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The Latest Breaking News from Economy

PM Modi dials Russian President Putin, repeats hope for “dialogue and diplomacy” to end war in Ukraine

President Vladimir Putin has called Prime Minister Narendra Modi “a big friend” of Russia and said his ‘Make in India’ campaign has had a “truly impressive effect” on the country’s economy.

The Hindu

Stock market today: Asian shares are mixed after China reports weaker manufacturing in June

Shares are mixed in Asia after China reported slower factory activity in June due to weaker consumer spending and export demand

The Independent UK

Aberdeen and Glasgow selected as first 'investment zones' in Scotland

TWO Scottish cities have been selected as the sites for the UK Government’s first “investment zones” in Scotland.

The National (Scotland)

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Why ‘Undervalued’ Guess (GES) Really Lives Up to Its Name

Though trendy fashion retailer Guess may be discounted on paper, the underlying fundamentals present a much-trickier narrative.

Barchart

World Bank puts Thai growth at 3.9%

Thailand's economy is projected to expand 3.9% in 2023 from 2.6% last year because of stronger demand from China, Europe and the US, private consumption growth and a recovery in tourism, says the World Bank in its semi-annual Thailand Economic Monitor.

Bangkok Post

Adam Smith 300 years later

This year marks the 300th anniversary of the birth of Adam Smith, the founding father of modern economics. It comes at a time when the global economy faces several daunting challenges.

Bangkok Post

Scottish economy 'more resilient than expected'

However, the longer term forecast is for fragility over the next couple of years

Insider UK

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New jail opens with designs to cut crime and boost the local economy

HMP Fosse Way has been heralded as the greenest prison ever.

The Independent UK

There's a $75 trillion reason the economy won't crash into a recession, top economist says: Baby boomers' pent-up net worth

“Consumers may run out of their excess pandemic savings by the end of this year, but they have lots of other sources of purchasing power,” a veteran market watcher says.

Fortune

Spiralling food prices: on the build-up of underlying inflation pressures

The overall trajectory in price gains across the wider food basket is symptomatic of the unsettling build-up of underlying inflation pressures in the economy

The Hindu

The Next President Needs To Cut Spending

At a minimum, the national debt should be smaller than the size of the economy. A committed president just might be able to deliver.

Reason

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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The Independent UK

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’

Zenger

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.

The Conversation

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.…

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Axios

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

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

Insider UK

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

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

Daily Mirror

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

The Week

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 Independent UK

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

Axios

Biden makes peace with "Bidenomics"

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

Chicago Tribune

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.

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