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The Latest Breaking News from Economy

Brexit is a flop, and the voters know it. So why can’t Labour call for a closer bond with Europe?

The result of the referendum cannot be ignored, but a bespoke deal with the EU has to be pursued if we are to avoid a shrinking economy

The Guardian - UK

Chinese factory activity sinks, weighing on weak economy

An official survey shows Chinese manufacturing’s recovery from anti-virus shutdowns faltered in July as activity sank

The Independent UK

Traders share problems with mayor Sanyukta Bhatia, minister of state Dayashankar Dayalu

LUCKNOW: To discuss the road map for boosting the economy of the state, the association of traders held a conclave on Saturday. Raising their demands before the UP government, the office-bearers of the association discussed the hurdles they face in daily operations with minister of state Dayashankar Dayalu and mayor…

The Times of India

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If recession hits the UK, a base rate rise is the last thing we need

This week’s decision on interest rates will be fraught, but many think Britain is heading the same way as the US

The Guardian - UK

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

How The Stock Market Affects Real Estate Investments

When someone is investing their money or planning to invest it for at least some time, they usually look at the options of buying real estate or stocks. Some might choose to concentrate on either the housing market or on buying stocks while others choose to diversify their investment and…

Benzinga

Havana plans blackouts as Cuban economy reels

HAVANA: The Cuban capital Havana will begin electricity blackouts in August, has cancelled its annual carnival and is taking other measures as the country’s energy crisis worsens, state media reported on Saturday.

Bangkok Post

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Rishi Sunak says Truss’s tax-cutting plans will create ‘sugar rush boom’

Rishi Sunak said rival Liz Truss’s plans for vast tax cuts would “put fuel on the fire” of the inflation problem and create a “sugar rush boom”.Veteran political journalist Andrew Neil challenged the Tory leadership hopeful over his plans to tighten fiscal policy in a time when “the global economy…

Evening Standard

World Bank refuses new funding for Sri Lanka

COLOMBO: The World Bank has told Sri Lanka it will not offer new funding unless the bankrupt country carries out “deep structural reforms” to stabilise its crashing economy.

Bangkok Post

Political Pulse / Would legalized gambling pollute the clean image of Japanese sports?

A draft proposal by the Economy, Trade and Industry Ministry (METI) to lift the ban on sports betting has caused a stir in Japan. While there are those who accept the idea that it will help revitalize the sports industry, others argue that such a move should not be rushed…

The Japan News/Yomiuri

How strong is the US economy? Depends on which party you ask

Analysis: In spite of high employment and robust hiring, many Americans are pessimistic about the economy

The Guardian - US

Karnal bunt and khapra beetle: seven threats to Australian biosecurity

Along with foot-and-mouth disease, there are other pests and diseases that could damage our economy and rural communities

The Guardian - AU

Analysis-Same dire problems, new chief: Can Argentina solve economy riddle?

Argentina's incoming economy chief, the crisis-racked country's third in a less than a month, may be its last best chance to right a sinking ship, or at least avoid further deterioration ahead of a high-stakes election next year.

Reuters

What is a recession? Wikipedia can't decide

An editing battle over its "recession" entry prompted Wikipedia to put a temporarily lock on revisions to prevent new users from repeatedly changing the definitions of recession.

WEKU

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Bangkok Post

Sea celebrates a decade of growth

Thailand's digital economy has been scaling up over the past decade thanks to the power of various internet firms and one of the key players is Sea (Thailand), the local unit of the Nasdaq-listed firm Sea, which is behind e-commerce powerhouse Shopee.

Bangkok Post

Healthy earnings, less aggressive Fed lift shares

Recap: European and US stocks advanced yesterday amid positive corporate earnings reports and the prospect of less aggressive rate hikes from the US Federal Reserve. Hong Kong and Chinese markets pulled back as tech stocks corrected and the Chinese government signalled limited new stimulus ahead.

The Independent UK

Argentina: Markets cheer new minister, but for how long?

Financial markets are celebrating the arrival of Sergio Massa as Argentina’s third economy minister in less than a month, but analysts caution that more details are needed about his plans to get the South American country out of itsdire economic straits

Al Jazeera

Top economic takeaways as US wrangles with recession fears

Back-to-back GDP slowdown, Fed raises rates, higher prices and other economic highlights from a busy week.

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The Independent UK

Kemp assails national economy while touting Georgia record

Georgia Gov. Brian Kemp is taking aim at what he calls the “Biden recession” and spreading blame to Democrat Stacey Abrams while at the same time arguing his own state's economy is good

The Independent UK

Mexico's economy grows by 1% in 2nd quarter

Mexico’s economy grew by 1% in the second quarter

The Hindu

Tharoor urges Centre to restore crew changes at Vizhinjam

Seaport stimulates local economy through additional jobs, says a representation of chamber of commerce

Los Angeles Times

Why is it so hard to say if this is a recession?

Economists were on high alert Thursday morning awaiting data from the U.S. Commerce Department that might shed light on whether the country is in a recession — a question with vast implications for consumers, employers and electoral politics.

Miami Herald

The Week Ahead: Listening for what people, not companies, say about jobs

Would you believe the U.S. economy lost 315,000 jobs in June? And that it gained 372,000 jobs the same month?

The Independent UK

New York City Mayor Eric Adams contradicts Biden’s optimism about economy: ‘We are in a recession’

President Joe Biden denied the US was in a recession on Thursday after the economy shrank for a second quarter in a row

Birmingham Post

Invest NI appoints seven new board members as CEO hunt continues

The new board members will be paid £12,768 a year

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