXA Report: Pro AV Growth Still Moderate Amid Tepid Macro Environment

Globally, the United States is a bright spot for GDP, but overall it's a soft macroeconomy.

AVNetwork

Australia’s economy posts worst performance since 1992, excluding pandemic

Gross domestic product declines 1.5 percent on per capita basis following successive interest rate hikes.

Al Jazeera

Afternoon Update: Australia’s economy weakest in decades bar Covid; NSW Liberals deny ‘stuff-up spiral’; and spider brains shrink

And the US Open semi-finals take shape

The Guardian - AU

What’s a recession – and how can we tell if we’re in one?

This article is part of The Conversation’s “Business Basics” series where we ask experts to discuss key concepts in business, economics and finance.

The Conversation

This is the weakest economy outside of a recession. Here’s what the GDP figures show

The latest national accounts show the Australian economy is struggling. It’s what you would expect after the sharpest series of interest rate rises on record, and is more or less what the Reserve Bank was trying to achieve to bring down inflation.

The Conversation

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The Independent UK

Asian stocks decline, following Wall Street's drop on worries about the economy

Asian stocks are tumbling after Wall Street had its worst day since early August, as a week full of economic updates got off to a weak start

International Business Times

Asian Markets Plunge With Wall St After Nvidia Rout, Weak US Data

Tech firms led a plunge across Asian markets Wednesday after a rout on Wall Street fuelled by a collapse in chip titan Nvidia and disappointing data on US factory activity that revived recession fears.

The Guardian - AU

Australia’s economy fares better than expected but still weakest since early 1990s, excluding pandemic

June quarter GDP expanded by 1% from a year earlier, the Australian Bureau of Statistics said – slightly above forecasts

Latin Times

Kamala Harris leads Trump on healthcare and climate among Latinos but lags behind on immigration, poll shows

The GOP candidate holds a 5-point lead over Harris on the issue. They are tied on the economy.

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France 24

Lebanon's ex-central bank chief arrested over alleged financial crimes

Lebanon's former central bank governor, Riad Salameh, has been arrested in Beirut. Once lauded for reviving the country's economy after the civil war, Salameh's later years in office were marred by allegations of financial crimes including embezzlement and money laundering. Plus, the trial against Martin Winterkorn, the former CEO of…

The Guardian - AU

Fyles behind in NT election recount – as it happened

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AAP

Economy stuck in slow lane as households tighten belts

The Australian economy is barely growing as higher borrowing costs and inflation keep a lid on household consumption.

The Guardian - AU

Australia is about to get an economic health check. What do GDP figures mean and why are they important?

The numbers could mark the nadir in gross domestic product performance, while the RBA watches closely for cues to help time an interest rate cut

International Business Times

From Acclaim To Blame: Lebanon Bank Chief Riad Salameh

Once lauded for reviving Lebanon's economy, former central bank chief Riad Salameh -- wanted abroad and reviled at home after years of financial meltdown -- was arrested on Tuesday by Lebanese authorities.

Evening Standard

OPINION - Rachel Reeves's impossible choice: Truss or Osborne?

Liz Truss or George Osborne? For Rachel Reeves, neither is exactly her political lodestar. From a Labour perspective, the former moved far too fast with her 'mini-Budget' and in doing so sparked a run on gilts. In contrast, the latter slowly strangled the UK economy with cuts to capital spending…

Latin Times

Asian Markets Drift Lower Ahead Of Key US Figures, Eyes On China

The Federal Reserve is widely expected to cut interest rates at its next meeting this month but close attention is being paid to Friday's non-farm payrolls (NFP) figures, which are seen as playing a major role in how big the central bank will go.

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