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The Latest Breaking News from Economy

UK economy ‘will shrink for two years as eurozone and US grow’

Thinktank chief and former Bank MPC member gloomy about stubborn inflation and labour shortages

The Guardian - UK

Federal court rules in favor of Biden ESG retirement rule

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

3 Top Rated China Stocks Catching Investors' Attention

Despite facing numerous challenges and obstacles, the Chinese economy has demonstrated remarkable resilience, consistently achieving robust growth in recent years. Therefore, three top-notch Chinese stocks, Baidu, Inc. (BIDU), Alibaba Group (BABA), and NetEase, Inc. (NTES), which are gaining traction among investors, could be ideal buys. Read more….

StockNews.com

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What Does McDonald's Tell Us About the Economy?

Can we get a read on the economy based on the Big Mac? Oddly enough, there is more than one theory that tells us that is indeed the case.

Barchart

Stocks Retreat on U.S. Economic Concerns

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -1.01%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.78%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.07%. Stocks this morning are moderately lower, with the S&P...

Barchart

Putin oligarch says Russia has weathered sanctions after 'way less' than 30% of the economy collapsed

Oleg Deripaska admitted Russia cannot achieve its objectives, but warned Ukraine would not repel his country's invading forces from its land either.

Fortune

Markets Today: Stocks Slip on Additional Hawkish Fed Comments

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are down -0.41%, and the Dec Nasdaq 100 E-Mini futures (NQZ2 3) are down -0.44%. Stock index futures this morning are moderately lower. Stock markets worldwide are under pressure today on concerns that global central banks will have to keep interest...

Barchart

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GitHub CEO: 'Wall Street relies on software that was developed under Eisenhower. Here’s how AI can prevent the next financial crisis'

COBOL was created in 1959. It still processes $3 trillion of daily commerce and 95% of all ATM card swipes

Fortune

I’m a Tory MP, but I know Rishi Sunak’s claims about the cost of net zero are false

The economy will thrive under the energy transition, not suffer. So why is the government rowing back on its green pledges? asks former energy minister Chris Skidmore

The Guardian - UK

Jamie Dimon says Americans are on a ‘sugar high’ when it comes to the economy—he's urging clients to batten down the hatches

The JPMorgan CEO spelled out what he sees as the worst-case scenario for the U.S. economy, and warned that not everyone would be able to withstand it.

Fortune

Stock market today: Asian shares dip with eyes on the Chinese economy and a possible US shutdown

Asian shares are mostly sinking over worries about a possible U.S. government shutdown and the troubled Chinese economy

The Independent UK

Farmers backed to tackle disasters, drought front on

Farmers and regional Australia are being told to seize the opportunities of the nation's transition to a net-zero economy after warnings of worsening droughts.

AAP

Lib Dem leader Davey to focus on NHS as party conference wraps up

Sir Ed Davey will pledge to ‘fix our economy with care’ in his rallying cry to delegates as he wraps up the party conference in Bournemouth.

The Independent UK

Stocks Recover Early Losses on Soft Landing Optimism for the U.S. Economy

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.40%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.46%. Stocks on Monday recovered from early losses and...

Barchart

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Radio France Internationale

Macron's climate plan set to make France more 'sovereign and competitive'

President Emmanuel Macron says his government's climate plan will help make France more "sovereign", "competitive" and "fair" as it decarbonises the economy. The first step involves tripling the current production of heat pumps over the next four years, followed by measures to reduce emissions in transport and industry.

The Hindu

Monument conservation programme launched

CM Siddaramaiah launched "Our Monument: Our Heritage, Our Identity, Our Pride" campaign to boost tourism & economy. 280 monuments identified for project; 60 lakh women benefitted from free bus travel scheme. MoUs signed for renovation of Venkatappa Art Gallery & project mgmt unit. 3D laser scanning of monuments demonstrated.

Newsroom.co.nz

Grocery reforms do nothing for cost of living, says early adopter Huckleberry

Organic grocer Huckleberry was first to sign up to a government-backed wholesale deal with the big supermarkets – but now says its expansion plans are cramped by economic and political uncertainty. Jonathan Milne reports.

The Independent UK

Interest rates will stay high 'as long as necessary,' the European Central Bank's leader says

The head of the European Central Bank says interest rates will stay high enough to restrict business activity for “as long as necessary” to beat back inflation because upward pressure on prices “remains strong.”

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The Guardian - UK

UK economy hit by ‘renewed signs of stress’ as growth slows; pound at six-month low – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Great British slowdown has hamstrung our economy – thinktank

Country needs successful firms to grow and struggling ones to shrink, says Resolution Foundation

The Guardian - UK

Beijing’s demographic crisis means China could get old before it gets rich

With millennials putting off children due to cost of living pressures, China’s economy could be derailed by its growing number of grey hairs

Newcastle Herald

Hunter and the nation has a lot riding on transition body's success

CRUCIAL LEADERSHIP: Combet ready to set out body's purpose and path

Newsroom.co.nz

Political and business leaders still living in Fantasyland

The idea we can hit net zero targets and grow the economy just isn't real and will hit the wall, says Rob Campbell

Newsroom.co.nz

Economy bounces back after flooding, but primary industries fall

Business & investing: NZ economists warn better-than-expected GDP data likely to be temporary, and US Federal Reserve held its benchmark interest rate steady for a second time

The Guardian - AU

Albanese government pledges $41m for six Tafe centres of excellence and more higher apprenticeships

White paper to be released on Monday promises new policy initiatives including national skills passport

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