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The Latest Breaking News from Economy

Türkiye’s Opposition Names Kilicdaroglu to Take on Erdogan in Election

Turkish opposition leader Kemal Kilicdaroglu emerged on Monday as the main challenger to President Recep Tayyip Erdogan in landmark elections expected on May 14, after a six-party alliance picked him as expected as its presidential candidate. Kilicdaroglu, 74, head of the country's second-biggest party, aims to emerge from Erdogan's shadow…

Asharq Al-Awsat

Ministry of Labour and Phra Ratchawang Municipal Police Station inspect illegal alien workers

With the aim of strengthening national security and economy, Minister of Labour Mr. Suchart Chomklin on 24 February 2023 ordered the Department of Employment (DOE) to visit Pak Khlong Talad (Flower Market) to inspect illegal alien workers vying for Thai workers’ jobs.

Bangkok Post

Inflation pressures put Powell in spotlight before Congress

When Federal Reserve Chair Jerome Powell last appeared before Congress, in June 2022, inflation had reached a four-decade high of nearly 9% and showed no sign of easing

The Independent UK

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Scholz says labor, climate challenges loom for Germany

German Chancellor Olaf Scholz says his country faces considerable challenges, but also opportunities, in the coming years as it seeks to transform toward a green economy with a shrinking workforce

The Independent UK

Spring Budget: Hargreaves Lansdown says green economy and net zero must be at heart of government priorities

The Bristol-based financial services firm warned UK was ‘lagging’ behind other countries when it comes to investment in green tech

Birmingham Post

Hunt’s tinkering won’t set the economy straight

City comment: If the Chancellor’s exciting new plan costs or saves less than £25 billion, it is a waste of time.

Evening Standard

Interest rate rises: is there a less painful way to curb inflation?

The Reserve Bank of Australia’s monetary policy has been criticised as unfair and ‘too blunt’. But what are the alternatives?

The Guardian - AU

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Hunt’s tinkering won’t steer the economy straight

City comment: If the Chancellor’s exciting new plan costs or saves less than £25 billion, it is a waste of time.

Evening Standard

South African leader grapples with ever-worsening power cuts

South Africa’s ever-worsening power crisis — putting homes and businesses without electricity for up to 10 hours per day — is strangling Africa’s most developed economy

The Independent UK

OPINION - The Standard View: We need legal, safe routes for refugees coming to Britain

A functioning immigration system is not only critical for public confidence but also for Britain’s economy and the responsibility of being able to offer safe haven to those who need it the most. At present, we are falling short on all three metrics.

Evening Standard

French economy minister strikes anti-inflation deal with supermarkets

On Monday, the Finance and Economy Minister, Bruno Le Maire, launched a three-month anti-inflation drive, in cooperation with most major French supermarket chains. Under the plan, which will cost the companies "several hundred million euros", a selection of products will be made available at the lowest price possible.

Radio France Internationale

Singapore Airlines condemned for introducing ‘horrible and cheap-looking’ paper plates on flights

Customers threatened to take their business elsewhere as a result of the new trial

The Independent UK

Editorial: To Boost Confidence, Actions Speak Louder Than Words

Strong implementation of reform policies is pivotal to restoring the private sector’s confidence and stabilizing its expectations

Caixin Global

How the IMF naively parroted Putin’s fake statistics–and botched its economic forecast for Russia

The IMF simply does not have the data it needs to independently calculate Russia’s GDP by any accepted method.

Fortune

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The Independent UK

Unions vow to shut France's economy down amid pension battle

Unions are threatening to shut down France’s economy this week in what they hope is their toughest riposte yet to President Emmanuel Macron’s plan to raise the retirement age

Insider UK

Scotland’s electronic music industry worth £550m

New report highlights the contribution made by the nightlife sector

Asharq Al-Awsat

Lebanon Adopts ‘Dollarization’ as Currency, Economy Crumble

When Moheidein Bazazo opened his Beirut mini-market in 1986, during some of the fiercest fighting in Lebanon’s civil war, he didn’t expect it to thrive. But several years later, he had shelves full of food and needed 12 employees to help him manage a bustling business. Those days are over.…

The Independent UK

Lebanon adopts ‘dollarization’ as currency, economy crumble

The Lebanese pound has lost 95% in value since late 2019, and now most restaurants and many stores are demanding to be paid in dollars to bypass what’s seen as a nearly useless currency

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Asharq Al-Awsat

Salman Al-Dossary: From a Prestigious Career in Journalism to Saudi Media Minister

Salman bin Yousef Al-Dossary was named Saudi Media Minister in a Royal Order by Custodian of the Two Holy Mosques King Salman bin Abdulaziz on Sunday. Al-Dossary will be embarking on his new journey after have spent 12 years at Asharq Al-Awsat newspaper. He will now forge the Kingdom’s media…

The Independent UK

Shadow chancellor says Tories ‘squandering’ economic potential as cost-of-living crisis ‘number one concern’

Rachel Reeves said the UK is the ‘only G7 economy that’s still smaller than it was before the pandemic’

The Independent UK

AP News Digest 3 am

Here are the AP’s latest coverage plans, top stories and promotable content. All times EST. For up-to-the minute information on AP’s coverage, visit Coverage Plan.

France 24

France braces for strikes that could bring the country ‘to a standstill’ for days on end

Strikes against bitterly contested plans to reform pensions in France continue on Tuesday, and this time unions have upped the ante. Unlike previous walkouts, this week’s industrial action has no pre-arranged end date. With workers across multiple sectors expected to strike, life in France could grind to a halt for…

The Independent UK

Asian stocks gain after Wall Street has best day in 6 weeks

Shares are mostly higher in Asia after strong data on the U.S. economy sent Wall Street to its best close in six weeks

Al Jazeera

Why has China announced its lowest growth target in decades?

Beijing is aiming for a moderate growth rate of 5 percent in 2023 amid a host of domestic and external challenges.

The Independent UK

China Premier Li Keqiang bows out as Xi loyalists take reins

Chinese Premier Li Keqiang is taking his final bow in a departure that marks a shift from the technocrats who have helped steer the world's second-biggest economy in favor of officials with unquestioned loyalty to President Xi Jinping

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