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The Latest Breaking News from Economy

Markets Today: Stocks Under Pressure on Weak Chinese Economic News

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.52%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.61%. U.S. stock index futures this morning are moderately lower. Global stocks are under pressure today after weaker-than-expected news on China’s services industry sparked concerns about...

Barchart

Cost of Japanese knotweed on the UK economy revealed

According to a new report, the cost has more than doubled in just 12 years

The Independent UK

Sisi's decade in power: Egyptians struggle under authoritarian rule

Ten years ago this week, Egypt's first democratically elected president was ousted in a coup d'état. Mohamed Morsi, a member of the Muslim Brotherhood, was propelled to power by the Arab Spring. His dramatic fall was orchestrated by Abdel Fattah al-Sisi, a military general who promised to bring stability to…

France 24

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Women are returning to the job market in droves, just when the U.S. needs them most

The pandemic was hard on working women, but they've come roaring back into the labor force. The share of working-age women who have jobs or want one hit an all-time high in May.

WEKU

How Jamaica and its prime minister are becoming a mini-superpower in the Caribbean

KINGSTON, Jamaica -- New commercial and high-end condominiums are rising from the dirt, the minimum wage is going up, unemployment is the lowest it’s been in years and tourism — the engine of the economy — is once more booming.

Miami Herald

East Midlands bucking dire UK economic trend

Though not out of the woods, regional economy continuing pick-up that began at the start of this year

Birmingham Post

Van hire demand and strong Spanish economy drives record Redde Northgate results

The commercial vehicle provider said it made a 'robust' start to 2024

Birmingham Post

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Istanbul’s bellydancers and DJs fight for survival as Turkey’s night-time economy takes a hit

With inflation at more than 100%, and a ruling party hostile to Istanbul’s vibrant nightlife culture, performers and bar owners are facing severe struggles

The Guardian - UK

GDP growth outlook remains at 3.0-3.5%

Thailand's economy is expected to grow 3.0% to 3.5% this year, the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) said on Wednesday, unchanged from its previous forecast, as tourism gathers momentum but exports soften.

Bangkok Post

Israel’s High-Tech Industry Drives Economy, Tops Productivity Charts

Israel's high-tech sector leads economy with fastest growth and highest productivity

Zenger

Analysts downgrade target for Thai bourse

The Investment Analysts Association (IAA) has revised down its estimate for the Stock Exchange of Thailand (SET) index this year to 1,630 points from 1,707, indicating domestic politics, interest rates and geopolitics are still factors to monitor in the third quarter.

Bangkok Post

Gymnastics 'coup' brings £5m into Liverpool's economy

Millions of pounds have been pumped into the city after last year's World Championships

Liverpool Echo

Why it's time for Scotland to switch to the wellbeing economy

Thomas Bertram Lance, adviser to Jimmy Carter in the 1970s, coined a famous phrase: “If it ain't broke, don't fix it”.

The National (Scotland)

Risks of UK housing crash rising by the day as fixed-rate mortgage deals end

The tipping point for the economy could come if fixed-rate mortgages rise above 7%

The Guardian - UK

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The National (Scotland)

People are finally waking up to the truth about our economy

This is the latest newsletter from Scotonomics. To receive the email direct to your inbox every Tuesday for free, click here.

Birmingham Post

North East business leader urges Chancellor to 'kickstart' region's economy

Chamber of Commerce chief executive John McCabe was meeting Chancellor Jeremy Hunt alongside other business leaders

Evening Standard

OPINION - West End Final: The economic indicator that says we’re headed for recession

At roughly $3 trillion, the UK economy is large and contains multitudes. Not as massive as it might have been as a result of Brexit, Covid-19 and Russia’s invasion of Ukraine, but enough to rank sixth in the world.

StockNews.com

3 China Stocks Showing Great Value

With the easing of restrictions, China’s economy is expected to witness significant growth this year. Therefore, investors could consider buying China stocks FinVolution (FINV), LexinFintech Holdings (LX), and Tarena International (TEDU), which are currently trading at a discount. Keep reading.

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Fortune

America needs a new vision for road travel

Road travel is often the only option for millions of Americans, writes MGM Resorts CEO Bill Hornbuckle.

The Independent UK

Rishi Sunak faces grilling by MPs on 5 pledges – can PM boast of progress?

PM will be questioned by committee six months on from big promises on economy, NHS and small boats

The Independent UK

Retailers beware: Resumption of student loan payments could lead some buyers to pull back

The reprieve is over

WEKU

Here are the 5 things to know about the state of the economy this Independence Day

As the U.S. celebrates its birthday with hot dogs and fireworks, the economy continues to grow, the job market is strong, but inflation and rising interest rates are keeping recession fears alive.

Daily Mirror

Rishi Sunak's five pledges six months on - from NHS waits to small boats crisis

Rishi Sunak is scrambling to turn around the Tories' fortunes but time is running out for him to deliver on his 'five priorities' for Government ahead of the next general election - see how he's fared

Evening Standard

Riots leave France with ‘250 million euro bill’ as economy counts cost of unrest

Tourism sector professionals have joined politicians in warning that the clean-up would cost multi-millions

The Guardian - AU

Afternoon Update: RBA warns of more rate hikes; dogs rescued from ‘horrific conditions’; and Australia records 7th-warmest June

Cash rate pauses at 4.1% but governor says further rate rises are possible depending on the economy and inflation

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