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The Latest Breaking News from Economy

Consumer confidence in the economy hits lowest point since the pandemic – Which?

Just 8% of consumers think the UK economy will improve over the next 12 months while 78% think it will worsen, according to the Which? survey.

The Independent UK

Ecuador president appoints Pablo Arosemena as economy minister

Ecuadorian President Guillermo Lasso appointed Pablo Arosemena, governor of the Andean country's Guayas province, as the new minister of economy and finances on Tuesday, hours after accepting the resignations of three ministers, including former Economy Minister Simon Cueva.

Reuters

US Treasury Yield Curve Inverts Again As Dow Jones Index Plummets 130 Points

The U.S. Treasury Yield Curve inverted Tuesday, July 5, while the SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA: DIA) fell 129.44 points. It's another sign that the economy is heading into a recession more and more each day.

Benzinga

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Utah’s Great Salt Lake hits new historic low amid drought in western US

Vast body of water sets second record low water level in less than a year putting birds and $1.3bn lake-based economy at risk

The Guardian - US

Operators awaiting B1.03bn stimulus

The tourism industry is awaiting a marketing stimulus budget of around 1.03 billion baht to help generate 265 billion baht in tourism receipts as a booster for the local economy this year.

Bangkok Post

Cannabis in the spotlight at BKK herb expo

The "National Herbs Expo" is back with a mission to help boost the economy, at Impact Exhibition Hall 11-12, Muang Thong Thani, from today until Sunday, from 10am to 8pm.

Bangkok Post

Michael Pascoe: Australian official briefed foreign power against RBA

While all eyes were on the Reserve Bank on Tuesday, an extraordinary story in the weekend press seems to have slipped by without notice.

The New Daily

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Economy braced for fresh wave of hurt amid calls for 'belt tightening'

Major flooding will drive up inflationary pressures for the economy.

The Canberra Times

2 Buy-Rated Stocks to Pick Up on Dips

The stock market started the second half of the year with gains. Moreover, the U.S. economy might succeed in dodging a recession, while the Fed is expected to reduce rates later this year. Given this backdrop, we think the dip in Buy-rated stocks Coca-Cola (KO) and Procter & Gamble (PG)…

StockNews.com

‘Rishi Sunak quits: Who is running the crumbling economy right now?’

Treasury left rudderless as chancellor dramatically resigns and Boris Johnson’s government falls deeper into chaos

The Independent UK

Long, moderate and painful: What next US recession may look like

Recessions, like unhappy families, are each painful in their own way.

Tribune News Service

These companies have laid off 2,200 workers in Texas so far this year

Recession fears are beginning to create ripples in the Texas economy, especially in the pandemic-era hot housing market fueled by historically low interest rates.

Tribune News Service

The space industry's bubble is at risk of bursting

The space economy is worth about $370 billion.

Axios

Ecuador's President Lasso accepts resignation of three ministers

Ecuador's President Guillermo Lasso on Tuesday accepted the resignations of three government ministers, including Minister of Economy and Finances Simon Cueva and Health Minister Ximena Garzon, the government said in a statement.

Reuters

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Motor1

2022 Hyundai Elantra N Review: Angry, Angular, Awesome

The 2022 Hyundai Elantra N is a punchy sedan that produces 286 horsepower and comes with either a six-speed manual or a DCT gearbox.

The Independent UK

Outlook for economy has ‘deteriorated markedly’ due to soaring prices, Bank of England warns

Households and lenders can weather storm caused by energy price spike, says Bank

The Independent UK

Baggage allowance guide 2023: Luggage limits for British Airways, Ryanair, easyJet and more

Wondering how much you can cram into your hand luggage on your next trip? Here’s what the major airlines flying out of the UK allows

France 24

Sixty years after Algeria’s independence, will surging prices bolster its dependence on oil?

The oil and gas sector has long been the backbone of Algeria’s economy, bankrolling the country’s regime while leaving it vulnerable to volatile markets. Despite the authorities’ stated aim to diversify the economy, analysts fear surging hydrocarbon prices will act as an impediment to reform.

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Reuters

Argentina's Paris Club talks on hold after Guzman resignation - sources

Argentina's meeting with the Paris Club group of lenders won't be held on Wednesday as planned in the French capital after former Economy Minister Martin Guzman resigned over the weekend, according to two sources with direct knowledge.

Irish Mirror

Budget 2023 'will balance helping people with protecting economy', says Paschal Donohoe

The Finance Minister refused to predict that the Budget would increase people’s living standards, stating that the economic outlook was currently too uncertain

Los Angeles Times

With a recession looming, here's what you need to know about unemployment insurance

The U.S. economy contracted by 1.6% in the first quarter of this year, setting the stage for a recession if economic output declines again in the second quarter, said economist Anil K. Puri, director of the Woods Center at Cal State Fullerton.

Dynamite News

Sri Lanka's PM Wickremesinghe challenges JVP leader Dissanayake to revive country's economy in 6 months

Sri Lanka's Prime Minister Ranil Wickremesinghe on Tuesday challenged Janatha Vimukthi Peramuna (JVP) leader MP Anura Kumara Dissanayake to revive the country's economy in six months.

Reuters

Russian parliament passes first vote on war economy measures

The Russian government will be able to compel businesses to supply the military with goods and make their employees work overtime under two laws to support Moscow's war in Ukraine that were approved in an initial vote in parliament on Tuesday.

Evening Standard

Londoner’s Diary: Francis Bacon friend hits out at Tate for returning archive

In Today’s Diary: Friend of Francis Bacon blasts Tate / Sir Ranulph still sleeps in his car/ Keir Starmer seems to blame economy for poll woes / Thomas Hardy tree to topple

Bangkok Post

Thai-Cambodian MoU on suppression of cyber scams approved

The cabinet on Tuesday approved a memorandum of understanding (MoU) to be signed between the Ministry of Digital Economy and Society of Thailand and the Ministry of Posts and Telecommunications of Cambodia on cooperation in the suppression of call centres and similar scam gangs, government deputy spokeswoman Traisulee Traisoranakul said.

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