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The Latest Breaking News from Economy

Thousands of jobs at risk if UK fails to act now on North Sea energy transition

The decline in North oil and gas industry needs to be offset by greater investment in renewables to save jobs, report says

The Independent UK

Productivity soars in sectors of global economy most exposed to AI, says report

Employers in UK, one of 15 countries studied, willing to pay 14% wage premium for jobs requiring AI skills

The Guardian - UK

Could Iranian president's death impact the country's economy?

Global markets appear unfazed after Iran's President Ebrahim Raisi was killed in a helicopter crash. Any political instability could deal a blow to Iran's economy, which is already struggling with US sanctions, soaring inflation and high unemployment, but many analysts believe the impact of the tragedy will be limited. Plus,…

France 24

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Wall Street's biggest bear just turned bullish on stocks—but he warns ‘uncertainty’ still reigns

Morgan Stanley’s Mike Wilson previously called the $8 trillion market drop in 2022, due to a combination of “fire and ice.”

Fortune

Fed governor highlights de-dollarization debate as concerns of global economy dropping the dollar grow: ‘The role of the U.S. economy in world finance is changing’

Russia sanctions, Chinese central bank policy are reopening long debate over the future of dollar dominance.

Fortune

As Trump proposes major crackdowns on immigration, study shows mass deportations could hurt the economy

Specialists do not believe it to be wise to carry mass deportation and other anti-immigration strategies

Latin Times

Dominican Republic's President Abinader Wins Resounding Re-election

Dominican Republic President Luis Abinader clinched a second term in office with a commanding election win, endorsing his handling of the economy and tough policies toward migration from Haiti, results showed Monday.

International Business Times

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Self-driving cars on roads ‘as soon as 2026’ as Bill becomes law

Transport Secretary Mark Harper said the deployment of the vehicles will be ‘a real boost to both safety and our economy’.

The Independent UK

What’s the difference between fiscal and monetary policy?

This article is part two of The Conversation’s “Business Basics” series where we ask leading experts to discuss key concepts in business, economics and finance.

The Conversation

North Dakota Governor Doug Burgum Criticizes Joe Biden's Policies

Governor Burgum supports President Trump for re-election and criticizes Biden's policies on energy, economy, and border security.

Top News

US approach to China’s rapid growth has lessons for us all

Protectionism in the form of tariffs is justified but the focus will be on whether Beijing retaliates

The Guardian - UK

Trump turns trial into circus as Biden tries to focus minds on economy

As a slew of Republicans went to the hush-money trial to show their fealty to their boss, the president tried to rise above it

The Guardian - US

Taylor Swift’s Eras Tour could boost Europe’s economy more than America’s, experts predict

Europe has better public transport and benefits from the concerts happening over the summer—and Swifties are ready to buy into it.

Fortune

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The Guardian - AU

Dutton’s plan to cut immigration would cost Australia’s economy ‘billions’, treasurer says

Jim Chalmers says a proposal to reduce permanent migration to ease the housing crisis would damage the country’s skills base

The Guardian - UK

If Putin wins in Ukraine, the British economy will be in the firing line

We and the EU must show the Russian leader we mean business and seize $300bn of his country’s central bank funds

Barchart

Japanese Stocks Post Record Dividends & Buybacks: How to Play It

More than half of Japan's largest companies have announced plans to raise their dividends in the current fiscal year. The announcement of share buybacks is also at an all-time high, as firms announced $7.7 billion worth of share buybacks in April - a record for the first month of a…

Al Jazeera

Lebanon’s economic crisis endures, as does the EU’s ‘fear’ of refugees

Analysts question whether EU grants to Lebanon have anything to do with getting its economy out of the hole it is in.

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news in one place.

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International Business Times

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.

The Guardian - UK

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 Conversation

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 Guardian - UK

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

International Business Times

'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.

Top News

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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