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The Latest Breaking News from Economy

Stocks to Fall MUCH FURTHER this Bear Market Cycle

Spoiler alert...the bear market is not over. Unfortunately history shows that the S&P 500 (SPY) has much further to fall to squeeze out excess valuation. That is just a natural part of the bear market process that is properly explained in this timely market commentary. More importantly, this commentary provides…

StockNews.com

‘Digital economy to contribute US $ 1 trillion ’

VADODARA: Digital economy will contribute US$ 1 trillion in the projected US$ 5 trillion Indian economy. This is what Rajeev Chandrasekhar, union minister of state for electronics and information technology, skill development and entrepreneurship, said here on Tuesday.

The Times of India

Nissan Juke Hybrid review: 'New car offers style and comfort, but not the best economy'

Colin Goodwin says the new Nissan Juke Hybrid Tekna compact crossover - whichcosts £28,750 - has aslightly different styling to its conventional cousins with a partially blanked front grille

Daily Mirror

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Kim Jong-Un Braces For Another Jolt To North Korea Economy Due To Anticipated Floods

North Korea's beleaguered economy, which recently bore the brunt of COVID-19 for the first time, is again in trouble as the country braces for floods with the early monsoon.

Benzinga

China cuts travel quarantine in biggest COVID zero shift yet

China reduced quarantine times for inbound travelers by half, the biggest shift yet in a COVID-19 policy that has left the world’s second-largest economy isolated as it continues to try and eliminate the virus.

Tribune News Service

'Influencer' is now a popular career choice for young people – here's what you should know about the creator economy's dark side

A 2019 poll found that children would rather be YouTubers than astronauts. It made headlines and led to plenty of grumbling about “kids these days”. But it’s not surprising that young people – up to 1.3 million in the UK – want to make their income by creating social media…

The Conversation

Yemeni currency devaluation persists, despite new leadership

President Rashad al-Alimi has toured the Gulf looking for more funds for the country’s war-damaged economy.

Al Jazeera

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The West’s economic war with Russia is at a stalemate

Russia’s economy is expected to contract by 10% this year — but in the West, high energy and food prices have eroded support for leaders.

Axios

Oil and gas contributes £16bn to Scottish economy, new study finds

THE oil and gas sector contributes £16 billion to the Scottish economy and provides more than 82,000 jobs, new research by a trade body for the…

The National (Scotland)

Uber and Transport Workers’ Union strike agreement on gig economy employment standards

Ride-sharing giant and union support an independent regulatory body to create industry-wide standards and resolve disputes

The Guardian - AU

Saudi Arabia Wishes to Explore Investment Opportunities in Egypt's Real Estate

Saudi Arabia plans to enhance cooperation and expand in Egypt during the coming period, announced the head of the Saudi National Real Estate Committee. Speaking at the Saudi-Egyptian Real Estate Forum, Chairman Mohammad al-Murshed asserted the strong desire to boost and expand cooperation with Egypt by taking advantage of the…

Asharq Al-Awsat

Thai economy seen growing 3.5% on tourism, exports

The Thai economy is expected to grow about 3.5% this year, driven by stronger tourism and exports, Finance Minister Arkhom Termpittayapaisith said on Tuesday.

Bangkok Post

Saudi Arabia, Italy to Boost Comprehensive Strategic Partnership

Saudi Arabia and Italy underscored on Monday their strategic relations and determination to further expand their economic partnership. Addressing the Saudi-Italian Investment Forum being in Riyadh, Saudi Finance Minister Mohammad al-Jadaan discussed the national economy and the "enormous" investment opportunities available. He said his country is going through an economic…

Asharq Al-Awsat

Northern Ireland post-Brexit 'protocol' hurting some, a boon for others

Irwin Armstrong, a former chair of Boris Johnson's Conservative Party in Northern Ireland, has a simple message for the British Prime Minister when it comes to the province's unique post-Brexit trade rules: Don't ruin a good thing.

Reuters

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The Guardian - UK

Firms are driving up inflation - why doesn’t Johnson talk to them about restraint?

The government expects workers to shoulder the burden – while price spikes mean huge windfalls for some companies, says Carys Roberts of the IPPR

Tribune News Service

Chevron will sell vast San Ramon headquarters, move jobs to Texas

SAN RAMON, California — Chevron intends to sell its vast headquarters campus in San Ramon, keep its head offices in the same East Bay city and shift jobs to Texas, a move that could deal a fresh blow to the Bay Area economy.

Bangkok Post

BoT predicts global recession evaded

The Bank of Thailand estimates the global economy will slow down next year, but not dip into recession amid attempts by central banks worldwide to contain higher inflation rates.

Bangkok Post

Household debt crisis looms as rates hike

With interest rates set to rise in the second half of the year, increased household debt could deal a heavy blow to the Thai economy, weakening consumer purchasing power and slowing economic growth, according to KKP Research.

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Newsroom.co.nz

Why Europe’s next war could be between Greece and Turkey

Even if Turkey won militarily, it would only further destabilise its economy and isolate itself more from other Nato members, says Oliver Hartwich

Reuters

Ecuador indigenous leaders say gas price cut not enough, protests to continue

Ecuadorean indigenous organizations said on Monday a 10-cent per gallon cut to gasoline and diesel prices announced by President Guillermo Lasso was not enough to halt two weeks of protests which have hit the country's weakened economy and threatened its oil production.

The Conversation

Kenya and South Africa offer insights into digital economy challenges and alternatives

The World Bank is warning of the real danger of a massive economic downturn across the world. In a recent analysis it warned that many countries – including those in sub-Saharan Africa – will be facing economic challenges due to rising food and fuel prices.

Dynamite News

G7 nations unite to address evolving global food crisis due to Russia-Ukraine conflict

The Group of Seven (G7) leaders on Monday held discussions on the impact of Russia's war on food and energy supplies including the global economy and said the bloc is determined to support Ukraine in producing and exporting grain, oil, and other agricultural products as well as to address the…

Al Jazeera

Desperate for diaspora: Lebanon begs for a tourism cash injection

Lebanon, facing rampant power cuts and skyrocketing inflation, relies on the diaspora for hard currency.

Bristol Post

Bristol's night-time economy is bouncing back, figures show

£45.5m was spent on Visa transactions alone in last six months, city council meeting told

The Independent UK

Inflation: Does price-gouging drive up the current rate?

Furious about surging prices at the gasoline station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices and pocket the profits

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