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The Latest Breaking News from Economy

French economy grows by one-fifth of a percentage point in first quarter

France's economy grew 0.2 percent in the first quarter on the back of greater industrial production and increased foreign trade, the national statistics agency INSEE announced on Friday. Germany narrowly avoided recession, reporting flat GDP in the first three months of 2023.

Radio France Internationale

Peace has helped make Northern Ireland a global cyber security hub, conference hears

CYBERUK heard how the sector will add £437 million in value to NI economy by 2030

Birmingham Post

Stock market today: Asia shares gain as BOJ stands pat

Shares are mostly higher in Asia after Wall Street rallied to its best day since January and the Bank of Japan kept its ultra-lax monetary policy unchanged

The Independent UK

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Britain once rioted over the price of bread. What would it take for us to confront greedflation today?

We seem to wearily accept corporate profiteering as a fact of life. But an ever poorer public can be pushed only so far, says Guardian columnist Andy Beckett

The Guardian - UK

SCG wary 3 factors may curb the economy

SET-listed Siam Cement Group (SCG), Thailand's largest cement maker and industrial conglomerate, has raised fresh concerns about unpleasant impacts on the local economy caused by three risk factors: high energy costs, PM2.5 ultra-fine dust and drought.

Bangkok Post

Westpac forecasts RBA is done with rate hikes, ASX finishes higher, Coles' quarterly revenue climbs — as it happened

The ASX gains ground as Westpac forecasts the RBA will leave rates unchanged at its meeting next week. Look back on the day's events with our blog.

ABC News

The latest GDP numbers have economists fearing more than just a recession: ‘The U.S. might well be facing stagflation’

“This morning’s data was the worst of both worlds, with growth down and inflation up,” said Chris Zaccarelli, chief investment officer of Independent Advisor Alliance.

Fortune

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Coffee Prices Close Moderately Lower on Demand Concerns

July arabica coffee (KCN23 ) on Thursday closed down -3.40 (-1.77%), and July ICE robusta coffee (RMN23 ) closed down -8 (-0.33%). Coffee prices Thursday closed moderately lower. Concerns that a slowdown in the U.S. economy will curb coffee demand undercut prices after Thursday's economic news showed that the U.S....

Barchart

White House's Sullivan: US not looking to decouple from China economy

White House national security adviser Jake Sullivan said on Thursday the United States is not looking to decouple its economy from the Chinese economy, saying, "We're not cutting off trade."

Reuters

'After 13 years, Brits know they’re not better off. Here’s how we change that'

Writing for the Mirror, Shadow Chancellor Rachel Reeves vows that a Labour government would help workers by kickstarting Britain's economy after years of Tory failure

Daily Mirror

Coffee Prices Slip on Demand Concerns

July arabica coffee (KCN23 ) this morning is down -3.30 (-1.72%), and July ICE robusta coffee (RMN23 ) is down -10 (-0.41%). Coffee prices this morning are moderately lower. Concerns that a slowdown in the U.S. economy will curb coffee demand are weighing on prices after today's economic news showed...

Barchart

Reconstruction in Ukraine: Kyiv hopes to attract private investors

Russian forces continue to wage war across Ukraine, but Volodymyr Zelensky's government is already looking ahead to the task of rebuilding. The European Commission and World Bank predict that this could come with a price tag of some $400 billion. Oleksandr Gryban, Ukraine’s Deputy Economy Minister admits that attracting investors…

France 24

Building Back Bigger

The Biden administration has embarked on the most expansive government investment since the Great Society, with ambitious goals for economic and social equity.

Capital & Main

How will we know if the US economy is in a recession?

The government’s report Thursday that the economy grew at a 1.1% annual rate last quarter signaled that one of the most-anticipated recessions in recent U.S. history has yet to arrive

The Independent UK

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The Independent UK

Jobless claims fall again with labor market churning along

Applications for unemployment benefits in the U.S. fell last week as the labor market continues to show strength despite some weakness in other parts of the economy

The Guardian - UK

UK economy not ‘out of the woods’, says Barclays boss after bank’s record profit

Venkatakrishnan says bank remains cautious about months ahead despite first-quarter profit of £2.6bn

Barchart

Stock Index Futures Move Higher as Investors Await Key U.S. GDP Data, Meta Surges on Upbeat Earnings

June S&P 500 futures (ESM23) are up +0.46%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.79% this morning as market participants digested consensus-beating results from Meta Platforms while awaiting U.S. GDP reading to gauge the strength of the U.S. economy.

WEKU

The U.S. economy is losing steam. Bank woes and other hurdles are to blame.

The country's GDP growth is slowing as banks cut back on credit and the Federal Reserve tries to crack down on inflation.

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Pedestrian.tv

Here’s Why Everyone Is Jetting To Euro Summer Despite The Cooked Economy

Expedia flight data is showing that winter getaways are up 250% this year, indicating a massive travel boom in August.

The Independent UK

US economic growth likely slowed in January-March quarter

Despite surging interest rates, punishing inflation and global turbulence, the U.S. economy stood firm last year

Reuters

Jobless young Chinese seek solace in temples, tale of failed scholar

Queues stretch hundreds of metres around temples in China on weekends, as despondent young worshippers pray to find jobs in an economy slowly clawing its way back from the coronavirus pandemic.

The Guardian - UK

Britain’s poor record on health costs economy £43bn a year, says report

Thinktank urges ministers to make reducing long-term sickness health equivalent of drive for net zero

Bangkok Post

Exports value dips for sixth month in a row

Though Thai exports fell for a sixth consecutive month in March and the global economy remains sluggish, the Commerce Ministry remains confident shipments can meet the growth target of 1-2% this year.

Barchart

Crude Prices Sink as U.S. Banking Woes May Undercut the Economy

June WTI crude oil (CLM23 ) on Wednesday closed down -2.77 (-3.59%), and June RBOB gasoline (RBM23 ) closed down -4.58 (-1.79%). Crude oil and gasoline prices Wednesday sold off sharply, with crude falling to a 3-1/2 week low and gasoline tumbling to a 5-week low. Energy prices are under...

The Independent UK

Argentina: A desperate search for a door as currency tumbles

Antonela Massarelli desperately needed a front door for a new house she and her family will be moving into this weekend in a Buenos Aires suburb

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