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The Latest Breaking News from Economy

Top 10 places in the UK for a night out on the town and the 10 WORST - see full list

Brighton has been named the best place for a night out in the UK, followed by Bath and York - while Slough, Basildon and Bracknell scored quite low on Public First's Night Out Index

Daily Mirror

'Tory chaos' means Labour won't be able to do everything we want, warns Rachel Reeves

The Shadow Chancellor said Labour's housebuilding plan would put rocket boosters under the industry as the party focuses on stabilising the economy

Daily Mirror

Southeast Asia's Belt and Road paved with promises

China's Belt and Road Initiative changed the face of Southeast Asia with projects connecting the region. But some countries face more risks than others, writes Irawan Hartono

Newsroom.co.nz

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Chancellor downplays tax cuts and admits calming inflation tougher than feared

The Chancellor said he must ‘double down’ to bring down prices rather than increase demand in the economy

Evening Standard

Jobs Market vs. Stock Market?

Did you notice how much the S&P 500 (SPY) moved this week on the various employment reports? That’s because the health of employment tells us a lot about the health of the economy, likely future Fed actions and what that all means for the stock market. Read on below for…

StockNews.com

3 things that could still go wrong for the U.S. economy, Bank of America’s chief economist says

Despite recent bullish economic data, Michael Gapen says he still expects a “mild recession” by the start of 2024.

Fortune

The job market is cooling but still surprisingly strong. Is that a good thing?

U.S. employers added 209,000 jobs in June. That's a solid number, but fewer than the month before. Here are the 5 things we took away from the report.

WEKU

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Econometer: Will restarting student loan payments hurt the economy?

Student loan interest rates and payments are set to restart in the fall, and the Supreme Court decided recently to scrap President Biden's debt relief plan.

Tribune News Service

Auto review: Driving the cheapest new car in America: the 2023 Nissan Versa sedan

America has become a nation of truck drivers, enamored with the thought of driving a 2-ton, all-wheel drive monstrosity with all the visual grace of a large appliance box.

Tribune News Service

A celebrated jobs miss on Wall Street: Cooler labor market allays fears over red-hot payrolls as White House crows of ‘Bidenomics in action’

Slow and steady wins the race, and a 209,000 jobs number that missed expectations was actually sweet music for the Street.

Fortune

Jobs Report Shows Pace of Hiring Slowed Sharply in June: What the Experts Are Saying

A mixed jobs report won't keep the Fed from raising interest rates later this month, the pros say.

Kiplinger

Employers slowed hiring but still added a solid 209,000 jobs in June in sign of economy’s resilience

The June hiring figure showed a small increase, but many companies like Rockford-based firm Fehr Graham are still looking to staff up.

Chicago Sun-Times

Missions v priorities: how Starmer’s policy goals compare with Sunak’s

As the Labour leader completes his key pledges, we compare them with the prime minister’s – and assess how firm they are

The Guardian - UK

Despite Mounting Fears, EPR Properties (EPR) Makes a Compelling Bullish Case

Although the consumer economy undergirding EPR Properties faces rising risks, the latest market rumblings could also benefit EPR stock.

Barchart

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The Guardian - UK

Greater Manchester is revolutionising technical education – whether London likes it or not

Government disdain for our region’s new baccalaureate proves that it knows little about what our young people need, says Greater Manchester mayor Andy Burnham

The Independent UK

US economy adds 209,000 jobs, unemployment rate stays the same

The economy adds fewer jobs than expected in June as President Joe Biden touts ‘Bidenomics’

Axios

U.S. economy adds 209,000 jobs in June

The unemployment rate edged down to 3.6%.

Kiplinger

China’s Economy Slows, Shows No Clear Signs of Improvement: Kiplinger Economic Forecasts

China’s economy has slowed due to fewer exports, a dwindling housing market and less consumer spending.

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The Times of India

Karnataka CM Siddaramaiah slams Centre for price rise, blames previous BJP govt in state for 'deteriorating' economy

BENGALURU: Karnataka Chief Minister Siddaramaiah on Friday slammed the Centre for "failing to control steep price rise", and hit out at the previous BJP government for "deteriorating" the state's economy.

The Hindu

“Not asking Punjab for anything, in fact they do not have anything to give,” says Himachal Pradesh CM Sukhvinder Singh Sukhu

In an exclusive interview with The Hindu, Himachal Pradesh CM Sukhvinder Singh Sukhu says his government had inherited a legacy debt of over ₹75,000 crore from the previous BJP regime and, to revive the economy, is focusing on harnessing hydro, hydrogen, and solar energy resources, besides adhering to fiscal discipline.

Los Angeles Times

Michael Hiltzik: Bidenomics has been a boon for working class voters. Why don't they give him credit?

No one doubts that the fiscal buzzword of the moment is "Bidenomics." The question at hand is whether President Joe Biden will be able to wear it proudly as a badge, or his Republican adversaries will hang it around his neck like an albatross.

The Hindu

India is not 'extractive economy' and is not pursuing 'narrow economic activities' in Africa: Jaishankar

External Affairs Minister S. Jaishankar, on his visit to Tanzania, said that unlike some other countries, India is not “an extractive economy” and it was not pursuing “narrow economic activities” in the resource-rich African continent

The Independent UK

Stock market today: Asian shares fall as strong US data dash hopes for an end to rate hikes

Asian shares have slipped after another decline on Wall Street, where hopes for an end to interest rate hikes have been shaken by strong economic data

The Independent UK

Bank of England warned 7 per cent interest rates would send shock wave through housing market

A leading economist says there is ‘no need to panic’ as Britain is ‘not in an 07-08 scenario’

The Independent UK

US jobs report likely to show a solid gain, potentially complicating Fed's drive to cool inflation

Another solid month of hiring in the United States is expected to be reported Friday, an outcome that would suggest no recession is in sight yet could make it harder for the Federal Reserve to succeed in its drive to cool the economy and curb high inflation

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