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The Latest Breaking News from Economy

Economy and Society: July 19, 2022- Missouri Treasurer challenges ESG impact on public pensions

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

Automakers targeting average households with new crop of EVs

In their first rollouts of electric vehicles, America’s automakers targeted people who value short-range economy cars

The Independent UK

Exhibition highlighting dangers of consumption to tour Scotland

A new interactive exhibition touring Scotland this summer hopes to get people thinking about our society’s “throwaway culture”

The National (Scotland)

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The boom and bust of our polytechs

On January 1, Te Pūkenga will take over the country's 16 polytechnics and industry training organisations. Can a mega-merger bring the sector financial security?

Newsroom.co.nz

Apple reportedly will curb hiring next year in response to rocky economy

The company joins other tech firms in slowing hiring as fears grow that inflation will lower consumer demand

The Guardian - US

72 000 more workers in jobs on payrolls than last year, ONS figures show

AROUND 72 000 people were in employment last month than in the same period last year, figures from the Office for National Statistics have shown.

The National (Scotland)

A Potential Bullish Case in the Midst of the Current Bear Market?

Since mid-June, market action has been pretty benign especially given the context of a bear market. It's clear that the economy is slowing which is a major bearish development as it increases the odds of an earnings contraction. But, there is also a bullish impulse as the S&P 500 (SPY)…

StockNews.com

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Deregulation of the UK financial sector on top of a fragile economy will be disastrous

The government must face the reality that the oversized City is fundamentally broken, says Fran Boait of campaign group Positive Money

The Guardian - UK

Inflation is rising in Kenya: here's why, and how to fix it

Inflation has hit many countries recently, from the United States to Sri Lanka.

The Conversation

Cuba says no short-term fix for blackouts

Cash-strapped Cuba delivered the bad news to residents Monday evening that there was no end in sight to blackouts disrupting their lives and the economy.

Reuters

Yellen believes U.S. will get on board with global minimum corporate tax — eventually

Treasury Secretary Janet Yellen spoke to Morning Edition about global efforts to choke off much of Russia's profit from oil sales and the odds of a recession in the U.S.

WEKU

Which airlines have the best hand luggage policies?

As ‘baggage chaos’ adds to travellers’ stress at UK airports, avoiding checking in cases might just be the way to go

The Independent UK

UK Government cancels loans to Sanjeev Gupta's group

Scottish Liberal Democrat economy spokesman calls for Scottish Government to end secrecy about its financial involvement

Insider UK

Recession Ireland: Dublin's economy faces 'slow down' as Eddie Hobbs might be proven right

Inflation will 'likely' have a negative effect on businesses in the second half of 2022

Dublin Live

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Bangkok Post

Malaysia not at risk of collapsing like Sri Lanka: minister

Malaysia is stable and is not at risk of going bankrupt like Sri Lanka, Finance Minister Zafrul Aziz said, citing the International Monetary Fund’s prediction for the economy to expand 5.75% this year as reason for confidence.

Birmingham Post

Why urgent action is needed to reform malfunctioning capitalism

Measures needed include greater parity between debt and equity and tougher action against collusive behaviour

The Independent UK

Johnson defends his leadership at final Cabinet meeting

The Prime Minister highlighted efforts to protect the economy during the pandemic, measures to help the cost of living and his commitment to net zero.

The Independent UK

Biden approval rating drops to all-time low amid worries over inflation and looming recession, new poll shows

Poll shows Joe Biden and Kamala Harris’s favourability has taken a nose dive

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The Independent UK

Liz Truss: Who is the foreign secretary hoping to become Prime Minister?

Social media savvy ‘human hand grenade’ seen as continuity candidate and faces uphill battle to displace favourites Rishi Sunak and Penny Mordaunt

Al Jazeera

US promotes ‘friend-shoring’ of trade with eye on China, Russia

US treasury secretary highlights economic threat posed by ‘unreliable countries’ during visit to South Korea.

Axios

Janet Yellen pushes to diversify global trade away from "unfair" China

"We cannot allow countries like China to use their market position in key raw materials, technologies, or products to disrupt our economy."

Al Jazeera

For G20, Ukraine war an obstacle to cooperation on global economy

Finance ministers and central bank governors fail to sign communique amid divisions over Russia’s invasion of Ukraine.

The News Lens

Taiwan’s Lost Growth (Part 3): Taiwan’s Economy and Profits Have Stagnated Because Wages Have Not Recovered from the 1997 Crisis

The 1997 Asian financial crisis is a distant memory to most countries. But Taiwan hasn’t fully recovered from it because wages have been kept low.

The Denver Post

Most Americans believe a recession on the horizon. Here’s how experts say to prepare for one

Seven in 10 U.S. consumers see an economic downturn ahead, assuming one hasn’t already started. But awareness doesn’t equal preparedness — two in three admit they aren’t ready for what they think is coming, according to a survey from MagnifyMoney, a personal finance website.

The Independent UK

Nearly £25bn of consumer spending could be ‘lost’ this financial year

The ‘cut-back economy’ could mean nearly nine in 10 people reducing their discretionary spending, according to Grant Thornton and Retail Economics.

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