Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
China's economic growth picks up as AI boom boosts exports
China's economic growth picked up in the three months to the end of September, rebounding from a three-year low as the artificial intelligence (AI) boom helped boost exports. The world's second largest economy grew by 4.5% in the third quarter, up…
China's economy accelerates on robust exports as domestic weakness persists
HONG KONG — China said Monday that its economy grew 4.5% for the July-September quarter from a year earlier fueled by robust exports, moving closer to meeting its official annual growth target as the year nears its end and at a time when its…
Burnham warns of Neets-fuelled 'economic catastrophe and moral failure
Prime Minister Andy Burnham has warned the UK faces an 'economic catastrophe and moral failure' due to the nearly one million young people not in education, employment or training. Writing in the Times newspaper, Burnham has laid out his case for…
China's Economy Expanded 4.5% in Third Quarter, Powered by Exports
China's economic growth picked up in the third quarter, recovering from a three-year low as booming exports mitigate a deepening economic slowdown at home. Gross domestic product expanded 4.5% in the period between July and September compared with…
Wright defends waiving sanctions: 'It's not an economic lifeline for Russia'
Energy Secretary Chris Wright on Sunday backed President Trump's move to waive sanctions against Russia under a new legislation package, insisting that it is “not an economic lifeline” for Russia. “This is an incentive to…
Why Huye's economic potential remains largely untapped
Huye has many of the ingredients needed for a thriving local economy: a large student population, fertile agricultural land, cultural and tourism attractions, a growing industrial base and proximity to regional markets. Yet much of that potential…
China's economy grew 4.5% in the previous quarter, better than forecasts
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China's economy picks up pace in Q3 as exports power uneven recovery
BEIJING — China's economy grew faster than expected in the third quarter as a surge in exports and strong factory activity offset persistent weakness in domestic demand, easing pressure on policymakers to roll out more forceful stimulus…
Further rate rises risk tipping economy 'over the edge'
The chief economist of the nation's biggest bank has warned the Reserve Bank could crash the economy if it pushes up interest rates much further amid signs oil prices could be stuck above $US100 a barrel in the run-up to Christmas, adding to…
Soaring AI companies create lopsided US economy
Experts warn AI's dominance of the US stock market is creating risks all of its own. At last month's White House AI Summit, some of the richest individuals on earth were clustered around US President Donald Trump. Each of them had built their…
China's economy grew 4.5% in the previous quarter, fueled by robust exports
HONG KONG (AP) — China on Monday said its economy grew 4.5% for the July-September quarter from a year ago fueled by robust exports, moving closer to meeting its official annual growth target as the year nears its end at a time when its…
Australia's productivity problem may be overstated as services dominate economy
Australia's long-running productivity crisis is coming under fresh scrutiny as economists question whether conventional statistics are accurately measuring improvements across a services-dominated economy. More than 60% of Australian economic…
China's economic growth accelerates to 4.5% in third quarter
Oct 19 (Reuters) – China's economic growth rebounded to 4.5% year-on-year in the third quarter, beating expectations and easing the pressure on policymakers for delivering more aggressive stimulus measures to meet the annual target. The…
The cost of putting off an economic reckoning is looming
Procrastination. As your correspondent can attest, it's an easy trap to fall into. Prioritise another task to avoid something more difficult or unpleasant, even though you know you'll eventually need to do the thing you've been putting off, and it…
China's economy grew 4.5% last quarter, yet its export boom risks being 'a drag on world growth'
China on Monday said its economy grew 4.5% for the July-September quarter from a year ago fueled by robust exports, moving closer to meeting its official annual growth target as the year nears its end and at a time when its trading partners felt an…
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