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The Latest Breaking News from Economic Growth

First Republic's failure may lead to other woes

Struggling banks — even if they're not failing — are bad news for economic growth.

Axios

Karnataka Assembly elections 2023 | Shorn of silicon sheen in the rough and tumble of politics

Karnataka Assembly elections 2023 | Karnataka’s capital, which is known as the Silicon Valley of India and is the economic growth engine of the State, has mostly been in the news for all the wrong reasons over the past few years.

The Hindu

Amazon results beat estimates but slowing cloud growth rattles investors

Amazon posted higher-than-expected revenues and profits for Q1 2023, but slowing growth in its profit-generating AWS cloud services sector sent shares tumbling after hours. Also in this edition: US economic growth slows sharply in the first quarter, and Paraguay's upcoming election on Sunday could have big geopolitical consequences for Taiwan.

France 24

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OPEC: We Do Not Target Oil Prices, IEA Should be 'Very Careful'

The International Energy Agency (IEA) should be "very careful" about discouraging investment in the oil industry, which was vital for global economic growth, announced OPEC Secretary General Haitham al-Ghais. Ghais warned that such statements could lead to oil market volatility in the future. He said that the Organization of the…

Asharq Al-Awsat

Westpac forecasts RBA is done with rate hikes, ASX finishes higher, Coles' quarterly revenue climbs — as it happened

The ASX gains ground as Westpac forecasts the RBA will leave rates unchanged at its meeting next week. Look back on the day's events with our blog.

ABC News

Retail market demonstrating solid signs of improvement

Driven by economic growth and a rebound in tourism, the retail property market has been steadily improving since the fourth quarter of last year, with a prediction that it will return to normal by 2024, according to consultants.

Bangkok Post

US growth cools in first quarter

WASHINGTON: US economic growth lost steam in the first quarter this year, the Commerce Department said on Thursday, as the possibility of a mild recession brews while consumer spending weakens.

Bangkok Post

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House GOP readying economic package with business tax breaks - Roll Call

House Republicans are preparing to take up some favored tax breaks as part of a broader package aimed at spurring economic growth.

Roll Call

Thai growth slashed based on weak exports

The Fiscal Policy Office (FPO) has downgraded its forecast for Thai economic growth this year to 3.6% from 3.8%, mostly based on expectations of an export contraction.

Bangkok Post

Finance Ministry trims growth forecast

The Finance Ministry has lowered its 2023 economic growth outlook to 3.6% from 3.8% projected earlier, on expectations of a fall in exports as global demand weakens.

Bangkok Post

Oil Prices Stable as Investors Ponder China Demand, Rate Hikes

Oil prices held steady on Tuesday as investors weighed strong holiday travel in China that could boost fuel demand against the prospect of rising interest rates elsewhere, slowing economic growth. Brent crude fell 3 cents to $82.70 a barrel at 0620 GMT, while US West Texas Intermediate crude also eased…

Asharq Al-Awsat

Stock markets today: Asia mixed ahead of US earnings

Asian stocks are mixed after Wall Street edged higher as investors awaited U.S. earnings reports and an update on economic growth

The Independent UK

Schizophrenia being displayed at the IMF

It has taken far too long, but it seems that the International Monetary Fund has finally internalised some hard truths about sovereign-debt reduction. Chief among them is that growing economies have an easier time repaying. As such, fiscal consolidation -- the organisation's favoured strategy -- undermines efforts to reduce debt-to-GDP…

Bangkok Post

BJT pushes land bridge project in South

The Bhumjaithai Party is vowing to push for a "land bridge" that will connect the Andaman Sea with the Gulf of Thailand, saying the project will help spur economic growth in the South.

Bangkok Post

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The Independent UK

PM to kick off business conference aimed at boosting UK’s economic growth

Rishi Sunak said the Business Connect event would bring the UK’s biggest companies and investors together for ‘meaningful dialogue’.

The Guardian - UK

Clock watching: meet the artist who thinks time is ruining our lives

‘Clock time’, all about productivity, money and economic growth, threatens to destroy us, says artist Jenny Odell. But there are other kinds of time, and we need to learn to embrace them

Dynamite News

Economic growth alone is not enough to end rabies: Study

According to a recent study from the University of Surrey, economic development may not be enough to achieve the internationally agreed-upon goal of eliminating human mortality from dog-mediated rabies. Read further on Dynamite News:

The Denver Post

Has Denver lost its edge? Colorado’s biggest counties are losing population

The entire northern Front Range, especially metro Denver, was a hot spot coming out of the Great Recession, drawing in young workers from all over the country. But that important driver of economic growth last decade looks like it has stalled and in some areas reversed.

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Asharq Al-Awsat

Why Saudi Arabia Transfered 4% of Aramco Shares to PIF Subsidiary?

Saudi Arabia's Crown Prince Mohammed bin Salman announced Sunday the transfer of a 4% stake of the oil giant Saudi Aramco to Sanabil Investments, a subsidiary of the kingdom's Public Investment Fund (PIF). Experts interviewed by Asharq Al-Awsat said the move supports PIF’s flexibility in capturing local and global investment…

Asharq Al-Awsat

India Will Pass China to Be Most Populous Nation by Mid-2023

India is on track to surpass China by mid-2023 as the world’s most populous nation, United Nations data said Wednesday, raising questions about whether a booming, young Indian population will fuel economic growth for years to come. While India's 254 million people between ages 15 and 24 is the largest…

Daily Mirror

Trade summit 'to shape election manifestos and tackle UK's dire economic growth'

International campaign group Best for Britain has organised a conference in Birmingham to hear ideas which could influence parties' manifestos for the next election

Asharq Al-Awsat

IMF: Private Sector Investments Will Drive Saudi Economic Growth

Saudi Arabia’s budget will achieve more financial revenues following a production cut announced by the Kingdom with OPEC and its allies, according to the International Monetary Fund (IMF), thanks to higher crude prices. “The impact on the budget and on the external position relative to what we had projected is…

The Guardian - UK

FTSE 100 racks up eighth day of gains despite rising insolvencies and unemployment – as it happened

More firms are at risk of tipping from ‘danger’ to ‘distress’, experts warn, as businesses are hit by soaring costs and weak economy

The Independent UK

Stock market today: Asia mixed despite China growth data

Asian shares are trading mixed Tuesday as pessimism about global uncertainties remained even as China reported a better-than-expected economic growth data

ABC News

Did the Reserve Bank's interest rate hikes put Australia's economy on a 'knife-edge'? A major consulting firm thinks so

A major consulting firm forecasts a "consumer recession" in 2023, warning hundreds of thousands of Australian households are bleeding cash every month.

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