Economy Industry News

A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

nytimes.com - Daisuke Wakabayashi - Historic Shift Underway in China's Economy as Investment Slump Deepens
Historic Shift Underway in China's Economy as Investment Slump Deepens
The New York Times

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…

nytimes.com - Alex Travelli - What IndiGo Airline's Meltdown Reveals About India's Economy
What IndiGo Airline's Meltdown Reveals About India's Economy
The New York Times

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:…

bbc.co.uk - Rachel Clun - UK economy shrank unexpectedly in October - BBC News
UK economy shrank unexpectedly in October - BBC News
BBC

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…

dailymail.co.uk - James Tapsfield, Uk Political Editor - Economy was in the red even BEFORE Chancellor's tax-bomb Budget
Economy was in the red even BEFORE Chancellor's tax-bomb Budget
Mail Online

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…

nytimes.com - Simon Romero - What Does the Oil Tanker Seizure Mean for Venezuela's Economy?
What Does the Oil Tanker Seizure Mean for Venezuela's Economy?
The New York Times

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…

theguardian.com - Richard Partington - UK economy shrank unexpectedly before budget, data shows
UK economy shrank unexpectedly before budget, data shows
The Guardian

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…

standard.co.uk - Michael Howie - Revealed: Economy shrank 0.1% in October amid Budget leaks chaos
Revealed: Economy shrank 0.1% in October amid Budget leaks chaos
Evening Standard

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…

standard.co.uk - Graeme Evans - FTSE 100 Live: UK economy contracts, Card Factory profit warning
FTSE 100 Live: UK economy contracts, Card Factory profit warning
Evening Standard

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:…

standard.co.uk - Bairbre Holmes - Irish economy at risk from 'global shocks', ESRI report warns
Irish economy at risk from 'global shocks', ESRI report warns
Evening Standard

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…

forbes.com - Nishanth Billa - Beyond Hyperscalers: How Neoclouds Are Redefining The Economics Of GenAI
Beyond Hyperscalers: How Neoclouds Are Redefining The Economics Of GenAI
Forbes

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…

independent.co.uk - Holly Williams - UK economy contracts for second month running in October
UK economy contracts for second month running in October
The Independent

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…

independent.co.uk - Holly Williams - Pre-Budget jitters blamed for surprise contraction in economy
Pre-Budget jitters blamed for surprise contraction in economy
The Independent

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…

scmp.com - Yulu Ao - Hong Kong stocks advance as Beijing vows to bolster economy at key conference
Hong Kong stocks advance as Beijing vows to bolster economy at key conference
South China Morning Post

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…

scmp.com - SCMP Sport - Hong Kong Sevens injected almost US$100 million into economy on Kai Tak debut
Hong Kong Sevens injected almost US$100 million into economy on Kai Tak debut
South China Morning Post

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…

independent.co.uk - Harriette Boucher - UK economy unexpectedly shrank in October in fresh blow for Rachel Reeves
UK economy unexpectedly shrank in October in fresh blow for Rachel Reeves
The Independent

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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