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The Latest Breaking News from Economy

Polls close in Wellingborough and Kingswood byelections

Conservatives expected to lose two seats on day UK economy was announced to be in recession

The Guardian - UK

Rishi Sunak warned against fresh austerity drive to finance tax cuts

Unions outraged as Jeremy Hunt said to be considering cutting public spending to balance books in next month’s budget

The Guardian - UK

The Guardian view on the UK recession: no growth and no ideas either

Editorial: The Conservatives have presided over a shrunken British economy, and Rishi Sunak does not have a clue how to make it grow again

The Guardian - UK

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Britain is in a rut. Here are five ways to fix the economy

From unfreezing tax thresholds to boosting social housing, solutions to the UK’s problems don’t have to trigger the return of inflation

The Guardian - UK

Delving Into SPY and IYY: The Compelling Choice for Large Cap ETF Investors

The U.S. economy holds its ground, evidenced by easing inflation, a flourishing job market, and anticipated rate cuts this year. In light of the resilient macroeconomic backdrop, adopting a bullish stance on two large-cap ETFs, iShares Dow Jones U.S. ETF (IYY) and SPDR S&P 500 ETF Trust (SPY), could yield…

StockNews.com

US business inventories rebound in December

US business inventories bounced back in December, suggesting that companies are restocking after depleting their inventory levels. This indicates potential...

Top News

Jobless Claims Fall, Labor Market Resilient Despite Interest Rates

Despite efforts by the U.S. Federal Reserve to cool the economy, jobless claims remain low. Applications fell by 8,000 to 212,000 in the latest report.

Top News

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Small businesses optimistic about growth despite concerns over inflation and hiring

Discover the latest insights from small business data, revealing a mix of optimism and concerns about the economy, inflation, hiring challenges, and growth...

Top News

OPINION - The UK economy is in recession (and becoming a bit more European)

Four years after the UK exited the European Union and three years after leaving its formal structures (single market and customs union), the British economy is becoming a bit more European.

Evening Standard

What Happened To Mazda's Innovative Skyactiv-X Engine?

Mazda's novel compression-ignition engine once looked like a savior for internal combustion. Years later, it hasn’t caught on.

Motor1

US Import Prices Spike in January, Largest Gain in Years

In January, US import prices experienced their largest increase in almost two years, suggesting a potential rise in inflation in the country's economy.

Top News

ECB Policymakers Resist Quick Rate Cuts Amid Falling Inflation

ECB policymakers remain cautious about implementing hasty rate cuts despite a decline in inflation, emphasizing the need for a measured approach to policy ...

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Germany's Economy Faces Biggest Slump in 20 Years

Germany's chamber of commerce has issued a warning about the country's economy, predicting the most significant decline in 20 years due to multiple factors.

Top News

Chile Central Bank Considers Significant Rate Cut in January

Discover how the Chile central bank contemplated a rate cut of up to 150 bps in January and its potential impact on the country's economy.

Top News

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Global Stocks Rise as Wall Street Recovers, Oil Prices Decline

Shares rise in Europe and Asia as Wall Street bounces back. Japan and UK report economic contractions. Tokyo's Nikkei 225 closes at highest level in 34 years.

International Business Times

EU Cuts Eurozone Inflation, Growth Forecasts For 2024

The European Commission on Thursday cut both its growth and inflation forecasts for the eurozone in 2024, as it warned geopolitical tensions spelled rising uncertainty for the single-currency area's economy.

International Business Times

UK Economy Slides Into Recession Ahead Of Election

Britain is in recession, official data showed Thursday, dealing another blow to embattled Prime Minister Rishi Sunak, whose Conservative party is forecast to lose a general election expected this year.

Top News

Japan's Economy Slips Into Recession Amid Consumer Spending Decline

Discover the concerning state of Japan's economy as it enters a recession, experiencing two consecutive quarters of contraction. Higher prices and reduced ...

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news in one place.

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UK Officially in Recession as GDP Drops in Fourth Quarter

Learn about the UK's official recession as government data reveals a 0.3% GDP drop in Q4. Brexit, pandemic, and energy crisis contribute to the economic ch...

The Guardian - UK

Ukraine says frozen Russian assets should be used to rebuild war-hit economy

Call comes as report puts reconstruction cost at nearly $500bn since start of conflict

The Guardian - UK

Labour accuses Hunt of being ‘out of touch’, with voting under way in Kingswood and Wellingborough byelections – as it happened

Labour aiming to win two byelections as chancellor defends Sunak’s record, saying ‘economy is turning a corner’

International Business Times

UK Economy Entered Technical Recession In Q4 Of 2023

All three major economic sectors contracted in the fourth quarter: Services (-0.2%), production (-1%), and construction (-1.3%). This resulted in an overall GDP growth of only 0.1% for the entire 2023.

Al Jazeera

SpaceX launches private Odysseus lander as US shoots for moon

NASA, the main sponsor with experiments on board, hopes to jumpstart lunar economy ahead of astronaut missions.

The Guardian - UK

Even a technical recession is a headache for Rishi Sunak

Governments try to generate a feelgood factor before an election. The UK has the opposite: a feel-bad factor

Al Jazeera

UK economy slips into recession, official data shows

GDP shrank by 0.3 percent in the last three months of 2023, after contracting 0.1 percent in the third quarter.

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