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The Latest Breaking News from Economy

PM seeks to capitalise on Queen’s Speech at Cabinet away day in Staffordshire

Ministers will discuss the economy, living standards and levelling up as well as upcoming major events including the Queen’s Platinum Jubilee.

The Independent UK

Airline passenger satisfaction declines in JD Power ranking

The frustrations of congested airport terminals and crowded planes are returning on top of the lingering effects of the COVID-19 pandemic.

Tribune News Service

It's a slow recovery ahead

Thailand's economy is showing signs of improvement this year with predicted slow yet sustainable growth if all involved pitch in to help, Finance Minister Arkhom Termpittayapaisith says.

Bangkok Post

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Ministry to place greater focus on global megatrends

The Commerce Ministry vows to beef up exports of products related to global megatrends, particularly in the bio-, circular and green (BCG) economy, soft power and carbon market to help rehabilitate the economy battered by Covid-19 and the Russia-Ukraine war.

Bangkok Post

Letters to the Editor — May 12, 2022

Troubled Sri Lanka

The Hindu

Markets turmoil and interest rate rises: the economic challenges facing Australia after the election

Soaring energy costs, stagflation fears and calls for higher wages are just some of the bumps in the road awaiting a new or returned government

The Guardian - AU

Northern Ireland's economy 'outperforming the UK's because of EU deal perks'

NORTHERN Ireland’s economy is outperforming the UK’s because of its special relationship with the EU – demonstrating how Scotland is “paying…

The National (Scotland)

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3 High-Yield Stocks Wall Street Predicts Will Rally 55% or More

The U.S. equity market has been in correction mode lately on concerns over the Fed’s hawkish stance in fighting decades-high inflation and geopolitical issues. Furthermore, many analysts expect the economy to slip into recession. Therefore, we think it could be wise to bet on high-dividend-yielding stocks Sibanye Stillwater (SBSW), ING…

StockNews.com

Are Medical Device Stocks Good Investments During a Recession?

The stock market has witnessed a massive sell-off lately on concerns over the Fed’s aggressive interest rate hikes to fight the decade-high inflation. Many analysts expect the economy to slip into recession due to the Fed’s monetary policy tightening. Since the medical device industry is known to be one of…

StockNews.com

Olin is Our Growth Stock of the Week

Olin (OLN) is one of the top stocks in the market due to its attractive valuation and strong growth prospects. Read on to find out why investors should consider adding it to their portfolios.

StockNews.com

Explained: How Sri Lanka fell into its worst economic crisis & what's next

NEW DELHI: Sri Lanka's unprecedented economic crisis has only deepened further in the past few months, stemming from mismanaged government finances and ill-timed tax cuts in addition to the impact of Covid pandemic.

The Times of India

Lebanese state violated human rights by mismanaging crisis, UN poverty envoy says

Lebanon's government and its central bank have committed human rights violations by impoverishing people through the "callous destruction" of the country's economy, an independent United Nations report said on Wednesday.

Reuters

Russia's Medvedev, Volodin lash out at U.S. aid to Ukraine

Former Russian president Dmitry Medvedev accused the United States on Wednesday of waging a “proxy war” against Russia after the House of Representatives approved a $40 billion aid package for Ukraine, and said the U.S. economy would suffer.

Reuters

Hungary says its backing of EU's Russia oil ban hinges on hundreds of millions of dollars

Hungary upped the stakes in talks about European Union oil sanctions on Wednesday, saying a deal was out of reach until Brussels offers a "solution" measured in hundreds of millions of dollars to replace Russian oil in the Hungarian economy.

Reuters

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Asharq Al-Awsat

Iran Says it Arrested 2 European Nationals

Iran's intelligence ministry said on Wednesday it had arrested two European nationals for their alleged role in "the organization of insecurity" in the country, Iran's semi-official Students News Agency ISNA reported. The pair were arrested for "for organizing chaos and social disorder aimed at destabilizing the country" in conjunction with…

Tribune News Service

Stuart Rothenberg: It’s probably still the economy, stupid

The possibility that the Supreme Court will overrule Roe v. Wade — or severely restrict the right to legal abortion — has Democrats hoping progressive and abortion-rights voters will be energized by the decision, thereby improving the party’s prospects for November.

Asharq Al-Awsat

Saudi Aviation, Travel Industry Financing to Exceed $37 Billion

Saudi Arabia’s Economy and Planning Minister Faisal al-Ibrahim has revealed that the Kingdom plans to boost its financing of travel, tourism, and aviation sectors.

The Guardian - UK

US inflation dips to 8.3% but stays close to 40-year high –as it happened

US food prices rise at fastest rate since 1981, as ECB’s Lagarde cements expectations for July rate hike, and German price rises hit record high

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Al Jazeera

‘Localised’ recessions? China’s economy teeters amid lockdowns

Economists warn of negative economic growth in certain sectors and regions if ‘zero COVID’ policy continues.

The Guardian - UK

Wednesday briefing: How Boris Johnson could have tackled the cost of living crisis

In today’s newsletter: after a Queen’s speech that ignored rising costs, Archie Bland asks economist Torsten Bell what should have been announced

The Independent UK

US inflation might have dipped last month from 40-year high

After a year of soaring prices for gas, food and other necessities, inflation may have eased slightly in April from a 40-year high, the first slowdown after seven consecutive months of worsening price increases

AAP

Calls to end low wage 'design feature'

Labour market experts are calling for wages to grow faster than four per cent a year to rebalance productivity, inflation and incomes but employers are fearful.

Al Jazeera

Yoon Suk-yeol faces tough challenges. Is he up to the job?

Yoon Suk-yeol faces range of ‘complex crises’, from N Korean nuclear tests and US-China rivalry to a slowing economy.

Reuters

UK to reform spy laws to tackle threats from cyber and state influence

Britain will overhaul its espionage laws in the face of threats to national security ranging from cyber-attacks to pernicious lobbying that could undermine its economy, the country's interior minister said on Wednesday.

Bangkok Post

Sentiment down 4 months in a row

Consumer sentiment plunged for the fourth straight month in April, hitting the lowest level in eight months, as consumers remained concerned about rising costs of living and high oil prices caused by the impact of Russia's invasion of Ukraine.

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