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The Latest Breaking News from Economy

The road to China’s 20th Party Congress

The Party Congress is significant as it is being held at a time when China sees the period as one of ‘great disorder’

The Hindu

Guardian Essential poll: 70% of people want price caps on essential services such as energy

Most want more government intervention in ‘broken’ Australian economy with support also strong for windfall profits tax

The Guardian - AU

China’s economy is losing momentum. What is happening and why does it matter for Australia?

Clouds are gathering over the economic powerhouse as Covid lockdowns, a distressed property market and population changes take a toll

The Guardian - AU

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Royals 'keep it simple' by taking economy flight to Balmoral - amazing fellow passengers

'And yes she was stunning,' said the royal spotter

Nottingham Post

270,000 jobs in a better kind of Grexit

European monetary policy has previously smashed the fragile plates of the Greek economy to the floor; 12 years on, they've finally pieced it all back together.

Newsroom.co.nz

Thailand to extend visas for many tourists from October in bid to boost its economy

The scheme is temporary and will last until the end of March 2023

The Independent UK

Passengers surprised as Kate Middleton boards economy flight with Charlotte and Louis

The Duchess of Cambridge was spotted by passengers on the economy flight to Scotland where they are expected to join the Queen at Balmoral Castle. A passenger said: 'No one on board took any photos or videos. Just a mum taking her children on holiday to see grandmother, but there…

Daily Mirror

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Real Estate Market Cycles - Where We're At Today And What's Next

Seasons, stages, phases and cycles. In biology, astronomy, time and many other aspects of life, things repeat. Real estate is no exception. Market analysts have shown that real estate markets pass through recurring cycles.

Benzinga

UK economy shrank most since 1709 in pandemic as numbers revised again

The U.K. economy shrank the most in three centuries in 2020, according to fresh statistics that highlight the devastating economic damage wrought by the Covid-19 pandemic.

Tribune News Service

Cuban entrepreneurs hope for room to grow as the government ponders reform

For those seeking proof that even modest foreign investment can help propel Cuba's fledgling entrepreneurs, look no further than Oscar Fernandez's Havana-based dried fruit business.

Reuters

Scottish waste management firm gets funding for circular economy upgrade

A £1.3m Green Loan from HSBC has paid for high-tech new machinery

Insider UK

Sunak effectively rules out serving in a Truss cabinet, suggesting they don’t agree on ‘big things’ – as it happened

Tory leadership candidate says he is focused on race for No 10; energy bosses call for end to battle so new PM can tackle bills crisis

The Guardian - UK

Truss poised to plunge UK economy into ‘inflation spiral’, says Sunak

Truss cannot deliver £50bn tax cuts and support packages without pushing debt to dangerous levels, says Tory leadership rival

The Guardian - UK

Finance minister: Economy to grow 3.0-3.5% this year, recovery intact

Thailand's economy is expected to grow by 3.0% to 3.5% this year, helped by public investments and a pick-up in the vital tourism sector, Finance Minister Arkhom Termpittayapaisith said on Monday.

Bangkok Post

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The Guardian - US

‘The world flipped upside down’: will end of Roe galvanize Democrats’ base in midterms?

Democrats believe a brewing backlash after June ruling will reshape the battle for control of Congress and statehouses this fall

Asharq Al-Awsat

Oil Slumps on Fears over Economic Slowdown, Stronger Dollar

Oil prices slumped on Monday, ending three days of gains, as investors were concerned aggressive US interest rate hikes will weaken the global economy and dent fuel demand while a strengthening dollar also added to pressure. Brent crude futures for October settlement declined $1.20, or 1.2%, to $95.52 a barrel…

Newcastle Herald

Stephen Galilee: why raising coal royalties is not the answer

Calls to introduce a Queensland-style royalties system in NSW are shortsighted, and potentially very damaging to the Hunter economy, writes Stephen Galilee

Reuters

Argentina names second in command of key economy ministry

Argentina's government on Sunday appointed a well-known economist and vocal critic of the policies of former President and current Vice President Cristina Fernandez de Kirchner to effectively be the second in command of the key economy ministry.

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Bangkok Post

Business wary of political climate

While the Thai economy had been pressured by global geopolitical tensions leading up to the National Economic and Social Development Council's decision last week to revise down the upper range of its growth forecast to 3.2% from 3.5%, the business sector also has to keep a close eye on the…

The Independent UK

Liz Truss will cause inflation spiral with ‘dangerous’ tax cuts, Rishi Sunak warns

Tory leadership contest rattles on as Labour poll lead grows

Newcastle Herald

Hydrogen's big difficulties need to be explained and accounted for if we are to believe in a 'hydrogen economy'

It penetrates steel: just one of the pitfalls of hydrogen

ABC News

Real wages are shrinking as profits are soaring. But are most businesses really raking it in?

Workers are getting a record low share of Australia's national income, while company profits surge. But is it just a temporary phenomenon caused by the commodities boom or a deeper structural crisis in our economy?

Reuters

German minister rules out keeping nuclear plants running to save gas

German Economy Minister Robert Habeck ruled out on Sunday extending the lifespan of the country's three remaining nuclear power plants in order to save gas, saying it would save at most 2 percent of gas use.

The Guardian - UK

UK shoppers are keeping calm and carrying on. Why?

Consumers are in either denial about the economy or think they are managing … for now

The Independent UK

Russia's war at 6 months: A global economy in growing danger

It's almost six months since Russia invaded Ukraine, and the consequences are posing a devastating threat to the global economy

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