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The Latest Breaking News from Economy

Oil Prices Slide on Uncertainty over Global Economic Outlook, Rate Hikes

Oil prices fell on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of tighter supplies on OPEC+ supply cuts. Brent crude slipped 75 cents, or 0.92%, to $80.91 a barrel by 0409 GMT, while US West Texas…

Asharq Al-Awsat

PM to kick off business conference aimed at boosting UK’s economic growth

Rishi Sunak said the Business Connect event would bring the UK’s biggest companies and investors together for ‘meaningful dialogue’.

The Independent UK

UK to be hit with fastest and harshest price rises in the G7

Forecasts show that prices for everyday goods are set to rise 40 per cent faster in the UK than any other major advanced economy

The Independent UK

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John Ellis Jones obituary

Other lives: Classical scholar and archaeologist whose studies revolutionised understanding of the rural economy of Greece

The Guardian - UK

US presidential hopefuls rally against a digital dollar ahead of 2024 elections

The conversation around the role of central banks in the economy has taken on a new dimension among U.S. presidential hopefuls like Ron DeSantis and Vivek Ramaswamy. These politicians want to make it clear they would not support any proposals for a central bank-backed digital U.S. dollar as they make…

Tribune News Service

Fort Lauderdale floods highlight climate risks to South Florida’s airports, seaports

MIAMI — Seaports and airports are the lifeblood of South Florida’s tourism-based economy. But as the relentless rains that swamped Fort Lauderdale last week illustrated, those critical transit and supply chain hubs are vulnerable to debilitating flooding.

Miami Herald

Trump wants to end DeSantis’s 2024 campaign before It even begins

WASHINGTON — Former President Donald Trump is girding to take a swing at Florida Gov. Ron DeSantis on one of the things his chief rival is proudest of: his handling of his state’s economy.

Tribune News Service

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Asian equities retreat on US slowdown worries

RECAP: Asian and European markets fell yesterday on lingering recession worries as data indicated the US economy was slowing down. Thailand has low recession risk but the SET has slid amid negative global sentiment and falling oil prices.

Bangkok Post

Michael Pascoe: The fallacy at the heart of the Reserve Bank of Australia review

Instead of tackling the fallacy and lie, the review came up with this: 'There should be increased joint work between Treasury and the RBA'.

The New Daily

3 Overvalued Stocks to Sell in April

The recent collapse of Silicon Valley Bank, which has resulted in a credit crunch, and the rise in new claims for unemployment benefits have created a gloomy outlook for the economy. In light of investors' increased aversion to risk, it might be wise to avoid KKR & Co. (KKR), Hess…

StockNews.com

McCarthy is coming up short in support for House debt-limit bill

WASHINGTON — House Speaker Kevin McCarthy is coming up short in support for his first big legislative effort, a bill tying a debt ceiling increase to spending cuts, risking serious damage to both his stature and the U.S. economy.

Tribune News Service

The global economy's slow-motion reset

We are now in the early stages of a slow-moving process of markets, companies and governments adapting and readjusting to that reality.

Axios

Last Eurovision tickets to go on sale next week

When tickets were released earlier for the grand final they sold out in just over half an hour.

The Independent UK

Better quality jobs are what the UK economy needs to end strikes, staff shortages and low productivity

Productivity in the UK over the last 15 years has been described as growing at a “snail’s pace”. Meanwhile, wages lag way behind inflation, and numerous sectors are suffering from staff shortages.

The Conversation

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The Independent UK

Argentina's President Fernández won't seek reelection

Argentina’s President Alberto Fernández announced Friday he won’t seek reelection for a second term this year, a decision that follows months of infighting among the ruling coalition as it grapples with a fragile economy and galloping inflation

Radio France Internationale

France's economy minister extends electricity subsidies to 2025

The French government will continue subsidising electricity bills into 2025 as prices suffer from Russia's invasion of Ukraine and part of the country's nuclear reactor fleet remaining offline, the finance minister said Friday.

Nottingham Post

Put your maths knowledge to the test as Rishi Sunak claims UK's 'anti-maths mindset' is costing the economy

Prime Minister Rishi Sunak has announced a review

The Guardian - UK

Britons splash out on holidays in boost for UK economy

Report shows fastest rebound in private sector output in a year, with interest rate rise likely next month

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news in one place.

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Wales Online

Huge WWE 'Clash at the Castle' brought £21m to Welsh economy

The Welsh Government have not revealed how much financial support they put into the event

The News Lens

Taiwan’s Housing Crisis (Part 2): Taiwan's Housing Prices Have Grown Faster than Most Advanced Countries, But Its Economy Has Not

Since 1985, Taiwan’s real estate profits have grown by nearly 40 times, but the minimum wage has not even grown by four times. If the minimum wage had grown as quickly as real estate profits, it would have been close to NT$230,000 a month today.

Reuters

Russia watching for new Western sanctions, says they would hit world economy

The Kremlin said on Friday it was monitoring reports of a possible ban on exports to Russia by Western countries, and that new sanctions would damage the global economy.

Fortune

The destruction of nature threatens the world economy. It’s time to outlaw it as a serious financial crime

Last year, the human right to a clean, healthy, and sustainable environment was formally recognized by the UN–and more legislation is coming.

Axios

America's "backache" economy: Things could be lots worse

The long-awaited slowdown is here — but isn't as bad as expected.

Bristol Post

Voi says Bristol has hit major milestone and e-scooters are having 'positive impact'

Bristol's mayor says e-scooters are a 'popular and important sustainable form of transport'

Miami Herald

The Week Ahead: The hot winter and much cooler spring

The new year got going with a bang. Instead of the economic gloom many had forecast, American companies kept hiring and American consumers kept spending. Investors will see evidence of that strength when the first-look first quarter gross domestic product report is released on Thursday in the week ahead.

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