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The Latest Breaking News from Economy

Reform needed for towns and small cities to benefit from full 5G – new research

The report warns that the difference between an attractive and an unattractive investment environment is worth £7bn per year to the UK economy by 2030

Wales Online

US economy slipped 1.6% to start year; return to growth eyed

The U.S. economy shrank at a 1.6% annual pace in the first three months of the year even though consumers and businesses kept spending at a healthy pace, the government reported Wednesday in a slight downgrade from its previous estimate for January-March quarter

The Independent UK

Discounts coming: We have too much stuff

Wholesale and retail stockpiles continue to mount just as demand seems to be slowing.

Axios

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Power saving urged again to avert crunch

The Economy, Trade and Industry Ministry on Wednesday maintained its power crunch warning for the area served by Tokyo Electric Power Company Holdings, Inc., and decided to continue it Thursday.

The Japan News/Yomiuri

Chile's new leftist president gets reality check as support wanes

The optimism engulfing Chile's leftist President Gabriel Boric as he took power in March has dimmed as inflation, social unrest and political missteps dent his popularity and fuel doubts about a push to steer the economy away from market-friendly policies.

Reuters

Job cuts are rolling in. Here's who is feeling the most pain so far

Tesla, JPMorgan, Netflix, Redfin and Coinbase are among companies that are cutting jobs. While layoffs are contained to the hottest parts of the economy, there's fear they could spread elsewhere.

WEKU

Air New Zealand is launching bunk beds for economy passengers

Airline’s new and re-fitted planes will have six Skynest ‘sleep pods’ to book

The Independent UK

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What's driving Uber's historic agreement with the TWU on gig work

Uber Australia has struck a historic agreement with the Transport Workers’ Union – a statement of principles that re-regulate work in the Australian rideshare and food delivery industry.

The Conversation

Tourist rush bolsters outlook for economy, baht

Foreign tourist arrivals into Thailand are set to beat official forecasts with the lifting of pandemic-era restrictions, a rare positive for the nation’s Covid-battered economy and currency.

Bangkok Post

Gas lines and scuffles: Sri Lanka faces humanitarian crisis

Sri Lanka’s economy, which a few years ago enjoyed strong growth that provided jobs and financial security, is now in a state of collapse, dependent on aid from India and other countries as its leaders desperately try to negotiate a bailout with the International Monetary Fund

The Independent UK

Getting Sri Lanka out of the economic mess

As the crisis in Sri Lanka gets more acute, its government and central bank need to take difficult but necessary steps to turn things around.

The Hindu

Air New Zealand to install world-first economy bunk beds on long-haul flights

By 2024, passengers will be able to book four-hour sessions in flat sleeping pods on ultra-long-haul routes

The Guardian - AU

More than two-thirds of businesses facing skills shortage, survey shows

Firms are seeing trading hit or growth stalled because of a lack of trained employees that is acting as a drag on the economy

Wales Online

Landmark gig worker protection agreement struck between Uber and Transport Workers' Union

The landmark agreement comes after a family was this week awarded $830,000 as compensation after their son was killed while working as a food delivery driver in Sydney.

ABC News

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StockNews.com

Stocks to Fall MUCH FURTHER this Bear Market Cycle

Spoiler alert...the bear market is not over. Unfortunately history shows that the S&P 500 (SPY) has much further to fall to squeeze out excess valuation. That is just a natural part of the bear market process that is properly explained in this timely market commentary. More importantly, this commentary provides…

The Times of India

‘Digital economy to contribute US $ 1 trillion ’

VADODARA: Digital economy will contribute US$ 1 trillion in the projected US$ 5 trillion Indian economy. This is what Rajeev Chandrasekhar, union minister of state for electronics and information technology, skill development and entrepreneurship, said here on Tuesday.

Daily Mirror

Nissan Juke Hybrid review: 'New car offers style and comfort, but not the best economy'

Colin Goodwin says the new Nissan Juke Hybrid Tekna compact crossover - whichcosts £28,750 - has aslightly different styling to its conventional cousins with a partially blanked front grille

Benzinga

Kim Jong-Un Braces For Another Jolt To North Korea Economy Due To Anticipated Floods

North Korea's beleaguered economy, which recently bore the brunt of COVID-19 for the first time, is again in trouble as the country braces for floods with the early monsoon.

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Tribune News Service

China cuts travel quarantine in biggest COVID zero shift yet

China reduced quarantine times for inbound travelers by half, the biggest shift yet in a COVID-19 policy that has left the world’s second-largest economy isolated as it continues to try and eliminate the virus.

The Conversation

'Influencer' is now a popular career choice for young people – here's what you should know about the creator economy's dark side

A 2019 poll found that children would rather be YouTubers than astronauts. It made headlines and led to plenty of grumbling about “kids these days”. But it’s not surprising that young people – up to 1.3 million in the UK – want to make their income by creating social media…

Al Jazeera

Yemeni currency devaluation persists, despite new leadership

President Rashad al-Alimi has toured the Gulf looking for more funds for the country’s war-damaged economy.

Axios

The West’s economic war with Russia is at a stalemate

Russia’s economy is expected to contract by 10% this year — but in the West, high energy and food prices have eroded support for leaders.

The National (Scotland)

Oil and gas contributes £16bn to Scottish economy, new study finds

THE oil and gas sector contributes £16 billion to the Scottish economy and provides more than 82,000 jobs, new research by a trade body for the…

The Guardian - AU

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

Asharq Al-Awsat

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…

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