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The Latest Breaking News from Economy

CII to do a comprehensive study across Tamil Nadu

CII works to position TN as leader in socio-economic dev. with white paper to help achieve $1 trillion economy by 2030. Questionnaires sent to 400 participants from 15 sectors to get feedback on 12 parameters. White paper to be submitted to TN govt. ahead of GIM. CII to look at…

The Hindu

US applications for jobless claims inch back down as companies hold on to their employees

U.S. applications for unemployment benefits fell slightly last week as businesses continue to retain employees in an economy that has largely withstood rapidly rising interest rates for more than a year

The Independent UK

Mountain view: Bank top economist offers two routes to beating inflation

Huw Pill says he prefers longer, more steady use of interest rates of Table Mountain model over sharp rise and fall of Matterhorn approach

The Guardian - UK

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Exxon: climate goals destined to fail

An expanding population and worldwide economy will drive up energy demand for fossil fuels, per Exxon researchers

Salon

In Japan, a third of today's 18-year-old women may not have children: Study

The number of children in Japan has been falling for more than four decades as the appetite for marriage and parenting has waned and financial worries have grown, surveys show.

The Hindu

The Tories let the City run out of control. Now Labour plans to repeat their mistakes

Deregulation and financialisation cause environmental, economic and social harms – but the party aims to give finance even more power, says Mick McAteer, co-director of The Financial Inclusion Centre

The Guardian - UK

Chinese property firm Country Giant posts record losses, warns of potential default

Chinese real estate group Country Garden has posted record losses of €6.5 billion for the first half of 2023 and warned that it could default on its debt if its financial performance "continues to deteriorate". The news underlined the country's struggling growth, since the property sector may represent as much…

France 24

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Australians may pay ‘tiny bit extra’ on pizza delivery as government announces new gig economy rules

Workplace relations minister says the minimal impact on consumers is a small price to pay for improving rider safety

The Guardian - AU

Services sector fuels India economic growth to fastest in a year

NEW DELHI: India’s economy is expected to shine in its latest report card on strong services growth and a pick up in manufacturing despite elevated interest rates.

The Times of India

Top Stories of the Month: China’s ‘Hidden Debt’ of Local Governments Threatens National Economy

Property slump is undermining borrowers’ ability to repay

Caixin Global

Why I joined 70 economists and human rights experts urging Labour to change course

Labour seems spellbound by the Tories’ economically illiterate cult of austerity – but there is another way to help Britain thrive, says Kate Pickett, co-author of The Spirit Level

The Guardian - UK

National creates a heffalump trap in its tax plan

Tax adviser Craig Macalister runs his rule over National's policies on tax savings and credits and asks, why are there such inconsistencies on trustee tax and commercial property depreciation?

Newsroom.co.nz

Central banks say interest rates will stay high but it's unclear if this will be enough to curb inflation

The US central bank, the Federal Reserve, has recently signalled that it will keep interest rates high for as long as it takes to bring inflation down to its 2% target.

The Conversation

Australia’s gig economy workers set to benefit from minimum pay and protection against ‘unfair deactivation’

Labor bill gives Fair Work Commission power to set minimum standards for hundreds of thousands of ‘employee-like workers’ on digital platforms

The Guardian - AU

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The Guardian - AU

Australia’s greenhouse emissions are a national disgrace that are destroying the planet and costing households

The quarterly emissions data reinforces how much of a joke our 2030 emissions target is

The Guardian - UK

Little evidence of ‘greedflation’ in UK, Bank of England study finds

Bank report says companies making excess profits confined to certain sectors of economy such as energy and retail

StockNews.com

3 Top Rated China Stocks Investors Are Buying Right Now

Despite several obstacles, the Chinese economy has demonstrated remarkable resilience over the past several years. Given the consistent measures undertaken by the nation to keep its economy afloat this year, top-rated Chinese stocks JD.com (JD), Alibaba Group Holding (BABA), and Baidu (BIDU) could be worth investing in now. Read on….

The Independent UK

‘Worst of pain may not be over’: Mortgage approvals drop nearly 10% month-on-month

Experts pointed to the impact of concerns about the wider economy on the housing market for the fall.

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StockNews.com

3 Top Rated China Stocks Investors Are After This Week

The Independent UK

US economic growth for last quarter is revised down to a 2.1% annual rate

The U.S. economy expanded at a 2.1% annual pace from April through June, showing continued resilience in the face of higher borrowing costs for consumers and businesses, the government said in a downgrade from its initial estimate

The Conversation

Gig economy workers set for new protections in Albanese government's legislation introduced next week

A suite of protections for gig workers will be contained in legislation to be introduced into parliament by Workplace Relations Minister Tony Burke next week.

The Independent UK

Germany's Scholz pledges less infighting as his government works to boost the economy

German Chancellor Olaf Scholz is pledging that his government will tone down frequent public infighting that has weighed it down badly in polls as it works to pick up the country’s stagnant economy, Europe’s biggest

The Independent UK

Number of mortgage approvals to home buyers drops by nearly 10% month-on-month

Experts pointed to the impact of concerns about the wider economy on the housing market for the fall.

The National (Scotland)

Brexit and UK Government chaos blamed as Scottish economy stagnates

THE Scottish onshore economy flatlined for two months in a row, according to official estimates, which also showed a small dip in growth over the…

The Week

Novo Nordisk: the pharma giant making Denmark rich from US obesity epidemic

Soaring demand for two weight-loss wonder-drugs developed by a Danish pharmaceutical company is having a knock-on effect on the whole of Denmark’s economy.

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