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The Latest Breaking News from Economy

‘Planet Earth is big enough for two’: Biden and Xi meet for first time in a year

US and Chinese presidents meet in San Francisco to discuss the economy, climate, military relations and Taiwan

The Guardian - US

How could Australia actually get to net zero? Here's how

Every bit of warming matters if we want to avoid the worst impacts for climate change, as the latest report from the Intergovernmental Panel on Climate Change shows.

The Conversation

Will Xi and Biden mend US-China relations at the APEC summit?

Xi aims to revive investments in sluggish Chinese economy while Biden looks to keep temperatures ‘low’ in Asia-Pacific.

Al Jazeera

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India vs New Zealand | Mohammed Shami re-writes history with dream spell

In 17 matches, Mohammed Shami has 54 wickets at an average of 12.90, an economy rate of over 5 and a strike rate of 15.33. His best bowling figures are 7/57. He is the sixth-highest wicket-taker in the tournament history.

The Hindu

Wholesale inflation just had its largest monthly drop in 2.5 years: 'We got more Goldilocks today'

Producer prices dropped in October in what investors hope is a sign of a long-awaited economic turnaround.

Fortune

Landmark site at gateway to Newcastle deserves a show-stopping plan

I COMPLETELY agree with Bradley Perrett's vision for the remaining Honeysuckle development ("Honeysuckle idea simply sucks", Newcastle Herald, 10/11), the supposed centrepiece of the city's waterfront development. No one would deny the need for more social and affordable housing, but not on the remaining section of Honeysuckle. There is an…

Newcastle Herald

Why Now Might be a Good Time to Buy Copper

Copper prices have increased over the past month but are not running away on the upside. Copper is a bellwether metal that many market participants monitor for clues about the health and well-being of the global economy.

Barchart

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Vision@2047: CII session in Mysuru on Friday

The Confederation of Indian Industry (CII), Mysuru zone, is all set to host EXCON ROADSHOW 2023 and a session on the ‘Role of Infrastructure and Economy for Vision@2047’ on Friday, between 5 p.m. and 8 p.m. at Hotel Southern Star here.

The Hindu

Barbie movie contributed more than £80m to UK economy

The movie is the biggest film of 2023 so far and has also out-earned 2022’s biggest hit, Top Gun: Maverick

The Independent UK

Taiwan's participation at APEC forum offers a rare chance to break China's bonds

Taiwan will take part in the Asia-Pacific Economic Cooperation forum in San Francisco this week, a rare opportunity for the self-governing island democracy of 23 million people and its high-tech economy to break the diplomatic embargo on it imposed by authoritarian China

The Independent UK

Poor men south of Richmond? Why much of the rural South is in economic crisis

For a brief moment in the summer of 2023, the surprise No. 1 song “Rich Men North of Richmond” focused the country’s attention on a region that often gets overlooked in discussions of the U.S. economy. Although the U.S. media sometimes pays attention to the rural South — often concentrating…

The Conversation

New Labor Rules Will Screw Over Your Local McDonalds

A new joint employer rule from the NLRB threatens to fundamentally change the business relationship between a franchise and its parent company.

Reason

S&P Futures Climb Ahead of Key U.S. PPI and Retail Sales Data, Chinese Data Boosts Sentiment

December S&P 500 futures (ESZ23) are trending up +0.34% this morning as market participants digested strong industrial output and retail sales data from China while also bracing for crucial U.S. PPI and retail sales data.

Barchart

European Commission lowers growth outlook and says economy has lost momentum during a difficult year

The European Union’s executive commission has lowered its growth forecast for this year and next, saying the economy “has lost momentum” in 2023 as inflation weights on consumer spending and higher central bank interest rates deter borrowing for purchases and investment

The Independent UK

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The Hindu

India, U.S., 12 other IPEF members ink supply chain resilience agreement

India, the U.S. and 12 other members of the Indo-Pacific Economic Framework For Prosperity (IPEF) grouping have signed a supply chain resilience agreement that would provide benefits such as potential shifting of production centres in critical sectors and mitigating risks of economic disruptions from supply chain shocks.

The Independent UK

China's economy shows sparks of life, despite persisting weakness in troubled real estate sector

China has reported its economic growth showed more signs of rekindling in October as retail sales and factory output picked up even though the property sector remained sluggish

Al Jazeera

Bangladesh’s ongoing political crisis is ‘high risk’ for fragile economy

Experts attribute the current economic downfall to an oligarchy of political elites entrenched in Sheikh Hasina regime.

AAP

Bikes and e-scooters pumping billions into the economy

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The Independent UK

Japan's economy sinks into contraction as spending, investment decline

Japan’s economy slipped into a contraction in the third quarter, decreasing at an annual pace of 2.1% as consumption and investments shrank

The Hindu

Karnataka Minister Rajanna appeals to youth to join the cooperative movement

K.N. Rajanna urges youth to join cooperative movement to help realise $5 trillion economy. Minister for School Education and Literacy, Madhu Bangarappa, said farming community had benefited from sector.

Chicago Sun-Times

Federal government shutdowns are costly, for the economy and public trust

There are serious debates to be had about government spending, but the edge of a shutdown is no place to have them. Ignoring the consequences won’t bring us closer to more responsible government, two University of Chicago experts write.

Chicago Sun-Times

What’s pushing inflation down? More goods, workers and housing

But many economists say a key reason why so many Americans hold a gloomy view of the economy is that prices — on items that they buy regularly — remain much higher than they were three years ago.

The Independent UK

Nikki Haley privately discusses economy with Wall Street chief as her campaign rises

Mr Dimon allegedly praised the former South Carolina governor’s economic experience

Barchart

Cost-Conscious Consumers are Boosting the Earnings of Discount Retailers

With higher interest rates and sticky inflation undercutting the purchasing power of most consumers, value retailers are holding up against a broader spending pullback as anxiety over the economy prompts shoppers to seek discounts and deals. Many of the off-price retailers, such as TJX Cos (TJX ), Ross Stores (ROST...

The National (Scotland)

'Minimum wage is destroying jobs and must be cut', Liz Truss's economy group claims

A group of economists brought together by former prime minister Liz Truss says the minimum wage should be frozen and then cut.

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