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The Latest Breaking News from Economy

Out of bailout spotlight, Greeks feeling recovery pains at election

Greeks will head to the polls on Sunday to elect a leader who will have more control over the country’s economy for the first time in over a decade

The Independent UK

Industry plan to power Qld economy towards net zero

Sustainable manufacturing, green hydrogen and biofuels are among the focus of a Queensland development strategy to reach net zero by 2050.

AAP

Most say pair debt limit increase with deficit cuts, but few following debate closely: AP-NORC poll

A new poll finds that most U.S. adults say they are highly concerned about the impact on the national economy if the U.S. debt limit is not increased and the government defaults on its loans

The Independent UK

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PM announces new sanctions – as it happened

This blog is now closed.

The Guardian - AU

What's behind the decline in US banks?

The US has lost 71% of its banks over the last four decades. What does this mean for the economy?

USAFacts

Budget 2023 won't move dial on R&D 'hole'

The Govt is committed to a target of getting investment to 2% of GDP as a way to “help build a high-skill, knowledge-based and more productive economy”. This is not a Budget to get us there.

Newsroom.co.nz

Robertson becomes ever less the visionary leader

In the Budget James Shaw was the only minister to link how a sustainable, climate-compatible economy generates wealth in all its forms. Every minister should have made variations on that theme

Newsroom.co.nz

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2 China Stocks Worth Investors' Attention

As China shifts gears from reopening to a phase of economic growth, the world's second-largest economy's long-term prospects look promising. Hence, fundamentally robust stocks, Sunlands Technology (STG) and Tarena International (TEDU), which are primed for growth, could be worth investors’ attention now. Keep reading….

StockNews.com

EVgo (EVGO) Intrigues But Upside Will Depend on the Economy

Although EVgo fundamentally offers a sensible approach to the global electric vehicle rollout, the viability of EVGO stock largely depends on the economy.

Barchart

Top Lebanese official in IMF talks calls for central bank head to resign amid corruption allegations

The Lebanese official heading talks with the International Monetary Fund to bailout Lebanon’s tanking economy has called for the country’s embattled central bank chief to resign

The Independent UK

Samsung 16Gb DDR5 Enters Mass Production on 12nm Node

Samsung's latest-gen DDR5 memory ICs have entered mass production on the 12nm node, and they are claimed to offer significantly lower power consumption and greater wafer economy.

Tom’s Hardware

Bank of England chiefs ambushed over rocketing inflation and interest rate hikes

The Commons Treasury Select Committee held a rare sitting outside Parliament - and went to Threadneedle Street in the heart of the City of London to tackle the Governor and his deputies

Daily Mirror

ADB warns China it risks wasting money on state-led growth

China needs to level the playing field between private and state owned firms, the Asian Development Bank's chief economist said on Thursday, adding that the world's second-largest economy risks "wasting a tonne of money" with a state-led growth model.

Reuters

Japanese firms to invest £18bn in UK in ‘massive’ post-Brexit economy boost

Rishi Sunak said in Tokyo the pledges are a ‘massive vote of confidence’ in the British economy

The Independent UK

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Evening Standard

Home repossessions are up 50%. Should we be worried?

City Comment: It’s not the Nineties again, but repossessions tell us a lot about the level of serious debt pain in the economy

The Independent UK

Putin clashes with own finance minister over damage done to Russian economy by oil sanctions

Putin appears to downplay Anton Siluanov’s concerns by saying the situation is ‘absolutely stable’

Bangkok Post

Myanmar arms imports total $1bn since coup

UNITED NATIONS: The economy of Myanmar is in free-fall but its military has imported $1 billion worth of weapons since seizing power in a 2021 coup and used them “to commit atrocities", a new United Nations report says.

Businessweek

The True Cost of an Extended US Debt-Ceiling Standoff

Recurring struggles over the borrowing limit undermine the status of the US as an economic superpower.

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news in one place.

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The Guardian - UK

Record numbers of British workers are sick. No wonder the economy is too. But there is a cure

The Tories have failed to pursue the obvious answers to this crisis, punishing ill people and NHS strikers instead, says Guardian economics editor Larry Elliott

Daily Record

Dumfries coworking hard could be replicated across Scotland

Crichton Central opened in the aftermath of Covid-19 lockdowns, with the space available for both tenants on the estate and others

Al Jazeera

G7 weighs new sanctions on Russia to end Ukraine war

Existing sanctions are some of the toughest ever imposed on a major economy, but there is still room to tighten.

Bangkok Post

Tourism to limit economic pain as new government awaited

Thailand has not been spared the political uncertainty that usually comes with elections, yet foreign tourists returning by the millions this year are counted on to help shield Southeast Asia’s second-largest economy.

The Guardian - AU

The Australian economy lost 27,100 full-time jobs in April as unemployment rose to 3.7%

UBS economist says jobs report ‘weaker than expected’ and makes an RBA rate hike in June ‘unlikely’

Bangkok Post

New govt faces 4 economic time bombs

The election result is already out and Thailand is heading for a big policy change. As the party with most seats, the Move Forward Party will form the government. The second place-getter -- the Pheu Thai Party -- has agreed to be in the coalition. These two parties, however, have…

The Guardian - UK

Rishi Sunak’s upbeat view on economy stokes claims he is out of touch

On flight to Japan for G7, PM says ‘economic optimism is increasing’ and insists Brexit is working

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