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The Latest Breaking News from Economy

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.

WEKU

Show us how you can boost our economy' - city council's message to would-be developers

'Can you work with communities, make Salford greener and create jobs?'

Manchester Evening News

Tinubu inherits Nigeria’s high debt – an economist analyses what this means for the country's future

As the 16th president of Nigeria, Bola Ahmed Tinubu inherits an economy that is grappling with inflation, chronic unemployment, extreme poverty, crumbling infrastructure and insecurity.

The Conversation

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London offers a ray of hope in our gloomy economy

City comment: London will be a major contributor to the levelling-up the Government is so keen to achieve

Evening Standard

Traders May Be Overreacting to Less-Than-Ideal News for Intuit (INTU)

Although tax-prep software specialist Intuit delivered a mixed earnings performance and incurs possible governmental competition, INTU stock remains a relevant idea.

Barchart

Millennials and Gen Z say the economy is preventing them from becoming financially independent adults

Most Gen Z and millennials say the state of the economy is “hurting their ability to be a financially independent adult," finds a new Experian survey.

Fortune

Closing race employment gap ‘could add £36bn to economy’

Exclusive: Analysis by Labour Party says closing gap would mean 539,000 extra employees contributing an additional £35.6bn to the UK economy

The Independent UK

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US economic growth for last quarter is revised up to a still-tepid 1.3% annual rate

The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the government said Thursday, a slight upgrade from its initial estimate

The Independent UK

Germany economy shrinks in first quarter, signaling one definition of recession

The German economy has shrunk unexpectedly in the first three months of this year, marking the second quarter of contraction that is one definition of recession

The Independent UK

Editorial: One answer to the migration crisis? Jobs

The Biden administration’s sensible new policy for asylum seekers — requiring them to submit applications in Latin American countries before arriving — seems to have preempted a wave of migration to the border, at least for now. But what about those the US has already legally admitted into the country,…

Tribune News Service

German economy in recession after high prices take toll, revised figures reveal

Updated data shows economy went into reverse in first quarter with GDP falling by 0.3%

The Guardian - UK

German economy goes into recession as GDP shrinks by 0.3% in Q1

BERLIN: The German economy contracted in the first quarter of 2023 compared with the previous three months, thereby entering recession, data from the statistics office showed on Thursday.

The Times of India

German economy minister's office receives envelope with white powder

German Economy Minister Robert Habeck's constituency office said on Thursday it had received an envelope containing a white substance, prompting a large-scale police operation.

Reuters

Singapore economy beats estimates as government warns of risks

Southeast Asian city-state warns of rise in ‘downside risks’ amid rising interest rates, escalation of war in Ukraine.

Al Jazeera

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The Times of India

India poised for world-beating growth, CEA Anantha Nageswaran says

NEW DELHI: India’s strong credit demand and softening crude oil prices could buoy the economy, putting the South Asian country on course for a 6.5% expansion this fiscal year, according to a top adviser to the finance ministry.

Reuters

Sri Lanka president vows to conclude debt-restructuring talks by Sept or Nov

Debt-laden Sri Lanka should be able to conclude a new round of restructuring talks by September or November at the latest, its president said on Thursday, adding that the negotiations had made "remarkable" progress.

Reuters

Mexican president ramps up rhetoric, economic intervention as election nears

Mexican President Andres Manuel Lopez Obrador's increasing attacks on adversaries and interventions in the economy are part of a calculated drive to cement his legacy and consolidate support for his successor in an election next year.

The Independent UK

Charcoal cooking, week-long queues for gasoline: Fuel shortages slam Cuba’s countryside

Cuba’s most recent fuel shortage is crippling an already fragile economy suffering from food and medicine shortages

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Bangkok Post

SCB CIO sees limited impact from stimulus steps

The potential impact of the new government's stimulus measures on the economy is likely to be limited, while the stock market has already factored in risks related to political issues, says the SCB Chief Investment Office (SCB CIO).

Tribune News Service

Commentary: California teaches Florida and Texas a lesson in ESG

Back in 2015 when California had the seventh-largest economy in the world, outperforming the rest of the US, economist Irena Asmundson attributed her native state's trajectory to a government increasingly in harmony with the diversity of its constituents. The cost of clean energy will “continue to fall” because of the…

StockNews.com

3 China Stocks to Watch

China's economy surged forward, surpassing expectations in the first quarter. As the nation unlocks its potential and rebounds from the pandemic, it could be wise to add sound Chinese stocks NetEase (NTES), Yum China (YUMC), and LexinFintech (LX) to your watchlist, which are primed for robust growth. Read on….

The Independent UK

Rachel Reeves aligns Labour with Biden on economy in ‘securonomics’ speech

In a talk at the Peterson Institute in Washington, she also suggested the current Brexit deal would be ‘reviewed’ under a Labour government by 2025.

Daily Mirror

'My wife says it's fine for me to fly First Class without her - but I feel guilty'

A husband has spoken of his dilemma at being offered a seat in first class on a business trip but being unable to bring his wife along with him for the experience

The Guardian - UK

Pay attention to Rachel Reeves: her economic thinking is a return to sanity

The shadow chancellor has a vision for social democracy in an age of economic shocks and uncertainty, says Guardian columnist Martin Kettle

Al Jazeera

‘Where is the logic?’: Georgia will not sanction Russia, says PM

Irakli Garibashvili says Georgian citizens and the nation’s economy would suffer if Tbilisi sanctioned Moscow.

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