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The Latest Breaking News from Economy

Argentina's President Fernández won't seek reelection

Argentina’s President Alberto Fernández announced Friday he won’t seek reelection for a second term this year, a decision that follows months of infighting among the ruling coalition as it grapples with a fragile economy and galloping inflation

The Independent UK

France's economy minister extends electricity subsidies to 2025

The French government will continue subsidising electricity bills into 2025 as prices suffer from Russia's invasion of Ukraine and part of the country's nuclear reactor fleet remaining offline, the finance minister said Friday.

Radio France Internationale

Put your maths knowledge to the test as Rishi Sunak claims UK's 'anti-maths mindset' is costing the economy

Prime Minister Rishi Sunak has announced a review

Nottingham Post

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Britons splash out on holidays in boost for UK economy

Report shows fastest rebound in private sector output in a year, with interest rate rise likely next month

The Guardian - UK

Huge WWE 'Clash at the Castle' brought £21m to Welsh economy

The Welsh Government have not revealed how much financial support they put into the event

Wales Online

Taiwan’s Housing Crisis (Part 2): Taiwan's Housing Prices Have Grown Faster than Most Advanced Countries, But Its Economy Has Not

Since 1985, Taiwan’s real estate profits have grown by nearly 40 times, but the minimum wage has not even grown by four times. If the minimum wage had grown as quickly as real estate profits, it would have been close to NT$230,000 a month today.

The News Lens

Russia watching for new Western sanctions, says they would hit world economy

The Kremlin said on Friday it was monitoring reports of a possible ban on exports to Russia by Western countries, and that new sanctions would damage the global economy.

Reuters

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The destruction of nature threatens the world economy. It’s time to outlaw it as a serious financial crime

Last year, the human right to a clean, healthy, and sustainable environment was formally recognized by the UN–and more legislation is coming.

Fortune

America's "backache" economy: Things could be lots worse

The long-awaited slowdown is here — but isn't as bad as expected.

Axios

Voi says Bristol has hit major milestone and e-scooters are having 'positive impact'

Bristol's mayor says e-scooters are a 'popular and important sustainable form of transport'

Bristol Post

The Week Ahead: The hot winter and much cooler spring

The new year got going with a bang. Instead of the economic gloom many had forecast, American companies kept hiring and American consumers kept spending. Investors will see evidence of that strength when the first-look first quarter gross domestic product report is released on Thursday in the week ahead.

Miami Herald

Northern Ireland economy to contract this year before returning to growth in 2024 - Danske Bank

The bank has pared its expectation for contraction to 0.3% this year from 1% previously

Birmingham Post

Stock market today: Asian shares follow Wall Street lower

Shares are weaker in Asia after benchmarks dipped on Wall Street following mixed earnings reports from big companies and more signals the U.S. economy may be slowing

The Independent UK

Strikes cripple German rail network, four airports

Rail workers went on strike across Germany on Friday, mostly bringing national operator Deutsche Bahn's services to a halt in the morning hours, as protests over pay in Europe's largest economy widened.

Reuters

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Bangkok Post

Thailand urged to join India's boom

It is time Thailand and India expand their economic cooperation and bilateral relations, especially as the South Asian giant is at the forefront of the global economy, said Nagesh Singh, India's ambassador to Thailand.

Bangkok Post

Democrats pitch 4 projects for South

The Democrat Party will push for the development of four mega-projects to boost the economy in the southern region if it forms the next government.

Tribune News Service

Biden aims to unveil China investment curbs with G-7 backing

WASHINGTON — President Joe Biden aims to sign an executive order in the coming weeks that will limit investment in key parts of China’s economy by American businesses, people familiar with the internal deliberations said.

Barchart

Coffee Prices Tumble as a Slowing Economy May Curb Demand

May arabica coffee (KCK23 ) on Thursday closed down -6.65 (-3.28%), and May ICE robusta coffee (RMK23 ) closed down -26 (-1.05%). Coffee prices Thursday moved sharply lower on concern that worsening economic sentiment may hurt coffee demand. The Fed Beige Book Wednesday afternoon said the U.S. economy "stalled," and...

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ABC News

Does everyone welcome the Reserve Bank overhaul?

Economists have welcomed many of the proposed changes to the Reserve Bank of Australia, but some have raised concerns.

StockNews.com

3 Stocks to Sell Now With Weak Technicals and Negative Sentiments

Given the growing concerns of a sluggish economy and a potential slowdown, investors should steer clear of fundamentally weak stocks Farfetch Limited (FTCH), Jumia Technologies (JMIA), and Grom Social Enterprises (GROM), given their weak technicals and negative sentiments. Read on….

Barchart

Coffee Prices Fall as a Slowing Economy May Curb Demand

May arabica coffee (KCK23 ) this morning is down -7.10 (-3.51%), and May ICE robusta coffee (RMK23 ) is down -33 (-1.34%). Coffee prices this morning are sharply lower on concern that worsening economic sentiment may hurt coffee demand. The Fed Beige Book Wednesday afternoon said the U.S. economy "stalled,"...

The Guardian - US

Senate asks supreme court chief justice to testify on ethics amid Clarence Thomas revelations – as it happened

Thomas under scrutiny after accepting luxury gifts from Republican megadonor

The New Daily

Reserve Bank revolution: Jim Chalmers reshapes the RBA for the 21st century

The scale of the RBA changes recommended by the review is large – there is an entire section devoted to a year-long implementation process.

Fortune

IBM CEO: ‘Today’s workforce should prepare to work hand in hand with A.I.'

People working together with A.I. will have a transformative effect on our economy and society, writes IBM CEO Arvind Krishna.

Birmingham Post

Dunelm investing in success despite challenging economy

CEO says customers continue to appreciate 'quality and value across the Dunelm range'

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