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The Latest Breaking News from Economy

Political parties are being urged to stop wooing voters by promising them unrealistic leaps in daily minimum wage rates which many experts warn will do more harm than good to the country's economic system.

Bangkok Post

Jeremy Hunt’s budget fails to move voters as Labour retains election lead in latest poll

Voters remain unmoved by Jeremy Hunt’s budget with the Conservatives staying stuck on 29% while Labour keeps a 15% lead in the latest poll.

Evening Standard

Airliner innovations that aim to make the skies comfy and green

From actual beds to more comfort in Economy, the best innovations in air travel could shape a more sustainable and accessible future.

The New Daily

From analysis to the latest developments in health,
read the most diverse news in one place.

Silicon Valley’s hubris nearly ruined the U.S. economy

Tech thought it was exceptional. Maybe it was all wishful thinking.

Fortune

OECD Hikes Global Growth Forecast for 2023, 2024

The global economic outlook has improved from a few months ago as the inflation shock eases but rising interest rates will keep risks high, the OECD said on Friday, hiking its growth forecasts for major economies. After growth last year of 3.2%, the world economy is on course to expand…

Asharq Al-Awsat

Thaicom to capitalise on the space economy

SET-listed satellite service provider Thaicom has entered a new chapter as it won orbital slots in the January auction for geostationary satellites, explores developing businesses related to low-Earth orbit (LEO) satellites, and continues work on space tech innovation with partners.

Bangkok Post

Bank Problems = Bearish Thumb on Stock Market Scale

If you were not bearish already, then perhaps time to reconsider your stock market (SPY) outlook. As you will discover in today’s commentary, even the best case scenario for the recent banking concerns still likely tips the economy into recession which leads to deepening bear market. Read on below for…

StockNews.com

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5 Top Energy Stocks to Buy Right Now

Despite the recent plunge in oil prices, the reopening of the Chinese economy and tight supplies appear beneficial for the energy market. Given this backdrop, fundamentally strong energy stocks Marathon Petroleum (MPC), Valero Energy (VLO), PBF Energy (PBF), Unit Corp. (UNTC), and Epsilon Energy (EPSN) might be ideal buy-and-watch picks…

StockNews.com

‘A momentous moment’: campaigners hail Hunt’s childcare pledge – but vow to keep fighting

It took the pandemic to make ministers realise childcare is vital to the economy but many doubt there will be enough funding for promised extra hours

The Guardian - UK

Australia's growth outlook still subdued: OECD

The OECD has slightly downgraded its forecasts for Australia's growth in its latest look at how the global economy is faring.

AAP

GOP leaders’ threat of US intervention has Mexican president whipping up frenzy

MEXICO CITY – Mexico’s economy is facing economic and political challenges with a weakening U.S. dollar and drop in demand for goods. Protesters recently filled the streets here, repudiating what they called the leader’s push to dismantle a pillar of democracy. And insecurity cuts deeper into the fabric of society,…

Tribune News Service

Northern Ireland economy emerges from recession as services sectors blooms

Late 2022 recovery bodes well for headline economic indicator as commentators await outcome of Windsor Framework deliberations

Birmingham Post

Boeing and Airbus intensify search for skilled talent in India

Boeing Co. and Airbus SE are increasingly looking to India for highly-skilled, low-cost engineers to meet a boom in demand for aircraft and expand their manufacturing presence in the world’s fifth-largest economy.

Tribune News Service

UK economy will deliver worst performance of any advanced country this year

Britain’s GDP is forecast to fall by less than previously expected, but is still behind all other major economies

Evening Standard

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Birmingham Post

Welsh Government should fight for new investment zones

Welsh Ministers should fight hard to ensure that two of the four zones announced in the Budget come to Wales

The Guardian - UK

Central banks must keep interest rates high to combat inflation, says OECD

Organisation also says UK will be only G20 economy apart from Russia to shrink this year

Asharq Al-Awsat

Saudi Banks Safe from Troubled US Banks

Ayman Al-Sayari, Governor of Saudi Central Bank (SAMA), ruled out any transactions between Saudi banks and troubled US banks, affirming that the Kingdom’s banking sector enjoys capital adequacy and reassuring liquidity. Al-Sayari spoke with Al-Arabiya TV on the sidelines of the Financial Sector Conference in Riyadh when he added that…

The Independent UK

Public more concerned than reassured after Budget, poll suggests

Individual policies have proved popular, but the Budget has made little difference to overall views of the Government’s handling of the economy.

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Bangkok Post

BoT: External stability strong, economy recovering

Thailand's external stability is sound with low foreign debt and high international reserves, while the economy is recovering steadily on increased tourism and domestic spending, the Bank of Thailand (BoT) said.

The New Daily

Westpac urges RBA interest rates pause as major banks hike rates

The Reserve Bank is tipped to pause its record-breaking run of interest rate hikes in April as the economy slows faster than expected.

The Independent UK

Plans to scrap BBC Singers sends ‘incredibly bleak message’ – letter

Senior members of the UK choral industry say the decision was ‘a huge false economy’.

The New Daily

Treasurer flags more work needed to boost productivity

A review into Australia's woeful productivity performance is expected to contain 71 reform recommendations to lift pay packets and boost national prosperity.

AAP

Hard work ahead to boost nation's productivity

Climate policy, the migration system, workplace laws and health and education systems have been earmarked for reform under a review of Australia's productivity.

Axios

How banking turmoil is changing the economic outlook

A handful of large, troubled U.S. regional banks may well accomplish what the mighty Federal Reserve couldn't on its own.

AnandTech

Inflation Drives Up Fab Costs for Intel and Samsung by Billions of Dollars

To address future demand for semiconductors amid severe chip shortages of 2020 – 2022, all leading chipmakers announced plans to build new fabs and even disclosed their estimated costs. But spiraled inflation, caused by the disruption of supply chains by the pandemic and then by the Russian war against Ukraine,…

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