Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Historic Shift Underway in China's Economy as Investment Slump Deepens
For the past three decades, as China's economy has developed into a global powerhouse, investment has grown reliably each year. That is about to change. This year, China's investments in assets like new factories, public infrastructure and housing…
What IndiGo Airline's Meltdown Reveals About India's Economy
The complex schedules that tied together 2,700 daily arrivals and departures at IndiGo, India's biggest airline, started to fray in November, when a rule mandating more rest for flight crews went into effect. Last week they unraveled completely:…
UK economy shrank unexpectedly in October - BBC News
The UK's economy shrank unexpectedly in October, according to the latest official figures. The economy contracted by 0.1%, the Office for National Statistics (ONS) said, whereas economists had been expecting it to grow by 0.1%. Over the three…
Economy was in the red even BEFORE Chancellor's tax-bomb Budget
Recession fears were fuelled today as official figures showed the economy slipping into the red even before Rachel Reeves ' tax-bomb Budget. GDP was down 0.1 per cent in October, defying hopes of a bounceback following a 0.1 per cent decline in…
What Does the Oil Tanker Seizure Mean for Venezuela's Economy?
An oil tanker docked at Cardon Refinery in Venezuela, in 2021.Credit...Adriana Loureiro Fernandez for The New York Times Listen to this article · 5:58 min Learn more The U.S. seizure of an oil tanker off the coast of Venezuela laid bare a…
UK economy shrank unexpectedly before budget, data shows
GDP fell by 0.1% in October as activity failed to regain momentum after cyber-attack on Jaguar Land Rover Britain's economy unexpectedly shrank in October before Rachel Reeves's budget, official figures show, as activity failed to regain momentum…
Revealed: Economy shrank 0.1% in October amid Budget leaks chaos
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The UK economy shrank by 0.1% in October, it…
FTSE 100 Live: UK economy contracts, Card Factory profit warning
The surprise 0.1% contraction in the economy in October fuels expectations that the Bank of England will cut interest rates by 0.25% to 3.75% on Thursday. The GDP figure compared with City forecasts for growth of 0.1%. Capital Economics said:…
Irish economy at risk from 'global shocks', ESRI report warns
Sign up for our email featuring expert insight and funding opportunities for entrepreneurs and SMEs I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Ireland's reliance on multinationals and…
Beyond Hyperscalers: How Neoclouds Are Redefining The Economics Of GenAI
Nishanth Billa, Executive Director at Santander Corporate & Investment Banking, advising on M&A and Strategy with focus on Technology. Generative AI (GenAI) has turned compute into one of the world's scarcest commodities. The hyperscalers (AWS…
UK economy contracts for second month running in October
The UK's economy contracted for the second month running in October, defying expectations for a rebound as car manufacturing only made a slight recovery from the Jaguar Land Recovery cyberattack. The Office for National Statistics (ONS) said gross…
Pre-Budget jitters blamed for surprise contraction in economy
Chancellor Rachel Reeves has come under further pressure as pre- Budget worries and tax hike speculation was widely blamed for an unexpected contraction in the economy during October. Official figures showed the UK economy shrank for the second…
Hong Kong stocks advance as Beijing vows to bolster economy at key conference
Hong Kong stocks rose on Friday as traders positioned for additional growth-supportive measures after Beijing vowed to strengthen the domestic market to buffer against external headwinds at its annual central economic work conference. The Hang Seng…
Hong Kong Sevens injected almost US$100 million into economy on Kai Tak debut
This year's Cathay/HSBC Hong Kong Sevens pumped almost US$100 million into the city's economy, according to a report from leading global analytics firm Nielsen. Held at Kai Tak Stadium for the first time, the three-day event in March had a total…
UK economy unexpectedly shrank in October in fresh blow for Rachel Reeves
The UK economy shrunk by 0.1 per cent in October in a fresh blow for embattled chancellor Rachel Reeves. The Office for National Statistics (ONS) published its latest GDP figures for the month of October on Friday morning, which revealed that the…
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