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The Latest Breaking News from Economy

They're back! Why is France so popular with tourists?

Recent visitors to France will no doubt have noticed the return of foreign tourists. Two years of Covid-19 took a heavy toll on what is otherwise a booming business and an important part of the French economy. Now things appear to be looking up again for the tourist industry. For…

France 24

China Faces Grim Economic Prospects, Experts Say

Analysts say the slowdown is attributable not only to China’s Covid policies but also to a crackdown on private enterprise, especially in the technology sector.

The News Lens

N Korea gets offers of aid, 'prefers US-made vaccines'

SEOUL: North Korea is facing its first confirmed Covid-19 outbreak with no known vaccine programme, sparking new calls for the government to accept aid that could save lives, help protect its battered economy and may lead to a diplomatic opening.

Bangkok Post

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Elon Musk ‘still committed’ to Twitter deal after putting it on hold – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

New poll ties abortion with economy as most important issue of midterms

Republicans narrowly lead generic ballot as Supreme Court’s looming opinion reshapes election landscape

The Independent UK

Powell: 'Soft' economic landing may be out of Fed's control

Federal Reserve Chair Jerome Powell, fresh off winning Senate confirmation for a second four-year term, for the first time Thursday acknowledged that high inflation and economic weakness overseas could thwart his efforts to avoid a recession

The Independent UK

Charles Hoskinson Shares Plan To Avoid Economic Collapse: How Crypto Could Help

One of the biggest names in the world of cryptocurrency shared thoughts on the current state of the global economy and inflation this week.

Benzinga

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2 Consumer Cyclical Stocks to Avoid After Slashing Outlooks

Since the Fed’s aggressive interest rate hikes to fight inflation might tip the economy into recession, cyclical stocks could witness a significant downtrend. Therefore, we think it could be wise to avoid shares of cyclical companies Lear Corporation (LEA) and 1-800-FLOWERS (FLWS), which have cut their full-year guidance. Read on.

StockNews.com

With surgery waitlists in crisis and a workforce close to collapse, why haven’t we had more campaign promises about health?

This election campaign has been somewhat different to most past campaigns. Traditionally, the Coalition campaigns on the economy and defence, while the Labor Party tenders its credentials on health and education.

The Conversation

Senate confirms Powell for second term as Fed fights inflation

The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell’s high-stakes efforts to curb the highest inflation in four decades

The Independent UK

Senate confirms Powell for 2nd term as Fed fights inflation

The Independent UK

5 Consumer Staples Stocks to Protect Your Portfolio from Stagflation

Many experts believe that the Federal Reserve’s aggressive monetary policy to control surging inflation could push the economy into a recession. Since consumer staples companies weather recessionary pressure well because of inelastic demand for their products, we think it could be wise to bet on the stocks of fundamentally sound…

StockNews.com

2 Cannabis Stocks to Avoid After Stifel Cuts Their Price Targets

Surging inflation and the Fed’s hawkish monetary policy stance could keep the stock market under pressure in the near term. Amid the uncertainties surrounding the economy and the stock market, Stifel analysts are maintaining a negative outlook on the cannabis industry and have cut their price targets for the stocks…

StockNews.com

Rising prices are fuelling deep divisions in society

Letters: It is not a ‘cost of living crisis’, but the breakdown of the market economy, writes Dr Lindy Sharpe, while Elspeth Drew fears politicians have no understanding of everyday life

The Guardian - UK

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Liverpool Echo

Five key things we learnt from Wirral’s 13,000 homes plan

A key focus of the plan is building homes in the east of the borough

StockNews.com

4 Promising Small-Cap Stocks to Buy in May

The stock market plunged yesterday after a hotter-than-expected inflation data release. Many analysts believe it will be hard for the Fed to tame the surging inflation without pushing the economy into a recession. However, the market downturn presents an opportunity for investors to scoop up quality small-cap stocks Civeo (CVEO),…

The Hindu

Govt. committed to converting Kerala into knowledge economy: Minister

Golden jubilee block of Arts and Science College opened

Benzinga

Why IronSource Shares Are Falling Today

IronSource Ltd (NYSE:IS) reported first-quarter FY22 revenue growth of 58% year-on-year to $189.7 million, beating the consensus of $183.6 million. The non-GAAP gross margin contracted 200 bps to 85% as the costs soared 99% Y/Y. The non-GAAP adjusted EBITDA margin contracted 200 bps to 31%. Non-GAAP EPS of $0.05 beat the consensus of…

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Evening Standard

What is a recession? Gordon Brown warns Trump is pushing the world towards recession

‘No more than a narrow window of opportunity remains if we are to prevent an unnecessary global recession,’ warns former prime minister

Evening Standard

Evening Standard Comment: Boris Johnson and Rishi Sunak must be on the same side to fix the economy

The economic news is worse than expected. The economy shrank by 0.1 per cent in March, as hard-stretched consumers began reining in their spending. Ominously, the contraction came before April’s 54 per cent increase in the energy price cap and May’s interest rate rise.

The National (Scotland)

'Incompetent' PM and Chancellor blamed as UK heads for recession

BORIS Johnson’s “catalogue of failure” is inflicting poverty on millions of people, the Scottish Greens have warned as the UK was forecast…

Evening Standard

Deliveroo’s GMB agreement dubbed ‘cynical backroom deal’ by gig economy union

As part of the agreement, Deliveroo will recognise GMB as sole trade union for its riders.

Bangkok Post

Court declines to close Bluedragon's lottery platforms

The Criminal Court on Thursday rejected the Ministry of Digital Economy and Society's request to close Bluedragon Lottery Co's online lottery ticket sales platforms, ruling they did not cause overpriced tickets.

Evening Standard

Ignore the doomsayers, our economy isn’t going to hell in a handcart

Most commentary on the UK economy is relentlessly negative at the best of times, and with the cost of living soaring and the pound sinking these are far from the best of times. So a new report from the Resolution Foundation into the UK’s “Enduring Strengths” makes for a refreshing…

The Guardian - UK

A UK recession seems certain – the question is how deep will it be

Analysis: Rising prices, a tight labour market and a falling pound – the economy ticks every warning box

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Dipanjan BanchurSince

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