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The Latest Breaking News from Economy

Moody’s Projects Saudi Economy to Grow 3.9% by 2026

Moody’s credit rating agency has expected Saudi Arabia’s economy to register an average growth rate of around 3.9 percent during the period from 2022 to 2026. In an annual in-depth credit analysis report, it said the Kingdom’s credit strengths are derived from its robust government balance sheet, underpinned by moderate…

Asharq Al-Awsat

Central bank to ensure uninterrupted economic recovery

Thailand's economy has clearly recovered and the Bank of Thailand (BoT) will ensure the recovery is not interrupted by efforts to tackle higher inflation, BoT governor Sethaput Suthiwartnarueput said on Wednesday, amid expectations of an interest rate hike.

Bangkok Post

Explainer: Exploring the land scheme for foreigners

The government's latest bid to attract affluent foreigners involves offering the ability to purchase land for residential use in the country. While this proposal is intended to reinvigorate the economy, many analysts are urging caution.

Bangkok Post

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Amazon pays £648m in UK taxes as revenues leap beyond £23bn and workforce grows to more than 70,000

Online giant says it is proud of 'significant economic contribution' to the UK economy.

Birmingham Post

World Bank urges more direct aid

Fabrizio Zarcone, the newly appointed World Bank country manager for Thailand, recommends three fiscal measures to help protect Thai households from shocks, build social cohesion and resilience while creating space for public investment.

Bangkok Post

Economy and Society: July 19, 2022- Missouri Treasurer challenges ESG impact on public pensions

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.

Ballotpedia

Automakers targeting average households with new crop of EVs

In their first rollouts of electric vehicles, America’s automakers targeted people who value short-range economy cars

The Independent UK

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Exhibition highlighting dangers of consumption to tour Scotland

A new interactive exhibition touring Scotland this summer hopes to get people thinking about our society’s “throwaway culture”

The National (Scotland)

The boom and bust of our polytechs

On January 1, Te Pūkenga will take over the country's 16 polytechnics and industry training organisations. Can a mega-merger bring the sector financial security?

Newsroom.co.nz

Apple reportedly will curb hiring next year in response to rocky economy

The company joins other tech firms in slowing hiring as fears grow that inflation will lower consumer demand

The Guardian - US

72 000 more workers in jobs on payrolls than last year, ONS figures show

AROUND 72 000 people were in employment last month than in the same period last year, figures from the Office for National Statistics have shown.

The National (Scotland)

A Potential Bullish Case in the Midst of the Current Bear Market?

Since mid-June, market action has been pretty benign especially given the context of a bear market. It's clear that the economy is slowing which is a major bearish development as it increases the odds of an earnings contraction. But, there is also a bullish impulse as the S&P 500 (SPY)…

StockNews.com

Deregulation of the UK financial sector on top of a fragile economy will be disastrous

The government must face the reality that the oversized City is fundamentally broken, says Fran Boait of campaign group Positive Money

The Guardian - UK

Inflation is rising in Kenya: here's why, and how to fix it

Inflation has hit many countries recently, from the United States to Sri Lanka.

The Conversation

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Reuters

Cuba says no short-term fix for blackouts

Cash-strapped Cuba delivered the bad news to residents Monday evening that there was no end in sight to blackouts disrupting their lives and the economy.

WEKU

Yellen believes U.S. will get on board with global minimum corporate tax — eventually

Treasury Secretary Janet Yellen spoke to Morning Edition about global efforts to choke off much of Russia's profit from oil sales and the odds of a recession in the U.S.

The Independent UK

Which airlines have the best hand luggage policies?

As ‘baggage chaos’ adds to travellers’ stress at UK airports, avoiding checking in cases might just be the way to go

Insider UK

UK Government cancels loans to Sanjeev Gupta's group

Scottish Liberal Democrat economy spokesman calls for Scottish Government to end secrecy about its financial involvement

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Dublin Live

Recession Ireland: Dublin's economy faces 'slow down' as Eddie Hobbs might be proven right

Inflation will 'likely' have a negative effect on businesses in the second half of 2022

Bangkok Post

Malaysia not at risk of collapsing like Sri Lanka: minister

Malaysia is stable and is not at risk of going bankrupt like Sri Lanka, Finance Minister Zafrul Aziz said, citing the International Monetary Fund’s prediction for the economy to expand 5.75% this year as reason for confidence.

Birmingham Post

Why urgent action is needed to reform malfunctioning capitalism

Measures needed include greater parity between debt and equity and tougher action against collusive behaviour

The Independent UK

Johnson defends his leadership at final Cabinet meeting

The Prime Minister highlighted efforts to protect the economy during the pandemic, measures to help the cost of living and his commitment to net zero.

The Independent UK

Biden approval rating drops to all-time low amid worries over inflation and looming recession, new poll shows

Poll shows Joe Biden and Kamala Harris’s favourability has taken a nose dive

The Independent UK

Liz Truss: Who is the foreign secretary hoping to become Prime Minister?

Social media savvy ‘human hand grenade’ seen as continuity candidate and faces uphill battle to displace favourites Rishi Sunak and Penny Mordaunt

Al Jazeera

US promotes ‘friend-shoring’ of trade with eye on China, Russia

US treasury secretary highlights economic threat posed by ‘unreliable countries’ during visit to South Korea.

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