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The Latest Breaking News from Economy

Yellen to meet Polish prime minister at start of trip to G7 finance meeting

U.S. Treasury Secretary Janet Yellen will meet with Polish Prime Minister Mateusz Morawiecki on Monday to discuss how Russia's invasion of Ukraine affects Poland's economy as part of a week-long trip that also will take her to Brussels and a G7 finance leaders meeting in Germany.

Reuters · May 13, 2022

2 Warren Buffett Stocks to Buy in May

Due to various macroeconomic and geopolitical concerns, the stock market has remained volatile since the beginning of the year. Major indices have been pushed into correction territory, and the U.S. economy is on the edge of a recession. Amid the current environment, renowned investor Warren Buffett’s top portfolio holdings could…

StockNews.com · May 13, 2022

Hungary 'holding EU decision makers hostage' over Russia oil embargo: Lithuanian FM

Hungary's government is "holding European Union decision makers hostage" by refusing to join an EU-wide embargo on Russian oil, according to Lithuania's foreign minister. This comes as EU leaders continue their efforts to gather support for a sixth sanctions package on Russia from all 27 EU member states. The government…

France 24 · May 13, 2022

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Aluminum Inventories Reach A New Low, Prices Plunged

Aluminum available for withdrawal at London Metal Exchange warehouses fell to a record low. Still, the latest sign of supply shortages isn’t enough to break the pessimistic sentiment that is ruling metals markets as demand worsens, writes Bloomberg. On-warrant aluminum inventories fell 9.7% to 260,275 tons, breaking a record set in…

Benzinga · May 13, 2022

Royal Ploughing Ceremony foresees abundant water, food

The Royal Ploughing Ceremony was held on Friday morning at Sanam Luang, Bangkok, marking the traditional start of the rice-growing season. The ceremony, presided over by Their Majesties the King and Queen, predicted abundant water and a prosperous economy for 2022.

Bangkok Post · May 13, 2022

Households falling into poverty isn’t inevitable. Here’s how we can prevent it

With inflation set to reach 10% and wages falling short, ministers can’t ignore the crisis affecting ever more voters, says the IPPR’s Carys Roberts

The Guardian - UK · May 13, 2022

Quickening Malaysia growth supports central bank’s rate-hike move

Malaysia’s economy grew at a faster-than-expected pace in the first quarter of the year, vindicating the central bank’s hawkish pivot to fight inflationary pressures.

Bangkok Post · May 13, 2022

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Poll: Economy likely grew modestly in Q1

Thailand's economy likely grew modestly in the first quarter, thanks to robust exports and an easing of Covid-19 restrictions and despite low tourist arrivals and high inflation dampening consumer spending, a poll found.

Bangkok Post · May 13, 2022

Sri Lankan power family falls from grace as economy tanks

With one brother president, another prime minister and three more family members cabinet ministers, it appeared that the Rajapaksa clan had consolidated its grip on power in Sri Lanka after decades in and out of government

The Independent UK · May 13, 2022

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 · May 13, 2022

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 · May 13, 2022

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 · May 13, 2022

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 · May 13, 2022

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 · May 12, 2022

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The Independent UK · May 12, 2022

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

Benzinga · May 12, 2022

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.

StockNews.com · May 12, 2022

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.

The Conversation · May 12, 2022

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.

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The Independent UK · May 12, 2022

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 · May 12, 2022

Senate confirms Powell for 2nd term as Fed fights inflation

StockNews.com · May 12, 2022

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 · May 12, 2022

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…

The Guardian - UK · May 12, 2022

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

Liverpool Echo · May 12, 2022

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 · May 12, 2022

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),…

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