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The Latest Breaking News from Economy

Rishi Sunak, Heir Apparent Who Ran Afoul of Boris Johnson

Rishi Sunak was seen as Boris Johnson’s natural heir, until he turned on the prime minister who put him in charge of Britain’s economy. The former Treasury chief, who quit earlier this month after questioning Johnson’s competence and ethics, is one of the two final contenders to replace Johnson as…

Asharq Al-Awsat

3 Beaten-Down Stocks to Avoid in July 2022

The Fed has indicated a 75 basis-point interest rate hike in its next meeting, increasing the odds of the economy tipping into a recession in the next 12 months. Given the deteriorating market sentiments, it could be wise to avoid beaten-down stocks The Walt Disney (DIS), Teladoc Health (TDOC), and…

StockNews.com

Fed rate cheat sheet: What all those terms really mean

With the recent interest rate hikes and rumblings about inflation, you’ve probably been hearing a lot about The Federal Reserve — and all the jargon that comes with it.

Tribune News Service

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Rishi Sunak faces image and tax challenges in UK PM run-off

Rishi Sunak will claim credit for steering Britain's economy through the COVID-19 crash but must overcome accusations that he is too rich and too willing to raise taxes to win the race to be the next prime minister.

Reuters

China property crisis: Why homebuyers are halting mortgage payments

NEW DELHI: A growing number of homebuyers in China have stopped making mortgage payments for properties, adding to the woes of the country's already troubled real estate sector.

The Times of India

St. Lawrence shoreline erosion: We must work with, not against, nature

The St. Lawrence riverbanks are eroding. This has an impact on infrastructure, economy and inhabitants’ well-being. It exposes communities to flooding and can destroy local ecosystems.

The Conversation

What is inflation? UK rate increases unexpectedly to 3.6%

Inflation has unexpectedly jumped to 3.6%. But what is it, how is it calculated and what does it mean for wages and mortgages?

Evening Standard

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Ukraine seeks debt freeze as war ravages economy

Ukraine has asked its international creditors, including Western powers and the world's largest investment firms, to freeze its debt payments for two years so it can focus its dwindling financial resources on repelling Russia.

Reuters

Liz Truss: Who is the foreign secretary hoping to become Prime Minister?

Social media savvy ‘human hand grenade’ seen as continuity candidate and faces uphill battle to displace Rishi Sunak

The Independent UK

Moody’s Projects Saudi Economy to Grow 3.9% by 2026

Moody’s credit rating agency has expected Saudi Arabia’s economy to register an average growth rate of around 3.9 percent during the period from 2022 to 2026. In an annual in-depth credit analysis report, it said the Kingdom’s credit strengths are derived from its robust government balance sheet, underpinned by moderate…

Asharq Al-Awsat

Central bank to ensure uninterrupted economic recovery

Thailand's economy has clearly recovered and the Bank of Thailand (BoT) will ensure the recovery is not interrupted by efforts to tackle higher inflation, BoT governor Sethaput Suthiwartnarueput said on Wednesday, amid expectations of an interest rate hike.

Bangkok Post

Explainer: Exploring the land scheme for foreigners

The government's latest bid to attract affluent foreigners involves offering the ability to purchase land for residential use in the country. While this proposal is intended to reinvigorate the economy, many analysts are urging caution.

Bangkok Post

Amazon pays £648m in UK taxes as revenues leap beyond £23bn and workforce grows to more than 70,000

Online giant says it is proud of 'significant economic contribution' to the UK economy.

Birmingham Post

World Bank urges more direct aid

Fabrizio Zarcone, the newly appointed World Bank country manager for Thailand, recommends three fiscal measures to help protect Thai households from shocks, build social cohesion and resilience while creating space for public investment.

Bangkok Post

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Ballotpedia

Economy and Society: July 19, 2022- Missouri Treasurer challenges ESG impact on public pensions

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

The Independent UK

Automakers targeting average households with new crop of EVs

In their first rollouts of electric vehicles, America’s automakers targeted people who value short-range economy cars

The National (Scotland)

Exhibition highlighting dangers of consumption to tour Scotland

A new interactive exhibition touring Scotland this summer hopes to get people thinking about our society’s “throwaway culture”

Newsroom.co.nz

The boom and bust of our polytechs

On January 1, Te Pūkenga will take over the country's 16 polytechnics and industry training organisations. Can a mega-merger bring the sector financial security?

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The Guardian - US

Apple reportedly will curb hiring next year in response to rocky economy

The company joins other tech firms in slowing hiring as fears grow that inflation will lower consumer demand

The National (Scotland)

72 000 more workers in jobs on payrolls than last year, ONS figures show

AROUND 72 000 people were in employment last month than in the same period last year, figures from the Office for National Statistics have shown.

StockNews.com

A Potential Bullish Case in the Midst of the Current Bear Market?

Since mid-June, market action has been pretty benign especially given the context of a bear market. It's clear that the economy is slowing which is a major bearish development as it increases the odds of an earnings contraction. But, there is also a bullish impulse as the S&P 500 (SPY)…

The Guardian - UK

Deregulation of the UK financial sector on top of a fragile economy will be disastrous

The government must face the reality that the oversized City is fundamentally broken, says Fran Boait of campaign group Positive Money

The Conversation

Inflation is rising in Kenya: here's why, and how to fix it

Inflation has hit many countries recently, from the United States to Sri Lanka.

Reuters

Cuba says no short-term fix for blackouts

Cash-strapped Cuba delivered the bad news to residents Monday evening that there was no end in sight to blackouts disrupting their lives and the economy.

WEKU

Yellen believes U.S. will get on board with global minimum corporate tax — eventually

Treasury Secretary Janet Yellen spoke to Morning Edition about global efforts to choke off much of Russia's profit from oil sales and the odds of a recession in the U.S.

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