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The Latest Breaking News from Economy

CMA denies blocking Microsoft-Activision deal is bad for UK’s reputation; unemployment rises – as it happened

Turning a blind eye to anti-competitive deals wouldn’t improve UK’s reputation as good place to do business, suggests Competition and Markets Authority

The Guardian - UK

Stock market today: Asian shares turn lower after China economic data weaker than expected

Asian shares have turned lower after the latest data showed China's economy is weaker than expected

The Independent UK

Mayor Andy Burnham reveals how the new Manchester Baccalaureate will work

New system will help young people who don't want to go to university

Manchester Evening News

From analysis to the latest developments in health,
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International students 'bring in billions' to Scottish economy

Those living in Glasgow central, Edinburgh east, Aberdeen north and Dundee west make the greatest financial contributions

Insider UK

Tuesday briefing: Why Suella Braverman thinks immigration is harming Britain – and what the facts say

In today’s newsletter: The home secretary said this week that migrant labour harms the UK’s ‘national character’ – but it’s not that simple

The Guardian - UK

Tory backlash as one in five will be paying higher income tax rate by 2027

One in four teachers and one in eight nurses will be paying 40p rate in biggest tax rise since 1970s, experts warn

The Independent UK

International students boosted UK economy by £42bn in 2021/2 – study

Report finds economic benefit to UK rose by a third in three years, making overseas students a significant contributor to economy

The Guardian - UK

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Texas GOP’s broadest attempt yet to erode blue cities’ power gets one step closer to becoming law

Gov. Greg Abbott and other supporters of the bill have long sought legislation to push back against local regulations that they say hamper business owners and harm the state’s economy.

The Texas Tribune

International students bring in billions for Scottish economy, study shows

MORE than a third of first year undergraduates in Scotland are from abroad, a study has found, with international students bringing in billions for…

The National (Scotland)

ASX slips, Reserve Bank warns of further rate hikes, consumer confidence sinks to COVID-19 lows

The Australian share market has ended its day lower, while the Reserve Bank warns there may be further interest rate hikes, and consumer confidence sinks to its lowest levels since the early days of the COVID-19 pandemic and the 1990s recession.

ABC News

NESDC demands discipline

The National Economic and Social Development Council (NESDC) has warned the new government to strictly maintain financial and fiscal discipline as it will affect foreign investors' confidence in the Thai economy, says secretary-general Danucha Pichayanan.

Bangkok Post

Call for fast formation of government

The Khon Kaen Chamber of Commerce is calling for a rapid endorsement of the election results to facilitate the timely injection of the fiscal 2024 budget into the Thai economy.

Bangkok Post

A veteran market watcher who saw the Fed creating a disaster in 2008 says 'distortions in the economy' today are still the Fed's fault

Jim Grant has been writing the “Interest Rate Observer” every week since 1983—and routinely making prescient predictions.

Fortune

Fed's Raphael Bostic doesn't see rate cuts until 2024

Atlanta Fed President Raphael Bostic thinks high consumer spending and strong labor market could continue to push prices higher.

Fortune

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Belfast Live

Northern Ireland student fees rise being considered to tackle budget shortfall

Department for the Economy faces making 16% cuts to services due to a funding deficit of £130 million

The Conversation

UK economy: why the Bank of England is now more upbeat than the IMF

The Bank of England has changed its mind about the prospects for the UK economy. Having been predicting a recession in 2023 as recently as February, its latest May report is expecting a soft landing from the bout of high inflation and a year of interest rate hikes.

The Independent UK

IMF: Sri Lanka's crisis-hit economy likely to resume growth in 2024 after contracting 3% this year

The International Monetary Fund says Sri Lanka’s crisis-hit economy is expected to resume growing in 2024 after contracting 3% this year

The National (Scotland)

Ireland thrives as economy grows while Scotland 'hampered by Westminster'

INDEPENDENT Ireland's economy is on a "solid growth path" while Scotland's potential is being "hampered" in the Union,…

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news in one place.

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The New Daily

Most Aussies buy it, ‘Australian made’ products bring jobs and money to locals

Just spending an extra $10 a week on Australian Made goods can help the economy and local businesses, while creating thousands more jobs.

Multichannel News

Upfront Preview: Economy, Streaming, Measurement Make This Year’s Market Unique

Sports and unscripted play bigger role

The Week

Erdoğan leads in tight race: what next for Turkey’s economy?

President Recep Tayyip Erdoğan has defied the polls to lead his main rival in the first round of voting in Turkey’s make-or-break presidential election.

The Guardian - UK

European economy expected to grow faster than forecast, says EU

Revised outlook for 2023 and 2024 puts average growth for 27-member bloc at 1%

Bangkok Post

Thai economy grows 2.7% in first quarter

Thailand's economy grew 2.7% in the first quarter thanks to a steady tourism recovery and strong consumer confidence that offset sluggish exports, officials said Monday.

Birmingham Post

'What is the value of a wave?' North Devon named the UK's first-ever World Surfing Reserve

BusinessLive spoke to Dr Gregory Borne, senior lecturer in sustainable development at Plymouth Marjon University about the research being undertaken to establish what this means for the local economy

The Independent UK

Europe's outlook for economic growth brightens — a little

The European Union’s executive body raised its economic growth forecast, saying Europe had dodged a winter recession that was feared amid an energy crisis

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