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The Latest Breaking News from Economy

Jasprit Bumrah becomes India's third-highest wicket-taker in T20Is

NEW DELHI: Indian pace spearhead Jasprit Bumrah has achieved a significant milestone, surpassing all-rounder Hardik Pandya to become the third-highest wicket-taker for India in T20I cricket. Bumrah's remarkable performance in India's narrow six-run victory over Pakistan at the ICC T20 World Cup propelled him up the rankings.

The Times of India

Japan's economy is shrinking, although slightly less than previously thought

The Japanese economy shrank at an annual rate of 1.8% in the first quarter of this year

The Independent UK

Asian Markets Fall As Strong US Jobs Data Dents Rate Cut Hopes

Asian markets mostly fell Monday as a mixed jobs report eased worries about the US economy but dampened hopes for interest rate cuts, while political uncertainty in Europe weighed on the euro.

International Business Times

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New night life boss 'crucial' to live music economy

The Queensland government's decision to appoint a night life economy commissioner has been welcomed as a boost for the future of the live music industry.

AAP

IMF officialdelivers stark warning on AI's potential to turn an ordinary downturn into a severe economic crisis

"I believe there is a real need to have parallel effort to make sure that we're also AI-proofing the global economy."

Fortune

Record Job Growth And Wage Increase In Latest Report

Updates on job growth, wage increases, and inflation concerns in the economy, with a focus on creating quality jobs and improving living standards.

Top News

Is the US economy doing well? It depends if you ask a Democrat or a Republican

Data shows that when Americans’ preferred party is in the White House, they’re more likely to boast of a booming economy – even if it’s untrue

The Guardian - US

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Tourism Buoys Southern Europe's 'Club Med' Nations

Derided as "Club Med" nations during the European debt crisis 15 years ago, the economies of Spain, Greece and Portugal are now outperforming their northern peers thanks to a rebound in tourism.

International Business Times

Putin’s daughters and anti-western hawks rule at this year’s ‘Russian Davos’

St Petersburg summit hails good news on the economy as children of elite step into spotlight

The Guardian - UK

Modi 3.0 brings coalition concerns, and a paradox for pink papers

“India Inc wants new govt to create jobs, control inflation.”

Newslaundry

Jobs market put to test in sluggish economy

Economists expect another relatively robust jobs report for the month of May even as higher interest rates knock the economy around.

AAP

UK growth since 2010 has been lacklustre and largely driven by immigration, says report

Resolution Foundation report suggests parties are dodging the economic challenges facing the country

The Guardian - UK

Mordaunt calls Sunak D-Day decision ‘completely wrong’ and clashes with Rayner on £2000 tax claim in fiery BBC election debate

Taxes, immigration and NHS dominate heated seven-way debate

Evening Standard

Mordaunt condemns Sunak as ‘wrong’ over D-Day as TV debate becomes ‘unedifying’ row

The seven-party television debate became a slanging match between Penny Mordaunt and Angela Rayner

The Independent UK

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Top News

Biden Administration Unveils New Fuel Economy Standards For Vehicles

Learn about the Biden administration's new fuel economy rules to promote electric vehicles and combat climate change.

The Independent UK

Real-world mileage standard for new vehicles rising to 38 mpg in 2031 under new Biden rule

New vehicles sold in the U.S. will have to average about 38 miles per gallon of gasoline in 2031 in real-world driving, up from about 29 mpg this year, under new federal rules unveiled Friday by the Biden administration

Fortune

The jobs report will ‘lead to continued controversy,’ leaving Jerome Powell in wait-and-see mode and dashing investor hopes for imminent rate cuts

ZipRecruiter’s chief economist says the latest jobs report “delivers a kind of hazy, mixed picture” that will leave the Fed—and investors—guessing.

Kiplinger

May's Jobs Growth Blows Past Forecasts: What the Experts Are Saying

A blowout jobs report and a bit of wage inflation means a Fed pivot towards easing will have to wait.

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The Guardian - AU

Stagflation: is Australia heading back to the 1970s? Our economics and business writers go head to head

The economy has stalled and inflation remains high. Should we be worried? Guardian Australia’s experts have very different views

The Independent UK

Biden gets a boost ahead of Trump debate as economy outperforms expectations

272,000 jobs were added in May and wages grew, although unemployment levels ticked slightly up

TechRadar

UK must boost cyberdefenses to boost economic growth, Microsoft says

Enhancing cybersecurity across all sectors could save the economy £52 billion, while also preventing attacks.

Reason

The Economy Biden Wants

Plus: Trump wants to cut federal spending, Mike Solana wants to save San Francisco, Canada wants to throw thought criminals in jail, and more...

International Business Times

US Economy Adds More Jobs Than Projected As Unemployment Rate Hits 4%

The U.S. economy added more jobs than projected in May, but the unemployment rate topped 4% for the first time in nearly 18 months.

International Business Times

US Hiring Surges Past Expectations As Job Market Still Strong

US job growth blew past estimates in May while unemployment also edged up, according to government data released Friday, underscoring the labor market's resilience as policymakers seek to cool the economy gradually.

Top News

US Economy Adds 272,000 Jobs, Jobless Rate Rises To 4%

US economy adds 272,000 jobs, surpassing expectations. Jobless rate sees slight uptick but overall labor market shows positive growth.

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