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The Latest Breaking News from Economy

Argentina ‘puts a limit on madness’ as resurgent Peronists stall Milei’s rise

Soft-spoken Sergio Massa’s campaigning strategy pays off while voters seem to pull back from libertarian rival – but who will win the runoff?

The Guardian - US

Billionaire hedge funder Bill Ackman is suddenly more worried about a ‘slowing’ economy than inflation—and he’s putting his money where his mouth is

“The economy is slowing faster than recent data suggests,” Ackman warned in a Monday post on X, formerly Twitter.

Fortune

The most famous recession predictor of them all has been warning of a downturn—here's how you can prepare

The inverted yield curve has predicted nearly every recession in the past few decades. It’s been inverted since last year but where is the downturn?

Fortune

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read the most diverse news in one place.

NZ sharemarket on verge of bear market

Business & investing: The NZX50 has fallen 19.5 percent since January 2021, meaning it is likely to be grizzly this week. Andrew Patterson reports.

Newsroom.co.nz

Chainsaw-wielding populist pushed to run-off by economy minister in Argentina’s presidential vote

Javier Milei – a political outsider – was the pre-vote favourite, but will face a run-off against Sergio Massa

The Independent UK

Saudi crown prince Mohammed bin Salman’s 2030 growth plan bears fruit as Hyundai inks deal to join Lucid as next carmaker in the Gulf

As the IEA predicts global demand for transport fuels will peak in 2026, the Saudi monarchy is in a race to diversify its economy by the end of the decade.

Fortune

India will remain fastest-growing major economy in FY'24: Finance Ministry report

India to remain fastest-growing major economy in FY24; domestic macro fundamentals strong, global headwinds and weather uncertainties pose downside risks. India's outlook bolstered by strong domestic fundamentals, investment demand, industrial growth, reservoir levels and forex reserves.

The Hindu

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Argentina's economy takes centre stage in presidential election

Voters in Argentina have picked two candidates for November's presidential run-off, as the country faces economic turmoil. Centre-left economy minister Sergio Massa will be facing libertarian populist Javier Milei, and the pair have very different views on how Argentina's economy should be handled. We take a closer look. Also, Chinese…

France 24

Argentina election: Economy minister Sergio Massa faces run-off vote with far-right candidate Javier Milei

Far-right candidate places second in Argentinian elections despite polling predictions

Evening Standard

China rattles foreign firms again with arrests, Foxconn probe

BEIJING: Chinese authorities are again shaking the confidence of foreign companies in the country with a series of arrests across industries and an investigation into Foxconn Technology Group, Apple Inc’s most important partner and one of the largest employers in China.

The Times of India

Argentine economy minister bags surprise win over chainsaw-wielding populist in presidential poll

Economy Minister Sergio Massa produced a big surprise by finishing first in the opening round of Argentina’s presidential election, reflecting voters’ wariness about handing the presidency to his chief rival, a right-wing populist who upended national politics and pledged to drastically diminish the state.

France 24

China's economy: Mystery packed in lies

Everyone knows that China's economic data is much worse than the official numbers. Just how big are the lies?

Salon

Tory minister labelled 'delusional' for economy claim in BBC interview

ROBERT Jenrick has been labelled “delusional” for comments he made about the economy on the Sunday With Laura Kuenssberg show.

The National (Scotland)

Argentine economy minister upsets populist as they head to presidential runoff

Sergio Massa surprised Sunday night by finishing on top in the first round of Argentina's presidential election, reflecting voters' wariness about handing the presidency to a right-wing populist.

WEKU

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The Conversation

Canada’s health-care crisis is gendered: How the burden of care falls to women

As we enter cold, flu and COVID season, Canada is continuing to experience a health-care crisis. One in six Canadians don’t have a family doctor and less than 50 per cent are able to see a primary care provider on the same or next day. Both the B.C. Nurses Union…

The Conversation

The 23andMe data breach reveals the vulnerabilities of our interconnected data

On Oct. 6, news broke that 23andMe, the Google-owned company that collects genetic material from thousands of people for ancestry and genetic predisposition tests, had a massive data breach.

The Guardian - UK

As a global energy crisis returns, the UK push for a green economy makes even more sense

Rishi Sunak’s decision to dilute net zero policies has become even more shortsighted

Salon

What '80s kids also remember

Unlike Reagan's economy, trickle-down fear works. It trickles down into everything — into the way we see the world

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The Guardian - UK

Cruises, golf and private health: how baby boomer spending has kept UK inflation stubbornly high

The postwar generation has benefited from good pensions and now interest rate rises, but while its spending has boosted the economy, it has many downsides – not least prices

The Times of India

Inflation, economy lead US voters to trust Trump more than Biden: Poll

WASHINGTON: Voters in seven swing states are feeling the pain of rising prices for household essentials, according to a Bloomberg News and Morning Consult poll that points to trouble for President Joe Biden’s effort to make the economy a centerpiece of his bid for a second term.

InsideEVs

Tesla To Take Its Time Building New Plant In Mexico Amid Economy Woes

Tesla is moving forward on plans to build the Giga Mexico plant, but the company is not in a rush to do so because of worries about the global economy.

The Conversation

How the Israel-Hamas war could affect the world economy and worsen global trade tensions

Global geopolitical tensions often play a pivotal role in shaping people’s perceptions of economic growth. Research shows concern about such issues can cause people and businesses to become more cautious about spending and investing, which can ultimately lead to economic recession.

Chicago Sun-Times

In Israel-Hamas war, there’s growing talk of a potential impact on oil prices

Human life and destruction are top concerns. But a possible rise in oil prices could affect world economics and politics, especially the re-election prospects of President Joe Biden.

Evening Standard

Drop in retail sales and public borrowing show double-edged impact of interest rate hikes

Alarm bells are ringing more loudly than the tills in the run up to the Autumn Statement and Christmas

The Independent UK

Here for a rave, not a Rönnskär: How Drumsheds built a superclub inside an old Ikea

The 15,000-capacity space in Tottenham is set to become the country’s biggest dance venue – just dont call it a superclub. Isobel Lewis speaks with the Drumsheds director about his ‘new centre of cultural gravity’ and sets out to see what all the fuss is about

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