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The Latest Breaking News from Economy

Indian economy can touch $20 trillion by 2047: Bibek Debroy

NEW DELHI: Indian economy's size will touch $20 trillion by 2047 provided the annual average growth is 7-7.5 per cent in the next 25 years, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman Bibek Debroy said on Tuesday.

The Times of India

Editorial: Not very PPProgressive: Lessons learned from PPP loans that went mostly to the rich

As the pandemic forced widespread closures in 2020, federal policymakers were staring down a torrent of job losses. Millions of workers were being laid off from businesses large and small, and millions more would lose their jobs with every passing week, causing indelible long-term damage to their financial picture and…

Tribune News Service

The U.S. Fed’s long shadow on central banks around the world

Over the weekend the American central bank indicated quicker tightening than expected — this makes emerging market economies, especially low-income ones, vulnerable

The Hindu

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Economy faces resilience test amid rising interest rates

NEW DELHI: Indian economy probably grew at the fastest rate in a year last quarter driven by healthy consumption, but the pace of expansion is seen slowing as policymakers prioritize rising prices over growth.

The Times of India

As China’s property crisis grows, is the global economy at risk?

China’s house prices are falling as Beijing reins in sector, raising fears for economic growth at home and globally.

Al Jazeera

Who Wins the Tug-of-War Going on in the Stock Market?

Did you know that the tug of war was actually an Olympic sport from 1900 to 1920. Now, I’m generally a person who embraces the new and doesn’t reflexively believe the past is better. But, in this case, I’ll make an exception. Tug of war needs to be immediately added…

StockNews.com

Geopolitical strife threatens recovery

Thailand's economy has recovered after the country's reopening but geopolitical conflict remains a threat, according to a senior official at the Fiscal Policy Office (FPO).

Bangkok Post

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Gold Sees Light at the End of the Fed's Tightening Tunnel

Gold Sees Light at the End of the Fed’s Tightening Tunnel The FOMC hiked rates by 75 basis points in July. However, the recession drums are getting louder, and gold likes such music.

Benzinga

Could The Rise Of Natural Gas Demand Lead To A Cease-Fire In Ukraine? Former Saudi Aramco Vice President Thinks So

Dr. Sadad Al Husseini, the former executive vice president of Saudi Aramco and founder of Husseini Energy, a Saudi Arabian energy company, was on CNBC Monday commenting about natural gas supply and demand and the effect of sanctions on Russia and the global economy.

Benzinga

Increasing paid parental leave to 52 weeks would give billion-dollar boost to economy, unions say

In the lead-up to Labor’s jobs and skills summit, unions have also called for payments to match actual wages and the inclusion of superannuation

The Guardian - AU

The jostling winners in a dog-eats-dog high inflation world

The cost of living is increasing at its fastest rate since 1990. Inequality means more status competition, as people jostle in a high-stakes economy.

Newsroom.co.nz

The global economy may have entered a new era: "The Great Volatility"

Pandemic, war and climate change have created rolling crises

Axios

Elon Musk: World needs more oil and gas as bridge to renewables

The world needs more oil and gas now to deal with an energy shortage while pushing to transition to renewable supplies, Tesla Inc chief executive officer Elon Musk said.

The Times of India

Harry Potter actor Matthew Lewis rages after claiming he was kicked out of first class into economy on flight

He said 'we as a society should not be okay with normalising the profiteering of overbooking and kicking people off flights'

Wales Online

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The Conversation

What are green jobs and how can I get one? 5 questions answered about clean energy careers

When President Joe Biden signed the Inflation Reduction Act in August 2022, he called it the “largest investment ever” to fight climate change. He also said it would lead to the creation of well-paying union jobs to help “reduce emissions across every sector of our economy.” These jobs are also…

Reuters

Floods, other water-related disasters could cost global economy $5.6 trillion by 2050 -report

Worsening droughts, storms and torrential rain in some of the world's largest economies could cause $5.6 trillion in losses to the global economy by 2050, according to a report released on Monday.

The Conversation

Nigeria's economy: four priorities the next president must deliver on

Nigeria is preparing to elect its next president in February 2023. That person will have a daunting task fixing a near comatose economy.

Edinburgh Live

Harry Potter star's furious rant as airline bump him from first class to economy

The Harry Potter star had been on his way to a fan convention in Canada when he hit out at the airline after he was forced to travel in economy from Orlando Airport.

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Tribune News Service

8 best short-term investments in August 2022

If you’re looking to invest money for the short term, you’re probably searching for a safe place to stash cash before you need to access it in the not-so-distant future. The volatile markets and slumping economy led many investors to hold cash as the coronavirus crisis dragged on — and…

Daily Record

Harry Potter star rages as airline 'bumps him to economy from first class'

Matthew Lewis, best known as Neville Longbottom in the film series, says his ticket was torn up at Orlando International Airport.

Al Jazeera

Did sanctions really hurt the Russian economy?

Six months after the Kremlin sent troops into Ukraine, the Russian economy finds itself at a crossroads.

Daily Mirror

Liz Truss warned 'simplistic' tax cut plans would 'completely crash' the economy

Institute for Fiscal Studies boss Paul Johnson tore into the Conservative frontrunner's tax plans - as ex-Chancellor Lord Darling warned of the 'lethal cocktail' facing the British economy from inflation and a looming recession

The Independent UK

Chinese think tank: Virus curbs must change to help economy

A Chinese think tank has issued a rare public disagreement with the ruling Communist Party’s severe “zero COVID” policy, saying curbs that shut down cities and disrupt trade, travel and industry must change to prevent an “economic stall.”

Daily Mirror

Harry Potter star rages after airline 'bumps him from first class to economy'

Matthew Lewis, known for playing the loveable Neville Longbottom in the Harry Potter series, took to Twitter to share his frustration at an airline, claiming he was moved to economy from first class with little explanation and no apology

Asharq Al-Awsat

Iran President: No Way Back to Nuclear Deal if Probe Goes on

Iran's president warned Monday that any roadmap to restore Tehran's tattered nuclear deal with world powers must see international inspectors end their probe on man-made uranium particles found at undeclared sites in the country. In a rare news conference marking his first year in office, President Ebrahim Raisi also issued…

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