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The Latest Breaking News from Economy

Xi Jinping expands power, elevating loyalists, forcing out moderates

China’s leader, Xi Jinping, extended his formidable dominance on Saturday, advancing a contingent of Communist Party loyalists ready to defend his personal power and expand the state’s influence over the economy and on national security.

Bangkok Post

Two polls show Republicans pulling ahead nationwide. What that could mean for Pa.’s top races.

PHILADELPHIA — National political trends are shifting in Republicans’ favor as inflation assumes an even more dominant position in voters’ minds, according to two recent polls — a potentially significant development for key Pennsylvania races that could be decided by just a few percentage points.

The Philadelphia Inquirer

Analysis: Biden sharpens final midterms pitch by ramping up rhetoric, touting economic gains

WASHINGTON — President Joe Biden is sharpening his final sales pitch for next month’s midterm elections, casting himself as fully in control of a solid economy even as economists and Republicans warn of a coming recession.

Tribune News Service

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Fade the Friday Rally

Bull markets do not go straight up. There are plenty of down days, weeks and even months for the S&P 500 (SPY) added into the mix. Conversely bear markets do not go straight down. In fact, they have some pretty sizeable rallies that come along the way often clouding the…

StockNews.com

Chalmers offensive: crunch time as treasurer faces first federal budget

A volatile global economy looms as Jim Chalmers assembles the Albanese government’s inaugural budget, where he will be judged on delivering on election promises while exercising restraint

The Guardian - AU

India needs to follow Chinese e-commerce model for effective taxation, integrating rural economy: Arun Kumar

NEW DELHI: India needs to follow the Chinese e-commerce model rather than following the US model for effective taxation and integrating small vendors, especially in rural areas, suggested a noted economist Arun Kumar on Friday.

The Times of India

Alastair Campbell: 'Tories have made Britain the laughing stock of the world'

Former Labour spin doctor Alastair Campbell says Boris Johnson, Liz Truss and Brexit have crashed the economy and trashed Britain's reputation around the world, turning the UK into a laughing stock

Daily Mirror

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‘Mega MAGA trickle-down’: Biden sharpens final midterms pitch - Roll Call

President Biden is casting himself as managing a solid economy even as Republicans and economists warn of a coming recession.

Roll Call

Italy's Giorgetti named economy minister, Tajani foreign minister

New Italian Prime Minister Giorgia Meloni on Friday named Giancarlo Giorgetti of the League party as her economy minister and said the foreign ministry will go to Antonio Tajani from Forza Italia.

Reuters

LOCALIZE IT: How to tell inflation story for your audiences

EDITORS/NEWS DIRECTORS:

The Independent UK

Low-key 'fixer' Giorgetti named Italy's economy minister

Giancarlo Giorgetti, Italy's new economy minister, is a veteran political wheeler-dealer viewed as a moderate and relatively pro-European member of his right-wing League party.

Reuters

India’s economy lighting up on peak festive season demand

Shoppers in India are back in force online and in stores, splurging this festive season after the coronavirus pandemic damped celebrations and consumption in previous years.

The Times of India

Jeremy Hunt vows to ‘drive down’ government debt after leap to £20bn

‘Strong public finances are the foundation of a strong economy’, chancellor says

Evening Standard

The Standard View: Britain needs a leader to get a grip, and fast

After 44 days in office, inflicting damage to the economy and temporarily reducing Britain’s global standing to a punchline, Liz Truss acknowledged that she could not “deliver the mandate” on which she was elected by the Conservative Party. The question now is not only who replaces her, but what comes…

Evening Standard

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Wales Online

Brits are too polite to haggle and it costs us almost £300 a year

Gumtree has partnered with TV presenter Oobah Butler, known for his Stock Market trades on Instagram to offer consumers top tips on bagging a bargain

Salon

GOP is bad on abortion — and inflation

Republicans have no ideas on how to fix the economy — and what they are planning will only make things worse

The Independent UK

Stability of UK economy in Ireland’s interest, country’s finance minister says

Paschal Donohoe said he hopes close cooperation between the two countries can resume with a new UK Prime Minister.

Tribune News Service

Auto review: Honda’s redesigned 2023 CR-V is a welcome makeover

It's now forgotten that small sport utility vehicles were once dubbed "cute utes," implying that these vehicles weren't true SUVs. However, they’ve since become the most popular vehicles on the market because of their spacious interiors, compact footprints, exceptional fuel economy, and reasonable prices.

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Miami Herald

The Week Ahead: The 'quiet week' will be noisy

For a little more than a week before each of its interest rate setting meetings, the Federal Reserve falls silent. The central bank calls it a blackout period. It’s a time when its leaders stop shedding light on their views of the American economy and go mute on the range…

Axios

Axios Finish Line: The upside of downturns

The true test of a good business is what happens when you're smacked with a wobbly economy.

Bangkok Post

The global leadership India needs

India, like China, takes enormous pride in its civilisation's scale and antiquity -- and rightly so. But such pride can also lead to a complacent and sometimes dangerous insularity. Since gaining independence from the British Empire 75 years ago, India has mostly looked inward, focusing on improving the welfare of…

Bangkok Post

Global economy to grow by 3.2% amid downturn

The global economy is growing at 3.2% this year, a substantial drop from 6% last year, with an even gloomier outlook for next year, according to Finance Minister Arkhom Termpittayapaisith after the Apec Finance Ministers' Meeting on Thursday.

Al Jazeera

Biden touts infrastructure investments as US midterm vote looms

Amid Republican criticism of US spending, president promotes economic programmes in battleground state of Pennsylvania.

The New Daily

Jim Chalmers is ignoring his own warnings of a possible recession

The Treasurer appears to be ignoring his own warnings ahead of the federal budget about the need to be prepared for a global recession.

The Independent UK

EXPLAINER: Why was Truss' tenure so short -- and now what?

British Prime Minister Liz Truss took office last month with hopes and promises of reinvigorating the British economy and putting it on the path to long-term success

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