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The Latest Breaking News from Economy

Kwarteng went ahead with mini-budget despite OBR warning, FOI reveals

Chancellor’s refusal to publish forecast contributed to stock market jitters and run on pound

The Guardian - UK

4 Reasons to be Bullish on Alibaba Stock

Alibaba has been underperforming the markets since late 2020, but the stock looks attractive at these levels as China vows to support the country's economy, as well as the tech sector.

Barchart

What The Generative AI Boom Means For Your Job, The Economy And The S&P 500

The rapid adoption of generative AI points to a productivity boom in the near future. What does that mean for your job, the economy and the stock market?

Investors Business Daily

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read the most diverse news in one place.

Eskom and South Africa's energy crisis: De Ruyter book strikes a chord but falls flat on economic fixes

The former chief executive of South Africa’s power utility, Eskom, has written a scathing critique of the ruling party’s practices that have seriously damaged the country’s economy.

The Conversation

Car buyers bear a heavy burden as Federal Reserve keeps raising rates: Auto-loan rejections are up

The Federal Reserve’s expected move Wednesday to raise interest rates for the 11th time could once again send ripple effects across the economy

The Independent UK

On India visit, US climate envoy John Kerry visits Parliament

New Delhi: United States Special Presidential Envoy for Climate John Kerry, who is a five-day India tour visited the Parliament on Wednesday. Kerry, who is leading a US delegation during his visit, today met with Union Finance Minister Nirmala Sitharaman in her office inside the Parliament building. Read further on…

Dynamite News

'More blue than red': Scottish caller challenges Keir Starmer live on BBC

A SCOTTISH caller told Keir Starmer that “Labour is becoming more blue than red” as he challenged the prospective prime minister over his…

The National (Scotland)

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US parcel shipping giant UPS and union reach agreement, averting strike

US parcel shipping company UPS and the International Brotherhood of Teamsters union have agreed on a deal to renew a five-year labour contract. Although the deal still has to be ratified by union members next month, it will avert a strike that could have started as early as next week.…

France 24

London bosses ramp up calls for Jeremy Hunt to axe ‘tourist tax’ making Paris, Madrid and Milan ‘winners’

Dispute rolls on over the cost and benefits of restoring tax-free shopping for international visitors

Evening Standard

Wagner gold smuggling critical to keeping Russia’s economy afloat, MPs say

Parliamentary report also criticises the ‘remarkably complacent’ attitude of the government to Wagner’s activities across the last decade

The Independent UK

Morning Digest | Indian economy to grow at 6.1% in 2023, IMF projects; Opposition for no-trust vote against Narendra Modi government, and more

Read a daily selection of top stories from across India and the world by The Hindu to start your day.

The Hindu

Where are Home Prices Headed for the Remainder of 2023 and Beyond?

After peaking during the pandemic, housing sales have slowed but prices remain elevated. Where is the housing market headed?

Barchart

Moody’s Maintains Israel’s Rating Amid Judicial Reform Concerns

Morgan Stanley Downgrades Creditworthiness, Netanyahu remains optimistic about the economy

Zenger

Israel's government has passed the first part of its legal overhaul. The law's ripples are dramatic

The Israeli government has passed the first major piece of legislation in Prime Minister Benjamin Netanyahu’s plan to overhaul the country’s legal system

The Independent UK

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The Hindu

Moving away from the ‘take-make-dispose’ model

India has prioritised Resource Efficiency and Circular Economy as one of the core themes for deliberations in the G-20 forum

Zenger

Israel Signs Free Trade Deal With Vietnam, Expanding East Asian Partnerships

Agreement expected to boost trade and economic growth, strengthen Israeli exports

The Independent UK

Lawmakers press for more scrutiny over China's 'malign influence' at development bank

Lawmakers intent on reducing China’s influence on the U.S. economy are seeking to push the Treasury Department to reduce the scale of Beijing’s influence at the Inter-American Development Bank, which supports economic and social development in Latin America and Caribbean

The Hindu

How is State economy good when it pays ₹18,000 crore as interest on loans every year: Congress

Ponnala Lakshmaiah challenges KCR to release white paper on Kaleshwaram project. He claims CM has never responded to requests for debate on project cost, loan raised, interest paid. Ayodhya Reddy claims govt showing loans as income, misleading people

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news in one place.

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The National (Scotland)

UK to be second worst economy in the G7, says IMF

The UK is expected to be the second slowest-growing economy in the G7 this year, the International Monetary Fund has said, despite a major upgrade…

The Independent UK

U.S. consumer confidence jumps to a two-year high as inflation eases

U.S. consumer confidence shot to the highest level in two years this month as inflationary pressures eased and the American economy continued to show resilience in the face of dramatically higher interest rates

Evening Standard

UK to be second worst economy in the G7 in 2023 despite upgrade, says IMF

The International Monetary Fund said it expects UK output to grow by 0.4% this year.

StockNews.com

What Do These 3 China Stocks Have in Common? Quality and Smart Money Interest

The Chinese economy demonstrated immense resilience despite facing many challenges. This solidity is strengthened further by an array of initiatives deployed by the nation, which have the potential to fortify its financial terrain. Therefore, quality Chinese stocks Alibaba Group Holding (BABA), FinVolution Group (FINV), and LexinFintech Holdings (LX), owned significantly…

GamesRadar

MMO fans lament reintroduction of World of Warcraft's most hated item as raid ring goes for $13,000 in gold

WoW Classic's economy is in shambles

Roll Call

Nervous automakers await rules pushing them toward EVs - Roll Call

Automakers say the Biden administration’s goal of 67 percent of new cars being electric by 2032 is not reasonable or achievable.

France 24

Beijing to provide more economic support to boost sluggish post-pandemic recovery

Real estate and tech stocks in Hong Kong and China soared this Tuesday after a Politburo meeting signalled the government would provide more support to the economy. The July meeting is often seen as crucial in setting the tone for economic policy in the country. China says it is on…

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