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The Latest Breaking News from Economy

What our shopping choices say about the U.S. economy

Here's what we learned from a hectic spate of financial report cards shared by top U.S. retailers.

WEKU

King Salman Orders Investments Worth $1Bln in Pakistan

Custodian of the Two Holy Mosques King Salman bin Abdulaziz ordered investments worth USD1 billion in Pakistan in reflection of the Kingdom’s support to Pakistan’s economy and people. The announcement was made during a telephone call received by Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah from his Pakistani…

Asharq Al-Awsat

2 Safe Stocks to Load up on Right Now

The stock market has remained under tremendous pressure since the beginning of 2022 due to ongoing macroeconomic issues. The Fed’s monetary policy tightening and a slowing economy are raising recession fears among investors. Amid such a volatile environment, investors should consider adding safe stocks KT Corporation (KT) and Bridgestone (BRDCY)…

StockNews.com

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Recognizing the transformational potential of Indigenous-led conservation economies

Over the last decade, Canada has seen an increase in the number of initiatives to green or circularize the economy through sustainable development, as well as those that support and enhance Indigenous environmental leadership.

The Conversation

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

Social media savvy ‘human hand grenade’ seen as continuity candidate and currently ahead of Rishi Sunak thanks to questionable tax promises and neo-Thatcherite branding

The Independent UK

Yes must show Scots we 'can't afford' to stay in UK to win indyref2, campaigners say

THE Yes movement must win the economic arguments for independence if it hopes to win the next referendum, new polling has suggested.

The National (Scotland)

Jews are leaving Russia again – is history repeating itself?

It’s not the first time that Jews have felt it necessary to flee Russia, but the invasion of Ukraine has resulted in the fourth wave of exiles in the past hundred years.

The Conversation

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Biden’s student-loan relief adds new wrinkle to inflation debate

President Joe Biden’s plan to forgive a portion of student loans held by tens of millions of people will ripple through the economy as personal spending and savings shift, but no factor will be more closely watched than inflation.

Tribune News Service

Fewer Americans claim jobless benefits last week

Fewer Americans filed for unemployment benefits last week as the labor market continues to stand out as one of the strongest segments of the U.S. economy

The Independent UK

Government revision shows economy shrank 0.6% last quarter

The U.S. economy shrank at a 0.6% annual rate from April through June, the government said in a slight upgrade from its initial estimate

The Independent UK

South Sudanese return to Sudan seeking relief, but find more hardship

Living in flimsy shelters made of wood and plastic tarp or half-finished concrete buildings, South Sudanese who have returned to Sudan are finding life tougher as their former country's economy tumbles.

Reuters

Asia Cup 2022, India vs Pakistan: How the T20I numbers stack up

NEW DELHI: One of the most celebrated rivalries in the cricketing world is the clash between arch-rivals India and Pakistan. However India vs Pakistan cricket clashes are a rare commodity now with no bilateral contest for almost a decade. The two teams play each other exclusively in the International Cricket…

The Times of India

Lebanon: Aoun, Mikati Hold Unfruitful Meeting amid Disagreement over Govt Lineup

A meeting on Wednesday between President Michel Aoun and Prime Minister-designate Najib Mikati failed to advance the talks over the formation of a new government. Well-informed sources told Asharq Al-Awsat that the two officials disagreed over the government lineup and the number of ministers. The sources noted that Mikati preferred…

Asharq Al-Awsat

Huawei founder sparks alarm in China with warning of ‘painful’ next decade

Ren Zhengfei writes in leaked memo that ‘chill will be felt by everyone’ and company must focus on survival

The Guardian - AU

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The Times of India

India economic indicators gave mixed signals on recovery in July

NEW DELHI: India’s business and consumption activity showed conflicting signs of recovery in July as elevated inflation, rising borrowing costs and fears of a global slowdown weighed on Asia’s third-largest economy.

Insider UK

Scottish SMEs report revenue growth, but brace for turbulent times ahead

Confidence in their own businesses contrasts with pessimism around wider economy

Asharq Al-Awsat

Half of China Hit by Drought in Worst Heatwave on Record

A crippling drought exacerbated by a record heat wave has spread out across half of China and reached the normally frigid Tibetan Plateau, according to official data released ahead of more searing temperatures on Thursday. The world's second-largest economy has been hit by heatwaves, flash floods and droughts -- phenomena…

Asharq Al-Awsat

Asian Markets Rise with Eyes on China, Fed Speech

Asian markets rose Thursday after China unveiled fresh measures to boost its economy, while investors awaited a speech by the Fed chair that may hold clues about future rate hikes. Central bankers are meeting in Jackson Hole in the US state of Wyoming, and all eyes are on Federal Reserve…

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The Independent UK

Asian stocks gain as global markets await Fed chair speech

Asian shares are trading higher as global markets wait for a highly anticipated speech from the U.S. Federal Reserve chair about interest rates at the end of the week

The Hindu

Researchers want Odisha’s Angul to plan transition to green energy

Angul currently accounts for 12% of India’s and 56% of Odisha’s coal production

Bangkok Post

Business shrugs off PM's suspension

Business leaders expect Wednesday's decision by the Constitutional Court to suspend Prime Minister Prayut Chan-o-cha from office to have little impact on the government's administration and its ongoing efforts to spur the country's fragile economy.

Bangkok Post

Thai economic contraction beckons

Why does the Thai economy risk facing an economic contraction in the second half of this year? The answer is simple.

Bangkok Post

Arkhom upbeat on Thai growth outlook of 3.5%

Thailand's economy could grow by 3.5% this year, depending on how the tourism and export sectors perform in the second half, says Finance Minister Arkhom Termpittayapaisith.

ABC News

Large firms dominate Australia's economy and it's costing you money, says Labor MP Andrew Leigh

Australia's economy is becoming more concentrated, and dominant firms are increasing prices.

WEKU

6 key numbers that reveal the staggering impact of Russia's war in Ukraine

Russia invaded Ukraine six months ago. In that time, thousands of people have been killed, cities destroyed, millions of people displaced and the Ukrainian economy has been battered.

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