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The Latest Breaking News from Economy

NZ's proposed pumped storage hydropower project will cost billions – here's how to make it worthwhile

Greater electrification of the economy is an essential part of Aotearoa New Zealand’s climate policy, as set out in the emissions reduction plan.

The Conversation

UK economy grew in October but Jeremy Hunt warns of ‘tough road ahead’

Gross domestic product grew by 0.5% in October in a bounce back from a 0.6% contraction the previous month

The Independent UK

Putin cancels annual year-end news conference: Kremlin

Break in tradition comes as Russia’s war in Ukraine falters and its economy struggles under the weight of sanctions.

Al Jazeera

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India fastest growing economy, Opposition raises questions out of jealously: Finance minister in Lok Sabha

NEW DELHI: India is the “fastest-growing” economy under Prime Minister Narendra Modi but there are “people” in the Opposition who keep raising questions over the country's progress just out of “jealousy”, finance minister Nirmala Sitharaman said in Lok Sabha on Monday.

The Times of India

3 Stocks That Are Screaming Buys for 2023

Although inflation is still sky-high, and the Fed’s rate hikes are expected to continue, experts believe the economy might succeed in avoiding a recession. Given the uncertainties, we think investors should load up on fundamentally sound stocks Bristol-Myers Squibb (BMY), Waste Management (WM), and Hillenbrand (HI) as we head into…

StockNews.com

Wales sees a big rise in green job recruitment shows PwC research

The barometer shows that Wales has seen the largest drop in CO2 emissions per worker in the UK.

Birmingham Post

Green jobs more than double in North East but London dominates sector

PwC’s Green Jobs Barometer shows big growth in employment but warns of a looming North-South gap in the green economy

Birmingham Post

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Fed wants inflation to get down to 2% – but why not target 3%? Or 0%?

What’s so special about the number 2? Quite a lot, if you’re a central banker – and that number is followed by a percent sign.

The Conversation

China's vibe shift

Chinese consumer confidence, a driving force in the global economy, is slumping.

Axios

Will the U.S. and Europe slide into recession in 2023? Here’s how to look out when economic outlooks don’t

The global economy will remain weird in 2023. Here's what to expect, according to BCG's top economists.

Fortune

UK recession looms despite one-month economic rebound

Better than expected October GDP figure should not obscure risk of prolonged downturn

The Guardian - UK

UK economy shrinks 0.3% in three months through October

Britain’s economy shrank in the three months through October, confirming the toll rampant inflation and rising interest rates are having on business and industry

The Independent UK

Oil Resumes Slide as Weak Economy Outweighs Supply Risks

Oil prices fell on Monday, deepening a multi-week decline, as a weakening global economy offset supply woes stemming from the closure of a key pipeline supplying the United States and Russian threats of a production cut. Brent crude futures were down 38 cents, or 0.4%, at $75.72 a barrel by…

Asharq Al-Awsat

Saudi Economy Grows by 8.8% in Third Quarter

The General Authority for Statistics announced on Sunday that Saudi Arabia’s economy grew by 8.8 percent in the third quarter of 2022. This growth was driven by the rise of oil-related activity by 14.2 percent, and non-oil activities by 6 percent, while government activities recorded a growth of 2.5 percent…

Asharq Al-Awsat

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The Guardian - UK

Can Cop15 protect ocean biodiversity from the big fish of the ‘blue economy’?

The sea has been ravaged by profiteers – many of whose lobbyists are circling in Montreal, says the author Guy Standing

Evening Standard

Tough road ahead on the economy, Chancellor Jeremy Hunt warns

Economists described October’s 0.5 per cent growth as a ‘false dawn’

Bangkok Post

Britain's GDP grows 0.5% in Oct: statistics office

LONDON: Britain's economy grew 0.5% in October, official data showed Monday, after a sharp fall the previous month in part because of the national holiday for Queen Elizabeth II's funeral.

The National (Scotland)

UK economic growth in October a 'false dawn', say experts

THE UK is heading into an expected recession as the economy shrank between August and October.

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Insider UK

Swinney talks of ‘difficult decisions’ ahead of Scottish budget

Social Justice Secretary suggests that those with the broadest shoulders should take more of the tax burden

The Guardian - UK

UK economy returns to growth as GDP rises 0.5% in October

Growth figure shrank 0.3% in a quarter, reflecting concerns over lengthy recession

Wales Online

'Tough road ahead' warning despite economy 'bounce back' in latest figures

'Aftershocks of Covid-19, Putin’s war and high global gas prices' will all continue to impace, it was warned

Evening Standard

FTSE 100 Live: UK economy grew in October, Microsoft builds LSE stake

The UK unemployment rate today rose to 3.7% as figures also showed the cost of living squeeze through a 2.7% fall in real terms pay.

The Guardian - UK

UK facing ‘tough road’ as recession looms despite economy growing in October – as it happened

Chancellor Jeremy Hunt warns economy likely to get worse before improving, after UK GDP rose 0.5% in October, but shrank by 0.3% in the August-October quarter

The Guardian - AU

Jacinda Ardern vows to ‘focus on economy’ after months of poor polling

The New Zealand government is set to pare back its policy agenda, as the prime minister pledges to make the economy her priority

AAP

Gas boss fears plan will kill investment

Industry chief Samantha McCulloch says the federal government's plan to cap gas prices will "unravel" Australia's open market economy.

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