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The Latest Breaking News from Economy

Nearly 3 in 5 U.S. adults are lonely–and it could be one of the biggest under-the-radar issues the economy is facing

Chronic loneliness rewires our brains, produces harmful inflammation, and fuels nearly every dangerous disease in the book.

Fortune

U.S. economy hotter than policymakers would like

Friday's data raises big questions about what's ahead for the Federal Reserve.

Axios

Europe's largest economy has been in a recession for 6 months and nobody noticed

While the German stock exchange was busy reaching new all-time highs, consumers faced with high inflation went on strike, crippling the economy.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Class war, aspiration and the politics of property: the heated debate over the Victorian budget

The Liberal party has successfully prosecuted Labor for stifling aspiration for decades, but it may not work in in this economy

The Guardian - AU

Washington inching closer to debt deal

WASHINGTON: Democrats and Republicans inched towards a deal on Friday, ahead of a long weekend, to extend the US debt ceiling and avoid a crippling default that could hit the world's biggest economy within days.

Bangkok Post

Scottish Government Minister hits out at 'glass exemption' plan for deposit return scheme

Circular economy minister Lorna Slater said the reported UK Government proposal would “ride roughshod over the devolution settlement”.

Daily Record

Nicola Sturgeon weighs in on devolution row with UK Government over DRS glass ban

The former first minister made the comments after Circular Economy minister Lorna Slater blasted the move as showing “utter disregard for…

The National (Scotland)

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UK's Treasury chief accepts that recession may be necessary to get inflation down

Britain’s Treasury chief says he would be prepared to see the British economy slip back into recession if further interest rate hikes are necessary to bring down inflation

The Independent UK

Reconomy Group buys Nottinghamshire-based UK Waste Solutions

UK Waste Solutions employs 160 people and owns brands including Novati, AMA, Click Waste UK and Evolution

Birmingham Post

A measure of inflation that is closely tracked by the Federal Reserve increased in April

A key index of U.S. prices ticked higher in April as consumer spending rebounded, a sign that inflationary pressures in the economy remain high

The Independent UK

Nigerians look to president-elect Tinubu for economic turnaround

Voters have been let down before, wonder if Bola Tinubu will be able to fix systemic issues in Africa’s largest economy.

Al Jazeera

Skyline Swansea would bring 100 jobs and £84m boost to local economy, says report

The Skyline Swansea project has been proposed by New Zealand company Skyline Enterprises

Birmingham Post

Turkey election: What do Erdogan and Kilicdaroglu have to offer?

Here is a rundown of presidential candidates’ promises and rhetoric on issues such as security, refugees and economy.

Al Jazeera

Stock market today: Asian markets mixed as US government debt talks push toward brink of default

Asian markets have turned mostly higher as a deadline looms for Congress to reach a deal on the U.S. government debt or face a potentially damaging default

The Independent UK

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GamesRadar

Tears of the Kingdom patch removes every known variant of the game's duplication glitches

The Hyrulian economy can live another day

Evening Standard

Retail sales rebound as high street beats ‘cataclysmic predictions’, but economists warn slowdown still coming

Growth was ahead of expectations at 0.5%, according to today’s official figures

The Independent UK

As electric cars boom, locals fear Chinese battery plant will harm land in drought-stricken Hungary

Residents, environmentalists and opposition politicians in eastern Hungary are worried that a sprawling battery factory will exacerbate existing environmental problems and hit the country’s precious water supplies

Dynamite News

Indian economy to surpass 7 per cent growth in FY 23: SBI research report

The Indian economy is on track to surpass 7 per cent growth rate in Fiscal Year 2023 with manufacturing being the key driver, according to a report released by the State Bank of India. Read further on Dynamite News

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news in one place.

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The Times of India

Indian economy to surpass 7% growth in FY 23: SBI research report

NEW DELHI: The Indian economy is on track to surpass 7 per cent growth rate in Fiscal Year 2023 with manufacturing being the key driver, according to a report released by the State Bank of India.

Reuters

Argentina VP says IMF hinders growth in Revolution Day speech

Argentine Vice President Cristina Fernandez de Kirchner slammed the International Monetary Fund (IMF) on Thursday, saying that the program agreed to with the multinational lender is holding back the country's economy.

Reuters

Cuba says no quick fix as economic crisis drags on

There is no quick fix for Cuba's sputtering economy, its economy minister said on Thursday, as inflation, fuel shortages, plunging farm production and a cash crunch drag on output and continue to fan discontent in the communist-run island nation.

The Hindu

Economics that looks at lower half of the pyramid

The model of economic growth that has guided national and international policies since the 1990s will not create healthy democracies

Reuters

Only half of Germans see Scholz's coalition surviving as policy differences mount

Only half of Germans believe the ruling government coalition will hold until the end of its legislative period, a survey showed on Thursday, as arguments among the three parties over climate policy and budget intensify and voter support withers.

Wales Online

Swansea Skyline project would create 100 jobs and generate £84m for city economy over 15 years - says report

It includes plans for a gondola (cable car) route, gravity-fuelled Luge ride, a zipline, a sky swing, new walking and mountain bike trails, and food and drink outlets on Kilvey Hill

WEKU

Germany's economy contracts, signaling a recession

The German economy shrank unexpectedly in the first three months of this year, marking the second quarter of contraction that is one definition of recession. High inflation hit consumer spending.

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