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The Latest Breaking News from Economy

Ex-Thorntons CEO gets planning for £6m addition to Derbyshire marina

New Promenade building at Mercia Marina will have 14 apartments above seven ground floor retail units

Birmingham Post

Glasgow needs to lead 'fourth industrial revolution' to tackle climate change

The city is being awarded a share of £100m from the UK Government's levelling up fund and City Leader Susan Aitken said Glasgow's "innovation economy" could help transform the city.

Glasgow Live

Three years since lockdown began: how Britain changed

The UK’s first national lockdown was introduced on 23 March 2020 in an attempt to reduce the spread of the deadly Covid-19 virus.

The Week

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

Is this the end of UK interest rate rises or are there more to come?

The Bank of England’s move risks squeezing the economy just as inflation is expected to start falling

The Guardian - UK

Bank raises interest rates again, alongside upgraded economic forecast

The UK economy is expected to grow slightly between April and June, revising a previously forecasted drop

Insider UK

Two freeports in Wales “double boost” for Welsh economy, say business groups

The Port of Holyhead and the Ports of Milford Haven and Port Talbot under the Celtic Freeport bid will become freeport zones

Birmingham Post

Transport, cost of living and cannabis: Hunter candidates share their top priorities

The Herald asked all candidates in the Hunter's nine seats what their top three priorities were ahead of the NSW election.

Newcastle Herald

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The fight over the debt ceiling could sink the economy. This is how we got here

Once upon a time, raising the nation's borrowing limit was considered a fairly routine vote. Today, Biden and the GOP are on a partisan collision course that risks landing the U.S. in default.

WEKU

Teetering banks put Biden between a bailout and a hard place ahead of the 2024 race

Voters hate bank bailouts. But letting them fail without a safety net for customers could have been even worse for President Biden ahead of the 2024 presidential race.

WEKU

Bill Ackman says U.S. economy risks heading into a 'train wreck'

Bill Ackman said he would be “would be surprised if deposit outflows don’t accelerate effective immediately.”

Fortune

Nine ways small businesses can reduce IT costs

The economy has been in turbulence for many months, and a combination of global conditions and domestic policies will have extended these conditions well into 2023 and likely beyond. Although it’s looking less likely the UK will suffer a technical recession this year, the economy is still set to contract.…

IT Pro

Eager young Albanians risk everything for new future in UK

Thousands of young Albanians have crossed the English Channel in recent years to seek a new life in the U.K. Their dangerous journey in small boats or inflatable dinghies reflects Albania's anemic economy and a younger generation’s longing for fresh opportunities

The Independent UK

France and Germany Tensions Loom over EU Leaders' Summit in Brussels

A burgeoning row between France and Germany fired by differences over nuclear energy and combustion engines threatens to spill over into a gathering of the 27 European Union leaders on Thursday. A row erupted between two of the European Union's biggest economies after Berlin upset some of its partners, notably…

Asharq Al-Awsat

Politics with Michelle Grattan: Michael Brennan on Australia's parlous productivity growth

The Productivity Commission’s nine-volume report has a tough central message. It says productivity policy has to focus on the areas that have proven the hardest in the past, rather than those where previously progress has been most readily achieved.

The Conversation

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The Independent UK

Biden approval dips near lowest point: AP-NORC poll

Approval of President Joe Biden has dipped slightly since a month ago to 38%

Chicago Sun-Times

Federal Reserve raises key rate by quarter-point despite banking industry turmoil

Fed Chairman Jerome Powell seeks to reassure Americans that their money was safe after the failure of Silicon Valley Bank, Signature Bank as the Fed continues to fight inflation.

France 24

US raises interest rates despite troubles in banking industry

Stocks fell sharply Wednesday after the Federal Reserve indicated the end may be near for its economy-crunching hikes to interest rates, but it also doesn’t expect to cut rates anytime soon despite Wall Street’s hopes.

Birmingham Post

Wales is not getting one but two freeports

They promise to create 20,000 new jobs by 2030 mainly in the renewable energy sector

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Wales Online

Two areas of Wales named as freeports with tax breaks to create jobs

The UK and Welsh governments said the two freeports have the potential to create 20,000 jobs by 2030

Bangkok Post

World faces prospect of financial tumult

Today, I was supposed to present the third article, Managing Household Debt, in the series "Changing Thailand". In fact, I have finished drafting a payment reduction model which could reduce monthly debt payments by 4.6 times without the hair-cutting debt principal or requiring government financial support. But I will delay…

Bangkok Post

FTI: Emphasise climate-linked areas

Despite the country's dependence on tourism to boost its revenue, Thailand needs to further drive its economy through electric vehicles (EVs) and bio-, circular and green (BCG) economic development amid a rapidly changing world, says the Federation of Thai Industries (FTI).

Reuters

Colombia's Ecopetrol criticizes new attacks on oil pipeline

Colombia's majority state-owned oil company Ecopetrol on Wednesday criticized new attacks against an oil pipeline run by its subsidiary Cenit, saying the attacks harm the country's population and the economy.

StockNews.com

3 Best Stocks to Buy Now for Long-Term Investors

Recent turmoil in the financial sector, renewed recession worries, and the Fed’s continued rate hikes paint an unfavorable picture for the stock market and economy. Amid this, long-term investors could opt for fundamentally sound stocks AstraZeneca (AZN), Cisco Systems (CSCO), and Ambev (ABEV) to withstand ongoing macroeconomic headwinds. Read more….

The National (Scotland)

'Insulting bile': Tory MSP slammed for dismissing wellbeing economy as 'meaningless'

A SCOTTISH Conservative MSP has been strongly criticised for dismissing the idea of a wellbeing economy in Scotland as “almost totally…

Axios

Fed raises interest rates, despite bank failures

The central bank acknowledged the crisis will likely weigh on economy

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