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The Latest Breaking News from Economy

Economy and currency paper for independent Scotland to be published next week

Speaking ahead of that, First Minister Nicola Sturgeon said work on a Scottish central bank would begin immediately after a Yes vote.

The Independent UK

Americans are becoming less productive, and that's a risk to the economy

Job market swings over the past few years have dampened the motivation of many workers and led to a decline in the fuel of the U.S. economy — productivity.

WEKU

Government doing ‘lasting damage’ to economy, says Nicola Sturgeon, as she vows to go ahead with independence referendum

Scottish First Minister vows to press ahead with independence referendum next year

Evening Standard

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Tyler Cowen: A crisis is coming in Europe. The only question is, which kind?

European governments are facing a choice of which kind of crisis to have: an energy crisis or a fiscal crisis. The global economy may hang in the balance.

Tribune News Service

Rees-Mogg: New oil and gas licensing will boost economy and energy security

A total of 898 blocks are being made available across huge expanses of the North Sea

Insider UK

Saudi Arabia Signs MoU to Boost Cooperation, Data Exchange

Saudi Arabia’s Ministry of Economy and Planning (MEP) has signed a memorandum of understanding (MoU) with the Saudi Economic Association to boost cooperation in research. Both parties will promote closer cooperation on economic research, capacity building, events and reports to share knowledge and advance joint goals on growth, diversification and…

Asharq Al-Awsat

UK economy predicted to be weak till 2024 despite Truss growth agenda

Business confidence sinks to lowest level since depth of Covid pandemic as rising costs hit households and companies

The Guardian - UK

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New licensing round for North Sea oil exploration will boost economy, Energy Secretary says

A NEW licensing round for oil and gas exploration will boost both the UK’s economy and energy security, Business and Energy Secretary Jacob…

The National (Scotland)

California takes leading edge on climate laws. Others could follow

California has enacted an ambitious package of legislation to aggressively combat the climate crisis — a bold move by the world’s fifth-largest economy that could inspire action in other states.

Tribune News Service

Rees-Mogg: New oil and gas licensing will boost UK economy and energy security

Energy Secretary Jacob Rees-Mogg spoke as the North Sea Transition Authority began its latest round of licensing for offshore oil and gas.

The Independent UK

Scottish retail footfall gradually improves

Meanwhile, click and collect could be worth more than £2.5bn to Scotland's economy

Insider UK

Piers Morgan slams 'unmitigated shambles' Liz Truss and urges Tories to 'get rid'

Piers Morgan lived up to expectations during his stint on the Question Time panel this evening - branding Liz Truss a failure and calling for the Tories to oust her from her position, following the under-fire Prime Minister playing 'casino politics' with the economy

Daily Mirror

Foreigners snap up B146bn of Thai stock

Foreigners were net buyers of 146 billion baht worth of equities on the Thai stock market in the first nine months of this year as they expect tourism to revive the economy in the fourth quarter, say executives at the local bourse.

Bangkok Post

US midterm elections: Five economic issues to watch

Inflation is on the minds of American voters as they head to the polls next month to decide who will control Congress.

Al Jazeera

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The Hindu

Explained | Is it time for the gig economy?

What is moonlighting and how is it affecting the companies in India? Is it a punishable offence under the law? How has the work-from-home culture affected the gig economy of our country?

Axios

What a dream scenario September jobs report would look like

Higher labor force participation is key for the economy.

The Independent UK

EXPLAINER: How will OPEC+ cuts affect oil prices, inflation?

Oil cartel OPEC and its allies are cutting production

Reuters

Bolsonaro eyes dividend tax, debt pardon as Brazil campaign turns to economy

Right-wing Brazil President Jair Bolsonaro on Thursday announced a debt pardon for some consumers and a tax on dividends to pay for welfare spending, shifting the focus of a his re-election campaign to the economy as polls tightened.

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The Independent UK

Sir Keir Starmer says Liz Truss has driven UK economy ‘into a wall’

The Labour leader hit back at suggestions from Liz Truss that his party is part of an ‘anti-growth coalition’.

The Independent UK

Food security, consumer groups protest Kenya's GMO decision

Food security, consumer rights and biodiversity groups are protesting Kenya’s reversal of a ban on genetically modified foods, saying the public wasn’t consulted on an issue key to the East African country’s economy and safety

The National (Scotland)

Falling job adverts and rising redundancies spark fears of return to Thatcher days

JOB adverts are falling while potential redundancies are rocketing, according to fresh UK Government statistics, sparking fears Liz Truss’s…

Reuters

Mexican economy minister resigns, dealing blow to trade team amid U.S. talks

Mexican Economy Minister Tatiana Clouthier stepped down on Thursday, depriving Mexico of one of its key trade negotiators as her government scrambles to head off a major dispute over energy with the United States and Canada.

The Hindu

World Bank pares India FY23 growth projection to 6.5%

The Indian economy’s expansion is expected to speed up to 7% in the next fiscal year, before settling back down to 6.1% in FY24-25

The Independent UK

More Americans apply for jobless benefits last week

More Americans filed for unemployment benefits last week, but the labor market remains strong even in the face of persistent inflation and a slowing overall U.S. economy

The Times of India

World Bank downgrades India's economic growth forecast to 6.5% for FY23

WASHINGTON: The World Bank on Thursday projected a growth rate of 6.5 per cent for the Indian economy for the fiscal year 2022-23, a drop of one per cent from its previous June 2022 projections, citing deteriorating international environment.

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