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The Latest Breaking News from Economy

US Retail Sales Remain Flat In April

Recent data shows stagnant retail sales in the US, raising concerns about the economy and consumer spending habits.

Top News

Southwest monsoon to reach Kerala around May 31

Southwest monsoon arrival in Kerala crucial for India's economy, expected around May 31 with above-normal rainfall forecasted.

The Hindu

Pressure coming off RBA as jobs market loses some heat

The Australian workforce is expanding faster than employers are opening up new positions, which should help the Reserve Bank in its fight against inflation.

AAP

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Rachel Reeves should be brave and stop blaming the economy

Letters: There are alternatives to continued austerity – look at Labour’s achievements in 1945, writes Derrick Joad, while Pete Lavender advises against Thatcherite economics

The Guardian - UK

Putin Heads To Beijing Seeking Greater Support For War Effort

Russian President Vladimir Putin arrives in China on Thursday to meet his "dear friend" Xi Jinping as he seeks to win greater support from Beijing for his war effort in Ukraine and his isolated economy.

International Business Times

Breaking Down Non-U.S. E-Commerce Giants: PDD vs. JD

Despite the weakening real estate sector and other macro challenges, the Chinese economy has demonstrated remarkable resilience, as highlighted by GDP growth of 5.3% in the first quarter, beating market expectations. Amid this, let’s analyze PDD Holdings (PDD) and JD.com (JD) to determine which is the better non-U.S. stock pick.…

StockNews.com

T.N. government highlights schemes launched by CM, says they have improved livelihoods of people

Tamil Nadu government's schemes under CM M. K. Stalin boost economy, improve livelihoods, and focus on education and infrastructure.

The Hindu

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Calling all UK pension funds - your country needs you!

Jeremy Hunt must do more this week at Dorneywood to stop the hugely damaging flight from UK equities

Evening Standard

EU Cuts Inflation Forecast For 2024 Despite Uncertainty

The European Commission expects inflation to fall to 2.5 percent in 2024, down from a previous forecast of 2.7 percent -- news that will be welcomed by the European Central Bank (ECB).

International Business Times

Intensifying war increasing threat to Ukraine economy, EBRD warns

European Bank for Reconstruction and Development cuts growth forecasts for regions it operates in, saying war ‘casting long shadow’

The Guardian - UK

Wholesale Prices Increase Ahead Of Projections As Inflation Fight Rages

The Federal Reserve's multi-year battle with inflation continues to grind on the U.S. economy after Tuesday's data revealed a higher-than-expected increase in the Producer Price Index.

International Business Times

US Economy: Is Consumerism Being Curbed?

A few key economic indicator markets seem to be telling us the consumerism that has underpinned the US economy could be waning.

Barchart

Russia’s defence rejig: ‘Unfortunately for Ukraine, a very effective move’

Analysts predict Andrei Belousov will boost Russia’s military-industrial complex as Kyiv’s forces struggle on the front.

Al Jazeera

2024 budget delivers minor surplus but deficits loom over economy as Australia’s spending ramps up

Major shortfalls predicted over next two years as Jim Chalmers downplays potential for inflationary pressures

The Guardian - AU

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The Guardian - AU

Australia budget 2024: the six graphs you need to see

A surplus matters less than what choices the government makes in its budget – here’s what Jim Chalmers’ statement tells us

AAP

Value-added: back to a future made in Australia's mines

Mining and refining is central to the budget's plan for Australia to hold its own in a global economy beset by fierce competition for sovereign production.

The Guardian - UK

UK unemployment may not reach its worst, but economic rebound will stall

Failure to cut interest rates will take money out of the system, hitting businesses such as hospitality

Top News

Kremlin Appoints Economist As Defense Minister Amid Military Reshuffle

Defense Minister Sergei Shoigu replaced by Andrei Belousov to align military spending with economy amidst Ukraine conflict. Belousov's appointment signifie...

France 24

Could Russia take Ukraine's second city? Putin on the offensive

Moscow has opened a new front with Ukraine after taking several villages near Kharkiv. Russia’s spring offensive takes form as President Vladimir Putin replaces defence minister Sergei Shoigu with another Kremlin loyalist – Andrei Belousov, the deputy prime minister in charge of the economy.

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