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The Latest Breaking News from Economy

Can Germany’s economy minister keep the lights on this winter?

Memories of postwar squalor revived by Vladimir Putin’s shutting down of Nord Stream 1 pipeline

The Guardian - UK

India to be fastest growing major economy in the world in 2023 with at least 7% growth, says Jaishankar on Riyadh visit

Mr. Jaishankar arrived September 10 for a three-day visit to Saudi Arabia to discuss ways to further strengthen relations between the two countries.

The Hindu

India stays out of trade pillar in U.S.-led Indo-Pacific Economic Framework

India has decided to stay out of the joint declaration on one of the four pillars or the trade pilla

The Hindu

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'A Necessity': Lebanon's Forced Conversion to Solar

Thanks to solar energy, residents of the northern Lebanese village of Toula are finally able to enjoy ice cream again -- a treat in a sun-baked country plagued by power cuts. Lebanon's economy collapsed in 2019 after decades of corruption and mismanagement, leaving the state unable to provide electricity for…

Asharq Al-Awsat

Must make India global innovation hub in next 25 years: PM

NEW DELHI: Prime Minister Narendra Modi on Saturday said science should be at the centre of policy-making and stressed that the Centre and states have to “cooperate and collaborate” with the scientific community to frame modern policies that meet local needs such as affordable housing, promote climate-resilient agriculture and boost…

The Times of India

Lebanese Caution after Hochstein Lauds ‘Very Good Progress’ in Maritime Border Talks

The US mediator arbitrating negotiations of the maritime border between Lebanon and Israel, Amos Hochstein, reported “very good progress” towards arranging for a deal that benefits the Lebanese economy. Hochstein’s optimism followed his meetings with several Lebanese officials in Beirut. Many in Lebanon remain “cautious” as the results of talks…

Asharq Al-Awsat

Saudi Arabia Highlights Importance of Global Cooperation to Support World Economy

Saudi Minister of Economy and Planning Faisal bin Fadhil Al-Ibrahim has underlined the Kingdom’s steadfast commitment to renewing global cooperation and achieving the 17 UN Sustainable Development Goals (SDGs), the Saudi Press Agency reported. Al-Ibrahim said the G20 Development Ministers’ Meeting was an opportunity to work more closely and put…

Asharq Al-Awsat

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Believe the Fed...More PAIN on the Way for Stocks

It’s easy to appreciate the confusion for investors at this time. Just when you think the bears are back in charge...next comes a big 3 day rally that calls it all into question. But why did stocks rally? And why do most signs still point bearish? And why does Steve…

StockNews.com

Democrats have high hopes as midterms campaign kicks off with first mail-in ballots sent to voters

The midterm congressional campaign officially began Friday with Democrats facing a much-improved electoral environment amid a string of political wins, a strengthening economy and widespread anger over loss of abortion rights.

Tribune News Service

Minister eyes quick aid for small firms

Deputy Prime Minister Supattanapong Punmeechaow has stressed the need to speed up help for micro, small and medium-sized enterprises (MSMEs) that are still reeling from the impact of Covid-19, as the move can stimulate efforts to restore the pandemic-ravaged economy.

Bangkok Post

India stays out of Indo-Pacific trade pillar

LOS ANGELES: India has chosen to opt out from joining the trade pillar of Indo-Pacific Economic Framework’s (IPEF) for its legitimate concerns regarding the possibility of binding conditionalities linking the same to issues like environment and labour. Union commerce minister Piyush Goyal listed the reasons for opting this decision —…

The Times of India

Inflation shows no sign of slowing down in America and interest rate hikes will likely continue, warns top US economist

Loretta Mester is one of the 12 people who determine the official interest rate in the United States, and she has a grim warning for American households already struggling to pay their bills.

ABC News

2 Defensive Stocks to Hold Through Any Recession

Aggressive interest rate hikes by the Fed to bring the multi-decade high inflation under control and a slowing economy are raising the possibilities of a recession. Amid such a volatile market scenario, we think investors should hold fundamentally sound defensive stocks Coca-Cola (KO) and PepsiCo (PEP) to sail through any…

StockNews.com

Be more positive of our achievements: Nirmala Sitharaman

Union Finance Minister all praise for ‘inspirational work’ of BusinessLine Changemaker award winners

The Hindu

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Axios

The White House's new push to define Bidenomics

The White House is talking about the Biden economic record as something to embrace, a shift heading into the midterms.

Reason

Barbarian Is Nightmare Fuel for the Sharing Economy

The ultimate Airbnb horror story.

StockNews.com

How to Make Sense of Today’s Confusing Stock Markets

The market continues to confound and confuse both bulls and bears alike...The hope that a new bull market began in mid-June has been extinguished by the S&P 500 (SPY) declining from 4,300 to 3,900. While the bears continue to be stymied by an economy that continues to be more resilient…

The Independent UK

Hong Kong ranked the world’s freest economy by Canadian think tank for the 26th time in a row

Think-tank says it was difficult to assess how much impact China’s ‘economic and political crackdown’ or coronavirus had on the rankings

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The Guardian - UK

Ukraine needs ‘radical’ reform to sustain war effort, warn economists

Anti-corruption measures and progressive taxes among actions recommended by leading academics

Asharq Al-Awsat

EU Ministers Seek Ways to Face Energy Shock

EU energy ministers on Friday will attempt to forge a united response to the energy shock from Russia's war on Ukraine that has sent prices for electricity and heating skyrocketing. Moscow's invasion has seen the price of natural gas hit record levels, throwing the EU economy into deep uncertainty with…

Reuters

Germany's neighbours reluctant to sign gas sharing pacts - newspaper

Germany's neighbours are reluctant to sign bilateral agreements with Berlin on sharing gas in an emergency, Welt newspaper reported on Thursday, citing an economy ministry document.

Evening Standard

Truss’ policy will suppress inflation but stoke interest rates

While the policy will reduce inflation in the near term, by supporting economic activity it will boost inflation further ahead

Benzinga

Gilbert Family Foundation Launches Venture 313, Building On Support Of Detroit's Entrepreneurial Ecosystem

The Gilbert Family Foundation on Thursday announced the launch of Venture 313, a three-year, $10 million commitment that will help fulfill Detroit’s entrepreneurial potential and provide founders with opportunities to participate in the innovation economy.

The Guardian - UK

Germany to extend energy subsidies to smaller firms amid closure fears

Economy minister says ‘demand shock’ must be addressed, as economists raise fears of recession

Manchester Evening News

“I believe many businesses will still be forced to close” - Sacha Lord wants clarity for hospitality industry as energy support announced

The night-time economy advisor believes new measures will not be enough to avoid closures and redundancies

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