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The Latest Breaking News from Economy

Infographic: How expensive are everyday items in Nigeria?

Since 2016, the Nigerian economy, Africa’s largest, has suffered two recessions; prices of necessities have soared.

Al Jazeera

How Rapid Inflation Can Work For You

Over the past year, the money supply in the United States has grown at an unprecedented rate and these alarming trends are showing significant signs of acceleration as coronavirus stimulus programs continue to pump trillions of dollars into the economy.

Benzinga

A key inflation gauge jumped 6.6% in March, most since 1982

An inflation gauge closely tracked by the Federal Reserve jumped 6.6% in March compared with a year ago, the highest reading in four decades, further evidence that surging prices are pressuring household budgets and the health of the economy

The Independent UK

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4 Stocks to Buy if You Think Inflation Will Keep Trending Higher in 2022

The economy is suffering its worst inflation in more than 40 years. In an inflationary environment, investors should look to bet on companies that possess sufficient pricing power, with products and services that face inelastic demand. Since many analysts expect inflation to continue trending higher despite interest rate increases, we…

StockNews.com

French economy flatlines, growth falls to zero in first quarter

French economic growth fell to zero in the first quarter of the year as households reduced their consumption due to rising inflation and the war in Ukraine, data showed on Friday.

Radio France Internationale

Gazprombank account not necessarily breach of sanctions -German Ministry

European energy firms can open special accounts with Gazprombank to pay for Russian gas, a key demand by Moscow, without breaching sanctions if transferring euros or dollars to them fulfils their contractual obligations, the German Economy Ministry said.

Reuters

Eurozone growth slips as Russia-Ukraine war pushes up energy costs

France’s economy stalls and Italy’s shrinks but Germany rebounds from contraction

The Guardian - UK

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Buoyant economy and housing market boost Danske Bank's Northern Ireland profits

The bank made £16.7M in the first quarter, up from £15.8M in the same period in 2021

Birmingham Post

Bloomberg reporters in Turkey acquitted over 2018 currency crisis article

A Turkish court on Friday acquitted 33 people, including two Bloomberg reporters and other journalists from local media, of spreading false information about the economy in an article and tweets at the height of a currency crisis in 2018.

Reuters

The U.S. economy's bad vibes era is about to meet reality

One of the most persistent storylines of the past few months may be about to enter a new chapter.

Axios

Scottish Game Fair expected to inject £5 million into Perth economy this summer

An estimated 35,000 people will descend on Scone Palace for the three-day event from July 1-3

Daily Record

Erdogan’s Visit is an Extension of Saudi-Turkish Strategic Relations

Turkish President Recep Tayyip Erdogan’s visit to Saudi Arabia on Thursday highlighted the comprehensive strategic relations between the two countries, amid the Russian-Ukrainian crisis and its impact on the global economy and supply and food chains. The visit is an extension of the trade, investment and economic relations, as well…

Asharq Al-Awsat

NatWest reports 40% profit jump as bank refers customers to debt experts

Strong first-quarter results come as group warns of ‘uncertain’ economy because of cost of living crisis

The Guardian - UK

China pledges more economic support as lockdowns stymie growth

Top decision-making body pledges package of measures to help industries and small firms affected by the pandemic.

Al Jazeera

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The Guardian - UK

Eurozone faces stagflation as prices surge; Russia cuts interest rates as recession looms – as it happened

Rolling coverage of the latest economic and financial news, including growth figures from across the eurozone

The Independent UK

Asian shares jump as Chinese leaders pledge help for economy

Stocks have advanced after Chinese leaders pledged to step up efforts to support the economy

The Conversation

Clive Palmer's promise to cap mortgage rates at 3% would make it much harder to get a home loan

Clive Palmer’s United Australia Party continues to make waves in the federal election campaign, most recently with advertisements on massive billboards pledging a “maximum 3% interest rate on all home loans for five years”. But does this promise stack up?

Insider UK

Business confidence bounces back in Scotland

Research reveals that Scottish businesses are looking to grow their teams and expand into new markets

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Reuters

Russia court orders early release of ex-minister jailed for corruption -Interfax

A Russian court has ordered the early release of former economy minister Alexei Ulyukayev, who was sentenced in 2017 to eight years in jail on corruption charges, Interfax news agency reported on Thursday, citing an unnamed source.

The Conversation

Yes, US economy may be slowing, but don't forget it's coming off the hottest year since 1984 – here's who benefited in 4 charts

The U.S. economy unexpectedly shrank in the first quarter, according to gross domestic product data released on April 28, 2022. While the reasons were technical and weren’t seen as signs of weakness, they add to worries that the U.S. might be headed for another recession as the Federal Reserve seeks…

ABC News

Apple warns of potential $US8 billion hit to earnings, Amazon shares plunge, ASX recovers

Apple and Amazon shares tumble in after-hours trade as they warn of inflation and supply constraints, while Australian shares follow Wall Street higher as investors shrug off downbeat GDP figures in the United States.

Bangkok Post

Household debt reaches 14-year high

Thai households are saddled with the highest level of debt in 14 years and prospects remain worrisome as the Thai economy has not yet recovered while the prices of goods keep rising, weakening consumer purchasing power.

Bangkok Post

Food chain 'must change'

The government is investing to accelerate food system transformation with a focus on knowledge and technology-based investment in a bid to ensure the country's food security, while reaffirming its commitment to the UN's framework through the Bio-Circular-Green Economy (BCG) model.

France 24

Some European energy firms consider paying for gas in roubles

Some European energy firms are considering a two-tiered payment scheme, which would comply with Russian demands for payments in roubles. German provider Uniper is among those arguing the system would comply with EU law – although Brussels has warned that companies could breach sanctions if they agree to the Kremlin's…

The Independent UK

Drop in US GDP challenges Biden's pitch to voters

The latest report on gross domestic product is complicating President Joe Biden’s pitch that the U.S. economy is strong

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