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The Latest Breaking News from Economy

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…

Bangkok Post

5 reasons why top economist Mark Zandi says ‘this time is different’ and he’s ‘betting against’ a U.S. recession

“This time is different,” Moody’s Analytics’ chief economist wrote in a CNN op-ed Tuesday. “Odds are that we will buck history and avoid recession.”

Fortune

Gordon MacIntyre-Kemp: 'Trying to debunk the independence case made me Yes'

A FORMER right half for Northumberland's under-21 hockey team whose interest in Scottish independence was piqued because he wanted to debunk the…

The National (Scotland)

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Has Rishi Sunak been taking honesty lessons from Boris Johnson?

The speaker had to step in after the PM’s claims about the economy stretched the credulity of at least one member at PMQ

The Guardian - UK

Markets Doubt FOMC Will Follow Through on its Forecast for +50 bp Rate Hike

Fed Chair Powell today presented his semi-annual testimony before the House Financial Services Committee. Mr. Powell will appear Thursday before the Senate Banking Committee and repeat his prepared testimony, although he will answer different questions from panel members. Mr. Powell’s prepared statement today was in line with his comments last...

Barchart

China's economic recovery is built on increasingly shaky foundations and that could affect the whole world

Confidence in China’s post-COVID recovery has started to waver over the past week after the world’s second-largest economy reported disappointing figures for two of the major drivers of its economy: property and exports.

The Conversation

OPINION - The problem: Britain’s economy cannot grow without generating inflation

“I ask the court to judge which is worse,” urges the handsome but painfully earnest Dylan McDermott. “A lie that draws a smile or a truth that draws a tear?” This rhetorical flourish is problematic even by Hollywood’s standards, given that Kris Kringle’s lawyer in Miracle on 34th Street appears…

Evening Standard

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Chinese Premier and German Chancellor Agree on Supply Chain Stability

Li Qiang and Olaf Scholz will expand cooperation on trade, investment, auto manufacturing, advanced technology, new energy and the digital economy, a foreign ministry statement said

Caixin Global

Auditors savage ‘not effective’ work in Treasury black economy crackdown

The Australian National Audit Office found the seven recommendations Treasury is solely responsible for haven’t been fully implemented.

The New Daily

China's economy may have slipped into a "liquidity trap"

It's a state that's difficult to shake off.

Axios

You might lose your millennial and Gen Z employees in coming months—here's why

A recent survey from PwC finds employees are looking for new opportunities despite the precarious economy.

Fortune

Slater unable to say if SNIB cash given to DRS administrator will be returned

National investment bank chair admits that the whole £9m investment could be lost as a result of Circularity Scotland going bust

Insider UK

What the Reddit Revolt Means for Social Media in an AI Era

The blackout reflects the deep tensions threatening the internet economy.

Businessweek

Stock market today: Asian shares mostly lower, tracking Wall Street retreat

Shares are mostly lower in Asia after Wall Street benchmarks retreated following the S&P 500's rise to its highest level since the spring of last year

The Independent UK

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Chicago Tribune

Commentary: The debt ceiling deal was not perfect, but it was far better than a default

I was one of 165 Democrats to vote yes for the Fiscal Responsibility Act, which ultimately passed the House earlier this month in an overwhelmingly bipartisan 314-117 vote. Raising the debt ceiling saved the U.S. economy from potential catastrophe. Democrats faced a Hobson’s choice or the illusion that multiple choices…

The Conversation

Green hydrogen could be a game changer by displacing fossil fuels – we just need the price to come down

As the global economy moves away from fossil fuels, green hydrogen could be critical to achieving a zero-carbon world by 2050.

The Independent UK

World Expo 2030 sees battling bids from cities in Saudi Arabia, Italy, South Korea

Cities in Saudi Arabia, Italy and South Korea are vying for the chance to host the 2030 World Expo, or world's fair

The National (Scotland)

This magazine's pro-Union attack on Scotland's economy was wrong - here's why

I LIVED in Chester until the age of six and when I told my young friends I was moving back to Scotland they actually asked if me if I would be…

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news in one place.

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Daily Mirror

Martin Lewis says mortgage timebomb has 'exploded' and says Tories were warned

Moneysavingexpert.com founder Martin Lewis said he warned Jeremy Hunt about the threat from rising mortgage rates at a summit in December

Zenger

Intel To Invest $25 Billion In Israel Chip Plant

Tech giant to build third factory in Kiryat Gat, boosting Israeli economy and exports.

Daily Record

Plane passenger refuses to let woman recline her seat as his 'legs are too long'

A man took to Reddit, a popular online social media forum, to ask advice on whether he had done the right thing during a row on a flight.

Tribune News Service

Powell faces tricky task of explaining rate pause in Congress

Federal Reserve Chair Jerome Powell will have an opportunity this week to clarify what many found a confusing message on the path of interest rates, with the added task of assuring Democrats and Republicans the economy is on track.

The National (Scotland)

Lorna Slater issues statement as no confidence vote confirmed

CIRCULAR economy minister Lorna Slater has issued a statement dismissing a Tory vote of no confidence against her as "a shameless political…

Birmingham Post

The Welsh business leaders recognised in the King’s Birthday Honours List 2023

A number of influential business figures from Wales have been honoured

The New Daily

‘Per capita recession’: Banks forecast longer downturn as more interest rate rises loom

Australia facing a multi-year per capita recession and even a quarter of negative economic growth in early 2024 with higher interest rates.

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