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The Latest Breaking News from Economy

2 Downgraded Stocks to Avoid at All Costs

The macroeconomic headwinds and the growing recession risks are leading to immense volatility in the stock market. While investors are awaiting the July inflation report, the Fed has signaled more rate hikes in the coming months, despite the slowing economy. Given the uncertainties ahead, we think it could be wise…

StockNews.com

5 High-Volume Stocks You Might Want to Avoid Right Now

Multi-decade high inflation and rising interest rate hikes have increased the odds of the economy slipping into a recession. Since the economic data releases and speculations surrounding them are expected to keep the market volatile, it could be wise to avoid high-trading volume stocks AMC Entertainment (AMC), Snap (SNAP), NIO…

StockNews.com

BlackRock Says There Is No 'Soft-Landing': Central Banks Will Have To Plunge Economy Into A Deep Recession To Stop Inflation

In the current uncertain macroeconomic environment, the world's largest asset manager, BlackRock Inc (NYSE: BLK), predicts there won't be a "soft landing" and prefers to be overweight investment grade (IG) credit over standard equities.

Benzinga

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Indian visitors to Dubai more than double to 8.58 lakh in January-June

MUMBAI: The number of Indian visitors to Dubai rose more than twofold to 8.58 lakh during January-June 2022 compared to the year-ago period, according to the Dubai's department of economy and tourism (DET).

The Times of India

Little-known €1 coin hack can help drivers slash fuel consumption levels in minutes

Experts have urged drivers to monitor their fuel economy and cut fuel consumption simply by checking their tyres

Irish Mirror

Brits could be paid thousands to move to idyllic Italian island in economy-boosting plan

Officials in Sardinia have offered young people thousands of pounds to move to some areas of the island where fewer than 3,000 people live to boost the local economies

Daily Mirror

After the Bear Market Rally What Comes Next?

The stock market is in the midst of an impressive and blistering rally. From the mid-June lows, the S&P 500 (SPY) is up 14%, while the Nasdaq Composite is closing in on a 20% gain. Some of the factors behind this rally are extreme bearish positioning, better than expected economic…

StockNews.com

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2022 Ram 2500 Power Wagon Review: Walking Tall

More like an extra-large Gladiator Rubicon than an F-150 Raptor, this plus-size rock crawler is tons of low-speed fun.

Motor1

Liz Truss refuses to commit to more cost-of-living support if she becomes PM

The Tory leadership contender said tax cuts are her priority to kick-start the economy.

The Independent UK

Population is an asset to the economy as it is linked to the scale of a market: Amit Shah

Modi government has brought 60 crore people out of penury, he says

The Hindu

The Most Stable REIT to Buy for a Recession

Economists believe that the economy has already entered a recession after two consecutive quarters of economic contraction. Therefore, one could consider investing in a stable REIT like Alliance Global Group (ALGGY) to generate steady dividend income and survive the market volatility. Read on to learn our view….

StockNews.com

‘Turning point’: Business collapses spike but local recession still unlikely, say economists

The number of businesses falling into administration spiked in July as economists warn the economy is headed towards a “turning point”.

The New Daily

Iran Makes First Import Order Using Cryptocurrency

Iran made its first official import order using cryptocurrency this week, the semi-official Tasnim agency reported on Tuesday, a move that could enable the country to circumvent US sanctions that have crippled the economy. The order, worth $10 million, was a first step towards allowing the country to trade through…

Asharq Al-Awsat

UK's Liz Truss still favours tax cuts over direct support on energy bills

Liz Truss, the frontrunner in the race to replace Boris Johnson as British Prime Minister, said on Tuesday she still favoured tax cuts to grow the economy instead of providing direct support to households facing unprecedented rises in energy bills.

Reuters

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Asharq Al-Awsat

Public Sector Strike Cripples Cash-Strapped Lebanon

Tarek Younes was once solidly middle class and felt he helped contribute to society as an inspector in the Lebanese government’s consumer protection agency. But the country's economic free-fall has eroded his income and civic pride. In his desperation, Younes has joined tens of thousands of public sector employees across…

Al Jazeera

Philippine economy grows 7.4 percent, slowing from Q1

Southeast Asian country’s economic expansion slows from 8.2 percent growth during the first quarter.

Asharq Al-Awsat

Turkey, Israel Prepare for Economic Conference to Push Ties Forward

Turkey and Israel are preparing to hold an economic conference in autumn to discuss the possibility of promoting economic relations, a political source in Tel Aviv revealed Monday. The source said that in preparation for the conference, Israeli Economy Minister Orna Barbivai appointed Ambassador Matan Safran as a new economic…

The Independent UK

Public sector strike cripples cash-strapped Lebanon

Tens of thousands of Lebanese public sector workers are on strike for a sixth week as they struggle to cope with the country's crippling economic crisis, further eroding what's left of the country's state institutions

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Al Jazeera

China’s gamers hit pause button amid few releases, tough economy

Video game revenues decline for first time on record amid Beijing’s regulatory crackdown and strict pandemic curbs.

Asharq Al-Awsat

One Year after Afghan War, Biden Struggles to Find Footing

The 12 months since the chaotic end to the US war in Afghanistan haven't been easy for Joe Biden. The new president was flying high early in the summer of 2021, the American electorate largely approving of Biden's performance and giving him high marks for his handling of the economy…

Bangkok Post

Finance minister favours modest rate hike to shield growth

The Bank of Thailand (BoT) should stay away from a steep policy tightening path to protect the economy’s nascent recovery while taming the fastest inflation in more than a decade, according to the finance minister.

Al Jazeera

Economy, political permutations at centre of Kenyan election

The vote is seen as a key test of stability for East African powerhouse and a referendum on the president’s legacy.

Chicago Sun-Times

Pritzker, Lightfoot tout city’s $422 million deal for green energy

“You’re really making clean energy the standard for buildings and for residents throughout our city,” Gov. J.B. Pritzker said at a news conference at the Chicago Urban League.

Wales Online

Swansea residents say they couldn't get to home or work because of nightmare traffic jams during Para Triathlon and Ironman events

But the sporting events have delivered a huge boost to the local economy

The Hindu

Macrovariable projections in uncertain times

International factors and faulty data will impact India’s projections of GDP, inflation and balance of payments

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