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The Latest Breaking News from Economy

As seas get warmer, tropical species are moving further from the equator

Climate change is causing tropical species in the ocean to move from the equator towards the poles, while temperate species recede. This mass movement of marine life, termed tropicalisation, is leading to a cascade of consequences for ecosystems and biodiversity, and has the potential to impact the global economy.

The Conversation

Kenya court strikes out key clauses of a finance law as economic woes deepen from rising public debt

The Kenyan High Court has struck out key clauses of a contentious finance law that has been blamed for significantly raising taxes and the cost of living in East Africa’s largest economy

The Independent UK

13 inflation-proof stocks to buy for 2024

These companies are poised to ride the AI boom and protect investors from the impact of higher interest rates.

Fortune

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Xi Says China Must Protect Foreign Firms' Rights, Intellectual Property

Chinese leader Xi Jinping has ordered greater protection for international firms' rights and intellectual property, state media reported Tuesday, as Beijing works to lure in foreign companies spooked by a crackdown and an ailing economy.

International Business Times

Uneasy calm in Sierra Leone as Freetown uprising reveals underlying tension

Sunday’s attacks came as deep resentment swells among Sierra Leoneans feeling the bite of a flailing economy.

Al Jazeera

Stock market today: Asian shares mixed ahead of US consumer confidence and price data

Shares are mixed in Asia after Wall Street benchmarks edged lower as investors looked ahead to updates on inflation and how American consumers are feeling about the economy

The Independent UK

Germany is having a budget crisis. With the economy struggling, it's not the best time

Germany is struggling to find a way out of a budget crisis after a court decision struck down billions in funding for clean energy projects and help for people facing high energy bills because of Russia’s war in Ukraine

The Independent UK

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Live sheep export ban could cost WA economy $128m

A report commissioned by a group of West Australian councils has found a live sheep export ban could cost the state up to $128 million over two decades.

AAP

Tories Slammed For Brexit After Bank of England Says It Has 'Chilled' UK Economy

The financial impacts of Brexit have left UK business investment levels "chilled", according to the Deputy Governor of the Bank of England.

International Business Times UK

CBI calls for green investment plan and an end to short-termism

The business group said that future governments should introduce ambitious policies and competitive incentives.

The Independent UK

Veteran market watcher Komal Sri Kumar warns of a ‘cloud of uncertainty’ and makes a bold call: 'My base case is something breaking…in the next 3 months'

Rising interest rates and a shaky commercial real estate sector is weighing on the economy: “You’re operating perennially in a cloud of uncertainty.”

Fortune

'People are posting a lot less on public social media': Creator economy investor says the old web is gone, replaced by 'people who are professionally entertaining you'

Social media has gone from a place where users connect with friends to a distribution network for influencers, Sasha Kaletsky of Creator Ventures says at the Fortune Global Forum.

Fortune

How your money is helping subsidise sexism in academia – and what you can do about it

It’s frightening to imagine where the world would be right now without mRNA vaccines. The COVID-busting technology revolutionised vaccine development at an internationally critical moment – with massive implications for people’s health, wellbeing and the global economy.

The Conversation

Late 2023 recession off a 'classic policy-led boom-bust cycle' is already happening, Deutsche Bank says—but AI is changing the game a bit

“We think our narrative still holds,” Deutsche Bank economists warned Monday, arguing the mild recession is already “materializing.”

Fortune

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The Conversation

COP28: inside the United Arab Emirates, the oil giant hosting 2023 climate change summit

The United Arab Emirates (UAE), the world’s seventh largest oil producer, will host the 28th UN climate change summit (COP28) in Dubai from November 30 to December 12. Presiding over the conference will be the chief executive of the UAE state-owned oil company Adnoc, Sultan al-Jaber.

International Business Times

'Disastrous' Gridlock Hits S. Africa's Busiest Port

More than 60,000 containers are stuck at sea waiting to be offloaded at South Africa's biggest port amid gridlock blamed on bad weather and equipment failures that is damaging the poor economy, according to business and political groups.

Evening Standard

OPINION - From interest rates to inflation and growth, Andrew Bailey is fresh out of good news

Might interest rates begin to fall soon? With inflation dropping below five per cent and the UK economy flirting with recession, it's the question everyone from the prime minister to first-time buyers is asking. But this morning, the Governor of the Bank of England poured cold sick all over the…

The Guardian - US

Biden plans to use cold-war era law in attempt to lower US prices

Defense Production Act of 1950, passed to streamline production during Korean war, was last used during Covid pandemic

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Kiplinger

How to Cushion Your Business Bank Account in an Uncertain Economy

Putting these practices in place can help your business weather the storm if economic disaster strikes.

Kiplinger

Stocks To Consider For The New Year

Investors seeking out the best stocks picks for 2024 may want to focus on these four areas of the market.

The Hindu

Agreements to start industrial units worth ₹540.96 crore signed with 117 entrepreneurs in Cuddalore

MoUs worth ₹540.96 crore signed in Cuddalore district to start industrial units, creating 3,518 jobs. Ministers M.R.K. Panneerselvam and C.V. Ganesan present. Aim to reach ₹546 crore investment before Global Investors' Meet 2024. Single-window system activated to deal with industrial houses. Tamil Nadu govt. giving special attention to MSME sector…

International Business Times

Big Tech Stocks Led Wall Street Gains In 2023 — What Is Next?

In recent weeks, small stocks, financials and real estate stocks have led gains on Wall Street as investors bought shares of companies that could benefit from a new investment narrative: declining interest rates and a growing economy.

Latin Times

These Are the States With Highest Economic Benefit from Clearing Green Card Backlogs

Reducing green card barriers would add $3.9 trillion dollars to the U.S. economy, according to projections from the BPC

Evening Standard

Rishi Sunak cheers benefits of immigration to the economy at Global Investment Summit

Rishi Sunak highlighted the benefits of immigration to the UK's economy in his speech at the Government's Global Investment Summit.

The Guardian - UK

Does the way we talk about the climate crisis numb people with fear, rather than energising them?

A Cop28 speaker says phrases such as ‘green economy’ turn voters off – and Labour has already reframed its language, says energy and environment analyst Roger Harrabin

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