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The Latest Breaking News from Economy

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

Evening Standard

Forget trickle down, what the UK needs is middle-out economics

Liz Truss is banking on a failed policy. The focus should be on the real driving force behind economic growth

The Guardian - UK

The Tories’ huge gamble offers a fabulous opportunity Keir Starmer’s party must seize

Labour has a better plan for growth than Kwasi Kwarteng’s sugar-rush of tax cuts. Now it needs to pitch it to voters

The Guardian - UK

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Poverty, inflation, fear: Egypt's economy pushed to brink

For decades, millions of Egyptians have depended on the government to keep basic goods affordable

The Independent UK

Industry chiefs applaud staged return to business as usual

Business operators have welcomed the government's further relaxation of Covid-19 restrictions, particularly the downgrading of the virus' status, saying they will attract more tourists and help boost the economy.

Bangkok Post

'Mini-Budget proves PM Liz Truss and her Tories have lost the plot on economy'

Tories claim that helping the rich get richer is good for everyone, but their unhinged economic plan just helps the wealthy - now we're banking on Keir Starmer to prove he's a worthy PM

Daily Mirror

Xi Jinping seeks his third term leading the Chinese Communist Party, while Li Keqiang retires after a decade in his shadow

With the 20th Congress of the Chinese Communist Party just around the corner, Xi Jinping is seeking a third term. But the second-most powerful man in China is staring down the barrel of retirement, after a decade in Xi's shadow.

ABC News

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‘It’s extraordinary’: Liz Truss’s low-tax gamble has yet to convince Tory MPs

Colleagues ask if the new PM and chancellor Kwasi Kwarteng’s experiment is ‘a stroke of genius – or will blow up the economy’

The Guardian - UK

Brendan Hughes: Delving deeper into Census 2021 shows changes and challenges ahead

The figures should help policy makers plan for the future in areas including education, healthcare, housing and the economy

Belfast Live

Pope appeals to the young to save the planet, find peace

Pope Francis has traveled to Assisi, the birthplace of his namesake saint to deliver an appeal aimed at young people in hopes they can help save the Earth and make the world's economy more attentive to the poor

The Independent UK

Govt aims to boost economy by easing entry for intl travelers

Prime Minister Fumio Kishida announced his intention to increase the number of inbound travelers to Japan by lifting the current ban on the acceptance of individual foreign travelers from Oct. 11.

The Japan News/Yomiuri

China's digital nomads make their move

DALI, Yunnan: After a hard day’s work, programmer Richard Hao powers down his laptop in a cafe overlooking Dali’s picturesque lake and drinks in the view. Like a growing number of digital nomads in China, he’s turned his back on big-city living and moved to the tourist hub in Yunnan…

Bangkok Post

What’s ‘stopping’ India Inc from investing in India?

Last Tuesday, finance minister Nirmala Sitharaman asked India’s corporate honchos why they were not investing in the Indian economy.

Newslaundry

EXPLAINER: Italian election only part of picking government

Sunday's parliamentary election will determine who next governs major industrial economy and key NATO member Italy

The Independent UK

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ABC News

Afghan children put to backbreaking work in brick kilns as economy collapses

The number of children put to work in Afghanistan is growing, fuelled by the collapse of the economy after the Taliban took over the country and the world cut off financial aid just over a year ago.

The Conversation

Nigeria is producing less and less oil. Here's why

Nigeria’s oil output was at the lowest since 1990 as its crude oil production fell below 1 million barrels per day (bpd) in August 2022. And data from the Organisation of the Petroleum Exporting Countries in early September showed that Angola and Libya have overtaken Nigeria as Africa’s highest crude…

The Conversation

Indonesia's stance on China-Taiwan conflict more about dependency on Beijing than being neutral

Indonesia’s attitude toward rising tensions between China and Taiwan suggests Southeast Asia’s largest economy is still dependent on China, fearing the loss of its closest and biggest trading partner.

Tribune News Service

Could we be heading toward a global recession?

It's been a rough couple of weeks on the stock market, ending recently with a warning from FedEX about a downturn in the global economy that sent shares tumbling.

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news in one place.

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Bangkok Post

The secret of the greenback's appreciation

Despite rampant inflation and slowing growth, the US dollar keeps going from strength to strength. Since May last year, the greenback has risen by 28% against the yen and 20% against the pound. In addition, it has appreciated 19% against the euro, reaching parity for the first time since 2002.

Bangkok Post

Shifting into the new equilibrium

From our point of view, the global economic landscape in the fourth quarter will be very important. We believe that the coming quarter will bring a shift in the global economic picture to a new equilibrium.

Bangkok Post

Chamber says now is the time to attract investment

Although the weakened currency affects the import sector, the Thai Chamber of Commerce sees the slide of the baht as a good opportunity for Thailand to rev up foreign investment.

ABC News

What is inflationary psychology and how is it impacting our rising cost of living?

Russia, unemployment and fuel prices are contributing to rising inflation. But according to some experts, our prediction of things to come could have an impact too.

The Guardian - UK

Time is against Liz Truss as she bets big on plan to turn economy around

With an election two years away, failure could shred the Tories’ economic credibility

WEKU

Stock markets drop as Wall Street takes a gloomy view of the economy

The Dow dropped more than 450 points to close at the lowest level since November 2020.

Daily Record

The big gamble on tax cuts for the rich that could railroad the economy off the tracks

The Daily Record's Westminster Editor Torcuil Crichton analyses The scale and the brashness of the Tory tax-cutting budget is staggering and Scotland will not be protected from global forces that could be unleashed by massive Treasury borrowing.

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