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The Latest Breaking News from Economy

Elon Musk: World needs more oil and gas as bridge to renewables

The world needs more oil and gas now to deal with an energy shortage while pushing to transition to renewable supplies, Tesla Inc chief executive officer Elon Musk said.

The Times of India

Harry Potter actor Matthew Lewis rages after claiming he was kicked out of first class into economy on flight

He said 'we as a society should not be okay with normalising the profiteering of overbooking and kicking people off flights'

Wales Online

What are green jobs and how can I get one? 5 questions answered about clean energy careers

When President Joe Biden signed the Inflation Reduction Act in August 2022, he called it the “largest investment ever” to fight climate change. He also said it would lead to the creation of well-paying union jobs to help “reduce emissions across every sector of our economy.” These jobs are also…

The Conversation

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Floods, other water-related disasters could cost global economy $5.6 trillion by 2050 -report

Worsening droughts, storms and torrential rain in some of the world's largest economies could cause $5.6 trillion in losses to the global economy by 2050, according to a report released on Monday.

Reuters

Nigeria's economy: four priorities the next president must deliver on

Nigeria is preparing to elect its next president in February 2023. That person will have a daunting task fixing a near comatose economy.

The Conversation

Harry Potter star's furious rant as airline bump him from first class to economy

The Harry Potter star had been on his way to a fan convention in Canada when he hit out at the airline after he was forced to travel in economy from Orlando Airport.

Edinburgh Live

8 best short-term investments in August 2022

If you’re looking to invest money for the short term, you’re probably searching for a safe place to stash cash before you need to access it in the not-so-distant future. The volatile markets and slumping economy led many investors to hold cash as the coronavirus crisis dragged on — and…

Tribune News Service

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Harry Potter star rages as airline 'bumps him to economy from first class'

Matthew Lewis, best known as Neville Longbottom in the film series, says his ticket was torn up at Orlando International Airport.

Daily Record

Did sanctions really hurt the Russian economy?

Six months after the Kremlin sent troops into Ukraine, the Russian economy finds itself at a crossroads.

Al Jazeera

Liz Truss warned 'simplistic' tax cut plans would 'completely crash' the economy

Institute for Fiscal Studies boss Paul Johnson tore into the Conservative frontrunner's tax plans - as ex-Chancellor Lord Darling warned of the 'lethal cocktail' facing the British economy from inflation and a looming recession

Daily Mirror

Chinese think tank: Virus curbs must change to help economy

A Chinese think tank has issued a rare public disagreement with the ruling Communist Party’s severe “zero COVID” policy, saying curbs that shut down cities and disrupt trade, travel and industry must change to prevent an “economic stall.”

The Independent UK

Harry Potter star rages after airline 'bumps him from first class to economy'

Matthew Lewis, known for playing the loveable Neville Longbottom in the Harry Potter series, took to Twitter to share his frustration at an airline, claiming he was moved to economy from first class with little explanation and no apology

Daily Mirror

Iran President: No Way Back to Nuclear Deal if Probe Goes on

Iran's president warned Monday that any roadmap to restore Tehran's tattered nuclear deal with world powers must see international inspectors end their probe on man-made uranium particles found at undeclared sites in the country. In a rare news conference marking his first year in office, President Ebrahim Raisi also issued…

Asharq Al-Awsat

Four countries, six years, 7,000 miles: one Afghan family’s journey to the US

Zahra Amiri is among 41,000 working-age Afghans who have resettled in the US and are set to contribute $1.4bn to the US economy in their first year of work, according to new data

The Guardian - US

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AAP

Education takes to stage at skills summit

Tertiary and early childhood education advocates say they must be prioritised when the federal government creates its employment plan for the economy.

Tribune News Service

Central Bankers in Jackson Hole embrace tightening mission ahead

Top officials from the world’s biggest central banks coalesced around a simple message in Jackson Hole this weekend: They are ready to follow through with higher interest rates, even if it does some damage.

The New Daily

Alan Kohler: Business is on a hiding to nothing at the jobs summit

Australia’s businesses and their leaders will show up at this week’s Jobs and Skills Summit with one thing in mind – give us more workers.

AAP

Calls for science investment before summit

A leading science peak body says further investment in the area could lead to a $52 billion windfall for the national economy.

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The Guardian - AU

Labor is sending mixed messages on energy – and some of it sounds like climate denial

The release of vast new areas along the Australian coast for oil and gas exploration is undermining proclamations about creating a cleaner economy

Tribune News Service

Warren says Fed policies could tip US economy into recession

WASHINGTON — Sen. Elizabeth Warren took aim at the Federal Reserve’s inflation-fighting game plan on Sunday, saying she was worried the central bank will tip the U.S. economy into a recession.

The Hindu

Data protection bill likely to be presented in Budget Session, says Ashwini Vaishnaw

Draft legislation will be out for consultation soon, says Union Communication Minister

Reuters

Germany's gas storage facilities filling up faster than planned - Econ Minister

Germany's gas storage facilities are filling up faster than planned, Economy Minister Robert Habeck said, giving hope that Europe's biggest economy could avoid acute gas shortages this winter.

Belfast Live

East Belfast ice cream shop given new lease of life by local man after being snatched up in a week

"It’s great to see Morelli’s Belmont Road selling in less than a week, given all of the negativity around the economy and market in general"

The Guardian - UK

Point of no return: crunch time as China tries to fend off property crash

With the global economy also at a crossroads, Beijing’s leadership faces a perilous test of nerve on its lending crackdown and zero-Covid strategy

Asharq Al-Awsat

IMF: Saudi Arabia Reaping Benefits of Transparent Economic, Financial Policies

Saudi Arabia is reaping the fruits of success after implementing transparent economic and financial policies, good management of the coronavirus crisis and carrying out economic reforms that have led to increased job opportunities and continued improvement in living standards, revealed IMF Mission Chief for Saudi Arabia Amine Mati. The Kingdom’s…

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