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The Latest Breaking News from Economy

UK needs to be put on an economic war footing for the coming recession

Incoming prime minister’s only priority over next few weeks should be to avoid meltdown

The Guardian - UK

Liz Truss: Who is the UK’s new prime minister?

‘Human hand grenade’, seen by many Tories as Johnson continuity figure, confirmed as his successor after leading Rishi Sunak throughout leadership race

The Independent UK

Scientists warn California's entire economy could be wiped out in weeks by 'megaflood'

Devastating floods like those seen in Pakistan and South Africa are likely to become increasingly common, a new paper warns, with a megaflood in California potentially causing eight feet of rainfall in a month

Daily Mirror

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How the jobs summit shifted gender equality from the sidelines to the mainstream

The last time an Australian government hosted a national jobs summit, only one woman was present. It was 1983, and that woman was Susan Ryan, a minister in the Hawke government and the trailblazing architect of the Sex Discrimination Act.

The Conversation

Mortgage holders brace for rates decision

All eyes will be on the Reserve Bank of Australia's official cash rate announcement on Tuesday as new data sheds light on the state of the economy.

AAP

Truss vows ‘immediate action’ on energy bills if she becomes PM

There have been ever-louder calls in recent weeks that the Government intervene to support the most vulnerable, with energy bills set to rise to around £3,500 this winter for the average household

Wales Online

Tory leadership contest favourite Liz Truss vows ‘immediate action’ on energy bills if she becomes PM

"These are tough times and the months ahead will be hard"

Manchester Evening News

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Truss pledges ‘immediate action’ on energy bills if she becomes PM

The Foreign Secretary has said she will be capable of making ‘difficult decisions’ as prime minister

The Independent UK

What is a sustainable economy?

It is important to move to a sustainable economy, but what does that look like?

The Canberra Times

‘Indian economy on a strong wicket’

Likely to continue its first quarter growth rate of 13.5% for the rest of the year: Finance Minister

The Hindu

EU Commissioner says Europe well prepared if Russia keeps the gas turned off

EU Economy Commissioner Paolo Gentiloni said Saturday that the European Union was "well prepared" in the event of a total halt in Russian gas deliveries, thanks to storage capacity and energy-saving measures.

Radio France Internationale

Kansas governor lauds abortion vote but focuses on economy

Kansas' Democratic governor wasted little time after a decisive state vote in favor of abortion rights

The Independent UK

Indonesia hikes fuel prices by 30%, cuts energy subsidies

Fuel prices have increased by about 30% across Indonesia after the government reduced some of the costly subsidies that have kept inflation in Southeast Asia’s largest economy among the world’s lowest

The Independent UK

India overtakes U.K. to become fifth largest economy in the world

With India being the world's fastest growing major economy, its lead over the U.K. will widen in the next few years

The Hindu

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The Independent UK

Liz Truss: Who is the foreign secretary hoping to become prime minister?

‘Human hand grenade’ seen by Tories as Johnson continuity candidate and ahead of Rishi Sunak throughout the race thanks to questionable tax promises and neo-Thatcherite branding

Bangkok Post

New, long visa favours expats

Thailand now has in place measures to lure wealthy foreigners and professionals as part of an effort to boost the economy, Labour Minister Suchart Chomklin has said.

StockNews.com

Why Are Stocks Tilting Bearish Once Again?

The S&P 500 (SPY) rallied 18% from the June lows til they hit a wall in mid August. At first it seemed the reason was simply hitting the resistance level at the 200 day moving average. But really, if we are being honest with ourselves, it is the reawakening to…

The Independent UK

EXPLAINER: 5 key takeaways from the August jobs report

The nation’s job market last month delivered just what the Federal Reserve and nervous investors hoped for: A Goldilocks-style hiring report

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StockNews.com

Just a Pullback or Back in Full Bear Market Mode?

Since testing the 200-day moving average in mid-August, the S&P 500 (SPY) has been in liquidation mode. More importantly, we have retraced more than 50% of the advance that began in mid-June. Is this just a pullback? Or, are we back in bear market mode? This question will be the…

The Times of India

India pips UK to become world's 5th biggest economy

NEW DELHI: India has pipped Britain to become the world’s fifth largest economy. The United Kingdom (UK) slipped to 6th place delivering a further blow to the government in London as it grapples with a brutal cost-of-living shock.

The Hindu

Modi government more interested in pressing reset button for Opposition-ruled States, says Congress

Instead, it needed to chalk out a road map for the ‘reset of the economy’, says Gourav Vallabh

Reuters

Explainer-Next UK leader to inherit an economy in a bind

Britain's next prime minister - who will be announced on Monday - will inherit an economy that is forecast to go into a long recession later this year with inflation at a 40-year high and limits on the options for getting growth going again.

The Independent UK

US economy added 315,000 jobs in August as unemployment rate rose slightly from half-century low

The government reported Friday that the economy added 315,000 jobs last month, down from 526,000 in July

Benzinga

Amazon And 2 Other Stocks Insiders Are Selling

The US economy added 315,000 payrolls in August. Investors, meanwhile, focused on some notable insider trades.

WEKU

The economy added 315,000 jobs, showcasing a labor market that is still strong

U.S. employers added 315,000 jobs in August, while the unemployment rate rose to 3.7% from 3.5% in July. A tight job market gives workers more bargaining power, but it may also fuel inflation.

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