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The Latest Breaking News from Economy

The case for a new Keynesianism when Labour returns to power

Letters: Carol Wilcox and Tony Brauer respond to an article by James Meadway of the Progressive Economy Forum

The Guardian - UK

China’s re-opening after Covid could be very bad news for global inflation

I spent last week in Hong Kong and Singapore, singing for my supper. It was just ahead of Chinese New Year — the Year of the Rabbit begins on January 22 — and, in the past, both cities would have been heaving. On this occasion, however, only Singapore was. Hong…

Evening Standard

Asian shares mostly higher after gains on Wall Street

Shares are mostly higher in Asia after Wall Street benchmarks ended last week on a high note

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

'Senior Labour figures right to be haunted by fear of Conservative resurrection'

The economy crash, the NHS crisis, Covid and the invasion of Ukraine don’t explain why we’re doing worse than similar nations, so Rishi Sunak will struggle to escape the grave

Daily Mirror

Signs that the UK economy could be recovering better than expected

Experts forecast falling energy costs and a halving of inflation lie ahead but warned some will still struggle

The Independent UK

Evaluating the China effect

One-third of the world economy may slide into a recession this year, but the outlook for China remains more murky.

Bangkok Post

Russia’s tycoons fear tightening Kremlin squeeze as Putin’s war drags on

As Vladimir Putin pushes his war in Ukraine into its second year, the deepening militarization of Russia’s economy is fueling fears among the country’s business elite that the squeeze on their companies is only just beginning.

Tribune News Service

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How the Fed Redistributed Wealth and Encouraged Reckless Corporate Behavior

The Lords of Easy Money argues that the Fed created an economy with nearly irresistible incentives for foolish choices.

Reason

Strikes in Britain set to intensify as teacher ballot results due

Strikes disrupting swathes of the British economy look likely to intensify this week, with teachers ready to announce industrial action, according to the Sunday Times, and nurses warning their strikes could double in size next month.

Reuters

Key Israel business group seeks steep cut in food tax

Israel's Manufacturers' Association on Sunday proposed tax cuts on food along with a host of other measures aimed at strengthening Israeli economic competitiveness and dealing with the country's high cost of living.

Reuters

Putin says Russian military operation going well in Ukraine

Russian President Vladimir Putin said that the military operation in Ukraine had gained positive momentum and that he hoped his soldiers would deliver more wins after Russia claimed control of the eastern Ukrainian salt-mining town of Soledar.

Reuters

There is no US labor shortage. That’s a myth

There is, however, a shortage of jobs paying sufficient wages to attract workers to fill job openings

The Guardian - US

Keir Starmer hints four times he'll ditch his tuition fees vow saying 'a lot has changed'

Keir Starmer pledged in 2020 to scrap £9,250-a-year university tuition fees - but it could be the latest pledge on the scrapheap as he blames the Tories' 'huge damage to our economy'

Daily Mirror

Saudi Arabia Supports Pakistan’s Economy with $20 Bn in 4 Years

Saudi support for the Pakistani economy constituted a safety valve for its stability and continuity, allowing it to face economic repercussions. Asharq Al-Awsat monitored recent agreements between Riyadh and Islamabad, revealing that Saudi support has doubled in the last four years, exceeding $21.64 billion, in a diversified portfolio including aid,…

Asharq Al-Awsat

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The Conversation

Farming in South Africa: 6 things that need urgent attention in 2023

South Africa’s agriculture remains an important sector of the economy and holds great potential to reduce poverty. It’s also central to the political economy of the country, as evident in the governing African National Congress’s (ANC) recent policy documents.

Nottingham Post

Life next to "dangerous" M1 junction costing the economy millions every year

Midlands Connect has highlighted junction 28 of the M1 as a pinch point where delays are said to be costing the economy £4.5 million every year.

Motor1

Ford Falcon V8 Duels Two-Cylinder Fiat 126 In Fuel Economy Test

It's Ford vs. Fiat in a battle of the least.

Radio France Internationale

How France plans to regulate the realm of internet influencing

The French government this week launched a month-long public consultation in a bid to set up a code of good conduct for internet influencers. The project proposes to better protect consumers as well as makers of creative content, and will also allow the Economy Ministry to keep fiscal tabs on…

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The Independent UK

Biden welcomed back to Georgia after laying low in midterms

During the 2022 midterm campaign, President Joe Biden steered clear of Georgia as Sen. Raphael Warnock, like other battleground-state Democrats, sought to distance himself from the White House amid an inflationary economy and the president’s lagging approval ratings

Fortune

A major Hollywood producer lets loose on how streaming is killing originality in movies

Movies are starting to lose their creativity in the subscription streaming economy.

The Independent UK

White House sounds alarm on GOP ‘malfeasance’ after Treasury warns of approaching debt limit

The Treasury Secretary says a ‘failure to meet the government’s obligations’ would end up doing ‘irreparable harm to the US economy, the livelihoods of all Americans, and global financial stability’

Fortune

Inflation has slowed–but high prices are here to stay. Here’s why the next rate hike should be the Fed’s last

Inflation has fallen to its lowest level in more than a year, but the Fed may still hike rates. Here's when it should stop.

The Guardian - UK

UK may avoid 2022 recession after growing 0.1% in November – as it happened

UK economy beat forecasts with 0.1% growth in November, as food and drink businesses benefited from the FIFA World Cup

Birmingham Post

Recession fears slow but industry still faces toughest trading conditions in ‘recent history’, says Chamber

Slim growth supported by technology sector and pubs and bars boosted by winter World Cup in Qatar

Birmingham Post

It's far from being all doom and gloom on the the economy

There is growth across a variety of technologies such as electric vehicles and broadband

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