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The Latest Breaking News from Economy

Bank of England vows to get inflation back to 2%

Chief economist Huw Pill wants to make strategy plain to the public in hint of more interest rate rises

The Guardian - UK

Sue Smith makes England prediction as Women's Euros campaign starts against Austria

Women's Euro 2022 starts on Wednesday as Sarina Wiegman's England take on Group A rivals Austria in the tournament opener at Manchester United's Old Trafford

Daily Mirror

I help rich people tackle inequality. Here’s how the cost-of-living crisis could be fixed

Wealth inequality is destabilising our economy and threatening the fabric of our society, says Stephanie Brobbey of the Good Ancestor Movement

The Guardian - UK

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Sri Lanka's crisis rings alarm for other troubled economies

Sri Lanka is desperate for help to weather its worst crisis in recent memory, but it’s not the only economy that’s in serious trouble as prices of food, fuel and other staples soar, partly due to the war in Ukraine

The Independent UK

Argentina's economic change underlines president's weakening

The abrupt resignation of Argentina’s economy minister has engulfed the country in an all-too familiar anxiety that flows from its periodic financial crises in recent decades

The Independent UK

Keir Starmer: Vladimir Putin would back Scottish independence

LABOUR leader Sir Keir Starmer has agreed with his Scottish counterpart Anas Sarwar that Vladimir Putin would back independence.

The National (Scotland)

Consumer confidence in UK economy at lowest point since pandemic says Which?

‘Relentless cost-of-living crisis is putting huge pressure on household finances’

The Independent UK

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Consumer confidence in the economy hits lowest point since the pandemic – Which?

Just 8% of consumers think the UK economy will improve over the next 12 months while 78% think it will worsen, according to the Which? survey.

The Independent UK

Ecuador president appoints Pablo Arosemena as economy minister

Ecuadorian President Guillermo Lasso appointed Pablo Arosemena, governor of the Andean country's Guayas province, as the new minister of economy and finances on Tuesday, hours after accepting the resignations of three ministers, including former Economy Minister Simon Cueva.

Reuters

US Treasury Yield Curve Inverts Again As Dow Jones Index Plummets 130 Points

The U.S. Treasury Yield Curve inverted Tuesday, July 5, while the SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA: DIA) fell 129.44 points. It's another sign that the economy is heading into a recession more and more each day.

Benzinga

Utah’s Great Salt Lake hits new historic low amid drought in western US

Vast body of water sets second record low water level in less than a year putting birds and $1.3bn lake-based economy at risk

The Guardian - US

Operators awaiting B1.03bn stimulus

The tourism industry is awaiting a marketing stimulus budget of around 1.03 billion baht to help generate 265 billion baht in tourism receipts as a booster for the local economy this year.

Bangkok Post

Cannabis in the spotlight at BKK herb expo

The "National Herbs Expo" is back with a mission to help boost the economy, at Impact Exhibition Hall 11-12, Muang Thong Thani, from today until Sunday, from 10am to 8pm.

Bangkok Post

Michael Pascoe: Australian official briefed foreign power against RBA

While all eyes were on the Reserve Bank on Tuesday, an extraordinary story in the weekend press seems to have slipped by without notice.

The New Daily

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The Canberra Times

Economy braced for fresh wave of hurt amid calls for 'belt tightening'

Major flooding will drive up inflationary pressures for the economy.

StockNews.com

2 Buy-Rated Stocks to Pick Up on Dips

The stock market started the second half of the year with gains. Moreover, the U.S. economy might succeed in dodging a recession, while the Fed is expected to reduce rates later this year. Given this backdrop, we think the dip in Buy-rated stocks Coca-Cola (KO) and Procter & Gamble (PG)…

The Independent UK

‘Rishi Sunak quits: Who is running the crumbling economy right now?’

Treasury left rudderless as chancellor dramatically resigns and Boris Johnson’s government falls deeper into chaos

Tribune News Service

Long, moderate and painful: What next US recession may look like

Recessions, like unhappy families, are each painful in their own way.

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news in one place.

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Tribune News Service

These companies have laid off 2,200 workers in Texas so far this year

Recession fears are beginning to create ripples in the Texas economy, especially in the pandemic-era hot housing market fueled by historically low interest rates.

Axios

The space industry's bubble is at risk of bursting

The space economy is worth about $370 billion.

Reuters

Ecuador's President Lasso accepts resignation of three ministers

Ecuador's President Guillermo Lasso on Tuesday accepted the resignations of three government ministers, including Minister of Economy and Finances Simon Cueva and Health Minister Ximena Garzon, the government said in a statement.

Motor1

2022 Hyundai Elantra N Review: Angry, Angular, Awesome

The 2022 Hyundai Elantra N is a punchy sedan that produces 286 horsepower and comes with either a six-speed manual or a DCT gearbox.

The Independent UK

Outlook for economy has ‘deteriorated markedly’ due to soaring prices, Bank of England warns

Households and lenders can weather storm caused by energy price spike, says Bank

The Independent UK

Baggage allowance guide 2023: Luggage limits for British Airways, Ryanair, easyJet and more

Wondering how much you can cram into your hand luggage on your next trip? Here’s what the major airlines flying out of the UK allows

France 24

Sixty years after Algeria’s independence, will surging prices bolster its dependence on oil?

The oil and gas sector has long been the backbone of Algeria’s economy, bankrolling the country’s regime while leaving it vulnerable to volatile markets. Despite the authorities’ stated aim to diversify the economy, analysts fear surging hydrocarbon prices will act as an impediment to reform.

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