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The Latest Breaking News from Economy

GlobalFoundries to Receive $1.5 Billion In Funding from U.S. CHIPS Act

The United States Department of Commerce and GlobalFoundires announced on Monday that the US will be awarding GlobalFoundries with $1.5 billion in funding under the CHIPS and Science Act. The latest domestic chip fab to receive money under the act, GlobalFoundries's funding will be spent to upgrade company's New York…

AnandTech

Voters may at last be coming round to Biden’s sunny view of the economy

America’s robust economic indicators under the president have not been reflected in opinion polls – but that could be changing

The Guardian - US

Inflation Up 18% Under President Biden, Voters Prefer Trump Economy

Senator Warren struggles to explain why voters prefer Trump's economic policies over Biden's, citing uncertainty. Factors include deregulation, trade agree...

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With Gaza war, Israel sees steepest drop in GDP since Covid era

Israel's GDP fell by 19.4 percent in the last quarter of 2023, according to preliminary figures published by the country's Central Bureau of Statistics on Monday. It's the biggest contraction the economy has seen since the early days of the Covid pandemic, and can be attributed to the impact of…

France 24

UK economy bounces back with 'signs of upturn' after 'very weak' recession, says Bank of England chief

Britain’s economy is already showing “distinct signs of an upturn” after slipping into recession at the end of last year, the Bank of England’s governor said on Tuesday.

Evening Standard

Unions warn against watering down Labour reforms of workers’ rights and ban on zero-hours contracts

TUC call follows admission by CBI president that it is pushing party to soften its plans

The Guardian - UK

Hunter mining supporting 15,300 jobs: survey

Hunter mining companies injected $8.2 billion into economy last year.

Newcastle Herald

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China Shares Dip As Central Bank Cuts Key Rate

Mainland China's shares fell on Tuesday as its central bank announced a record cut to a benchmark lending rate in a bid to boost its struggling economy.

International Business Times

China Central Bank Cuts Benchmark Lending Rate To Boost Economy

China's central bank on Tuesday cut a key benchmark lending rate used to price mortgages, as Beijing seeks to boost its flagging growth.

International Business Times

Hastie’s defence comments ‘unhinged and misleading’, Conroy says – as it happened

This blog is now closed.

The Guardian - AU

Australia calls Karnataka ‘a vibrant economy with innovative spirit’

Australia's Minister for Labour and Economy explores collaboration opportunities with Karnataka, focusing on innovation, technology, and green initiatives.

The Hindu

Budget shows that the economy has declined: Anbumani

Chennai PMK president criticizes Tamil Nadu government's budget, urges increase in non-tax revenues to stabilize economy.

The Hindu

3 China Stock Buys Leading the Market

Chinese stocks are widely expected to bounce back this year after the Chinese authorities announced a wide range of measures to boost the economy and the stock market. Amid this backdrop, it could be wise to buy fundamentally strong Chinese stocks Alibaba Group Holding (BABA), Hello Group (MOMO), and Tencent…

StockNews.com

Swiftie spending a $174m love story for city's economy

Taylor Swift's Eras Tour has spawned a spending boost of $174 million in Melbourne, according to NAB, as the blockbuster show moves to Sydney.

AAP

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AAP

Rate hike case scuttled by improving inflation outlook

The Reserve Bank considered lifting interest rates earlier this month but convincing progress on inflation made it an easy argument to dismiss.

StockNews.com

3 China Stocks to Monitor for Success

As China's economy surges with a resurgence in consumer spending post-pandemic, it could be wise to monitor sound China stocks Sohu.com (SOHU), Alibaba Group (BABA), and JD.com (JD) to capitalize on substantial growth opportunities. Read on….

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Ukrainian businesses fear mobilisation law impact on economy

Learn about how Ukrainian businesses are concerned about the potential impacts of a new mobilization law on the economy amid the crisis.

Top News

Germany in recession as per Bundesbank forecast

The Bundesbank suggests that Germany may be entering a recession, signaling potential economic challenges ahead.

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Saudi Arabia predicts over 5% non-oil growth slowdown

Learn about Saudi Arabia's medium-term non-oil growth forecast of over 5%, a decrease from previous estimates, impacting the economy.

Top News

Gaza War Causes 19.4% Israeli Economy Drop in Q4

The Israeli economy experienced a significant 19.4% decline in GDP in Q4 amid the Gaza war, highlighting the impact of conflict on economic performance.

Top News

China to cut mortgage reference rate, first time since June

China is expected to reduce its mortgage reference rate for the first time since June, impacting the country's economy and real estate market.

The Guardian - UK

Bank of England ‘risks worsening UK recession if no interest rate cuts soon’

Former chief economist Andy Haldane says keeping rates high could ‘crush the economy’

The Hindu

T.N. Budget | Coastal resources to be restored; conservation fund to protect endangered species

Tamil Nadu unveils TN-SHORE scheme to restore coastal resources, focusing on biodiversity, livelihoods, pollution control, and Blue Economy.

International Business Times

Stocks And Bonds Come Off A Volatile Week On Fears Of Stagflation - What Is Next?

The S&P 500 ended the week at 5,005.57, down 0.30% for the week; the Dow Jones at 38,627.99, down 0.50%; the tech-heavy Nasdaq at 15,775.65, down 1.10% and the small-cap Russell 2000 at 2032.74, down 0.60%.

The Times of India

How Russia-Ukraine war is boosting US economy, defense industry

India has been facing criticism from policymakers in the US and West for trying to profit from the Ukraine war as it emerged as one of the key buyers of cheap Russia oil in the wake of Western sanctions. External affairs minister S Jaishankar had, time and again, defended India's…

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