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The Latest Breaking News from Economy

Global body warns Australia on interest rates, NDIS

Services inflation, the Chinese economy and household consumption are sources of uncertainty hanging over the OECD's economic growth forecasts for Australia.

AAP

OECD Upgrades Global Growth Outlook With U.S. Outperformance

OECD upgrades global growth forecast due to strong US performance, projecting 3.4% growth in 2021 and 4.0% in 2022. Risks remain despite positive outlook.

Top News

UK will be worst performer in G7 next year, OECD forecasts

UK constrained by high interest rates, price rises and staff shortages but thinktank offers optimistic outlook for global economy

The Guardian - UK

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US Manufacturing Sector Sees Decline In April

The setback in the US manufacturing sector in April raises concerns about production decline and rising prices, impacting the economy.

Top News

FOMC Maintains Rates, Plans To Reduce Balance Sheet

FOMC maintains interest rates, slows balance sheet reduction to support economy and financial stability.

Top News

Japan Signals 160 Yen Line In FX Intervention

Japan's intervention at 160 yen line aims to stabilize currency market and economy, with global implications.

Top News

Fed Holds Rates Steady at 23-Year High: What the Experts Are Saying

The Federal Reserve struck a dovish pose even as it kept interest rates unchanged for a sixth straight meeting.

Kiplinger

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The wrong way to fight inequality

Allowing more competition in the economy would naturally reduce the wealth share of the top 1% and also benefit the wider economy

The Hindu

3 Top China Picks for May With Strong Buy Signals

Despite the real estate industry crisis and other headwinds, the Chinese economy beats expectations to grow 5.3% in the first quarter, positioning it for future growth. Thus, top China stocks HUTCHMED (HCM), Autohome (ATHM), and Youdao (DAO) could be strong buys in May. Keep reading….

StockNews.com

In Kazakhstan, a ‘storm’ over domestic violence after minister killed wife

The livestreamed murder trial of the ex-economy chief has kickstarted a much-needed national conversation.

Al Jazeera

Saudi Arabia's Q1 GDP Contracts 1.8% Due To Oil Sector

Saudi Arabia's economy contracted in Q1 due to oil sector challenges and COVID-19 impact. Vision 2030 aims to diversify for resilience.

Top News

Microsoft to invest $1.7 bbn in AI, cloud infrastructure in Indonesia

Microsoft CEO Satya Nadella says investment will help Southeast Asia’s biggest economy thrive in ‘new era’.

Al Jazeera

T20 World Cup: What India's selected 15 bring to the table

The BCCI selectors have mostly gone on expected lines to pick India’s squad for the upcoming T20 World Cup. TOI gives you the lowdown on what the ‘selected 15’ bring to the table.

The Times of India

Latinos con Biden will place heavier focus on economy and healthcare over immigration, initiative chair says

One of Biden's primary initiatives to reach the demographic will place its focus on the economy and healthcare, Rep. Veronica Escobar told La Opinión

Latin Times

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The Guardian - UK

Eurozone exits recession as ‘big four’ economies beat forecasts

France, Spain, Germany and Italy helped by lower inflation and prospect of interest rate cuts

The Guardian - AU

Why has the yen fallen to a decade’s low and what does it mean for Japan’s economy?

The accelerating slide in the value of Japan’s currency could ultimately be bad news for people in Japan who are heavily reliant on imports

Al Jazeera

IMF promises Pakistan ‘immediate’ release of $1.1bn loan after key meet

Pakistan seeks another long-term IMF programme to support its ailing economy but experts say focus must be on reforms.

The Hindu

Towards a green growth: On the RBI and a green taxonomy

The effort should be to mitigate the transitional risks to the financial system as the economy moves towards a sustainable future

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The Guardian - UK

The Guardian view on rethinking economics: a discipline in disarray holds too much sway in the UK

Editorial: Gordon Brown challenged Conservative ideas to fix the economy. His successors unfortunately will not

Top News

Trump Leads Biden In New Poll, Economy Key Issue

SSRS poll shows Trump leading over Biden with public dissatisfaction towards Biden's presidency.

The Hindu

Janata Khana | Indian Railways’ affordable meal scheme now available on platforms of seven Karnataka stations

Indian Railways introduces Janata Khana affordable economy meals on station platforms to cater to the needs of common travelers.

Top News

Hong Kong Economy Forecasted To Grow 2.5%-3.5% In Q1

Hong Kong's economy poised for growth with 2.5% to 3.5% GDP increase in Q1, reflecting resilience and stability.

Reason

In the AI Economy, There Will Be Zero Percent Unemployment

AI developer Andrew Mayne explains why technology could create more jobs and lead to unprecedented economic growth.

The Guardian - UK

How can Labour fix Britain’s ‘economic failure’ without rejoining the EU?

Starmer wants to make Tory policy on the economy a central theme of its election campaign … without mentioning Brexit

Radio France Internationale

Why climate change is heating Europe faster than the rest of the world

Climate change is causing Europe to heat up more quickly than any other continent – and twice as fast as the global average – with recent studies warning of mounting threats to food, water and energy security, human health, the economy and nature. What makes the continent more vulnerable than…

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