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'Sharper, longer slowdown' predicted for economy as fifth interest rate hike looms
Australia's economy is set for a “sharper, longer slowdown”, major bank economists say, as the Reserve Bank is forced to keep interest rates higher to rid the nation of persistent inflationary pressures. The RBA is widely expected to…
Italy's mega-concert boom: live music generated €4.3 billion in economic impact in 2025
ROME – Live music in Italy is proving bulletproof. Every indicator in the sector is on the rise. This comes despite controversy over soaring ticket prices, steep booking fees, rampant online scalping, abysmal event conditions, and predatory…
Doubts on AI investment to test Korean economy
Growing concerns over the sustainability of the global artificial intelligence (AI) investment boom are translating into mounting financing pressures on major tech companies, raising fears that a slowdown in AI spending could deal an outsized blow…
Are American voters actually gloomy about the economy?
Polling is looking grim for Republicans ahead of the U.S. midterm elections on November 3, due in large part to deep pessimism among the public about the economy. At first glance, this might seem surprising. With the exception of inflation, many…
APEC China's role to revitalize Asia-Pacific economy
The Asia-Pacific Economic Cooperation (APEC) summit in Shenzhen, China, scheduled for Nov. 18-19, should serve as an event to revive the Asia-Pacific's economic dynamism and unlock the region's enormous potential. In the artificial intelligence…
Everyday Economics: The U.S. economy is undergoing a structural shift
(The Center Square) – The Federal Reserve held interest rates steady last week. But borrowing costs remain elevated, making homes and cars less affordable. Meanwhile, higher energy prices are eroding purchasing power, and weak hiring is…
Quad nations criticize economic coercion, expand AI cooperation
Nov. 1 (Asia Today) -- Foreign ministers from the United States, Japan, Australia and India met Saturday in Atlanta and expressed serious concern about economic coercion involving arbitrary export restrictions and nonmarket policies that create…
Korea, IMF to hold annual consultation on economy, financial policy
Korea will hold an annual consultation session with the International Monetary Fund (IMF) this week to discuss the country's overall economic situation and policies, the finance ministry said Monday. An IMF delegation, led by mission chief Corinne…
Finance minister discusses economic ties, cooperation with US ambassador
Finance Minister Lee Hyoung-il met with U.S. Ambassador to Korea Michelle Steel on Monday to discuss ways to strengthen bilateral economic cooperation, the finance ministry said. During the meeting held at the government complex in Seoul, Lee said…
Asian Currencies Mixed as Investors Await U.S. Economic Data
0037 GMT — Asian currencies are mixed in early morning trading. Investors are focusing on U.S. economic data due this week, including the latest nonfarm payrolls report and ADP private payrolls. The readings will be scrutinized for further…
60 Minutes Transcript: Intense U.S. pressure deepens Cuba's humanitarian, economic crisis
Cuba has been under communist rule since the 1960s. The Cuban government employs most of the country's workers and runs the hospitals and schools. opposition parties are illegal. For decades, a U.S. embargo cut the island off from American trade.
The American Economy Rockets Ahead, but Doesn't Take Everyone With It
The U.S. economy is accelerating, gathering enough momentum from the artificial intelligence boom and robust consumer spending to crash through wars, volatile markets and trade disruptions. Indeed, no major advanced economy has been growing like…
How Rachel Reeves has mapped out economic agenda for Andy Burnham's government
Which senior politician has argued that “Brexit did deep damage” and that the government seeks “not to turn back the clock but to look toward a new and stable, future relationship?” It was not Andy Burnham, who has been…
Mamdani's economy isn't a socialist dream or a capitalist nightmare - but his biggest bets are yet to come
Z ohran Mamdani became mayor of New York City on a simple, focused economic platform: fast and free buses, universal childcare, cheaper groceries, and a rent freeze. His supporters envisioned him ushering in a fresh economic order. His critics…
PPP slams Lee's budget speech for overlooking N. Korea, economic concerns
The main opposition People Power Party (PPP) on Monday criticized President Lee Jae Myung's budget speech for failing to address North Korea's threats and economic concerns, while accusing his administration of excessive spending. PPP lawmakers…
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