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The Latest Breaking News from Economy

World economy has 'buffer' against recession says IMF's Gopinath

While the world economy faces headwinds, current growth forecasts offer a buffer against a potential global recession, the International Monetary Fund's No. 2 official said Monday.

Reuters

KTU budget reflects State’s knowledge economy dreams

Document presented today provides thrust on translational research and innovative startups

The Hindu

Tunisian union calls national strike, rejects president's dialogue

Tunisia's powerful labour union said on Monday it would hold a national strike over wages and the economy after refusing to take part in a limited dialogue proposed by the president as he rewrites the constitution.

Reuters

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Economic outlook has 'darkened', business and government leaders warn in Davos

Multiple threats to the global economy topped the worries of the world's well-heeled at the annual Davos think-fest on Monday, with some flagging the risk of a worldwide recession.

Reuters

Zelenskyy issues Davos demand to shun Russia, invest in Ukraine

Ukrainian President Volodymyr Zelenskyy said Russia’s economy should be shut off from the world and invited global investors to shift resources into Ukraine to help rebuild the country from the devastation wrought by Vladimir Putin’s war.

Tribune News Service

President Zelensky tells global business leaders at Davos: ‘Do not deal with Russia anymore’

The Ukrainian president called for maximum sanctions against Russia, including an oil embargo to cripple the economy

Evening Standard

Editorial: To Stabilize Employment, Trust the Market

Reforms must be implemented to tackle the challenges ahead, and provide desirable jobs for the majority of the population

Caixin Global

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How has Nigeria’s digital currency fared since its launch?

Adoption rates of the eNaira, Africa’s first official digital currency, have been low since its introduction in October.

Al Jazeera

How to become an influencer - by a gig economy expert

It could be a side hustle or even your next career move

Wales Online

Economists are marking down growth forecasts — and that's good news

Slower growth is needed to help cool inflation.

Axios

Biden outlines economic framework for US, Asian nations - Roll Call

President Biden, on a trip to Tokyo, lays out an economic framework for the US and 12 other countries to counter China's influence.

Roll Call

Davos 2022: War in Ukraine tops agenda as World Economic Forum returns

The World Economic Forum has opened in Davos, Switzerland for its first in-person meeting in more than two years. Political and business leaders are gathering to discuss the most pressing challenges for the global economy in a world that has drastically changed since the last time the event took place…

France 24

Travel and tourism sector needs to fill 70,000 new roles annually for next 10 years

Tourism revival hopes are high but in the short term, international visitor spend is so low it is hampering the country’s economic recovery

Wales Online

Biden pitches Democrats as saviors for US economy ahead of midterm elections

Amid unyielding criticism from Republicans, Biden warns as bleak as it seems now, Republican control of Congress would be worse

The Guardian - US

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Reuters

Hungary must work with EU on Russian oil embargo - German economy minister

German Economy Minister Robert Habeck has warned Hungary against blocking efforts to impose an European Union-wide embargo on Russian oil imports in response to the war in Ukraine.

The Hindu

Digital economy is space for future opportunity between India, U.S.: USIBC

‘Digital economy trade is the goose that lays the golden eggs,’ says Atul Keshap

Bangkok Post

Waiting for China

Since China began to open up and reform its economy in 1978, growth has averaged almost 10% a year, and more than 800 million people have been lifted out of poverty. There have also been significant improvements in access to health, education and other services, with the mainland now an…

360info

Special Report: New geopolitics

360info is exploring the new alliances being forged in the wake of the war in Ukraine, and the impact they are having on the international world order.

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360info

Ukraine a cautionary tale for a China eyeing Taiwan

China has long wondered how the world might react to a conflict in Taiwan. The invasion of Ukraine has given them good insight.

The Times of India

Maharashtra joins World Economic Forum in fight against plastic pollution

DAVOS: Maharashtra, India's largest state in terms of GDP, on Sunday joined the World Economic Forum's Global Plastic Action Partnership to advance regional efforts to fight plastic pollution. With the new partnership announced here during the WEF Annual Meeting 2022, Maharashtra has joined a growing list of global economies that…

The Guardian - AU

Market response to Australia’s new Labor government will be ‘muted’, economists say

Analysts say election of Albanese government will not ‘shift the dial’ on economic forecasts

Bangkok Post

Have we hit the limits to growth?

Fifty years ago this spring, one of the most influential books of the twentieth century was published. Written for the Club of Rome by Donella Meadows and colleagues at MIT, The Limits to Growth used new computer models to forecast an uncontrollable collapse in the global population and economy if…

The Conversation

A new dawn over stormy seas: how Labor should manage the economy

Labor has inherited an economy with a pretty full “head of steam”.

Tribune News Service

Biden adviser says US economy can withstand Fed inflation fight

White House economic adviser Brian Deese stopped short of ruling out a U.S. recession as the Federal Reserve combats inflation, saying the central bank needs space to do its job.

The Independent UK

Consumers defy inflation to support economy. For how long?

With prices across the economy soaring at their fastest pace in decades, you might think Americans would tap the brakes on spending

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