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The Latest Breaking News from Economy

SC Asset Aims to Become the Go-To Condo Brand for the Younger Generation with Its Inclusive "Everybody's High-Rise" Philosophy

SC Asset Corporation Public Company Limited (SC), a leading high end luxury to economy real estate developer listed on The Stock Exchange of Thailand (SET), targets being Thailand’s ‘top-of-mind’ condominium brand among all segments, particularly young generations, by launching new condominium brands, taking “Everybody’s high-rise” as its brand philosophy as…

Bangkok Post

Interest rate hikes are not the only tool to fight UK inflation – here's what the government should do

Over the past year, interest rates have been rising rapidly around the world. The post-COVID economic recovery and Russia’s invasion of Ukraine caused inflation to reach 10% or more in many countries. Central banks in the US, UK and Europe have fought back by raising interest rates in an attempt…

The Conversation

After a raucous first half of 2023, Wall Street is still wondering if recession is in the cards

Halfway into 2023, and so little on Wall Street has gone according to plan

The Independent UK

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US economic growth last quarter is revised up to a 2% annual rate

The U.S. economy grew at a 2% annual pace from January through March as consumers spent at the fastest pace in nearly two years, the government said Thursday in a sharp upgrade from its previous estimate

The Independent UK

Nicola Sturgeon rebuked for using Covid inquiry to criticise Brexit: ‘It’s a witness box not a soap box’

Ex-SNP leader told off for saying: ‘Every aspect of Brexit has been a false economy’

The Independent UK

Netanyahu: Israel Could Become Top 10 Global Economy

Israeli Prime Minister touts government's actions and highlights country's potential as a rising economic force.

Zenger

The Johnson/Truss debacle of 2022 made people more afraid of starting businesses – new findings

The UK picked a bad year to have a political crisis in 2022. The markets were already jittery because the global economy was struggling to recover from COVID. The war in Ukraine drove up energy costs, leading to high inflation and a cost of living crisis in many developed economies.…

The Conversation

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Why Americans felt bad about a good economy: anemic wage growth

A new paper answers a puzzle plaguing economists and journalists since 2022.

Axios

Scottish Government outlines 'a different way of working with business'

The New Deal for Business Group makes its recommendations to the First Minister

Insider UK

NHS and railways are top sectors that will benefit from a better 5G network, experts say

Economic modelling predicts that the UK economy could see a boost of £5bn a year from the roll-out of 5G-enabled technologies by 2030

Daily Mirror

Inflation crisis: is a recession the only answer?

Tory ministers have a long record of making rather callous statements about the economy, said Paul Waugh in The i Paper.

The Week

Stock market today: Asian shares are mixed after central bankers say interest rates must stay high

Asian stock markets are mixed after leaders of major central banks said they need to keep interest rates high to fight persistent inflation despite fears that might tip the global economy into recession

The Independent UK

Biden makes peace with "Bidenomics"

"I don't know what the hell that is," Biden joked two weeks ago.

Axios

With ‘Bidenomics,’ President Biden aims for middle-class voters as he discusses economy during Chicago address

CHICAGO — President Joe Biden sought to revitalize support for his reelection among middle-class voters before a Chicago audience Wednesday, branding his efforts at economic growth, job creation and inflation fighting as “Bidenomics” to counter lagging job approval ratings.

Chicago Tribune

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The Guardian - UK

‘We’re frenemies’: George Osborne and Ed Balls to launch economics podcast

Former chancellor and ex-shadow chancellor will discuss and analyse the state of the British economy

Bangkok Post

Debt crisis looms as politicians fiddle

While politicians are fighting for power to rule this country, the economy may unknowingly be entering a debt crisis. There was a piece of news a couple of weeks ago which passed without much notice amid sizzling political stories. It was news of the automobile loan default problem.

Bangkok Post

Empowering MSMEs to embrace circular economy

Mark Sultan Gersava was a peace development worker from Mindanao, the Philippines, who decided to act on what he saw as a critical challenge: transforming his ordinary products to become environmentally friendly to help mitigate the effect of climate change while empowering his local community with sustainable and long-term livelihoods.

Los Angeles Times

Biden leans into 'Bidenomics' to boost his economic message ahead of 2024

WASHINGTON — President Biden launched a new push Wednesday to sell his economic agenda and convince skeptical voters that the economy is thriving under his watch, showcasing a message that White House officials see as critical to his 2024 election prospects.

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The Independent UK

Biden touts his economic record in fiery speech: ‘Guess what – Bidenomics is working’

The president hopes to make his economic record a staple of his 2024 run even as many voters remain concerned about inflation

Chicago Sun-Times

Biden kicks off reelection message in Chicago with embrace of ‘Bidenomics’

“We’ve added over 13 million jobs, more jobs in two years than any president has added in a four-year term. And folks, that’s no accident. That’s Bidenomics in action,” Biden told a crowd gathered Wednesday in the lobby of the Old Post Office.

The Hindu

The changing economy of rural West Bengal

How the upcoming panchayat elections in West Bengal will be affected by the changing economic and political shifts

Evening Standard

London sees 60% spike in e-bike fires this year

Gig economy workers were said to be putting themselves at risk by buying low-quality e-bike batteries online, and leaving them to charge overnight in their bedrooms

The Independent UK

Watch as Biden makes statement on economic policy in Chicago

Watch as Joe Biden delivers an address in Chicago on “Bidenomics,” his vision for growing the economy.

The Independent UK

Chancellor has discussions over pensions and ‘driving growth in the economy’

International pension funds are currently taking advantage of investments in high-growth UK companies more than UK pension funds, Jeremy Hunt said.

The Independent UK

Just 34% approve of Biden's handling of the economy as he hits the road to talk up 'Bidenomics'

President Joe Biden has a tough sell Wednesday, trying to convince voters that the U.S. economy is flourishing

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