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The Latest Breaking News from Economy

EU hits Russia with more sanctions 1 Year after invasion

European Union member states backed a 10th package of sanctions on Russia including tighter export restrictions and technology controls, as well as requiring banks to report information on Russian Central Bank and other sanctioned assets they hold.

Tribune News Service

An inflation gauge tracked by Fed accelerated in January

The Federal Reserve’s preferred inflation gauge ticked higher in January, a sign that price pressures remain entrenched in the U.S. economy and could lead the Fed to keep raising interest rates well into this year

The Independent UK

Historic UAW election is bringing profound changes to the autoworker union's leadership – and chances of better pay, more strikes and higher car prices

A fight for control of the United Auto Workers union is coming to a head in a historic election that’s expected to give rank-and-file workers a greater voice and could ultimately end decades of declining blue-collar compensation in this key sector of the economy.

The Conversation

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Too few women in STEM threatens our economic future

Young women still face long odds when it comes to learning about, exploring and entering STEM careers. Both for their benefit and the good of the economy, we must find ways to bring more of them in.

Chicago Sun-Times

Scotland should have tolerance as ‘ruling ethic’ – SNP leadership hopeful Forbes

Ms Forbes is running to be Scotland’s next first minister but has come in for criticism over her religious beliefs.

The Independent UK

Saudi Expert Calls to Face Int’l Threats with Economic Security Policies

Cybersecurity, which emerged with the industrial revolution and the transformation of the digital economy, has become the most dangerous threat to economic security and reflects negatively on national security, according to a Saudi financial expert. Chief Economic Adviser at the Ministry of Economy and Planning Raja al-Marzoqi called for adopting…

Asharq Al-Awsat

FTSE 100 Live: Pound below $1.20, Ericsson layoffs, US inflation

A closely-watched consumer confidence benchmark today posted its highest reading since April as hopes build over the outlook for the UK economy.

Evening Standard

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G20 tussles over Ukraine war as West steps up sanctions

Finance leaders of the world's top economies sought on Friday to bridge differences over how to deal with Russia following its invasion of Ukraine a year ago, as the West stepped up sanctions against Moscow.

Reuters

Kate Forbes most popular to succeed Nicola Sturgeon, shows poll of SNP supporters

Nearly one-third Scots favoured Forbes, putting her ahead of rivals Humza Yousaf and Ash Regan

The Independent UK

Weekly Must-Read: Billionaire Founder of China Renaissance Goes Missing

China Renaissance reports being unable to make contact with its billionaire founder and chairman months after authorities took President Cong Lin into custody

Caixin Global

How China and India’s appetite for oil and gas kept Russia afloat

Russia’s economy has been able to weather Western-led sanctions in large part due to strong energy exports.

Al Jazeera

G20 finance leaders to gauge toll on global economy on Ukraine war's anniversary

Global finance leaders will tally the economic damage from Russia's war in Ukraine on Friday as they meet on the conflict's first anniversary with some voicing concerns that more sanctions on Moscow would disrupt a modest improvement in growth.

Reuters

Sturgeon successor must 'think small first' on regulation

New poll shows that Kate Forbes is the most popular candidate to become the next First Minister, despite the row over her religious beliefs

Insider UK

Poll of SNP supporters puts Forbes ahead in race to be next first minister

Scots who voted SNP in 2021 were questioned about their views on the leadership contest.

The Independent UK

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Belfast Live

Northern Ireland Protocol not very important to majority of voters, research finds

"What matters more are concerns regarding the health service, the economy and the cost of living"

360info

Pakistan’s debt is a teetering house of cards

Pakistan faces a wave of problems on multiple fronts, but its growing debt can no longer be overlooked as inflation soars and foreign reserves crumble.

360info

How to end the deadly government debt spiral

COVID-19 triggered a massive increase in government debt, mainly in low-income countries. But it would be economically wrong to put all the blame on COVID.

France 24

Why is the Russian economy holding up against Western sanctions?

Despite nine sets of sanctions imposed by the European Union, the Russian economy only experienced a small contraction of its GDP in 2022. The "resilience" of the Russian economy was hailed on Tuesday by President Vladimir Putin during his state of the nation address. However, certain Western observers and politicians…

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Fortune

The ‘free money’ tech investment era is over and the ‘old economy’ is set to become the big winner, according to Bank of America

“Bear markets have historically resulted in leadership change, which suggests old economy sectors are likely the winners of this cycle,” Bank of America equity strategist Savita Subramanian wrote Wednesday.

Fortune

Jamie Dimon says the Fed has ‘lost a little bit of control’ on inflation and the economy is facing some ‘scary stuff’

The Fed’s path to bringing down inflation is still far from guaranteed.

Al Jazeera

US revises down GDP for Q4 to 2.7%

The revised estimate marked a deceleration from the 3.2 percent growth rate from July through September.

The Independent UK

Democrat Tony Earl, former Wisconsin governor, dies at 86

Former Wisconsin Governor Tony Earl, who couldn’t overcome a sour economy and was turned out by voters after a single term in the 1980s, has died

The Independent UK

China's global influence worries U.S. majority: AP-NORC poll

A new poll shows that just 40% of U.S. adults approve of how President Joe Biden is handling relations with China, and a majority of them are anxious about Beijing's global influence

Manchester Evening News

Minister breaks ground on £40m government hub for 2,500 civil servants

New works will 'bring millions' into the Manchester economy

Fortune

Nurses on strike are just the tip of the iceberg. The care worker shortage is about to touch every corner of the U.S. economy

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