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The Latest Breaking News from Economy

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.

The Conversation

Economy likely to grow at 7-7.4% in FY23, says finance secretary

NEW DELHI: The government is expecting the economy to grow at 7-7.5 per cent in 2022-23, in line with its projections made at the beginning of this financial year.

The Times of India

India's Q1 GDP grows at fastest pace in a year: Key takeaways

NEW DELHI: India's gross domestic product for the period April-June 2022 came in at 13.5%, data released by Centre showed on Wednesday.

The Times of India

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German Economy Ministry officials flagged over possible Russia ties - Die Zeit

The German Economy Ministry has asked the country's domestic intelligence agency BfV to look into two senior ministry officials over concerns about their possible ties to Russia, Die Zeit weekly reported on Wednesday.

Reuters

India quarterly growth rises to 13.5% after pandemic slump

The Indian government says the country's economy grew by 13.5% in the April-June quarter from a year earlier, pushed up by a boost in agriculture and manufacturing as pandemic curbs eased

The Independent UK

Borrowing costs on UK’s debts hit by biggest monthly rise since 1986

Heaping pressure on incoming prime minister, 10-year government bond yields shoot up to 2.78%

The Guardian - UK

US companies added 132,000 jobs in august, new ADP data show

U.S. companies increased headcount at a relatively sluggish pace in August, according to a revamped private report that suggests hiring is downshifting in an economy buffeted by high inflation and rising interest rates.

Tribune News Service

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Slovak economy minister resigns amid govt row, ready to discuss next steps

Slovak Economy Minister Richard Sulik said on Wednesday he had tendered his resignation and was ready for further coalition talks to help defuse a row that has engulfed the government.

Reuters

Finance Minister to review state of economy at FSDC meeting on September 15

FSDC is the apex body of sectoral regulators, headed by the Union Finance Minister

The Hindu

Texas’ cotton industry is facing its worst harvest in years — costing the state more than $2 billion

Cotton is Texas’ largest crop, and industry experts say they expect just half the normal annual yield — which will drive up costs for consumers.

The Texas Tribune

Ukraine, censorship and endless war

The U.S. is not officially at war with Russia — but our war economy demands conformity and suppresses dissent

Salon

Germany ramps up military exports, mainly to arm Ukraine

German exports of military equipment have surged so far this year as Berlin supplies arms to Ukraine to help it defend itself against Russia's attack, the Economy Ministry said on Wednesday.

Reuters

Japan Says Financial Aid for Tunisia Hinges on IMF Deal

Japan will consider financial assistance to Tunisia once a deal with the International Monetary Fund (IMF) is reached, head of the Japan International Cooperation Agency (JICA) Tanaka Akihiko has announced. Tunisian Minister of Economy and Planning Samir Saied signed last week a memorandum of understanding (MoU) for several projects in…

Asharq Al-Awsat

Pound heads for worst month since 2016 against US dollar; eurozone inflation hits record high – as it happened

Pound and UK government bonds have suffered a torrid month, as Rishi Sunak warns of risk that markets lose faith in UK economy

The Guardian - UK

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The Guardian - AU

China places millions into Covid lockdown again as economy continues to struggle

Key cities of Shenzhen, Guangzhou and Dalian are under curbs again, amid protests and data showing factory slowdown

Bangkok Post

Economy to grow up to 3.5% this year, finance minister says

The economy is expected to grow 3% to 3.5% this year, with a slow but steady recovery as the crucial tourism sector picks up and exports remain good, Finance Minister Arkhom Termpittayapaisith told a business forum on Wednesday.

The Conversation

'A consequential but ultimately tragic figure': last leader of the USSR Mikhail Gorbachev dies aged 91

Few world leaders have cut a more consequential but ultimately tragic figure than Mikhail Sergeyevich Gorbachev, whose death at the age of 91 has been announced by Russian state media.

AAP

Unis could help end skills shortage: Scott

University of Sydney vice-chancellor Mark Scott has urged the government to put a greater emphasis on higher education to boost the economy.

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news in one place.

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The Philadelphia Inquirer

Philadelphia mayor, Creative Philly announce they will issue open call for artists for $500K Harriet Tubman statue

PHILADELPHIA — Mayor Jim Kenney and the Office of Arts, Culture and the Creative Economy have withdrawn the $500,000 no-bid commission for a new Harriet Tubman statue and will now open the process for other artists.

360info

New, lasting, economic models of tourism

Creating new economic structures for tourism will require a fundamental shift in values.

360info

Lessons from tourism economies that serve the community

Tourism revenue doesn’t always benefit the local people and economy. It’s time to change that.

Al Jazeera

Mikhail Gorbachev: The rise and fall of the last Soviet leader

Mikhail Gorbachev, who has died aged 91, was revered in West but criticised by many Russians for overseeing end of USSR.

ABC News

What was the Commonwealth Employment Service? Why are people calling for it to return?

The Commonwealth Employment Service grew out of a realisation that unemployment had been a policy choice, but it fell out of government favour in the late 1980s and was privatised in 1998, leaving many former staff mourning what was once possible.

The Independent UK

Mikhail Gorbachev: Soviet Union’s final president who changed world history

‘An epoch in world history came to an end directly as a result of his actions’

Birmingham Post

UK Government needs to urgently act to support firms facing spiralling energy costs says Welsh Government

There are fears that many firms across the economy will go bust without financial support

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