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The Latest Breaking News from Economy

Will Pakistan’s IMF agreement save its economy?

It could heIp Pakistan stabilise the economy, but might not improve the government’s popularity.

Al Jazeera

Biden says the economy is booming. Some voters looking ahead to 2024 don't buy it

Cindy Leonard took a break from the summer heat earlier this month to cool off on the water steps on Pittsburgh’s North Shore. The price was right, she said — free. “With the price of groceries going up, gas, electrical bills, you have to watch what you buy,” she said.

Tribune News Service

Delay poses risks to the economy

The University of the Thai Chamber of Commerce (UTCC) expects a prolonged delay in the selection of a prime minister and formation of a new government, leading to protests that, if violent, will significantly affect tourism revenue, causing a loss of 500 billion baht, or a one percentage point decline…

Bangkok Post

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Xi gets serious about boosting private sector as economy slumps

Chinese President Xi Jinping finally appears to be extending an olive branch to private businesses battered in recent years by regulatory crackdowns and the world’s most restrictive COVID-19 policies.

Tribune News Service

What CEOs really think about A.I.

Fortune ran a CEO survey, conducted in collaboration with Deloitte, to find out what top leaders think about recent A.I developments.

Fortune

Rishi Sunak making economy even worse than ‘arsonist’ Liz Truss, says Labour

Exclusive: ‘The grown-ups have got us into an even worse position,’ says Rachel Reeves – as mortgage rates rise again

The Independent UK

The leeches aren’t healing our sick economy, so Hunt and Bailey will only prescribe more

City comment: Jeremy Hunt thinks the main problem is that you and I just have way too much money

Evening Standard

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‘Suit up for the backlash!’: The battle to regulate New York’s gig economy

The progressive politician Brad Lander says his attempts to establish a minimum wage for food delivery workers have met well-funded resistance from the sector’s leading companies

The Guardian - UK

Charities call for action from First Minister on wellbeing economy

MORE than 200 charities, unions, academics and campaigners have signed a letter to Humza Yousaf calling for action on the implementation of a…

The National (Scotland)

Rishi Sunak's key pledge dealt a blow as UK economy shrinks

RISHI Sunak’s core pledge to “grow the economy” has been dealt a blow after the latest statistics showed the UK economy contracted over the…

The National (Scotland)

UK economy shrinks slightly after coronation bank holiday

Contraction driven by royal occasions, meaning sectors like construction and finance lost a working day, Office for National Statistics says

The Independent UK

Pound hits 15-month high as UK GDP shrinks in May; sickness threat to economy – business live

UK GDP report for May shows that factory output and construction shrank during the month, with some blaming extra bank holiday

The Guardian - UK

‘Cause for concern but not panic’ — UK economy shrinks by 0.1% in May as bank holidays hit GDP

The extra bank holiday in May for the King’s coronation played a part in the decline

Evening Standard

UK economy shrinks by 0.1% in May after coronation festivities

GDP fell month on month after growth of 0.2% in April, reports ONS

The Guardian - UK

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Bangkok Post

Pattaya confronts slow rebound

Tourism operators on the Eastern seaboard project a restrained year in terms of revenue as Chinese visitors trickle back as their economy struggles.

Insider UK

Campaigners call for Yousaf to take action on wellbeing economy

Letter to First Minister urges use of devolved tax powers to invest in social security, universal basic services and environmental improvements

The Independent UK

Biden wants voters to notice inflation drop. Republicans say people are put off by everyday prices

The politics of inflation took a sharp turn with a new report showing consumer prices rose at the slowest pace since the early months of Joe Biden’s presidency

The Guardian - UK

The Guardian view on economic decline: Labour can break the doom loop

Editorial: Keir Starmer has earned the right to tell a different story about the way Britain’s economy can work

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Kiplinger

June CPI Report: What the Experts Are Saying About Inflation

Inflation eased markedly last month, but that won't keep the Fed from raising interest rates, pros say.

Newsroom.co.nz

Reserve Bank's meat is retailers' poison

Not everyone will be pleased the RBNZ's drastic measures to cool the economy appear to be working, reports Nikki Mandow

Bangkok Post

Volatile politics set to hit economy

Kasikorn Research Center (K-Research) expects the domestic political situation to be a key factor affecting the Thai economy in the second half of this year.

The Hindu

BJP signals a change in tack on Kerala’s bid built a rapid rail system

BJP signals shift in stance on SilverLine; K. Surendran visits metro rail expert E. Sreedharan, suggests high-speed railway system as viable alternative to LDF's K-Rail project. BJP leader quotes Sreedharan saying high-speed railway would serve economy better without taxing families or environment. UDF yet to respond.

The Guardian - AU

Where to next for the Australian economy, the RBA – and Philip Lowe?

The Reserve Bank governor will soon find out if his term has been extended – but economic hints from major banks tell a happier story than expected

Fortune

Back-to-school spending is expected to fall for the first time in 9 years, a $3 billion hit to the economy, survey finds

Deloitte projects an average spend per child of $597, compared to $661 in 2022 and $612 in 2021.

The Conversation

Tanzania's gas boom that never was – when local hopes are dashed by global realities

Rising international commodity prices can shape or reshape the fortunes of places. When large mining and oil and gas prospectors suddenly show an interest, a remote area can become a resource frontier – a place that’s far from the socioeconomic centre of a country but important to its economy.

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