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The Latest Breaking News from Economy

Strikes aren’t bad for the US economy. They’re the best thing that could happen

Auto workers, writers, actors, Starbucks workers, Amazon workers, UPS drivers, flight attendants – labor isn’t a ‘special interest’. It’s all of us

The Guardian - US

Colgate-Palmolive (CL): When Good News Might Be Bad News for the Economy

Institutional love for CL stock suggests potential economic caution as bullish sentiment on essential goods like Colgate-Palmolive might hint at broader market vulnerabilities.

Barchart

UK flatlining economy will grow slower and suffer higher inflation than eurozone in 2023, leading economists

Government accused of leaving Britain ‘stuck in the slow lane’

Evening Standard

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Germany will suffer worst from world economic slowdown, says OECD

Higher interest rates and weaker trade, as well as sluggish growth in China, likely to hit big economies

The Guardian - UK

Sharper China slowdown risks blunting Australian growth

The global economy is expected to keep slowing in response to higher interest rates, forecasts by a major global organisation show.

AAP

Once a global ideal, Germany's economy struggles with an energy shock that's exposing longtime flaws

Germany racked up one economic success after another for most of this century

The Independent UK

Inflation cooling to plan but fuel on RBA's watchlist

The Reserve Bank of Australia appears comfortable with the inflation outlook but there are concerns about petrol prices and a weakening Chinese economy.

AAP

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Stock market today: Asian shares weaker ahead of Federal Reserve interest rate decision

Asian shares are mostly weaker in cautious trading ahead of the Federal Reserve’s looming decision on interest rates

The Independent UK

US companies are the gloomiest in decades about China outlook

American firms in China are the gloomiest they’ve been in decades about the prospect of doing business in the Asian nation over the next few years as geopolitical tensions and the slowing economy hurt sentiment.

The Times of India

Why Janet Yellen isn't worried about the $33 trillion national debt

Yellen looks at one key statistic to determine if the U.S.'s national debt is sustainable, and she says it's "at a very reasonable level.”

Fortune

Global corporate power is 'out of control', but reports of democracy’s death are greatly exaggerated

The past 40 years have seen massive expansion of the dominance of large corporations in the global economy. A wave of neoliberal reforms spread internationally from the 1980s with the promise that deregulated markets would unleash the animal spirits of private enterprise, bringing a new era of growth and prosperity.

The Conversation

In China, Albanese might find an economy as uncertain as Japan's 30 years ago

When Prime Minister Anthony Albanese visits China later this year he will encounter a nation whose future is about as uncertain as it was 50 years ago when Gough Whitlam became the first Australian prime minister to visit in late 1973.

The Conversation

Spinning the numbers while ignoring the threats

Politicians are spending the election campaign weaving all sorts of financial figures into a cloth that suits their narrative – but there's another issue on the horizon that would overshadow everything.

Newsroom.co.nz

Wall Street’s Dr. Doom is sounding downright sunny as he predicts a 'short and shallow’ recession or even no recession at all instead of the epic collapse he saw in 2022

Nouriel Roubini saw a “variant of another Great Depression” less than a year ago, but now he’s open to a soft landing without any recession at all.

Fortune

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The Guardian - UK

Unfortunately for the Tories Liz Truss is the gift that keeps on giving

Almost a year after her disastrous mini-budget, ex-PM says she was right and the economy and everyone else was wrong

The Independent UK

Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'

Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools

The Guardian - UK

Liz Truss blames ‘groupthink’ for economic damage under her watch

While former PM takes some responsibility for markets crisis after mini-budget, she says main fault lay with Bank of England

The Guardian - UK

First Thing: US and Iran expected to complete $6bn prisoner swap deal

Conservationist Morad Tahbaz among prisoners to be swapped in deal involving unfreezing of Iranian oil money. Plus, has the Chinese economy reached its peak?

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The Independent UK

Watch: Liz Truss urges government to cut taxes one year on from disastrous mini-budget

Watch as Liz Truss makes a speech on the economy on Monday (18 September), urging the government to cut taxes in a speech one year after her disastrous mini-budget.

The National (Scotland)

Green MSP 'corrects' BBC reporter twice in clash over road safety

GREEN MSP Mark Ruskell was forced to “correct” a BBC presenter twice during an interview on road safety.

The Guardian - UK

Sunak’s Tories, Starmer’s Labour: Britain is stuck in a doom loop of failed economics. Here’s the way out

We rely on too many old ideas. Governments must foster growth that is innovative and sustainable, says economist Mariana Mazzucato

The Guardian - AU

Peak China? Jobs, local services and welfare strain under economy’s structural faults

Faced with record high youth unemployment and bankrupt local councils, the country’s population is beginning to feel the weight of the economy’s flaws

The Independent UK

Labour demand Sunak block Liz Truss’s resignation honours

Sunak should not reward those ‘who crashed the economy’, Labour said

Newsroom.co.nz

Tone of election to be revealed in big data week

A slowing economy expected out of GDP, trade and consumer confidence

The Hindu

Minister unfurls national flag to mark Kalyana Karnataka Utsav in Bidar

Khandre lauds leaders who fought for Kalyana Karnataka's liberation. 5 guarantee schemes launched by Congress-led govt to improve economic conditions of poor & State economy, increasing GSDP. Procession with portrait of Patel taken out to mark Kalyana Karnataka Utsav. Leaders, students & pro-Kannada orgs participated.

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