Aussies hit pause again as global rate hike race appears over October 3, 2023 The Australian Central Bank appears to have brought to an end its aggressive rate hike cycle
IMF warns on unsustainable rising debt burden from climate change policies October 2, 2023 Policies to tackle climate change could send debt to unsustainable levels unless governments are able to find new revenue sources, the International Monetary Fund (IMF) warned today.
Manufacturing slide continues in wake of market uncertainty October 2, 2023 Rob Dobson, director at S&P Global Market Intelligence, said: “September saw the manufacturing sector still mired in contraction territory, as weak conditions at home and abroad hit new order intakes and led to a further scaling back of production volumes."
Should we be paying more attention to the money supply in fight against inflation? October 2, 2023 The surge in inflation over the past few years caught most central banks and many economists by surprise.
US Congress averts government shutdown, passing stopgap bill October 1, 2023 The US Congress has managed to avert a government shutdown after it passed a stopgap funding bill late on Saturday, which received overwhelming Democratic support.
Rising interest rates weigh on business confidence but glimmers of hope remain October 1, 2023 Business confidence remained subdued in September as the impact of rising interest rates weighed heavily on economic activity.
China: Manufacturing activity returns to expansion amid hopes economy is stabilising September 30, 2023 China's factory activity expanded for the first time in six months in September, an official survey showed on Saturday, adding to a run of indicators suggesting the world's second-largest economy has begun to bottom out.
US government shutdown imminent after Republicans reject own funding bill September 30, 2023 Hardline Republicans in the US House of Representatives on Friday rejected a bill proposed by their leader to temporarily fund the government, making it all but certain that federal agencies will partially shut down beginning on Sunday.
Chancellor says welfare reforms and AI could help end ‘ever-rising taxes’ September 30, 2023 Chancellor Jeremy Hunt has said welfare reforms and the integration of artificial intelligence into the public sector could be the way to end the “vicious circle of ever-rising taxes”.
Why Britain is no friend of capitalism September 29, 2023 Britain has been a home to free marketeers for centuries. Yet the public don’t seem to want them, writes Dr Rainer Zitelmann in this guest essay for City A.M. You might have thought that the home of Adam Smith, a raft of prominent economists and indeed Margaret Thatcher would have a rose-tinted view of capitalism – or [...]