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The Latest Breaking News from Economy

Saha Group, the country's leading consumer product conglomerate, suggests the new government emphasise promoting the agricultural sector rather than a sharp increase in the daily minimum wage, as this approach would help sustainably develop the country's economy.

Bangkok Post

Getting ready for a new economic era

Admittedly, I did not vote for Move Forward Party (MFP). I did like the idea of pro-democracy, equality for all, people-centric policies, and de-monopolisation, all of which they espouse.

Bangkok Post

AIS introduces online tool for SMEs

Advanced Info Service (AIS) has launched the business-to-business-to-customer (B2B2C) e-marketplace Yellow (www.yellow.co.th) as a new tool to foster the Thai small and medium-sized enterprise (SME) economy.

Bangkok Post

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Investors fret as Chinese factories decelerate

Economists are concerned about a weakening Chinese economy, saying the mainland's shaky recovery from the pandemic has pressured regional stock markets and the Thai economy.

Bangkok Post

Jamie Dimon says the Fed should pause rate hikes, but also warns it’s a new era for the economy

Even as the Fed brightens on inflation, Dimon says to brace for more “volatility” ahead.

Fortune

The Guardian view on food price caps: better at taming inflation than rate hikes

Editorial: When the economy doesn’t work in the way that theory suggests, it’s time to junk the theory

The Guardian - UK

NZ's beef with critical US debt ceiling debate

Exporters are nervously watching a key vote in the US Congress that will determine whether the world's biggest economy defaults on its debts. Jonathan Milne reports.

Newsroom.co.nz

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How to hone your leadership skills, and what your company can do to help

The UK labour market has finally started to see a fall in vacancies following a post-COVID spike in open positions. But there are still more than a million job vacancies, which are “damaging the economy by preventing firms from fulfilling order books and taking on new work”, according to the…

The Conversation

Unexpected spike in London house sales as homemovers defy rising interest rates and a stagnant economy

London property sales were 10 per cent above average for May despite soaring interest rates, falling demand and pressure on prices

Evening Standard

India’s economy picks up speed amid global slowdown

With 6.1% growth, India remains one of the fastest growing emerging economies, especially as China’s recovery stumbles.

Al Jazeera

German inflation slows to 6.1% in May, though food prices are still surging

German inflation eased to 6.1% in May following several months of declines, even as Europe’s biggest economy registered another painful increase in food prices of nearly 15%

The Independent UK

I got rich in Russia and got out in time, twice. Here’s what I learned about democracy and free markets

Most totalitarian regimes never prosper for more than a generation or two. The parasitic behaviors of such governments eventually drain the economy.

Fortune

Scottish GDP growth outperforms UK in first three months of 2023

The country’s economic output grew by 0.4% during the first quarter – compared to 0.1% for the UK

Insider UK

Scottish economy grows four times faster than UK's in latest figures

SCOTLAND’s economy grew by 0.4 per cent between January and March, outpacing UK economic growth of 0.1 per cent.

The National (Scotland)

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Reuters

Exclusive-Turkey's new cabinet almost certain to include Simsek - sources

Turkish President Tayyip Erdogan is viewed as almost certain to include former economy chief Mehmet Simsek in his new cabinet, either as finance minister or as a vice president responsible for the economy, four senior officials said.

The Independent UK

Ministers to re-evaluate deposit return after glass ban ‘sabotage’ – Slater

The Scottish circular economy minister hit out once again at the UK Government’s decision that DRS must only include tin and plastic.

Bangkok Post

Markets tumble as Republicans threaten US debt deal

HONG KONG: Asian markets sank on Wednesday on worries that hardline Republicans could vote down a crucial bill to hike the US borrowing limit and risk a catastrophic default that could hammer an already fragile global economy.

Businessweek

Republicans Hail Big Spending Cuts That Economists Say Will Have Little Impact on the Economy

Analysts taking the measure of the debt-ceiling pact call it modest.

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The Guardian - UK

Mild recession forecast in UK, as trade deals with Australia and New Zealand worry farmers – as it happened

Higher borrowing costs and tighter lending will slow global growth sharply this year, Moody’s warns

The Guardian - UK

Running out of battery: how post-Brexit Britain is failing to set up a future-focused economy

One-off deals won’t keep pace with the big industrial strategies of the US and EU, says Mariana Mazzucato, a professor in the economics of innovation

Insider UK

Slater: government will assess if it can make deposit scheme work

Circular Economy Minister challenges the UK Government to show how an English scheme would operate

Reuters

Japan PM orders about $26 billion to be set aside for childcare

Japanese Prime Minister Fumio Kishida instructed his government on Wednesday to set aside around 3.5 trillion yen ($26 billion) in the annual budget for child care, Economy Minister Shigeyuki Goto said.

The Times of India

Economists see India’s first rate cut in 2024 for durable growth

NEW DELHI: Economists see India’s central bank holding interest rates this year before cutting 25 basis points in the first quarter of next year as inflation moderates and the economy stays resilient, according to the latest Bloomberg survey results.

Cycling Weekly

'I had visions of Tour de France type status' — an interview with Unbound's Co-Director Kristi Mohn

Kristi Mohn is credited for helping create the world's biggest gravel race while putting its host —Emporia, Kansas— on the map as a gravel haven and reviving its economy. Hear from her in her own words.

ABC News

Why Australian households are divided when it comes to financial pressure, and economists are divided on the outlook

Economists are divided on how well households will weather the storm of rent rises, soaring home loan rates and rising prices, just as Australians are divided in how much financial pressure they're under.

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