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The Latest Breaking News from Economy

Pound falls to all-time low as Kwasi Kwarteng hints further tax cuts on way

Despite criticism over the abolition of the top rate of tax, Mr Kwarteng insists he is 'focused on tax cuts across the board'

Wales Online

Thousands of offensive websites blocked

Almost 5,000 web addresses have been blocked for running illegal content, including lese majeste and pornography, says the Ministry of Digital Economy and Society (DES).

Bangkok Post

Sugar tax could boost both health and economy

Taxes on sugary drinks can often improve a nation’s economy, rather than having the devastating impact industry has claimed.

360info

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Fed’s Bostic says US could have a ‘relatively orderly’ slowdown

Federal Reserve Bank of Atlanta President Raphael Bostic said the strong U.S. job market suggests the economy could slow down in “a relatively orderly way” as the central bank bears down on inflation by raising interest rates.

Tribune News Service

Multinational tax top priority for reform

The government will remain laser-focused on multinational tax avoidance but the treasurer has left the door open for other kinds of tax reform.

AAP

BMA mulls longer hours for visitors

Bangkok governor Chadchart Sittipunt hopes to stimulate the local economy by encouraging some tourist attractions, especially those along the Chao Phraya River, to stay open until midnight.

Bangkok Post

Learn sustainability at this exhibition

Kicking off on Monday at Queen Sirikit National Convention Center, the "Sustainability Expo 2022" is a great opportunity to discover new innovations for a better world and learn about sustainable development from experts, until Sunday.

Bangkok Post

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NT Government says $40-billion economy by 2030 still in reach despite disruptions to Origin and Santos projects

The Northern Territory government insists its ambitious $40 billion economic target remains on track, despite recent disruptions to the local gas sector. But concerns are being raised that it’s focusing on projects that could fail.

ABC News

Why the Reserve Bank's record loss of $37 billion was actually good for Australia

The Reserve Bank has just reported a loss of A$37 billion, the biggest in its history, and it says it will be unable to pay the government dividends for some time.

The Conversation

Keir Starmer vows to reinstate top rate of income tax to fund public services

Exclusive: Labour to argue investing in NHS, schools and childcare is only way to build foundations of a strong economy

The Guardian - UK

Labour focuses on spelling out alternative vision for the economy

Public services and spectre of austerity will feature in speech as Rachel Reeves sets out dividing lines with Tories

The Guardian - UK

Singapore to sign 'green economy agreement' with Australia during annual leaders' talks

During their first face-to-face meeting since Anthony Albanese's election win, the prime ministers are expected to sign a new agreement to streamline climate-friendly financing and technology development.

ABC News

Chancellor hints he's not done cutting taxes yet

Kwasi Kwarteng denies the measures announced last week only help the very rich

Wales Online

Labour will bring green jobs built on strong trade unions, because we cannot go back to the 1980s

From fracking to bankers’ bonuses, we know where this government’s interests lie, say Labour MPs Angela Rayner and Ed Miliband

The Guardian - UK

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Daily Mirror

RFU defend “challenging decision” as England women fly to World Cup in economy

The England Women's Rugby Team have been flown out to New Zealand for World Cup in economy class - a decision which the Rugby Football Union has chosen to stand by

The Guardian - UK

Truss’s go-for-broke gamble means Labour inherits economic mess if it wins election

Vote is there to be lost by Labour. How hard can it be to show party would do a better job on economy?

The Guardian - UK

Kwarteng: UK economy must expect more tax cuts and deregulation

Chancellor says he and Liz Truss want to do what previous Tory governments deemed unthinkable

The Times of India

Himachal Pradesh: 17,292 beneficiaries availed the benefit of Mukhya Mantri Ek Bigha Yojna

SHIMLA: In Himachal Pradesh 17,292 people availed the benefit of Mukhya Mantri Ek Bigha Yojna (MMEBY) that was launched in the state for strengthening the economy of rural women and self-help groups by connecting them with livelihood activities.

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Evening Standard

Starmer vows to defend working people as Kwarteng insists tax cut plan benefits all

Sir Keir was questioned over his long-term plan for the country while the Chancellor was grilled over the huge drop in the pound following his tax cut plan

The Guardian - UK

Forget trickle down, what the UK needs is middle-out economics

Liz Truss is banking on a failed policy. The focus should be on the real driving force behind economic growth

The Guardian - UK

The Tories’ huge gamble offers a fabulous opportunity Keir Starmer’s party must seize

Labour has a better plan for growth than Kwasi Kwarteng’s sugar-rush of tax cuts. Now it needs to pitch it to voters

The Independent UK

Poverty, inflation, fear: Egypt's economy pushed to brink

For decades, millions of Egyptians have depended on the government to keep basic goods affordable

Bangkok Post

Industry chiefs applaud staged return to business as usual

Business operators have welcomed the government's further relaxation of Covid-19 restrictions, particularly the downgrading of the virus' status, saying they will attract more tourists and help boost the economy.

Daily Mirror

'Mini-Budget proves PM Liz Truss and her Tories have lost the plot on economy'

Tories claim that helping the rich get richer is good for everyone, but their unhinged economic plan just helps the wealthy - now we're banking on Keir Starmer to prove he's a worthy PM

ABC News

Xi Jinping seeks his third term leading the Chinese Communist Party, while Li Keqiang retires after a decade in his shadow

With the 20th Congress of the Chinese Communist Party just around the corner, Xi Jinping is seeking a third term. But the second-most powerful man in China is staring down the barrel of retirement, after a decade in Xi's shadow.

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