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The Latest Breaking News from Economy

Seagate: Union considers 'industrial response' if firm moves to compulsory redundancies

Hard disk manufacturer employs over 1,000 people in Derry

Belfast Live

German lawmakers approve a plan to attract skilled workers to plug the country's labor gap

Germany’s parliament has approved plans to attract more skilled workers to Europe’s biggest economy and help address labor shortages in a growing number of professions

The Independent UK

Apple Vision Pro Travel Mode could make economy feel like first class — but is it worth it?

Text discovered within the VisionOS beta for developers details a Travel Mode which could be really fun or annoying feature.

Laptop

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Britain is the Dorian Gray economy, hiding its ugly truths from the world. Now they are exposed

Our rulers painted false pictures of success while real wealth and wages withered away, says the Guardian columnist Aditya Chakrabortty

The Guardian - UK

Mini-budget chaos exposed ‘lax approach’ to pensions regulation, MPs say

Sir Stephen Timms said pension scheme investments must ‘never again threaten the stability of the UK economy’.

The Independent UK

As the Bank of Canada prepares for a digital Canadian dollar, democratic concerns loom large

The Bank of Canada is preparing for the possibility of the Canadian government requiring it to issue a digital version of the Canadian dollar. Although the central bank is leading the project for the new currency, any future decision to issue it rests with the Canadian Parliament and government.

The Conversation

Modi's speech draws mixed lawmaker response amid rights concerns - Roll Call

Prime Minister Modi drew strong applause from lawmakers when he spoke of close U.S.-Indian ties, but otherwise had a mixed reception.

Roll Call

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MrBeast's manager says TikTok risk is increasing before 2024 elections

In a "state of the creator economy" letter, the CEO of creator talent agency Night says that YouTube should be the centerpiece platform for building a brand.

Fortune

‘Shock and awe’ interest rate rise leaves Sunak’s cost of living pledge in tatters

Bank raises base rate to 5% and is predicted to go to 6% as pressure grows on government to intervene

The Guardian - UK

Billionaire CEO Barry Sternlicht admits he was 'a little early' with his recession calls. 'I did not understand the strength of the consumer'

The head of Starwood Capital Group said it all comes down to the labor market. “People are employed and when people are employed, they spend money.”

Fortune

Fed's Powell reinforces likelihood of more rate hikes because of persistently high inflation

Chair Jerome Powell reiterated that the Federal Reserve will likely raise interest rates at least once more this year because of persistently high inflation in the economy’s service sector and the surprisingly tight job market

The Independent UK

Why the Bank of England's interest rate hikes aren't slowing inflation enough and what that means for mortgages

Consumer price inflation stuck at 8.7% in May, defying expectations of a slowdown and making a further rise in UK interest rates inevitable.

The Conversation

3 Stocks With Major Momentum to Buy

The Fed’s multiple rate hikes to curb the stubbornly high inflation have triggered a fresh bout of anxiety among investors. However, with a slowdown in inflation and a rate hike pause for this month, Loews Corporation (L), Liberty Energy (LBRT), and Key Tronic (KTCC), which have gained momentum, could be…

StockNews.com

Boosting training could add £200m to UK economy, study suggests

County Durham firm Learning Curve Group, which provides skills training around the country, commissioned the report

Birmingham Post

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Birmingham Post

The £1bn impact of Welsh Water on the Welsh economy

The not-for-profit company's direct and indirect contribution has been revealed

Insider UK

Contracts at ferries shipyard 'could be reviewed' to axe bonuses

The wellbeing economy secretary was grilled by MSPs on the Public Audit Committee

Manchester Evening News

Most people think the UK is already in recession

Official data shows the economy is still growing slightly, but three in five people believe the country is in recession

StockNews.com

Alibaba Group Holding Ltd. ADR (BABA) vs. China Automotive Systems (CAAS): Which Stock Is Catching Investors’ Attention?

With the ‘zero-Covid’ policy behind it, China’s economy began to recover. However, the nation's economic recovery is losing momentum after an initial burst in consumer and business activity earlier this year. Amid a volatile economic backdrop, let’s find out which China stock, Alibaba Group (BABA) and China Automotive (CAAS), is…

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news in one place.

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Fortune

Americans are so indebted that it’s holding back the economy. These 4 key reforms could give them room to breathe

The inexorable march of debt may well be the most important economic factor in our lifetime.

Insider UK

Scottish tourism and hospitality sector 'still in survival mode'

Survey respondents call on the government to hold off on introducing visitor levies until economy recovers

Daily Mirror

Three ways the Bank of England could try and cut inflation without rising interest rates

The Bank of England has upped its base interest rate again today but are there any other ways it can tackle inflation? - The Mirror asked three financial experts to find out if there is anything else that could be done

Al Jazeera

Why does the West love Modi?

Modi is being feted at the White House despite concerns over India’s democratic decline. The reason? China.

The New Daily

‘Tremendous outcome’ as super funds soar to finish year in black

Good news on the economy was hard to find but at least the superannuation accounts of most Australians were likely to finish the financial year in the black, according to Chant West.

Bangkok Post

Unlocking the power of sustainable finance

As the world grapples with the urgent need to address climate change and transition to a sustainable future, the role of sustainable financing has taken centre stage.

Bangkok Post

We need to act for our future generations

Conservatives often make a big show of worrying about the debt burden that we are passing onto our children. This moral argument featured prominently in congressional Republicans' refusal to support a routine increase to the US debt ceiling. The GOP supposedly is so committed to reducing spending that it is…

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