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The Latest Breaking News from Economy

Why the aviation industry must look beyond carbon to get serious about climate change

Commercial aviation has become a cornerstone of our economy and society. It allows us to rapidly transport goods and people across the globe, facilitates over a third of all global trade by value, and supports 87.7 million jobs worldwide. However, the 80-tonne flying machines we see hurtling through our skies…

The Conversation

Fed is hoping August hiring report will show slowdown

Raging inflation has so scrambled the economy that it’s come to this: If Friday’s jobs report for August were to show a significant hiring slowdown, the Federal Reserve — and even the White House — would likely welcome it

The Independent UK

German civil servants investigated over ‘spying for Russia’

Officials linked to energy supply suspected of trying to obstruct economic policies, reports Die Zeit

The Guardian - UK

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Is a recession coming? How to make the most of your paycheck

The economy is weird right now.

Los Angeles Times

‘Fantastic number’: TV anchors miss the nuance in 13.5% GDP growth

The Indian economy grew by 13.5 percent in the April-June quarter of 2022, according to data released by the National Statistical Office on Wednesday. This figure may sound impressive, especially given the dismal numbers over the past two years, but there is more than meets the eye.

Newslaundry

Summit’s lack of focus is partly the point: Three takeaways from a talkfest

Thursday's talkfest on the nature of employment in the Australian economy was dazzling for the diversity of its contributions.

The New Daily

Policy shock to set up prosperity: Garnaut

Renowned economist Ross Garnaut says Australians need to stop "kidding themselves about how well our economy is performing" as he calls for reform.

AAP

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Janet Yellen kicks off month-long economic victory tour to sell Biden's achievements

The Treasury secretary plans to spend some of her intellectual capital to make the case for Biden's economy.

Axios

Türkiye’s Economy Grows 7.6% in Q2 2022

Türkiye’s economy grew 7.6% year-on-year in Q2 2022 as expected, extending a hot streak on strong domestic demand and exports, according to new data on Wednesday. Gross domestic product (GDP) expanded 2.1% compared with the previous quarter on a seasonally and calendar-adjusted basis, Turkish Statistical Institute (TurkStat) data showed. A…

Asharq Al-Awsat

Transition body for coal workers proposed

The Jobs and Skills Summit has been told a transition agency for coal and gas workers would be critical to boost employment in a clean-energy economy.

AAP

South West business confidence rebounds amid economic turmoil

Business leaders in the region remain optimistic about the state of the economy over the next year

Birmingham Post

India’s economy grows by 13.5 percent but misses target

The jump came because of the low base of the previous quarter and economists have cautioned of a slowdown.

Al Jazeera

Zambia wins IMF board approval for $1.3 billion loan program

Zambia won International Monetary Fund approval for a $1.3 billion, 38-month loan program on Wednesday, a crucial step in the southern African country's quest to restructure its debts and rebuild an economy ravaged by mismanagement and COVID-19.

Reuters

Health or economy? Making the best impossible decision in the face of COVID-19

When Indonesia, Southeast Asia’s largest economy, first began grappling with COVID in 2020, its government was widely criticised for choosing to save the economy over people’s lives in its COVID-19 policies.

The Conversation

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The Conversation

The jobs summit needs to think big: here are 3 priorities for future-proofing Australia

This is an edited extract from Danielle Wood’s keynote address to the jobs summit. Read other articles in The Conversation’s series about the summit here.

Newcastle Herald

Workers at heart of just energy transition

There is much at stake, so Australia must prepare for a fair and equitable energy transition.

Bangkok Post

Central bank upbeat on prospects despite export dip

Exports dropped in July, mainly attributed to lower demand from trading partners in line with a riskier global economy, though Thailand's economy continues to see signs of recovery, says a Bank of Thailand executive.

Bangkok Post

Leaders urge varied economic focus

Industry leaders shared views of how the country should move forward, from creating multiple economic growth engines to the promotion of the electric vehicle (EV) industry, to allow Thailand to attain economic sustainability.

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Bangkok Post

Economy, politics shape year

The government will continue to use tax measures to subsidise high energy prices throughout the year to ease people's rising living costs, said Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

Office watchful as index dips

Industry authorities are monitoring the negative impact of the world economy on Thailand for the next 1-2 months after the Manufacturing Production Index (MPI) in July fell for the second consecutive month.

The Independent UK

Yellen warns of failure to agree on Russia oil price cap

Treasury Secretary Janet Yellen is warning that a failure to place a price cap on Russian oil would hurt the global economy

Benzinga

These 4 Energy Stocks Are Rising As Russia Cuts Off German Gas Supply

The United States Oil ETF (NYSE: USO) dropped 1% but the Energy Select Sector SPDR Fund (NYSE: XLE) gained 0.5% on Wednesday as investors digest mixed data on the strength of the global economy and the outlook for energy dema

Tribune News Service

Justin Fox: Biden's economy has the best growth record since Clinton

We’re more than a year-and-a-half into Joe Biden’s presidency, with full second-quarter economic growth numbers from the U.S. Bureau of Economic Analysis now in hand. Which seems like as good a time as any for another installment in my occasional series comparing growth rates under U.S. presidents — which somewhat…

Newsroom.co.nz

Locking in our high-priced dependence on metals for clean energy

A net zero economy requires much more renewable electricity generation – new modelling shows that by 2040 NZ will need to invest half a billion dollars in the metals for wind turbines alone.

The Conversation

Angola's MPLA has been in power for nearly 50 years. The big challenges they must fix

Angolan president João Lourenço, who has been returned to power with a greatly reduced majority, faces the challenging task of turning around the economy and improving the living conditions of the majority, particularly young people.

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