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The Latest Breaking News from Economy

The Business Roundtable's closely-watched survey shows Corporate America is getting increasingly cautious about the economy.

Axios

Edinburgh Street Assist desperately raising money for new patient transport

Street Assist work to keep members of the public safe during the night time economy hours of the weekends and their service often takes pressure off of stretched emergency services like the police and ambulance services.

Edinburgh Live

2 Georgia Republican candidates, two different views on economy

ATLANTA — U.S. Senate hopeful Herschel Walker paints a bleak picture of the economy: soaring inflation, high taxes and wasteful government spending. But listen to Gov. Brian Kemp and a far different image emerges, one where jobs are being created and investment is flourishing.

Tribune News Service

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Digital Bank Wio Launches in UAE

State-backed digital bank Wio announced Tuesday its official launch in the United Arab Emirates, becoming the first platform bank in the region. This step aims to transform banking operating models towards a more digital future. It comes in line with the UAE’s Digital Economy Strategy that aims to double the…

Asharq Al-Awsat

Wall Street sees biggest sell-off since June 2020 on back of US inflation data

A slight increase in US consumer prices for the month of August has ignited fears of more Federal Reserve moves to curb inflation. An earlier drop in US markets had a knock-on effect on Asian marketplaces this Wednesday. Asked about the issue, Joe Biden responded by saying that the stock…

France 24

U.S. to move $3.5 billion in Afghan central bank assets to Swiss-based trust

The United States on Wednesday announced that it would transfer $3.5 billion in Afghan central bank assets into a new Swiss-based trust fund that will be shielded from the Taliban and used to help stabilize Afghanistan's collapsed economy.

Reuters

How a freight train strike could throw your plans to travel by train off track

Freight railroads could stop rolling at midnight Friday if negotiators don't stop a looming strike over working conditions. Congress could end a strike quickly, but a brief shutdown hurts the economy.

WEKU

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Small businesses call for help amid soaring bills

Firms say it does not feel like the economy is growing as energy and raw material costs rise.

The Independent UK

SDAIA Sign Global Strategic Agreements in AI Solutions

The Saudi Data and Artificial Intelligence Authority (SDAIA) signed Tuesday several agreements to develop AI solutions locally and globally and accelerate the adoption of this technology in the Circular Carbon Economy. The Ministry of Energy and SDAIA signed a strategic agreement with IBM to accelerate the adoption of the Circular…

Asharq Al-Awsat

Analysis-China poised to shake up economic leadership as reformers bow out

China's ruling Communist Party sets the stage next month for the biggest overhaul of its economic leadership in a decade, with a generation of reform-minded policymakers expected to step down amid worsening growth prospects.

Reuters

UK inflation eases to 9.9% but remains close to 40-year high – as it happened

Inflation eases because of a fall in petrol prices while food prices rise at fastest rate since mid-2008, driven by milk, cheese and eggs

The Guardian - UK

Yemen’s Alimi in Germany to Pressure Houthis, Garner Support

Chairman of Yemen’s Presidential Leadership Council Dr. Rashad al-Alimi traveled to Germany on Tuesday on an official visit aimed at intensifying pressure on the Iran-backed Houthi militias to accept peace. He is also seeking to garner support for Yemen’s economy and development, official sources said on Tuesday. Alimi’s visit will…

Asharq Al-Awsat

Recession threat looms as UK grinds to a halt to mourn Queen

Bank holiday for state funeral could send productivity plummeting at a time when country is struggling for growth

The Guardian - UK

Aust tipped to be powerful 'electro state'

A leading Australian scientist says the longstanding imperative to change the country's "dig and ship" economy has intensified.

AAP

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The Independent UK

Asian shares fall, tracking Wall St dismay over price data

Asian markets have skidded lower after Wall Street fell the most since June 2020 as a report showed inflation has kept a surprisingly strong grip on the U.S. economy

The Independent UK

Biden insists US economy ‘going to be fine’ after stock market plummets amid reports of continued inflation

Unemployment remains low, the president said

Bangkok Post

Thailand's northern residential market rebounds to pre-Covid levels

The residential market in key northern provinces is reviving to pre-Covid levels following a recovery in tourism, which is boosting the local economy, though higher development costs remain a concern.

Tribune News Service

Inflation surprise puts onus on Fed to hit brakes even harder

The U.S. economy has shown surprising resilience in the face of the fastest inflation and interest-rate hikes in a generation. That means the Federal Reserve will have to stomp even harder on demand.

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Bangkok Post

Sentiment improves as recovery gathers pace

Consumer confidence picked up for the third straight month in August, helped by growing exports, recovering tourism, and improved business activities following the relaxation of pandemic restrictions.

The Guardian - UK

How is Liz Truss’s government challenging ‘Treasury orthodoxy’?

Sir Tom Scholar’s removal as Treasury’s top mandarin signals attempt to change department’s view of the world

StockNews.com

2 Potential Paths for the Stock Market

Labor Day is the unofficial end of summer. It's time to buckle down and get serious for the last 3 months of the year before things once again go on hiatus during the second half of December. Given the onslaught of news and historical developments, there's no reason to expect…

Reuters

Exclusive-Germany drawing up new China trade policy, vows 'no more naivety'

Germany's economy minister said on Tuesday the government was working on a new trade policy with China to reduce dependence on Chinese raw materials, batteries and semiconductors, promising "no more naivety" in trade dealings with Beijing.

The Hindu

India not defending INR; Rupee can take care of itself: Chief Economic Advisor Anantha Nageswaran

Chief Economic Advisor V. Anantha Nageswaran said the Rupee is being managed in a manner that reflects the fundamentals of the economy.

Nottingham Post

Update as search takes place to find buyer for Doncaster Sheffield Airport

Over 2,700 jobs could be at risk

The Times of India

Ravi Bishnoi has got age on his side; should now perform to become undroppable: Sunil Gavaskar

NEW DELHI: With his sharp googly and attacking mindset, young leg-spinner Ravi Bishnoi has been one of the finds for India in T20Is this year. Since his debut against the West Indies in Kolkata this year, where he bagged the 'Player of the Match' award, Bishnoi has picked 16 wickets…

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