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The Latest Breaking News from Economy

More and more it looks like recession is here. This includes a dramatic decline for ISM Manufacturing discovered this morning. As you likely know, most economist call manufacturing the "canary in the coal mine" for the US economy as it often shows weakness before other areas. In fact, GDP Now…

StockNews.com

How to save money on fashion and still look great

In an uncertain economy it doesn’t quite seem like the time to spending money on fashion so before you click the 'buy now' button, try these tricks at home.

The New Daily

UAE, Indonesia Sign Comprehensive Partnership Agreement

UAE President Sheikh Mohammed bin Zayed Al Nahyan held talks with his Indonesian counterpart, Joko Widodo, in Abu Dhabi on Friday. Discussions tackled bilateral ties and various aspects of joint cooperation in the fields of investment, economy and trade to support the sustainable development efforts and achieve the aspired prosperity…

Asharq Al-Awsat

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Yemenis Hail Announcement on Accelerating Aid from Saudi Arabia, UAE

Yemenis welcomed the announcement that aid from Saudi Arabia and the United Arab Emirates will be accelerated to the war-torn country. The aid, worth around 3.3 billion dollars, will improve services, most notably electricity, water and transportation, and boost the economy and local currency. Chairman of the Yemeni Presidential Leadership…

Asharq Al-Awsat

Biden’s Indo-Pacific Economic Framework Is a Paradigm Shift

The United States can no longer afford to buy geopolitical allies with market access.

Foreign Policy

Rutherglen schoolkids scoop enterprise award with clever app

Pupils from Trinity High youngsters have been honoured through the Circular Economy Challenge of Young Enterprise Scotland.

Daily Record

CII lauds four southern States, including T.N.

‘South India have what it takes to be a $1.5 trillion economy by 2025’

The Hindu

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Inflation Clobbers Small Business Owners, Driving Up Debt Amid Rising Rent Costs

Record-high inflation is having a traumatic impact on the U.S. economy and small business owners, with two new surveys charting the depth and scope of how the unwelcome new normal has disrupted operations.

Benzinga

‘Irresponsible’ to cut back aid now: Q&A with UNDP’s Steiner

UNDP’s Steiner says nations should stick to development goals and invest in struggling countries, renewable energy.

Al Jazeera

Chinese carriers go on Airbus buying spree

Airbus has won one of its biggest ever single-day hauls, selling almost 300 airliners worth more than $37 billion to four Chinese airlines in a coup for the European manufacturer in its tussle with Boeing for dominance in Asia’s largest economy.

Bangkok Post

New legislation in the works to protect gig economy workers after historic Uber deal

The government plans to introduce legislation to protect gig economy workers after a historic deal between Uber Australia and the Transport Workers Union.

The New Daily

Arkhom: Property perks to be extended

The government plans to extend property support measures to help spur the recovery of the industry and the overall economy, Finance Minister Arkhom Termpittayapaisith said on Friday.

Bangkok Post

GST had serious birth defects which worsened over last 5 years: Chidambaram

NEW DELHI: Asserting that the GST had serious "birth defects" which became only worse over the last five years, the Congress on Friday said the GST laws and the manner of their implementation have "wrecked the economy" and the party will work toward its replacement by GST 2.0.

The Times of India

Why Kohl's Shares Are Plunging Today

Kohl's Corp (NYSE:KSS) has called off discussions to sell its business to Franchise Group Inc (NASDAQ:FRG), CNBC reported. The decision comes at a time when there is increased volatility in the stock market and the economy as the Federal Reserve seeks to hike interest rates to contain inflation. Related: Multiple Bidders, Key Executives Departure, Mixed…

Benzinga

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WEKU

Are sanctions actually hurting Russia's economy? Here's what you need to know

Russia's economy is weathering sanctions over the war in Ukraine, but tough times may be ahead, according to an assessment from experts.

Asharq Al-Awsat

Abu Dhabi to Pump $2.7Bln in Industrial Sector

The UAE capital, Abu Dhabi, launched its Industrial Strategy on Thursday. The government will invest through this strategy AED10 billion ($2.7 billion) across six transformational programs to more than double the size of Abu Dhabi’s manufacturing sector to AED172 billion by 2031 by increasing access to financing, enhancing ease of…

The Independent UK

Asian shares mostly lower after pessimistic 'tankan' survey

Asian benchmarks are lower, echoing a decline on Wall Street, after a quarterly report by Japan’s central bank rekindled worries about the world’s third largest economy

The Hindu

PM Modi greets chartered accountants on CA Day

‘A Chartered Accountant has an important role in our economy,’ says the PM

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Caixin Global

Weekly Must-Read: How Bad Is China’s Manufacturing Exodus?

While disruptions from pandemic controls threaten to add impetus to the outflow, China retains tremendous advantages over India and Southeast Asia

Birmingham Post

The best start-up firms in Wales revealed

The Wales StartUp Awards 2022 were held at the Depot in Cardiff

Newsroom.co.nz

NZ and the changing face of space exploration

More than 74 nations and a rapidly growing number of private companies are participating in a burgeoning space economy – including New Zealand, write Mitchell Bruce and Robert G Patman

Bangkok Post

BoT demonstrates economic gains despite inflation spike

Thailand's economy has continued to rebound, reflected by better signals in the May economic data, despite a sharp spike in the inflation rate, according to the Bank of Thailand.

Bangkok Post

City Hall, TAT plan festivals for capital

City Hall is working with the Tourism Authority of Thailand (TAT) to promote tourism in Bangkok and revitalise the economy with a plan afoot to organise a variety of festivals in the capital to attract tourists all year round.

Tribune News Service

Economists sour on US outlook after spending stumbles

An influx of data showing softer consumer spending, sagging sentiment and subdued manufacturing suggest a U.S. economy with a more fragile foundation, prompting several forecasters to lower their estimates for growth.

The New Daily

Sky-high mortgages, high inflation, possible recession. How The Conversation’s panel sees the year ahead

Now in its fourth year, The Conversation’s survey draws on the expertise of leading forecasters to predict what lies ahead for the Australian economy.

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