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The Latest Breaking News from Economy

Ford legacy fund supports Caerphilly low-carbon vehicle project

The fund was established as a goodwill gesture by Ford after it closed its Bridgend engine plant in September 2020

Birmingham Post

Near free public transport eases congestion on Germany's roads

Urban traffic congestion eased in the weeks after Germany made public transport almost free, data show, suggesting an experiment by Europe's largest economy to combat its addiction to cars may be having some success.

Reuters

Herschel Walker downplays abortion ruling’s effect

ALTO, Ga. — Republican Herschel Walker downplayed the effect Georgia’s abortion ban will have on the November election, saying voters were more concerned about the economy.

Tribune News Service

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Transport Secretary sticks it to Andy Burnham for supporting rail strikes and the mayor is NOT happy

"The North’s economy has an eye to the future; it cannot be served by a railway, nor elected Mayors, stuck in the past."

Manchester Evening News

Russia: New EU sanctions will hurt global economy, hopes for food export progress

Russia's foreign ministry on Thursday said the latest round of European Union sanctions were illegitimate and would have "devastating consequences" for security and parts of the global economy.

Reuters

What is the money supply, and how does it relate to inflation and the Federal Reserve?

Changing the amount of money there is in the economy is one of the main ways the Federal Reserve tries to control inflation.

USAFacts

Trouble In Foreign Markets Could Give The U.S. It's Next Leg Up

I was to say the least intrigued by a headline I saw in the news this morning about tanks being used to keep protestors at bay in China, but the protestors were depositors and the tanks were keeping them away from banks.

Benzinga

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‘Advantage New Delhi’ in Sri Lanka’s India lifeline

There is much potential in the humanitarian aid link now to deepen trade and investment linkages

The Hindu

China's economy faces multiple challenges but what might those pressures mean for Australia?

From a banking crisis to property market slumps, China's economy is under stress and the country also recently recorded its lowest quarterly growth rate figure since 1990. What might those challenges mean for Australians?

ABC News

Free flow of data key for global internet: Google

NEW DELHI: Tech titan Google on Thursday advocated free flow of information for global internet and digital economy, while cautioning against creation of "damaging or harmful impediments" on cross-border data transfers.

The Times of India

Who gains or loses, what's next in Italy crisis

Italian Premier Mario Draghi's decision to turn in his resignation after his “unity” coalition broke apart dramatically in Parliament was the latest step in a political crisis that could take months before a new government is solidly in place to lead the European Union's third-largest economy

The Independent UK

ADB cuts India GDP forecast for FY23 to 7.2% on Covid, war impact amid inflationary pressure

NEW DELHI: Asian Development Bank (ADB) on Thursday trimmed India's economic growth forecast for current fiscal year to 7.2 per cent from 7.5 per cent as pandemic and war impact is weighing down alongside inflationary pressures.

The Times of India

Analysis-Race for Downing Street drives tax policy split into UK Conservatives

Differences over how to revive Britain's slow-growth, high-inflation economy could hardly be starker within the ruling Conservative Party as the two remaining contenders to become its new leader, and thereby prime minister, clash over tax.

Reuters

Truss v Sunak: how do Tory PM contenders differ on policy?

What promises are leadership rivals making in terms of economy, climate, education and levelling up?

The Guardian - UK

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Input

How DoorDash delivery drivers became the new YouTube stars

The gig workers who get your food to you on time (hopefully) are sharing behind-the-scenes footage on social media.

Newsroom.co.nz

How inflation pressures will make our economy fighting fit

Price pressures will force our economy to become more flexible and efficient – and thus less vulnerable to embedded inflation.

Evening Standard

Amateur investors keep on punting while professionals avoid shaky stock market

PROFESSIONAL investors are sitting on the sidelines nervous about the economy and wobbling markets, but the amateurs are still piling in, figures from two top City firms today suggest.

The Independent UK

Myanmar's economy fragile as fighting, inflation hit poor

Reports by the World Bank and other experts say army-ruled Myanmar's economy remains fragile as civil strife, inflation and onerous policy decisions add to troubles facing farmers and businesses

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The Guardian - UK

Tory leadership race: Rishi Sunak calls himself ‘common sense’ Thatcherite – as it happened

Former chancellor says UK ‘needs to control borders’ and again references Margaret Thatcher

The Guardian - UK

How reliant is Germany – and the rest of Europe – on Russian gas?

As Russia reopens Nord Stream pipeline at lower capacity, pressure remains to reduce consumption and dependency on Russia

Asharq Al-Awsat

US, Africa Business Summit Discusses 'Building Future Together'

Moroccan Foreign Minister Nasser Bourita has said that Africa needs active partners who do not exploit short-term opportunities, noting that it is time for the continent to reap the fruits of its potential and play its pivotal natural role in the international arena. "It is time for Africa to reap…

Al Jazeera

Profile: Ranil Wickremesinghe, Sri Lanka’s new president

The veteran politician has been elected president by the members of Sri Lanka’s parliament.

The Independent UK

Liz Truss: Who is the foreign secretary hoping to become Prime Minister?

Social media savvy ‘human hand grenade’ seen as continuity candidate and faces uphill battle to displace Rishi Sunak

The Independent UK

Asia shares slip on inflation, China fears despite US rally

Asian shares have mostly fallen on persistent concerns about inflation and the Chinese economy, despite an overnight rally on Wall Street

The Guardian - UK

Interest rates: the three central banks facing one tricky balancing act

In the fight against inflation the ECB, Bank of England and Federal Reserve risk either doing too much too soon, or too little too late

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