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The Latest Breaking News from Economy

OPINION - When it comes to the economy, the good news is still really quite bad

At the dawn of the golden age of television, Friends was probably as good as it got. The show reached its cultural zenith at the wedding of Ross and Emily in which, spoiler alert, Ross says the wrong name at the altar.

Evening Standard

Leading banks ramping up in London – good news for our ‘innovation economy’

City Voices: London is still one of the best places in the world to do business

Evening Standard

World's biggest bank hit by cyberattack, forcing it to trade using USB sticks

The Industrial and Commercial Bank of China has been hit by a cyberattack, forcing it to trade using USB sticks in New York. Also, violent protests continue in Bangladesh over pay for garment workers. Meanwhile, China's International Import Expo wraps up in Shanghai. Plus, the UK has avoided a recession,…

France 24

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Why Germany’s economic miracle is facing a new reality

In 1923, the country was rocked with hyperinflation, now the retreat from globalisation is exposing the fragility of its industrial model

The Guardian - UK

Israel-Gaza war ‘devastating’ Palestine economy, UN warns

Gaza is experiencing ‘unimaginable’ levels of destruction as the Palestinian economy suffers after a month of war.

Al Jazeera

UK economy continues sideways drift with no sign of uplift

Bank of England is unlikely to cut interest rates any time soon and Treasury unlikely to cut taxes due to fear of higher inflation

The Guardian - UK

British economy flatlines in third quarter of the year, update shows ahead of budget statement

The British economy flatlined in the third quarter of the year

The Independent UK

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UK economy stagnates after no growth in latest quarter, figures show

THE UK economy stagnated over the latest quarter with no growth recorded, according to official figures.

The National (Scotland)

Britain's faltering economy flatlined in the third quarter

Britain's economy flatlined in the third quarter of the year meaning that it will miss falling into recession in 2023.

Evening Standard

UK economy flatlines in third quarter amid high interest rates

Zero growth also underlines impact of inflation on consumer spending and business activity

The Guardian - UK

UK a ‘stagnation nation’ after economy fails to grow; Alison Rose to lose £7.6m over Farage row – as it happened

Rolling coverage of the latest economic and financial news, as UK GDP is unchanged in July-Setptember

The Guardian - UK

New UN report paints a picture of the devastation of the collapsing Palestinian economy

A new U.N. report paints a stark picture of the collapsing Palestinian economy after a month of war and Israel’s near total siege of Gaza

The Independent UK

Delivery companies issue warning on workplace laws

Food delivery platforms have warned that planned gig economy changes could lead to higher delivery costs for consumers and fewer jobs.

AAP

Australians won’t experience real income growth until end of 2024, RBA forecasts

Domestic economy ‘more resilient than previously expected’, Reserve Bank says in quarterly statement

The Guardian - AU

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USAFacts

How have oil prices changed in the US?

Oil prices have historically risen over time, but the last two decades have been particularly volatile.

The Hindu

Acknowledge India’s economic successes too

The Indian economy has grown at an impressive rate in the post-COVID-19 years, and the tagline, ‘fastest-growing major economy,’ calls for some elaboration

The Conversation

Sunak's climate shift is out of touch with the demands of the UK's workforce – here's why

Prime Minister Rishi Sunak plans to introduce a bill aimed at granting new oil and gas drilling licences in the North Sea. The proposal was outlined in the 2023 king’s speech to parliament, where he set out the government’s priorities ahead of the next general election.

StockNews.com

3 Consulting Giants Capitalizing on Government Spending

The “knowledge economy” is a hot topic right now, but it has existed in another format for a very long time. Consulting services are growing as knowledge becomes more and more niche and specialized, and governments and businesses alike are turning to outside knowledge for strategy, operations, and IT help…

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The National (Scotland)

Subsea tunnels between Shetland isles 'could boost economy and green ambitions'

Building tunnels to link two islands to the Shetland mainland could help communities and the economy develop and support the move towards carbon…

Fortune

Ingka Group CEO Jesper Brodin says there's no 'middle way' on China—and you can't suddenly de-risk 'if you invest like we do'

Despite a sluggish economy, Brodin said IKEA is committed to China: "You have to take some good years and some bad years from time to time."

Caixin Global

Caixin Summit: Asia’s Young Workforce Helps Control Inflation, BIS Official Says

The region’s agricultural sector and gig economy are also key factors in slowing price growth, Zhang Tao says

The Guardian - UK

UK mortgage arrears rise as high interest rates hit borrowers – as it happened

Major banks are accused of a staggering lack of compassion as more borrowers fall behind on their mortgages

AAP

Bait shortage white-ants bid to end spread of tiny pest

A shortage of baits is frustrating efforts to stop the spread of fire ants, which pose a huge threat to the Australian economy and the environment.

AAP

Banks pass on rate hikes to thrifty home loan customers

Some mortgage holders are already trimming their spending and working extra hours, with the latest rise to put more pressure on households and the economy.

AAP

'Dark cloud' warnings over Queensland resources tax

The resources industry has pumped a record $116.8 billion into Queensland's economy but the state government has been warned it could lose investors.

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