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The Latest Breaking News from Economy

Jobless rate down in Q2 as Covid-19 curbs eased

Thailand's official unemployment rate in the second quarter dropped to its lowest since the Covid-19 pandemic began and should improve further as the economy recovers following an easing of restrictions, the National Economic and Social Development Council (NESDC) said on Friday.

Bangkok Post

Powell's Jackson Hole speech will stir speculation on rates

When Federal Reserve Chair Jerome Powell delivers what will be his most closely scrutinized speech of the year Friday, investors and economists will be turning over his remarks for any clues about how fast the Fed may continue to raise its short-term interest rate — and for how long

The Independent UK

Ground Up initiative turns Ballarat business waste into sought-after resource

Eliza Whitburn-Weber helps businesses turn waste into valuable resources. As landfill overflows, experts say initiatives like this are the future.

ABC News

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CPN joins campaign to spur travel, the economy

SET-listed property and retail operator Central Pattana Plc (CPN) has joined hands with the Tourism Authority of Thailand (TAT) and partners from the tourism industry to boost Thailand's tourism sector and economy this year.

Bangkok Post

3 Healthcare Stocks Wall Street Expects to Soar Nearly 200%

Substantial investments in R&D and growing demand for advanced drugs to treat chronic diseases should drive the healthcare industry’s growth. Moreover, amid the economy's uncertainties, the inelastic demand is expected to keep the sector resilient. Given this backdrop, Wall Street analysts expect healthcare stocks Ginkgo Bioworks (DNA), Zai Lab (ZLAB),…

StockNews.com

We Are Not In A Recession And Inflation Is The Reason Why, Says Nobel Prize-Winning Economist

Richard Thaler is the 2017 recipient of the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics. Thaler researches decision-making psychology, which bridges the gap between economics and psychology, as well as behavioral finance and economics.

Benzinga

What our shopping choices say about the U.S. economy

Here's what we learned from a hectic spate of financial report cards shared by top U.S. retailers.

WEKU

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King Salman Orders Investments Worth $1Bln in Pakistan

Custodian of the Two Holy Mosques King Salman bin Abdulaziz ordered investments worth USD1 billion in Pakistan in reflection of the Kingdom’s support to Pakistan’s economy and people. The announcement was made during a telephone call received by Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah from his Pakistani…

Asharq Al-Awsat

2 Safe Stocks to Load up on Right Now

The stock market has remained under tremendous pressure since the beginning of 2022 due to ongoing macroeconomic issues. The Fed’s monetary policy tightening and a slowing economy are raising recession fears among investors. Amid such a volatile environment, investors should consider adding safe stocks KT Corporation (KT) and Bridgestone (BRDCY)…

StockNews.com

Recognizing the transformational potential of Indigenous-led conservation economies

Over the last decade, Canada has seen an increase in the number of initiatives to green or circularize the economy through sustainable development, as well as those that support and enhance Indigenous environmental leadership.

The Conversation

Liz Truss: Who is the foreign secretary hoping to become prime minister?

Social media savvy ‘human hand grenade’ seen as continuity candidate and currently ahead of Rishi Sunak thanks to questionable tax promises and neo-Thatcherite branding

The Independent UK

Yes must show Scots we 'can't afford' to stay in UK to win indyref2, campaigners say

THE Yes movement must win the economic arguments for independence if it hopes to win the next referendum, new polling has suggested.

The National (Scotland)

Jews are leaving Russia again – is history repeating itself?

It’s not the first time that Jews have felt it necessary to flee Russia, but the invasion of Ukraine has resulted in the fourth wave of exiles in the past hundred years.

The Conversation

Biden’s student-loan relief adds new wrinkle to inflation debate

President Joe Biden’s plan to forgive a portion of student loans held by tens of millions of people will ripple through the economy as personal spending and savings shift, but no factor will be more closely watched than inflation.

Tribune News Service

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The Independent UK

Fewer Americans claim jobless benefits last week

Fewer Americans filed for unemployment benefits last week as the labor market continues to stand out as one of the strongest segments of the U.S. economy

The Independent UK

Government revision shows economy shrank 0.6% last quarter

The U.S. economy shrank at a 0.6% annual rate from April through June, the government said in a slight upgrade from its initial estimate

Reuters

South Sudanese return to Sudan seeking relief, but find more hardship

Living in flimsy shelters made of wood and plastic tarp or half-finished concrete buildings, South Sudanese who have returned to Sudan are finding life tougher as their former country's economy tumbles.

The Times of India

Asia Cup 2022, India vs Pakistan: How the T20I numbers stack up

NEW DELHI: One of the most celebrated rivalries in the cricketing world is the clash between arch-rivals India and Pakistan. However India vs Pakistan cricket clashes are a rare commodity now with no bilateral contest for almost a decade. The two teams play each other exclusively in the International Cricket…

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Asharq Al-Awsat

Lebanon: Aoun, Mikati Hold Unfruitful Meeting amid Disagreement over Govt Lineup

A meeting on Wednesday between President Michel Aoun and Prime Minister-designate Najib Mikati failed to advance the talks over the formation of a new government. Well-informed sources told Asharq Al-Awsat that the two officials disagreed over the government lineup and the number of ministers. The sources noted that Mikati preferred…

The Guardian - AU

Huawei founder sparks alarm in China with warning of ‘painful’ next decade

Ren Zhengfei writes in leaked memo that ‘chill will be felt by everyone’ and company must focus on survival

The Times of India

India economic indicators gave mixed signals on recovery in July

NEW DELHI: India’s business and consumption activity showed conflicting signs of recovery in July as elevated inflation, rising borrowing costs and fears of a global slowdown weighed on Asia’s third-largest economy.

Insider UK

Scottish SMEs report revenue growth, but brace for turbulent times ahead

Confidence in their own businesses contrasts with pessimism around wider economy

Asharq Al-Awsat

Half of China Hit by Drought in Worst Heatwave on Record

A crippling drought exacerbated by a record heat wave has spread out across half of China and reached the normally frigid Tibetan Plateau, according to official data released ahead of more searing temperatures on Thursday. The world's second-largest economy has been hit by heatwaves, flash floods and droughts -- phenomena…

Asharq Al-Awsat

Asian Markets Rise with Eyes on China, Fed Speech

Asian markets rose Thursday after China unveiled fresh measures to boost its economy, while investors awaited a speech by the Fed chair that may hold clues about future rate hikes. Central bankers are meeting in Jackson Hole in the US state of Wyoming, and all eyes are on Federal Reserve…

The Independent UK

Asian stocks gain as global markets await Fed chair speech

Asian shares are trading higher as global markets wait for a highly anticipated speech from the U.S. Federal Reserve chair about interest rates at the end of the week

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