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The Latest Breaking News from Economy

Key points from Jeremy Hunt's speech from 'mini Canary Wharfs' to inflation

Chancellor of the Exchequer Jeremy Hunt gave a speech at Bloomberg in the City, London to outline the Tory party vision for the economy

Birmingham Post

The housing market wakes from the dead

It's a good sign for the economy overall.

Axios

Figures show UK £60bn worse off than other countries as Jeremy Hunt lays out growth plan

The dismal analysis came as Chancellor Jeremy Hunt gave a speech laying out the government's plans for investment and growth

Daily Mirror

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Watch: Jeremy Hunt outlines long-term economic plan ‘energised’ by Brexit

Watch as Jeremy Hunt spells out his plans for the economy, two months before his Budget statement in which he is expected to announce measures to boost the UK’s slow pace of growth.

The Independent UK

Jeremy Hunt ‘not even trying’ to settle NHS pay dispute, says Unison – as it happened

Unison general secretary says chancellor ‘completely ignoring vital public services’ after he gives speech on plans

The Guardian - UK

Asian shares edge higher, tracking Wall Street rally

Asian shares have advanced, boosted by a rally on Wall Street following reports suggesting the economy and corporate profits may be doing better than feared

The Independent UK

Premier Inn submits St Ives hotel plans for care home site

The national chain’s parent company Whitbread said the £10m accommodation could create jobs and bring millions of pounds into the local economy

Birmingham Post

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Japan PM says can't rule out return of deflation despite price spike

Japanese Prime Minister Fumio Kishida said on Friday that a return to deflation in the world's third-largest economy cannot be ruled out, because domestic demand remains weak.

Reuters

Chicago’s economy socked with one-two punch of COVID, crime: Here’s how mayoral candidates plan to keep it off the ropes

Mayor Lori Lightfoot describes herself as a “pro-Chicago business” mayor. But on her watch, Boeing and Citadel have left town. On the plus side, Chicago remains a hub for tech start-ups. As Lightfoot seeks reelection, she and her rivals disagree how to revive the economy and restore downtown.

Chicago Sun-Times

NSW drivers can now 'do their bit' to offset CO2 emissions during annual vehicle registration

NSW drivers can now offset their vehicle's carbon emissions annually — at a cost of about $80 — in a move the state government says will help the environment and the economy.

ABC News

China's 'comeback' needs more than a policy reversal

When President Joe Biden took office in 2021, his first message to the rest of the world was: "America is back". Having assumed his third term as general secretary of the Communist Party of China (CPC) in October, President Xi Jinping appears to be issuing a similar proclamation.

Bangkok Post

Emergency decree endorsed to tackle online fraud

The cabinet has approved a draft emergency decree meant to combat online fraud, enabling financial institutions to halt suspicious transactions temporarily for scrutiny, says Digital Economy and Society (DES) Minister Chaiwut Thanakamanusorn.

Bangkok Post

Jeremy Hunt warns economic ‘discipline’ needed to get inflation under control

Chancellor told a Cabinet away day that inflation is only predicted to fall due to ‘tough decisions’ to stabilise the economy.

The Independent UK

Michael Gove jokes it would be 'fatal' for Andy Burnham's career if they always agreed

The Levelling Up Secretary had plenty of praise for the mayor at the Convention of the North.

Manchester Evening News

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The Independent UK

Hunt calls for economic ‘discipline’ to curb cost-of-living pressures - OLD

The Chancellor told a Cabinet away day that inflation is only predicted to fall due to ‘tough decisions’ to stabilise the economy.

Fortune

Casualties of Big Tech layoffs find other companies are clamoring to hire them

After a decade-long boom, high-profile tech companies are laying off thousands of workers. But many of the unemployed are in demand outside of tech.

The Independent UK

Watch: Biden delivers speech in Virginia on the economy

Watch as Joe Biden makes a speech on the US economy at a steamfitters union hall in Virginia.

The Independent UK

Fox News viewers in shock as host gives gushing defence of Biden economy

Brian Kilmeade offered a couched defense of the president’s economic record ahead of Mr Biden’s upcoming address

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Fortune

‘Shockingly’ resilient consumers kept Americans out of a recession last year, but now they’re just about spent

Experts weigh in on the latest GDP report. Was the fourth quarter the economy’s final hurrah?

Newsroom.co.nz

Kiwi tech success story becomes the face of Chris Hipkins' workforce crisis

Never mind the chief executives and TV cameras in the CBD – it was a small business grouping in west Auckland that had the new Prime Minister and Deputy Prime Minister as a captive audience, to talk through the challenges for struggling employers. Jonathan Milne reports.

Foreign Affairs

America’s China Policy Is Not Working

The dangers of a broad decoupling.

Reason

TikTok Is Not a National Security Threat

Bipartisan efforts to ban the app in America would be a great blow to our economy and our liberty.

Fortune

Bill Gates says the rise of China is good for everyone and that Beijing needs to ‘play a stronger role in world governance'

He also warns that negative U.S. attitudes toward China, and vice versa, represent a “lose-lose mentality.”

The Conversation

Why labour strife at universities should concern us all

Universities are important public institutions. The education of students and the research undertaken on campuses have a broad impact throughout our economy and society. In Canada, a significant portion of university budgets also comes from government.

Reuters

IMF mission to visit Pakistan this month to discuss stalled bailout programme

An International Monetary Fund mission will visit Pakistan later this month to discuss the stalled ninth review of the country's current funding programme, the lender's resident representative said on Thursday, with the cash-strapped nation's economy in turmoil.

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