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The Latest Breaking News from Economy

Finance minister: Economy to grow 3.0-3.5% this year, recovery intact

Thailand's economy is expected to grow by 3.0% to 3.5% this year, helped by public investments and a pick-up in the vital tourism sector, Finance Minister Arkhom Termpittayapaisith said on Monday.

Bangkok Post

‘The world flipped upside down’: will end of Roe galvanize Democrats’ base in midterms?

Democrats believe a brewing backlash after June ruling will reshape the battle for control of Congress and statehouses this fall

The Guardian - US

Oil Slumps on Fears over Economic Slowdown, Stronger Dollar

Oil prices slumped on Monday, ending three days of gains, as investors were concerned aggressive US interest rate hikes will weaken the global economy and dent fuel demand while a strengthening dollar also added to pressure. Brent crude futures for October settlement declined $1.20, or 1.2%, to $95.52 a barrel…

Asharq Al-Awsat

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Stephen Galilee: why raising coal royalties is not the answer

Calls to introduce a Queensland-style royalties system in NSW are shortsighted, and potentially very damaging to the Hunter economy, writes Stephen Galilee

Newcastle Herald

Argentina names second in command of key economy ministry

Argentina's government on Sunday appointed a well-known economist and vocal critic of the policies of former President and current Vice President Cristina Fernandez de Kirchner to effectively be the second in command of the key economy ministry.

Reuters

Business wary of political climate

While the Thai economy had been pressured by global geopolitical tensions leading up to the National Economic and Social Development Council's decision last week to revise down the upper range of its growth forecast to 3.2% from 3.5%, the business sector also has to keep a close eye on the…

Bangkok Post

Liz Truss will cause inflation spiral with ‘dangerous’ tax cuts, Rishi Sunak warns

Tory leadership contest rattles on as Labour poll lead grows

The Independent UK

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Hydrogen's big difficulties need to be explained and accounted for if we are to believe in a 'hydrogen economy'

It penetrates steel: just one of the pitfalls of hydrogen

Newcastle Herald

Real wages are shrinking as profits are soaring. But are most businesses really raking it in?

Workers are getting a record low share of Australia's national income, while company profits surge. But is it just a temporary phenomenon caused by the commodities boom or a deeper structural crisis in our economy?

ABC News

German minister rules out keeping nuclear plants running to save gas

German Economy Minister Robert Habeck ruled out on Sunday extending the lifespan of the country's three remaining nuclear power plants in order to save gas, saying it would save at most 2 percent of gas use.

Reuters

UK shoppers are keeping calm and carrying on. Why?

Consumers are in either denial about the economy or think they are managing … for now

The Guardian - UK

Russia's war at 6 months: A global economy in growing danger

It's almost six months since Russia invaded Ukraine, and the consequences are posing a devastating threat to the global economy

The Independent UK

Apec meet to find 'balance' in post-Covid recovery

Prime Minister Prayut Chan-o-cha expects the upcoming 12th Apec High‐Level Meeting on Health and the Economy to serve as a global forum to discuss medical innovations and measures to strike a balance between public health security and economic recovery.

Bangkok Post

US economy flashes signals of hope and concern in mixed data

WASHINGTON — Data this week generated a mixed report card of the U.S. economy, showing both resilience in the face of high inflation and signs of troubles ahead.

Tribune News Service

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The Guardian - UK

Growing pains: China’s faltering economy tests leadership’s nerve

Beijing is in a bind over harsh Covid lockdowns, a property crisis and tensions with western trading partners

The Guardian - UK

Europe on the brink: the states battling to stave off recession

War, drought and Covid have blighted prospects not just in Britain but continent-wide. Which countries are most at risk?

The Independent UK

For Republican governors, all economic success is local

Texas Gov. Greg Abbott often knocks President Joe Biden for the country's high rate of inflation and fears of a looming recession

Tribune News Service

‘Just shocking’: Inflation buoys GOP’s hopes to flip Senate seat

The Las Vegas Strip is again teeming with tourists, its casinos are minting billions and more people than ever are now working in Nevada. But soaring housing costs and gasoline prices have handed Republicans an opportunity to flip a U.S. Senate seat and reverse years of Democratic gains in the…

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The Independent UK

Greece rid of budget watch but inflation, energy woes bite

Greece's close financial oversight by European Union creditors is ending

Daily Record

Crime gangs having field day as rural felonies cost Scots economy £1.8m a year

Jane Hamilton writes on the multi-million-pound bonanza for crime gangs who target rural areas and move their operations into the agriculture sector.

Newcastle Herald

A 'green' electric future will still need mining and minerals

Roy Green: we need the minerals to reshape economy

Bangkok Post

Doctors warn of 4am booze plan flaws

Doctors have warned against the government's plan to extend the operating hours of pubs to 4am to boost the economy, citing the potential for more road accidents and the risk of further Covid-19 infections.

Benzinga

Are We Really Headed For A Recession? Here's What State Unemployment Rates And Payroll Employment Mean For The Economy

Although the U.S. has experienced two declining quarters of GDP, defined as a technical recession, many are left wondering whether the economy is really in a recession as unemployment rates remain at historical lows of 3.5%.

Bangkok Post

Apec to cooperate to boost tourism

Tourism ministers from across Asia-Pacific have expressed concerns over the damaging effects of Covid-19 on the economy and travel industry, but failed to reach a consensus on all issues due to certain sensitivities.

Bangkok Post

Visas extended to boost tourism

The Centre for Covid-19 Situation Administration (CCSA) has approved longer visas for foreign visitors to the country from Oct 1 until March 31 as part of efforts to revitalise the economy as the pandemic eases, the agency said on Friday.

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