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The Latest Breaking News from Economy

March had 'crashy vibes' for the economy and it could mean a recession, BofA says

The Fed's goal of bringing down inflation without triggering a recession may have just gotten a lot harder.

Fortune

4 Best Stocks to Buy for a Starter Portfolio

As inflation remains stubbornly high and the labor market still strong, the Federal Reserve has warned that the benchmark interest rate will climb higher than expected. This could tip the economy into a recession. Amid the uncertainty, new investors looking to build their portfolios could start by buying Coca-Cola (KO),…

StockNews.com

Keir Starmer says Labour will 'transform' the Scottish economy

Starmer was speaking during a visit on Friday to the technology company Siemens near Glasgow.

Daily Record

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

US economy exceeds expectations and adds 311,000 jobs

A hot employment market is good news for some but some Democrats fear that it will incentivize the Federal Reserve to raise interest rates.

The Independent UK

Starmer: Labour’s plan for economic growth will be transformational for Scotland

The party leader was speaking during a visit to Glasgow on Friday.

The Independent UK

Francis is the first Jesuit pope – here's how that has shaped his 10-year papacy

Since Jorge Mario Bergoglio first stepped onto the balcony of St. Peter’s Basilica as Pope Francis on March 13, 2013, he has made no shortage of statements that attract attention. “Who am I to judge?” he famously said about gay priests. “Nowadays there is an economy that kills,” he once…

The Conversation

U.S. economy adds 311,000 jobs in February

The unemployment rate edged up to 3.6% from 3.4% — still historically low.

Axios

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Women need help and encouragement to be entrepreneurs

£250bn could be added to the UK economy if women matched men in starting and scaling businesses

Birmingham Post

Saudi Economy Registers Highest Growth among G20 Countries

Saudi Arabia’s gross domestic product (GDP) grew by 8.7 percent in 2022, registering the highest growth rate among the G20 countries, despite the complex economic conditions and challenges facing the world. This rise has exceeded the expectations of international organizations, which have estimated the Saudi GDP to increase by 8.3…

Asharq Al-Awsat

Bill Ackman thinks the government should consider SVB bailout

The founder of Pershing Square Capital Management said the collapse of Silicon Valley Bank "could destroy a long-term driver of the economy."

Fortune

Economic growth of sorts, but UK plc is going nowhere

GDP is likely to edge sideways in 2023 (if that) but the true impact of rising interest rates has yet to be felt

The Guardian - UK

UK’s economy returns to growth after rebound in entertainment and transport

The Office for National Statistics said the economy grew by 0.3% in January, following a sharp 0.5% decline in December.

The Independent UK

UK economy rebounds to grow by 0.3% in January

Chancellor coming under pressure from some Tory MPs to cut taxes in a bid to boost growth

Evening Standard

FTSE 100 Live: Silicon Valley Bank UK insolvency amid US collapse, blue-chip shares lowest since January

The UK economy grew by a better-than-expected 0.3% in January, figures from the Office for National Statistics showed today, but shares were down amid questions about the future of Silicon Valley Bank.

Evening Standard

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The Guardian - UK

UK economy rebounds as Jeremy Hunt finalises budget

January GDP growth of 0.3% bigger than expected, driven by education, health and recreation sectors

The Guardian - UK

US adds 311,000 jobs in February; UK economy returns to growth; regulators take over Silicon Valley Bank – as it happened

UK economy has proved ‘more resilient than many expected’ says chancellor Jeremy Hunt, while problems at Silicon Valley Bank knock FTSE 100 down 2%

The Independent UK

Is inflation still surging? Jobs report will provide clues

A month ago, the government dropped a bombshell jobs report that showed that America’s employers added a sizzling half-million-plus positions in January — twice the December gain and far more than economists had expected

The National (Scotland)

Attacks on the SNP's record from candidates are self-serving indulgence

I STILL remember the hopes of a new politics for a new Scotland expressed amid the joy and optimism surrounding the re-establishing of the Scottish…

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news in one place.

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AAP

Rising debt but 'strong growth' in Victorian economy

Victoria's treasury and finance department has released its latest report on the state's economy, showing debt is rising but so is revenue.

The National (Scotland)

Mhairi Black blasts 'zero credibility' Keir Starmer ahead of Glasgow visit

KEIR Starmer has been told he has “zero credibility” talking about Scotland’s economy ahead of a Glasgow this week.

Insider UK

Starmer vows to put Scottish innovation at ‘heart’ of economy

The Labour leader is visiting Glasgow to lay out his party's plans for business

Bangkok Post

Consumer confidence reaches three-year high

Consumer confidence increased for the ninth straight month in February, boosted by recovering tourism, government stimulus measures, and the baht's weakness.

Bangkok Post

Arkhom predicts potential growth of 4-5%

The potential growth rate of the economy is 4-5%, says Finance Minister Arkhom Termpittayapaisith.

The Conversation

Economic growth doesn't have to mean 'more' – consuming 'better' will also protect the planet

Around 30 years ago, many developed countries started a process of absolute decoupling of their emissions of CO₂ and energy use from economic growth. This means keeping emissions stable, or better yet, shrinking them, while still growing the economy.

Daily Mirror

Airline introduces paper plates in premium class and passengers are absolutely livid

Singapore Airlines has received a lot of pushback from some of its customers after the company released service wear made of Forest Stewardship Council-certified paper

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