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The Latest Breaking News from Economy

Thailand’s Srettha pledges urgent action to tackle ‘sick economy’

New prime minister promises to hand out cash, reduce energy prices and boost tourism to stimulate sluggish economy.

Al Jazeera

Thailand's new prime minister tells Parliament his government will urgently tackle economic woes

Thailand’s new Prime Minister Srettha Thavisin has vowed to act quickly to relieve the country’s economic problems in his inaugural speech to Parliament

The Independent UK

Have we reached peak China? How the booming middle class hit a brick wall

Facing a slowing economy and a less secure jobs market, China’s educated elite are left negotiating a new central bargain with the government

The Guardian - AU

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Treasury pre-election outlook to show economy under increasing pressure

Rising fuel prices raise temperatures at No 1 The Terrace, and raise eyebrows further up the road at the Commerce Commission. Andrew Patterson reports.

Newsroom.co.nz

Investors and unions press Labor to invest $100bn to compete in global green economy

Exclusive: Stakeholders at Australian Renewables Summit hope to influence government before decisions are taken on clean energy investments in mid-year update

The Guardian - AU

Post-Brexit shift in immigration may mean higher wages and more self-sufficient UK economy

Sunak faces headache over India trade deal as upheaval continues in handling overseas labour

The Guardian - UK

US President Biden visits Vietnam: Wartime foes to highest-level partners?

US President Biden and Vietnam’s Communist Party General Secretary Nguyen Phu Trong expected to agree new partnership.

Al Jazeera

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Why these Canberrans think short-stay rentals are good for the economy

'We're actually increasing the supply of accommodation.'

The Canberra Times

Another Wave of Lower Prices for the British Pound – Want to Know When?

As global central banks have raised interest rates, the Bank of England (BoE) has increased in the past 14 meetings due to elevated inflation. Recently, the BoE governor spoke to the UK Parliament and stated that the central bank was approaching the conclusion of its interest rate hikes. The timing…

Barchart

G-20 Summit 2023 | New Delhi Declaration underlines need for more finance to arrest global warming

The G-20 Leader’s Declaration for the first time formally recognises the quantum jump in finance necessary for the world to transition to a renewable energy economy

The Hindu

Wegovy: the slimming drug that keeps Denmark’s economy growing

Novo Nordisk, the maker of the blockbuster obesity injection, has singlehandedly saved the country from recession

The Guardian - UK

A Couple Are Seeking A Full Refund After They Got Stuck Next To A ‘Farting’ Dog On Their Flight

A New Zealand couple is seeking full compensation from an airline, claiming that a “snorting” and “farting” dog in their aisle ruined their experience. Gill and Warren Press are gunning for a full refund from Singapore Airlines after their 13-hour flight — Paris to Singapore — was ruined by a…

Pedestrian.tv

Saudi Arabia, India, U.S. and EU launch economic corridor to increase trade

Saudi Arabia and India to hold important meetings during G20 summit. PM Modi and Saudi Crown Prince to co-chair First Leaders' Meeting of Strategic Partnership Council. Bilateral trade between India and Saudi reached $52.75 billion in 2022-23.

The Hindu

Of course Britain’s millennials have lost faith in work. Make it fairer and that might change

Wage stagnation and the gig economy have left a generation struggling to achieve life milestones. Here’s what could help, says culture writer James Greig

The Guardian - UK

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The Hindu

India’s G-20 leadership extremely effective, even if Russia generally absent: Janet Yellen

U.S. Treasury Secretary Janet Yellen said India’s G-20 leadership has proven effective on several fronts, including the reforms of multilateral development banks and addressing the debt concerns of vulnerable countries.

The Independent UK

Stock market today: Asian shares weaken while Japan reports economy grew less than expected

Shares have slipped in Asia after Japan reported its economy grew less than earlier estimated in the last quarter

The Hindu

India needs to grow at 8-9% for 20 years to become developed country by 2047: Deloitte’s Romal Shetty

India needs to grow at 8-9% for the next 20 years to become a developed nation by 2047 as envisioned by Prime Minister Narendra Modi, Deloitte South Asia CEO Romal Shetty said.

The National (Scotland)

Scottish Government will not back down on short term lets licensing, says Neil Gray

WELLBEING Economy Secretary Neil Gray has insisted that the Scottish Government will not back down on pushing ahead with the short term lets…

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news in one place.

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Caixin Global

Weekly Must-Read: Why China’s Efforts to Juice Stocks Typically Don’t Last

Measures including cutting the stamp duty on trades and slowing the pace of IPOs are mostly seen as a short-term shot in the arm for sentiment

Zenger

Paul Krugman Warns Of ‘Very Nasty Fall’ For China

Unless the Xi Jinping-led administration returns to its communist roots, China's economy could experience a serious downturn.

Zenger

Trump’s Niece Disagrees With Branding Of Biden’s Economic Policy As Failure

The Biden campaign to make Bidenomics the focus of his reelection campaign does not appear successful, as per a report.

The Guardian - AU

Morning Mail: Chalmers warns of ‘bumpy’ economy, call to investigate possible burial sites, trans therapy ‘life-saving’

Treasurer says a soft landing is not assured as Australia faces global headwinds, and a new study shows the benefits of testosterone therapy

Fortune

‘The death of this economy was greatly exaggerated’: Initial jobless claims just fell to their lowest level since February, increasing the odds of a soft landing

Strong initial claims data is evidence that a recession in 2023 is looking less likely, many economists say.

The Independent UK

How Biden wants to use G20 summit to prove US is a better partner than China

President Joe Biden hopes to demonstrate to the world at the upcoming Group of 20 summit in India and during a visit to Vietnam that the United States and like-minded allies can be more trustworthy partners than China on economic and security issues

The Conversation

The UK economy's COVID bounceback was stronger than we thought – but here's why people are still feeling financial pain

The UK has been transformed from the laggard of developed economy COVID recoveries, after a recent data revision by the Office for National Statistics (ONS) showed its growth was stronger than previously thought after the pandemic-era lockdowns. The country’s gross domestic product (GDP), a measure of national income that was…

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