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The Latest Breaking News from Economy

Fed's Barkin: 'Slow progress' on inflation, sees more hikes

A top Federal Reserve official is downplaying recent signs that the economy is strengthening, but also said he is prepared to keep raising interest rates in smaller increments as often as needed to quell inflation

The Independent UK

Is the economy headed for recession or a soft landing?

Are we in a recession? It seems like a straightforward question, but the data tells conflicting stories.

WEKU

The 3 Best Stocks to Buy Now for Long-Term Investors

As inflation is still at an alarmingly high level, the Fed is expected to continue with its rate hikes this year. However, experts see chances of the economy evading a recession. Therefore, it could be wise to buy quality stocks, Johnson & Johnson (JNJ), Pfizer (PFE), and Walmart (WMT) now…

StockNews.com

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US, UK, French Ambassadors: Houthi Attacks Harm All Yemenis

The ambassadors of the US, UK, and France have condemned Houthi attacks against infrastructure in Yemen and the group’s actions that threaten the peace process and damage the Yemeni economy. The three ambassadors called on the Houthis to stop further attacks on civilian infrastructure.

Asharq Al-Awsat

Asian shares skid after inflation report thumps Wall Street

Shares have slipped in Asia after benchmarks on Wall Street took their biggest hit in four weeks as investors registered disappointment over an inflation reading that came in hotter than expected

The Independent UK

Riyadh, BIE Discuss Saudi Expo 2030 Bid

Saudi Minister of Economy and Planning Faisal bin Fadhil Alibrahim has met with Dimitri Kerkentzes, the Secretary General of the Bureau International Des Expositions (BIE), in Paris, the Saudi Press Agency reported Thursday. During the meeting, the two sides discussed the Saudi bid to host the Expo 2030 world fair…

Asharq Al-Awsat

"Propaganda Video, Shoddy Journalism, Should Never Have Been Telecast..." UK MP Blackman Slams BBC Documentary On PM Modi

Terming BBC documentary on Prime Minister Narendra Modi as "propaganda video" and a "disgraceful piece of shoddy journalism," British MP Bob Blackman has said that it should never have been released and that it didn't look at the "all-important fact" that India's Supreme Court investigated the claims against Narendra Modi…

Dynamite News

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Q4 GDP growth slows, 2023 outlook trimmed

Thailand's economic growth slowed more than expected in the fourth quarter of 2022, as exports and manufacturing declined, but a rebound in the vital tourism sector should continue to boost the recovery this year amid weaker global demand.

Bangkok Post

Can gamers outplay the rapacious capitalists?

Role-playing games like Dungeons & Dragons are having a moment in the spotlight – and offer valuable lessons to the rest of the economy

Financial Times

The RBA’s ‘narrow path’ on inflation and interest rates: six things we learned from Philip Lowe

When the governor and colleagues faced the economics committee, rates were the focus – how high will they go, and will they stall the economy?

The Guardian - AU

Kwasi Kwarteng STILL supports 'general direction' of his economy-destroying mini budget

Former Chancellor of the Exchequer Kwasi Kwarteng is sticking by the "general direction" of his mini budget that crashed the UK economy, but admits that he has regrets

Daily Mirror

New board in place, US utility turns to clean energy study

A new board majority picked by President Joe Biden for the nation’s largest public utility has announced a new study of clean energy adoption opportunities throughout the region’s economy

The Independent UK

Digital agency launches scheme to beef up gaming industry

The Digital Economy and Society (DES) Ministry is gearing up to support local game development through a progamme aimed at improving skills and game production capability to compete on the global level.

Bangkok Post

Unmasking India's crony capitalist oligarchy

The recent accounting fraud and stock manipulation allegations against multi-billionaire Gautam Adani made by Hindenburg Research, a New York-based short-selling firm, has startled the financial world. The episode is a necessary reality check for those who are expecting India's star to burn brighter in the global economic firmament as China's…

Bangkok Post

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Daily Mirror

UK's secondhand economy valued at £10 billion, as cash-strapped Brits sell unused items

The average Brit is holding onto 56 unwanted possessions - with almost a fifth sitting on up to £500 worth of old belongings

The Guardian - UK

Five factors to explain FTSE 100’s record high despite recession

Economy and business backdrop is grim, but the energy boom and shareholder payouts have helped

Fortune

IKEA's looks to reduce environment impact with circular economy

Ingka Group CSO Karen Pflug discusses how IKEA makes its products more sustainable.

The Independent UK

Cautious but steady consumers buoying hopes for US economy

Call it the Goldilocks consumer

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The Conversation

Economy and security on the ballot in Nigeria – 5 things to watch in presidential election

Voters in Africa’s largest democracy will go to the polls on Feb. 25, 2023, to pick a new president.

Caixin Global

Xi Says China Must Boost Consumer Spending, Foreign Investment This Year

The president stresses the importance of consumption in bolstering the economy at a key annual meeting to set the economic policy agenda for 2023

Reuters

Saudi Arabia aims for huge new downtown in Riyadh by 2030

Saudi Crown Prince Mohammed bin Salman on Thursday launched a company to carry out a hugely ambitious development in downtown Riyadh, as part of the leading oil exporter's plans to make its capital a global metropolis and diversify the economy.

StockNews.com

3 Must-Buy Nasdaq Stocks for 2023

Consumers showing resiliency in the face of rising inflation have helped the U.S. GDP to come in better than expected in the last quarter. Moreover, hopes of the economy avoiding a deep recession this year are rising. The Nasdaq Composite began this year on a positive note. Hence, fundamentally strong…

Chicago Tribune

Commentary: Big Tech makes billions off our personal data. It’s time for the US to pull in the reins

Every day, the $6.7 trillion Big Tech industry affects our lives in ways that empower and harm. Despite recent hits in earnings, current layoffs and Google getting slapped with yet another lawsuit from the Justice Department, the tech giants are still all-powerful in our society, economy and daily lives. They…

Reuters

Factbox-Nigeria's election: when is the vote and what's at stake?

Voters in Nigeria, Africa's biggest economy and most populous nation, head to the polls on Feb. 25 to elect a new president and lawmakers amid growing frustration over unprecedented insecurity, industrial-scale oil theft and surging inflation.

The Independent UK

Asian shares jump, boosted by a strong reading on US retail

Asian shares have advanced, cheered on by a stronger reading than expected on U.S. retail sales that set off a Wall Street rally

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