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The Latest Breaking News from Economy

UK economy 'doomed' under Tories' 'hopeless' Brexit, top financier says

THE UK’s economy is “doomed” unless the Tories renegotiate Brexit, a prominent investor and financier has said.

The National (Scotland)

Japanese economic minister steps down over church links

Japan's economic revitalisation minister stepped down on Monday after growing criticism of his failure to fully explain his ties to a church group that critics say is akin to a cult, a move that will be a blow to Prime Minister Fumio Kishida.

Reuters

China’s Economic Growth Accelerates but Weak amid Shutdowns

China's economic growth picked up in the latest quarter but still was among the weakest in decades as the ruling Communist Party tries to reverse a slump while enforcing anti-virus controls and a crackdown on debt in its vast real estate industry. The world's second-largest economy grew by 3.9% over…

Asharq Al-Awsat

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Prof Dylan-Jones-Evans crunches the numbers on the 2022 Wales Fast Growth 50

Since the initiative was launched back in 1999 Fast Growth 50 firms have created 55,000 jobs and generated an estimated £30bn of additional turnover

Birmingham Post

Tory backer says UK economy is ‘frankly doomed’ without Brexit renegotiation

Guy Hands says Conservatives are putting country ‘on a path to be sick man of Europe’

The Guardian - UK

We face peril because the UK economy relies on house prices. Here are three ways to fix that

Too much wealth depends on values bloated by an oversized financial sector, says Fran Boait of campaign group Positive Money

The Guardian - UK

Economic data shows UK faltering as Sunak set for No 10 – as it happened

Business surveys raised concerns over a looming UK recession, as the former Chancellor Rishi Sunak was set to become prime minister

The Guardian - UK

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Midterms – live: Poll shows tie in crucial Ohio race as Biden promises to veto any GOP abortion bills

Latest polls, news and analysis on the 2022 midterms

The Independent UK

Asian shares mixed; Chinese economy grew 3.9% in July-Sept

Asian shares are mostly higher after China reported its economy picked up pace in the last quarter

The Independent UK

China Q3 GDP growth rebounds at faster pace but risks loom

BEIJING: China's economy rebounded at a faster-than-expected pace in the third quarter, but strict Covid curbs, a deepening property crisis and global recession risks are challenging Beijing's efforts to foster a robust revival over the next year.

Bangkok Post

Xi Cements His Power at Chinese Communist Party Congress – But He Is Still Exposed on the Economy

With a collapsing real estate sector weighing on a stretched banking system, the economy is Xi’s vulnerability.

The News Lens

Desperate for a long-term vision

With the country's next general election tentatively slated for May 7, 2023 by the Election Commission, assuming the House of Representatives completes its four-year term by March 23, many political parties have cranked up their election machines, with leading parties already kicking off their campaigns.

Bangkok Post

Pelosi says she has no regrets on COVID aid that GOP links to inflation

WASHINGTON — House Speaker Nancy Pelosi said she doesn’t regret pandemic aid passed by Democrats to boost the U.S. economy and advised her party’s midterm candidates to focus on the Biden administration’s efforts to curb inflation.

Tribune News Service

The government is sitting on (nearly) a trillion dollars of debt. How big a problem is it?

In late June, Australia's national debt was $895 billion, but many economists argue the total, or gross debt figure is not the best debt figure to look at, Tom Lowrey writes.

ABC News

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The Guardian - UK

From the economy to NHS waiting lists: the most pressing issues facing the next PM

New prime minister will have to make tough decisions on long list of issues in months ahead

The Independent UK

Rishi Sunak – live: Former chancellor poised to become PM after Johnson drops out of race

Rishi Sunak eyes victory with nearly six times as many public backers as Penny Mordaunt

Tribune News Service

Economy moves to front for Democrats trying to hold on in key midterm races

From hardscrabble mining communities to affluent New Jersey suburbs, GOP attacks on the economy are forcing Democratic House candidates in must-win Northeast districts to confront an issue that has bedeviled them.

The Conversation

Australia's growth downgraded and inflation drives massive rise in cost of pensions and payments in budget

Tuesday’s budget will point to a slowing Australian economy, with growth forecasts cut, and contain more than $21 billion of savings and decisions to redirect spending.

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Edinburgh Live

Business class passenger chucked off flight after kicking off at being put in economy

Daniele De Matos, 36, started causing trouble before the Hawaiian Airlines Airbus A320 had even left the ground in Sydney, Australia.

Chicago Tribune

Redrawn Illinois congressional map gives most incumbents an election edge over newcomers, but issues such as economy, crime, abortion could also play a factor

CHICAGO — With the control of Congress up for grabs in this fall’s election, Democrats and Republicans can ill-afford to lose any House seats — and issues from the economy to abortion could help decide which way voters break in Illinois and elsewhere.

The Independent UK

Rishi Sunak, predictor of chaos, takes another tilt at No 10

The ex-chancellor lost out to Liz Truss in the last leadership contest just six weeks ago after warning her tax plans would bring turmoil.

Evening Standard

Penny Mordaunt denies speaking to Johnson camp over possible deal

‘You have to have stability in order to deliver low tax and you have to have low taxes in order to grow the economy and create that stability’

The Conversation

Nigeria’s 2023 budget is a plan of despair and won't change the tempo of the economy

Nigeria’s 2023 budget, recently presented by President Muhammadu Buhari to the National Assembly, has generated a furore.

The Conversation

4 ways companies can strengthen their boards to make it through tough economic times

South Africa’s economy is struggling. A number of factors are behind the decline. These include severe power cuts which are taking their toll on all spheres of the economy, rising inflation, increases in food prices, the effects of the Ukraine-Russia conflict, which has resulted in higher fuel and energy costs…

The Conversation

Xi cements his power at Chinese Communist Party congress – but he is still exposed on the economy

Xi Jinping’s clean sweep in elevating trusted allies to the commanding heights of the Chinese Communist Party is a political outcome that has implications beyond China’s borders.

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