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The Latest Breaking News from Economy

Asian shares mixed after Wall St dips on weak economic data

Asian shares are trading mixed following a decline on Wall Street after reports on the U.S. economy came in weaker than expected

The Independent UK

Joint business group maintains GDP growth outlook

Thailand's economy is expected to grow 3.0% to 3.5% this year, unchanged from a previous forecast, as tourism rebounded but exports softened, a leading joint business group said on Wednesday.

Bangkok Post

Donald Trump, the attention economy's most potent stimulus

Whatever people think of Donald Trump, it's undeniable that he can still command attention

The Independent UK

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India is taking on China in the $447 billion space economy

NEW DELHI: India is muscling in on the increasingly lucrative business of space, taking advantage of the geopolitical isolation of China and Russia to pitch itself as a reliable alternative to SpaceX.

The Times of India

Songkran spending to surge to B125bn

Spending sentiment for the upcoming Songkran festival is expected to be lively as people have been hesitant for many months, but the country's economy is showing signs of recovery, driven by rapidly reviving tourism.

Bangkok Post

Government preps space economy master plan

The government, through the Office of National Digital Economy and Society Commission (ONDE), plans to implement the first national master plan for the space economy by the end of this year.

Bangkok Post

Investor interest in digital assets reignited

Digital assets have increased their appeal to investors with the economy on the verge of a recession, with Bitcoin offering the highest returns year to date, experts say.

Bangkok Post

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Stock Market Today: Stocks Slip as Recession Worries Rise

The major benchmarks finished with modest losses Tuesday after weaker-than-expected job openings and factory data.

Kiplinger

Coffee Prices Settle Mixed on U.S. Economic Concerns

May arabica coffee (KCK23 ) on Tuesday closed down -1.40 (-0.79%), and May ICE robusta coffee (RMK23 ) closed up +25 (+1.12%). Coffee prices Tuesday settled mixed, with robusta climbing to a 7-month nearest-futures high. Arabica coffee fell back on concerns of a slowdown in the U.S. economy that could...

Barchart

Office vacancies rise in Silicon Valley and balloon in San Francisco

SAN JOSE — Office vacancy rates have increased in the South Bay and have ballooned to scary heights in San Francisco amid a wobbly economy punctuated by wide-ranging job cuts in the tech and biotech sectors.

Tribune News Service

Arabica Prices Decline on U.S. Economic Concerns

May arabica coffee (KCK23 ) this morning is down -2.60 (-1.48%), and May ICE robusta coffee (RMK23 ) is up +12 (+0.54%). Coffee prices this morning are mixed. Concerns of a slowdown in the U.S. economy that could hurt coffee demand weighed on prices after today's report showed Feb JOLTS...

Barchart

How Nigel Lawson turned postwar economic consensus on its head

Former chancellor fundamentally changed the UK economy during his six-year stint at the Treasury, and not much has changed since then

The Guardian - UK

Gen Z is approaching a 'student loan cliff' that could shock the economy

Millions of Gen Zers are about to start paying off their student loan debt for the first time. It will be a "shock" to their household budgets.

Fortune

Expansive business receives silver accreditation from North Lanarkshire Council’s Employer Charter

Chapelhall firm The Antibody Company honoured for "making a positive commitment to the local economy".

Daily Record

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The Conversation

Green energy: South Africa’s transition plan must be careful not to deepen inequality – the 3 top issues

Since the UN Climate Change Agreement was signed by 196 nations in December 2015, many countries have announced policies to reduce their fossil fuel emissions.

Fortune

Saudi Arabia discloses investment in dozens of VCs

Saudi Arabia has invested in technology and other sectors in a bid to diversify the country’s economy away from oil.

Reuters

Analysis: Russia's military production, state splurge ease sanctions pain

Rising military production and huge state spending are keeping Russia's industry buzzing along, an analysis of recent data shows, helping soften the economic impact of Western sanctions and allowing Moscow to plough on with its campaign in Ukraine.

Axios

Jamie Dimon feels pretty sunny about the economy

The hurricane has been downgraded.

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Bangkok Post

Songkran spending tipped to jump 17%

Consumer spending could rise 17% to 125 billion baht, a four-year high, during the upcoming Songkran holiday as the economy and tourism gather steam, according to the University of the Thai Chamber of Commerce (UTCC).

Tribune News Service

COVID created an expanded social safety net; activists are now quietly working to bring it back

In March 2020, the economy grinded to a halt as the COVID-19 pandemic forced widespread shutdowns of businesses. As Congress watched the economy collapse, it responded by doing something lawmakers have resisted since the 1960s: a large expansion of the social safety net.

The New Daily

‘Relief’ for home owners as RBA pauses rates for first time in 10 meetings

The Reserve Bank has hit the pause button on its record breaking run of interest rates hikes in April, delivering relief to home owners.

The Guardian - AU

RBA hits pause on official interest rate at 3.6% but says further rises may be needed

Cash rate on hold as the Reserve Bank indicates it will monitor state of economy and the outlook before lifting borrowing costs further

The New Daily

Mortgage reprieve: Reserve Bank hits pause on interest rates as economy slows

Interest rates have been put on hold for the first time in almost a year, delivering a reprieve to mortgage holders amid a slowing economy.

Birmingham Post

Life sciences firm to create 85 new jobs following Welsh Government funding

Creo Medical plans to build a new research and development (R&D) manufacturing centre on its current site.

Bangkok Post

'E-war room' to help monitor campaigns

The Election Commission (EC) has joined forces with the Ministry of Digital Economy and Society (DES) to set up an "e-war room" to monitor upcoming election campaign activities online.

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