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The Latest Breaking News from Economy

Giant batteries to store wind and solar power can speed up South Africa’s energy transition – how that can happen

South Africa is at a pivotal moment in its energy transition: trying to decarbonise its economy (move away from coal) and make sure that everyone has access to reliable and affordable energy. Storage of renewable energy is very important for this transition. Solar and wind power are not available all…

The Conversation

Economy Takes Center Stage In Presidential Campaign Ads

Presidential campaigns release contrasting economic-themed ads, highlighting their strategies and priorities in engaging with voters.

Top News

‘I wouldn’t wish this on anyone’: the food delivery riders living in ‘caravan shantytowns’ in Bristol

Gig economy workers for Deliveroo and Uber Eats in the city are living in appalling conditions, while putting in long hours, earning low pay and facing mental health problems

The Guardian - UK

Meghan Gallacher shocks as she claims square sausage can 'empower Scotland's economy'

WHO knew that Meghan Gallacher had all the answers to get boost Scotland’s economy?

The National (Scotland)

Are You Poor?

Many Americans believe they are worse off than they were before the pandemic, but the truth is that economic conditions are pretty good right now. So what's up?

Kiplinger

US Unveils Sweeping Sanctions Targeting Russia's Wartime Economy

The United States unveiled sweeping sanctions Friday against almost 400 individuals and companies tied to Russia's war in Ukraine, expanding existing measures to curb Moscow over the invasion of its neighbor.

International Business Times

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StockNews.com

3 High-Yield Dividend Stocks to Buy Before Rates Drop

With the economy being in an uncertain state amid the hopes of an interest rate cut by the Fed, high-yielding dividend stocks could be a great addition to your portfolio. So, should you invest in AT&T (T), Altria Group (MO), and MPLX LP (MPLX) before the rates drop? Keep reading…

The Independent UK

Takeaways from Fed Chair Powell's speech at Jackson Hole

Federal Reserve Chair Jerome Powell all but proclaimed mission accomplished in the fight against inflation and signaled that interest rate cuts are coming in a much-anticipated speech Friday in Jackson Hole, Wyoming

The Guardian - US

‘Time has come’ for US Federal Reserve to cut interest rates, says Powell

Fed chairman hails progress in battle to bring down inflation, with cut rates starting from September

The Conversation

No, the world isn’t heading toward a new Cold War – it’s closer to the grinding world order collapse of the 1930s

The past decade and a half has seen upheaval across the globe. The 2008 financial crisis and its fallout, the COVID-19 pandemic and major regional conflicts in Sudan, the Middle East, Ukraine and elsewhere have left residual uncertainty. Added to this is a tense, growing rivalry between the U.S. and…

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Latin Times

Stocks Mostly Rise Ahead Of Powell, Yen After BoJ Rate Hint

The yen also advanced after the head of Japan's central bank told lawmakers that officials could hike interest rates again if the economy and inflation perform as expected, weeks after a surprise increase caused turmoil on markets.

Dynamite News

Bangladesh New Era: Country first needs to revive lost infrastructure

Infrastructure is a critical component of economic stability and growth, and its loss can have far-reaching effects on the economy. Read further on Dynamite News:

The Independent UK

How fast will interest rates fall? Fed Chair Powell may provide clues in high-profile speech

With the Federal Reserve considered certain to start cutting its benchmark interest rate next month, Chair Jerome Powell’s highly anticipated speech Friday morning at an economic conference will be closely watched for any hints about how many additional rate cuts might be in the pipeline

The Guardian - UK

‘No one has any money’: Israel’s restrictions stifle West Bank economy

Soaring unemployment and poverty are fuelling unrest as Palestinian firms and workers face ‘economic siege’

Al Jazeera

Gaza war extends toll on Israel’s economy

Combat operations are straining Israel’s economy, leading to shrinking of the GDP and downgrading of sovereign rating.

The Conversation

This NT election, even pet crocs are campaign fodder. Just don’t mention the ballooning debt

The Northern Territory is going to the polls this weekend. The incumbent Labor government is under serious challenge from a rejuvenated Country Liberal Party (CLP) opposition, led by Lia Finocchiaro. This is an election mainly about crime and the state of the economy, and neither issue is good for Labor.

Reason

Presidents Don't Create Jobs, No Matter What Bill Clinton Said

Dynamic economies operate independently of the political party of whoever was elected most recently.

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