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The Latest Breaking News from Economy

Australia might not be in a recession but households are about to feel as though they are

People are spending less money, which means trouble for the economy. But it hasn’t hurt big business

The Guardian - AU

ThaiBev CEO extols virtues of ESG, collaboration

The sufficiency economy philosophy could be the key to achieving a healthy environmental, social and governance climate in the corporate sector, according to Thapana Sirivadhanabhakdi, president and CEO of Thai Beverage Plc (ThaiBev).

Bangkok Post

Morgan Stanley analysts see a fall for commercial real estate 'worse than in the Great Financial Crisis'—BofA disagrees for 3 key reasons

Bank of America: "We conclude that the [CRE] challenges are real and significant, but, for several reasons, they are manageable and do not represent a systemic risk to the U.S. economy"

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Turkey's Erdoğan took a page from US presidents and boosted reelection campaign by claiming to have killed a terrorist

When Turkish President Recep Tayyip Erdoğan claimed credit on April 30, 2023, for killing Islamic State group leader Abu al-Hussein al-Husseini al-Qurashi in Syria, it may not have been simply a straightforward announcement of victory over the leader of a terrorist group.

The Conversation

Welcome to America! Now learn to be in debt

The U.S. economy counts on you to borrow money and stay in debt for a credit score. But what if you were taught to never owe anybody anything?

WEKU

'I always check in for flights last minute to bag the best seats in economy'

A canny traveller has worked out how to use the Wizz Air booking app to secure extra leg room on the budget airline - almost every time - without paying any extra

Daily Mirror

Recycled plastic can be more toxic and is no fix for pollution, Greenpeace warns

Campaign group says plastics are incompatible with circular economy as countries prepare for treaty talks

The Guardian - UK

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All signs point to lower economic growth than usual

The national economy is tracking toward a contraction in activity, with the patchy performance expected to continue into next year.

AAP

MFP to go easy on wage hike

Move Forward Party (MFP) leader Pita Limjaroenrat said a coalition government under his leadership would not raise the minimum daily wage to 450 baht immediately but would ensure a reasonable increase without causing damage to industry or the economy.

Bangkok Post

Delivering justice to food deliverers

Motorcycle riders in bright jackets weaving through traffic to deliver meals to their customers are a common sight on city streets. They are the workhorses of Thailand's booming gig economy. Yet they work without any basic labour rights or protection.

Bangkok Post

Central Pattana unveils Pride festival activities at Thai malls

Central Pattana, the real estate developer and operator of Central malls, is joining hands with the UN Development Programme (UNDP) in Thailand, the Bangkok Metropolitan Administration (BMA), Galderma Thailand, Muse by Metinee, Bangkok Pride and Tiffany's Show Pattaya Co to promote the Thailand Pride Celebration 2023.

Bangkok Post

Don't ignore the climate elephant in the room

Now that the falsehoods and obfuscation of climate denialism have finally been silenced, addressing climate change has become the world's top priority. But time is running out, and the International Monetary Fund warns that any further delays in implementing policies to mitigate global warming will only add to the economic…

Bangkok Post

Government revenue beats target amid growth

The Finance Ministry reported government revenue collection for the first seven months of fiscal 2023 (October to April) exceeded the target by 112 billion baht, mainly contributed by agencies other than the Revenue Department, says Pornchai Thiraveja, director-general of the Fiscal Policy Office.

Bangkok Post

Prayut allays fears over transfer of power

Prime Minister Prayut Chan-o-cha on Tuesday assured the nation of a smooth transition from the caretaker government to the new government, adding that sufficient measures are being maintained to shore up the economy during the process.

Bangkok Post

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ABC News

NT agribusiness strategy eyes new cropping, cotton gins in aim to grow sector to $2 billion

The NT government's strategy proposes changing laws to allow pastoral leases be used for growing crops, as environmental groups accuse the government of again acting recklessly to grow the economy.

Ballotpedia

State financial officers inquire about ESG

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Fortune

‘Greedflation’ takes a turn: Republicans’ hatred of Joe Biden’s economy makes them easy prey for ‘profit-led inflation episodes,’ UBS chief economist says

Look closely at the Michigan consumer sentiment data, Paul Donovan says: “The detail is hilarious…The two groups appear to be living on different planets.” It was flipped under Trump.

Barchart

Is Chevron a Buy With Latest Deal for Shale Growth?

Chevron’s all-stock deal to buy PDC Energy looks like a slam dunk. The only fly in the ointment for the oil giant is an uncooperative economy combined with a lower price per barrel of oil.

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news in one place.

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The National (Scotland)

Why GDP doesn't work, and what Scotland should replace it with

LAST week the Beyond Growth Conference, the biggest European conference to discuss an alternative economic model, took place in Brussels. Over…

PC Gamer

War Thunder fans organise extraordinary review bombing campaign over reverted economy changes, studio pleads: 'If your goal is not to hurt the game, please use other, less destructive ways'

"It's become pretty well as bad as most Gacha games."

Reuters

Safeguarding economy a priority, Dutch foreign minister says in China

Safeguarding the Dutch economy and cyberspace is a priority for the Netherlands, Deputy Prime Minister and Foreign Minister Wopke Hoekstra said in China on Tuesday as Western governments adopt an increasingly defensive stance towards Beijing.

The Guardian - UK

Why the panic over rising immigration? The post-Brexit system is working

Wages remain a problem, but rising numbers of skilled non-EU workers appear to be helping the NHS, social care, and indeed the overall UK economy, says Jonathan Portes of King’s College London

StockNews.com

3 Buy-Rated China Stocks to Supercharge Your Portfolio

After lifting its strict pandemic restrictions, the Chinese economy has rebounded strongly, driven by consumer spending. Analysts expect the country to continue growing this year. Given this backdrop, it could be wise to buy promising China stocks Vipshop (VIPS), New Oriental Education & Technology Group (EDU), and Weibo (WB). These…

The Conversation

Degrowth isn't the same as a recession – it's an alternative to growing the economy forever

The UK economy unexpectedly shrank by 0.3% in March, according to the Office of National Statistics. And though the country is likely to narrowly avoid an official recession in 2023, just as it did the previous year, the economy is projected to hit the worst growth rates since the Great…

Evening Standard

OPINION - The latest Suella saga shows us just how weak and desperate Sunak is

I am rapidly concluding that Rishi Sunak is, in fact, a malfunctioning protocol droid from the Star Wars universe: C3PM. In response to almost any question, he robotically answers with his “five pledges”. What would you like for your main course, Prime Minister? “We will halve inflation, grow the economy...”

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