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The Latest Breaking News from Economy

UK's Treasury chief accepts that recession may be necessary to get inflation down

Britain’s Treasury chief says he would be prepared to see the British economy slip back into recession if further interest rate hikes are necessary to bring down inflation

The Independent UK

Reconomy Group buys Nottinghamshire-based UK Waste Solutions

UK Waste Solutions employs 160 people and owns brands including Novati, AMA, Click Waste UK and Evolution

Birmingham Post

A measure of inflation that is closely tracked by the Federal Reserve increased in April

A key index of U.S. prices ticked higher in April as consumer spending rebounded, a sign that inflationary pressures in the economy remain high

The Independent UK

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Nigerians look to president-elect Tinubu for economic turnaround

Voters have been let down before, wonder if Bola Tinubu will be able to fix systemic issues in Africa’s largest economy.

Al Jazeera

Skyline Swansea would bring 100 jobs and £84m boost to local economy, says report

The Skyline Swansea project has been proposed by New Zealand company Skyline Enterprises

Birmingham Post

Turkey election: What do Erdogan and Kilicdaroglu have to offer?

Here is a rundown of presidential candidates’ promises and rhetoric on issues such as security, refugees and economy.

Al Jazeera

Stock market today: Asian markets mixed as US government debt talks push toward brink of default

Asian markets have turned mostly higher as a deadline looms for Congress to reach a deal on the U.S. government debt or face a potentially damaging default

The Independent UK

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Tears of the Kingdom patch removes every known variant of the game's duplication glitches

The Hyrulian economy can live another day

GamesRadar

Retail sales rebound as high street beats ‘cataclysmic predictions’, but economists warn slowdown still coming

Growth was ahead of expectations at 0.5%, according to today’s official figures

Evening Standard

As electric cars boom, locals fear Chinese battery plant will harm land in drought-stricken Hungary

Residents, environmentalists and opposition politicians in eastern Hungary are worried that a sprawling battery factory will exacerbate existing environmental problems and hit the country’s precious water supplies

The Independent UK

Indian economy to surpass 7 per cent growth in FY 23: SBI research report

The Indian economy is on track to surpass 7 per cent growth rate in Fiscal Year 2023 with manufacturing being the key driver, according to a report released by the State Bank of India. Read further on Dynamite News

Dynamite News

Argentina VP says IMF hinders growth in Revolution Day speech

Argentine Vice President Cristina Fernandez de Kirchner slammed the International Monetary Fund (IMF) on Thursday, saying that the program agreed to with the multinational lender is holding back the country's economy.

Reuters

Cuba says no quick fix as economic crisis drags on

There is no quick fix for Cuba's sputtering economy, its economy minister said on Thursday, as inflation, fuel shortages, plunging farm production and a cash crunch drag on output and continue to fan discontent in the communist-run island nation.

Reuters

Economics that looks at lower half of the pyramid

The model of economic growth that has guided national and international policies since the 1990s will not create healthy democracies

The Hindu

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Reuters

Only half of Germans see Scholz's coalition surviving as policy differences mount

Only half of Germans believe the ruling government coalition will hold until the end of its legislative period, a survey showed on Thursday, as arguments among the three parties over climate policy and budget intensify and voter support withers.

Investors Business Daily

Debt-Ceiling Deal Is Done. Why Recession And Stock-Market Drop May Follow.

The debt-ceiling deal has only mild spending curbs, but one detail could help tip the U.S. economy into a recession and derail the stock market.

Wales Online

Swansea Skyline project would create 100 jobs and generate £84m for city economy over 15 years - says report

It includes plans for a gondola (cable car) route, gravity-fuelled Luge ride, a zipline, a sky swing, new walking and mountain bike trails, and food and drink outlets on Kilvey Hill

WEKU

Germany's economy contracts, signaling a recession

The German economy shrank unexpectedly in the first three months of this year, marking the second quarter of contraction that is one definition of recession. High inflation hit consumer spending.

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Manchester Evening News

Show us how you can boost our economy' - city council's message to would-be developers

'Can you work with communities, make Salford greener and create jobs?'

The Conversation

Tinubu inherits Nigeria’s high debt – an economist analyses what this means for the country's future

As the 16th president of Nigeria, Bola Ahmed Tinubu inherits an economy that is grappling with inflation, chronic unemployment, extreme poverty, crumbling infrastructure and insecurity.

Evening Standard

London offers a ray of hope in our gloomy economy

City comment: London will be a major contributor to the levelling-up the Government is so keen to achieve

Barchart

Traders May Be Overreacting to Less-Than-Ideal News for Intuit (INTU)

Although tax-prep software specialist Intuit delivered a mixed earnings performance and incurs possible governmental competition, INTU stock remains a relevant idea.

Fortune

Millennials and Gen Z say the economy is preventing them from becoming financially independent adults

Most Gen Z and millennials say the state of the economy is “hurting their ability to be a financially independent adult," finds a new Experian survey.

The Independent UK

Closing race employment gap ‘could add £36bn to economy’

Exclusive: Analysis by Labour Party says closing gap would mean 539,000 extra employees contributing an additional £35.6bn to the UK economy

The Independent UK

US economic growth for last quarter is revised up to a still-tepid 1.3% annual rate

The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the government said Thursday, a slight upgrade from its initial estimate

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