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The Latest Breaking News from Economy

Northern Ireland economy to contract this year before returning to growth in 2024 - Danske Bank

The bank has pared its expectation for contraction to 0.3% this year from 1% previously

Birmingham Post

Stock market today: Asian shares follow Wall Street lower

Shares are weaker in Asia after benchmarks dipped on Wall Street following mixed earnings reports from big companies and more signals the U.S. economy may be slowing

The Independent UK

Strikes cripple German rail network, four airports

Rail workers went on strike across Germany on Friday, mostly bringing national operator Deutsche Bahn's services to a halt in the morning hours, as protests over pay in Europe's largest economy widened.

Reuters

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Thailand urged to join India's boom

It is time Thailand and India expand their economic cooperation and bilateral relations, especially as the South Asian giant is at the forefront of the global economy, said Nagesh Singh, India's ambassador to Thailand.

Bangkok Post

Democrats pitch 4 projects for South

The Democrat Party will push for the development of four mega-projects to boost the economy in the southern region if it forms the next government.

Bangkok Post

Biden aims to unveil China investment curbs with G-7 backing

WASHINGTON — President Joe Biden aims to sign an executive order in the coming weeks that will limit investment in key parts of China’s economy by American businesses, people familiar with the internal deliberations said.

Tribune News Service

Coffee Prices Tumble as a Slowing Economy May Curb Demand

May arabica coffee (KCK23 ) on Thursday closed down -6.65 (-3.28%), and May ICE robusta coffee (RMK23 ) closed down -26 (-1.05%). Coffee prices Thursday moved sharply lower on concern that worsening economic sentiment may hurt coffee demand. The Fed Beige Book Wednesday afternoon said the U.S. economy "stalled," and...

Barchart

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Does everyone welcome the Reserve Bank overhaul?

Economists have welcomed many of the proposed changes to the Reserve Bank of Australia, but some have raised concerns.

ABC News

3 Stocks to Sell Now With Weak Technicals and Negative Sentiments

Given the growing concerns of a sluggish economy and a potential slowdown, investors should steer clear of fundamentally weak stocks Farfetch Limited (FTCH), Jumia Technologies (JMIA), and Grom Social Enterprises (GROM), given their weak technicals and negative sentiments. Read on….

StockNews.com

Coffee Prices Fall as a Slowing Economy May Curb Demand

May arabica coffee (KCK23 ) this morning is down -7.10 (-3.51%), and May ICE robusta coffee (RMK23 ) is down -33 (-1.34%). Coffee prices this morning are sharply lower on concern that worsening economic sentiment may hurt coffee demand. The Fed Beige Book Wednesday afternoon said the U.S. economy "stalled,"...

Barchart

Senate asks supreme court chief justice to testify on ethics amid Clarence Thomas revelations – as it happened

Thomas under scrutiny after accepting luxury gifts from Republican megadonor

The Guardian - US

Reserve Bank revolution: Jim Chalmers reshapes the RBA for the 21st century

The scale of the RBA changes recommended by the review is large – there is an entire section devoted to a year-long implementation process.

The New Daily

IBM CEO: ‘Today’s workforce should prepare to work hand in hand with A.I.'

People working together with A.I. will have a transformative effect on our economy and society, writes IBM CEO Arvind Krishna.

Fortune

Dunelm investing in success despite challenging economy

CEO says customers continue to appreciate 'quality and value across the Dunelm range'

Birmingham Post

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Tribune News Service

Sarah Green Carmichael: What if we all work for a ‘Pity City’ boss?

“You can visit Pity City, but you can’t live there,” is pretty good advice in the context of, say, a one-on-one mentoring meeting with a promising-but-entitled young employee who’s just suffered a setback. But it’s exactly the wrong thing to say as the CEO of an 11,000-person company trying to…

Asharq Al-Awsat

Trade Envoy Tai Says US Not Seeking to 'Decouple' from China

Washington is not seeking to decouple the American economy from China’s, US Trade Representative Katherine Tai said Thursday while on a visit to Tokyo. Tai, who is on her fourth visit to Japan after being appointed the top US trade envoy, said all members of President Joe Biden's administration have…

The Independent UK

Trade envoy Tai says US not seeking to 'decouple' from China

U_S_ Trade Representative Katherine Tai says Washington is not seeking to decouple the American economy from China's and that U_S_ trade sanctions against Beijing are “narrowly targeted.”

Asharq Al-Awsat

India Will Pass China to Be Most Populous Nation by Mid-2023

India is on track to surpass China by mid-2023 as the world’s most populous nation, United Nations data said Wednesday, raising questions about whether a booming, young Indian population will fuel economic growth for years to come. While India's 254 million people between ages 15 and 24 is the largest…

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Bangkok Post

This Harvard alum wants to help Thailand reclaim lost decade

The Move Forward Party, which is surging in opinion polls ahead of the May 14 election, wants to reclaim the "lost decade" under a military-backed rule with proposals for sweeping reforms to revitalise Southeast Asia’s second-largest economy.

The Conversation

Reserve Bank revolution: how Jim Chalmers will recraft the RBA for the 21st century

The review into the Reserve Bank of Australia has just been published by Treasurer Jim Chalmers, and it’s a blockbuster.

Bangkok Post

200 UTN posters in Northeast destroyed

Somsak Thepsutin, a key Pheu Thai Party figure, has pledged to promote traditional animal sports to draw more foreign tourists and stimulate the local economy.

Daily Mirror

Trade summit 'to shape election manifestos and tackle UK's dire economic growth'

International campaign group Best for Britain has organised a conference in Birmingham to hear ideas which could influence parties' manifestos for the next election

The Conversation

News coverage of artificial intelligence reflects business and government hype — not critical voices

The news media plays a key role in shaping public perception about artificial intelligence. Since 2017, when Ottawa launched its Pan-Canadian Artificial Intelligence Strategy, AI has been hyped as a key resource for the Canadian economy.

Bangkok Post

Making big waves

Srettha Thavisin is setting out to whip up an "economic tsunami" and ride it to election victory with a promise of kicking the pandemic-battered economy into high gear.

Bangkok Post

Pheu Thai's giveaway might just work

If one plans to read only one economic analysis article for this year, this is it.

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