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The Latest Breaking News from Economy

Covid-19: China to scrap PCR test for travelers to country

BEIJING: China will no longer require travelers to the country to provide a negative PCR test result, scrapping a rule that’s been a major deterrent for visitation since the world’s second-largest economy emerged from Covid isolation in January.

The Times of India

Coronation Gives Tourism Boost, but UK Economy Still Reeling

Kelly Curto is taking her first trip outside the US, and the die-hard fan of the British royal family is making it the one at the top of her bucket list — heading to London for King Charles III's coronation. After arriving on May 5, the 44-year-old school bus driver…

Asharq Al-Awsat

Oil Prices Stable as Investors Ponder China Demand, Rate Hikes

Oil prices held steady on Tuesday as investors weighed strong holiday travel in China that could boost fuel demand against the prospect of rising interest rates elsewhere, slowing economic growth. Brent crude fell 3 cents to $82.70 a barrel at 0620 GMT, while US West Texas Intermediate crude also eased…

Asharq Al-Awsat

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Stock markets today: Asia mixed ahead of US earnings

Asian stocks are mixed after Wall Street edged higher as investors awaited U.S. earnings reports and an update on economic growth

The Independent UK

Coronation gives tourism boost, but UK economy still reeling

The coronation of King Charles III is luring royal fans fascinated by the pageantry, spectacle and drama of the monarchy and far-flung visitors eager to experience a piece of British history

The Independent UK

South Korea’s economy barely avoids recession amid rocky outlook

Asia’s fourth-largest economy grows 0.3 percent during first quarter amid improvements in exports and consumption.

Al Jazeera

Bank of Thailand puts stability above stimulus

Amid the ongoing recovery pace, the economy no longer requires any stimulus measures, but the country requires normalisation and the implementation of economic measures to support economic stability and potential growth for the longer term, says the governor of the Bank of Thailand.

Bangkok Post

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What to Look for in Bank Stocks After SVB

An expert analysis on what to look for in bank stocks after the collapse of SVB.

Kiplinger

Gig economy shifts as Uber takes on supermarket delivery, government pushes for minimum employment standards

Deals between Coles, Uber and a key transport union establishing minimum conditions — ahead of the threat of legislation — could mean better days for gig economy workers.

ABC News

America needs investment in clean energy, not a debt ceiling fight from Kevin McCarthy

Federal investment has a chance to transform our economy and help save the planet. House Speaker Kevin McCarthy wants to threaten a debt ceiling fight to slow us down on fighting climate change.

Chicago Sun-Times

These 3 Chinese Stocks Are Underperforming in April

While it could be a good idea to invest in the Chinese economy that is rebounding after the economy’s self-imposed isolation, the stocks of Air China Limited (AIRYY), The9 Limited (NCTY), and ZW Data Action Technologies (CNET) have underperformed the broader market lately. Continue reading….

StockNews.com

EVs Fail To Meet EPA Estimates More Often Than Gas Cars: SAE Paper

The SAE International paper found that the average range for an EV was 12.5% worse than the EPA estimate, while ICE vehicles averaged 4.0% better fuel economy.

InsideEVs

Scotland's thriving MTB scene receives a £19 million cash injection and the world's first Mountain Bike Innovation Center

The Scottish Borders will see a huge boost to the local economy and an exciting new Tweed Valley Bike Park

Bike Perfect

UN: By month's end, India population to be world's largest

India will be the world’s most populous country by the end of this month, the United Nations said on Monday, eclipsing an aging China and sparking questions about whether India can repeat the economic miracle that has taken China out of poverty and into the ranks of the world’s leading…

The Independent UK

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The Independent UK

China boosts German business optimism, but challenges ahead

A key measure of German business optimism rose in April for the seventh month in a row amid lower natural gas prices and the reopening of the Chinese economy after COVID-19 restrictions

StockNews.com

3 Insurance Stocks That Continue to Look Strong Despite a Catastrophic Economy

During economic uncertainty, the insurance sector could be worth looking at due to its relative stability compared to other sectors. The insurance industry could benefit as the Fed contemplates more interest rate hikes. Therefore, it could be wise to consider investing in fundamentally strong insurance stocks Allianz SE (ALIZY), Loews…

Asharq Al-Awsat

Sudan’s Treasury Risks Losing $2 Billion in Gold Revenues

Sudanese economists have warned that the prolongation of the war will afflict the Sudanese economy with huge losses and increase the average inflation rate, which has already reached 600 percent. Sudanese Economist Dr. Muhammad Al-Nayer estimated that the suspension of operations at the Khartoum airport to have disrupted 5 percent…

The Texas Tribune

Finding and keeping workers in post-pandemic economy is a struggle for West Texas, local leaders tell Fed

Local leaders told members of the Federal Reserve last week that families are facing financial stresses that make working hard. Educators say they need families more involved at school.

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Daily Mirror

Shake-up rules for buying military gear so British workers benefit, says union

Prospect called for an overhaul of government procurement processes so UK companies are better-placed to win bumper deals - benefiting UK employees and the overall economy

Evening Standard

Sunak seeks to unite business leaders amid CBI demise

Rishi Sunak today sought unite the business community around his plans to grow the economy in a bid to fill the void left by the abrupt collapse of the CBI.

The Independent UK

Watch: Sunak pledges to revive economy as he hosts business leaders conference

Watch as Rishi Sunak hosts a conference for business leaders on Monday 24 April.

Los Angeles Times

Commentary: China’s economy might not be headed toward either ascendancy or decline

Something about China encourages grandiose predictions. Just a few years ago, the U.S. Intelligence Community forecast China would emerge from the COVID-19 pandemic economically and politically stronger than the United States.

Bangkok Post

Growth forecast this year still 3.6%: Bank of Thailand

Thailand's economy is still seen growing at 3.6% this year, the central bank chief said on Monday, in spite of some turbulence in the first half of the year.

ABC News

Defence Strategic Review concludes WA's northern coast a 'primary area of military interest'

Australia's first major defence force review in a generation says the nation's geographical benefits are "radically reduced", with WA's north now a "primary area of military interest".

The Guardian - UK

Sunak criticised for ‘own goal’ over loss of tax-free shopping for tourists, as PM tries to woo business leaders – as it happened

Rishi Sunak hears concerns over tax-free shopping rules, AI and CBI allegations at first summit with UK corporate leaders

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