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The Latest Breaking News from Economy

Moody's Downgrades Outlook On China Credit Rating Over Debt Fears

Ratings agency Moody's on Tuesday downgraded the outlook on China's credit rating to "negative" from "stable" on the back of rising debt in the world's second-largest economy, with Beijing saying it was "disappointed" by the move.

International Business Times

Stock market today: Asian shares slip ahead of key US economic reports

Asian shares declined Tuesday on heavy selling of property and technology shares

The Independent UK

I’ve got news for those who say Brexit is a disaster: it isn’t. That’s why rejoining is just a pipe dream

Many still hanker for how things were: but looking across the Channel, it’s completely illogical to do that, says Guardian columnist Larry Elliott

The Guardian - UK

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The Guardian view on a dismal inheritance: the UK does not need another bout of austerity

Editorial: Fixing a broken economy with service-led growth and increases in public investment as well as welfare spending should be seriously considered

The Guardian - UK

The broken state of UK economy is clear; Hunt and Starmer’s solutions are less so

Resolution Foundation report underlines lack of progress by Tories but Labour proposals seem woolly

The Guardian - UK

What Consumers Spent a Record $18.86 Trillion On

Consumers are spending more than ever, although a lot can be chalked up to high inflation, low unemployment, and an economy that’s stronger than expected

Kiplinger

Depression is costing the global economy a 'profound' $1 trillion per year, warns U.S. Surgeon General

5 ways workplaces can support employee mental health.

Fortune

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“I Don’t Think I’ll Ever Get A Job Again”: High Schooler’s Realization About Taxes Goes Viral

Amber Marie is a 23-year-old high school English teacher who just witnessed one of her students get a lesson on the economy.

Bored Panda

Niger’s repeal of migrant smuggling law worries EU over efforts to curb immigration flows

Niger’s junta on November 27 revoked a 2015 law aimed at curbing migration through a key route in the West African country. While the European Union warned that the decision could lead to an increase in migratory flows to Europe, the decriminalisation of Niger's migrant-smuggling trade could benefit the local…

France 24

Britain has been in a 15-year economic slump. This is our route out of it

Ours is the most unequal major economy in Europe, with poorer workers losing out most, says Torsten Bell, chief executive of the Resolution Foundation

The Guardian - UK

Watch Live: Keir Starmer expected to speak on the economy at Resolution Foundation conference

Watch live as Keir Starmer speaks on the economy at Resolution Foundation conference in Westminster, London, on 4 December 2023.

The Independent UK

With the end of the Hollywood writers and actors strikes, the creator economy is the next frontier for organized labor

Hollywood writers and actors recently proved that they could go toe-to-toe with powerful media conglomerates. After going on strike in the summer of 2023, they secured better pay, more transparency from streaming services and safeguards from having their work exploited or replaced by artificial intelligence.

The Conversation

Jeremy Hunt blames Brexit for years of turmoil

Chancellor also claims UK economy has ‘sprained ankle’ – not a broken leg

The Independent UK

Draft policy formulated to enhance tourism's contribution to economy: Union Minister

Draft Nat. Tourism Policy 2023 aims to enhance India's tourism contrib. to economy, create jobs & entrepreneurial opps, preserve & enhance cultural & natural resources, & ensure sustainable, responsible & inclusive dev. of tourism. 7 projects sanctioned under Himalayan Circuit & FAM trip on Ambedkar Circuit to promote initiative.

The Hindu

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Evening Standard

Sir Keir Starmer praised Margaret Thatcher because she 'got things done,' says one of his closest allies

The Labour leader was outlining Labour's economic plans if it wins power next year

The Guardian - UK

Gold hits record high and bitcoin breaks $42,000 – as it happened

Gold at all-time high, and bitcoin at 18-month peak, as traders bet on US interest rate cuts early next year, while ONS shows that mortgage holders face higher inflation

The Independent UK

Economists predict US inflation will keep cooling and the economy can avoid a recession

A survey shows most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under pressure brought by high interest rates

The Guardian - UK

UK has lacked coherent economic strategy for years, thinktank finds

Trade has been hit by Brexit, while the number in poverty has risen sharply in a country ill-prepared for the future

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The Conversation

Lydia Davis' amusing, insightful stories address the estrangements of everyday life – and resist the hollowing of language

Lydia Davis is known for her minimalist fiction – “economy, precision and originality” is how the author Ali Smith once described her style. Her shortest story, Index Entry, amounts to just four words:

The Guardian - UK

The Guardian view on a non-proliferation treaty: fossil fuels are weapons of mass destruction

Editorial: The planet faces an existential threat if we do not transition from the current extractive model of growth to a low-carbon economy

StockNews.com

Is It Time for Small Caps to Shine?

November was about as good of a month as a stock investor could ask for. However, still too much of the gains are accruing the same old collection of large cap stocks at the top of the S&P 500 (SPY). Gladly there are healthy signs that small caps are ready…

International Business Times

Argentina's Milei: From Rabble-rouser To Realist?

Libertarian Javier Milei stormed to election victory with wild promises of uprooting Argentina's political establishment and dramatically overhauling its ailing economy.

StockNews.com

Bilibili Inc. (BILI) vs. LexinFintech (LX) - Predicting Which China Stock Will Have Better December Gains

With a substantial GDP expansion and well-timed government initiatives to help recovery, China's economy is expected to rise significantly in the following years. In light of this, which of the stocks, LexinFintech (LX) and Bilibili (BILI), could see more gains in December? Let's find out.

The Guardian - UK

UK economy shows signs of steadying amid pause in interest rate rises

Modest fall in mortgage costs and rising manufacturer confidence fuel hopes that pressure is easing on consumers and companies

PC Gamer

Baldur's Gate 3's new Legendary Actions just made its honour mode bosses way harder than you think, and I can prove it with D&D science

The (action) economy is in shambles.

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