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The Latest Breaking News from Economy

‘The family took over’: how a feuding ruling dynasty drove Sri Lanka to ruin

The inside story of Rajapaksa family infighting that toppled a country into violence and bankruptcy

The Guardian - UK

Japan PM bets on world-defying inflation policy to win election

As politicians around the globe rush to tamp down inflation, Japan Prime Minister Fumio Kishida is betting instead that older voters in particular will look past surging prices in a crucial election on Sunday.

Tribune News Service

Scottish Government names Mark Logan chief entrepreneur

Two-year port is a key part of the recently-announced national economic transformation strategy

Insider UK

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3 High-Quality Cyclical Stocks to Buy for the Long-Term

Inflation is one of the biggest threats facing the economy. One profitable strategy during this period of high inflation is to focus on stocks that have pricing power, as these companies’ margins will continue to expand. In contrast, stocks without pricing power are likely to underperform as margin compression erodes…

StockNews.com

Rescuing Thailand from the middle-income trap

Eleven years ago this month, Thailand made a laudable achievement by moving from the category of a lower middle-income country to an upper-middle-income country.

Bangkok Post

Amazon, Microsoft, Google Strengthen Grip on Cloud

The pandemic period has been a boon for the trio of companies that dominate cloud computing. Now as the economy enters another tumultuous phase, Amazon.com Inc., Microsoft Corp. and Google appear poised to extend their strength.

Bangkok Post

Are widespread layoffs coming? How the pandemic has changed employers' recession strategy

WASHINGTON — With the economy slowing, the post-pandemic surge is over for Wisconsin restaurant owner Patrick DePula and his four pizza and pasta places.

Los Angeles Times

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Croatia's PM proposes new candidate after finance minister resigns

Croatia's Prime Minister Andrej Plenkovic said on Wednesday that he proposed economy professor Marko Primorac as the new finance minister after Zdravko Maric filed his resignation in an unexpected move.

Reuters

US job openings slip, though remain at healthy level

U.S. employers advertised fewer jobs in May as the economy has shown signs of weakening, though the overall demand for workers remained strong

The Independent UK

Meta Remains Adamant On NFT Push In Contrast With Google, Apple To Secure Its Metaverse Ambitions

Meta Platforms, Inc (NASDAQ:META) pushed ahead with plans to launch access to digital collectibles to its 3 billion users amid the crypto meltdown, the Financial Times reports. Meta would in no way adjust its plans around so-called non-fungible tokens, said new fintech head Stephane Kasriel in an interview with FT. The efforts are…

Benzinga

Nadhim Zahawi: is new chancellor going to change direction on economy?

Analysis: Rishi Sunak’s successor treading tightrope between spending to keep PM in power and dealing with economic crisis

The Guardian - UK

Social unrest over spiralling living costs spreads to France's railways

Railway workers in France went on strike on Wednesday, disrupting travel across the rail network days before the summer holidays begin and at a time of unrest in other areas of the economy as high inflation eats into salaries.

Reuters

Pound slumps to two-year low against dollar as fears for UK economy deepen

Sterling has fallen 11% against the US currency this year

The Independent UK

From blockbuster to bust: Behind the precipitous drop in IPOs

Private companies are sitting on the sidelines in 2022 after a record setting year of initial public offerings fueled by cheap borrowing.

WEKU

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Axios

Too much inflation aid from states could prolong the problem

Some states drawing up plans to send more dollars into the economy at a time when prices are spiking.

Salon

Roe, Uvalde could upend Texas election

A history-making spring in Texas is laying the groundwork for a contentious final four months in the race

Daily Record

New Chancellor Nadhim Zahawi confirms taxes will go up as families continue to struggle

The Tory MP was appointed Rishi Sunak's replacement late last night after he sensationally quit over the handling of the Chris Pincher affair.

France 24

The secret lives of Iran's smugglers

Smuggling is a huge part of the Iranian economy. All kinds of products change hands illegally in Iran, from contraband items like alcohol and satellite dishes, to washing machines, phones and car parts. However, little is known about these people who operate in the shadows. We're joined by Ershad Alijani…

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news in one place.

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The Guardian - UK

Bank of England vows to get inflation back to 2%

Chief economist Huw Pill wants to make strategy plain to the public in hint of more interest rate rises

Daily Mirror

Sue Smith makes England prediction as Women's Euros campaign starts against Austria

Women's Euro 2022 starts on Wednesday as Sarina Wiegman's England take on Group A rivals Austria in the tournament opener at Manchester United's Old Trafford

The Guardian - UK

I help rich people tackle inequality. Here’s how the cost-of-living crisis could be fixed

Wealth inequality is destabilising our economy and threatening the fabric of our society, says Stephanie Brobbey of the Good Ancestor Movement

The Independent UK

Sri Lanka's crisis rings alarm for other troubled economies

Sri Lanka is desperate for help to weather its worst crisis in recent memory, but it’s not the only economy that’s in serious trouble as prices of food, fuel and other staples soar, partly due to the war in Ukraine

The Independent UK

Argentina's economic change underlines president's weakening

The abrupt resignation of Argentina’s economy minister has engulfed the country in an all-too familiar anxiety that flows from its periodic financial crises in recent decades

The National (Scotland)

Keir Starmer: Vladimir Putin would back Scottish independence

LABOUR leader Sir Keir Starmer has agreed with his Scottish counterpart Anas Sarwar that Vladimir Putin would back independence.

The Independent UK

Consumer confidence in UK economy at lowest point since pandemic says Which?

‘Relentless cost-of-living crisis is putting huge pressure on household finances’

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