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The Latest Breaking News from Economy

Spectre of 2023 global recession looms

In economics, there is no such thing as a surprise. Major economic events like rising inflation, interest rate hikes, currency depreciation, even economic recession can be detected as far as a year ahead.

Bangkok Post

Mum slammed after fuming at British Airways for 'separating' her from two year old son

A mum has taken to Mumsnet to fume over British Airways after she was left unhappy with her seating choice during her Premium Economy flight with her son and husband - But not everyone agrees.

Edinburgh Live

Stocks slump again. This time, it's retailers such as Target spooking investors

The Dow fell by more than 1,000 points as retailers' earnings reports reflected difficulty navigating higher prices and supply chain bottlenecks.

WEKU

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After prospering in the pandemic, Target is now a symbol of inflation's impact

Target Corp., whose growth in the pandemic pushed its stock to record heights, on Wednesday became a symbol of inflation's toll on the American economy.

Tribune News Service

Nottingham Forest promotion would go 'far beyond' £170m value of Wembley final for the city

£170m is how much the Championship play-off final is estimated to be worth

Nottingham Post

UN Drops Forecast for Global Economic Growth in 2022 to 3.1%

The United Nations on Wednesday significantly lowered its forecast for global economic growth this year from 4% to 3.1%, saying the war in Ukraine has triggered increasing global food and commodity prices and exacerbated inflationary pressures, upending the fragile recovery from the COVID-19 pandemic. The mid-2022 forecast from the UN…

Asharq Al-Awsat

Biden's burdens grow: Sagging global economy adds to US woes

President Joe Biden embarks for Asia on Thursday facing a new risk for the economy at home: a global economic slowdown caused by Russia’s invasion of Ukraine and the pandemic shutting down Chinese cities and factories

The Independent UK

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UN envoy: US sanctions on Iran worsen humanitarian situation

A United Nations special envoy says that the sweeping U.S. sanctions imposed on Iran have badly impacted the country's economy and worsened the humanitarian situation in the Persian Gulf nation

The Independent UK

3 Commodity ETFs to Protect Your Portfolio from Stagflation

The U.S. economy is facing significant stagflation risks due to raging inflation, ongoing geopolitical crisis, and an economic slowdown. However, amid rising commodity prices, commodity funds serve as solid hedges against inflationary pressures. So, we think commodity ETFs iShares S&P GSCI (GSG), First Trust Global Tactical (FTGC), and KraneShares (KRBN)…

StockNews.com

UN drops forecast for global economic growth in 2022 to 3.1%

The United Nations is significantly lowering its forecast for global economic growth this year from 4% to 3.1%

The Independent UK

Welcome to the Everything Everywhere All At Once economy

Is this the Everything Everywhere All At Once economy? City Editor Oscar Williams-Grut thinks so, and he makes a compelling case.

Evening Standard

Qatar to boost investment in Spain by $4.9 billion

Qatar is set to boost investments in Spain by $4.9 billion in the coming years as it piggybacks on the rollout of the European Union's pandemic recovery plan

The Independent UK

Edinburgh games tech firm buys AI business

Acquired company's chief executive becomes new chief AI officer

Insider UK

Robinhood on Volatility, Regulation, and the New Retail Investor - Roll Call

Robinhood Chief Legal Officer Dan Gallagher joins Fintech Beat on changes in the economy and regulation mean for the company.

Roll Call

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France 24

Sri Lanka's economic crisis: 'It's not looking good' for Rajapaksa family

Sri Lanka is in the grip of its worst economic crisis in decades, facing depleted petrol reserves, food shortages and a chronic lack of medical supplies. More than a month of mainly peaceful protests against the government's handling of the economy turned deadly last week when supporters of the former…

Evening Standard

City comment: Welcome to the Everything Everywhere All At Once economy

What to call this economic moment we are living through?

France 24

Japan's economy shrinks amid Covid-19 curbs and rising prices

Japan's GDP fell at an annualised rate of 1 percent in the first three months of this year as the Omicron variant of the coronavirus hampered consumer spending. Rising commodity prices also weighed on businesses in the world's third-largest economy. Plus, as unemployment remains stable in France at 7.3 percent,…

Reuters

More pain in Sri Lanka before any resolution to crisis

Sri Lanka's central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, as the prime minister said supplies had been locked in for at least a month.

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Bristol Post

City Centre welcomes brand new anti-sexual harassment murals as part of Bristol Nights campaign

The two murals have been curated collaboratively by three Bristol artists and UPFEST

The Guardian - UK

The Bank of England can’t save people from this cost of living crisis – that’s Boris Johnson’s job

Faced with the the biggest inflation rise in 40 years, the Bank must do more than berate workers, says Sahil Dutta, lecturer in political economy

Asharq Al-Awsat

Berlin... Ukraine Crisis to Birth New Era Bearing Putin’s Fingerprints

Journalists are like grave diggers. They live off the tragedies of the world. They dream of being present at major turns and events that are usually soaked in blood, costly to the economy and beget refugees. They find joy in writing from within upheaval. In that tradition, I am writing…

Daily Record

GMB host Richard Madeley makes bet with Liz Truss over windfall tax after Tory MPs vote it down

The GMB host said he would make a bet with the Foreign Secretary Liz Truss that the government would perform a u-turn on the Labour plan.

Evening Standard

Four more rate hikes this year, warns City as inflation takes toll

THERE will be at least four more interest rate rises this year and a surge of insolvencies as inflation takes its toll on an increasingly shaky UK economy.

The Independent UK

Japan's quarterly economy contracts as energy prices soar

Japan’s economy shrank at an annual rate of 1% in the first quarter, as rising prices and COVID-19 restrictions deadened spending and investment

The Independent UK

Trevelyan plans to ‘de-Putinise’ world economy by ending reliance on Russian gas

International Trade Secretary Anne-Marie Trevelyan will set out plans to boost green technology to help wean countries off fossil fuels.

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