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The Latest Breaking News from Economy

Commentary: Biden’s economy is steering us into recession

If you’re having trouble making it from paycheck to paycheck, you’re hardly alone. A majority of Americans tell pollsters they feel the economy is not in good shape and getting worse. People are now demonstrably poorer than when President Joe Biden took office. Although wages have risen, prices have risen…

Tribune News Service

Sri Lanka's crisis is not just about the economy, but a long history of discrimination against minority groups

Sri Lanka is in the grip of an economic, political and humanitarian crisis.

The Conversation

FTSE 100 Live: JP Morgan earnings fall short, big US rates rise expected

Financial results from JP Morgan Chase and Morgan Stanley fell short of expectations as inflation and interest rate pressures hit the US economy.

Evening Standard

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Biden, on Middle East tour, is battered by inflation and low approval ratings at home

The sobering numbers, caused by high energy prices, will be top of the agenda as president visits the Middle East

The Guardian - US

With tax cuts pledges galore, the Tories are out of touch with economic reality

Labour would never be allowed to get away with the fantastical rhetoric of these Conservative leadership contenders, says Guardian economics editor Larry Elliott

The Guardian - UK

Unemployment plunges to 3.5 per cent, with nearly 90,000 jobs added in June

Australia's official unemployment rate drops to 3.5 per cent, with an estimated 88,400 jobs added to the economy last month.

ABC News

Subdued spending in second half

Most industry chiefs believe private consumption in the second half is expected to remain flat, limited by pressure from high energy prices and the prolonged pandemic.

Bangkok Post

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Stay home with Kempinski

Sindhorn Kempinski Hotel Bangkok recently launched the Unique Escape Package where guests can enjoy a staycation in style and a chance to get away while still in the capital.

Bangkok Post

China's big tech problem: even in a state-managed economy, digital companies grow too powerful

China’s digital economy has advanced rapidly over the past two decades, with services, communications and commerce moving online.

The Conversation

EXPLAINER: Why Iran cracks down at home, cozies up to Moscow

Backed into a corner by the West, Iran is ramping up uranium enrichment, clamping down on dissent over its worsening economy and deepening ties with Moscow

The Independent UK

EXPLAINER: Why US inflation is so high, and when it may ease

Inflation’s relentless surge didn’t merely persist in June

The Independent UK

What's happening in Sri Lanka and what comes next

The double whammy of government and economic instability is further complicating recovery, and the country is hurtling toward bankruptcy.

WEKU

Article withdrawn on July 13 2022

We published a story in July 2019 entitled “How gig economy gives a mental health boost to workers – new research” which we have removed from our site.

The Conversation

Equinor (EQNR) Scores Deal To Acquire East Point Energy

Equinor ASA EQNR entered an agreement to acquire battery storage developer East Point Energy LLC, marking its entry into the U.S. power market through flexible assets. The agreement backs Equinor's strategy of a clean energy economy and would provide a forum to expand its contributions in the United States.

Benzinga

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The Times of India

Indian economy to grow 7.1-7.6% in current fiscal: Report

NEW DELHI: Indian economy is projected to grow 7.1–7.6 per cent in the current financial year despite shifting geopolitical realities across the world, a report said on Wednesday.

Tribune News Service

Big Tech’s reckoning won’t stop with Uber

Life for big tech companies looks increasingly different to how it did five years ago. Back then, Uber Technologies Inc. used a secret “kill switch” to thwart police from probing its data systems in more than a dozen countries. It forged into cities where its gig-economy model broke local rules,…

Daily Mirror

Cheap Chinese steel 'set to flood UK if trade measures are axed'

The warning comes after the Trade Remedies Authority recommended scrapping protections aimed at stopping imports of low-cost metal overwhelming British producers

Axios

Scorching inflation hit 9.1% in June, highest since 1981

The price shock is tanking Americans' view of the economy.

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The Independent UK

UK economy shows unexpectedly strong growth in May

Britain’s economy showed unexpectedly strong growth in May, with the three major components of production— manufacturing, construction and services — all posting gains

The National (Scotland)

Scotland reacts to Rishi Sunak's pledge to 'run economy like Thatcher'

SCOTS have reacted in outrage after Tory leadership frontrunner Rishi Sunak pledged to “run the economy like Margaret Thatcher”.

Los Angeles Times

Commentary: The Sriracha shortage, or as my wife might call it: Our long, heatless summer

We all have a very full platter this summer. A sinking economy. Scandalously high gas prices. An obstinate, and reemerging, coronavirus. War in a foreign land. Cryptocurrency collapse. And then there are the shortages. Tampons, baby formula and the one my wife brought to my attention — the Sriracha shortage.

Birmingham Post

Economy Minister Vaughan Gething on tourism taxes, holiday home rules and Brexit

The minister was in North Wales and defended moves to add taxes and rules on the tourism sector

The Guardian - UK

Surprise news of UK growth masks increasing pain from inflation

Analysis: May is only one month and there is likely to be a sharp contraction in June

The Times of India

Explainer: Why Sri Lanka is in economic freefall and Gotabaya Rajapaksa fled

COLOMBO: Sri Lanka’s president has fled the country and the prime minister has promised to resign in the face of massive protests and the economy’s collapse.

Evening Standard

FTSE 100 Live: US inflation highest since 1981, UK economy posts surprise growth

US inflation data soared past analyst expectations to hit 9.1% in June, the higest jump since 1981.

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People

Kriengkrai Thiennukul

Marisa Sukosol Nunbhakdi

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