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The Latest Breaking News from Economy

Central bank upbeat on prospects despite export dip

Exports dropped in July, mainly attributed to lower demand from trading partners in line with a riskier global economy, though Thailand's economy continues to see signs of recovery, says a Bank of Thailand executive.

Bangkok Post

Leaders urge varied economic focus

Industry leaders shared views of how the country should move forward, from creating multiple economic growth engines to the promotion of the electric vehicle (EV) industry, to allow Thailand to attain economic sustainability.

Bangkok Post

Economy, politics shape year

The government will continue to use tax measures to subsidise high energy prices throughout the year to ease people's rising living costs, said Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

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Office watchful as index dips

Industry authorities are monitoring the negative impact of the world economy on Thailand for the next 1-2 months after the Manufacturing Production Index (MPI) in July fell for the second consecutive month.

Bangkok Post

Yellen warns of failure to agree on Russia oil price cap

Treasury Secretary Janet Yellen is warning that a failure to place a price cap on Russian oil would hurt the global economy

The Independent UK

These 4 Energy Stocks Are Rising As Russia Cuts Off German Gas Supply

The United States Oil ETF (NYSE: USO) dropped 1% but the Energy Select Sector SPDR Fund (NYSE: XLE) gained 0.5% on Wednesday as investors digest mixed data on the strength of the global economy and the outlook for energy dema

Benzinga

Justin Fox: Biden's economy has the best growth record since Clinton

We’re more than a year-and-a-half into Joe Biden’s presidency, with full second-quarter economic growth numbers from the U.S. Bureau of Economic Analysis now in hand. Which seems like as good a time as any for another installment in my occasional series comparing growth rates under U.S. presidents — which somewhat…

Tribune News Service

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Locking in our high-priced dependence on metals for clean energy

A net zero economy requires much more renewable electricity generation – new modelling shows that by 2040 NZ will need to invest half a billion dollars in the metals for wind turbines alone.

Newsroom.co.nz

Angola's MPLA has been in power for nearly 50 years. The big challenges they must fix

Angolan president João Lourenço, who has been returned to power with a greatly reduced majority, faces the challenging task of turning around the economy and improving the living conditions of the majority, particularly young people.

The Conversation

Economy likely to grow at 7-7.4% in FY23, says finance secretary

NEW DELHI: The government is expecting the economy to grow at 7-7.5 per cent in 2022-23, in line with its projections made at the beginning of this financial year.

The Times of India

India's Q1 GDP grows at fastest pace in a year: Key takeaways

NEW DELHI: India's gross domestic product for the period April-June 2022 came in at 13.5%, data released by Centre showed on Wednesday.

The Times of India

German Economy Ministry officials flagged over possible Russia ties - Die Zeit

The German Economy Ministry has asked the country's domestic intelligence agency BfV to look into two senior ministry officials over concerns about their possible ties to Russia, Die Zeit weekly reported on Wednesday.

Reuters

India quarterly growth rises to 13.5% after pandemic slump

The Indian government says the country's economy grew by 13.5% in the April-June quarter from a year earlier, pushed up by a boost in agriculture and manufacturing as pandemic curbs eased

The Independent UK

Borrowing costs on UK’s debts hit by biggest monthly rise since 1986

Heaping pressure on incoming prime minister, 10-year government bond yields shoot up to 2.78%

The Guardian - UK

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Tribune News Service

US companies added 132,000 jobs in august, new ADP data show

U.S. companies increased headcount at a relatively sluggish pace in August, according to a revamped private report that suggests hiring is downshifting in an economy buffeted by high inflation and rising interest rates.

Reuters

Slovak economy minister resigns amid govt row, ready to discuss next steps

Slovak Economy Minister Richard Sulik said on Wednesday he had tendered his resignation and was ready for further coalition talks to help defuse a row that has engulfed the government.

The Hindu

Finance Minister to review state of economy at FSDC meeting on September 15

FSDC is the apex body of sectoral regulators, headed by the Union Finance Minister

The Texas Tribune

Texas’ cotton industry is facing its worst harvest in years — costing the state more than $2 billion

Cotton is Texas’ largest crop, and industry experts say they expect just half the normal annual yield — which will drive up costs for consumers.

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Salon

Ukraine, censorship and endless war

The U.S. is not officially at war with Russia — but our war economy demands conformity and suppresses dissent

Reuters

Germany ramps up military exports, mainly to arm Ukraine

German exports of military equipment have surged so far this year as Berlin supplies arms to Ukraine to help it defend itself against Russia's attack, the Economy Ministry said on Wednesday.

Asharq Al-Awsat

Japan Says Financial Aid for Tunisia Hinges on IMF Deal

Japan will consider financial assistance to Tunisia once a deal with the International Monetary Fund (IMF) is reached, head of the Japan International Cooperation Agency (JICA) Tanaka Akihiko has announced. Tunisian Minister of Economy and Planning Samir Saied signed last week a memorandum of understanding (MoU) for several projects in…

The Guardian - UK

Pound heads for worst month since 2016 against US dollar; eurozone inflation hits record high – as it happened

Pound and UK government bonds have suffered a torrid month, as Rishi Sunak warns of risk that markets lose faith in UK economy

The Guardian - AU

China places millions into Covid lockdown again as economy continues to struggle

Key cities of Shenzhen, Guangzhou and Dalian are under curbs again, amid protests and data showing factory slowdown

Bangkok Post

Economy to grow up to 3.5% this year, finance minister says

The economy is expected to grow 3% to 3.5% this year, with a slow but steady recovery as the crucial tourism sector picks up and exports remain good, Finance Minister Arkhom Termpittayapaisith told a business forum on Wednesday.

The Conversation

'A consequential but ultimately tragic figure': last leader of the USSR Mikhail Gorbachev dies aged 91

Few world leaders have cut a more consequential but ultimately tragic figure than Mikhail Sergeyevich Gorbachev, whose death at the age of 91 has been announced by Russian state media.

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