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The Latest Breaking News from Economy

Labour opens huge lead over Tories among female voters

Financial insecurity is driving a 28-point gap in the polls, after decades in which the Conservatives were more trusted with the UK economy

The Guardian - UK

Indian economy shining as beacon of hope in challenging times, says PM Modi

PM Modi hails Moneycontrol's 'Bullish on India' campaign, says India's economy is shining as a beacon of hope, setting stage for optimism. Campaign seeks to analyse key drivers of India's economic growth, foster awareness of nation's potential in face of global economic slowdown.

The Hindu

Urgent need to collaborate on digital security to contain risks: Union Minister Ashwini Vaishnaw

Union Minister Ashwini Vaishnaw said global interconnectedness has created shared security risks, requiring urgent collaboration on digital security. India's G20 presidency has identified three priority areas: digital public infrastructure, security in the digital economy, and digital skilling. These priorities reflect PM Modi's vision of democratising technology, with UPI as a…

The Hindu

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PM Modi seeks a secure digital economy

Prime Minister Narendra Modi, speaking virtually at the meeting of the G20 Ministers of Digital Economy taking place in Bengaluru on August 19, presented India’s diversity as a resource that supports testing and solution of new digital products from all over the world. He said it was necessary to build…

The Hindu

Legendary investor Jeremy Grantham warns a recession is coming and the Fed’s rosy forecast is ‘almost guaranteed to be wrong’

“It’s almost guaranteed to be wrong,” the GMO cofounder told Bloomberg of the Fed’s soft-landing forecast Thursday. “They have never called a recession.”

Fortune

The issue is not about India’s GDP, but its JDP

There is a big dissonance between GDP growth and its translation into actual jobs and incomes for people

The Hindu

Fundamental thinking of India changed: Ashwini Vaishnaw

India's fundamental thinking has changed in last 10 yrs, leading to 1.1 lakh startups. Govt. has shifted from tech transfer to self-reliance. Vande Bharat Express is an example. Startups have raised $130B, current value $450B. Meity received 5000 applications for Global Digital Innovation Challenge, 30 chosen. #Startups #India #G20 #DigitalEconomy…

The Hindu

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GERS shows 'stark evidence of UK mismanagement of Scottish economy', says report

THE latest GERS figures provide “stark evidence” of the consequences of the UK Government’s mismanagement of the Scottish

The National (Scotland)

Here’s the Real Lowdown of Ross Stores’ (ROST) Q2 Report

Although Ross Stores could be an interesting play on the consumer economy, investors need to acknowledge the real story underlining ROST stock.

Barchart

Markets Today: Stocks Retreat Amid China Woes and Soaring Bond Yields

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.66%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.94%, both at 2-month lows. This morning, Stock indexes are under pressure as worries about China’s economy and higher global interest rates dampen market sentiment. Stock...

Barchart

Gen Z and millennial couples say it’s too expensive to get married right now

Young Americans aren’t necessarily opposed to getting married—they just don’t think spending thousands on a wedding is smart in the current economy.

Fortune

Legendary investor Ray Dalio says China is due a debt shake-up

"China is overdue in doing this, so in my opinion, it needs to follow this beautiful deleveraging process now."

Fortune

Labour partly rows back on workers’ rights pledges

Party amends plan to bolster protections for gig economy as it boasts of ‘pro-business’ credentials

The Guardian - UK

Kooragang project will "build the foundation" of Australia's hydrogen economy

The hub will help Orica to transition away from its use of gas.

Newcastle Herald

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The Times of India

RBI: India needs major reforms in food supply management

MUMBAI: India needs to adopt a sound policy on how to store perishables to shield the economy from repeated food price shocks, researchers in the country’s central bank said.

The Independent UK

Labour rows back workers’ rights pledge in latest U-turn

Commitments on precarious and gig economy workers refined by party leadership

The Guardian - UK

Labour changes wording of pledges on workers’ rights as Rayner says party is ‘far from watering down’ policy – as it happened

Deputy leader says party would legislate to improve workers’ rights within 100 days as policy forum tweaks plans for ‘day one’ rights such as sick pay

The National (Scotland)

Humza Yousaf meets Prime Minister of Iceland to discuss possible 'collaborations'

HUMZA Yousaf met with the Prime Minister of Iceland, Katrín Jakobsdóttir, on Thursday.

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The Independent UK

Stock market today: Asian shares mostly decline after Wall Street drops on higher bond yields

Asian shares have slipped as rising yields in the bond market on Wall Street set off expectations that high interest rates would continue in the U.S. Benchmarks fell in Tokyo, Hong Kong, Shanghai and Seoul, and were little changed in Sydney

The Independent UK

Biden’s approval rating on the economy stagnates despite slowing inflation, AP-NORC poll shows

President Joe Biden has devoted the past several weeks to talking up the positive impacts of his policies — but his efforts have yet to meaningfully register with the public

Fortune

China's crashing property sector is world's 'most important' industry right now

If Beijing is forced to step in to save the economy, that might push Fitch Ratings to consider a downgrade, given a debt-to-GDP ratio that's "a little bit on the high side."

TechRadar

Diablo 4 player spends 30 billion gold on a crossbow, in-game economy in shambles

A Diablo 4 duplication exploit (which has now been fixed) sent the game's in-game economy into turmoil.

The Conversation

How gender inequality is hindering Japan's economic growth

Japan’s economy is under pressure from rising energy prices and defence costs and the impact of the pandemic. Plummeting birth rates and an ageing population further threaten the sustainability of its labour market. A 2023 study by independent thinktank the Recruit Works Institute points to a labour supply shortage of…

The Guardian - US

Maui wildfires expose rift over island’s tourism: ‘We’re more vulnerable than anyone admits’

The industry generates 80% of Maui county’s economic activity – but it risks devastating the island’s natural resources

Fortune

What happened to the once-mighty Japan, Inc.?

Japan's Mitsubishi Corporation used to be the world's largest company by revenue. Now it's No. 46.

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