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The Latest Breaking News from Economy

Starmer ‘pragmatic’ about nationalisation amid confusion over Labour’s policy

Shadow chancellor Rachel Reeves earlier indicated the party would not take rail, energy or water companies back into public ownership.

The Independent UK

Industrial policy options for southern Africa: scenarios set out possibilities and risks

There is a need to transform the underlying economic principles of the economies in southern African countries to address the persistent challenges of severe poverty and unemployment.

The Conversation

Conservative leadership race: Liz Truss and Rishi Sunak do battle on economy ahead of key debate

Both Tory leadership candidates said they would revitalise London’s economy following the pandemic

Evening Standard

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Keir Starmer: Labour will campaign on economic growth in the next general election

Labour’s Sir Keir Starmer promised he would lead a government focused on economic growth as he took aim at the two rivals competing for the Tory leadership.In a speech in Liverpool he said: “Our economy is weaker than our competitors, less resilient, brittle and ultimately we are all poorer for…

Evening Standard

Keir Starmer vows 'no magic money tree economics' in dig at Tory leadership hopefuls

The Labour leader hit out at 'Thatcherite cosplay' from Rishi Sunak and Liz Truss and said the economy would be 'strong, secure and fair' under Labour

Daily Mirror

Scottish circular economy deal-making expected to spike

The number of related investments increased by 64% from 72 in 2020 to 119 in 2021

Insider UK

‘Uncharted territory’: Five key takeaways on US inflation

What consumers feeling the pain of rising food and fuel prices need to know.

Al Jazeera

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Liz Truss: Who is the foreign secretary hoping to become prime minister?

Social media savvy ‘human hand grenade’ seen as continuity candidate and currently ahead of Rishi Sunak thanks to questionable tax promises and neo-Thatcherite branding

The Independent UK

Asian Shares Start Week Lower, Tracking Wall St Retreat

Asian shares tumbled Monday after a retreat on Wall Street spurred by disappointing economic data and corporate earnings. Oil prices also slipped. Investors are awaiting the next move by the US Federal Reserve, which is expected to raise its key interest rate again on Wednesday as it strives to beat…

Asharq Al-Awsat

Italy's government is in turmoil. Here's how it got there — and what's next

Mario Draghi helped restore the country's influence and reputation. With his resignation as prime minister, stability in Italy and the rest of Europe is unclear.

WEKU

Asian shares start week lower, tracking Wall St retreat

Asian shares have opened mostly lower after a retreat on Wall Street

The Independent UK

Starmer in challenge to Labour left with vow to prioritise economic growth

Labour leader promises to ‘reboot the economy’ with ‘strong, secure, fair’ growth

The Independent UK

Recovery steps falter

Parliament may cool down after legislators finished their job grilling the government in the censure debate last week, but how the Prayut Chan-o-cha administration will better combat economic hardship remains a burning issue.

Bangkok Post

Nothing special here

The economy is facing many challenges resulting from worsening global economic conditions.

Bangkok Post

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The Independent UK

Yellen downplays US recession as wave of economic data looms

Treasury Secretary Janet Yellen says the U.S. economy is slowing but pointed to healthy hiring as proof that it is not yet in recession

Tribune News Service

Yellen says signs of US recession aren’t in sight for now

WASHINGTON — Treasury Secretary Janet Yellen expressed confidence in the Federal Reserve’s fight against inflation and said she doesn’t see any sign that the U.S. economy is in a broad recession.

Edinburgh Live

Little known Edinburgh hack to charge your phone on Princes Street

Vital night time economy charity, Street Assist, have shared a handy little phone charging hack that should ensure those on a night out are never without their phone.

The Guardian - UK

Rebecca Long-Bailey calls for Labour to drop cautious approach to economy

Former leadership contender wants manifesto to include state ownership and a living standards contract for citizens

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Asharq Al-Awsat

High Expectations for Growth of Saudi Telecom Market

Saudi Arabia ranked third as the fastest growing economy among the G20 countries, and first in the world in the 5G average download speed. Some economists have raised expectations for the growth of the Saudi telecom market - the largest market in the Middle East and North Africa. Saudi Arabia…

Axios

A weird economy that may (or may not) become a recession

All signs suggest growth is weakening, but hasn’t fallen off of a cliff — yet.

The Guardian - UK

Rishi Sunak or Liz Truss? Whoever wins faces a bleak economic outlook

Inflation and a cost of living crisis mean the new PM will have little time to produce a feelgood factor

WEKU

The Fed's mission improbable: Beating inflation without causing a recession

Inflation is sky high. The Federal Reserve wants to bring it back to earth without crashing the economy. But achieving a so-called "soft landing" and avoiding a recession is easier said than done.

The National (Scotland)

Tory economics led to decade of stagnation in UK economy, LSE report finds

A DAMNING report on the UK economy warns Scotland will continue to suffer no matter who wins the Tory tussle to be the next prime minister.

Tribune News Service

Gavin Newsom vs. Florida continues, this time over unemployment rates

SACRAMENTO, Calif. — Republicans launched the latest round of California vs. Florida Friday, warning Gov. Gavin Newsom that comparing his state’s economy to Florida’s — and, by extension, his leadership to that of Gov. Ron DeSantis — is a “comparison Newsom is likely going to regret.”

Bangkok Post

Why Sri Lanka imploded so catastrophically

As Sri Lanka's economy unravels before our eyes, one must ask how this could happen in a country historically known for its high standard of living and stable economy. Sri Lanka's achievements go back decades, giving it a per capita GDP that is 70% higher than India's, and a life…

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