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The Latest Breaking News from Economy

US, Africa Business Summit Discusses 'Building Future Together'

Moroccan Foreign Minister Nasser Bourita has said that Africa needs active partners who do not exploit short-term opportunities, noting that it is time for the continent to reap the fruits of its potential and play its pivotal natural role in the international arena. "It is time for Africa to reap…

Asharq Al-Awsat · Jul 21, 2022

Profile: Ranil Wickremesinghe, Sri Lanka’s new president

The veteran politician has been elected president by the members of Sri Lanka’s parliament.

Al Jazeera · Jul 21, 2022

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 · Jul 21, 2022

From analysis to the latest developments in health,
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Asia shares slip on inflation, China fears despite US rally

Asian shares have mostly fallen on persistent concerns about inflation and the Chinese economy, despite an overnight rally on Wall Street

The Independent UK · Jul 21, 2022

Interest rates: the three central banks facing one tricky balancing act

In the fight against inflation the ECB, Bank of England and Federal Reserve risk either doing too much too soon, or too little too late

The Guardian - UK · Jul 21, 2022

China investors call it quits as Xi, ‘zero COVID’ sap confidence

Overseas investors shed a record $150bn in yuan-denominated assets in the first quarter of this year.

Al Jazeera · Jul 21, 2022

Asia’s economic growth outlook slashed on China, Ukraine fears

Asian Development Bank forecasts region’s developing economies to grow 4.6 percent in 2022 amid worsening conditions.

Al Jazeera · Jul 21, 2022

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Role of BCG economy discussed at Apec forum

The Bio-Circular-Green (BCG) model, Thailand's new economic model for inclusive and sustainable growth, can boost business opportunities after the pandemic has subsided, local experts told an Asia-Pacific Economic Cooperation (APEC) forum yesterday.

Bangkok Post · Jul 20, 2022

Electric vehicle makers now aiming to win over mainstream buyers

They targeted early EV rollouts at customers who wanted a short-range economy car, then shifted to luxury buyers and pickup and delivery van drivers. Now, they want you.

Chicago Sun-Times · Jul 20, 2022

The cost of misrepresenting inflation

The inadequacy of monetary policy to address food-price-driven inflation has been recently flagged

The Hindu · Jul 20, 2022

Canadian Initiatives Award Millions For Cannabis Firms To Transform The Country's Prairies

Canadian federal agencies have made available millions of dollars for cannabis business expansion and research, reported MJBizDaily. The funds were allocated to businesses that contribute to transforming regional economies.

Benzinga · Jul 20, 2022

The Guardian view on the UK economy: what an almighty mess

An unprecedented number will spend this winter choosing between freezing and starving. Britain needs an active state to help

The Guardian - UK · Jul 20, 2022

Indian economy to grow 7-8% in next couple of decades: Panagariya

NEW DELHI: Indian economy, which has grown fairly rapidly in the last 17 years, will grow at 7-8 per cent in the next couple of decades, former Niti Aayog vice chairman Arvind Panagariya said on Wednesday.

The Times of India · Jul 20, 2022

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 · Jul 20, 2022

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StockNews.com · Jul 20, 2022

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…

Tribune News Service · Jul 20, 2022

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.

Reuters · Jul 20, 2022

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.

The Times of India · Jul 20, 2022

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.

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The Conversation · Jul 20, 2022

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.

Evening Standard · Jul 20, 2022

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?

Reuters · Jul 20, 2022

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.

The Independent UK · Jul 20, 2022

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

Asharq Al-Awsat · Jul 20, 2022

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…

Bangkok Post · Jul 20, 2022

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 · Jul 19, 2022

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.

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