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The Latest Breaking News from Economy

Unis could help end skills shortage: Scott

University of Sydney vice-chancellor Mark Scott has urged the government to put a greater emphasis on higher education to boost the economy.

AAP

Philadelphia mayor, Creative Philly announce they will issue open call for artists for $500K Harriet Tubman statue

PHILADELPHIA — Mayor Jim Kenney and the Office of Arts, Culture and the Creative Economy have withdrawn the $500,000 no-bid commission for a new Harriet Tubman statue and will now open the process for other artists.

The Philadelphia Inquirer

New, lasting, economic models of tourism

Creating new economic structures for tourism will require a fundamental shift in values.

360info

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read the most diverse news in one place.

Lessons from tourism economies that serve the community

Tourism revenue doesn’t always benefit the local people and economy. It’s time to change that.

360info

Mikhail Gorbachev: The rise and fall of the last Soviet leader

Mikhail Gorbachev, who has died aged 91, was revered in West but criticised by many Russians for overseeing end of USSR.

Al Jazeera

What was the Commonwealth Employment Service? Why are people calling for it to return?

The Commonwealth Employment Service grew out of a realisation that unemployment had been a policy choice, but it fell out of government favour in the late 1980s and was privatised in 1998, leaving many former staff mourning what was once possible.

ABC News

Mikhail Gorbachev: Soviet Union’s final president who changed world history

‘An epoch in world history came to an end directly as a result of his actions’

The Independent UK

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Personal data at risk in govt hands

Only one month after enforcing the law to protect the Thai people's personal data security and privacy, the government had a change of heart.

Bangkok Post

UK Government needs to urgently act to support firms facing spiralling energy costs says Welsh Government

There are fears that many firms across the economy will go bust without financial support

Birmingham Post

The age of hyper-lapse consumerism

Consumers and businesses should be mindful of the consequences of their actions

The Hindu

Sheffield is leading the way on reuse of old department stores

Letter: The decision to list the city’s Cole Brothers store was the right one for both the economy and the climate, say architecture and heritage campaigners

The Guardian - UK

Liz Truss: Who is the foreign secretary hoping to become prime minister?

‘Human hand grenade’ seen by Tories as Johnson continuity candidate and ahead of Rishi Sunak throughout the race thanks to questionable tax promises and neo-Thatcherite branding

The Independent UK

Treasurer Chalmers on boosting migration and a 'resilience' budget

For Treasurer Jim Chalmers, this week’s jobs and skills summit is the prelude to what will be his main game, the October budget.

The Conversation

Indian economy can touch $20 trillion by 2047: Bibek Debroy

NEW DELHI: Indian economy's size will touch $20 trillion by 2047 provided the annual average growth is 7-7.5 per cent in the next 25 years, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman Bibek Debroy said on Tuesday.

The Times of India

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Tribune News Service

Editorial: Not very PPProgressive: Lessons learned from PPP loans that went mostly to the rich

As the pandemic forced widespread closures in 2020, federal policymakers were staring down a torrent of job losses. Millions of workers were being laid off from businesses large and small, and millions more would lose their jobs with every passing week, causing indelible long-term damage to their financial picture and…

The Hindu

The U.S. Fed’s long shadow on central banks around the world

Over the weekend the American central bank indicated quicker tightening than expected — this makes emerging market economies, especially low-income ones, vulnerable

The Times of India

Economy faces resilience test amid rising interest rates

NEW DELHI: Indian economy probably grew at the fastest rate in a year last quarter driven by healthy consumption, but the pace of expansion is seen slowing as policymakers prioritize rising prices over growth.

Al Jazeera

As China’s property crisis grows, is the global economy at risk?

China’s house prices are falling as Beijing reins in sector, raising fears for economic growth at home and globally.

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StockNews.com

Who Wins the Tug-of-War Going on in the Stock Market?

Did you know that the tug of war was actually an Olympic sport from 1900 to 1920. Now, I’m generally a person who embraces the new and doesn’t reflexively believe the past is better. But, in this case, I’ll make an exception. Tug of war needs to be immediately added…

Bangkok Post

Geopolitical strife threatens recovery

Thailand's economy has recovered after the country's reopening but geopolitical conflict remains a threat, according to a senior official at the Fiscal Policy Office (FPO).

Benzinga

Gold Sees Light at the End of the Fed's Tightening Tunnel

Gold Sees Light at the End of the Fed’s Tightening Tunnel The FOMC hiked rates by 75 basis points in July. However, the recession drums are getting louder, and gold likes such music.

Benzinga

Could The Rise Of Natural Gas Demand Lead To A Cease-Fire In Ukraine? Former Saudi Aramco Vice President Thinks So

Dr. Sadad Al Husseini, the former executive vice president of Saudi Aramco and founder of Husseini Energy, a Saudi Arabian energy company, was on CNBC Monday commenting about natural gas supply and demand and the effect of sanctions on Russia and the global economy.

The Guardian - AU

Increasing paid parental leave to 52 weeks would give billion-dollar boost to economy, unions say

In the lead-up to Labor’s jobs and skills summit, unions have also called for payments to match actual wages and the inclusion of superannuation

Newsroom.co.nz

The jostling winners in a dog-eats-dog high inflation world

The cost of living is increasing at its fastest rate since 1990. Inequality means more status competition, as people jostle in a high-stakes economy.

Axios

The global economy may have entered a new era: "The Great Volatility"

Pandemic, war and climate change have created rolling crises

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