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The Latest Breaking News from Economy

Inside the lavish new business class on UK-US flights with private ‘suites’

American Airlines is launching suite seats on some of its long haul flights from next year, as well as expanding the number of premium economy seats on its services

Daily Mirror

Rishi Sunak faces a very different economy to the one he left as chancellor -- here's what he must tackle as prime minister

As the incoming UK prime minister, Rishi Sunak has the immediate advantage of perceived success in his two years as chancellor.

The Conversation

Sunak must balance the books and restore confidence in the UK economy

Britain’s new prime minister needs to be fiscally conservative, provide targeted support for the very poorest, and implement radical supply side reforms.

Evening Standard

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Former UK chancellor Rishi Sunak to replace Liz Truss as prime minister

Former UK Treasury secretary Rishi Sunak has won the race to be leader of the Conservative Party and will become Britain’s next prime minister – the third this year.

Radio France Internationale

The 50 fastest-growing firms in Wales in 2022

The firms on the 2022 Wales Fast Growth 50 list make a huge contribution to the Welsh economy

Wales Online

Only way is up for Rishi Sunak after disaster of Liz Truss

Incoming PM can take a cautious approach with the Tories’ reputation at rock bottom, but he cannot afford mistakes

The Guardian - UK

Is Free Market Ideology Hurting the Economy?

A livestreamed debate between Binyamin Appelbaum and Gene Epstein

Reason

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Tories turning UK into ‘sick man of Europe,’ says top party donor OLD

Economy ‘doomed’ because of Brexit, says Guy Hands

The Independent UK

Japan Cabinet minister resigns over Unification Church ties

Japan’s economy minister has submitted his resignation over his ties to the Unification Church in a widening controversy involving dozens of governing party lawmakers

The Independent UK

Tory donor admits party is not fit to govern as he calls UK 'sick man of Europe'

In a scathing assessment of the Conservative record in power, Guy Hands also warned that Britain might need a bailout from the International Monetary Fund as the economy may be "doomed"

Daily Mirror

Royal Mail has truly earned my stamp of disapproval

God knows, I don’t do many clever economy measures, but one was back in April when the price of first-class stamps went up by all of 10p to 95p, and I bought about five books of them, thinking that I was saving, ooh, six quid. I know, a pound for…

Evening Standard

UK economy 'doomed' under Tories' 'hopeless' Brexit, top financier says

THE UK’s economy is “doomed” unless the Tories renegotiate Brexit, a prominent investor and financier has said.

The National (Scotland)

Japanese economic minister steps down over church links

Japan's economic revitalisation minister stepped down on Monday after growing criticism of his failure to fully explain his ties to a church group that critics say is akin to a cult, a move that will be a blow to Prime Minister Fumio Kishida.

Reuters

China’s Economic Growth Accelerates but Weak amid Shutdowns

China's economic growth picked up in the latest quarter but still was among the weakest in decades as the ruling Communist Party tries to reverse a slump while enforcing anti-virus controls and a crackdown on debt in its vast real estate industry. The world's second-largest economy grew by 3.9% over…

Asharq Al-Awsat

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Birmingham Post

Prof Dylan-Jones-Evans crunches the numbers on the 2022 Wales Fast Growth 50

Since the initiative was launched back in 1999 Fast Growth 50 firms have created 55,000 jobs and generated an estimated £30bn of additional turnover

The Guardian - UK

Tory backer says UK economy is ‘frankly doomed’ without Brexit renegotiation

Guy Hands says Conservatives are putting country ‘on a path to be sick man of Europe’

The Guardian - UK

We face peril because the UK economy relies on house prices. Here are three ways to fix that

Too much wealth depends on values bloated by an oversized financial sector, says Fran Boait of campaign group Positive Money

The Guardian - UK

Economic data shows UK faltering as Sunak set for No 10 – as it happened

Business surveys raised concerns over a looming UK recession, as the former Chancellor Rishi Sunak was set to become prime minister

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The Independent UK

Midterms – live: Poll shows tie in crucial Ohio race as Biden promises to veto any GOP abortion bills

Latest polls, news and analysis on the 2022 midterms

The Independent UK

Asian shares mixed; Chinese economy grew 3.9% in July-Sept

Asian shares are mostly higher after China reported its economy picked up pace in the last quarter

Bangkok Post

China Q3 GDP growth rebounds at faster pace but risks loom

BEIJING: China's economy rebounded at a faster-than-expected pace in the third quarter, but strict Covid curbs, a deepening property crisis and global recession risks are challenging Beijing's efforts to foster a robust revival over the next year.

The News Lens

Xi Cements His Power at Chinese Communist Party Congress – But He Is Still Exposed on the Economy

With a collapsing real estate sector weighing on a stretched banking system, the economy is Xi’s vulnerability.

Bangkok Post

Desperate for a long-term vision

With the country's next general election tentatively slated for May 7, 2023 by the Election Commission, assuming the House of Representatives completes its four-year term by March 23, many political parties have cranked up their election machines, with leading parties already kicking off their campaigns.

Tribune News Service

Pelosi says she has no regrets on COVID aid that GOP links to inflation

WASHINGTON — House Speaker Nancy Pelosi said she doesn’t regret pandemic aid passed by Democrats to boost the U.S. economy and advised her party’s midterm candidates to focus on the Biden administration’s efforts to curb inflation.

ABC News

The government is sitting on (nearly) a trillion dollars of debt. How big a problem is it?

In late June, Australia's national debt was $895 billion, but many economists argue the total, or gross debt figure is not the best debt figure to look at, Tom Lowrey writes.

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People

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