01Via The GuardianChecked today⏱ 2 min readTech market sell-off deepens amid fears over US inflation and AI debtChip makers and tech investors such as Samsung and SoftBank plunge as potential interest rate hikes spook markets Business news – live updates Larry Elliott: the global economy is muddling through. But a storm is coming An accelerating sell-off of AI-linked shares has hit global markets, as fears over rising inflation and future interest rate hikes spooked traders already wary of the heavily indebted sector. South Korea’s benchmark Kospi 200 index, which is heavily skewed towards the companies that make memory chips, fell more than 8% overnight to a six-month closing low, triggering circuit breakers that brought trading to a halt at various points. Continue reading...Start reading →
01Via The GuardianChecked today⏱ 2 min readICJ judge Navi Pillay wins Nobel peace prize for promoting international lawCommittee recognises work of South African who chaired UN commission that concluded Israel was guilty of genocide in Gaza The Nobel peace prize has been awarded to Navi Pillay, the South African former UN human rights chief who chaired the UN commission that concluded Israel was guilty of genocide in Gaza . The Norwegian Nobel committee said Pillay, who is serving as a judge at the international court of justice (ICJ), has “shown that legal measures can help prevent acts of war and violence”. Continue reading...Start reading →
02Via PBSChecked today⏱ 2 min readFundraising to protect key natural sites falls short ahead of UN biodiversity summitEfforts to raise hundreds of billions of dollars to preserve the world's oceans, forests, rivers, lakes and other parts of the natural world have fallen short ahead of a key U.N. summit on biodiversity.Start reading →
03Via PBSChecked today⏱ 2 min readAmerica's politically divided Jewish community braces for Israel's electionsNetanyahu's supporters, especially among Orthodox Jews, believe he's protecting a country they love as central to their identity. Many liberal and younger Jewish Americans believe his policies have harmed Israel's global standing.Start reading →
04Via BBC NewsChecked today⏱ 2 min readShip attack reports near Hormuz reach record high as oil exports slowBBC Verify analysis of data from a UK maritime agency shows 12 vessels were struck in a week.Start reading →
01Via The GuardianChecked today⏱ 2 min read‘People’s dignity, and democracy, is at stake’: meet the economist ditching ideology for realityExclusive: Isabella Weber prescribes a common-sense solution to poverty, inequality and fascism – making life’s essentials affordable for all The trouble with economists, Isabella Weber believes, is they do not behave like dentists. They obsess over ideological purity and are inflexible when searching for solutions, regardless of society’s symptoms. Dentists have no such pretensions – patients have little patience for dogma when in insufferable pain. John Maynard Keynes, Weber clarifies in the canteen of the Wissenschaftskolleg zu Berlin (Berlin’s Institute for Advanced Study), was the first to draw this dental comparison – and she is running with it. As she sees it, the symptoms could not be more severe. “The status quo for the majority is entirely unbearable,” while extreme inequality and corporate concentration has reached levels “simply incompatible with democracy” worldwide. This is exacerbated by a climate crisis that “generates massive windfall profits” for big business as the “ecological foundations of our lives disintegrate”. All the while the far right is making hay. Continue reading...Start reading →
02Via The GuardianChecked today⏱ 2 min readBrazilian Amazon deforestation falls to lowest on record as pivotal vote loomsForest clearance at smallest total since records began in 1988 in success for Lula ahead of presidential run-off Deforestation in the Brazilian Amazon has fallen to its lowest level since records began, new government data shows. But whether this globally important success is maintained or reversed is on a knife edge ahead of a presidential election run-off on 25 October between two candidates with sharply different visions for the future of the rainforest and how that affects relations with the US under Donald Trump. Continue reading...Start reading →
03Via PBSChecked today⏱ 2 min readEconomist breaks down new inflation report and what's driving prices higherWith the midterm elections just three weeks away, a new inflation report shows prices rising faster than expected, putting more pressure on Americans struggling with the cost of everyday essentials. To discuss what the latest numbers mean for Americans, Amna Nawaz spoke with Heather Long, vice president and chief economist at Navy Federal Credit Union.Start reading →
04Via The GuardianChecked today⏱ 2 min readKey US voters say economy is getting worse ahead of midterms, exclusive poll findsNearly 61% believe country is in recession and 65% of independents say economy is worse, according to new Harris poll Tell us: what is your personal ‘recession indicator’? With the midterm elections less than three weeks away, key voting groups including independents, rural voters and even some Republicans are increasingly disenchanted with Donald Trump’s economy, according to an exclusive Harris poll for the Guardian. The majority of those surveyed were pessimistic about the economy, with three-quarters of Americans saying they are concerned about a recession while 61% wrongly believe that the US is already experiencing one. By its typical definition, the US is not currently experiencing a recession. Continue reading...Start reading →
01Via PBSChecked today⏱ 2 min readFed chair Warsh says price stability is key but shies away from signals about ratesFederal Reserve Chairman Kevin Warsh said Friday he won't prejudge what the U.S. central bank will do about interest rates at its upcoming meetings in October and December.Start reading →
02Via PBSChecked today⏱ 2 min readWholesale inflation hits levels not seen since 2022Wholesale inflation rose more than expected last month on a big jump in fuel costs as rising prices become a bigger economic challenge for millions of Americans, and a growing political problem for Republicans in the upcoming midterm elections.Start reading →
03Via The GuardianChecked today⏱ 2 min readUS inflation rose to 3.7% in September in blow to Republicans before midtermsFinal inflation report before voters go to polls comes amid widespread anger over cost of living under Trump Send us your questions on how the US economy is shaping the midterm elections Republicans are entering the midterm elections with the highest rate of inflation since the spring, according to a government report released on Wednesday. US price increases reached an annual rate of 3.7% in September, according to the latest data from the Bureau of Labor Statistics, up from 3.4% in August. This final inflation report before the pivotal midterm elections comes amid polls showing widespread dissatisfaction with the Trump administration over the cost of living. Continue reading...Start reading →
04Via PBSChecked today⏱ 2 min readHow much longer will consumers be willing to muscle through higher prices?High gas prices are intensifying inflation and vacuuming up more of Americans' dollars, yet consumers are still digging deep to spend, powering the economy, at least for nowStart reading →
