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The Latest Breaking News from Economy

Permanent bank holiday to honour Queen 'highly unlikely', Downing Street says

It is unlikely we will get an extra bank holiday every year as it would cost the economy too much money

Manchester Evening News

‘I lost everything’: Somaliland market fire upturns life, economy

Residents and traders say the market in Hargeisa was an entire financial district and pivotal to Somaliland’s economy.

Al Jazeera

Biden Administration Reverses Trump's Effort To Open More Land For Oil Drilling In Arctic: CNBC

The Biden administration reversed a Trump administration plan that allowed the government to lease more than two-thirds of the country’s largest swath of public land to oil and gas drilling, writes CNBC. The Bureau of Land Management’s decision will shrink the amount of land available for lease in the National Petroleum Reserve in…

Benzinga

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Lincoln Education is Our Featured Stock of the Week

The tight labor market is making it clear that we are facing a severe shortage of workers in key industries. Today's featured stock of the week, Lincoln Education (LINC) offers vocational training that can help the economy train workers for these new roles.

StockNews.com

Prof Sam McConkey says Ireland has done 'exceptionally well' with Covid despite death toll rising above 7,000

Prof McConkey also said that Ireland's economy also managed to withstand the pandemic better than other countries

Irish Mirror

Thailand Roadshow to Japan Reinforces Commitment to Partnership and Future Investments in EV, BCG and Electronics

Mr. Supattanapong Punmeechaow, Thailand’s Deputy Prime Minister, said that the investment promotion roadshow he recently led to Japan has reinforced a joint commitment to deepen bilateral cooperation and develop a co-creation partnership to lead future investments in electric vehicles (EV), smart electronics and green technologies in particular, that will drive…

Bangkok Post

Expo 2020 Dubai Awards $1.8 Bln in Contracts to SMEs

Expo 2020 Dubai awarded AED 6.8 billion (around $1.8 billion) of contracts to small and medium-sized enterprises (SMEs), providing a significant contribution to a vital sector of Dubai’s vibrant economy and exceeding a commitment made in 2016 to award at least 20% of all direct and indirect spend to SMEs.…

Asharq Al-Awsat

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Individual Investors Doubled in Saudi Financial Markets

Recent official data revealed that over 4.7 million subscribers per capita are active in the proposals of financial markets in Saudi Arabia, according to the 2021 annual report of the Saudi Capital Market Authority (CMA). The annual report stated that the number of individual investors in IPOs jumped 4.7 times,…

Asharq Al-Awsat

Asian shares advance on back of rally on Wall Street

Asian shares are mostly higher after U.S. stocks stormed back from sharp losses to log strong gains

The Independent UK

AGL and NuRock tap into the potential of coal ash recycling

Coal ash is possibly the largest pollution legacy of coal-fired power production in the Hunter yet remarkably it receives relatively little attention in discussions about the region's transition to a clean energy economy.

Newcastle Herald

Calls for over-the-top video industry to be self-regulating

Over-the-top (OTT) businesses should be self-regulating to ensure operational flexibility and enhance the business environment, which would be a boon for the labour market and the economy, according to a seminar held by Asia Internet Coalition, an industry association that gathers leading Asia-Pacific internet companies.

Bangkok Post

Liverpool City Region hopes to generate billions as country's ‘innovation engine’

Unveiled by Metro Mayor Steve Rotheram, the plan aims to showcase and attract investment for projects that could deliver £40bn for the region’s economy

Liverpool Echo

'Time for economic pivot,' says Arkhom

Thailand should focus on reviving the economy ahead of injecting money into Covid-19 relief programmes, Finance Minister Arkhom Termpittayapaisith said on Monday, in a move perceived to signal a scaling down of financial aid for victims of the pandemic.

Bangkok Post

There's a lot of talk about recession. What should you believe?

In spring two years ago, the coronavirus pandemic threw the U.S. economy into recession. Last spring, the proliferation of vaccines swung it into a rapid expansion.

Tribune News Service

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Bangkok Post

Japan pushes new diplomatic profile

During Golden Week, around the first week of May, Japanese politicians will usually spend time at home with their constituencies and families. Not the prime minister of Japan, Fumio Kishida, however. He knows full well that as the world's third-largest economy, Japan's wider diplomatic and security profile in the era…

Tribune News Service

Will the Fed cause a recession by raising rates? Here’s what experts are saying

High inflation comes with a heavy economic price, but so can the Federal Reserve’s attempts to get it under control.

Al Jazeera

Zimbabwean youths find cheap highs in used diapers, sanitary pads

Experts say the prevalent drug abuse highlights a lack of social nets as Zimbabwe’s economy continues to tank.

Tribune News Service

Xi puts ideology before economy with market-busting lockdowns

China’s worst equity selloff since early 2020 reflects a growing concern about President Xi Jinping: He can’t afford the political costs of shifting from a COVID Zero strategy that is pummeling the economy.

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Wales Online

Cheap flights as Aer Lingus slashes fares to New York and Orlando in flash sale

Super savings can be made on daily services from Manchester with discounts of £100 off economy fares and £300 off business class

Caixin Global

Opinion: Will U.S. Rate Hikes Send Chinese Stocks and Bonds Tumbling?

It depends on whether the slowdown in Chinese economy can be reversed

Bristol Post

Cost of living crisis not hit Clifton's upmarket butchers - yet

"The health of an entire economy can in many respects be determined by the cuts of meat people buy"

France 24

What are the economic challenges facing Macron in his second term?

With Emmanuel Macron having secured a second term in office, we take a closer look at the French president's economic proposals for the next five years. From inflation to the energy crisis to the cost of living, Macron has laid out specific measures in a bid to fix the many…

Los Angeles Times

What will it take for Germany, Europe’s heavyweight, to stand up to Russia?

As the savage war in Ukraine continues, the world expects Germany, Europe’s largest economy and a political heavyweight, to play a central role in the fight to isolate and stop Russia. But how serious is Germany about supporting Ukraine?

Birmingham Post

East Midlands Freeport makes £25m case for next stage of tax free status

Government says East Midlands tax sites will support 61,000 jobs and bring extra £8.9bn into the local economy over 30 years

France 24

Macron re-elected as French voters hold off Le Pen’s far right once more

French President Emmanuel Macron has seen off his far-right rival Marine Le Pen to secure five years more years at the helm of Europe’s second economy. But the narrowing margin of victory and an increasingly polarised nation herald another rocky term for the incumbent, whose success was tarnished by the…

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