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The Latest Breaking News from Economy

S.Korea expresses regret over N.Korea's criticism of President Yoon

A South Korean minister expressed regret on Friday over the slamming by North Korea's Kim Yo Jong of President Yoon Suk-yeol and the rejection of Seoul's proposal to boost the North's economy in exchange for giving up nuclear weapons.

Reuters

UK consumer confidence weaker than during major recessions

Monthly look finds deepening pessimism about personal finances and prospects for the economy

The Guardian - UK

UK consumer confidence hits record low

GfK’s Consumer Confidence Index fell three points in August to minus 44, its lowest figure since records began.

The Independent UK

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Fewer Americans file for jobless benefits last week

Slightly fewer Americans filed for unemployment benefits last week as the labor market continues to be the strongest segment of the U.S. economy

The Independent UK

Winners revealed at High Street Heroes event

Joint winners crowned as the public’s High Streets of the Year

Belfast Live

The Albanese Govt Is Looking At A Big Potential Shake Up For Gig Economy Workers

Tentatively hopeful news.

Pedestrian.tv

Analysis-Years of political crises in Peru are finally hitting its economy

Since 2011, Peruvians have lived under seven presidents and seen four ex-leaders detained or wanted on corruption allegations. Yet, in the same period Peru has held onto the unlikely title of the fastest growing major economy in Latin America.

Reuters

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Hundreds of millions spent in Bristol as people return to shops, pubs and clubs

The reopening of restaurants and hotels, and the relaunch of events has also boosted the local economy in 2022

Bristol Post

Japan is encouraging more young people to drink alcohol and boost economy

Japan’s national tax agency has launched a ‘Sake Viva!’ contest to come up with ideas to promote drinking among the younger generation

Evening Standard

Commentary: The deceptive marketing of the 'Inflation Reduction Act'

The so-called Inflation Reduction Act is one of the greatest examples of deceptive marketing around today. Not only will the legislation fail to reduce inflation, it will further increase prices.

Tribune News Service

Mapping inequality in Dutch colonial-era Indonesia

In the early 20th century, the region now known as Indonesia – then the Dutch East Indies – was Europe’s largest colony after India. It was a major producer of tropical commodities, like rubber and sugar, which were drivers of the global economy.

The Conversation

Plan for Brisbane's Mount Coot-tha botanic gardens to host Australian-first night light show by Lumina Night Walks

Brisbane City Council plans to allow a permanent light show in the botanic gardens, but there are concerns the Australian-first project is "commercialising a public asset" and light pollution will impact local wildlife.

ABC News

Tory candidates warned over tax cut pledges amid worsening economic outlook

Frontrunner Liz Truss and rival Rishi Sunak have repeatedly clashed over competing visions for the UK economy.

The Independent UK

Aged care sector welcomes Pacific workers but needs 35,000 more each year to address shortages

Australia is pinning its hopes on Pacific workers to help fill shortages across the economy — particularly in aged care — but industry says a history of poor conditions and sheer numbers mean that's unlikely to make a significant dent in demand.

ABC News

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The Hindu

Expats helped boost Kerala’s economy: NORKA officer

THIRUVANANTHAPURAM

Bangkok Post

Economy will grow faster in Q3 as investment, tourism return: Arkhom

Thailand's economic growth is expected to accelerate in the third quarter after a weaker-than-expected second quarter as public investment spending increases along with a recovery in tourism, the finance minister said on Wednesday.

Bangkok Post

Investment pledges slump in H1 as foreign projects wane

Investment applications in Thailand dropped by 42% in the first half of 2022 compared to the same period last year, official data showed on Wednesday, led by a sharp fall in foreign projects as the global economy slowed.

StockNews.com

4 Stocks You’ll Be Glad You Bought

The recent rally in the benchmark indices indicates improving investors’ sentiments. Moreover, analysts believe the economy could likely dodge a recession. So, it could be wise to consider buying quality stocks CVS Health (CVS), APA (APA), Biogen (BIIB), and Centene (CNC) now. Keep reading….

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The Guardian - US

Inflation is causing real pain. But raising interest rates will make it worse

Rate hikes could induce a recession and hurt ordinary people. We need price stabilisation measures instead

Bangkok Post

Economy seen growing 3.6% this year - Bank of Thailand

The Thai economy is expected to grow 3.6% this year and 4.0% next year, helped by a recovery in tourism despite inflationary pressures, a member of the Bank of Thailand's (BoT) Monetary Policy Committee said on Wednesday.

Insider UK

Biotech start-up bags £2.3 million to commercialise circular economy platform

Money will be spent on a demonstrator facility near Stirling, as well as around 10 new staff

Asharq Al-Awsat

Damascus Announces Establishing Syrian-Iraqi Business Council

The Syrian Ministry of Economy and Foreign Trade issued a decision on Tuesday to establish the Syrian-Iraqi Business Council. The Ministry designated Mohamed Nasser al-Sawwah as the President of the Council and Ziad Aubrey as a vice-chairman from the Syrian side. According to a Ministry statement, the Council aims to…

Reuters

Echoes of dire 1970s in today's Britain

Plans for a high-wage, high-growth economy lie in ruins as Britain's Conservative prime minister struggles to answer a cost-of-living crisis, compounded by rising worker unrest.

The National (Scotland)

Scotland 'paying economic price' for staying with declining UK

SCOTLAND is “paying the economic price” for staying in the union according to a new analysis, which says the UK is in long-term decline and…

Newcastle Herald

Hunter town looks set for 24/7 restaurant, but not everybody's McHappy

The restaurant is slated to inject approximately $5 million "into the local economy during construction, and total wages generated by the new McDonald's operation will be approximately $1 million per year".

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