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The Latest Breaking News from Economy

Economic conditions in debt-stricken Sri Lanka improving, IMF says

IMF says inflation has dropped from 70 percent, economy expanded in the second half of 2023.

Al Jazeera

Asian Markets Struggle As US Data Dents Fed Rate Cut Optimism

Asian markets mostly fell Friday after data pointing to a still-strong US economy raised fresh concerns about inflation and dampened optimism that the Federal Reserve will slash interest rates as much as it expected this year.

International Business Times

Malaysia welcomes Chinese tourists back in droves after pandemic slump

Kuala Lumpur targets record 5 million Chinese visitors in 2024 as it hopes to accelerate post-pandemic recovery.

Al Jazeera

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One in 20 Australian mortgage holders are spending more than they earn

Reserve Bank says households are generally weathering the record run of interest rate rises but 5% of owner-occupiers are in a dire financial position

The Guardian - AU

Mexico Cuts Interest Rate For First Time In Three Years

Mexico's central bank on Thursday reduced its benchmark interest rate for the first time in three years following a slowing of inflation in Latin America's second-largest economy.

International Business Times

Stock Indexes Rally to Record Highs on a Resilient US Economy

The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.32%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.68%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.44%. Stocks on Thursday extended Wednesday’s rally, with the S&P 500, Dow Jones Industrials, and...

Barchart

Norway Maintains Interest Rate, Considers Cut In September

Norway's central bank keeps key interest rate unchanged at 0.50% due to global uncertainties, potential rate cut in September.

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Germany Faces Recession As Recovery Delayed: Bundesbank Report

Germany faces recession risk as Bundesbank warns of delayed economic recovery and external challenges impacting export-driven economy.

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Bank Of England: UK Inflation Trend Positive For Rate Cuts

Bank of England's positive inflation outlook hints at potential interest rate cuts for UK economy.

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US Treasury Yield Curve Inversion Sets Record

US Treasury yield curve inversion, the longest on record, sparks concerns of an economic downturn and recession. Investors and analysts closely monitor its...

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German Economy Shows Slight Improvement In March

Germany's PMI data for March shows signs of improvement in economic downturn, offering hope for potential recovery amidst ongoing challenges.

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China's president to visit France in attempt to repair trust with EU

Chinese President Xi Jinping will visit France and Italy in May in a bid to improve faltering relations with the European Union, which are impacting EU trade with the world's second-largest economy. Analysts say European companies in China are facing more uncertain business conditions, forcing them to devote more resources…

Radio France Internationale

Ram's New Inline-Six Is Barely More Efficient Than the Old Hemi V-8

Its combined rating of 19 miles per gallon is identical to the V-8, but fuel economy overall is slightly better.

Motor1

Payments glitches like at Greggs could cost more than a few steak bakes

City Comment: Our payments infrastructure is vital to the economy

Evening Standard

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New Zealand Enters Second Recession In 18 Months

New Zealand's economy contracts by 0.1% in Q4 2023, entering second recession in 18 months.

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IMF And Sri Lanka Reach Agreement On Bailout Review

Sri Lanka secures IMF agreement for economic reforms to stabilize amidst challenges.

Reason

Opposition to U.S. Steel Sale Shows How Similar Biden and Trump Are on Trade

Economic nationalists are claiming the deal endangers "national security" to convince Americans that a good deal for investors, employees, and the U.S. economy will somehow make America less secure. That's nonsense.

The Times of India

Young Chinese ease their angst over economy by playing lottery

Lottery shops in China are ditching bland storefronts to reinvent themselves as hipster hangouts, with slogans that tempt youngsters hit by an economic slowdown with the lure of getting rich quick.

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The Guardian - AU

Australia’s unemployment rate unexpectedly drops from 4.1% to 3.7% in February despite slowing economy

Latest ABS figures show the labour market added 116,000 jobs defying signs of weakness since September

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Argentina Economy Contracts In Q4 Amid Darkening Outlook

Argentina's GDP contraction in Q4 signals ongoing economic challenges and the need for policy reforms to revive growth.

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Fed Chair Powell Announces Balance Sheet Drawdown Taper Imminent

Federal Reserve plans to taper balance sheet drawdown as economy recovers. Powell's announcement signals confidence in economic outlook.

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Federal Reserve Maintains Key Rate, Anticipates 3 Rate Cuts

Federal Reserve maintains key interest rate, plans for future cuts to support economy.

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Czech Republic Central Bank Cuts Interest Rate Amid Falling Inflation

Czech Republic's central bank cuts interest rates to boost economy amidst falling inflation rates. Global central banks monitor inflation trends for potent...

The Guardian - AU

Now is not the time to do anything more to slow the economy – it’s already in danger of stalling

The Sahm rule lets us get in front of recessions – so alerts should be flashing in the Treasury and RBA

Creative Bloq

Groundbreaking study reveals how AI is transforming the creator economy

"Almost every marketer has already commissioned AI content."

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