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The Latest Breaking News from Economy

Shanghai Reports Zero Covid Cases for 1st Time Since Outbreak

China reported zero new Covid-19 infections in Shanghai for the first time since March on Saturday, as the country's latest outbreak subsides after months of virus-spurred lockdowns and restrictions. China is the last major economy still committed to a zero-Covid strategy, stamping out new cases with a combination of targeted…

Asharq Al-Awsat

3 Tech Stocks to Buy as Inflation Expectations Ease

With the economy slowing and oil prices down by about 20% over the last couple of weeks, odds are increasing that inflation could be turning lower. This could be a catalyst for high-quality tech stocks such as Microsoft (MSFT), Veeva (VEEV), and Expedia (EXPE).

StockNews.com

Beware the global ripple effect from Fed rate hike

At its June 14-15 meeting, the Federal Reserve decided to hike its Fed Funds Rate by 75 basis points, the largest single hike since 1994, to 1.5-1.75% in order to tame inflation.

Bangkok Post

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3 Top-Rated High-Dividend Stocks Under $20

The Fed’s aggressive interest rate hikes in the face of the rising inflation are raising the possibility of the economy tipping into a recession. Given the market uncertainties, high-dividend stocks Sisecam Resources (SIRE), Grindrod Shipping (GRIN), and Alliance Resource (ARLP), which are currently trading under $20, could be an ideal…

StockNews.com

Ontario premier Ford vows to rebuild economy, unveils new Cabinet

Doug Ford took the oath of office for a second term as the premier of Canada's most populous province on Friday with a promise to build highways and homes, and rebuild Ontario's economy.

Reuters

As cost of living bites, more Australians are seeking second-hand bargains — many of them online

As cost of living bites, more Australians are seeking second-hand bargains — but some would prefer you keep that a secret.

ABC News

Chidambaram flays government over state of economy

Is the Indian economy really in the “pink of health”, former Finance Minister asks

The Hindu

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3 Strong Stocks That Are Bucking The Downward Trend

Growing concerns over the multi-decade high inflation and the Fed’s tighter monetary policy have kept the stock market under tremendous pressure lately. Furthermore, analysts are raising the odds of the economy sliding into a recession. Amid this environment, it could be wise to invest in fundamentally sound stocks, Adams Resource…

StockNews.com

Impoverished Gaza economy struggles under Israeli blockade

Approximately 300,000 workers are unemployed, with 80 percent of factories closed since the beginning of the blockade.

Al Jazeera

New monitor to help deliver 'fairer, healthier and greener' economy, says Kate Forbes

A NEW monitor is set to be used by the Scottish Government to help deliver its ambition of a fairer, healthier and greener economy.

The National (Scotland)

Little Mix star Jade Thirlwall becomes latest to support safety scheme at her South Shields bar

Bar tenders, door staff and club managers at the popular venue took part in the training which educates night-time economy staff on vulnerability, identifying risks and their duty of care

Chronicle Live

Time to set aside differences and get back to governing, business tells Northern Ireland politicians

NI Chamber says current stalemate is "extremely frustrating"

Birmingham Post

Ukraine war: EU leaders brace for tough winter as Russia tightens gas grip

BRUSSELS: European Union leaders are preparing for a further reduction in gas supplies from Russia, seeking ways to cushion the effects of the unprecedented crisis, as well as a surge in energy prices, on the region’s economy.

The Times of India

Remote Irish school has just one student enrolled for September as campaign is launched for more

Principal Bríd Ní Dhonnacha says that hosting students from the mainland is a tradition that greatly supports the local economy

Irish Mirror

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Reuters

German economy minister warns of industry shutdown amid gas shortage -Spiegel

Germany is heading for a gas shortage if Russian gas supplies remain as low as they are now, and certain industries would have to be shut down if there is not enough come winter, Economy Minister Robert Habeck told Der Spiegel magazine.

The Guardian - AU

What does the Reserve Bank’s 3.5% pay rise ‘anchor’ mean for Australian workers?

Inflation is predicted to reach 7% by year’s end but the RBA’s Philip Lowe says wages growth of about 3.5% will keep economy moving

The Guardian - AU

‘I must stay strong’: hardship for workers fleeing Sri Lanka’s broken economy

For many, leaving their country and their family behind to earn money overseas is the only option

The Independent UK

Consumer confidence falls to lowest level on record as inflation fears deepen

Index of optimism about the economy’s future plunges to minus 41 – the worst since polling began in 1974

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The Conversation

Beyond GDP: Jim Chalmers' historic moment to build a well-being economy for Australia

Australia’s new federal treasurer, Jim Chalmers, spoke regularly in opposition about a well-being budget and the need to measure more than just the traditional economic indicators.

The Independent UK

Powell: Fed must convince public it can tame inflation

As if their job weren’t hard enough at a time of raging inflation, Chair Jerome Powell and his Federal Reserve colleagues have to do more these days than decide just how much to raise interest rates without triggering a recession

The Guardian - UK

This summer of discontent should be a gift to Labour – so where are Starmer’s big ideas?

There’s never been a better time to capitalise on the Tories’ economic weakness, writes Guardian columnist Gaby Hinsliff

The Guardian - UK

Does David Frost’s claim that Brexit is working stack up?

Analysis: From the economy to Northern Ireland protocol, former chief negotiator has given his verdict

Reuters

Another election puts Israel's efforts to reduce cost of living on back burner

Israel's economy is expected to be resilient during yet another election cycle, but households will suffer as reforms to reduce the cost of living are likely to be shelved and state spending will be scaled back until a 2023 budget is approved.

The Guardian - UK

Look around, the Great Conservative Experiment has failed in the UK

Beneath the bluster, Conservative rule has become no more than shifting the blame for Britain’s problems, says Guardian columnist Andy Beckett

Al Jazeera

Germany moves closer to rationing gas as Russia cuts supply

German economy minister says the step reflected the ‘significant deterioration of the gas supply situation’.

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