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The Latest Breaking News from Economy

Uber and Transport Workers’ Union strike agreement on gig economy employment standards

Ride-sharing giant and union support an independent regulatory body to create industry-wide standards and resolve disputes

The Guardian - AU

Saudi Arabia Wishes to Explore Investment Opportunities in Egypt's Real Estate

Saudi Arabia plans to enhance cooperation and expand in Egypt during the coming period, announced the head of the Saudi National Real Estate Committee. Speaking at the Saudi-Egyptian Real Estate Forum, Chairman Mohammad al-Murshed asserted the strong desire to boost and expand cooperation with Egypt by taking advantage of the…

Asharq Al-Awsat

Thai economy seen growing 3.5% on tourism, exports

The Thai economy is expected to grow about 3.5% this year, driven by stronger tourism and exports, Finance Minister Arkhom Termpittayapaisith said on Tuesday.

Bangkok Post

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Saudi Arabia, Italy to Boost Comprehensive Strategic Partnership

Saudi Arabia and Italy underscored on Monday their strategic relations and determination to further expand their economic partnership. Addressing the Saudi-Italian Investment Forum being in Riyadh, Saudi Finance Minister Mohammad al-Jadaan discussed the national economy and the "enormous" investment opportunities available. He said his country is going through an economic…

Asharq Al-Awsat

Northern Ireland post-Brexit 'protocol' hurting some, a boon for others

Irwin Armstrong, a former chair of Boris Johnson's Conservative Party in Northern Ireland, has a simple message for the British Prime Minister when it comes to the province's unique post-Brexit trade rules: Don't ruin a good thing.

Reuters

Firms are driving up inflation - why doesn’t Johnson talk to them about restraint?

The government expects workers to shoulder the burden – while price spikes mean huge windfalls for some companies, says Carys Roberts of the IPPR

The Guardian - UK

Chevron will sell vast San Ramon headquarters, move jobs to Texas

SAN RAMON, California — Chevron intends to sell its vast headquarters campus in San Ramon, keep its head offices in the same East Bay city and shift jobs to Texas, a move that could deal a fresh blow to the Bay Area economy.

Tribune News Service

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Household debt crisis looms as rates hike

With interest rates set to rise in the second half of the year, increased household debt could deal a heavy blow to the Thai economy, weakening consumer purchasing power and slowing economic growth, according to KKP Research.

Bangkok Post

BoT predicts global recession evaded

The Bank of Thailand estimates the global economy will slow down next year, but not dip into recession amid attempts by central banks worldwide to contain higher inflation rates.

Bangkok Post

Why Europe’s next war could be between Greece and Turkey

Even if Turkey won militarily, it would only further destabilise its economy and isolate itself more from other Nato members, says Oliver Hartwich

Newsroom.co.nz

Ecuador indigenous leaders say gas price cut not enough, protests to continue

Ecuadorean indigenous organizations said on Monday a 10-cent per gallon cut to gasoline and diesel prices announced by President Guillermo Lasso was not enough to halt two weeks of protests which have hit the country's weakened economy and threatened its oil production.

Reuters

Kenya and South Africa offer insights into digital economy challenges and alternatives

The World Bank is warning of the real danger of a massive economic downturn across the world. In a recent analysis it warned that many countries – including those in sub-Saharan Africa – will be facing economic challenges due to rising food and fuel prices.

The Conversation

G7 nations unite to address evolving global food crisis due to Russia-Ukraine conflict

The Group of Seven (G7) leaders on Monday held discussions on the impact of Russia's war on food and energy supplies including the global economy and said the bloc is determined to support Ukraine in producing and exporting grain, oil, and other agricultural products as well as to address the…

Dynamite News

Desperate for diaspora: Lebanon begs for a tourism cash injection

Lebanon, facing rampant power cuts and skyrocketing inflation, relies on the diaspora for hard currency.

Al Jazeera

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Bristol Post

Bristol's night-time economy is bouncing back, figures show

£45.5m was spent on Visa transactions alone in last six months, city council meeting told

The Independent UK

Inflation: Does price-gouging drive up the current rate?

Furious about surging prices at the gasoline station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices and pocket the profits

The Guardian - UK

We can’t stop the war in Ukraine but we can prevent it causing world hunger

In a world economy of trillions, the funds necessary to feed the hungry are truly small. So why aren’t we doing it, asks singer Bob Geldof

The Guardian - UK

Cost of living squeeze could push UK into ‘mild recession’; petrol price hits fresh highs – as it happened

Rolling coverage of the latest economic and financial news

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Bangkok Post

BoT: Policy tightening will not disrupt recovery

Thailand's economy will continue growing this year and next, driven by a recovery in domestic demand and tourism, the central bank said on Monday.

Axios

Sanctions drive Russia to first foreign debt default since 1918

Russia had successfully pushed off the inevitable for months, as its economy crumbles.

Bangkok Post

The long road to recovery

The Centre for Covid-19 Situation Administration (CCSA) announced on June 17 that Thailand plans to lift most of its travel restrictions and virus containment measures from July 1.

Bangkok Post

Climate needs urgent actions now

Cities around the world are no strangers to riverine flooding. In December 2021, the four main rivers running through Kuala Lumpur hit dangerous levels, causing nearby rail lines to shut down and halting mobility across the city. In March this year, storms prompted flood warnings along Australia's east coast, including…

Bangkok Post

Agency begins PDPA training programme for small firms

The Digital Economy Promotion Agency (Depa) is forging ahead with a training programme for small and medium-sized enterprises (SMEs) to help them understand practices required under the Personal Data Protection Act (PDPA), which came into force on June 1.

Bangkok Post

Citi bullish on Thailand

Global economic headwinds notwithstanding, prospects for the Thai economy remain bright, according to Peter Babej, Asia-Pacific chief executive officer for Citi.

Asharq Al-Awsat

Israel to Let More Palestinians Work in Manufacturing to Fill Labor Shortage

Israel's cabinet approved issuing 3,500 additional permits for Palestinian workers in Israel's manufacturing and services sectors, increasing the number to 12,000 to help relieve a shortage of skilled staff, the Economy Ministry said on Sunday. Workers from the West Bank and Gaza Strip, territories which Israel captured in the 1967…

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People

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