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The Latest Breaking News from Economy

Authorities to drive ahead with oil plan

Energy authorities are continuing their push for the National Oil Plan, aiming to generate 170 billion baht for the Thai economy through a range of projects, including further development of cleaner energy, says the Department of Energy Business.

Bangkok Post

Billionaire investor Stanley Druckenmiller warns there are 'more shoes to drop'—Silicon Valley Bank was ‘probably the tip of the iceberg’

Billionaire investors are worried. Stanley Druckenmiller sees a "hard landing" on the way and bond king Jeffrey Gundlach is warning that economic indicators are now "full-on recessionary."

Fortune

How Russia is shifting to a war economy in the face of international sanctions

As Russia’s progress in Ukraine has stalled, with enormous losses in material and people, the frustrated head of the Wagner mercenary force Yevgeny Prigozhin has called for Russia to shift to a total war economy:

The Conversation

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

Scotland’s deposit return scheme delayed for fourth time

Scottish circular economy minister Lorna Slater said it will not now begin until October 2025 ‘at the earliest’.

The Independent UK

Connswater Community Greenway investment boosts local economy. study shows

For every £1 spent on the Connswater Greenway - at least £1.34 generated for local economy

Belfast Live

The economy is slowing yet the RBA seems desperate to ensure this is as good as it gets for a long time

Record interest rate rises are intended to stop households from spending, even though the economy is already in a precarious position

The Guardian - AU

Valvoline (VVV) Could Be a Cynical Trade as Employers Crack the Whip

With the return-to-work debate taking on a more aggressive tone, Valvoline could be a beneficiary as the office-adjacent economy comes back to life.

Barchart

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Scottish deposit return scheme delayed to October 2025 ‘at the earliest’

Scottish circular economy minister Lorna Slater blamed the UK Government.

The Independent UK

The news from a Mozambique landfill site – Mário Macilau’s best photograph

‘The men who roam this dump play an important role in the economy, but they are marginalised. I was warned they were “uncivilised”, that they would steal my camera, attack me, even kill me’

The Guardian - UK

Erdogan’s Wall Street Guy Is Back to Replenish Wiped-Out Coffers

Investors soured on Turkey’s contrarian economic policies. New Finance Minister Mehmet Simsek might just be able to bring enough of them back.

Businessweek

Treasurer signs off on cheques with reforms to the way we pay

Jim Chalmers has announced changes are on the way for Australia's payments system, with cheques and direct debits among the most major.

The New Daily

Economy slows to a crawl as consumers cut spending

Australia’s economy is slowing rapidly as families slash spending and raid their savings to deal with the cost of living crisis.

The New Daily

Deputy PM in bizarre King's coronation rant after SNP economy question

THE SNP’s Mhairi Black was left bemused at Prime Minister’s Questions after her question on the economy was answered by a rant about the…

The National (Scotland)

China’s exports tumble further as global demand falters

Analysts downgrade expectations for the economy for remainder of 2023 as factory output continues to slow.

Al Jazeera

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The Independent UK

Rishi Sunak goes to Washington with Ukraine, economy and AI on agenda for Biden meeting

The war in Ukraine is top of British Prime Minister Rishi Sunak’s agenda as he starts a two-day trip to Washington

The Independent UK

Edmunds compares the 2023 Honda HR-V and Toyota Corolla Cross

As car shoppers continue to flock from economy cars to small SUVs, sales are booming for this budget-conscious sport-utility segment

The Independent UK

Why has Saudi Arabia become big player in world sport and what does future hold?

The country sees sport as vital to diversifying its economy and encouraging activity among its citizens.

Axios

Exclusive: CEOs increasingly foresee a "soft landing" for the economy

Companies are expanding their spending plans — that’s not recessionary.

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Bangkok Post

OECD lifts world GDP growth forecast to 2.7%

PARIS: The OECD slightly raised its growth outlook for the world economy on Wednesday as inflation eases and China has dropped Covid restrictions, but it warned the recovery faces a "long road".

The Conversation

Going down: the 6 graphs that show Australia's economic growth shrinking

The latest national accounts tell us Australia’s economy grew by just 0.2% in the three months to March.

The National (Scotland)

UK to have one of the highest inflation rates of any developed economy, OECD warns

THE UK will have one of the highest inflation rates of any major developed economy this year, the Organisation for Economic Co-Operation and…

The Independent UK

Persistent inflation, rising interest rates will weigh on global economy, OECD predicts

The global economy is bouncing back from an an energy price spike fed by Russia's invasion of Ukraine

The Independent UK

Britain’s economy to suffer second worst growth in G7 this year

New analysis reveals only Germany will perform worse than UK, despite improved growth projections

360info

Time to rethink humanity's relationship with the oceans

The COVID-19 pandemic exposed the fragility of economic systems focused solely on economic growth.

The Guardian - AU

Australian economy grew 0.2% in first three months of the year, the slowest since Covid lockdowns

Jim Chalmers says higher interest rates and cost-of-living pressures are squeezing household budgets and slowing the economy

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