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The Latest Breaking News from Economy

New measures to ‘dynamise’ the economy in Queen’s Speech, says Government

The Prince of Wales will read the Queen’s Speech for the first time as the monarch misses the State Opening of Parliament.

The Independent UK

World Bank Urges Donors to Boost Financial Support for Palestinian Authority

The World Bank urged on Monday donors to boost support for the Palestinian Authority (PA), which it said was facing a destabilizing budget crisis linked partly to “record low” foreign aid contributions. In a report, published ahead of a donor conference in Brussels, the World Bank paints a contrasting view…

Asharq Al-Awsat

Tesco chairman calls for energy windfall tax; Markets rebound after ‘everything rout’ – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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World Bank Approves Emergency Loan to Fund Wheat for Lebanon

The World Bank (WB) approved a $150 million emergency loan for food security to support wheat imports to Lebanon and provide stability of bread prices during the coming nine months, a Lebanese minister announced on Monday. Economy and Trade Minister Amin Salam said in a press conference that he had…

Asharq Al-Awsat

Diverse businesses 'could add £75bn to UK economy'

Centre for Research in Ethnic Minority Entrepreneurship and NatWest say entrepreneurs need strong support

Birmingham Post

Ask the experts: what’s the future of Australia’s EV landscape?

Electric vehicles will become the norm in Australia, but when? Our panel of experts discusses what the future of driving looks like.

The Guardian - AU

S&P 500 plunges 3% in final hour of US trading: Markets wrap

Stocks sank in a widespread rout amid concern about the Federal Reserve’s ability to tame decades-high inflation without throwing the economy into a recession.

Tribune News Service

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Thamanat to talk Prayut with 'G16'

The secretary-general of the Setthakij Thai Party, Thamanat Prompow, has agreed to meet representatives of small political parties over dinner in about two weeks to discuss Prime Minister Prayut Chan-o-cha's alleged mishandling of the economy.

Bangkok Post

The Tech Industry's Epic Two-Year Run Sputters

The technology industry, which powered the U.S. economy during the pandemic and grew at tremendous scale during a decade of ultralow interest rates, is confronting one of the most punishing stretches in years.

Bangkok Post

Wall Street in free fall as investors sell everything

While the economy contracted last quarter, the jobs market remains as robust as it’s ever been.

Axios

The importance of emigrants

For India to increase remittances’ contribution to GDP, it doesn’t need more workers but skilling and better management

The Hindu

EXPLAINER: Recession fears grow. But how high is the risk?

Inflation is at a 40-year high

The Independent UK

25% of NYC children don’t know where their next meal will come from: City Harvest

NEW YORK — Child hunger rates in New York City remain much higher than before the COVID pandemic even though the economy is starting to bounce back, according to a new report from the anti-hunger City Harvest group.

Tribune News Service

World Bank grants Lebanon $150 million food security loan

Lebanon's economy minister says the World Bank has approved a $150 million soft loan for food security in crisis-hit Lebanon to stabilize bread prices during the coming months

The Independent UK

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The Independent UK

Rishi Sunak urged to announce emergency budget as living costs spiral

British Chambers of Commerce salls for VAT cut and reversal of National Insurance hike

Birmingham Post

North East business group calls for emergency budget to help hard-pressed firms

The North East Chamber of Commerce has backed calls from the British Chambers of Commerce for measures to limit price pressures and boost productivity

Axios

Which industries are leading the pandemic jobs recovery

Areas of the economy like professional services, or transportation and warehousing, have recovered any ground they lost — and then some

Roll Call

It’s probably still the economy, stupid - Roll Call

The burden is on Democrats to show that abortion rights can motivate their voters to the polls in the 2022 midterms.

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Wales Online

Emirates issues major announcement for passengers on flights between UK and Dubai

It has expanded premium economy option to include luxurious seats, more legroom, and a service “to rival business class" of other carriers

The Independent UK

Yoon faces tough challenges as new South Korean president

Former top prosecutor Yoon Suk Yeol becomes South Korea’s president on Tuesday and immediately faces a tough mix of foreign policy and domestic challenges

Caixin Global

Editorial: Rule of Law Is Fundamental to Regulating and Guiding Capital Development

The key to maintaining the healthy development of capital is to stabilize expectations. The key to stabilizing expectations is upholding the rule of law

Asharq Al-Awsat

Asian Stocks Stumble on Global Anxieties over Inflation

Asian stocks fell Monday as investors remained anxious over inflation and the ongoing impact of China's Covid lockdown policies, despite an initial Wall Street bounce thanks to a solid US jobs report. Global markets have taken a beating over a series of crises including surging inflation, rising interest rates, China's…

Reuters

Pandemic pushes Spanish workers out of the shadows

For decades, a cash-filled envelope - or "sobre" - was how hundreds of thousands of Spaniards working without legal contracts in tourism, agriculture or construction collected their salaries.

The Guardian - UK

Stocks, oil and bitcoin hit by recession worries – as it happened

Worries over global growth hit stocks and metals prices, and the pound falls again

Evening Standard

FTSE 100 Live: China figures fuel global growth worries, Bitcoin price slides, Rightmove sinks as CEO leaves

Stocks are back under pressure after figures from China’s economy highlighted the impact of ongoing zero-Covid lockdown policies.

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