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The Latest Breaking News from Economy

Yellen: inflation to 'remain high;' hopes it's 'coming down'

Treasury Secretary Janet Yellen has acknowledged that she and Federal Reserve Chair Jerome Powell “could have used a better word” than transitory when describing the expected run of inflation in the U.S. economy

The Independent UK

Out of the Box Thinking for Today’s Market

I remember the end of March 2020, when the S&P 500 (SPY) started ripping higher, following a more than 35% decline over the previous few weeks. At the time, the consensus was that this was a bear market rally or an oversold bounce given the uncertainties involved. However, I remember…

StockNews.com

‘BJP has pushed country’s economy back by decades’

Belagavi

The Hindu

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3 Top-Rated Israeli Stocks to Add to Your Watchlist

Amid the uncertainties surrounding the U.S. economy, we think it could be wise to invest in quality Israeli stocks to cash in on the country’s favorable macroeconomic trends. Shares of Israel-based companies Teva (TEVA), ZIM (ZIM), and NICE (NICE) could be solid additions to one’s portfolio, given their fundamental strength.…

StockNews.com

Gig economy: ride-hailing and takeaway firms may not survive the cost of living crisis

They rose to great heights but have been falling back hard. The share prices of companies in the so-called gig economy have been performing abysmally, even compared to the woes of stock markets in general. This dates back some 18 months though it has intensified since last autumn.

The Conversation

World Bank dims outlook for global economy amid Russia war

The World Bank has sharply downgraded its outlook for the global economy, pointing to Russia’s war against Ukraine, the prospect of widespread food shortages and concerns about the potential return of “stagflation” — a toxic mix of high inflation and sluggish growth unseen for more than four decades

The Independent UK

Return to the 70s: World Bank warns of weak growth and high inflation

Stagflation feared as global economy suffers fallout from Covid pandemic and Russian invasion of Ukraine

The Guardian - UK

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Prayut: Central bank agrees to keep policy rate steady

The Bank of Thailand (BoT) has told the finance ministry that it will keep its policy rate at the current level to support the economy, Prime Minister Prayut Chan-o-cha told reporters on Tuesday.

Bangkok Post

Mum divides opinion after passenger 'swears at her' for reclining seat on flight

Taking to Mumsnet, the woman explained that she suffers from back pain and had paid extra for a seat in economy.

Daily Record

Pound wobbles amid concerns for economy after Tory leadership vote

The City is braced for a tough summer as it weighs up Britain’s prospects

Evening Standard

30-day visa on arrival for Saudi visitors

The cabinet on Tuesday resolved to allow Saudi Arabian visitors to get an extended 30-day visa on arrival, to help stimulate the economy.

Bangkok Post

Treasurer warns of ‘severity and magnitude of inflation challenge’ after RBA hikes official interest rate

Jim Chalmers responds to Reserve Bank decision to lift cash rate 50 basis points as Anthony Albanese declines to comment during Indonesia trip

The Guardian - AU

London’s economic recovery shows ‘levelling up’ struggles; stagflation fears rise – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Jordan Lays Out 10-Year Blueprint to Revive Economy

Jordan unveiled on Monday a major development strategy for the Middle Eastern country up to the next 10 years targeting doubling its growth to help it rejuvenate an economy hit by regional turmoil. The plan was a major plank of reforms pushed by King Abdullah since last year to help…

Asharq Al-Awsat

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Dynamite News

Sports: 5 key battles in SA series as Team India chases T20I world record

Team India will huddle back for international duty as they lock horns with South Africa in a five-match T20 International series from June 9. Read more on Dynamite News:

The Times of India

57 entrepreneurs awarded at ET Inspiring Leaders Summit in Uttarakhand

DEHRADUN: Uttarakhand governor Lieutenant general Gurmit Singh (retired) inaugurated the “Economic Times Inspiring Leaders: Uttarakhand 2022 Award” ceremony organised by Optimal Media Solutions, a Times group Company on Monday. During the event, 57 dynamic business leaders from different sectors, including education, manufacturing, medical and IT, among others, who have made…

Axios

America's glaring 54-point gap on financial well-being

The economy is working for a huge swath of Americans.

Bangkok Post

'Friend-Shoring' Might Be Bad for Global Growth and Inflation

As geopolitical tensions rise, Western governments have urged international companies to shift more business to friendly countries. Some critics think that could split the global economy into hostile camps, hurting growth and worsening inflation.

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Asharq Al-Awsat

Erdogan Promises More Rate Cuts, Plays Down Inflation in Turkey

Turkey will continue cutting interest rates rather than hiking them in the face of high living costs, President Tayyip Erdogan said on Monday, playing down inflation of more than 70% as one of several problems for the economy. In a speech, Erdogan also redoubled his commitment to boosting production, exports…

Benzinga

It's Time to Take Powell At His Word

No more lip service from you, Jay Powell. The Chairman of the Federal Reserve has notably been sanguine about inflation, the economy and the potential for creating a massive bubble that may be impossible to retreat from. Words are words, action is action. And frankly all one has to point…

The Hindu

Andhra Pradesh: Justice to all, appeasement to none is our hallmark, says Nadda

‘Indian economy is making rapid strides’

Benzinga

Hemp: A Win-Win Formula For Economy & Environment, Here's Why

This article was originally published in September 2020.

Bangkok Post

Fiscal, monetary policy must align to ensure full recovery: Arkhom

Thailand's fiscal and monetary policies must continue to align to ensure the economy will recover fully, the finance minister said on Monday.

Reuters

Ukraine rebases businesses from war front to shield vital producers

Oleg Averyanov's factory produced fire trucks and employed 600 people until it was forced to halt operations and close its doors as a Russian invasion force poured over the border into his region in northeastern Ukraine on Feb. 24.

Evening Standard

Musk and Dimon warn of heavy weather, but in the longer run we will survive

City Comment: Take a longer view on the economy

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