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The Latest Breaking News from Economy

70 years on and UK still mistakenly looks for economic miracle cure

During Queen’s reign, country has tended to move quickly from national gloom to premature belief that it has finally ‘cracked it’

The Guardian - UK

Death of the industry that built St Helens

The town's economy was built on two key industries

Liverpool Echo

Nigeria has just hiked interest rates: why it's the wrong recipe for curbing inflation

The Central Bank of Nigeria recently announced an increase in the interest rate, from 11.5% to 13%, a 1.5 percentage point hike that took effect immediately.

The Conversation

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read the most diverse news in one place.

‘We’re still struggling’: low unemployment can’t hide impact of low wages and rising inflation

Workers in Las Vegas are still feeling the effects of employers’ pandemic cuts – all made worse by rising inflation and low wages

The Guardian - US

Passengers told to avoid Tube on Monday during 24-hour RMT strike

Members of the Rail, Maritime and Transport union are walking out over jobs and pensions.

The Independent UK

Lessons learned from an analyst’s journey into COVID-Zero China

Wenting Shen usually travels to China annually as part of her job as an analyst and portfolio manager at investment company Harding Loevner, but the country’s strict “COVID Zero” policies and this year’s Winter Olympics in Beijing made it almost impossible to book a flight.

Tribune News Service

U.S. firms in China putting profit before human rights

WASHINGTON/BEIJING -- While China and the United States do not see eye to eye on many political issues, economic mutual dependence is growing stronger among their companies, regions and consumers. The U.S. government is wary of becoming excessively dependent on China and is seeking to "decouple" from China's economy in…

The Japan News/Yomiuri

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Business organisations should contribute to development of society, country: President Ram Nath Kovind

Speaking during the 90th year celebrations of the Merchants Chamber in Kanpur, he called on industries to contribute towards making India a net-zero emission economy.

The Hindu

2023 Honda HR-V's Engine Revealed By EPA Along With Fuel Economy

The compact crossover gets a bigger power plant for its next iteration.

Motor1

"Dear Elon, have fun on the moon"

The mega-billionaire said Friday his EV company will be cutting 10% of salaried jobs to brace for unsteady economy

Salon

To avoid ‘historic shellacking’ in midterms, Biden is promoting a sunny view of US economy

Much of America does not seem to be buying the optimistic vision that Biden and his team are selling

The Guardian - US

Biden's challenge: Inflation overshadows robust job gains

President Joe Biden came before the television cameras Friday to celebrate yet another month of healthy job growth and low unemployment and the fastest pace of hiring in four decades under his watch

The Independent UK

Elon Musk says layoffs will continue until vibes improve

In an email, the space freak told Tesla executives he has a “super bad feeling” about the economy.

Mic

Elon Musk has a 'super bad feeling' about the economy and wants Tesla to cut jobs

Musk wants the electric auto maker to cut 10% off its staff according to a Reuters report.

WEKU

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The Independent UK

Biden and Musk trade barbs over US economy as president wishes SpaceX boss ‘lots of luck on trip to moon’

The men have had a long-running public fued and have frequently traded insults

StockNews.com

4 Buy-Rated Stocks with Massive Dividends

As the better than expected jobs report is unlikely to give the Federal Reserve reason to pause its aggressive monetary policy tightening, and thus the economy could witness a slowdown, we think it could be wise to scoop up shares of high-dividend companies ZIM Integrated (ZIM), Western Midstream (WES), Stellantis…

Manchester Evening News

Andy Burnham's scathing response to government on Clean Air Zone - as 80,000 van drivers could be slapped with charges

'For government to seek to impose a Category C Clean Air Zone demonstrates no understanding of the nature of the air quality problem in Greater Manchester and would fundamentally damage our economy.'

Benzinga

Micron Shares Drop Following This Analyst Downgrade - Read Why

Piper Sandler analyst Harsh Kumar downgraded Micron Technology, Inc (NASDAQ:MU) from Neutral to Underweight and lowered the price target from $90 to $70. Kumar expressed concerns about Micron's over 50% exposure to consumer-like markets such as PCs, mobile, and others when the global economy will likely face headwinds. Kumar expects the company's chip business catering…

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Tribune News Service

Biden urges economic confidence despite inflation challenge

President Joe Biden touted the state of the U.S. economy following a better-than-expected May jobs report, even as he acknowledged its likely to be overshadowed by record-high inflation that’s causing pain for Americans.

Benzinga

Biden Slams Elon Musk's 'Super Bad Feeling' On Economy With 'Trip To The Moon' Wisecrack

President Joe Biden responded to Elon Musk’s comments about having a “super bad feeling” about the economy with a sarcastic quip about the Tesla (NASDAQ:

Input

Elon Musk, financial Nostradamus, has 'bad feeling' about the economy

He also proposed cutting 10 percent of all Tesla jobs.

France 24

Hungary's Russia oil embargo exception 'detrimental to security of Europe': Polish deputy FM

In the week that EU leaders agreed on a sixth round of sanctions against Russia, Polish Under-Secretary of State for Foreign Affairs Pawel Jablonski speaks to FRANCE 24 about the effect he hopes the measures will have on the Russian economy, his disappointment at the Hungarian government's stance regarding sanctions…

Benzinga

Mid-Morning Market Update: Markets Open Lower; US Economy Adds 390,000 Jobs In May

U.S. stocks traded lower this morning, with the Dow Jones dropping around 150 points on Friday.

The Independent UK

Biden says jobs report shows that US is in a good position to combat inflation

The US economy added 390,000 jobs in May, according to the Bureau of Labor Statistics

Tribune News Service

Conor Sen: Consumers are losers in a booming industrial economy

Reasons to worry about a recession are piling up: the Federal Reserve's inflation fight, a slowing housing market, warnings from retailers and venture capitalists and a smattering of layoff announcements. But one part of the labor market is sending a decidedly different signal. Goods-producing employment, which includes industries like manufacturing,…

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