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The Latest Breaking News from Economy

Bank of England ‘duty bound’ to trigger recession to curb inflation

Ex-official says policymakers must shrink the UK economy to limit upward pressure on prices made worse by Brexit

The Guardian - UK

Italy is launching a digital nomad visa

Italy will soon roll out a new visa that allows remote workers to live in Italy even though their jobs are based abroad. Supporters hope it will attract high-earning workers and spark innovation.

WEKU

Maharashtra set to become first State with a trillion dollar economy, says Governor Bhagat Singh Koshyari

Despite thorny relations with the MVA government, Koshyari lauds its pandemic efforts

The Hindu

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

OPEC Fund to Finance Nigeria-Morocco Gas Pipeline

The OPEC Fund for International Development agreed with Morocco to finance the second phase of feasibility studies of a submarine gas pipeline with Nigeria, said Moroccan authorities. The legal documentation relating to the $14.3 million financing granted by the OPEC Fund to the National Office of Hydrocarbons and Mines (ONHYM)…

Asharq Al-Awsat

Newport's changing identity: The city that always seems to take one step forward and two steps back

With a brand new market and the promise of major investment, where is Newport headed?

Wales Online

The sound you can hear is the dying groans of a clapped-out government

The Tories are a scandal-ridden party that is simply bereft of ideas or direction

The Guardian - UK

Vladimir Putin ready to ‘declare all-out war on Ukraine as payback for botched invasion’

Vladimir Putin is poised to announce an all-out war on Ukraine, months after barring Russian media from referring to his nation’s invasion as a “war”.

Daily Record

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IPL 2022 | Happy but never satisfied, says Punjab Kings’ Arshdeep on his performance

Arshdeep has not picked up too many wickets but his economy rate in the death overs and clear approach are noteworthy

The Hindu

‘What am I going to do?’: soaring prices fuel calls for US government to step in

Large corporations are passing on higher-than-needed price increases to customers under the cover of inflation, war and supply chain squeezes, experts say

The Guardian - US

Vladimir Putin about to 'declare all-out war on Ukraine as payback for botched invasion'

Vladimir Putin is poised to declare an all-out war on Ukraine, according to Russian sources and Western officials, months after barring media from referring to his nation's invasion as a "war"

Daily Mirror

Netflix seen as a partner to help promote Thai tourism

The Ministry of Natural Resources and Environment plans to partner with Netflix to promote the tourism industry as a soft power tool to stimulate the country's economy during the post-pandemic period.

Bangkok Post

BoT: Economy still on the road to recovery

While higher inflation agitated Thais and slowed the country's economy in March, the outlook remains a path towards recovery, according to the Bank of Thailand.

Bangkok Post

3 Gold Stocks to Scoop Up as Economic Uncertainty and Inflation Keep Increasing

The U.S. economy shrank 1.4% in the first quarter of 2022, and gold prices reacted positively to the news. As a safe-haven asset, gold demand has surged amid uncertainties surrounding the economy and stock market. Hence, we think gold stocks Gold Fields (GFI), Yamana Gold (AUY), and DRDGOLD (DRD) might…

StockNews.com

3 Trucking Stocks to Avoid with Increasing Fears of Oversupply and Recession

Supply chain disruptions have led to rising trucking rates, and those rising rates have been attracting more supply. Furthermore, many analysts expect the economy to suffer a recession due to aggressive interest rate hikes and rising geopolitical tensions. With the possibility of oversupply and recession, we think it could be…

StockNews.com

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Miami Herald

The Week Ahead: Signs of confidence and concern among consumers

As consumers, we are a fickle bunch. Job prospects, high gasoline prices, rising interest rates, war in Ukraine, COVID-19 and politics are just some the headwinds faced by the largest share of the American economy — consumption.

France 24

Latest Kyiv attack 'clear sign of disrespect for the UN': Germany's Franziska Brantner

Germany has been in focus this week after lawmakers in the Bundestag on Thursday overwhelmingly backed a decision to send heavy weapons to Ukraine. Meanwhile, as Russia cut off gas supplies to EU member states Poland and Bulgaria over their refusal to pay for the fuel in roubles, Germany remains…

The Times of India

China facing 'tsunami' of Omicron, says top official as Shanghai, Beijing battle to curb Covid spread

BEIJING: China is facing a"tsunami" of Omicron, a senior official said on Friday, as the country reported over 20,000 Covid-19 cases with its largest city Shanghai continuing to reel under lockdown for over three weeks while over 21 million people in capital Beijing underwent third nucleic acid test amid the…

Al Jazeera

Infographic: How expensive are everyday items in Nigeria?

Since 2016, the Nigerian economy, Africa’s largest, has suffered two recessions; prices of necessities have soared.

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Benzinga

How Rapid Inflation Can Work For You

Over the past year, the money supply in the United States has grown at an unprecedented rate and these alarming trends are showing significant signs of acceleration as coronavirus stimulus programs continue to pump trillions of dollars into the economy.

The Independent UK

A key inflation gauge jumped 6.6% in March, most since 1982

An inflation gauge closely tracked by the Federal Reserve jumped 6.6% in March compared with a year ago, the highest reading in four decades, further evidence that surging prices are pressuring household budgets and the health of the economy

StockNews.com

4 Stocks to Buy if You Think Inflation Will Keep Trending Higher in 2022

The economy is suffering its worst inflation in more than 40 years. In an inflationary environment, investors should look to bet on companies that possess sufficient pricing power, with products and services that face inelastic demand. Since many analysts expect inflation to continue trending higher despite interest rate increases, we…

Radio France Internationale

French economy flatlines, growth falls to zero in first quarter

French economic growth fell to zero in the first quarter of the year as households reduced their consumption due to rising inflation and the war in Ukraine, data showed on Friday.

Reuters

Gazprombank account not necessarily breach of sanctions -German Ministry

European energy firms can open special accounts with Gazprombank to pay for Russian gas, a key demand by Moscow, without breaching sanctions if transferring euros or dollars to them fulfils their contractual obligations, the German Economy Ministry said.

The Guardian - UK

Eurozone growth slips as Russia-Ukraine war pushes up energy costs

France’s economy stalls and Italy’s shrinks but Germany rebounds from contraction

Birmingham Post

Buoyant economy and housing market boost Danske Bank's Northern Ireland profits

The bank made £16.7M in the first quarter, up from £15.8M in the same period in 2021

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