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The Latest Breaking News from Economy

Freedom Caucus threatens gov't shutdown

Right-wingers accused of trying to "tank the economy" ahead of 2024 election

Salon

Facebook Faces Expulsion From Thailand For Failing To Crack Down On Scams

Minister of DES, stated his willingness to ask the courts to order Facebook to stop operating by the end of this month.

Zenger

Israel-Singapore Talks Focus On Boosting Trade

Deputy Prime Minister Heng Swee Keat and Israeli Economy and Industry Minister Nir Barkat met to discuss bilateral ties and trade.

Zenger

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Zimbabwe election: Can Nelson Chamisa win? He appeals to young voters but the odds are stacked against him

Nelson Chamisa, the 45-year-old leader of Zimbabwe’s main opposition party, the Citizens Coalition for Change (CCC), is making a second bid to be Zimbabwe’s next president.

The Conversation

UK factory output tumbles to lowest level in nearly three years

CBI data showing slowdown in activity is latest sign Bank interest rate rises are slowing economy

The Guardian - UK

BRICS summit of emerging economies gets under way without Putin

BRICS leaders meet in South Africa on Tuesday as the loose association of major emerging economies seeks to assert its voice as a counterweight to Western dominance in global affairs. The so-called BRICS nations -- Brazil, Russia, India, China and South Africa -- represent a quarter of the global economy,…

France 24

North Korea's Kim lambasts premier over flooding, possible bid to shift blame for bad economy

North Korea says leader Kim Jong Un has severely rebuked his premier and other senior officials over their “irresponsible” response to recent flooding that inundated farmlands

The Independent UK

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Zimbabwe goes to polls amid deepening economic crisis

Promises to get inflation and unemployment on track after decades of Mugabe rule have failed to materialise

The Guardian - UK

Invasive blue crabs threaten economy of whole regions of Italy, official say

Crustacean native to Americas is devastating shellfish production in Po delta, where it has no natural predators

The Guardian - UK

Danish defense minister swaps places with economy minister days after donation of F-16s to Ukraine

The defense and economy ministers in Denmark’s centrist government have swapped places

The Independent UK

Size, population, GDP: The BRICS nations in numbers

Officials from Brazil, Russia, India, China and South Africa gather in Johannesburg on Tuesday for a three-day BRICS summit, a five-nation club comprising 40% of the world’s population and more than 25 percent of global GDP that positions itself as an economic counterweight to the West. Almost 15 years on…

France 24

Fat cat bosses enjoy £500m pay rise as CEO salaries soar during cost of living crisis

Britain now ‘land of grotesque extremes’, say unions as wage gap widens

The Independent UK

Keir Starmer: I wouldn’t be able to go to university today

Labour leader says sluggish economy has driven up prices and is holding back students and apprentices

The Guardian - UK

New water plan announced – as it happened

This blog is now closed.

The Guardian - AU

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Fortune

Amazon dusts off the low-wage labor playbook for the creator economy

As Amazon ramps up its efforts to become a bigger player in the creator economy, it's turning to its longstanding playbook for gaining market share.

The Guardian - UK

The Guardian view on the Chinese economy: it looks bad. What we can’t see may be worse

Editorial: Political tightening and an anti-espionage law make it harder for outsiders to gauge the situation. How accurately can insiders do so?

The Independent UK

Nigerian leader swears in 45-member Cabinet with a promise to fast-track reforms

Nigerian President Bola Tinubu has sworn in a new Cabinet of 45 ministers with a promise to fast-track reforms aimed at improving lives in Africa’s biggest economy and most populous country

The Guardian - UK

The government’s ‘Treasury brain’ has got the UK in an economic mess. How can we cure it?

Despite all the evidence that privatisation has been a disaster and investment is needed, the department remains in thrall to discredited financial orthodoxy, says Fran Boait of campaign group Positive Money

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StockNews.com

Amazon.com (AMZN) vs. Meta Platforms (META): Which Stock Is Holding Strong in This Economy?

The internet industry has a promising future, driven by rising internet usage and changing consumer needs. While leading internet stocks Amazon.com (AMZN) and Meta Platforms (META) should benefit, let us analyze which stock exhibits strength in this economy.

The Guardian - AU

Essential poll: three in four Australians say rents should be capped to inflation or frozen until economy improves

Housing tussle between Labor and the Greens does not impact PM’s popularity with 37% feeling positive about Anthony Albanese

Al Jazeera

UAE says not flouting ally sanctions as its economy warms to Russia

WSJ claims the UAE is benefitting from the war in Ukraine, providing a refuge for Russian money.

Al Jazeera

‘My Fears and Hatred’: Navalny lambasts the 1990s democrats of Russia

Jailed opposition leader slams those charged with rebuilding Russia’s politics and economy after the Soviet collapse.

The Conversation

Intergenerational report to warn of slow growth and pressures on revenue

New extracts released ahead of the government’s Intergenerational Report show it warns Australia’s economy will grow more slowly in the coming 40 years than in previous decades.

The Independent UK

Protests rock government-held areas in southern Syria as economy crumbles

Syrian opposition activists say protests have broken out in two government-held provinces in the south amid widespread anger over increasing prices, the crash of the Syrian pound and the dwindling purchasing power of many people in the war-torn country

France 24

China's central bank cut a key interest rate to boost loans, but investors expected more

The People's Bank of China announced it was cutting its key one-year interest rate for the second time in three months on Monday, but left its five-year rate unchanged. The move comes as China's economy has struggled to recover from the impact of the pandemic. The move has defied expectations…

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