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The Latest Breaking News from Economy

South Africa lifts 'state of disaster' over power crisis

In tonight's edition: South Africa rolls back a state of disaster over a national power crisis, even though rolling blackouts are still crippling the country's economy. Also, the WTO says goods exports are declining in Africa even though the continent has absorbed the shocks from Covid and the war in…

France 24

US's semiconductor subsidy is counterproductive

Last year's US CHIPS and Science Act created large subsidies for investments in domestic semiconductor fabrication facilities (fabs) because microchips are essential to the US economy and national security. But while no one disputes the importance of chips (which are used in everything from cruise missiles to refrigerators), there are…

Bangkok Post

Michelin Guide, TAT extend their partnership through 2026

The Michelin Guide Thailand has helped to generate more than 842 million baht for the tourism economy during its first five-year contract with the Tourism Authority of Thailand (TAT) starting in 2017, according to the agency.

Bangkok Post

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Stocks Settle Mixed as Bond Yields Fall on Weak U.S. Economic News

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.25%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.24%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.01%. Stock indexes Wednesday settled mixed. The broader market moved...

Barchart

Dollar Strength and Weak U.S. Economic News Weigh on Crude

May WTI crude oil (CLK23 ) on Wednesday closed down -0.10 (-0.12%), and May RBOB gasoline (RBJ23 ) closed up +8.30 (+3.03%). Crude oil and gasoline prices Wednesday settled mixed. A stronger dollar Wednesday (DXY00 ) weighed on crude prices. Also, signs of a slowdown in the U.S. economy are...

Barchart

As bankruptcy ends, board seeks to boost Puerto Rico economy

A federal control board that oversees Puerto Rico's finances says it will focus on growing the island's economy as the U.S. territory emerges from a drawn-out bankruptcy process

The Independent UK

The US wants to elevate China to ‘developed country’ status; Beijing disagrees

The US House of Representatives has voted to strip China of its status as a developing country. China has condemned the move and refuses to join the ranks of developed or "wealthy" nations. At stake are critical economic and geopolitical issues for the world’s second-largest economy.

France 24

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Crude Prices Weaker as a Slowing U.S. Economy Undercuts Energy Demand

May WTI crude oil (CLK23 ) this morning is down -0.55 (-0.68%), and May RBOB gasoline (RBJ23 ) is up +3.79 (+1.38%). May Nymex natural gas (NGK23 ) is up +0.039 (+1.85%). Crude oil and gasoline prices this morning are mixed. A stronger dollar today is weighing on crude prices....

Barchart

Signs of an Economic Slowdown Weighs on Stocks

The S&P 500 Index ($SPX ) (SPY ) today is down -0.49%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.25%. U.S. stock indexes this morning are moderately lower on economic concerns after today’s reports...

Barchart

The RBA’s rate pause is prudent – there’s still a lot of rises yet to hit the economy

With mortgage holders yet to feel the full impact of the cash rate rises, the Reserve Bank’s current wait-and-see approach makes sense

The Guardian - AU

Here’s Why You Must Pay Attention to Eldorado Gold (EGO)

With Eldorado Gold continuing to rise higher against a rough backdrop for the equities market, investors should pay close attention to EGO stock.

Barchart

Gavin Newsom fact check: Do blue states really have lower crime, better health and higher GDP?

When Gov. Gavin Newsom announced last week that he was launching a new political action committee to stand up against “rising authoritarianism” and regressive policies adopted by Republicans, he lambasted red state leaders for banning books, targeting trans children and stoking racism.

Tribune News Service

Cardiff fintech Agam launches first digital microfinance product into Bangladesh

The microcredit gives unbanked entrepreneurs and gig economy workers who may not have a credit history access to loans

Birmingham Post

These 3 Stocks Lack the Flow of Making Long-Term Investments

The U.S. economy faces a fresh bout of recessionary fears. Moreover, the water industry, facing several headwinds, is anticipated to be affected in the upcoming months. Against this backdrop, weak water stocks Middlesex Water (MSEX), Cadiz (CDZI), and Ocean Power Technologies (OPTT) might not be sound long-term investments. Read on….

StockNews.com

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Axios

Investors show concern over the U.S. economy

New data is consistent with others showing that parts of the economy are losing steam.

StockNews.com

3 Stocks to Evade During Earnings Season

With a slowing economy and increasing concerns of a potential recession, fundamentally weak stocks might see big plunges this earnings season. Hence, it might be wise to avoid Neovasc (NVCN), TFF Pharmaceuticals (TFFP), and National CineMedia (NCMI) now. Keep reading.

Fortune

Millennials are finally feeling optimistic about their finances

The generation that has been largely hammered by the economy for the past dozen-plus years is actually feeling good about their money.

France 24

As France's Macron visits China, rebalancing trade ties tops agenda

French President Emmanuel Macron and EU Commission President Ursula Von der Leyen begin a three-day visit to China this Wednesday, with a delegation of more than 50 business leaders in tow. But while there is eagerness to revive ties with a Chinese economy that's opening up again, other geopolitical considerations…

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The Independent UK

Global shares mixed after Wall St dips on weak economic data

Global shares were trading mixed Wednesday as Germany reported its factory orders surged in February, posting their third successive increase in another promising sign for Europe’s biggest economy

Asharq Al-Awsat

Qatari Economy Achieves Real Growth of 8%

The Qatari economy achieved a real growth rate, constant prices, of 8 percent during the Q4 of 2022, year on year, compared to the same period of 2021. Data revealed by the Planning and Statistics Authority on Tuesday showed that the quarterly gross domestic product (GDP) estimates at constant prices…

Daily Record

Upgrading key Dumfries and Galloway roads could boost economy by £5 billion

It is also claimed upgrading the A75 and A77 could also help create more than 1,000 new jobs in Dumfries and Galloway

The Independent UK

Asian shares mixed after Wall St dips on weak economic data

Asian shares are trading mixed following a decline on Wall Street after reports on the U.S. economy came in weaker than expected

Bangkok Post

Joint business group maintains GDP growth outlook

Thailand's economy is expected to grow 3.0% to 3.5% this year, unchanged from a previous forecast, as tourism rebounded but exports softened, a leading joint business group said on Wednesday.

The Independent UK

Donald Trump, the attention economy's most potent stimulus

Whatever people think of Donald Trump, it's undeniable that he can still command attention

Bangkok Post

Songkran spending to surge to B125bn

Spending sentiment for the upcoming Songkran festival is expected to be lively as people have been hesitant for many months, but the country's economy is showing signs of recovery, driven by rapidly reviving tourism.

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