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The Latest Breaking News from Economy

Global economy to grow by 3.2% amid downturn

The global economy is growing at 3.2% this year, a substantial drop from 6% last year, with an even gloomier outlook for next year, according to Finance Minister Arkhom Termpittayapaisith after the Apec Finance Ministers' Meeting on Thursday.

Bangkok Post

The global leadership India needs

India, like China, takes enormous pride in its civilisation's scale and antiquity -- and rightly so. But such pride can also lead to a complacent and sometimes dangerous insularity. Since gaining independence from the British Empire 75 years ago, India has mostly looked inward, focusing on improving the welfare of…

Bangkok Post

Biden touts infrastructure investments as US midterm vote looms

Amid Republican criticism of US spending, president promotes economic programmes in battleground state of Pennsylvania.

Al Jazeera

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Jim Chalmers is ignoring his own warnings of a possible recession

The Treasurer appears to be ignoring his own warnings ahead of the federal budget about the need to be prepared for a global recession.

The New Daily

EXPLAINER: Why was Truss' tenure so short -- and now what?

British Prime Minister Liz Truss took office last month with hopes and promises of reinvigorating the British economy and putting it on the path to long-term success

The Independent UK

Liz Truss timeline: UK Prime Minister's 44 days from appointment to resignation

She promised a “bold plan” to cut taxes and grow the economy but instead embattled PM served the shortest term in history

Chronicle Live

West Bank visitors ordered to register romances as Israel brings in strict rules

Curbs on people falling in love with a Palestinian among measures expected to stifle economy and academia and hit aid agencies

The Guardian - UK

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Truss's demise ends the revival of Thatcher's libertarian economics

Daniel Pryor, who lobbies for governments to shrink the state and cut taxes, feels Liz Truss's brief, disastrous spell as prime minister has killed off his dream of a low-tax, deregulated British economy for at least a generation.

Reuters

Liz Truss promised UK a shakeup — but was forced out instead

Liz Truss became prime minister on a promise to open a new era of growth by shaking up Britain’s economy

The Independent UK

Taoiseach Michéal Martin leads tributes to Liz Truss as UK Prime Minister resigns after 44 days

"I convey my best wishes to her and her family"

Irish Mirror

Interest rates unlikely to rise above 5%, says Bank of England official

Ben Broadbent says increase already priced into markets would deliver ‘pretty material’ hit to economy

The Guardian - UK

From fighter to quitter – Liz Truss's brief premiership in quotes

The UK has seen 45 days of political and economic instability

Wales Online

Liz Truss’s 44-day leadership in quotes: From fighter to quitter

A look back at what she has said since winning the Conservative Party leadership battle

Evening Standard

Liz Truss timeline: Everything that happened in 44 days as Prime Minister

She announced this afternoon that she would resign, after promising "bold plans" to grow the economy.

Daily Record

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Benzinga

Can Corporate Greed Explain Historic Inflation? Lawmaker Says She Found The Answer

A unique characteristic of America's pandemic economy emerged for nearly every business in the country: Customers were willing to pay extra for the goods and services they wanted to purchase.

The Independent UK

Liz Truss’s leadership in quotes: From fighter to quitter

A look back at what she has said since winning the Conservative Party leadership battle.

Daily Record

Nicola Sturgeon blasts 'utter shambles' and demands General Election after Liz Truss quits

The First Minister blasted the "utter shambles" of the Truss Government that led to the UK economy spiralling out of control.

Tribune News Service

Global housing market pain has echoes of a crash 30 years ago

When Covid sent the UK economy into lockdown in 2020, the government jumped in to help the property market by cutting a tax on purchases. The temporary measure triggered a kind of mania among buyers, who responded by bidding up average prices by £31,000 ($35,000) — more than double the…

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Zenger

Janet Yellen Calls OPEC+ Move ‘Unhelpful And Unwise’ For Global Economy

The United States has expressed disappointment in OPEC+'s plans to cut output.

Wales Online

Liz Truss timeline: 44 days from appointment to resignation

She promised a “bold plan” to cut taxes and grow the economy and “deliver on the energy crisis”

The Times of India

Shaheen Afridi and Lockie Ferguson lead five bowlers who can spell doom for batters at T20 World Cup

NEW DELHI: Wahab Riaz's extraordinary over to Shane Watson at the Adelaide Oval during the 2015 ODI World Cup will forever remain etched in the memory of those who were fortunate to witness raw aggression at its best.

The Conversation

Grattan on Friday: Politics of future budgets likely to get harder for Albanese government

When Kevin Rudd made Bill Shorten parliamentary secretary for disabilities in 2007, the post was a good deal less than the high-profile new MP’s ambition for a ministry.

Asharq Al-Awsat

Saudi National Industry Strategy to Support Diversifying Kingdom’s Economic Base

Saudi Arabia’s Crown Prince Mohammed bin Salman has introduced a new National Industry Strategy (NIS) that aims to triple industrial output and increase the value of the kingdom’s industrial exports to about SAR 557 billion ($148.5 billion) by 2030. Experts believe that the strategy has drawn a clear roadmap to…

The Guardian - US

Will inflation boost Republicans’ chances in the midterm elections?

Voters rank economy as top concern in newest polls as Republicans spend ‘tremendous amount’ in swing states with inflation messaging

Evening Standard

What is 55 Tufton Street? The house that influenced the UK economy’s nosedive

The group is demanding the government halt all new oil and gas licences and consents

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