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The Latest Breaking News from Economy

Rail union and climate campaigners issue joint call for public transport inquiry

The rail union joined environmental activists in writing to a committee demanding a 'full comprehensive inquiry' into rail services in Scotland.

The National (Scotland)

‘Squandered goodwill’: How Buhari failed Nigeria a second time

From the economy to security, Buhari’s legacy will be one of missteps and misdeeds as he hands over power, analysts say.

Al Jazeera

Nigeria's new President Tinubu promises economic reboot

Nigeria's new President Bola Tinubu vowed at his swearing-in on Monday to expand the economy by at least 6% a year, lift barriers to investment, create jobs and unify the exchange rate, while also tackling rampant insecurity.

Reuters

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Closing gender pay gap will boost growth, Labour says

Opposition says economy needs to ‘work for working women’ if they are to return to employment

The Independent UK

Thai economy resilient, on path to full recovery: Arkhom

Thailand's economy is on a solid path to recovery and showing resiliency, helped by good revenue collection and a normalisation of its tourism sector, while inflation should come in below 3% this year, the finance minister said on Monday.

Bangkok Post

A tall order for the new government

An online entrepreneur using the alias Maddy was among the record turnout of almost 39 million Thais who cast a ballot in the general election earlier this month.

Bangkok Post

Rethink MFP wage plan

The Move Forward Party (MFP) policy to immediately increase the daily minimum wage to 450 baht and adjust it annually to keep up with inflation is generating widespread debate. While the intention to support unskilled workers may be noble, it is crucial to acknowledge the potential impacts on businesses and…

Bangkok Post

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Job Openings, Chicago PMI and Other Key Things to Watch This Week

The general market ended the week basically flat with the S&P 500 ($SPX) (SPY) being up 0.33% on the week. That does not tell the full story of the week though, there was some excitement and letdown in US politics that moved the market a bit after hours and then…

Barchart

Sure Start director says childcare reform is for UK economy not children

Naomi Eisenstadt, first programme lead, says there is lack of attention on what childcare is actually for

The Guardian - UK

France in 'close discussions' with agency over debt rating

France is in "very close talks" with debt rating agency Standard and Poor's, Prime Minister Elisabeth Borne said Sunday, after a downgrade from rival Fitch reignited government finance concerns in the EU's second-largest economy.

Radio France Internationale

Terrible week for Sunak and Hunt puts election victory all but out of reach

Praise from the IMF and optimism on inflation have given way to echoes of last autumn’s turmoil

The Guardian - UK

Nigeria's Buhari defends election outcome, economic record

Nigeria's President Muhammadu Buhari on Sunday defended his record on the economy and the outcome of a disputed presidential election, saying he was leaving a legacy of credible and fair votes, a day before he hands over power to his successor.

Reuters

The Observer view on Britain’s economy: it is very sick, but there are remedies

Austerity, Brexit and catastrophic fiscal decisions have inflicted long-term damage to Britain’s productive capacity. Labour is offering the renewal it so badly needs

The Guardian - UK

Biden, McCarthy reach tentative deal to raise US debt ceiling

Deal raises debt limit for two years while capping spending, but uncertainty remains on whether it can pass Congress.

Al Jazeera

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Reuters

Biden, McCarthy reach tentative US debt ceiling deal

U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal to suspend the federal government's $31.4 trillion debt ceiling on Saturday evening, ending a months-long stalemate.

The New Daily

Tentative deal struck to raise US debt limit and avert default crisis

Biden and top Republican Kevin McCarthy have reached a tentative deal to raise the federal government's $US31.4 trillion debt ceiling

The Canberra Times

'Could not deal with all the clothes': Canberrans' penchant for purchasing examined

Circular economy strategy to look at textile solutions.

Reuters

Pacific islands, in spotlight, to push climate change in South Korea summit

Pacific island leaders will meet South Korea's President Yoon Suk Yeol in Seoul on Monday, their third summit in a week with a large economy as the region seeks stronger action on climate change as it becomes a focus of geopolitical power attention.

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WEKU

Turkey's runoff election will decide if Erdogan extends his 20-year rule

After an inconclusive round one, Sunday's vote should decide whether citizens still want President Recep Tayyip Erdogan in charge for another five-year term, and he could have an edge to win.

Fortune

Democratic veterans from 2 decades of budget wars say the national debt isn't worth holding the U.S. and global economy 'hostage'

"If the future is what you care about, then doing things that hurt the future doesn't make sense.”

Bangkok Post

Opportunities in a global and Thai economic storm

The global economy and investment climate have been quite volatile this month. Most economic figures have begun to show signs of slowing down, while events that affect investment have been mostly negative.

The Independent UK

More than 1.5m premium economy Avanti journeys made in past two years

Avanti West Coast introduced standard premium fares in May 2021.

Bangkok Post

Planning unit emerges from the shadows

The Commerce Ministry established the Trade Policy and Strategy Office (TPSO) in 2015 primarily to support the development of the economy through trade and economic data.

Fortune

Top economist David Rosenberg says we're already in a recession, but 'nobody has noticed'

Experts widely predicted a recession, but Rosenberg says we're already in one—we just haven't been looking at the right data.

The Guardian - UK

Rishi Sunak warned over possible UK recession in 2024

High inflation likely to push interest rates above 5% and force up mortgage and loan payments just ahead of election

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