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The Latest Breaking News from Economy

Alan Kohler: Jim Chalmers needs an inquiry into tax

By far the best thing Jim Chalmers could do for his party and the country would be to find a way to escape the 23.9 per cent limit on tax to GDP.

The New Daily

EU Unity on Russian Sanctions ‘Starting to Crumble’, German Minister Says

German Economy Minister Robert Habeck on Sunday expressed fears that the European Union's unity was "starting to crumble" ahead of a summit to discuss an oil embargo against Russia and plans to cut dependence on Russian energy. EU leaders will meet on Monday and Tuesday to discuss a new sanctions…

Asharq Al-Awsat

EU unity on Russian sanctions 'starting to crumble', German minister says

Reuters

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How Partygate could do for Johnson as Black Wednesday did for Major

The Tory reputation for economic competence was shredded in 1992 but the present PM’s woes go deeper, politically and economically

The Guardian - UK

Investment Opportunities in Saudi Arabia, Egypt, UAE Shift Attention Away from Africa

Investment opportunities in the Arab markets have emerged, in light of the successive crises that have impacted the global economy, starting with the global financial crisis in 2008, the geopolitical changes in the Middle East, the coronavirus pandemic and the current war in Ukraine. Countries that have carried out broad…

Asharq Al-Awsat

Shanghai eases return to work, moves to support economy

Shanghai authorities will cancel many conditions for businesses to resume work from Wednesday, a city official said on Sunday, easing a city-wide lockdown that began some two months ago, and will also introduce policies to support its battered economy.

Reuters

Shanghai to cancel restrictions to resume work, introduce policies to support economy

SHANGHAI: Shanghai authorities will cancel many conditions for businesses to resume work from Wednesday, a city official said on Sunday, easing a city-wide lockdown that began some two months ago, and will also introduce policies to support its battered economy.

Bangkok Post

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Iraq Proposes Clean Energy Investments to BP, Total

Iraq’s Oil Minister Ihsan Abdul Jabbar held talks in London and Paris with the chief executive officers of the British Petroleum company and France’s Total and officials from the French ministries of economy and energy. He proposed new plans to invest in the oil, gas and clean energy sectors, a…

Asharq Al-Awsat

Anaemic growth expected for March quarter

Wednesday's national accounts are expected to show the economy grew by 0.5 per cent for the March quarter when COVID-19 disruptions and floods slowed momentum.

AAP

Tough budget challenges ahead: Gallagher

Finance Minister Katy Gallagher says there are serious challenges ahead for both the budget and the economy.

AAP

Abubakar wins primary race for Nigeria’s main opposition party

ABUJA, Nigeria — Nigeria’s main opposition Peoples Democratic Party has elected Atiku Abubakar as its presidential candidate for next year’s national election in Africa’s largest economy.

Tribune News Service

A step to the left or a lurch to the right: what next after the Liberals’ election horror show?

From doubling down on the culture wars to ‘flying with both wings’, there is no shortage of opinions on how the Liberals should shape their future

The Guardian - AU

Saudi Economist Appointed Visiting Scholar at Stanford University

The prestigious Stanford University has recently announced appointing a Saudi economist and investment expert as a visiting scholar. Stanford Center for Sustainable Development and Global Competitiveness (SDGC) and Stanford Long Term Investing (SLTI) said they are pleased to welcome Dr. Khalid Alsweilem, PhD, as a Visiting Scholar to Stanford. His…

Asharq Al-Awsat

China's first residential REITs to be launched

China's first public real estate investment trusts (REITs) based on residential properties will be launched soon, as regulators step up efforts to channel fresh capital into the struggling real estate sector and aid a virus-hit economy.

Reuters

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The Times of India

Gujarat to get services commissionerate

GANDHINAGAR: To boost the state's economy by strengthening the services sector, the Gujarat government has finalized plans to set up a new services sector commissionerate like the existing industries and MSME commissionerates.

Bangkok Post

Higher living costs slow local economy

Thailand's economic activity showed signs of slowing in the second quarter as a result of the higher cost of living, says World Bank Thailand.

Bangkok Post

Mapping the global economy in the second half

Entering the second half of the year, financial market risks are becoming more apparent. Investors believe the risk of recession is increasing, resulting in volatile financial markets. We believe there are five major risks associated with five economic areas, as follows:

The National (Scotland)

Scotland facing 'tough decisions' as finance gap highlights lack of powers

The Institute of Fiscal Studies (IFS) said that a "substantial" gap in the Scottish government's finances are likely

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Daily Mirror

New cheap flights to New York are launching from the UK with returns from £255

Cheap flights between New York and London are launching in summer 2022 with return flights from £255 in Economy - there are Premium options too

Liverpool Echo

Music and light festivals to revitalise Liverpool visitor economy

Budget of more than £1m set aside for two major events

Evening Standard

The Standard View: Rishi Sunak’s mini-budget shows the need for a stronger economy – and safety net

If the Spring Statement could be characterised as an under-reaction to the cost of living crisis, it would be hard to accuse the Chancellor of making the same mistake twice. Rishi Sunak’s £21 billion package, paid for in part by a windfall tax on oil and gas giants, will help millions…

The Conversation

Bank holidays: how a day off work affects the economy

The Queen’s platinum jubilee will be celebrated across the UK with parades, picnics and street parties. But perhaps the most popular event planned to mark her 70 years on the throne will be an extra day off work.

Reuters

China punishes local officials for falsifying economic data

China has punished a number of local officials with demotions or dismissal for falsifying economic data, the country's statistics bureau said on Friday, as part of an effort to curb data fraud as the economy falters.

Birmingham Post

Freedom and passion are the two main drivers for entrepreneurship

The UK-wide Startup of the Year Awards had an amazing 2,500 entries

France 24

War in Ukraine risks triggering global recession, World Bank warns

Skyrocketing energy and food prices driven by Russia's invasion of Ukraine risk sending the global economy into a recession, according to the president of the World Bank. We take a look at how economic growth has already slowed in Germany. Also, stock markets try to break out of bear market…

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