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The Latest Breaking News from Economy

40 years on, does Australia need another Prices and Incomes Accord?

The election of the Hawke Labor government on March 5 1983 began an era of once-in-a-century economic reforms that opened the Australian economy to the world. It floated the dollar, eliminated controls on international capital flows, and dismantled the high tariffs that protected local manufacturers from imports. It refocused Australia’s…

The Conversation

Alaska carbon plan: Boost state coffers without cutting oil

Alaska Gov. Mike Dunleavy is calling for the state to build off its oil and gas expertise to tap into the developing industry of carbon storage as a way to generate new revenue without curtailing the extraction industries that underpin Alaska’s economy

The Independent UK

Top 10 Electric Cars in the U.S. — Most Popular EVs

Electric car sales continue to climb. We list the top-selling EVs in the U.S. Who knows, you might be driving one in years to come.

Kiplinger

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Central Bank of Cyprus was to blame for banking crisis, not Demetris Christofias

Letter: Dr George M Georgiou points to poor regulation and supervision as the root cause rather than the former president’s handling of the economy

The Guardian - UK

What's 'de-influencing'? In an inflated economy, social media stars embrace the cheap

At first glance, Jacquelyn Mengel's TikTok looks like every other influencer video.

Los Angeles Times

It’s not just Disney: Hollywood slashes jobs as streaming bubble pops

LOS ANGELES — Walt Disney Co. Chief Executive Bob Iger said last week that the Burbank company will be slashing 7,000 jobs as the firm’s streaming efforts continue to lose money and the wider economy wallows through a downturn.

Los Angeles Times

The FTSE 100 just passed 8000, a new record. What does that mean for you, your finances and the UK economy?

London shares are at an all-time high. Why? And who benefits?

Evening Standard

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China’s provinces spent almost £43bn on Covid measures in 2022

Third of provinces yet to publish data as country looks to revive economy after zero-Covid policy ends

The Guardian - UK

The RBA’s predictions are so dire it’s no wonder people are less confident than they were when the pandemic hit

To survive the next two years of economic growth as predicted without tipping into a recession would be astonishing

The Guardian - AU

Retail sales jump as Americans defy inflation and rate hikes

America’s consumers rebounded last month from a weak holiday shopping season by boosting their spending at stores and restaurants at the fastest pace in almost two years, underscoring the economy’s resilience in the face of higher prices and multiple interest rate hikes by the Federal Reserve

The Independent UK

One of legendary Fed Chair Alan Greenspan’s favorite economic indicators was men’s underwear—and things could be looking up

Details buried in the consumer price index could hint at what’s in store for the U.S. economy.

Fortune

2 Stocks to Help You Sail Through This Volatile Market

Although favorable macro data rekindled investor optimism, the Fed’s intention of raising rates to tame stubbornly high inflation could possibly tip the economy into recession. With anxiety escalating, it would be wise to add quality stocks Johnson & Johnson (JNJ) and Bristol-Myers Squibb (BMY) to your portfolio to sail through…

StockNews.com

Sacha Lord says government has 'failed businesses' as new report shows UK has lost ‘billions’ from the hospitality industry

Industry leaders are calling for an urgent reduction in VAT

Manchester Evening News

The horrors behind the mining industry that powers your life

"Cobalt Red: How the Blood of the Congo Powers Our Lives" by Siddharth Kara; St. Martin’s (288 pages, $30)

Los Angeles Times

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St. Louis Post-Dispatch

Lynn Schmidt: Want to succeed in life? Marriage could be the key

Around Valentine’s Day, love is certainly in the air. Society would surely benefit if marriage was in the atmosphere too. Compelling data shows that strong families, which include married parents, make for safer communities and a more robust economy.

Asharq Al-Awsat

Yemen, UAE Discuss Deterring Houthis, Efforts to Implement Donor Pledges

Yemeni Prime Minister Maeen Abdulmalik intensified his meetings on the sidelines of the World Government Summit in Dubai to coordinate efforts to deter attacked by the Iran-backed Houthi militias on oil ports and launch donor pledges to complete projects and support the economy. Abdulmalik met with UAE President Sheikh Mohamed…

The Independent UK

Workers could be denied sick notes in bid to boost economy

Government concerned by rise in long-term sickness since pandemic

The Independent UK

War in Ukraine at 1 year: Pain, resilience in global economy

One year after Russia invaded Ukraine on Feb. 24, 2022, the global economy is still enduring the consequences — crunched supplies of grain, fertilizer and energy along with more inflation and economic uncertainty in a world already contending with too much of both

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The Guardian - AU

Australia’s banks are not a source of economic dynamism but a drag on our economic and social welfare

The financial sector is not contributing as much to the national economy as it takes out

Tribune News Service

Silicon Valley stays sturdy despite 'gloom and doom' of tech layoffs: report

SAN JOSE, California — Silicon Valley’s economy and job markets remain sturdy despite being jolted by a steady drumbeat of Bay Area layoffs orchestrated by tech and biotech companies, a new report released Tuesday states.

Fortune

Inflation may stick around for a decade because of millennial and Gen Z spending

Will young Americans' spending habits be what causes inflation to stick around longer?

France 24

EU Parliament votes to ban petrol, diesel cars from 2035

The European Parliament has given its’ green light to a plan to halt sales of petrol and diesel cars from 2035. It is a crucial part of the bloc's plan to become a "climate neutral" economy by 2050. Also in the show: US inflation remains hotter than expected, putting pressure…

Caixin Global

China’s Video Game Industry Posts First Drop in Five Years

Sales shrink 10.3% to $39 billion as pandemic impedes new product development and slowing economy weighs on demand

Ballotpedia

A look ahead at ESG in 2023

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

ABC News

Million households 'vulnerable' to rising interest rates, and their cuts could cause recession

A prominent economist now puts the risk of recession at 50 per cent, as households face the prospect of making substantial spending cuts to meet rising home loan repayments.

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