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The Latest Breaking News from Economy

Some analysts view the strong 3rd quarter GDP results as a ‘last gasp’ from consumers

“The real question is if the trend can continue in the coming quarters, and we think not,” wrote Jeffery Roach of LPL Financial.

Fortune

Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelines

The Federal Reserve is poised to leave its key interest rate unchanged at a time when the Fed faces an economy that has proved resilient but is nevertheless under pressure from surging interest rates, overseas turmoil and anxious investors

The Independent UK

Chinese factory activity contracts in October as pandemic recovery falters

An official survey of manufacturers shows China’s factory activity contracted in October, suggesting the economy remains on uneven footing

The Independent UK

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Eurozone on brink of recession as economy shrinks by 0.1%; Odey Asset Management winding down – as it happened

Eurozone growth has weakened, as price pressures drop, as high interest rates and weak demand hit Europe’s economy

The Guardian - UK

Stock market today: Asian shares trade mixed as investors look ahead to economic data

Asian shares are trading mixed as investors look ahead to a week that could see more swings in financial markets, including key reports on U.S. consumer confidence and the job market

The Independent UK

Regional Victoria resilient amid cost challenges

Rural and regional Victoria are continuing their recovery after being battered by the economic and social impacts of rising living costs and COVID-19.

AAP

Remains of former Chinese premier Li Keqiang to be cremated and flags to be lowered

State media report the remains of former Chinese premier Li Keqiang are to be cremated on Thursday, with flags around the country to be flown at half-staff to mourn the official who helped guide the world's second-largest economy for a decade

The Independent UK

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China’s billionaires looking to move their cash, and themselves, out

Crackdowns on financiers, roiling political climate and slowing economy under Xi Jinping has many seeking exit plans

The Guardian - UK

Don't Believe Janet Yellen's Shoddy Wartime 'Girl Math'

Plus: President Joe Biden’s weird economy and Rep. Mike Johnson as the unlikely new speaker of the House of Representatives.

Reason

What the EU Doesn’t Get About Economic Security

Shoring up the economy requires not just protecting the technologies of today but promoting those of tomorrow as well.

Foreign Policy

Niger delta is rich in resources, but environmental destruction is pushing people into poverty

Nigeria’s Niger Delta region is rich in natural resources. Its vast oil and gas deposits are the mainstay of the country’s economy.

The Conversation

EU chief says investment plan for Western Balkan candidate members will require reforms

The European Commission’s top official says a decade-long investment package for Western Balkan countries that are seeking to join the bloc could vastly improve the region's economy

The Independent UK

Shift focus from ‘Make in India’ to ‘Made by India’, students told at 73rd annual convocation of Karnatak University

Director for Indo-French Centre for Promotion of Advanced Research Nitin Seth has called upon graduating candidates to play a bigger role in the transformation of the nation by shifting the focus from ‘Make in India’ to ‘Made by India’

The Hindu

Point of No Return

Young Canadians face too many barriers to entry into the job market—an issue that could reverberate through the economy for years to come.

The Walrus

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The Guardian - UK

World Bank warns oil price could soar to record $150 a barrel

Escalation of Israel-Hamas war into Middle East-wide conflict would disrupt oil supplies and stoke food prices, says Bank

The Independent UK

US consumers keep spending despite high prices and their own gloomy outlook. Can it last?

A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour sentiments that Americans themselves have expressed in opinion polls

The Guardian - UK

German economy shrinks; UK remortgaging lowest since 1999; window firm Safestyle enters administration – business live

Rolling coverage of the latest economic and financial news, as German GDP shrinks slightly in the third quarter of the year

The Independent UK

As economy falters, more Chinese migrants take a perilous journey to the US border to seek asylum

A major influx of Chinese migration to the United States on a relatively new and perilous route through Panama's Darién Gap jungle has become increasingly popular thanks to social media

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news in one place.

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The Guardian - AU

Plan to build Aukus submarines in Adelaide is ‘a fairytale’ and ‘pork barrelling’, Alexander Downer says

Former foreign minister says building nuclear submarines at South Australian shipyard will ‘drain the national economy’

AAP

Strong competition as Vic economy ranked nation's best

Economic activity, retail spending and business investment has catapulted Victoria to best performing economy in the nation but it faces stiff competition.

Al Jazeera

‘It’s scary’: Israel war fears batter Lebanon’s struggling economy

Cafe footfall is down 80 percent; tourism has crashed and airlines are cutting flights even before Lebanon enters a war.

The Independent UK

G-7 nations back strong supply chains for energy and food despite global tensions

Trade and economy officials from the Group of Seven wealthy democracies have strengthened their pledge to work together to ensure smooth supply chains for essentials like energy and food despite global uncertainties

Al Jazeera

‘There is zero work’: Occupied West Bank paralysed as economy stalls

Israel-ordered shutdowns and settler attacks in occupied West Bank take devastating toll on Palestinian economy.

The Hindu

Towards a knowledge economy on the back of social progress

Kerala is celebrating its 68th State-formation day on November 1, at a time when the State is on the cusp of a profound transformation into a knowledge society

The Hindu

Fly directly from Chennai to Salem

IndiGo to operate direct flights b/w Chennai and Salem from Oct 29, 2023. Flights to Hyderabad and Bengaluru from Oct 30, 2023. Flight services resumed from Salem airport, promoting tourism and local economy.

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