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The Latest Breaking News from Economy

‘We need power’: Zimbabweans hope for end to blackouts as election nears

For many businesses in Zimbabwe where the economy is in free fall, electricity outages have been the norm for years.

Al Jazeera

Rouble recovers after Russia reportedly turns screws on exporters – as it happened

Rouble rises 2% against dollar after Russia decides against capital controls and opts for informal agreement with exporters to help stabilise the currency, according to reports

The Guardian - UK

Foreign funds flee China stocks in record selling streak

BEIJING: Daily outflows of overseas funds from Chinese stocks are on course to tie a record streak amid worsening sentiment on the nation’s economy and the government’s efforts to get it back on track.

The Times of India

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Argentina presidential frontrunner calls China an ‘assassin’

Argentina’s presidential frontrunner Javier Milei would freeze relations with China and pull South America’s second-biggest economy out of the Mercosur trade bloc with Brazil, foreign policy proposals that are as radical as his economics.

The Times of India

China's government tries to defuse economic fears after real estate developer's debt struggle

China’s government is trying to reassure jittery homebuyers after a major real estate developer missed a payment on its multibillion-dollar debt, reviving fears about the industry’s shaky finances and their impact on the struggling Chinese economy

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

The Independent UK

In a first, Ecuador to vote on oil drilling in the Amazon

To some, Ecuador's jungle is a home and a valuable tool in fighting climate change, to others, it is a vital solution to a struggling economy.

Radio France Internationale

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Australian unemployment rate rises to 3.7% as economy sheds 14,600 jobs in July

Latest jobless rate higher than economists predicted, Bureau of Statistics unemployment figures show

The Guardian - AU

ALP national conference day one – as it happened

This blog is now closed.

The Guardian - AU

Schumer says Inflation Reduction Act provides contrast with Republicans in 2024

The Senate majority leader concedes it will take time for law's full impact to be felt, but says its effect is "cumulative" and Democratic candidates would be persistent in touting the law.

WEKU

The Guardian view on inflation: stop hitting homebuyers and squeeze the super-rich

Editorial: Interest rates are too blunt an instrument for an economy so finely balanced. It’s time to use taxes

The Guardian - UK

Pelosi, Schumer play the hits as Biden celebrates reconciliation law

Biden said a sweeping tax, climate and health care law passed last year is making the economy stronger, despite contrary public opinion.

Roll Call

Pay rises should be a ‘reward for productivity’, says Rishi Sunak

Prime minister also calls for wage growth to be sustainable to help economy grow

The Guardian - UK

All the milk in China can't avert farm-fed economic downturn

Farmers are already tightening their belts – but now the realisation is seeping through the wider business community that the whole economy will suffer the impact of lower milk, lamb and timber demand. Jonathan Milne reports.

Newsroom.co.nz

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USAFacts

The Producer Price Index: What it is and why it matters

The PPI monitors approximately 10,000 monthly product indexes, offering valuable insights into the economic well-being from the seller's standpoint.

Capital & Main

Tales of a Second Generation Hourly Worker

Family needs and the lack of a safety net add to a college graduate’s struggle to rise from California’s low-wage economy.

The National (Scotland)

UK economy faces 'very real risk' of recession despite inflation slowing, experts say

ECONOMISTS have warned that the UK faces a “very real risk” of recession due to higher interest rates - despite inflation slowing to its lowest…

Barchart

Is Buying Copper on Price Weakness a Winning Strategy?

It is virtually impossible to pick a bottom when the price of any asset is in a bearish trend. Copper corrected 37.1% from the March 2022 high, reaching a low four months later in July 2022. Copper futures have mostly been consolidating below the midpoint of the $3.15 to $5.01…

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The National (Scotland)

Three key takeaways for Scotland from GERS 2023 – from top SNP Cabinet Secretary

SCOTLAND’S Wellbeing Economy Secretary has given his three key takeaways from the publication of the annual GERS figures ...

The Week

The collapse of the Russian rouble

The Russian rouble has fallen to its lowest value in 16 months, heralding a potential crisis for Vladimir Putin and raising questions about his country’s ability to continue to wage war.

The Independent UK

What is inflation and what is its current rate in the UK and Europe?

Slowdown in price rises comes as somewhat of a relief to families struggling amidst cost of living crisis

The Independent UK

Indonesia's leader says it can join leading economies by 2045 if it continues educational reforms

Indonesia’s president has urged a continuation of his educational reforms to turn Southeast Asia’s largest economy into one of the world’s biggest by its hundredth anniversary in 2045

Evening Standard

China deflation: why are prices going down?

Beijing denies it is in a ‘deflation’ but figures suggest economic struggle

The Independent UK

Russia’s ruble has tumbled. What does it mean for the wartime economy?

The Russian ruble has fallen a long way in recent months, and the country's central bank is stepping in to halt the slide

WEKU

China's economic woes keep getting worse. Here's why

China has seen a series of disappointing economic data this year. UBS' Tao Wang explains what went wrong with the anticipated recovery after China's tough COVID restrictions, and what could come next.

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Luiz Inacio Lula da Silva

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