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The Latest Breaking News from Economy

In this week’s episode, Matthew speaks with Pia Orrenius, vice president and senior economist for the Federal Reserve Bank of Dallas, about the 2023 outlook for the Texas economy.

The Texas Tribune

Peru central bank: Early info shows protests affecting growth, inflation

Peru's economy and inflation have likely been hit by the ongoing social upheaval that has rocked the Andean nation since December, early indications suggest, the head of the central bank's economic studies unit, Adrian Armas, said on Friday.

Reuters

The 2 Best Energy Stocks to Invest in Right Now

The energy sector is poised to witness solid growth in the near term amid improved demand from the Chinese economy. In addition, owing to the onset of the EU embargo on Russian oil imports, prices could increase. Against this backdrop, it might be wise to invest in quality energy stocks…

StockNews.com

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read the most diverse news in one place.

Ignore the Luddites. Artificial intelligence can transform the UK economy to the benefit of workers

City Voices: Effective public policy can ensure that emerging technologies improve productivity and working conditions, not replace workers

Evening Standard

Pakistan fails to reach deal with IMF: What it means for economy

NEW DELHI: Cash-strapped Pakistan's woes deepened further after it failed to reach a consensus with International Monetary Fund (IMF) for $1.1 billion funding.

The Times of India

Five takeaways from Cyril Ramaphosa’s State of the Nation address

The South African president spoke about poverty, hope and resilience in his annual speech.

Al Jazeera

UK ‘not out of the woods yet’ after economy dodges recession by a whisker; Russia cuts oil output – as it happened

Latest GDP report shows that UK economy flatlined in final quarter of last year, while Russia is to cut oil production over Western price caps

The Guardian - UK

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India's march to $40 trillion economy under Amrit Kaal can be seized by smuggling: Report

NEW DELHI: The magnitude of smuggling and the consequent loss to the country's economy might become a roadblock in India's march towards a $40 trillion economy under the government's vision of Amrit Kaal, a report said.

The Times of India

UK can expect year of stagnation after narrowest of escapes from recession

Marginal expansions and contractions in 2023 will do little to solve a lack of investment and export shortfall

The Guardian - UK

Firms must embrace flexibility to attract and retain workforce

The balance between the employer and employee has changed

Birmingham Post

George Skelton: Feinstein deserves a graceful exit, and she'd be wise to take it

SACRAMENTO, Calif. — Former House Speaker Nancy Pelosi's quick endorsement of Rep. Adam B. Schiff's Senate candidacy was huge — far more significant than an ordinary endorsement.

Los Angeles Times

UK narrowly avoids recession after figures show growth flatlining

Economy contracted in December by 0.5% after expansion of 0.1% and 0.55% in previous two months

The Guardian - UK

UK economy stagnates during final three months of 2022

The British economy has stagnated in the final three months of last year under the weight of a cost-of-living crisis

The Independent UK

UK avoids recession by narrowest margin but 'not out of woods yet'

THE UK avoided a recession by the thinnest of margins after the economy flatlined in the last three months of 2022, new data shows.

The National (Scotland)

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Insider UK

UK narrowly avoids recession as the economy flatlines at the end of 2022

When counting to two decimal places, the UK managed 0.01% growth in the fourth quarter

Birmingham Post

UK narrowly avoids recession as economy flatlines at end of 2022

New figures for the last quarter of 2022 show a tiny level of growth, avoiding a second quarter of decline that defines a recession

The Independent UK

UK ‘not out of the wood’ after narrowly avoiding recession

Bank of England still expects UK to enter ‘shallow’ recession

Evening Standard

GDP: No recession yet, but Britain’s not out of the woods

Break in Premier League games helps fuel economy slowdown

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Wales Online

UK economic growth hit zero at end of 2022

The economy contracted sharply in December meaning, overall, there was no growth in the economy over the last three months of 2022

Reuters

Crucial $1.1 billion IMF deal eludes Pakistan for now; talks continue

Pakistan and the International Monetary Fund are to resume talks online next week they said on Friday, after ten days of face-to-face discussions in Islamabad on how to keep the country afloat ended without a deal.

Bangkok Post

Baht strength a risk to economy: Finance Minister Arkhom

The strengthening of the baht is a risk to Thailand's economy at the moment as it reduces export volumes, the finance minister said on Friday.

ABC News

Rejected open-cut mine project rebrands after environmental concerns stopped eastern Victorian proposal

The company behind a controversial mineral sands mine project that was rejected due to environmental risks rebrands in an attempt to revive the proposal for a site in eastern Victoria.

Fortune

Uber's strong quarter could be a good sign for the economy

Uber's strong earnings could be flashing a signal that the economy is returning to normal.

France 24

Nigeria tests new voting system

Ahead of Nigeria's elections, voters help electoral authorities test out a new system meant to head off vote rigging. Also, we hear from Hamitraoré, an Ivorian activist trying to hasten FGM's end by bringing discussions about its impact into the open. Finally, Tunisians frustrated by a stagnant economy find new…

Fortune

Larry Summers compares the Fed's inflation fight to taking a medicine to fight an 'infection'—and says the 'risks are very large' that the economy tips into a recession

Former Treasury Secretary sees a soft landing as a possibility, but the risk of a recession still remains very high.

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