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The Latest Breaking News from Economy

War is stopping Ukraine from paying its debts -- here's how international powers can continue to support its recovery

Ukraine is burning through money fast. The invasion by Russia has been costly for the country. According to the International Monetary Fund, Ukraine’s GDP could shrink by 35% as a result of the war. The country’s international grain exports have been severely hampered, with a recent deal to restart exports…

The Conversation

India's unemployment lowest in 6 months at 6.80% in July: CMIE

MUMBAI: The country's unemployment rate in July fell to 6.80 per cent, the lowest level in the last six months, amid rising agriculture activities during monsoon, according to Centre for Monitoring Indian Economy (CMIE) data.

The Times of India

One in five nightclubs in Great Britain closed during Covid pandemic

Data shows only 1,130 nightclubs remain in England, Wales and Scotland – a 20% drop on March 2020

The Guardian - UK

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U.S. job openings slid to 10.7 million in June

American employers posted fewer job openings in June as the economy contends with raging inflation and rising interest rates

The Independent UK

2 Stocks That Could Be Long-Term Winners for Investors

With the economy reporting two consecutive quarters of GDP decline, many analysts believe that the economy has already entered a recession. During periods of market uncertainty, investors should look for stocks that could win in the long run based on their strong fundamentals and solid growth prospects. We think Pfizer…

StockNews.com

Senior Tory says second homes crackdown will drive people away and depress house prices

Welsh Secretary Robert Buckland MP said people with long-term links to Welsh communities would be driven out by the second homes crackdown

Wales Online

Editorial: US, world face economic turmoil

Whether America is in a recession or not has yet to be officially determined. But unofficially, U.S. consumers may already believe that a downturn has begun and may be accelerating after a week of consequential economic news and months of rising prices.

Tribune News Service

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Taiwan tensions eclipse China's economic slump

President Xi has de-emphasized the economy — and is focusing on building China's global status as a "great power."

Axios

Shift in consumer behaviour is crucial to success of sustainable shopping, report finds

A new report shows that there needs to be a sea change in how shoppers consume and view products to encourage them to engage in recycling and repair initiatives

Birmingham Post

Tourism jump to power growth to 5-year high in 2023: Prayut

A faster-than-expected rebound in international visitors is putting Thailand’s economy on course to return to pre-pandemic growth by next year, according to the prime minister.

Bangkok Post

Cardiff economy thriving but lags on high wage employment says report

The Welsh capital is leading on GDP per capita but falling behind the UK and London on average earnings

Birmingham Post

Wondering what the ACT budget means for you? Here are the five key takeaways

According to the latest ACT budget, the territory's economy is thriving, despite outside forces continuing to threaten Canberrans' hip pockets.

ABC News

Sri Lankans bide time as leaders seek fix for economic woes

Sri Lankans have endured months of fuel and food shortages

The Independent UK

New Zealand is touting a green hydrogen economy, but it will face big environmental and cultural hurdles

In its plan to retool the economy, the New Zealand government highlighted green hydrogen as a game-changing fuel. It can indeed be used to make climate-friendly fertilisers and steel or to power some modes of transport that aren’t suited to batteries.

The Conversation

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Tribune News Service

California facing risk of revenue shortfall as economy slows

California is likely to see revenue from its three major tax sources fall short of forecasts during the current fiscal year as a slowdown in the economy and the slumping stock market chip away at what had been surging tax collections.

Reuters

Argentina's economy superminister appoints top advisers

Argentina's new economy superminister appointed his top advisers on Monday, vowing to stop high inflation and the deterioration of the South American country's economy.

Bangkok Post

Depa touts high tech farming

Thailand's farming sector is expected to steer towards tech adoption, referred to as Agricultural 2.0 and 3.0, over the next five years, driven by lower equipment costs and the government's support, according to the Digital Economy Promotion Agency (Depa).

Chicago Sun-Times

Gas prices, economy not the only issues in election this fall

Is cheap gas worth losing a functioning democracy?

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StockNews.com

3 Dividend-Paying Stocks to Consider During a Recession

Rising inflation, the Fed’s hawkish stance to tame it, and an economic contraction for two consecutive quarters have stoked fears of a recession in the U.S. economy. Amid the likely economic downturn, investors could consider investing in stocks that provide a steady income in the form of dividends. Therefore, we…

Reuters

Italy's right-wing frontrunners see room to revamp national Recovery Plan

The Brothers of Italy party, in pole position for next month's elections, sees room to revamp parts of an European Union-funded investment programme to help the economy tackle an energy crisis and soaring costs, a party official said on Monday.

The Guardian - UK

Sanctions against Russia are not backfiring

Letters: Immoral behaviour must be challenged, says David Sutherland, while Scott Blau highlights the economic effects, and Bohdan Kisil says the moral effect on Ukrainians is incalculable

The Hindu

GST levies on food items won’t burden poor, says Nirmala Sitharaman

Finance Minister says GST Council is a constitutional body where Modi doesn’t take decisions, but State Finance Ministers take them

The Conversation

How used clothes became part of Africa's creative economy -- and fashion sense

In recent years the global secondhand apparel market for clothing and shoes has grown exponentially. In 2002 used clothing exports were worth US$1.4 billion. Despite a slowdown during the COVID-19 pandemic exports were close to US$4 billion in 2020.

StockNews.com

3 Stocks Trading Near 52-Week Highs Right Now

Amid a seesawing economy and a highly volatile market backdrop, fundamentally sound stocks Occidental Petroleum Corp. (OXY), Molina Healthcare (MOH), and Greif (GEF) are currently trading near their 52-week highs. Given the solid fundamentals and momentum, these stocks could be ideal additions to one’s watchlist. Let’s discuss….

The Hindu

Preserving traditions can help build new India: Subramanian Swamy

Says Sanskrit can help realise the vision; tweaking policies can make India second largest economy after the U.S.

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