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The Latest Breaking News from Economy

Recession clouds gather in Germany, Europe's largest economy

Europe’s largest economy is sending recession signals

The Independent UK

John Swinney: Scottish Government to reflect fairly on UK tax cuts

The Deputy First Minister told BBC Radio’s Good Morning Scotland the UK economy is in a ‘very dangerous place’ after the plans were announced.

The Independent UK

Australia not safe from economic downturn

The troubles facing the global economy are far from over and Australia is unlikely to get away unscathed, an OECD report says.

AAP

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British pound hits record low against US dollar, prompting recession fears

The pound hit a record low against the dollar Monday on surging fears about the UK economy after the government unveiled a huge tax-cutting budget.

France 24

Pound hits all-time low as fallout from Kwasi Kwarteng's 'mini-budget' continues

The Chancellor has hinted at more tax cuts to come

Manchester Evening News

Pound sinks to record low against dollar as Kwasi Kwarteng hints further tax cuts on way

The Chancellor has previously brushed off questions about the markets’ reaction to his mini-budget

Evening Standard

Pound falls to all-time low as Kwasi Kwarteng hints further tax cuts on way

Despite criticism over the abolition of the top rate of tax, Mr Kwarteng insists he is 'focused on tax cuts across the board'

Wales Online

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Thousands of offensive websites blocked

Almost 5,000 web addresses have been blocked for running illegal content, including lese majeste and pornography, says the Ministry of Digital Economy and Society (DES).

Bangkok Post

Sugar tax could boost both health and economy

Taxes on sugary drinks can often improve a nation’s economy, rather than having the devastating impact industry has claimed.

360info

Fed’s Bostic says US could have a ‘relatively orderly’ slowdown

Federal Reserve Bank of Atlanta President Raphael Bostic said the strong U.S. job market suggests the economy could slow down in “a relatively orderly way” as the central bank bears down on inflation by raising interest rates.

Tribune News Service

Multinational tax top priority for reform

The government will remain laser-focused on multinational tax avoidance but the treasurer has left the door open for other kinds of tax reform.

AAP

Learn sustainability at this exhibition

Kicking off on Monday at Queen Sirikit National Convention Center, the "Sustainability Expo 2022" is a great opportunity to discover new innovations for a better world and learn about sustainable development from experts, until Sunday.

Bangkok Post

BMA mulls longer hours for visitors

Bangkok governor Chadchart Sittipunt hopes to stimulate the local economy by encouraging some tourist attractions, especially those along the Chao Phraya River, to stay open until midnight.

Bangkok Post

NT Government says $40-billion economy by 2030 still in reach despite disruptions to Origin and Santos projects

The Northern Territory government insists its ambitious $40 billion economic target remains on track, despite recent disruptions to the local gas sector. But concerns are being raised that it’s focusing on projects that could fail.

ABC News

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The Conversation

Why the Reserve Bank's record loss of $37 billion was actually good for Australia

The Reserve Bank has just reported a loss of A$37 billion, the biggest in its history, and it says it will be unable to pay the government dividends for some time.

The Guardian - UK

Keir Starmer vows to reinstate top rate of income tax to fund public services

Exclusive: Labour to argue investing in NHS, schools and childcare is only way to build foundations of a strong economy

The Guardian - UK

Labour focuses on spelling out alternative vision for the economy

Public services and spectre of austerity will feature in speech as Rachel Reeves sets out dividing lines with Tories

ABC News

Singapore to sign 'green economy agreement' with Australia during annual leaders' talks

During their first face-to-face meeting since Anthony Albanese's election win, the prime ministers are expected to sign a new agreement to streamline climate-friendly financing and technology development.

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Wales Online

Chancellor hints he's not done cutting taxes yet

Kwasi Kwarteng denies the measures announced last week only help the very rich

The Guardian - UK

Labour will bring green jobs built on strong trade unions, because we cannot go back to the 1980s

From fracking to bankers’ bonuses, we know where this government’s interests lie, say Labour MPs Angela Rayner and Ed Miliband

Daily Mirror

RFU defend “challenging decision” as England women fly to World Cup in economy

The England Women's Rugby Team have been flown out to New Zealand for World Cup in economy class - a decision which the Rugby Football Union has chosen to stand by

The Guardian - UK

Truss’s go-for-broke gamble means Labour inherits economic mess if it wins election

Vote is there to be lost by Labour. How hard can it be to show party would do a better job on economy?

The Guardian - UK

Kwarteng: UK economy must expect more tax cuts and deregulation

Chancellor says he and Liz Truss want to do what previous Tory governments deemed unthinkable

The Times of India

Himachal Pradesh: 17,292 beneficiaries availed the benefit of Mukhya Mantri Ek Bigha Yojna

SHIMLA: In Himachal Pradesh 17,292 people availed the benefit of Mukhya Mantri Ek Bigha Yojna (MMEBY) that was launched in the state for strengthening the economy of rural women and self-help groups by connecting them with livelihood activities.

Evening Standard

Starmer vows to defend working people as Kwarteng insists tax cut plan benefits all

Sir Keir was questioned over his long-term plan for the country while the Chancellor was grilled over the huge drop in the pound following his tax cut plan

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