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The Latest Breaking News from Economy

Can we avoid a recession? What we can learn from the Kiwis

New Zealand property prices have fallen every month this year following a series of punishing interest rate hikes that began last October. So far, the hikes have yet to dent inflation.

ABC News

Minaikher to Asharq Al-Awsat: Our Only Choice Is Supporting Political Solution in Yemen

Gulf Cooperation Council Ambassador to Yemen Sarhan al-Minaikher has been a witness to key developments in the war-torn country for years. In 2013, the young Saudi worked closely on the national dialogue. He witnessed the developments that followed and that impeded the political process in the country and resulted in…

Asharq Al-Awsat

WA Police Union claims mental health, not strong employment market, behind officer exodus

The West Australian government rejects claims by the Police Union that dissatisfaction is behind hundreds of officers leaving the force, instead saying it is a sign of the booming economy.

ABC News

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Argentina has new economy minister after abrupt resignation

Argentina has a new economy minister just a day after the abrupt resignation of her predecessor shook the governing coalition at a time it was already having a crisis of unity

The Independent UK

Economic worries trump Covid

The highly transmissible BA.4 and BA.5 sub-variants of Omicron are keeping people alert to a possible outbreak, but Covid-19 may not be the most serious concern as the economy ambles forward.

Bangkok Post

Proposed culture avenue part of soft power push

The Ratchadamnoen Knowledge & Culture Avenue, expected to promote the creative economy and soft power, is scheduled for cabinet approval soon.

Bangkok Post

Recession Ireland: Majority of public believe we are heading for recession - poll

Almost four out of five people think the economy is heading for a slump

Dublin Live

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Parents dipping into children’s savings to pay soaring bills, poll finds

Britons are lifting around £8.5m a day from their children as costs continue to soar, survey found

The Independent UK

Argentina president names new economy chief after shock Guzman exit

Argentine President Alberto Fernandez named economist and government official Silvina Batakis as the new economy minister late on Sunday after the abrupt resignation of long-standing minister Martin Guzman amid crises and tensions.

Reuters

Steel tariffs plan one of Boris Johnson’s ‘worst decisions’, says ex-trade minister Liam Fox

PM has put economy ‘at risk’ of tit-for-tat measures, says Brexiteer MP

The Independent UK

Canada needs to build more affordable housing for newcomers

The relationship between newcomers and the Canadian economy involves three key pillars: job availability, a sufficient population of working age and affordable housing. All three pillars must be supported by the government — if one is missing, the entire system collapses.

The Conversation

Prayagraj: No. of registries jump manifold two years after Covid pandemic

Prayagraj: After two years of slowdown owing to the pandemic and phases of lockdown, the economy has started showing signs of recovery, the growing number of registries has indicated.

The Times of India

Argentina Economy Minister Guzman resigns as divisions grow

Argentine Economy Minister Martin Guzman resigned Saturday, marking the biggest departure of President Alberto Fernandez’s government after infighting within the ruling coalition escalated.

Tribune News Service

Argentine economy minister resigns amid peso, diesel woes

Argentina's economy minister has submitted his resignation at the end of a week in which the peso hit an all-time low against the dollar and truck drivers struck diesel shortages

The Independent UK

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Reuters

Argentina economy minister, IMF deal architect, quits as government crisis builds

Argentina's economy minister Martin Guzman, the architect of a recent major debt deal with the International Monetary Fund (IMF), resigned on Saturday as deep splits emerged in the ruling coalition over how to handle mounting economic crises.

ABC News

Gold Coast Marathon goes ahead for first time since 2019, with 20,000 entrants

The event is a $30 million boost for the local economy, with thousands of elite and recreational competitors travelling from interstate.

The Guardian - UK

If the economy needs sacrifices, it will be workers who are thrown to the wolves

It’s a time of national emergency, the Tories tell us. But restraint is not a matter for everyone

The Guardian - UK

Is it back to the 1970s for the UK economy? Yes, but not in the way you think

When Marc Bolan was urging us to Get It On, life in the UK was very different, but now, as then, pitiful levels of business investment make us all poorer

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The Guardian - UK

Dashboard of decline: seven charts that explain Britain’s economic crisis

The UK looks set for a recession and a longer battle with inflation than many of its neighbours. This is why

StockNews.com

Recession is Here...Watch Out Below!

More and more it looks like recession is here. This includes a dramatic decline for ISM Manufacturing discovered this morning. As you likely know, most economist call manufacturing the "canary in the coal mine" for the US economy as it often shows weakness before other areas. In fact, GDP Now…

The New Daily

How to save money on fashion and still look great

In an uncertain economy it doesn’t quite seem like the time to spending money on fashion so before you click the 'buy now' button, try these tricks at home.

Asharq Al-Awsat

UAE, Indonesia Sign Comprehensive Partnership Agreement

UAE President Sheikh Mohammed bin Zayed Al Nahyan held talks with his Indonesian counterpart, Joko Widodo, in Abu Dhabi on Friday. Discussions tackled bilateral ties and various aspects of joint cooperation in the fields of investment, economy and trade to support the sustainable development efforts and achieve the aspired prosperity…

Asharq Al-Awsat

Yemenis Hail Announcement on Accelerating Aid from Saudi Arabia, UAE

Yemenis welcomed the announcement that aid from Saudi Arabia and the United Arab Emirates will be accelerated to the war-torn country. The aid, worth around 3.3 billion dollars, will improve services, most notably electricity, water and transportation, and boost the economy and local currency. Chairman of the Yemeni Presidential Leadership…

Foreign Policy

Biden’s Indo-Pacific Economic Framework Is a Paradigm Shift

The United States can no longer afford to buy geopolitical allies with market access.

Daily Record

Rutherglen schoolkids scoop enterprise award with clever app

Pupils from Trinity High youngsters have been honoured through the Circular Economy Challenge of Young Enterprise Scotland.

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