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The Latest Breaking News from Economy

Bill Ackman says U.S. economy risks heading into a 'train wreck'

Bill Ackman said he would be “would be surprised if deposit outflows don’t accelerate effective immediately.”

Fortune

Nine ways small businesses can reduce IT costs

The economy has been in turbulence for many months, and a combination of global conditions and domestic policies will have extended these conditions well into 2023 and likely beyond. Although it’s looking less likely the UK will suffer a technical recession this year, the economy is still set to contract.…

IT Pro

Eager young Albanians risk everything for new future in UK

Thousands of young Albanians have crossed the English Channel in recent years to seek a new life in the U.K. Their dangerous journey in small boats or inflatable dinghies reflects Albania's anemic economy and a younger generation’s longing for fresh opportunities

The Independent UK

From analysis to the latest developments in health,
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France and Germany Tensions Loom over EU Leaders' Summit in Brussels

A burgeoning row between France and Germany fired by differences over nuclear energy and combustion engines threatens to spill over into a gathering of the 27 European Union leaders on Thursday. A row erupted between two of the European Union's biggest economies after Berlin upset some of its partners, notably…

Asharq Al-Awsat

Politics with Michelle Grattan: Michael Brennan on Australia's parlous productivity growth

The Productivity Commission’s nine-volume report has a tough central message. It says productivity policy has to focus on the areas that have proven the hardest in the past, rather than those where previously progress has been most readily achieved.

The Conversation

Biden approval dips near lowest point: AP-NORC poll

Approval of President Joe Biden has dipped slightly since a month ago to 38%

The Independent UK

Federal Reserve raises key rate by quarter-point despite banking industry turmoil

Fed Chairman Jerome Powell seeks to reassure Americans that their money was safe after the failure of Silicon Valley Bank, Signature Bank as the Fed continues to fight inflation.

Chicago Sun-Times

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US raises interest rates despite troubles in banking industry

Stocks fell sharply Wednesday after the Federal Reserve indicated the end may be near for its economy-crunching hikes to interest rates, but it also doesn’t expect to cut rates anytime soon despite Wall Street’s hopes.

France 24

Two areas of Wales named as freeports with tax breaks to create jobs

The UK and Welsh governments said the two freeports have the potential to create 20,000 jobs by 2030

Wales Online

Wales is not getting one but two freeports

They promise to create 20,000 new jobs by 2030 mainly in the renewable energy sector

Birmingham Post

World faces prospect of financial tumult

Today, I was supposed to present the third article, Managing Household Debt, in the series "Changing Thailand". In fact, I have finished drafting a payment reduction model which could reduce monthly debt payments by 4.6 times without the hair-cutting debt principal or requiring government financial support. But I will delay…

Bangkok Post

FTI: Emphasise climate-linked areas

Despite the country's dependence on tourism to boost its revenue, Thailand needs to further drive its economy through electric vehicles (EVs) and bio-, circular and green (BCG) economic development amid a rapidly changing world, says the Federation of Thai Industries (FTI).

Bangkok Post

Colombia's Ecopetrol criticizes new attacks on oil pipeline

Colombia's majority state-owned oil company Ecopetrol on Wednesday criticized new attacks against an oil pipeline run by its subsidiary Cenit, saying the attacks harm the country's population and the economy.

Reuters

3 Best Stocks to Buy Now for Long-Term Investors

Recent turmoil in the financial sector, renewed recession worries, and the Fed’s continued rate hikes paint an unfavorable picture for the stock market and economy. Amid this, long-term investors could opt for fundamentally sound stocks AstraZeneca (AZN), Cisco Systems (CSCO), and Ambev (ABEV) to withstand ongoing macroeconomic headwinds. Read more….

StockNews.com

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The National (Scotland)

'Insulting bile': Tory MSP slammed for dismissing wellbeing economy as 'meaningless'

A SCOTTISH Conservative MSP has been strongly criticised for dismissing the idea of a wellbeing economy in Scotland as “almost totally…

Axios

Fed raises interest rates, despite bank failures

The central bank acknowledged the crisis will likely weigh on economy

Reuters

Erdogan tries to salvage economic credibility before Turkey's election

Former Turkish economy tsar Mehmet Simsek's refusal to return to politics has left President Tayyip Erdogan's ruling party scrambling to rebuild its economic credibility less than two months before landmark elections, insiders and analysts say.

Birmingham Post

Figures suggest Space Park Leicester had an £89m impact on economy in its first year

It is part of a new Space City Leicester cluster - one of the biggest enterprise zones for space-related activities in the UK

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Wales Online

The bleak economic stats showing how the value of your wages has plummeted

The gulf between typical household incomes in Germany and the UK is staggering, and there are reasons for that

The Guardian - UK

UK inflation rise complicates Bank of England’s interest rate decision

Surprise increase makes hike more likely, but economy is perilously close to recession

Reuters

What's at stake in Turkey's upcoming elections?

President Tayyip Erdogan faces the biggest test of his 20-year rule in May elections that will decide not only who leads Turkey but how it is governed, where its economy is headed and what role it may play to ease conflict in Ukraine and the Middle East.

Asharq Al-Awsat

Khamenei Blames Protests on West, Refuses Changing Constitution

Iranian Supreme Leader Ali Khamenei on Tuesday blamed the US and its European allies for stoking popular protests that rocked Iran for months. In his Nowruz New Year message to the nation, Khamenei shut down calls for change at home, stressing that the economy is the most important issue facing…

The Guardian - UK

Switzerland’s national pride dealt heavy blow by the merger of its banking titans

‘A monster is born’, say local press, as Credit Suisse takeover by UBS creates bank twice the size of the Swiss economy

The Independent UK

Fed facing a blurrier outlook as it meets to weigh rate hike

The Federal Reserve is grappling with a hazier economic picture clouded by turmoil in the banking industry and still-high inflation just as it meets to decide whether to keep raising interest rates or declare a pause

The Independent UK

States cranking out even more tax cuts amid cash surpluses

The tax-cutting trend is going full force in states even as some are raising concerns about a slowing economy

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