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The Latest Breaking News from Economy

Recession fears shake Germany as energy costs hit business

Olaf Scholz travels to UAE to secure gas supplies amid concern that crisis is out of control

The Guardian - UK

How much 'pain'? Fed to signal more rate hikes ahead

Federal Reserve Chair Jerome Powell bluntly warned in a speech last month that the Fed’s drive to curb inflation by aggressively raising interest rates would “bring some pain.”

The Independent UK

Fears shortage of taxis will drive out West Lothian pubs and clubs

The area's night-time economy is struggling to get back on its feet after the pandemic

Daily Record

From analysis to the latest developments in health,
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The lesser-known car button that can instantly reduce fuel consumption by 12 per cent

Many drivers are unaware of this button in many vehicles that can instantly reduce fuel consumption by as much as 12 per cent - boosting fuel economy across the board.

Glasgow Live

Biden says ‘pandemic is over’ and inflation will be controlled

President Joe Biden declared the COVID-19 pandemic “over” and said Americans would gain “control” of inflation, outlining a rosy view for the US economy in an interview less than two months before crucial midterm elections.

Tribune News Service

Pakistan will 'absolutely not' default on debts despite floods: Finance Minister

Pakistan will "absolutely not" default on debt obligations despite catastrophic floods, the finance minister said on Sunday, signalling there would be no major deviation from reforms designed to stabilise a struggling economy.

Reuters

Xi’s heir is likely among China’s rising ‘luckiest generation’

The spotlight at China’s leadership congress next month will fall on the elite lineup installed to steer the world’s No. 2 economy. But another lesser-watched group will also advance, and an eventual successor to President Xi Jinping is likely among them.

Tribune News Service

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Chaiwut puts blame on SEC for scam spike

The Securities and Exchange Commission (SEC) is failing to adequately monitor firms offering new investment schemes, says Minister for Digital Economy and Society, Chaiwut Thanakamanusorn.

Bangkok Post

The mango that moved the world

Many people enjoyed an unexpected windfall after the rapper Milli ate the beloved Thai dessert mango sticky rice onstage at the Coachella Valley Music and Arts Festival earlier this year.

Bangkok Post

Focus on low-carbon tourism

This month, Thailand launched long-term resident visas, allowing affluent and high-income foreigners to stay in the country for up to 10 years to boost the economy and tourism. Approximately 400 people filed for the visa in the first 12 days, indicating considerable demand.

Bangkok Post

Gig economy and 'Uberisation' overhaul as Albanese government preps laws to change employment

After explosive growth in the gig economy, the government is set to introduce laws that will force minimum conditions for millions of flexible workers getting employment through apps.

ABC News

Maybe the US is in a recession, but small businesses don’t know it

Inflation is high, interest rates are rising and the stock market is down 18% … but small businesses are still hiring

The Guardian - US

S&P’s Upgrades Outlook FOR Saudi Economy to Positive

Standard & Poor's (S&P's) Global Rating agency updated its outlook for Saudi Arabia to positive and upgraded its short and long term foreign and local currency sovereign credit ratings to A-/A-2. In a statement on Saturday, S&P said the positive future outlook reflects the strength of the Kingdom’s GDP growth…

Asharq Al-Awsat

After the mourning, Truss and Kwarteng could find themselves on a sticky wicket

Britain’s problems are not high taxation or overregulation but poor growth caused by low investment

The Guardian - UK

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The Guardian - UK

Xi Jinping by Stefan Aust and Adrian Geiges; China After Mao by Frank Dikötter review – power and how to keep it

China’s president is shoring up his authority but, as Dikötter’s weighty study of the country indicates, he might have less of it than he thinks

The Guardian - UK

Biggest interest rate rise for 25 years could spell showdown at the Bank

This week’s decision could pit governor Andrew Bailey against an expansionary PM and chancellor

Bangkok Post

Brighter employment figures proof of recovery, claims govt

Thailand's economy shows sign of recovery, following a dip in unemployment to its lowest level since the start of Covid-19 pandemic.

ABC News

Darwin has been hit by war before. What do locals make of a growing military presence in their backyard?

Fighter jets roar across the skies, US Marines stroll the streets, the port debate rolls on and billions are being spent on military upgrades in Australia's Top End. In this "garrison town", is the defence build-up underway making residents feel more or less safe?

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news in one place.

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The Guardian - UK

Liz Truss warned of mass bankruptcies if firms left in limbo over energy bills

PM to join in national ‘moment of reflection’ at No 10 as businesses warn of dire consequences if left in limbo over energy bills

StockNews.com

4 Important Market Topics to Determine Where We Go from Here

Last week, I talked about the likelihood of the S&P 500 (SPY) remaining range-bound due to the mix of bullish and bearish forces. One of the bullish forces was the resilience in earnings which have remained positive (+6% in Q2) despite adverse conditions. Another was the signs showing that inflation…

Daily Mirror

French Cycling defends decision to fly elite men in business class but women in economy

The French Cycling Federation with hit with a wave of criticism after they opted to fly their elite men's team to the Cycling World Championships in Australia while the women travelled in economy

Reason

How the U.S. Paid for the Civil War

Lincoln's wartime governance had dire, and longstanding, economic consequences.

Reason

How Railroad Unions Almost Broke the Economy

The narrowly averted strike would have been an economic catastrophe. The story of how we reached the brink of that disaster is an illustrative one.

Reuters

Nearly two-thirds of Argentines see economy getting even worse: poll

Nearly 64% of Argentines fear the country's ailing economy will get even worse in the coming months, according to a survey published on Friday, against a backdrop of surging inflation and the weakening purchasing power of the peso currency.

Benzinga

Post-Pandemic Unwind? 4 FedEx Analysts Talk Pre-Earnings Miss

FedEx Corporation’s (NYSE: FDX) stock dropped on Friday morning following its pre-earnings report on the status of the world economy, which some experts are referring to as a post-COVID-19 pandemic unwind.

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Chaiwut Thanakamanusorn

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