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The Latest Breaking News from Economy

Group aims to raise £2000 so kids don't go without presents this Christmas

“Heating or eating is really a thing. In the fifth richest economy that simply shouldn’t happen”

Liverpool Echo

The U.S. Travel Association: ‘Visa processing delays are hurting economic growth. Here’s how the Obama Administration solved the same problem 10 years ago’

Discouraging travelers from just three countries–Brazil, India, and Mexico–will cost the economy $5 billion next year, according to the U.S. Travel Association.

Fortune

Wishaw MP says households in Lanarkshire facing shortfall due to Brexit

Those living in North Lanarkshire face a shortfall of £157 million according to MP Marion Fellows

Daily Record

From analysis to the latest developments in health,
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Autumn statement is highly political compared to research on 'best' ways to fix public finances

The UK faces some significant belt-tightening following Chancellor Jeremy Hunt’s autumn statement, which announced spending reductions and tax rises of around £55 billion. Much research has been done into the best ways to do fiscal austerity in terms of reducing debt, avoiding economic damage and not exacerbating inequality. So how…

The Conversation

COP27 flinched on phasing out 'all fossil fuels'. What's next for the fight to keep them in the ground?

The latest UN climate change summit (COP27) concluded, once again, with a tussle over the place of fossil fuels in the global economy.

The Conversation

Circular economy: Breaking our ‘take-make-waste’ model

If every country used as many resources every year as NZ does, we’d need three planets; our throwaway economy is a big cause of our emissions. We have to do things differently.

Newsroom.co.nz

The 2 Best Stocks to Buy for Early Retirement

Despite macro headwinds, U.S. retail sales increased month-over-month in October. With the economy showing resilience, the odds of the economy avoiding a deep recession are gradually rising. Although there’s a surge in optimism, caution remains. Therefore, investors looking for early retirement might buy quality dividend-paying stocks Microsoft (MSFT) and Cigna…

StockNews.com

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The Standard View: Labour shortages (and Brexit) are holding our economy back

You can’t get the service these days because businesses are struggling to recruit the staff. Across London and a wide range of sectors that are vital to our economy — particularly those that relied heavily on EU workers — vacancy rates are sky-high.

Evening Standard

Winning the World Cup could save the country from a recession

Does hosting a World Cup boost your economy?

Evening Standard

Railroad strike looms over holidays after major union rejects deal

SMART Transportation Division, the union that represents rail conductors, voted against the deal.

Axios

Biden's soft landing message

The Biden administration has developed a mantra when talking about the economy.

Axios

Dream homes turned gas-guzzlers, Hungary's 'Kadar cubes' losing allure

Facing a surge in heating costs, Andrea Varga is desperately trying to sell the communist-era house she can no longer afford, but with Hungary's economy slowing and many facing the same predicament, there has been little interest.

Reuters

Conservatives’ popularity crashes to its lowest point in 15 years

The Conservatives’ popularity has crashed to its lowest point in 15 years as it battles a major lack of trust over its management of the economy, a new poll reveals.

Evening Standard

Virgin Money staff get 10% pay rise as profits jump

VIRGIN Money presented a surprisingly healthy picture of the UK economy today, with chief executive David Duffy insisting the future may not be as dark as City experts predicts.

Evening Standard

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Bangkok Post

Economy sees growth boosted by tourism revival

The economy enjoyed healthy expansion in the third quarter, officials said on Monday, with the return of international tourists helping to offset persistently high inflation.

The Guardian - UK

Oil plunges to 10-month low as Saudi Arabia ‘considers Opec+ production increase’ – as it happened

Saudi Arabia and other OPEC oil producers are discussing an output increase. WSJ reports , which could help heal rift with the Biden administration

Evening Standard

FTSE 100 Live: Stocks weaken on China’s Covid surge, Compass posts results

Public sector borrowing in October stood at £13.5 billion, a much smaller figure than the City had expected.

Daily Mirror

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Asharq Al-Awsat

Red Cross: Afghans Will Struggle for Their Lives This Winter

More Afghans will be struggling for survival as living conditions deteriorate in the year ahead, a top official of the International Committee of the Red Cross said in an interview, as the country braces for its second winter under Taliban rule. The group’s seizure of power in August 2021 sent…

Daily Record

Anas Sarwar: Tories have crashed the economy but there's not a word of apology

People need to come together across the UK to boot the Tories out, says Mr Sarwar.

Reuters

Younger Chinese are spurning factory jobs that power the economy

Growing up in a Chinese village, Julian Zhu only saw his father a few times a year when he returned for holidays from his exhausting job in a textile mill in southern Guangdong province.

The Independent UK

End Brexit rows and use immigration to solve worker shortage, CBI chief to tell MPs

‘The best guarantor of Brexit is an economy that grows. Its biggest risk is one that doesn’t,’ Tony Danker says

Bangkok Post

A showcase for the BCG model

The Asia-Pacific Economic Cooperation (Apec) summit offered a glimpse into how countries plan to deal with uncertainties post-pandemic as well as the Thai government's push towards a new economic model.

Bangkok Post

Why Franco-Thai relations matter

Under Thailand's Apec Host Year theme of "Open. Connect. Balance", Thailand has worked hard to promote trade and investment that is open to all opportunities, reconnect the region, and drive Apec towards a balanced, inclusive, and sustainable post-Covid19 growth through the Bio-Circular-Green (BCG) Economy Model.

Al Jazeera

Nepal votes to elect new government to revive economy

Over 60 percent of Nepal’s eligible voters cast their ballots at the polls amid high inflation and unemployment.

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