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The Latest Breaking News from Economy

To reconstruct Turkey, rebuild its democracy

The devastating earthquakes that killed more than 50,000 people in Turkey (and at least 7,000 in northern Syria) in February have exposed deep-rooted problems in the run-up to potentially epochal presidential and parliamentary elections on May 14. Turkey, it is now clear, needs more than a change of government; it…

Bangkok Post

Fitch expects growth to be restricted to 3% this year

The Thai economy is set to expand by only 3% this year, well below the Bank of Thailand's forecast of 3.6%, due to rising risks of a deeper slowdown in the global economy stemming from increasing uncertainty and banking stresses in the US and Europe, said Fitch Solutions.

Bangkok Post

Oil surges most in a year after OPEC+’s shocking production cut

Oil rallied the most in more than a year after OPEC+ unexpectedly announced output cuts that threaten to tighten the market and deliver a fresh inflationary jolt to the world economy.

Tribune News Service

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'Extending free school meals is an investment in the potential of every single child'

Tesco chairman John Allan urged ministers to give free school meals to all children in households receiving Universal Credit to fire up the economy and improve children's life chances

Daily Mirror

Combined Authority could step in to help threatened Liverpool tourist centre

A review is taking place on the future of the Liverpool ONE-based location

Liverpool Echo

Forbes plans ‘heavy thinking’ on policy while out of Scottish Government

Former finance secretary vows to be 'thoroughly engaged' in debate on nation's economy

Insider UK

Govt says police closing in on hacker

Police are closing in on the hacker who threatened to release data stolen in an alleged security breach affecting 55 million Thais, said Digital Economy and Society (DES) Minister Chaiwut Thanakamanusorn.

Bangkok Post

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Caixin China New Economy Index Shrinks on Decline in Capital Investment

The gauge that tracks the size of high value-added industries such as biotech dropped 1.2 points to 28.3 in March

Caixin Global

DWP work crackdown to urge more autistic people into employment

The Government says the initiative will "spread opportunity, close the employment gap and grow the economy"

Nottingham Post

Reducing Oil Production: A New Pillar to Support Global Economic Conditions

In support of the stability of the global oil markets, and the enhancement of the balance between supply and demand, the member of the Organization of Petroleum Exporting Countries (OPEC) and the producing countries within the OPEC+ have decided to implement a voluntary reduction of crude oil production. Experts described…

Asharq Al-Awsat

Manchester leaders want 'decisive action' over TransPennine Express amid 'deep concern'

TransPennine Express and Avanti West Coast have faced calls for their contracts to be axed due to their performance

Manchester Evening News

Leaders of Egypt, Saudi Arabia meet after months of tension

The leaders of Egypt and Saudi Arabia have met in the kingdom amid months of tension between the two regional powers

The Independent UK

Boost the economy by offering routine NHS surgery at the weekend – report

Analysists have said that helping people return to work or increase their hours could boost the economy by billions.

The Independent UK

German Vice Chancellor Habeck arrives in Ukraine on surprise visit

German Vice Chancellor Robert Habeck has arrived in Ukraine on a surprise visit, Germany's energy and economy ministry said on Monday, in his first trip to the country since the outbreak of war.

Reuters

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Birmingham Post

Business leaders call for 'decisive action' over TransPennine Express contract as concerns grow over impact to region's economy

TransPennine Express' contract is due to expire at the end of May

Bangkok Post

Ministry strives to shut down hacker's website

The Ministry of Digital Economy and Society (MDES) will ask the court to close down a website that hacked the personal information of 55 million Thais after finding more clues about the hacker.

Tribune News Service

OPEC+ makes shock million-barrel cut in new inflation risk

OPEC+ announced a surprise oil production cut of more than 1 million barrels a day, abandoning previous assurances that it would hold supply steady and posing a new risk for the global economy.

Bangkok Post

Thais 'fighting wars on many fronts'

Today, election campaign excitement clicks up a notch as candidates parade into designated venues in their provinces to apply to run for seats in the May 14 poll.

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Reuters

Montenegro's ex-Economy Minister Jakov Milatovic declares victory in run-off presidential vote

Montenegro's former Economy Minister Jakov Milatovic declared victory in a presidential election run-off on Sunday, ahead of long-standing incumbent Milo Djukanovic.

Barchart

Jobs, PMI and Other Key Things to Watch this Week

This upcoming week has plenty of things to look forward to though as we enter the busy part of the monthly News cycle. More inflation data is due, as well as many of the March monthly numbers such as Non-farm payrolls and JOLTS, and ADP.

Reuters

Egypt's Sisi visits Saudi Arabia amid financial pressure, regional realignment

Egyptian President Abdel Fattah al-Sisi visited Saudi Arabia on Sunday, Saudi state news agency SPA said, as Cairo seeks financial inflows to ease pressure on its currency and bolster a faltering economy.

Nottingham Post

Nottinghamshire town divided over plans to turn Grade II-listed building into nightclub

The council and applicant hope the building will be able to stimulate the town's night time economy

The Guardian - UK

UK spending on trying to halt the flow of refugees is a classic false economy

The government is spending five times more on refugees in the UK than it allocates in aid to Africa

Asharq Al-Awsat

S&P Revises Oman’s Outlook to ‘Positive’

S&P Global Ratings has revised Oman’s outlook to positive and affirmed its ratings at 'BB', in light of improving fiscal performance. S&P said in its credit rating report on the Sultanate issued Saturday, that the revised outlook came as a result of the reform measures undertaken by the government in…

Asharq Al-Awsat

IMF Approves $15.6 Bln Ukraine Loan

The International Monetary Fund said on Friday its executive board approved a four-year $15.6 billion loan program for Ukraine, part of a global $115 billion package to support the country's economy as it battles Russia's 13-month-old invasion. The decision clears the way for an immediate disbursement of about $2.7 billion…

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