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The Latest Breaking News from Economy

Inflation spike 'extremely worrying' for struggling Scots, Kate Forbes says

SCOTLAND’S Finance Secretary has warned the state of the UK’s economy is “extremely worrying” as inflation hit a new 40-year high.

The National (Scotland)

Thai economy to grow 3% this year, 3.7% next year - state agency

Thailand's economy is expected to grow by 3% this year and 3.7% next year, driven by exports, increased domestic demand and a recovery in tourism, the state planning agency said on Wednesday.

Bangkok Post

Gradual hike in policy rate to limit side effects: BoT minutes

The Bank of Thailand's (BoT) rate committee held its key interest rate steady earlier this month, but noted that gradual hikes would allow the economy to adjust smoothly and limit negative side effects, minutes of the meeting showed on Wednesday.

Bangkok Post

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Tunisia Urges IMF to Consider Social Impact of Reforms

Tunisian President Kais Saied on Tuesday urged the International Monetary Fund to take into account the social impact of any economic reforms it may demand as part of a bailout package. The North African country has been in preliminary discussions with the global lender for a new loan to save…

Asharq Al-Awsat

Emir of Qatar Says Global Economy to Shrink by a Third

Emir of Qatar Sheikh Tamim bin Hamad Al Thani warned on Tuesday of a wave of global economic stagnation and inflation that the world has not seen in 45 years, citing a slowdown of growth in the global economy by about a third this year. Speaking at the opening of…

Asharq Al-Awsat

Inflation at new 40 year high of 9.1% - economy on ‘knife edge’

UK in clear danger of falling into recession

Evening Standard

UK inflation rises to fresh 40-year peak of 9.1% as cost of living crisis worsens – as it happened

Higher food, energy and record petrol prices push up inflation in May, as bread, cereal and meat become more expensive

The Guardian - UK

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Sri Lanka's crisis cripples once burgeoning middle class

Sri Lanka’s economic crisis, the worst in its history, has completely recast the lives of the country’s once galloping middle class

The Independent UK

Report reveals how much Brexit will cost Scots workers in next decade

BREXIT will lead to a “poorer and less productive” UK in the decade ahead, with workers in Scotland predicted to lose out the equivalent of…

The National (Scotland)

Brands are leaning on 'recycled' clothes to meet sustainability goals. How are they made? And why is recycling them further so hard?

Today we make more clothing than ever before. And the driver for this is primarily economic, rather than human need. Over the past decade, the term “circular economy” has entered the fashion industry lexicon, wherein materials are made to be reused and recycled by design.

The Conversation

Brexit is making cost of living crisis worse, new study claims

EU withdrawal fuelling higher import costs and costing British workers nearly £500 a year, says Resolution Foundation

The Guardian - UK

Workers' real pay will be cut by £470 thanks to Brexit, damning report says

A study by the Resolution Foundation think tank and London School of Economics details some of the outcomes of the decision to quit the EU - six years after the historic vote

Daily Mirror

UK begins trade talks with Gulf states

Expected deal expected could add around £270m a year to the Scottish economy

Insider UK

KTAM sees Chinese funds as overlooked for H2

Krungthai Asset Management (KTAM) recommends investing in the Chinese stock and fund markets in the second half of this year, expecting the country's recovering exports and the government's accommodative monetary policy to help boost the economy.

Bangkok Post

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Benzinga

Bill Maher Gets Schooled By His Own Guest On Inflation & The Stock Market (Video)

This article was originally published on June 21, 2022.

Benzinga

Here's Why This Analyst Slashed Twitter's Price Target By 39%

Rosenblatt analyst Barton Crockett maintained Twitter, Inc (NYSE:TWTR) with a Neutral and cut the price target from $54.2 to $33, below Tesla, Inc (NASDAQ:TSLA) chief's takeover bid. Crockett believed that the absence of the deal would lead to even lower share prices for Twitter. Social media comparables were already hit by a possible weakening ad market likely…

Benzinga

Why McKinsey & Co. Predicts Metaverse Valuation Will Soar To $5 Trillion by 2030

McKinsey & Company, a global consulting firm, announced that they see the metaverse growing into a $5 trillion economy by the year 2030.

Newsroom.co.nz

The importance of pelvic floor exercises

Bladder problems affect physical and mental wellbeing and cost the economy billions of dollars each year, writes Dr Jennifer Kruger

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Newsroom.co.nz

Do we need to fear another recession?

It came as a surprise to economists, but GDP fell 0.2 percent in the March quarter - is New Zealand in for another recession?

The Independent UK

Fed's Powell facing rising criticism for inflation missteps

Federal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of the pandemic recession

Birmingham Post

Compound semiconconducter cluster needs swift decision on Newport Wafer Fab says Economy Minister

Nexperia said it has invested £160m in its two UK fabs over the last 15 months

Benzinga

Is The US On The Brink Of A Recession?

Nearly 70% of academic economists recently surveyed by the Financial Times in partnership with the Initiative on Global Markets at the University of Chicago’s Booth School of Business expect the US economy to fall into a recession in 2023.

Belfast Live

The Earth's Corr: 'Gold diggers' now have access to a quarter of Northern Ireland

Department for Economy has issued 13 prospecting licences since 2016 with another four under consideration

Evening Standard

Spanners in the works that really aren’t needed

There is now a real risk of major disruption to the economy for the rest of 2022

Caixin Global

Fisher: Chinese Stocks Will Rebound With or Without More Stimulus

China’s economy doesn’t need that much help, as Covid reopenings will do the job of lifting the country out of its temporary stagnation

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