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The Latest Breaking News from Economy

South Carolina Democratic gubernatorial nominee wants end of ‘geriatric’ politicians. Will it cost him help from Biden, Clyburn?

Tribune News Service

First Cabinet minister switches sides to back Truss in race for No 10

Welsh Secretary Sir Robert Buckland said the Foreign Secretary’s plans offered the ‘best shot’ for the economy.

The Independent UK

Soap from fat? Art from plastic? Circular economy thriving ahead of waste strategy

Greens MLA Jo Clay launches zero-waste ideas ahead of Circular Economy strategy.

The Canberra Times

From analysis to the latest developments in health,
read the most diverse news in one place.

South Korean president pardons Jay Y. Lee, Samsung heir who was convicted of bribery

With his criminal record wiped, he can formally take the helm of the electronics giant at a critical time for South Korea's economy.

Axios

Timeline of Events in Afghanistan since Taliban Takeover

The Taliban's capture of Kabul on Aug. 15, 2021 brought the hardline movement back into power in Afghanistan nearly 20 years after they were toppled by the US invasion following the 9/11 attacks. The year since has been disastrous for the country. After the world cut off funding, Afghanistan’s already…

Asharq Al-Awsat

Samsung pardon exposes Koreans’ love-hate feelings for tycoons

Lee Jae-yong is the latest in a long list of South Korean business elites to receive clemency after white-collar crimes.

Al Jazeera

Potential for gig economy shake-up in Qld

Flagged changes for Queensland couriers could have implications for on demand delivery drivers as an argument brews about how best to regulate the gig economy.

AAP

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Shocktober: 10 reasons October will be worst month for Brits in 40 years

The cost of living crisis is getting worse and October is set to be a tough month for millions of families. We explain all the key dates and events to be aware of, including when energy bills will rise.

Daily Mirror

Tourism-reliant economy likely gathered pace in Q2

BENGALURU: Thailand's economy likely grew at its fastest pace in a year last quarter, thanks to increased tourism as pandemic curbs eased, but the high cost of living and a slowdown in China pose threats to the outlook, a Reuters poll showed.

Bangkok Post

Government moves to tame fuel crisis

The government will roll out a set of measures to ease the economic impact of the global fuel crisis caused by the Russia-Ukraine war, said Krisada Chinavicharana, permanent secretary of the Finance Ministry.

Bangkok Post

Risk On? What Investors Buying These 4 Stocks May Reveal About The Market, Economy

The S&P 500 started 2022 with a bang, reaching a new all-time high of 4,818.62 on Jan. 4. That date would mark the top for the index, as the Santa Claus rally that had shifted into gear during late December 2021 came to an abrupt end.

Benzinga

Why Beijing is banning imports of a popular brand of Taiwanese corn chips but not their microchips

China has blacklisted more than 2,000 Taiwan-made products in the wake of Nancy Pelosi's visit, but the self-ruled island's most important export — microchips — is not one of them.

ABC News

Key moment in Arriva strike dispute as Liverpool City Region leaders demand company acts

Significant intervention as leaders call on 'most senior levels' of bus operator's management to enter negotiations and end strikes after 22 days

Liverpool Echo

Commentary: Shared company ownership may be the missing path to the American dream

Only half of American adults born in 1980 make as much as their parents did at the same age. Here's how employee ownership could bridge the gap.

Fortune

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The Conversation

Gordon Brown economics versus Liz Truss tax cuts: a new twist in the battle to resolve the UK’s cost of living crisis

The ongoing Conservative Party leadership hustings haven’t seen much agreement between candidates, but they have resulted in the creation of a new political narrative: “Gordon Brown economics”. Foreign secretary Liz Truss explained away her rejection of cost of living “handouts” for households with the phrase. But even as she indicated…

The Times of India

India to be fastest growing economy this year: Government source

NEW DELHI: Rising inflation rates notwithstanding, India will be the fastest growing economy in the world this year, a top government source said on Thursday.

Insider UK

Itison invests £4 million into Glasgow winter events

Latest plans should create 300 jobs and provide a £14m boost for the local economy

Asharq Al-Awsat

US Welcomes Resumption of Flights Between Egypt, Libya

The US welcomed the resumption of direct flights between Tripoli and Cairo, which followed similar agreements with other regional capitals. “The United States welcomes the resumption of direct passenger flights between Tripoli and Egypt following similar agreements with other regional capitals,” the US embassy in Libya tweeted. “We encourage and…

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Evening Standard

Train strikes will be £120million hammer blow to London

Warning that stoppages will hit economy as London bears brunt in four days of travel woe

The Independent UK

At 75, India seeks way forward in big but job-scarce economy

India’s phenomenal transformation from an impoverished nation in 1947 into an emerging global power whose $3 trillion economy is Asia’s third largest has made it a major exporter of things like software and vaccines

Bangkok Post

Accenture opens digital hub in Bangkok

Accenture, a global professional service provider, has launched its new Intelligent Operations Centre (IOC) in Bangkok to accelerate digitalisation among businesses, with the digital economy expected to account for 35% of Thailand's GDP by 2025.

Bangkok Post

Demand destruction the new buzzword

On Feb 23, a day before Russia invaded Ukraine, the world crude oil price was US$90.60 (3,221 baht) per barrel. Russian oil supply disruption and demand recovery from Covid-19 dragged the crude oil price to almost $120 at the end of May, after the US and European central banks sent…

The Independent UK

Martin Lewis’ biggest concerns for the economy as UK faces a ‘financial emergency’

Money Saving Expert founder warns that country is in ‘pandemic scale national crisis’

Reuters

International economists ask Biden to release Afghan central bank funds

More than 70 economists and experts, including Nobel Laureate Joseph Stiglitz, called for Washington and other nations to release Afghanistan's central bank assets in a letter sent to U.S. President Joe Biden on Wednesday.

The Guardian - AU

Australian tax data is absolute proof of the gender pay gap across the entire economy

The situation is worst in high paying occupations. Only members of parliament see women with a higher median salary

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