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The Latest Breaking News from Economy

Remembering Senegal's Joola disaster, 20 years on

In tonight's edition: It's been 20 years since an overloaded Senegalese passenger ferry sank off the coast of The Gambia, killing almost 1,900 people. Our correspondent reports on the disaster dubbed "Africa's Titanic". Also, a free-falling economy and years of political unrest have taken their toll on Sudanese youth, with…

France 24

Digital services see revenue soar by 37%

Thailand's digital services market is expected to be worth more than the hardware sector by the end of this year, with a value of 690 billion baht by 2024, according to a survey by the Digital Economy Promotion Agency (Depa) and research and technology training provider IMC Institute.

Bangkok Post

South Lanarkshire Council celebrates Scotland's Climate Week 2022

The council is highlighting funds for community groups to tackle climate change.

Daily Record

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Sterling hits all-time low: two things can turn this around but neither is straightforward

While most people in the UK were still in bed in the early hours of Monday morning, the pound dived. It fell over 4% during Asia trading to reach its lowest ever level against the dollar of US$1.035, while also hitting €1.079 against the euro. This was an exceptional fall,…

The Conversation

Hungary's commitments to the EU on cutting corruption risks

Hungary's government has submitted anti-corruption legislation to parliament, trying to stave off a suspension of European Union funds at a time when its economy faces a likely recession next year.

Reuters

Many in Bosnia doubt elections will tackle dysfunctional economy

With nationalist rhetoric dominating the campaign for Bosnia's Oct. 2 election, many doubt the vote will usher in leaders who would focus on reforms to tackle a dysfunctional economy and unblock the country's path to European Union membership.

Reuters

Royal inspiration for a sustainable future

Thais who have learned His Majesty King Bhumibol Adulyadej the Great’s Sufficiency Economy Philosophy (SEP) are ready to put it into action as the whole world increasingly moves toward sustainable development, said Sumet Tantivejkul, Secretary-General of the Chaipattana Foundation.

Bangkok Post

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OECD: War in Ukraine to drag on global economy into 2023

The Organization for Economic Cooperation and Development says Russia’s war in Ukraine and the lingering effects of the COVID-19 pandemic are dragging down global economic growth more than expected and driving up inflation that will stay high into next year

The Independent UK

This Federal Reserve policy you’ve never heard of could have the biggest effect on your wallet

The Federal Reserve is making headlines by raising interest rates at the fastest pace in a single year since the 1980s, concerning investors and consumers alike with fears the central bank could go too far, too fast.

Tribune News Service

Rachel Reeves promises 'genuine living wage' on day one of a Labour government

The shadow chancellor said investment in public services, investing in the green revolution and paying proper wages would grow the economy.

Daily Record

Nicola Sturgeon slams 'morally repugnant' UK Government following mini-budget

The First Minister has given her strongest indication yet that Holyrood will not follow the UK Government's tax cutting plans.

Daily Record

First Minister brands UK's economic growth plans a 'catastrophic disaster'

FIRST Minister Nicola Sturgeon has described No 10 plans to boost economic growth as a “catastrophic disaster”, saying the Scottish Government…

The National (Scotland)

Liz Truss: Tory MPs sending no-confidence letters over fears she will ‘crash the economy’, says ex-minister

‘Liz is f*****’, says former minister in Boris Johnson government

The Independent UK

Nicola Sturgeon: Mini-budget is disaster it would be wrong to follow

The Scottish First Minister said plans to cut taxes were ‘morally repugnant, fiscally damaging and reckless’.

The Independent UK

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The National (Scotland)

Letters of no confidence in Liz Truss 'already being put in', claims Tory MP

LETTERS of no confidence in Liz Truss are already coming in amid fears she will "crash the economy", a source has suggested.

WEKU

Lexington finance commissioner reports on current and projected economy

Citizens in communities across the country are wondering how their local economies will fare over the coming year. That’s likely the case in the Commonwealth’s second largest city.

The Independent UK

Recession clouds gather in Germany, Europe's largest economy

Europe’s largest economy is sending recession signals

The Independent UK

John Swinney: Scottish Government to reflect fairly on UK tax cuts

The Deputy First Minister told BBC Radio’s Good Morning Scotland the UK economy is in a ‘very dangerous place’ after the plans were announced.

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AAP

Australia not safe from economic downturn

The troubles facing the global economy are far from over and Australia is unlikely to get away unscathed, an OECD report says.

France 24

British pound hits record low against US dollar, prompting recession fears

The pound hit a record low against the dollar Monday on surging fears about the UK economy after the government unveiled a huge tax-cutting budget.

Manchester Evening News

Pound hits all-time low as fallout from Kwasi Kwarteng's 'mini-budget' continues

The Chancellor has hinted at more tax cuts to come

Evening Standard

Pound sinks to record low against dollar as Kwasi Kwarteng hints further tax cuts on way

The Chancellor has previously brushed off questions about the markets’ reaction to his mini-budget

Wales Online

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'

Bangkok Post

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).

360info

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.

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