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The Latest Breaking News from Economy

Biden insists US economy ‘going to be fine’ after stock market plummets amid reports of continued inflation

Unemployment remains low, the president said

The Independent UK

Thailand's northern residential market rebounds to pre-Covid levels

The residential market in key northern provinces is reviving to pre-Covid levels following a recovery in tourism, which is boosting the local economy, though higher development costs remain a concern.

Bangkok Post

Inflation surprise puts onus on Fed to hit brakes even harder

The U.S. economy has shown surprising resilience in the face of the fastest inflation and interest-rate hikes in a generation. That means the Federal Reserve will have to stomp even harder on demand.

Tribune News Service

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Sentiment improves as recovery gathers pace

Consumer confidence picked up for the third straight month in August, helped by growing exports, recovering tourism, and improved business activities following the relaxation of pandemic restrictions.

Bangkok Post

How is Liz Truss’s government challenging ‘Treasury orthodoxy’?

Sir Tom Scholar’s removal as Treasury’s top mandarin signals attempt to change department’s view of the world

The Guardian - UK

2 Potential Paths for the Stock Market

Labor Day is the unofficial end of summer. It's time to buckle down and get serious for the last 3 months of the year before things once again go on hiatus during the second half of December. Given the onslaught of news and historical developments, there's no reason to expect…

StockNews.com

Exclusive-Germany drawing up new China trade policy, vows 'no more naivety'

Germany's economy minister said on Tuesday the government was working on a new trade policy with China to reduce dependence on Chinese raw materials, batteries and semiconductors, promising "no more naivety" in trade dealings with Beijing.

Reuters

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India not defending INR; Rupee can take care of itself: Chief Economic Advisor Anantha Nageswaran

Chief Economic Advisor V. Anantha Nageswaran said the Rupee is being managed in a manner that reflects the fundamentals of the economy.

The Hindu

Update as search takes place to find buyer for Doncaster Sheffield Airport

Over 2,700 jobs could be at risk

Nottingham Post

Ravi Bishnoi has got age on his side; should now perform to become undroppable: Sunil Gavaskar

NEW DELHI: With his sharp googly and attacking mindset, young leg-spinner Ravi Bishnoi has been one of the finds for India in T20Is this year. Since his debut against the West Indies in Kolkata this year, where he bagged the 'Player of the Match' award, Bishnoi has picked 16 wickets…

The Times of India

Ethiopia's economy struggles as war reignites in Tigray

Once home to one of Africa’s fastest growing economies, Ethiopia is struggling as the war in its Tigray region has reignited and weary citizens far from the front are pleading for peace

The Independent UK

BOI visits ‘Studio Park’ in Samut Prakan

Mr. Narit Therdsteerasukdi, Deputy Secretary General of the Thailand Board of Investment (BOI), together with Mr. Narucha Ruchuphan, Senior Executive Investment Advisor, and a team from the Creative Economy Agency, visited Studio Park in Samut Prakan, on 2 September 2022, where they were welcomed by Mr. Chayanont Uli, CEO. The…

Bangkok Post

Pressure builds on Japan to return to unrestricted tourism by end of month

Businesses want prime minister Fumio Kishida to loosen restrictions to help the world’s third-biggest economy recover from the pandemic

The Guardian - AU

Biden seeks to make economy an election asset — if prices ease

President Joe Biden is trying to capitalize on a sudden spate of positive economic news to turn Democrats’ biggest political liability into an unlikely election-year selling point.

Tribune News Service

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ABC News

In Argentina, where inflation is expected to hit 95 per cent by year's end, people mourn the 'death' of their wages

Amid political scandals, unrest and failed assassination attempts, hyperinflation in Argentina once hit 5,000 per cent. Now, with real wages plummeting, the country is lurching closer to familiar disaster.

Evening Standard

How much does a state funeral cost? Queen’s funeral revealed to have cost£161.7 million

The Treasury has revealed how much the late, long-serving monarch’s funeral cost the Government

The Conversation

Energy crisis: the UK is still heading for widespread fuel poverty – despite the government’s price cap

Fuel poverty kills thousands of people in the UK each winter. It means being unable to afford to heat a home to a safe and comfortable level, typically when 10% or more of household net income is spent on fuel. It damages our health, wellbeing and educational attainment and makes…

The Hindu

Air India to take 30 planes on lease

Carrier to offer premium economy seats in five wide-body aircraft

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The Conversation

Zimbabwe's informal sector plays a key role in skills development but gets no recognition

The informal sector plays an important role in the development of skills among Zimbabwe’s disadvantaged groups, and should be recognised as an alternative training path for those who cannot access formal training.

The Guardian - UK

You might expect Conservatives to resist workers’ rights, but Labour? Only the Greens stand with strikers

Higher wages would help with both the cost of living crisis and the climate crisis, says Zack Polanski of the Green party

Evening Standard

Recession watch: Will the economy shrink this year after it grew in July? – City experts look ahead

Can the energy price cap help the stuttering UK economy avoid a full-blown recession?

Evening Standard

The reign of Charles III begins in circumstances much like those of 1952

Like the start of his mother’s reign all those years ago, King Charles III’s reign has begun in the middle of a war. Today, it is the war in Ukraine. In February 1952, it was the Korean War.

Evening Standard

Economy grows and pound rallies as City hails new stock market floats

Two new investment trusts are planning to come to market in London, after a weak run for dealmaking this year

The Japan News/Yomiuri

COVID-19 policy puts brakes on China's economy

BEIJING -- A shadow has fallen over China's economy amid a resurgence of infections with the novel coronavirus. Nearly 50 cities are under lockdown, with factories shuttered and over 200 million people forced to limit their activities.

Daily Mirror

Australian Prime Minister faces backlash over last-minute bank holiday for Queen

Australian Prime Minister, Anthony Albanese, has landed himself in hot water over the decision to announce an 'unanticipated' bank holiday this month, as it will cost the economy billions of dollars

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