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The Latest Breaking News from Economy

Brazil election: victorious Lula faces an uphill struggle – a damaged economy and a deeply divided country

Luiz Inacio Lula da Silva has achieved a remarkable political comeback by regaining the presidency of Brazil. His narrow victory, in the second round run-off, was the closest margin of victory in an election since Brazil reverted to democracy in the late 1980s. The result was 50.9% for Lula and…

The Conversation

Mortgages set to rise £6,700 a year after mini-budget crashed the economy

Many economists are saying that the Monetary Policy Committee is likely to raise interest rates again

Nottingham Post

US midterm elections: What are the key issues?

Economy, abortion rights, immigration and democracy are dominating political debates ahead of critical US vote.

Al Jazeera

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Cheapest time to run washing machine - but you need to be on a specific energy tariff

An Economy 7 tariff - or “time-of-use” tariff - usually gives you seven hours of cheaper energy, often between midnight and 7am although this can vary between suppliers

Daily Mirror

ENGIE: We Are Working with Saudi Arabia to Transition to Carbon-Neutral Economy

ENGIE CEO Catherine MacGregor affirmed that her company’s work in Saudi Arabia aligns with the Kingdom’s national transformation plan, Vision 2030, and its focus on accelerating the transition to a carbon-neutral economy. MacGregor pointed out that ENGIE, since the start of its business in Saudi Arabia more than two decades…

Asharq Al-Awsat

Welsh business confidence bounces back as firms report positive outlook on economy

However, firms in Wales were less confident in their own trading prospects

Birmingham Post

Inflation hits new record in Europe, slowing economy

Inflation just keeps punishing the European economy

The Independent UK

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Watch: Just Stop Oil protesters paint the town orange

Just Stop Oil supporters have sprayed orange paint on four buildings in Central London. They are demanding that the government halts all new oil and gas licences and consents. At 8:30am today, 6 Just Stop Oil supporters sprayed orange paint from fire extinguishers on the Home Office, the MI5 building,…

Evening Standard

Brits' mortgages set to rise £6,700 a year after Tories crashed the economy

The cost of a two-year fixed-rate mortgage has rocketed to 6.48% - meaning those who borrow about £200,000 will spend £6,698 more than they would've a year ago

Daily Mirror

Victorian government defends budget handling as deficit jumps by $1.8 billion

Tim Pallas says the government took "very calculated and conscious" decisions to steer the state's economy through the pandemic, as fresh figures reveal a $1.8 billion jump in the budget deficit for this year.

ABC News

How hotels could work together to bring more big events like Eurovision to Liverpool

We speak to BID chief Bill Addy as hotels vote on new proposals

Birmingham Post

South West firms concerned about economy - but positive about own prospects

Target areas for growth in the next six months include investing in teams and exploring new markets, the Lloyds report said

Birmingham Post

International Discord Undercuts Global Growth, Worsens Inflation

The global economy is once again under strain, but this time without the international cooperation that helped resolve previous post-Cold War crises. Instead, many of the world's biggest powers are now intent on undermining one another, with unsettling economic implications.

Bangkok Post

Inflation, economy are top of mind for voters in midterm poll

Inflation and the economy are top-of-mind for voters heading into the midterm elections, with a majority of registered Republicans prioritizing economic issues, according to an ABC News/Ipsos poll.

Tribune News Service

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Salon

How Democrats can start winning

Anand Giridharadas' new book tackles tough questions: How to challenge dominant narratives — and win elections

The Independent UK

Biden faces 'unpredictable' era with China's empowered Xi

President Joe Biden’s administration is taking stock of a newly empowered Xi Jinping as the Chinese president begins a third, norm-breaking term as Communist Party leader

Tribune News Service

Allison Schrager: We should just accept we’re going to have a blah economy

This economy can’t go on forever. GDP may still be growing, but it’s at an anemic rate. And other indicators are piling up that suggest a recession is imminent: The yield curve is inverting, hiring and house price growth is slowing and Philadelphia may win the World Series.

The Guardian - UK

Twitter deal may signal point when the ‘everything bubble’ bursts

China’s property meltdown, the unwinding of QE and the tech stock plunge all show a fragile global financial ecosystem under stress

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The Guardian - US

Ignore US government economic figures – base your decisions on actual data

The US reported the GDP bounced back – but at best it’s preliminary data that’s revised multiple times. Info from the top two payroll services are a better bet

Asharq Al-Awsat

PIF Focuses on Achieving ‘Impact’ for Saudi Economy Development

The Saudi Public Investment Fund’s (PIF) strategy focuses on achieving economic impact through operable sectors, said Abdullah Alsalem, PIF’s head of strategy and planning.

The Guardian - UK

Voters choose Sunak’s Tories over Labour to repair economy, new poll reveals

Rishi Sunak’s arrival in Downing Street is already helping to rebuild the party’s reputation for financial management

The Independent UK

Starmer: UK does not need a comedian as prime minister

The Labour leader said it was ‘not a laugh to crash the economy’ in an interview with Mumsnet.

Asharq Al-Awsat

Boeing CEO to Asharq Al-Awsat: Aviation Industry Is Recovering, FII Came at an Important Time

President of Boeing International Sir Michael Arthur said that the aviation industry was recovering and in good condition, stressing its vitality for the global economy. Commenting on the Riyadh-hosted Future Investment Initiative (FII) forum, Arthur told Asharq Al-Awsatthat he was very impressed with the scope of the conference, which he…

WEKU

How Biden changed his tune on inflation as prices soared and the midterms loomed

At first, the White House said inflation would be a temporary issue. But it quickly became the top economic priority — and major source of midterm political pain — for President Biden.

Bangkok Post

Pheu Thai opposes foreign land ownership

The Pheu Thai Party says it opposes a new government plan to allow eligible foreigners to own as much as one rai (roughly 0.4 acre) of land for residential purposes, saying it would not truly benefit the country’s economy and people.

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