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The Latest Breaking News from Economy

Alastair Campbell: 'Tories have made Britain the laughing stock of the world'

Former Labour spin doctor Alastair Campbell says Boris Johnson, Liz Truss and Brexit have crashed the economy and trashed Britain's reputation around the world, turning the UK into a laughing stock

Daily Mirror

‘Mega MAGA trickle-down’: Biden sharpens final midterms pitch - Roll Call

President Biden is casting himself as managing a solid economy even as Republicans and economists warn of a coming recession.

Roll Call

Italy's Giorgetti named economy minister, Tajani foreign minister

New Italian Prime Minister Giorgia Meloni on Friday named Giancarlo Giorgetti of the League party as her economy minister and said the foreign ministry will go to Antonio Tajani from Forza Italia.

Reuters

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LOCALIZE IT: How to tell inflation story for your audiences

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The Independent UK

Low-key 'fixer' Giorgetti named Italy's economy minister

Giancarlo Giorgetti, Italy's new economy minister, is a veteran political wheeler-dealer viewed as a moderate and relatively pro-European member of his right-wing League party.

Reuters

India’s economy lighting up on peak festive season demand

Shoppers in India are back in force online and in stores, splurging this festive season after the coronavirus pandemic damped celebrations and consumption in previous years.

The Times of India

Jeremy Hunt vows to ‘drive down’ government debt after leap to £20bn

‘Strong public finances are the foundation of a strong economy’, chancellor says

Evening Standard

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The Standard View: Britain needs a leader to get a grip, and fast

After 44 days in office, inflicting damage to the economy and temporarily reducing Britain’s global standing to a punchline, Liz Truss acknowledged that she could not “deliver the mandate” on which she was elected by the Conservative Party. The question now is not only who replaces her, but what comes…

Evening Standard

Brits are too polite to haggle and it costs us almost £300 a year

Gumtree has partnered with TV presenter Oobah Butler, known for his Stock Market trades on Instagram to offer consumers top tips on bagging a bargain

Wales Online

GOP is bad on abortion — and inflation

Republicans have no ideas on how to fix the economy — and what they are planning will only make things worse

Salon

Stability of UK economy in Ireland’s interest, country’s finance minister says

Paschal Donohoe said he hopes close cooperation between the two countries can resume with a new UK Prime Minister.

The Independent UK

Auto review: Honda’s redesigned 2023 CR-V is a welcome makeover

It's now forgotten that small sport utility vehicles were once dubbed "cute utes," implying that these vehicles weren't true SUVs. However, they’ve since become the most popular vehicles on the market because of their spacious interiors, compact footprints, exceptional fuel economy, and reasonable prices.

Tribune News Service

The Week Ahead: The 'quiet week' will be noisy

For a little more than a week before each of its interest rate setting meetings, the Federal Reserve falls silent. The central bank calls it a blackout period. It’s a time when its leaders stop shedding light on their views of the American economy and go mute on the range…

Miami Herald

Axios Finish Line: The upside of downturns

The true test of a good business is what happens when you're smacked with a wobbly economy.

Axios

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Bangkok Post

Global economy to grow by 3.2% amid downturn

The global economy is growing at 3.2% this year, a substantial drop from 6% last year, with an even gloomier outlook for next year, according to Finance Minister Arkhom Termpittayapaisith after the Apec Finance Ministers' Meeting on Thursday.

Bangkok Post

The global leadership India needs

India, like China, takes enormous pride in its civilisation's scale and antiquity -- and rightly so. But such pride can also lead to a complacent and sometimes dangerous insularity. Since gaining independence from the British Empire 75 years ago, India has mostly looked inward, focusing on improving the welfare of…

Al Jazeera

Biden touts infrastructure investments as US midterm vote looms

Amid Republican criticism of US spending, president promotes economic programmes in battleground state of Pennsylvania.

The New Daily

Jim Chalmers is ignoring his own warnings of a possible recession

The Treasurer appears to be ignoring his own warnings ahead of the federal budget about the need to be prepared for a global recession.

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The Independent UK

EXPLAINER: Why was Truss' tenure so short -- and now what?

British Prime Minister Liz Truss took office last month with hopes and promises of reinvigorating the British economy and putting it on the path to long-term success

Chronicle Live

Liz Truss timeline: UK Prime Minister's 44 days from appointment to resignation

She promised a “bold plan” to cut taxes and grow the economy but instead embattled PM served the shortest term in history

The Guardian - UK

West Bank visitors ordered to register romances as Israel brings in strict rules

Curbs on people falling in love with a Palestinian among measures expected to stifle economy and academia and hit aid agencies

Reuters

Truss's demise ends the revival of Thatcher's libertarian economics

Daniel Pryor, who lobbies for governments to shrink the state and cut taxes, feels Liz Truss's brief, disastrous spell as prime minister has killed off his dream of a low-tax, deregulated British economy for at least a generation.

The Independent UK

Liz Truss promised UK a shakeup — but was forced out instead

Liz Truss became prime minister on a promise to open a new era of growth by shaking up Britain’s economy

Irish Mirror

Taoiseach Michéal Martin leads tributes to Liz Truss as UK Prime Minister resigns after 44 days

"I convey my best wishes to her and her family"

The Guardian - UK

Interest rates unlikely to rise above 5%, says Bank of England official

Ben Broadbent says increase already priced into markets would deliver ‘pretty material’ hit to economy

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