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The Latest Breaking News from Economy

Hunt expected to announce £8.6m funding boost for Edinburgh’s festivals

The Chancellor will deliver the UK Government’s spring budget on Wednesday.

The Independent UK

‘No strategy’: West Yorkshire firms hope the budget supports industry

Business leaders looking for industrial plan of action from government amid uncertainty over the economy

The Guardian - UK

China to Reopen to Tourists, Resume All Visas Wednesday

China will reopen its borders to tourists and resume issuing all visas Wednesday after a three-year halt during the pandemic as it sought to boost its tourism and economy. China is one of the last major countries to reopen its borders to tourists. The announcement Tuesday came after it declared…

Asharq Al-Awsat

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China to reopen to tourists, resume all visas Wednesday

China will reopen its borders to tourists and resume issuing all visas Wednesday after a three-year halt during the pandemic as it sought to boost its tourism and economy

The Independent UK

Saudi Energy Minister, Tuvalu Prime Minister Discuss Energy Cooperation

Saudi Energy Minister Prince Abdulaziz bin Salman met with Prime Minister of Tuvalu Kausea Natano in Riyadh. During the meeting, the two officials discussed bilateral relations between the two countries, prospects for joint cooperation in energy fields, and ways to develop ties. They also reviewed the Kingdom's initiatives to preserve…

Asharq Al-Awsat

Fears of another financial crisis as US bank stocks tumble after interest rate hikes

Investors are concerned that a relentless rise in interest rates meant to curb inflation are approaching a tipping point and may be cracking the banking system

Wales Online

California appeals court reverses most of ruling deeming Prop. 22 invalid

A California appeals court reversed most of a ruling invalidating Proposition 22, the state's 2020 voter-approved gig economy law allowing giant ride-hailing and delivery companies to classify their workers as independent contractors rather than employees.

Los Angeles Times

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Beijing will use 'floggings' until morale improves

Xi Jinping was confirmed in a third term as president of China at the National People's Congress last week, and not one of the 3,000 delegates voted against him. Why would they? Everything is perfect in the People's Republic of Oz, and the chief Wizard doesn't even to need to…

Bangkok Post

Mortgage rates keep climbing as economy grows. What home buyers and sellers should know

The housing market is on the fritz – again.

Tribune News Service

'Very few companies are open for international students': South Asian graduates say they need specific support to find jobs

International students are a hugely important part of Australia’s university system and its economy. In 2019, before COVID, international education was worth about A$40.3 billion to the Australian economy.

The Conversation

Will Silicon Valley Bank's collapse spark a US recession with ripple effects across the globe?

Based in California and with about $US200 billion in assets, Silicon Valley Bank (SVB) was the 16th-largest in America, making it the biggest bank failure since the global financial crisis of 2008. The implications for financial markets and the global economy are big.

ABC News

2 High-Growth Stocks to Keep on Watch

The economy has been resilient, defying expectations of a downturn. Key economic readings, from the labor market to consumer spending, have been running hot. After a harsh 2022, growth stocks are expected to rebound this year amid strong economic data. Given this economic backdrop, it could be wise to add…

StockNews.com

Jeremy Hunt's Spring Budget: What we know and the announcements to look for - including energy bills, benefits, childcare and more

A wide variety of economic issues will be tackled in the Chancellor's Spring Budget on Wednesday

Manchester Evening News

Budget 2023: government needs to show it can jack up growth to regain economic credibility

UK chancellor Jeremy Hunt’s spring budget is a tricky one in terms of timing. Having announced a set of steadying measures in the autumn statement after the Truss/Kwarteng debacle, this budget is likely to be the last but one before a 2024 general election. This makes it a little early…

The Conversation

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Fortune

How Fed shrapnel killed Silicon Valley Bank

Continuing to tighten monetary policy in this environment of bank blowups and declining consumer and business confidence is a surefire recipe for disaster.

Belfast Live

Stormont body accused of 'greenwashing' over role attracting mining firms

It came after GSNI and Department for the Economy sponsored a sustainability summit in Belfast

The Guardian - UK

Three ways the world can take action on the plastics crisis

From enzymes that eat polyester clothing to policy effectiveness, the University of Portsmouth is at the forefront of research into ways to end the scourge of plastic pollution

Asharq Al-Awsat

Iraq’s Finance Minister Says Completes 2023 Budget Bill

Iraqi Finance Minister Taif Sami announced the completion of the draft of the federal budget law for 2023 and its submission to the Cabinet for discussion and a vote. According to a statement by Sami, the bill was prepared during extraordinary circumstances endured by the global economy and was drafted…

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news in one place.

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The National (Scotland)

'Tory-lite': Nicola Sturgeon slams Labour over criticism of tax system in Scotland

HIGH earners in Scotland pay more tax than their counterparts in the rest of the UK because the SNP has mishandled the economy, Labour’s…

The Independent UK

Biden will address the nation about the collapse of Silicon Valley Bank

While the Biden administration has no intentions of bailing out the bank, it has introduced emergency measures to protect the US economy and give bank clients access to their funds

The Independent UK

Russia's economy holds up, but growing challenges test Putin

Russia has weathered sweeping Western economic sanctions better than many expected

Al Jazeera

‘Great wall of steel’: Xi vows to protect China economy, security

Most powerful president since Mao Zedong tells annual parliamentary meeting economy and security are indivisible.

The Guardian - UK

Fan village setback does little to dent Cheltenham’s place as marquee event

The increased popularity of the Festival has boosted the local economy and led to greater scrutiny of horse racing

Al Jazeera

China’s new premier woos business as Xi doubles down on security

Li Qiang says China welcomes investment and private enterprise despite crackdowns.

The Independent UK

UK and US to ‘work through’ concerns over Biden’s package of green subsidies, Rishi Sunak says

The Inflation Reduction Act is an attempt to make the US economy environmentally friendly with tax credits for green technology

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