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The Latest Breaking News from Economy

P Chidambaram: State of economy cause of 'extreme concern'

Senior Congress leader P Chidambaram on Saturday said taking into account global and domestic developments, it may be necessary to contemplate a reset of economic policies.

Dynamite News

Richard Irvin is not yet speaking loudly to the top GOP voter concern: the economy

The fact that Irvin is only attracting less than a quarter of the primary vote after Griffin’s campaign donation ought to be hugely concerning. But there’s still time to crack the ceiling.

Chicago Sun-Times

Is There Money In Freelance Trading?

By Z Halliwell Self-employment and the gig economy have seen a rise in popularity as alternative employment in recent years. In fact, there are currently 53 million freelancers in America right now - making up an incredible 34% of the overall workforce. Which begs the question: if freelancing is the future…

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Tax cut for California pot industry: Too little, too late?

Gov. Gavin Newsom is proposing a temporary tax cut for California's ailing marijuana industry, but businesses say it falls short of what's needed to revive the shaky pot economy

The Independent UK

Why Is the Pandemic Death Toll among Workers Still a Mystery?

COVID-19 didn’t spare workers in manufacturing, but two years on, information about their deaths remains hard to find

The Walrus

LETTERS: Trams, traffic, transformation: What's true?

Newcastle Herald readers have their say

Newcastle Herald

Yellen to meet Polish prime minister at start of trip to G7 finance meeting

U.S. Treasury Secretary Janet Yellen will meet with Polish Prime Minister Mateusz Morawiecki on Monday to discuss how Russia's invasion of Ukraine affects Poland's economy as part of a week-long trip that also will take her to Brussels and a G7 finance leaders meeting in Germany.

Reuters

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2 Warren Buffett Stocks to Buy in May

Due to various macroeconomic and geopolitical concerns, the stock market has remained volatile since the beginning of the year. Major indices have been pushed into correction territory, and the U.S. economy is on the edge of a recession. Amid the current environment, renowned investor Warren Buffett’s top portfolio holdings could…

StockNews.com

Hungary 'holding EU decision makers hostage' over Russia oil embargo: Lithuanian FM

Hungary's government is "holding European Union decision makers hostage" by refusing to join an EU-wide embargo on Russian oil, according to Lithuania's foreign minister. This comes as EU leaders continue their efforts to gather support for a sixth sanctions package on Russia from all 27 EU member states. The government…

France 24

Aluminum Inventories Reach A New Low, Prices Plunged

Aluminum available for withdrawal at London Metal Exchange warehouses fell to a record low. Still, the latest sign of supply shortages isn’t enough to break the pessimistic sentiment that is ruling metals markets as demand worsens, writes Bloomberg. On-warrant aluminum inventories fell 9.7% to 260,275 tons, breaking a record set in…

Benzinga

Royal Ploughing Ceremony foresees abundant water, food

The Royal Ploughing Ceremony was held on Friday morning at Sanam Luang, Bangkok, marking the traditional start of the rice-growing season. The ceremony, presided over by Their Majesties the King and Queen, predicted abundant water and a prosperous economy for 2022.

Bangkok Post

Households falling into poverty isn’t inevitable. Here’s how we can prevent it

With inflation set to reach 10% and wages falling short, ministers can’t ignore the crisis affecting ever more voters, says the IPPR’s Carys Roberts

The Guardian - UK

Quickening Malaysia growth supports central bank’s rate-hike move

Malaysia’s economy grew at a faster-than-expected pace in the first quarter of the year, vindicating the central bank’s hawkish pivot to fight inflationary pressures.

Bangkok Post

Poll: Economy likely grew modestly in Q1

Thailand's economy likely grew modestly in the first quarter, thanks to robust exports and an easing of Covid-19 restrictions and despite low tourist arrivals and high inflation dampening consumer spending, a poll found.

Bangkok Post

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The Independent UK

Sri Lankan power family falls from grace as economy tanks

With one brother president, another prime minister and three more family members cabinet ministers, it appeared that the Rajapaksa clan had consolidated its grip on power in Sri Lanka after decades in and out of government

France 24

They're back! Why is France so popular with tourists?

Recent visitors to France will no doubt have noticed the return of foreign tourists. Two years of Covid-19 took a heavy toll on what is otherwise a booming business and an important part of the French economy. Now things appear to be looking up again for the tourist industry. For…

The News Lens

China Faces Grim Economic Prospects, Experts Say

Analysts say the slowdown is attributable not only to China’s Covid policies but also to a crackdown on private enterprise, especially in the technology sector.

Bangkok Post

N Korea gets offers of aid, 'prefers US-made vaccines'

SEOUL: North Korea is facing its first confirmed Covid-19 outbreak with no known vaccine programme, sparking new calls for the government to accept aid that could save lives, help protect its battered economy and may lead to a diplomatic opening.

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The Guardian - UK

Elon Musk ‘still committed’ to Twitter deal after putting it on hold – as it happened

Rolling coverage of the latest economic and financial news

The Independent UK

New poll ties abortion with economy as most important issue of midterms

Republicans narrowly lead generic ballot as Supreme Court’s looming opinion reshapes election landscape

The Independent UK

Powell: 'Soft' economic landing may be out of Fed's control

Federal Reserve Chair Jerome Powell, fresh off winning Senate confirmation for a second four-year term, for the first time Thursday acknowledged that high inflation and economic weakness overseas could thwart his efforts to avoid a recession

Benzinga

Charles Hoskinson Shares Plan To Avoid Economic Collapse: How Crypto Could Help

One of the biggest names in the world of cryptocurrency shared thoughts on the current state of the global economy and inflation this week.

StockNews.com

2 Consumer Cyclical Stocks to Avoid After Slashing Outlooks

Since the Fed’s aggressive interest rate hikes to fight inflation might tip the economy into recession, cyclical stocks could witness a significant downtrend. Therefore, we think it could be wise to avoid shares of cyclical companies Lear Corporation (LEA) and 1-800-FLOWERS (FLWS), which have cut their full-year guidance. Read on.

The Conversation

With surgery waitlists in crisis and a workforce close to collapse, why haven’t we had more campaign promises about health?

This election campaign has been somewhat different to most past campaigns. Traditionally, the Coalition campaigns on the economy and defence, while the Labor Party tenders its credentials on health and education.

The Independent UK

Senate confirms Powell for second term as Fed fights inflation

The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell’s high-stakes efforts to curb the highest inflation in four decades

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