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The Latest Breaking News from Economy

BJP govt has ruined country's economy, says Rahul Gandhi

Congress leader Rahul Gandhi on Monday accused Prime Minister Narendra Modi of destroying the country's economy, which was "strengthened" by the former UPA government. Read more on Dynamite News:

Dynamite News

Onshore wind contributes £106m in rates to Scotland’s economy

Scottish Renewables analysis suggests that payments were highest in the Highland Council area

Insider UK

Shanghai targets June COVID lockdown exit as China economy slumps

Shanghai set out plans on Monday for the end of a painful COVID-19 lockdown that has lasted more than six weeks, heavily bruising China's economy, and for the return of more normal life from June 1.

Reuters

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'Tough decisions' ahead as Welsh Government puts money into scheme amid claims EU cash not replaced

Economy Minister, Vaughan Gething said the Government is stepping in to fund the expansion of the Communities for Work Plus (CfW+) employability programme.

Birmingham Post

Wind farms boosting Scottish economy with millions in tax

GREEN energy bosses have highlighted the contribution onshore wind farms make to Scotland’s economy – with such sites paying more than £100…

The National (Scotland)

China’s economy slows sharply as ‘zero COVID’ pummels activity

Lockdowns in dozens of Chinese cities drag consumption and industrial production to lowest levels since early 2020.

Al Jazeera

China's economy slumps from COVID-19 lockdowns, ASX rises as Brambles considers $20b takeover bid

Australian shares closed higher after a mixed day of trading, after China revealed that its economy had suffered a worse-than-expected slump in April as a result of its widening COVID-19 lockdowns.

ABC News

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Onshore wind contributes £106m in rates to Scotland’s economy, industry says

Scottish Renewables said the figure shows the benefits of wind farms are not just environmental.

The Independent UK

Beware a global economy with many little fires

Big shocks to the global economy, such as Russia's invasion of Ukraine, understandably capture the most attention. But a new worldwide pattern of "little fires everywhere" may be equally consequential for longer-term economic well-being. Over time, these small fires can coalesce into one that is just as threatening as the…

Bangkok Post

Humans have big plans for mining in space – but there are many things holding us back

Like Earth, planetary bodies such as the Moon, Mars, asteroids and comets contain substantial deposits of valuable resources. This has caught the attention of both researchers and industry, with hopes of one day mining them to support a space economy.

The Conversation

Australia's insolvency drought might end with an unwanted flood

As the pandemic roared in during early 2020, rapid and astonishing shifts were made to prop up an economy sledgehammered by lockdowns, restrictions and fear.

ABC News

Chinese techno-nationalism more than mere propaganda

After decades of lagging behind, China’s technological innovation competes on the world stage. It has helped define what Chinese nationalism looks like today, writes Jun Zhang.

Newsroom.co.nz

China’s struggles delight some – but should make us all nervous

Covid has amplified the threats that accompany the country’s role as an economic superpower

The Guardian - UK

Biden’s midterm hopes bedeviled by signs of economy in distress

President Joe Biden’s hopes for a political reset have been overwhelmed by an unrelenting series of economic setbacks, adding to the challenges Democrats face as they court exhausted voters ahead of the crucial midterm election in November.

Tribune News Service

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Asharq Al-Awsat

PIF Launches Saudi Coffee Company to Further Enable Kingdom’s Food and Agriculture Sector

The Public Investment Fund (PIF) announced on Sunday the launch of the Saudi Coffee Company. The company has been established to enable Saudi Arabia’s coffee bean to be a global product in the future, and will play a vital role in developing sustainable coffee production in the southern Jazan region,…

The Times of India

Cryptos can lead to dollarisation of economy: RBI officials to parliamentary panel

NEW DELHI: Cryptocurrencies can lead to "dollarisation" of a part of the economy which would be against India's sovereign interest, top officials of the RBI have told a parliamentary panel, according to sources.

Tribune News Service

Midwest at greater risk for rolling blackouts

MINNEAPOLIS — Electricity demand on the Midwest's grid is expected to be strong this summer, with hot weather and a growing economy sucking plenty of juice.

The Guardian - AU

Factcheck: Scott Morrison says Australia is a world leader in Covid recovery. Is he right?

It wasn’t a race, the prime minister famously said, yet now he’s claiming the win. Here’s how the numbers –on jobs, vaccines and the economy – really stack up

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The Guardian - UK

The Northern Ireland protocol is said to be a blight on regional economy. That’s just not true

After an initial shock to businesses, manufacturing jobs are growing four times faster here than the UK average

Asharq Al-Awsat

Iraq's Prized Rice Crop Threatened by Drought

Drought is threatening the Iraqi tradition of growing amber rice, the aromatic basis of rich lamb and other dishes, and a key element in a struggling economy. The long-grained variety of rice takes its name from its distinctive scent, which is similar to that of amber resin.

Birmingham Post

Recruitment campaign for Wales Tourism Week to help meet massive sector staff shortage

Many businesses are being held back by staffing challenges and Welsh Government wants to get more people into the sector

The National (Scotland)

Rethinking Scotland: Can the nation lay down a vision of a new era?

WAY back in 1975, when a young Gordon Brown believed in social democracy, he edited what became the influential Red Paper on Scotland. Brown was…

The Guardian - UK

Why the UK’s dire rates of sick pay bode ill for the economy

Only the US and South Korea take less care of those off work ill. Experts call it ‘reckless and counterproductive’

The National (Scotland)

This game could damage the world economy: Frankfurt gripped by final fever as fans dream of greatest ever glory

SEEING his beloved Eintracht Frankfurt lose on penalties to Chelsea in the Europa League semi-final back in 2019 was devastating for uber fan Alex…

The Hindu

State of economy cause of 'extreme concern': Chidambaram

Senior Congress leader Chidambaram said a slower rate of growth has been the "hallmark" of the present government in the last eight years and the post-pandemic recovery has been "indifferent and halting"

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