Britain is betting everything on historic tax cuts and loans, investors scare

Register now for FREE unlimited access to Reuters.com Register Kwarteng lowers top income tax rate for growth Huge increase in UK sovereign debt issuance planned Stamps suffer worst malaise in decades Pound falls to new 37-year low against dollar LONDON, Sept. 23 (Reuters) – Britain’s new Chancellor of the Exchequer, Kwasi Kwarteng, on Friday unleashed … Read more

Frugal is the new cool for young Chinese as the economy falters

BEIJING, Sept. 19 (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: new car, bigger apartment, fine dining on weekends and vacations on tropical islands. Instead, the 39-year-old Shanghai marketing consultant is one of many Chinese in their twenties and thirties who are cutting back and saving money … Read more

Crown Prince launches national gaming and esports strategy

Report Saudi Gazette JEDDAH — Crown Prince Mohammed bin Salman, deputy prime minister, defense minister and chairman of the Council for Economic and Development Affairs (CEDA), on Thursday unveiled the National Gaming and Esports Strategy that aims to make Saudi Arabia the global hub for gaming and esports. industry by 2030. The strategy, which marks … Read more

Fed is ready for another 75 basis point rate hike; early pivot unlikely: Reuters poll

Woman holds US dollar banknotes in this image, taken May 30, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register BENGALURU, Sept 13 (Reuters) – The Federal Reserve is set to hike another 75 basis point rate hike next week and is likely to keep its key rate stable for an extended … Read more

EU sees tax on fossil fuel companies to help consumers survive energy crisis

Register now for FREE unlimited access to Reuters.com Register BRUSSELS, Sept 12 (Reuters) – Fossil fuel companies may have to share their excess profits to help European households and industries cope with red-hot energy bills, a draft European Union plan showed Monday as the cost of the “energy war” of the West with Russia took … Read more

Canada’s real problem isn’t job loss, it’s the rush to retire

Register now for FREE unlimited access to Reuters.com Register OTTAWA, Sept. 11 (Reuters) – More than a year after the Great Resignation took place in the United States, Canada is grappling with its own grayer version: The Great Retirement. Canada’s workforce grew in August, but has declined in the past two months and remains smaller … Read more

What is GDP? Where is it from?

It’s a single song with a huge amount of meaning. The makers have warned people not to give it the meaning it has today, but those warnings have been forgotten. We also suffer. I’m going to show you where “GDP” comes from, what it means, and how it’s calculated. By the end, hopefully, the number … Read more

The Australian economy grew strongly in the first half of the year, before interest rates rose

According to the Australian Bureau of Statistics’ gross domestic product, the Australian economy grew by 0.9 percent and 3.6 percent in the June quarter. Most important points: GDP grew 0.9 percent in the quarter and 3.6 percent for the full year Increased spending on travel and hospitality accounted for much of the gains along with … Read more

Europe heads for recession as cost of living rises

Register now for FREE unlimited access to Reuters.com Register LONDON, Sept. 5 (Reuters) – The euro zone is almost certain to enter a recession, with surveys on Monday pointing to a deepening cost of living crisis and bleak outlook keeping consumers wary of spending. While price pressures have eased somewhat, surveys say they have remained … Read more

Bank of Canada expected to push interest rates into restrictive territory

A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie/File Photo Register now for FREE unlimited access to Reuters.com Register OTTAWA, Sept. 1 (Reuters) – The Bank of Canada is widely expected to implement another outrageous rate hike next week, pushing key rates into restrictive territory … Read more