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The Latest Breaking News from Economy

What can Jeremy Hunt do with his £13bn headroom in the autumn statement?

Chancellor could try to win votes with a tax giveaway, but seems unlikely to improve the polls or the economy

The Guardian - UK

Croatia cracks down on migrants as Europe beefs up border checks

It took Croatia years to finally enter into Europe's passport-free travel zone that promised to ease access for other European nationals travelling to the country and boost its tourism-driven economy.

Radio France Internationale

Robbie Williams and his wife reveal their children fly economy while they sit in first class

No move to expensive seats ‘until they can pay to put themselves in a different part of the plane’, says Ayda Field

The Independent UK

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Stock market today: Asian stocks pulled lower by profit warnings and signs the US economy is slowing

Asian stocks are mostly lower after Wall Street drifted to a mixed finish as momentum slowed following a strong rally in the first half of November

The Independent UK

US Achieves Record Oil Production Amidst Geopolitical Tensions

Despite conflicts and regulatory challenges, US oil production reaches highest level on record, boosting economy

Zenger

Dutch universities slam ‘ridiculous’ proposal to cap foreign students

Academics criticise student cap plan by poll frontrunner Pieter Omtzigt saying move will scare off top talent and disadvantage Dutch economy

The Guardian - UK

‘Flip-flopping’ has cost UK billions in investment cash since 2010, says report

Before autumn statement, industry bosses say more consistency is needed after more than a decade of instability

The Guardian - UK

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Biden tells Asia-Pacific leaders US 'not going anywhere' as it looks to build economic ties

President Joe Biden on Thursday made America's case to national leaders and CEOs attending the Asia-Pacific summit that the United States is committed to high standards in trade and to partnerships that will benefit economies across the Pacific.

France 24

Long-term sickness forcing people out of work and damaging economy, Labour warns

Shadow work and pensions minister Liz Kendall tells Standard that workers risk being 'written off' without support

Evening Standard

CAG to play a key role in making India the third largest economy: Murmu

President Droupadi Murmu: CAG team facilitator of good governance, will help make India third largest economy. CAG has taken forward-looking steps, including Centre for Data Management and Analytics.

The Hindu

Cathie Wood says forget inflation, deflation is the real enemy after the Fed hiked rates too far, too fast

“I think the Fed’s overdone it. I think we’re going to see a lot more deflation going forward,” the ARK Invest CEO and founder said this week.

Fortune

Can the U.S. Economy Achieve a Soft Landing?

The Federal Reserve, since early 2022, has been raising interest rates to ease inflation pressures without causing the economy to contract, an ideal scenario that some economists call a “soft landing.” A soft landing is defined as when the Fed is able to slow the economy enough to curb demand...

Barchart

Fresh off meeting with China's Xi, Biden is turning his attention to Asia-Pacific economies

President Joe Biden will address a group of CEOs grappling with the risks to their businesses from world crises

The Independent UK

Registration Opens for the 2024 NAB Show

The show will delve into trends such as artificial intelligence, streaming universes, virtual production, the creator economy and advertising

TV Tech

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AAP

Battery economy: From 'dig-and-ship' to 'mine-and-make'

Some $2 billion in capital and other sweeteners could turn Australia from the world's quarry into a "mine-and-make''nation driving the battery supply chain.

Al Jazeera

Malawi’s president suspends foreign travel for himself and cabinet members

President Lazarus Chakwera announced austerity measures aimed at healing the economy.

Fortune

Citadel CEO Ken Griffin bashes Bidenomics as debt-reliant, inflationary policies: ‘The American public knows things aren’t working in this economy for them’

“Whoever told him to run on Bidenomics has no idea how to read an economics textbook,” the Wall Street titan said.

Digital Camera World

Black Friday conundrum: save less money on a newer camera, or more money on an older one?

Is it false economy to save more money on an older camera? How to approach the Black Friday bargains

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news in one place.

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The Guardian - UK

Barbie ‘contributed over £80m to the UK economy’ says Warner Bros

Hollywood studio reported figure to a parliamentary committee investigation into how to support the British film industry

Fortune

Barbie movie added close to $100 million to the struggling British economy

Despite looking like it was set in a pink fantasy toy town, much of Greta Gerwig’s Barbie blockbuster was actually filmed in the U.K.

Chicago Sun-Times

Amazon’s treatment of workers can improve, if lawmakers act

Amazon’s ability to churn through employees, leaving them bruised and broken, is also connected to its outsize power across the economy and in local labor markets.

Fortune

2024 economy and stock market predictions: Expect subpar returns in a new ‘age of austerity’ says a top analyst at Research Affiliates

In the new paradigm, the best investment categories of the last decade should prove the worst performers going forward, while the beaten-down, unloved sectors of recent years are likely to thrive.

The Hindu

‘Wrong policies’ ruined economy of Andhra Pradesh, alleges TDP leader

TDP & JSP leaders in Vizianagaram accuse YSRCP govt. of ruining AP's economy with wrong priorities. State's debt has risen to ₹10 lakh crore due to lack of wealth creation. People unhappy with govt. policies due to extra taxes, power charges & RTC fares.

The Guardian - AU

Australian economy adds twice as many jobs as expected as unemployment rate rises to 3.7%

Employers added a net 54,900 jobs in October as economy’s resilience contributed to tight labour market

Cycling News

Tourism keeps Australian cycling economy rolling but sales slowdown seen continuing

Report puts cycling direct output at $6.7 billion in Australia in 2022, up from $6.3 billion in 2020

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