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The Latest Breaking News from Economy

Tesla Stock May Benefit From Fed's "Soft Landing," Says Goldman Sachs

As the Federal Reserve hopes to engineer a "soft landing," steering the economy clear of recession while maintaining inflation, Tesla could benefit greatly.

InsideEVs

New to Investing? Give These 3 Stocks a Try

With the economy and stock market expected to remain under pressure this year, it could be wise for new investors to consider investing in fundamentally strong and dividend-paying stocks such as The Mosaic Company (MOS), Cabot Corporation (CBT), and American Vanguard (AVD). Keep reading….

StockNews.com

COVID-19 rewrote states’ economies and put Queensland on top

Queensland finally has an economy to cheer about and it’s largely because of the pandemic and the resulting fallout.

The New Daily

From analysis to the latest developments in health,
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SMEs must do their bit for a greener, fairer economy

Sustainability is a business question as much as it is a moral and an ethical question

Birmingham Post

CBI boss urges Sunak to show more ambition on economy

Tony Danker’s ‘major’ speech on Monday likely to be viewed as rebuke of No 10 and Treasury policy

The Guardian - UK

Low-carbon jobs fell after Cameron’s kibosh on ‘green crap’ policies – study

Exclusive: proportion of green job openings in UK ‘declined significantly’ after 2012, analysis shows

The Guardian - UK

Asian shares higher, many markets closed for Lunar New Year

Shares are higher in Asia, but most markets are closed for the Lunar New Year holiday

The Independent UK

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India's 1.4 billion population could become world economy's new growth engine

NEW DELHI: India’s economic transformation is kicking into high gear.

The Times of India

Queensland's economy now the best-performing in the country, CommSec's State of the States report reveals

Strong interstate migration and jobs growth lifts Queensland to its first top ranking on the State of the States economic report, with South Australia ranking strong in construction and Victoria leading the nation on retail spending.

ABC News

New Zealand’s new prime minister signals policy overhaul to win back voters

Incoming New Zealand Prime Minister Chris Hipkins will prioritize the economy as a recession looms and may jettison some of Jacinda Ardern’s policies as he seeks to win back the political middle ground ahead of an October election.

Tribune News Service

Impending UK recession could be twice as bad as anticipated, say analysts

Contrary to other recent economic analysis the business consultancy EY forecasts 0.7% drop in GDP this year

The Guardian - UK

Ulster University £26m search for world-leading production company for virtual studio

"Studio Ulster is a bold and ambitious example of how working in partnership we can achieve sustainable growth for the economy in Northern Ireland"

Belfast Live

Give parents better childcare support to fire up the economy, demands business chief

Confederation of British Industry director general Tony Danker will warn in a speech today that parents are being forced to limit the hours they work because affordable childcare is not available

Daily Mirror

Recession to be worse than previously thought, experts say

EY said that while the recession might cut deeper than it thought earlier, it will not necessarily last longer than the previous forecast.

The Independent UK

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AAP

Recession fears if interest rates hiked

Deloitte Access Economics warns Australia could fall into a recession if the central bank lifts interest rates again, with households already hurting.

AAP

Mining, migration make Qld the top economy

The Sunshine State is the country's best-performing state economy for the first time in more than a decade of CommSec rankings.

The Guardian - UK

What we learned at Davos: signs of hope emerge from the pessimism

Prospects for artificial intelligence and green transition fuel sense that the only way is up for the global economy

Fortune

Can India create enough jobs for its booming population?

India is on the cusp of a "demographic dividend," but economic growth isn't guaranteed.

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Asharq Al-Awsat

Iran’s Raisi Pledges to Tackle Inflation

Iranian President Ebrahim Raisi on Sunday set the tackling of galloping inflation and currency devaluation as priorities for the 2023-2024 budget presented to parliament. The pledge came as the rial touched a new low. Addressing MPs, Raisi tried to reassure Iranians over the economy which faces a serious crisis due…

Manchester Evening News

Award-winning pie restaurant announces shock closure in heartbreaking post

"Food & drink costs are rising rapidly, utilities are absolutely out of control and the landscape of our economy is so obscured it’s frightening"

Tribune News Service

Mini refineries lead Nigeria’s quest to process own crude oil

On a river bank deep in the Niger Delta a local contractor is building one of a growing number of mini refineries that the Nigerian government hopes will finally help wean Africa’s biggest economy off foreign fuel.

The Guardian - UK

Lib Dems target ‘blue wall’ Tory voters angry about NHS crisis

Party to switch focus from economy after polling shows voters in southern Conservative seats put health service as No 1 issue

Asharq Al-Awsat

Profits of Omani Banks Rise 20%

Total net profits of Omani banks listed on the Muscat Stock Exchange (MSX) jumped by 20.6 percent to RO409mn in 2022 as compared to RO338.9mn profits reported in 2021. Preliminary financial results recently announced by the listed banks on the Muscat Stock Exchange showed an increase in profits of all…

The Guardian - AU

Australia is banking on China’s economy to take off but headwinds are looming

The Albanese government is wary of Chinese economic volatility amid a slumping property sector and shrinking population

Newsroom.co.nz

Economy will be a rough ride no matter what

While Jacinda Ardern’s resignation is not likely to cause economic instability, new Prime Minister Chris Hipkins will have to contend with significant existing problems such as the cost of living crisis and declining business confidence, argues Dr Murat Ungor.

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