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The Latest Breaking News from Economy

UK economy not ‘out of the woods’, says Barclays boss after bank’s record profit

Venkatakrishnan says bank remains cautious about months ahead despite first-quarter profit of £2.6bn

The Guardian - UK

Stock Index Futures Move Higher as Investors Await Key U.S. GDP Data, Meta Surges on Upbeat Earnings

June S&P 500 futures (ESM23) are up +0.46%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.79% this morning as market participants digested consensus-beating results from Meta Platforms while awaiting U.S. GDP reading to gauge the strength of the U.S. economy.

Barchart

The U.S. economy is losing steam. Bank woes and other hurdles are to blame.

The country's GDP growth is slowing as banks cut back on credit and the Federal Reserve tries to crack down on inflation.

WEKU

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

Here’s Why Everyone Is Jetting To Euro Summer Despite The Cooked Economy

Expedia flight data is showing that winter getaways are up 250% this year, indicating a massive travel boom in August.

Pedestrian.tv

US economic growth likely slowed in January-March quarter

Despite surging interest rates, punishing inflation and global turbulence, the U.S. economy stood firm last year

The Independent UK

Jobless young Chinese seek solace in temples, tale of failed scholar

Queues stretch hundreds of metres around temples in China on weekends, as despondent young worshippers pray to find jobs in an economy slowly clawing its way back from the coronavirus pandemic.

Reuters

Britain’s poor record on health costs economy £43bn a year, says report

Thinktank urges ministers to make reducing long-term sickness health equivalent of drive for net zero

The Guardian - UK

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Exports value dips for sixth month in a row

Though Thai exports fell for a sixth consecutive month in March and the global economy remains sluggish, the Commerce Ministry remains confident shipments can meet the growth target of 1-2% this year.

Bangkok Post

Crude Prices Sink as U.S. Banking Woes May Undercut the Economy

June WTI crude oil (CLM23 ) on Wednesday closed down -2.77 (-3.59%), and June RBOB gasoline (RBM23 ) closed down -4.58 (-1.79%). Crude oil and gasoline prices Wednesday sold off sharply, with crude falling to a 3-1/2 week low and gasoline tumbling to a 5-week low. Energy prices are under...

Barchart

Argentina: A desperate search for a door as currency tumbles

Antonela Massarelli desperately needed a front door for a new house she and her family will be moving into this weekend in a Buenos Aires suburb

The Independent UK

Virtual digital assets, India’s stand and the way ahead

As far as regulating virtual digital assets is concerned, a progressive regulatory framework will instil the animal spirit in India’s innovation economy

The Hindu

Explainer-Biden 2024: His record so far on the economy, immigration, civil rights

Incumbent President Joe Biden entered the 2024 election race on Tuesday with something he didn't have two-and-a-half years ago: a record in the White House.

Reuters

The Bank of England is wrong again: workers aren’t to blame for inflation

Why should we ‘accept we’re worse off’, when corporate greed and global shortages are really to blame, asks James Meadway of the Progressive Economy Forum

The Guardian - UK

3 Undervalued Stocks to Add to Your Portfolio Today

Amid concerns of the economy heading into a recession, one could capitalize on stocks currently trading at a discount to its peers. Therefore, it could be wise to buy fundamentally strong undervalued stocks Mondi plc (MONDY), Nu Skin Enterprises (NUS), and Garrett Motion (GTX). Keep reading.

StockNews.com

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The Conversation

Sudan's conflict has its roots in three decades of elites fighting over oil and energy

Sudan stands on the brink of yet another civil war sparked by the deadly confrontation between the Sudan Armed Forces of General Abdelfatah El-Burhan and the Rapid Support Forces of Mohamed Hamdan Dagalo (“Hemedti”).

The Independent UK

German government doubles 2023 growth forecast to 0.4%

The German government has doubled its growth forecast this year for the Europe’s largest economy after the country made it through the winter without major energy problems

The New Daily

Workers should be on the Reserve Bank of Australia’s board

These representatives bring expert knowledge of how the real economy works and labour market operations. Workers must have a say.

Daily Mirror

'I refused to let the passenger in front of me recline their seat - my legs are too long'

A plane passenger took to Reddit to relay an argument he had with a fellow air customer in economy who tried to recline her seat, only for his limbs to get in the way

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news in one place.

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Insider UK

Scotland’s GDP remains below pre-pandemic levels

Economy grew by 0.2% in the final quarter of last year, but remains 0.4% below the same period in 2019

Evening Standard

Number of working days lost to sickness rockets to record high as NHS backlogs hit economy

The number of days lost to sickness last year rocketed to 185.6 million

The Independent UK

Stock market today: Asian stocks dip on economy worries

Asian shares are trading mostly lower as worries about the health of global economies grew after a tumble on Wall Street, despite some better-than-expected earnings reports

The Conversation

Yes, Joe Biden is old and has low approval ratings, but this is why he's still confident of re-election

America’s first octogenarian president has finally announced he is going to seek more time in office amid lacklustre public enthusiasm.

The Conversation

Coles' Uber Eats deal brings the gig economy inside the traditional workplace

This month Coles announced a major new partnership with Uber Eats that will further expand the supermarket giant’s links with the gig economy. Under the arrangement, Uber Eats drivers will not only complete home delivery for the supermarket, drivers will also pick and pack orders from supermarket shelves.

Wallpaper

The Museum of Amazonian Science offers global hope and sustainability

An environmentalist’s ambitious project includes the Museum of Amazonian Science in Brazil and fulfils his vision of powering up the local bioeconomy and saving humanity

Bangkok Post

PPRP adds EEC adviser to economic team

The Palang Pracharath Party (PPRP) has named Kanit Sangsubhan, a former special adviser of the Eastern Economic Corridor Office, as a member of its economic team to help boost the economy in the southern border provinces.

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