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The Latest Breaking News from Economy

There’s a huge amount riding on the latest inflation figures. Here’s why

The big four banks predict interest rates to be cut, but the RBA may have other ideas

The Guardian - AU

Xi signals no deviation from course – nor in the driver – despite economic bumps in the road

Chinese President Xi Jinping has laid out his vision for China’s economic and social future – and it places Xi Jinping at the very center.

The Conversation

Historians of the Labour party put Britain’s new government into context

The coming of a new Labour government is a moment to take stock. Are there things that the new administration can learn from previous Labour governments? Is it true, as David Cameron claimed in 2009, that Labour governments always run out of money?

The Conversation

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

Matteo Mancuso’s otherworldly technique has blown the minds of Al Di Meola, Steve Vai and Joe Bonamassa – in this exclusive video masterclass, he shares the secrets behind his breathtaking fingerstyle approach

Mancuso has lit up guitar since his arrival on the scene, with his debut album, The Journey, a modern classic. And he has nothing to hide; here he is showing us exactly how he does it

Guitar World

Federal Reserve is edging closer to cutting rates. The question will soon be, how fast?

Two years after launching an aggressive fight against inflation and one year after leaving its benchmark interest rate at a near-quarter-century high, the Federal Reserve is expected to signal this week that it will likely reduce borrowing costs as soon as September

The Independent UK

We compared land transport options for getting to net zero. Hands down, electric rail is the best

Transport emissions have grown in line with the population and economy. Without intervention, the Australian government expects transport to be the largest emissions source by 2030. So, cutting transport emissions is a crucial, but challenging, element of the net-zero strategy.

The Conversation

The surprise state topping Australia's economic ladder

South Australia has retained its title as the nation's top economy for the third consecutive time in CommSec's latest State of the States report.

AAP

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Bank of England set to rain on hopes of interest rate cut after economic bounce

This week’s Bank meeting is unlikely to bring borrowers any joy amid a strong recovery from 2023’s mild recession

The Guardian - UK

Rayner to set out overhaul of planning rules to clear path for new social housing

Angela Rayner has said the planning system should be a ‘launchpad’ rather than a millstone ahead of setting out changes next week

The Independent UK

Rachel Reeves to unveil ‘broke Britain’ dossier as Jeremy Hunt hits back with tax ‘scam’ claim

Rachel Reeves is expected to tell parliament that Rishi Sunak’s party left a £20bn black hole in the public finances, including making ‘significant funding commitments’ this year with no idea how they would be paid for

The Independent UK

How bad are Britain’s finances? Key questions and answers on the state of the economy

Several factors restrict the Labour government’s room for manoeuvre in its agenda for growth, writes Phillip Inman

The Guardian - UK

Rachel Reeves to delay some of Tories’ ‘unfunded’ road and hospital projects

Chancellor attempts to plug £20bn hole in spending but will commit to above-inflation public sector pay rise

The Guardian - UK

G20 Seeks Common Ground On Taxing Super-rich

G20 finance ministers are expected to take a first step towards international cooperation on taxing the super-rich Friday, with a deal in Brazil likely to call for individual nations to strengthen their own measures, rather than delivering a set of unified regulations.

International Business Times

Millions of UK public sector workers set for above-inflation pay rise

Rachel Reeves is expected to accept pay review body recommendations in move that could cost up to £10bn

The Guardian - UK

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Top News

Fed Expected To Cut Interest Rates As Inflation Cools

Latest data shows low inflation, potential interest rate cuts by the Fed, and steady economic growth in the U.S.

The Independent UK

Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut

The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates this fall

Roll Call

FactCheck updates how the US has performed under Biden - Roll Call

From FactCheck.org: how the U.S. has fared under Joe Biden under a broad array of measurements, including economics and immigration.

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Al Jazeera

Sri Lanka presidential election set for September 21 amid ailing economy

President Wickremesinghe is first candidate to register at the Election Commission as he seeks mandate from voters.

The Guardian - UK

Green economy could generate 3.3m jobs across Africa by 2030 – report

Policymakers and funders are being urged to invest in training a workforce to serve the industries of the future

Fortune

Even September may be too late for a rate cut to swing the U.S. economy out of a recession, warns former Fed president

"Although it might already be too late to fend off a recession by cutting rates, dawdling now unnecessarily increases the risk."

The Independent UK

Stock market today: Asian shares mostly advance after Wall St comeback from worst loss since 2022

Shares are mostly higher in Asia after Wall Street made a comeback from its worst loss since 2022

International Business Times

Asian Markets Battle To Recover From Tech Rout After US Data

Asian traders struggled to fight back Friday after a tech-fuelled sell-off, taking heart from forecast-beating US growth data that reassured that the economy was still in rude health, but did not dent hopes for an interest rate cut.

The Conversation

Declining PhD student numbers are a warning sign for NZ’s future knowledge economy

The decline in the number of doctoral candidates at New Zealand universities is a worrying sign for the country’s effort to build a knowledge-based economy.

The Canberra Times

Greens say all Canberra households can have food waste bins sooner

The plan relies on a network of decentralised composting.

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Luiz Inacio Lula da Silva

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