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The Latest Breaking News from Economy

OPINION - The Standard View: London’s visitor economy is booming – now time to ditch the tourist tax

Londoners may occasionally take it for granted, but for millions of people, a visit to the capital represents the highlight of their year. And the city’s tourist economy is “roaring back” to life, according to the Mayor, as research collated by City Hall finds flight bookings and international arrivals have…

Evening Standard

UK recession fears swirl as factory output falls and house prices slide – as it happened

Nationwide reports average house prices fell 3.8% in year to July, biggest annual drop in 14 years, while manufacturers suffer worst month of 2023

The Guardian - UK

Stock market today: Asian benchmarks boosted by Wall Street's latest winning month

Asian shares have mostly risen, boosted by market optimism set off by a Wall Street rally despite lingering worries about regional growth

The Independent UK

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DeSantis Unveils 10-Point Plan To Reshape US Economy, Focus On China

Florida Governor and GOP candidate aims to end China's economic control, address federal spending and education reforms.

Zenger

Is equality compatible with the nuclear family? Alva Gotby proposes a radical politics of friendship

Love is usually framed as romantic and desirable: an intimate connection that’s its own reward. That justifies, perhaps, the toil and hard work that make up much of our lives. But it also disguises how much love is also work: a labour performed disproportionately by women.

The Conversation

RBA interest rates: Australian borrowers given reprieve as Reserve Bank pauses again

The RBA has left the official cash rate on hold at 4.1%, the highest level since 2012, in line with investors’ expectations

The Guardian - AU

Fed’s Kashkari Cautiously Optimistic About US Economy, Expects Soft Landing

American economy digging its way out of inflation pit, says Federal Reserve Bank of Minneapolis president.

Zenger

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Sunak: UK should ‘max out’ developments in North Sea oil and gas

The Prime Minister said the move was best for energy security, the UK economy and the environment.

The Independent UK

Cooking (and heating) without gas: what are the impacts of shifting to all-electric homes?

Gas connections for all new housing and sub-divisions will be banned in Victoria from January 1 next year. The long-term result of the state government’s significant change to planning approvals will be all-electric housing. The ACT made similar changes early this year, in line with a shift away from gas…

The Conversation

The debate on data

Recently, there has been a spate of writing on India’s statistical system and the data produced by it. The ensuing debate has witnessed active participation from within and outside the government.

The Hindu

Jim Cramer Doesn’t Think China Can Deflate With Its ‘Guns And Butter’ Strategy: ‘Lousy Combination’

The Chinese economy has failed to gain any decent momentum following the reopening from stricter COVID-19 lockdowns in Dec

Zenger

Global Factory Production Dips, but Supply Chains Improve: Kiplinger Economic Forecasts

China, along with most nations worldwide, has seen dips in factory production, but supply chains and delivery times have begun to even out.

Kiplinger

Inflation Figures For June Put Stocks In The Ideal Environment

New Highs Amid 'Goldilocks' Scenario: of lower inflation, a stronger economy, good guidance, and good profits

Zenger

Biden’s victory lap is good politics. Cheering is bad economics

Since 1987, the real median family income has grown at one-third the rate of the previous three decades.

Fortune

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The Independent UK

Europe's economy shows modest growth after months of stagnation as rate hikes weigh on businesses

Europe's economy is growing again — but not by much

Caixin Global

Editorial: How to Best Understand an Economic Recovery’s Ups and Downs

Private sector economics forms the backbone of the ongoing recovery. How well these companies do serves as the ultimate yardstick in measuring policy effectiveness

The Independent UK

Stock market today: European shares open mixed after Asia rallies on hopes for Chinese stimulus

Shares have opened mixed in Europe after most Asian markets logged gains on hopes for more stimulus from Beijing for the sluggish Chinese economy

The National (Scotland)

Rishi Sunak announces hundreds of new oil and gas licences for North Sea

THE Prime Minister has confirmed that hundreds of new North Sea oil and gas licences will be granted in the UK.

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The Independent UK

Skepticism prevails as Chinese leaders promise to back private businesses to spur slowing economy

Chinese leader Xi Jinping’s government is promising to drag the economy out of a crisis of confidence aggravated by tensions with Washington, wilting exports, job losses and anxiety among foreign companies about an expanded anti-spying law

The Conversation

More corrupt, fractured and ostracised: how Vladimir Putin has changed Russia in over two decades on top

Vladimir Putin’s own version of history casts himself as modern Russia’s bulwark and champion.

The Hindu

A gender paradox in Tamil Nadu

A woman in Tamil Nadu is likely to be educated, to work, and to find work in a modern sector of the economy. But she is also likely to be paid far lower than men for the same work, and experience segregation in the workplace.

The Conversation

The shift from owning to renting goods is ushering in a new era of consumerism

Today’s consumer landscape is witnessing a pivotal shift away from traditional ownership towards an access-based model. Rather than outright owning goods and services, people prefer to simply have access to them.

Reason

The Chicago Boys' Deal With the Devil

The Chile Project surveys neoliberalism's most polarizing experiment.

The Guardian - US

Where did it all go right for Biden? Facts blunt Republican attack lines

Crime is down, inflation is falling and the border is quiet. Little wonder the House speaker is floating impeachment of the president for … something

The Guardian - UK

A surprise election victory is the last thing the economy needs

New research reveals that lower growth follows general elections that confound the pollsters

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