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The Latest Breaking News from Economy

Canada facing rising threat from cyberattacks - defence minister

Canadian Defence Minister Anita Anand said on Saturday that the country's critical infrastructure was increasingly being targeted by cyberattacks, posing a significant threat to the economy of the world's fourth-largest crude oil producer.

Reuters

Biden praises passage of debt ceiling bill in Oval Office address ahead of signing it

President described how ‘no one got everything they wanted, but the American people got what they needed’ during brief speech

The Guardian - US

Achieving independence has never been more important – Yousaf

An independent Scotland, the First Minister said, would be ‘built on the principles of a wellbeing economy’.

The Independent UK

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What is the Consumer Price Index, and what does it mean for the economy?

The CPI is a key indicator for the state of the economy.

USAFacts

Analysts anticipate more rate hikes

The Bank of Thailand is likely to continue to raise interest rates this year to curb rising inflationary pressures, though such increases could hurt the stock market and the economy, say analysts.

Bangkok Post

US hiring jumped last month. So did unemployment. Here’s what that says about the economy.

The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs. Yet there were some mixed messages in the jobs figures as the unemployment rate rose to 3.7%.

Chicago Sun-Times

Jobs Report Shows Hiring Surge in May: What the Experts Are Saying

A mixed jobs report should keep the Fed on track to pause its campaign of rate hikes.

Kiplinger

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GM, Stellantis Fined $363M For Failing To Meet US Fuel Economy Standards: Report

The fines were $235.5 million for Stellantis and $128.2 million for General Motors

Motor1

2023 Toyota Corolla Hybrid Review: They’re Popular For A Reason

With all-wheel drive and 44 miles per gallon, the Elantra Hybrid rival is a great commuter.

Motor1

3 Quality Stocks to Buy Today

Amid sticky inflation, tight labor market, and economic resilience, another rate hike could be in the offing. The higher interest rates and tighter lending standards could push the economy into a recession. Amid the macroeconomic uncertainty, it could be wise to buy fundamentally strong quality stocks Microsoft (MSFT), Murphy USA…

StockNews.com

The debt ceiling deal has reduced access to supplemental food plans. Here’s why that’s a false economy

Forcing already hungry people to get a job in order for them to receive food will send ripple effects across other government programs.

Fortune

Lula pledges to stabilize Brazil's economy, says 'we'll grow again'

Brazilian President Luiz Inacio Lula da Silva said on Friday his government will "stabilize" Brazil's economy and put it back on a growth trajectory.

Reuters

What we could learn from higher education in Egypt

Nile University is an exemplar for entrepreneurial learning

Birmingham Post

Big interview: The North Devon festival going the extra mile for the local economy and environment

BusinessLive spoke with founder Will Hayler ahead of the June event about how it establishes itself in the local community

Birmingham Post

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The Guardian - US

US jobs market remains strong despite high interest rates and debt ceiling fight

US adds 339,000 jobs in May, surpassing forecasts, as unemployment rate increases slightly to 3.7%

Axios

U.S. economy adds 339,000 jobs as labor market stays hot

Economists expected a gain of 190,000 jobs last month.

The Hindu

World-class roads necessary to achieve PM Modi's $5 trillion economy target, says Gadkari

The Union minister was here to inaugurate a flyover, an underpass and a service road built at Dumad junction

Wales Online

Top business opportunities for SMEs in 2023 - like returning clients as economy stabilises

One in five SME owners saw the closure of competitors as an opportunity for growth in 2022 - but this has shrunk to just 12 per cent this year

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Reuters

Thai finance minister frontrunner aims to tackle debt

Thailand's election-winning Move Forward party is committed to increasing welfare spending and the minimum wage while promoting growth by opening up the economy to competition and cutting corruption, its finance minister-designate said.

Fortune

Inside Tennessee drag queens’ fight against the bill trying to knock down their livelihoods and their art

The law could impact Tennessee's drag economy and the larger LGBTQ+ community at large. But leaders aren't going down without a fight.

The Week

Greece’s ‘earthquake’ of an election: a right-wing triumph

Not long ago, Greece was Europe’s “economic and political problem child”, said Alan Posener in Die Welt (Berlin). The 2010 debt crisis had led to a 25% contraction in its economy – unemployment had hit 27%; people were rioting in the streets – and as a condition of receiving the massive bailouts…

Birmingham Post

Invest NI reports ramp up in sales and exports at partner companies

Advanced manufacturing companies saw the biggest hike in sales of £1 billion last year

The Hindu

Telangana has several goals, milestones to reach despite becoming strong economy in country, says Chief Minister

Asserting that Telangana has become a strong economic force in the country overcoming the obstacles in a short span of nine years, Chief Minister K. Chandrasekhar Rao has said that the State has several goals to reach

Daily Mirror

One in five SMEs look forward to welcoming back clients in 2023 as economy stabilises

The return of clients is seen as the top business opportunity for SME owners this year - followed by introducing new products or services

Reuters

Trump, DeSantis trade barbs as 2024 campaign acrimony grows

Former President Donald Trump and Florida Governor Ron DeSantis traded barbs on Thursday over who could most quickly fix the economy and reform government agencies as the battle between the top two Republican contenders grew increasingly acrimonious.

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