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The Latest Breaking News from Economy

Military Spending Pushes Russian Economic Growth Up

Russia's economy grew 5.4 percent in the first quarter of 2024, official statistics published Friday showed, as President Vladimir Putin denied military spending on his Ukraine offensive was reaching unsustainable levels.

International Business Times

Jeremy Hunt accused of exaggerating Tories’ economic record

Chancellor also criticised for ‘dodgy dossier’ on Labour plans as he aims to make low tax a key election issue

The Guardian - UK

How accurate are Jeremy Hunt’s claims about the UK economy?

Chancellor seems to cherrypick data as he tries to outline how the Tories have got the country back on its feet

The Guardian - UK

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Extreme heatwaves in south and south-east Asia are a sign of things to come

Since April 2024, wide areas of south and south-east Asia, from Pakistan to the Philippines, have experienced prolonged extreme heat. Covering some of the most densely populated regions in the world, the series of heatwaves has affected everything from human health and wellbeing to the economy and education.

The Conversation

Will Taylor Swift provide a £1bn boost to the UK economy?

Barclays’ analysis may be slightly off the mark, but the megastar is tapping into a new trend in spending

The Guardian - UK

'Gold Rush' For Stockholm With Taylor Swift Eras Tour

The weak Swedish currency, the krona, means tickets for Swift's three Stockholm dates are more affordable than elsewhere for many foreigners.

International Business Times

Hong Kong Embraces China's Digital Yuan In Local Economy

Hong Kong's decision to allow China's digital yuan in local shops marks a significant step towards digital currency integration, streamlining payment proce...

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Vietnam Loses Billions In Foreign Aid Due To Anti-Graft Measures

Vietnam's economy faces setbacks as anti-graft measures lead to loss of foreign aid.

Top News

Malaysia's Economy Surpasses Expectations Despite Inflation Risks

Malaysia's economy shows unexpected growth despite inflation risks. Government initiatives and diverse sectors contribute to resilience.

Top News

'Hold on a minute': Stephen Flynn continuously interrupted on BBC Question Time

STEPHEN Flynn was interrupted multiple times by almost all the panel as he tried to speak on the economy on last night's BBC Question Time ...

The National (Scotland)

Too much of a good thing? How hustle culture can become toxic – and its cost to UK businesses

All small business owners need a drive to succeed, but can it go too far? Recent research suggests that hustle culture can have its toxic side – with the potential to hit the bottom line for entrepreneurs and the UK economy

The Guardian - UK

UK politics: Vaughan Gething says Plaid Cymru ‘walked away from opportunity to deliver for Wales’ as it ends cooperation agreement - as it happened

Party ends its cooperation agreement with the Welsh Labour government in the Senedd over concerns regarding donations to leader Vaughan Gething

The Guardian - UK

India's 2024 economic growth projection revised upwards by U.N. to nearly 7%

The United Nations has revised upwards India’s growth projections for 2024, with the country’s economy now forecast to expand by close to 7% this year, mainly driven by strong public investment and resilient private consumption.

The Hindu

Dominican Republic To Vote In Poll Dominated By Haiti Crisis

Dominican President Luis Abinader is poised for a comfortable re-election on Sunday, analysts say, buoyed by support for his tough stance on migration from troubled neighboring Haiti.

International Business Times

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The Conversation

Out with the old: Blue- and white- collar job labels aren’t cutting it anymore

The old way of classifying jobs as blue- or white-collar is no longer relevant in Canada’s modern labour market. Our 21st century economy and workforce are too complex to boil jobs and work categories down to a simple blue- or white-collar contrast.

Top News

US Manufacturing Output Declines In April

US manufacturing output decline in April raises concerns about the economy's health and implications for various sectors.

WEKU

The Dow Jones hits 40,000 for the first time. What to know about this major milestone

Stock markets received a boost from new data showing inflation is easing. Lower inflation has raised hopes about the U.S. economy — but there are still a lot of unknowns.

The Conversation

At the heart of the budget is the sad truth the economy is weak. That’s one reason inflation will fall

A central focus of this week’s budget is the treasury’s forecast for inflation.

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The Independent UK

South Sudan government and rebel groups sign 'commitment' for peace in ongoing peace talks in Kenya

The government of South Sudan and rebel opposition groups have signed a “commitment declaration” for peace during high-level mediation talks in Kenya, described as key step in efforts to end the conflict in South Sudan that has long crippled its economy

Latin Times

John Leguizamo says Latinos should blame Trump, not Biden, for current economic woes

"Our economy is doing great. It's just inflation that's messing up everybody's paycheck."

The Independent UK

The Dow just crossed 40,000 for the first time. The number is big but means little for your 401(k)

Through its long history, the Dow Jones Industrial Average has offered a way for people to get a quick read on how Wall Street is doing

InsideEVs

Why Biden’s Chinese EV Tariffs May Succeed Where Trump’s Failed, For Now

The new tariffs could be great for the U.S. auto industry. The risk is automakers will use them as an excuse to slow-walk their EV plans.

International Business Times UK

34% of Brits Say UK Economy Is Huge Concern: Household Budgets Leaner and Food Scarcity Rising

Polling shows Britons place the economy at the top of the list of priorities and the UK government will need to address the public's concerns.

International Business Times

Xi, Putin Hail Ties As 'Stabilizing' Force In Chaotic World

Leaders Xi Jinping and Vladimir Putin framed their nations' ties as a stabilizing force in a chaotic world as they met Thursday in Beijing, where the Russian president is seeking greater Chinese support for his war effort in Ukraine and isolated economy.

France 24

China-Russia trade ties evolve amid Ukraine war, US sanctions

Vladimir Putin hails 80 joint investment projects on his state visit to Beijing, as Xi Jinping walks a fine line between maintaining trade with Russia and avoiding harsh Western sanctions. US inflation cools after months of unexpectedly high readings, and Japan's economy shrinks in the first quarter.

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