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The Latest Breaking News from Economy

Mexico president taps tax agency head for Economy Department

Mexican President Andrés Manuel López Obrador has chosen the head of the country's tax agency to fill the cabinet-level post of secretary of the economy

The Independent UK

World Bank has downgraded Indian economy but PM is still resorting to empty slogans, alleges Congress

Ms. Shrinate said rupee has hit a historic low.

The Hindu

France falls behind Western allies in weapons deliveries to Ukraine

Rankings published by the Kiel Institute for the World Economy show that France's 233 million euros of military aid to Ukraine place it 11th in the world, well behind the US (25 billion euros), Britain (4 billion euros) and Poland (1.8 billion euros). Paris says weak manufacturing capacity rather than…

Radio France Internationale

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Dow Drops Over 400 Points After US Economy Adds 263,000 Jobs During September

U.S. stocks traded lower this morning, with the Dow Jones dropping more than 400 points on Friday.

Benzinga

Risky 'Shadow Banks' Are Still Unregulated: Are They A Threat To The UK Economy?

The Bank of England recently unpacked £65 billion ($72 billion) in an emergency measure to avoid a crash in government bond prices. Without the intervention, the U.K.’s pension funds, which rely heavily on bond holdings, would have entered default. A larger economic crisis was averted.

Benzinga

Mexican tax chief Raquel Buenrostro named as next economy minister

Mexican President Andres Manuel Lopez Obrador on Friday named the country's tax authority chief Raquel Buenrostro as the next economy minister, a day after former minister Tatiana Clouthier resigned.

Reuters

US economy adds 263,000 jobs in September

The positive jobs report could be a sign that recent interest rate increases haven’t caused businesses to slow hiring

The Independent UK

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The broken US economy breeds inequality and insecurity. Here’s how to fix it

On one side, oceans of wealth and power. On the other, precarity and powerlessness. But we have the tools for reform

The Guardian - US

U.S. economy adds 263,000 jobs in September

Monthly job gains have slowed from the breakneck pace that defined the pandemic recovery.

Axios

Taiwan economy minister to address 'concerns' during US visit

Taiwan Economy Minister Wang Mei-hua will visit the United States next week to respond to what her office called "concerns" about supply chains and geopolitical issues and will also visit U.S. tech firms that are major customers of Taiwanese semiconductor companies.

Reuters

Direct US and Middle East flights to Northern Ireland targeted under proposed airline funding scheme

The Department for the Economy is developing a new Northern Ireland Route Development Scheme

Birmingham Post

Imran Khan: ‘This government will push Pakistan to the brink’

Ex-PM attacks the government over its handling of the flood-ravaged economy and once again calls for swift elections.

Al Jazeera

Economy and currency paper for independent Scotland to be published next week

Speaking ahead of that, First Minister Nicola Sturgeon said work on a Scottish central bank would begin immediately after a Yes vote.

The Independent UK

Americans are becoming less productive, and that's a risk to the economy

Job market swings over the past few years have dampened the motivation of many workers and led to a decline in the fuel of the U.S. economy — productivity.

WEKU

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Evening Standard

Government doing ‘lasting damage’ to economy, says Nicola Sturgeon, as she vows to go ahead with independence referendum

Scottish First Minister vows to press ahead with independence referendum next year

Tribune News Service

Tyler Cowen: A crisis is coming in Europe. The only question is, which kind?

European governments are facing a choice of which kind of crisis to have: an energy crisis or a fiscal crisis. The global economy may hang in the balance.

Insider UK

Rees-Mogg: New oil and gas licensing will boost economy and energy security

A total of 898 blocks are being made available across huge expanses of the North Sea

Asharq Al-Awsat

Saudi Arabia Signs MoU to Boost Cooperation, Data Exchange

Saudi Arabia’s Ministry of Economy and Planning (MEP) has signed a memorandum of understanding (MoU) with the Saudi Economic Association to boost cooperation in research. Both parties will promote closer cooperation on economic research, capacity building, events and reports to share knowledge and advance joint goals on growth, diversification and…

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The Guardian - UK

UK economy predicted to be weak till 2024 despite Truss growth agenda

Business confidence sinks to lowest level since depth of Covid pandemic as rising costs hit households and companies

The National (Scotland)

New licensing round for North Sea oil exploration will boost economy, Energy Secretary says

A NEW licensing round for oil and gas exploration will boost both the UK’s economy and energy security, Business and Energy Secretary Jacob…

Tribune News Service

California takes leading edge on climate laws. Others could follow

California has enacted an ambitious package of legislation to aggressively combat the climate crisis — a bold move by the world’s fifth-largest economy that could inspire action in other states.

The Independent UK

Rees-Mogg: New oil and gas licensing will boost UK economy and energy security

Energy Secretary Jacob Rees-Mogg spoke as the North Sea Transition Authority began its latest round of licensing for offshore oil and gas.

Insider UK

Scottish retail footfall gradually improves

Meanwhile, click and collect could be worth more than £2.5bn to Scotland's economy

Daily Mirror

Piers Morgan slams 'unmitigated shambles' Liz Truss and urges Tories to 'get rid'

Piers Morgan lived up to expectations during his stint on the Question Time panel this evening - branding Liz Truss a failure and calling for the Tories to oust her from her position, following the under-fire Prime Minister playing 'casino politics' with the economy

Bangkok Post

Foreigners snap up B146bn of Thai stock

Foreigners were net buyers of 146 billion baht worth of equities on the Thai stock market in the first nine months of this year as they expect tourism to revive the economy in the fourth quarter, say executives at the local bourse.

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