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The Latest Breaking News from Economy

Factcheck: Scott Morrison says Australia is a world leader in Covid recovery. Is he right?

It wasn’t a race, the prime minister famously said, yet now he’s claiming the win. Here’s how the numbers –on jobs, vaccines and the economy – really stack up

The Guardian - AU

The Northern Ireland protocol is said to be a blight on regional economy. That’s just not true

After an initial shock to businesses, manufacturing jobs are growing four times faster here than the UK average

The Guardian - UK

Iraq's Prized Rice Crop Threatened by Drought

Drought is threatening the Iraqi tradition of growing amber rice, the aromatic basis of rich lamb and other dishes, and a key element in a struggling economy. The long-grained variety of rice takes its name from its distinctive scent, which is similar to that of amber resin.

Asharq Al-Awsat

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Recruitment campaign for Wales Tourism Week to help meet massive sector staff shortage

Many businesses are being held back by staffing challenges and Welsh Government wants to get more people into the sector

Birmingham Post

Rethinking Scotland: Can the nation lay down a vision of a new era?

WAY back in 1975, when a young Gordon Brown believed in social democracy, he edited what became the influential Red Paper on Scotland. Brown was…

The National (Scotland)

Why the UK’s dire rates of sick pay bode ill for the economy

Only the US and South Korea take less care of those off work ill. Experts call it ‘reckless and counterproductive’

The Guardian - UK

This game could damage the world economy: Frankfurt gripped by final fever as fans dream of greatest ever glory

SEEING his beloved Eintracht Frankfurt lose on penalties to Chelsea in the Europa League semi-final back in 2019 was devastating for uber fan Alex…

The National (Scotland)

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State of economy cause of 'extreme concern': Chidambaram

Senior Congress leader Chidambaram said a slower rate of growth has been the "hallmark" of the present government in the last eight years and the post-pandemic recovery has been "indifferent and halting"

The Hindu

P Chidambaram: State of economy cause of 'extreme concern'

Senior Congress leader P Chidambaram on Saturday said taking into account global and domestic developments, it may be necessary to contemplate a reset of economic policies.

Dynamite News

Richard Irvin is not yet speaking loudly to the top GOP voter concern: the economy

The fact that Irvin is only attracting less than a quarter of the primary vote after Griffin’s campaign donation ought to be hugely concerning. But there’s still time to crack the ceiling.

Chicago Sun-Times

Is There Money In Freelance Trading?

By Z Halliwell Self-employment and the gig economy have seen a rise in popularity as alternative employment in recent years. In fact, there are currently 53 million freelancers in America right now - making up an incredible 34% of the overall workforce. Which begs the question: if freelancing is the future…

Benzinga

Tax cut for California pot industry: Too little, too late?

Gov. Gavin Newsom is proposing a temporary tax cut for California's ailing marijuana industry, but businesses say it falls short of what's needed to revive the shaky pot economy

The Independent UK

Why Is the Pandemic Death Toll among Workers Still a Mystery?

COVID-19 didn’t spare workers in manufacturing, but two years on, information about their deaths remains hard to find

The Walrus

LETTERS: Trams, traffic, transformation: What's true?

Newcastle Herald readers have their say

Newcastle Herald

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Reuters

Yellen to meet Polish prime minister at start of trip to G7 finance meeting

U.S. Treasury Secretary Janet Yellen will meet with Polish Prime Minister Mateusz Morawiecki on Monday to discuss how Russia's invasion of Ukraine affects Poland's economy as part of a week-long trip that also will take her to Brussels and a G7 finance leaders meeting in Germany.

StockNews.com

2 Warren Buffett Stocks to Buy in May

Due to various macroeconomic and geopolitical concerns, the stock market has remained volatile since the beginning of the year. Major indices have been pushed into correction territory, and the U.S. economy is on the edge of a recession. Amid the current environment, renowned investor Warren Buffett’s top portfolio holdings could…

France 24

Hungary 'holding EU decision makers hostage' over Russia oil embargo: Lithuanian FM

Hungary's government is "holding European Union decision makers hostage" by refusing to join an EU-wide embargo on Russian oil, according to Lithuania's foreign minister. This comes as EU leaders continue their efforts to gather support for a sixth sanctions package on Russia from all 27 EU member states. The government…

Benzinga

Aluminum Inventories Reach A New Low, Prices Plunged

Aluminum available for withdrawal at London Metal Exchange warehouses fell to a record low. Still, the latest sign of supply shortages isn’t enough to break the pessimistic sentiment that is ruling metals markets as demand worsens, writes Bloomberg. On-warrant aluminum inventories fell 9.7% to 260,275 tons, breaking a record set in…

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Bangkok Post

Royal Ploughing Ceremony foresees abundant water, food

The Royal Ploughing Ceremony was held on Friday morning at Sanam Luang, Bangkok, marking the traditional start of the rice-growing season. The ceremony, presided over by Their Majesties the King and Queen, predicted abundant water and a prosperous economy for 2022.

The Guardian - UK

Households falling into poverty isn’t inevitable. Here’s how we can prevent it

With inflation set to reach 10% and wages falling short, ministers can’t ignore the crisis affecting ever more voters, says the IPPR’s Carys Roberts

Bangkok Post

Quickening Malaysia growth supports central bank’s rate-hike move

Malaysia’s economy grew at a faster-than-expected pace in the first quarter of the year, vindicating the central bank’s hawkish pivot to fight inflationary pressures.

Bangkok Post

Poll: Economy likely grew modestly in Q1

Thailand's economy likely grew modestly in the first quarter, thanks to robust exports and an easing of Covid-19 restrictions and despite low tourist arrivals and high inflation dampening consumer spending, a poll found.

The Independent UK

Sri Lankan power family falls from grace as economy tanks

With one brother president, another prime minister and three more family members cabinet ministers, it appeared that the Rajapaksa clan had consolidated its grip on power in Sri Lanka after decades in and out of government

France 24

They're back! Why is France so popular with tourists?

Recent visitors to France will no doubt have noticed the return of foreign tourists. Two years of Covid-19 took a heavy toll on what is otherwise a booming business and an important part of the French economy. Now things appear to be looking up again for the tourist industry. For…

The News Lens

China Faces Grim Economic Prospects, Experts Say

Analysts say the slowdown is attributable not only to China’s Covid policies but also to a crackdown on private enterprise, especially in the technology sector.

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