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The Latest Breaking News from Economy

Budget plea to Grant Robertson to return NZ economy's focus to wellbeing

Wellbeing Economy Alliance co-founder Katherine Trebeck is to meet with finance minister before the Budget – and says her message won't be diplomatic. Jonathan Milne reports.

Newsroom.co.nz

Finance Minister Nirmala Sitharaman to review state of economy at FSDC meeting on May 8

Finance minister Nirmala Sitharaman will review the state of the economy amid global and domestic challenges at a meeting of the Financial Stability and Development Council (FSDC) on May 8.

The Hindu

Canada’s Economic Slowdown Could Be Good for the U.S.: Kiplinger's Economic Forecasts

Kiplinger

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Can Joe Biden escape the fallout from the US banking crisis?

If president is not worried about re-election prospects after one of biggest economic bubbles of past 100 years, he should be

The Guardian - UK

Go forth and socialise: why meeting up with friends is good for the economy

Being alone can be bliss or hell, and different kinds of solitude matter

The Guardian - UK

What Is Wealth? Shifting Values Change What It Means to Many

We consider ourselves ‘wealthy’ when we have an abundance of what we value, but what many of us value is changing with the times.

Kiplinger

The Upcoming Presidential Election Poised For A 2020 Rematch As Biden Announces Re-Election Bid

Approval ratings for Biden remain low with questions on the economy and the possibility that the US could default on its debt.

Zenger

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Budget and data to shed light on economy

New Treasury growth forecasts, to be included in the federal budget, and other data due this week are likely to shed light on the economy

The New Daily

Biden hopes strong job market means soft landing for economy

For President Joe Biden, the past few days have raised hopes that the U.S. economy can stick a soft landing—possibly avoiding a recession as the 2024 election nears

The Independent UK

Apple iPhone sales bolster Q1 results

Apple Inc's results beat expectations on Thursday, showing off the tech giant's resilience in a slowing global economy thanks to better-than-expected iPhone sales and notable inroads in India and other newer markets.

Bangkok Post

Thailand urged to focus on wellness

Thailand's health economy boasts very high growth potential as the world is increasingly aware of the importance of health and self-care, according to a Commerce Ministry study.

Bangkok Post

Short-term strategy recommended

We expect the SET Index to be volatile in May given the upcoming general election, earnings reporting season and market reaction to the Federal Reserve meeting.

Bangkok Post

'New Welfarism' becoming India's soothing balm

During the height of the Covid-19 pandemic, many Indian economists and commentators believed the economy would skyrocket as soon as life returned to normal. But, despite the country's robust recovery in the two years since the pandemic's peak, the predicted boom has not materialised, nor does it seem imminent.

Bangkok Post

American worker productivity is declining at the fastest rate in 75 years—and it could see CEOs go to war against WFH

EY-Parthenon's Gregory Daco reveals what's going on with the American worker's worst slump of the post-World War II era. It's not all about remote work, he says.

Fortune

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Fortune

Harvard economist says more interest rate hikes could be coming after a strong jobs report

Yet another strong jobs report is pushing some economists to say the economy could weather more Fed interest rate hikes.

Kiplinger

April Jobs Report Tops Expectations: What the Experts Are Saying

The jobs report revealed stronger-than-expected payrolls growth and a drop in the unemployment rate.

Creative Bloq

Unreal Editor for Fortnite is a gateway to a new creator economy

Why Unreal Editor for Fortnite, and Unreal Engine 5, are now a creative playground that could pay out for artists.

The Independent UK

Parents spark debate for flying first class while children and nanny sit in economy

‘I fail to see what lesson this will teach them,’ one critic says of plane seating arrangements

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Reuters

WHO declares end to COVID global health emergency

The World Health Organization ended the global emergency status for COVID-19 on Friday more than three years after its original declaration, and said countries should now manage the virus that killed more than 6.9 million people along with other infectious diseases.

Reason

Review: Poker Face Puts a Modern Spin on Old-School Detective Shows

Knives Out director Rian Johnson offers a twisted vision of the American economy as one populated by makers and moochers.

The Conversation

Australia finally has a Net Zero Authority - here's what should top its agenda

The Albanese government has announced a Net Zero Authority to reduce national emissions and help industry, communities and workers manage the shift to a low-carbon economy.

The Guardian - UK

US economy beats forecasts with 253,000 new jobs in April, as jobless rate falls to 3.4% – as it happened

Latest US jobs report beats forecasts, although February and March’s data has been revised down

The Guardian - AU

Inflation will decline faster than previously forecast as Australian economy slows, RBA says

The Reserve Bank’s quarterly statement on monetary policy predicts that the underlying inflation rate will end the year at 4%

ABC News

RBA's rate hikes creating inflation, Ross Garnaut says, calling for radical overhaul of economic policy

Pointing to big changes that have greatly affected Australia's capacity to deliver rising standards of living, top economist Ross Garnaut calls for a major policy overhaul.

Bangkok Post

Depa unveils drone project for farmers

The Digital Economy Promotion Agency (Depa) plans to launch Thailand's first project offering large drones to communities and training them in drone maintenance in an effort to push smart farming development.

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