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The Latest Breaking News from Economy

Don’t Let These 2 Stocks Sink Your Portfolio in Q4

The cruise industry is struggling amid high inflation and the Fed’s aggressive interest rate hikes. Moreover, a slowing economy seems to be weighing on consumer demand. Hence, it might be best to avoid cruise stocks Carnival Corporation (CCL) and Norwegian Cruise (NCLH) for the rest of the year. Read on….

StockNews.com

Ed Davey: Truss government is probably most rightwing in modern UK history

Exclusive: Lib Dem leader says refusal to allow OBR scrutiny of mini-budget ‘shows economy is being run by ideology, not a plan’

The Guardian - UK

The key to maintaining CX quality in a down economy

THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS

The Independent UK

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What is trickle down economics? Liz Truss’s suggestion for the UK economy

Liz Truss and Joe Biden are at odds over her plans to increase growth

Evening Standard

Recession unlikely to hit India due to 'not so coupled' nature with global economy: Rating agency S&P

Paul F. Gruenwald, S&P global chief economist, said a lot depends on how global fund flows behave if there is a recession in the U.S. and Europe.

The Hindu

Kilbroney Chronicles of Narnia experience set for major upgrade

"This will no doubt attract a wider tourism catchment to the Mournes that will benefit the local economy and the community."

Belfast Live

UAE Economy Minister: Global Economic Challenges Need Establishing Developmental Solutions

A UAE minister said on Tuesday that the current global economic challenges underscore the strategic importance of developing more developmental solutions through new economic sectors that are capable of fulfilling the sustainable development requirements and creating growth opportunities. Economy Minister Abdulla bin Touq al-Marri stressed that the United Arab Emirates…

Asharq Al-Awsat

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The era of low interest rates is ending – its legacy is inequality and toxic politics

Over the past 14 years, older homeowners have continued to benefit – creating an unpleasant form of economic progress, says sociologist and political economist William Davies

The Guardian - UK

Explainer: What if US economy goes into recession? How it may impact India

NEW DELHI: The US Federal Reserve is expected to lift interest rates by three-quarters of a percentage point for a third straight time on Wednesday and signal how much further and how fast borrowing costs may need to rise to tame a potentially corrosive outbreak of inflation.

The Times of India

Can Larry Summers please shut up now?

Former Harvard president has been playing inflation Cassandra on TV for months. Can we hear other views?

Salon

Nigeria's universities can find funds and produce job creators: here's how

Industrial action by Nigeria’s university lecturers has entered its seventh month. The strike is one of the longest by academic staff in Africa’s most populous country.

The Conversation

RBA deputy governor Michele Bullock says outlook for global economy is 'quite worrying'

RBA deputy governor Michelle Bullock warns of risks in the global economy, but says the RBA's ability to create money helped Australia's economy through the pandemic

ABC News

Federal Reserve warns of ‘pain’ ahead as inflation surges

The US central bank is expected to announce a sharp rise in interest rates on Wednesday in an attempt to tackle the cost of living crisis

The Guardian - US

IMF Adamant on Linking Agreement with Lebanon to Reform Laws

Lebanese caretaker Economy Minister Amin Salam affirmed on Tuesday that the International Monetary Fund (IMF) delegation visiting Beirut this week carries a very clear message stressing an urgency that Lebanon approves and passes reform laws. “The IMF carries a very clear message, which is the urgency in approving these laws;…

Asharq Al-Awsat

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The News Lens

Taiwan’s Economic Slowdown (Part 2): Taiwan’s High Profit Margins Mask Its Slow Economic Growth

Taiwan’s high profits are eating into labor’s share of the economic pie — and hampering growth.

Bangkok Post

Zero-Covid hurts 75% of European firms in China

BEIJING: China's "inflexible" and "inconsistent" zero-Covid policy is crippling European business operations in the country, a major business lobby said Wednesday, warning that the presence of the companies "can no longer be taken for granted".

Al Jazeera

‘Ideology trumping economy’: EU body warns firms souring on China

European Union Chamber of Commerce says companies increasingly view China as “less predictable, reliable and efficient”.

The Independent UK

High inflation in sight, Fed to signal more rate hikes ahead

Last month, when Federal Reserve Chair Jerome Powell spoke at an economic conference in Jackson Hole, Wyoming, he issued a blunt warning: The Fed’s drive to curb inflation by aggressively raising interest rates, he said, would “bring some pain” for Americans

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The Independent UK

Asian lender ADB cuts forecasts to reflect weakening outlook

The Asian Development Bank has downgraded its forecasts for growth in the region, citing the war in Ukraine, rising interest rates to combat decades-high inflation, and China's slowing economy

The Conversation

We can't solve Australia's mental health emergency if we don't train enough psychologists. Here are 5 fixes

Almost 50% of Australians experience mental illness in their lifetime, costing our economy up to A$220 billion annually, according to pre-pandemic figures.

StockNews.com

Investors: THIS is the Elephant in the Room

It’s time to stop beating around the bush. The key topic is inflation and how much damage the Fed will create in the US economy to tame this economic beast. The more damage...the more downside for the stock market (SPY). 40 year investment veteran, Steve Reitmeister, shares his thoughts on…

The Conversation

Fed keeps focus on US economy as the world tilts toward a recession that it may be contributing to

The U.S. Federal Reserve holds inordinate sway over the world’s economies – yet it acts, in some ways, like they don’t really matter.

Foreign Affairs

America’s Education Crisis Is a National Security Threat

A smarter world is changing the balance of power.

Bangkok Post

DES asks for capacity from satellite auction

The Digital Economy and Society (DES) Ministry is demanding satellite capacity be allocated for state use from the winning bidders of an upcoming satellite orbital slot auction.

Reuters

UK's Truss calls on like-minded nations to unite against authoritarianism

British Prime Minister Liz Truss will call on like-minded nations to combat authoritarianism together, drawing on Russia's invasion of Ukraine to underline the need to push back against those "who weaponise the global economy".

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