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The Latest Breaking News from Economy

The cost of living is surging, so why will the RBA add to it by raising interest rates?

The Reserve Bank is increasingly likely to start raising interest rates next Tuesday. But why would it add increased interest costs to household budgets at a time when Australians are struggling with a surging cost of living? Michael Janda explains the economics behind it.

ABC News

Goldman Sachs Explores NFTs, Mulls Tokenizing Real-World Assets: Report

Wall Street banking giant Goldman Sachs Group Inc (NYSE: GS) is looking into tokenizing real-world assets.

Benzinga

Analysis-Hobbled by economy, Erdogan heads to Saudi to mend ties after Khashoggi U-turn

Three and a half years after accusing Saudi Arabia's leadership of murder and running a sham trial over the killing of journalist Jamal Khashoggi, Turkish President Tayyip Erdogan plans a trip to the Gulf kingdom on Thursday to mend ties.

Reuters

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Ukraine and Russia: What you need to know right now

Russia fired two missiles into Kyiv during a visit by U.N. Secretary General Antonio Guterres, Ukrainian officials said, as Moscow pressed an assault in the east that drew new U.S. pledges of military and humanitarian aid.

Reuters

Blasts hit Kyiv as U.N. chief visits, U.S. pledges new Ukraine aid

Russia fired two missiles into Kyiv on Thursday during a visit by U.N. Secretary General Antonio Guterres, Ukrainian officials said, as Moscow pressed an assault in the east that drew new U.S. pledges of military and humanitarian aid.

Reuters

Visitors trickle back, but climbing mecca Nepal seeks more

Nepal is putting a 21st-century spin on a tourism sector dominated by activities unchanged for generations as it looks to boost a vital part of an economy decimated by the COVID-19 pandemic and soaring import bills.

Reuters

SET looks to strengthen capital market

In its 48th year of operation, the Stock Exchange of Thailand (SET) is enhancing the bourse's competitiveness by providing more investment opportunities related to the new economy, foreign stocks, and digital assets to attract a new generation of investors.

Bangkok Post

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Over 1,000 factories set up over past six months

More than 1,000 new factories, mostly in the food industry, have been established over the past six months with investment worth 56.3 billion baht, a sign the domestic economy is slowly recovering, says the Department of Industrial Works.

Bangkok Post

Trump administration's $700 million loan to Kansas trucking company under fire in Congress

WASHINGTON — Federal officials Wednesday were asked to investigate whether an Overland Park, Kansas, trucking company broke federal law when securing a $700 million loan through a federal pandemic aid program — a sum that accounted for 95% of the money allocated to the program.

Tribune News Service

Colombo needs debt mechanism mini-miracle

When the economy is going well, the poor benefit more than others. But when things are going badly, it is the poor who are hurt the most. This is especially true in the case of the Covid-19 pandemic, which has hit poor countries -- and the poorest people within them…

Bangkok Post

Truss says West must overhaul approach to international security

The Foreign Secretary said the G7 should act as an ‘economic Nato’, while there must be ‘no free pass’ for nations which ignore the rules.

The Independent UK

China’s Cabinet Vows Stronger Policy to Boost Jobs Amid Covid Upsurge

State Council adds to sweeping guidelines issued Monday for bolstering the economy, offering tax and insurance cost relief for micro, small and medium businesses

Caixin Global

Net zero by 2050 will hit a major timing problem technology can't solve. We need to talk about cutting consumption

Many climate activists, scientists, engineers and politicians are trying to reassure us the climate crisis can be solved rapidly without any changes to lifestyle, society or the economy.

The Conversation

April 28th is Pivotal Day for Stock Market

Bulls and bears have been squabbling over the direction of the stock market (SPY) since the start of the year. Right now the bears are winning. But the bulls have not lost hope because the economy seems to be in fine shape. That may all change Thursday morning, April 28th…

StockNews.com

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AAP

PM must own up to inflation cause: Labor

The prime minister asks voters to trust the LNP as they brace for an interest rate rise but Labor says he must own up to his government's economic failures.

Motor1

2023 Genesis G90 In US Getting Mild-Hybrid V6 With Electric Supercharger

The EPA rates the mild-hybrid G90 as getting 20 miles per gallon combined fuel economy.

Newsroom.co.nz

Is NZ's economic growth uneconomic?

GDP is a seriously flawed indicator of human wellbeing. We have been conditioned to mistake dollar value for things that really matter, argues Jack Santa Barbara

Motor1

2022 Subaru BRZ Review: A Sharper Tool

Now with 228 horsepower and standard Apple CarPlay, the BRZ has more appeal than ever.

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Al Jazeera

Russian gas crisis: 5 things to know about Europe’s supply

Russia is cutting gas supplies to Poland and Bulgaria, and is threatening to cut off other countries in Europe.

Tribune News Service

GDP likely to show ‘misleading’ US weakness as Fed plots path

The U.S. economy’s latest report card — featuring fresh readouts on growth, inflation, spending and wages in the first three months of the year — is set to include a mix of good and bad marks.

The Independent UK

IMF sees bumper year for Arab oil producers, risk for others

The world’s economy is forecast to grow around 3.6% this year, but Arab oil exporters are seeing a windfall from high energy prices that will buoy their economies and replenish their financial reserves this year and next

The Independent UK

EXPLAINER: What's behind Russia's natural gas cutoff?

Russia's playing hardball on natural gas

StockNews.com

3 Stocks to Avoid as the Fed Hikes Rates in a Slowing Economy

Despite a seemingly weakening economy, the Fed has indicated that its forthcoming interest rate increases will be aggressive. Although interest rate hikes bode well for financial companies, fast-paced and aggressive rate increases pose the risk of an economic slowdown. Therefore, we think it could be wise to avoid Wells Fargo…

Benzinga

Wall Street Banks Slash Chinese Companies' Profit Forecasts - Read Why

Some Wall Street banks slashed their profit estimates for Chinese companies, citing the recent Covid resurgence and subsequent lockdowns, Bloomberg reports. China's Covid Zero policy has dealt a heavy blow to the economy, as stringent restrictions pressure supply chains and chill consumption. A week-long lockdown that shut down much of Shanghai…

Birmingham Post

Physics sector worth over £7bn to Welsh economy

The economic impact is now more than the construction, transport and retail sectors combined

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