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The Latest Breaking News from Economy

IMF to crisis-hit Pakistan: Tax the rich, protect the poor

Comments come at the back of a 10-day visit by an IMF delegation, as Pakistan hopes to unlock $1.1bn of crucial funds.

Al Jazeera

World Bank: Gulf Economies Are Becoming More Open

Middle East and North Africa (MENA) countries should follow the lead of Saudi Arabia, the United Arab Emirates, and the Gulf states in economic reforms, said World Bank Vice President for Middle East and North Africa Ferid Belhaj. Belhaj explained that Gulf countries worked on deep and structural reforms by…

Asharq Al-Awsat

Further delay to Deposit Return Scheme would be ‘frankly unbearable’, say campaigners

ENVIRONMENTAL campaignrs have warned the Scottish Government that any further delay to the introduction of the Deposit Return Scheme (DRS) would be…

The National (Scotland)

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Gold outlook remains plated in mystery

Gold is perceived as a safe-haven asset, a long-term investment and a hedge against uncertainty in the global economy and geopolitics.

Bangkok Post

War economy

The world's economy and businesses have suffered from the Russia-Ukraine war over the past year, hamstrung by high energy prices, inflationary pressure and logistics disruptions.

Bangkok Post

Reserve Bank faces difficulty balancing cyclone inflation and devastation

If the country is to begin ‘futureproofing’ itself against more frequent climate change related flooding, the rebuild cost will rise dramatically – and that's worrying for Governor Adrian Orr. Andrew Patterson reports.

Newsroom.co.nz

Ukraine war expected to cost Germany 160 billion euros by year-end

The Ukraine war will have cost the German economy around 160 billion euros ($171 billion), or some 4% of its gross domestic output, in lost value creation by the end of the year, the head of the German Chambers of Industry and Commerce (DIHK) said.

Reuters

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Saudi Arabia Expands its Economic Capabilities to Space

Saudi Arabia’s recent announcement that it was sending two Saudi astronauts to the International Space Station (ISS) has kicked off talks about the Kingdom’s serious endeavor to benefit from the space economy as a giant sector, where global visions of sustainability and technology intersect. The astronauts will make their trip…

Asharq Al-Awsat

Two-thirds of public think Brexit has hurt UK economy, poll finds

Exclusive: ‘Strong perception Brexit has not gone particularly well’ says pollster

The Independent UK

Netflix partners with TAT, DNP & CEA to launch ‘Uncover Thailand: A Creative Travel Guide’

Netflix recently joined hands with the Tourism Authority of Thailand (TAT), the Department of National Parks, Wildlife and Plant Conservation (DNP), and the Creative Economy Agency (CEA) to launch the “Uncover Thailand: A Creative Travel Guide'', a first-of-its-kind Thailand travel guide (thailandtravelmap.com).

Bangkok Post

Nissan Claims Toyota RAV4 Hybrid Fuel Economy Estimates Are Unrealistic

The automaker believes its X-Trail e-Power delivers comparable real-world fuel economy and a superior driving experience.

Motor1

From retail to transport: how AI is changing every corner of the economy

Artificial intelligence has implication across the board, solving problems and raising others

The Guardian - UK

Nigerian cash crisis brings pain: ‘Everything is just tough'

Like many people in Nigeria, Godgift Inemesit’s savings are trapped in a bank

The Independent UK

India Targets 7Pc Economic Growth This Year, Expects To Cross It In Next 5 Years: EAM S Jaishankar

India is targeting seven per cent growth in economy this year and we expect it to cross it in the next five years, External Affairs Minister S Jaishankar said on Saturday and adding that New Delhi will try to stay in the 7-9 per cent range at least for a…

Dynamite News

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Al Jazeera

Q&A: The opium surge in Southeast Asia’s ‘Golden Triangle’

The revival of opium production in the Golden Triangle comes on top of a booming synthetic drug industry.

Bangkok Post

NESDC prunes 2023 growth view to 2.7-3.7%

The government's planning unit has downgraded its economic growth forecast to 2.7-3.7% for this year from 3-4% estimated in November last year, largely attributed to the global slowdown and declining exports.

Bangkok Post

Hackers use govt sites to push ads

Two-thirds of 500 cyberattacks on government websites last year were done by hackers who wanted to promote their online gambling services, the Ministry of Digital Economy and Society (DES) revealed opn Friday

Reuters

IMF, Ukraine reach staff-level deal, paving way for full loan talks

The International Monetary Fund on Friday said it reached a staff-level agreement with Ukraine, setting the stage for talks on a full loan program that would support Kyiv's economy and its bid to join the European Union.

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StockNews.com

3 Standout Stocks With Major Growth Potential in 2023

The Fed’s downshift on tightening in response to the continued decline in inflation and growing odds of the economy achieving a soft landing could help growth stocks rebound strongly this year. Amid improving investor sentiment, it could be wise to invest in fundamentally sound stocks Salesforce (CRM), ADT Inc. (ADT),…

Birmingham Post

Entrepreneurs showed resilience during crisis

Founders shouldn’t criticise themselves for the position they find themselves in after a torrid three years

The Independent UK

Fed's Barkin: 'Slow progress' on inflation, sees more hikes

A top Federal Reserve official is downplaying recent signs that the economy is strengthening, but also said he is prepared to keep raising interest rates in smaller increments as often as needed to quell inflation

WEKU

Is the economy headed for recession or a soft landing?

Are we in a recession? It seems like a straightforward question, but the data tells conflicting stories.

StockNews.com

The 3 Best Stocks to Buy Now for Long-Term Investors

As inflation is still at an alarmingly high level, the Fed is expected to continue with its rate hikes this year. However, experts see chances of the economy evading a recession. Therefore, it could be wise to buy quality stocks, Johnson & Johnson (JNJ), Pfizer (PFE), and Walmart (WMT) now…

Asharq Al-Awsat

US, UK, French Ambassadors: Houthi Attacks Harm All Yemenis

The ambassadors of the US, UK, and France have condemned Houthi attacks against infrastructure in Yemen and the group’s actions that threaten the peace process and damage the Yemeni economy. The three ambassadors called on the Houthis to stop further attacks on civilian infrastructure.

The Independent UK

Asian shares skid after inflation report thumps Wall Street

Shares have slipped in Asia after benchmarks on Wall Street took their biggest hit in four weeks as investors registered disappointment over an inflation reading that came in hotter than expected

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