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The Latest Breaking News from Economy

India poised for world-beating growth, CEA Anantha Nageswaran says

NEW DELHI: India’s strong credit demand and softening crude oil prices could buoy the economy, putting the South Asian country on course for a 6.5% expansion this fiscal year, according to a top adviser to the finance ministry.

The Times of India

Sri Lanka president vows to conclude debt-restructuring talks by Sept or Nov

Debt-laden Sri Lanka should be able to conclude a new round of restructuring talks by September or November at the latest, its president said on Thursday, adding that the negotiations had made "remarkable" progress.

Reuters

Mexican president ramps up rhetoric, economic intervention as election nears

Mexican President Andres Manuel Lopez Obrador's increasing attacks on adversaries and interventions in the economy are part of a calculated drive to cement his legacy and consolidate support for his successor in an election next year.

Reuters

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Charcoal cooking, week-long queues for gasoline: Fuel shortages slam Cuba’s countryside

Cuba’s most recent fuel shortage is crippling an already fragile economy suffering from food and medicine shortages

The Independent UK

SCB CIO sees limited impact from stimulus steps

The potential impact of the new government's stimulus measures on the economy is likely to be limited, while the stock market has already factored in risks related to political issues, says the SCB Chief Investment Office (SCB CIO).

Bangkok Post

Commentary: California teaches Florida and Texas a lesson in ESG

Back in 2015 when California had the seventh-largest economy in the world, outperforming the rest of the US, economist Irena Asmundson attributed her native state's trajectory to a government increasingly in harmony with the diversity of its constituents. The cost of clean energy will “continue to fall” because of the…

Tribune News Service

3 China Stocks to Watch

China's economy surged forward, surpassing expectations in the first quarter. As the nation unlocks its potential and rebounds from the pandemic, it could be wise to add sound Chinese stocks NetEase (NTES), Yum China (YUMC), and LexinFintech (LX) to your watchlist, which are primed for robust growth. Read on….

StockNews.com

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Rachel Reeves aligns Labour with Biden on economy in ‘securonomics’ speech

In a talk at the Peterson Institute in Washington, she also suggested the current Brexit deal would be ‘reviewed’ under a Labour government by 2025.

The Independent UK

'My wife says it's fine for me to fly First Class without her - but I feel guilty'

A husband has spoken of his dilemma at being offered a seat in first class on a business trip but being unable to bring his wife along with him for the experience

Daily Mirror

Pay attention to Rachel Reeves: her economic thinking is a return to sanity

The shadow chancellor has a vision for social democracy in an age of economic shocks and uncertainty, says Guardian columnist Martin Kettle

The Guardian - UK

‘Where is the logic?’: Georgia will not sanction Russia, says PM

Irakli Garibashvili says Georgian citizens and the nation’s economy would suffer if Tbilisi sanctioned Moscow.

Al Jazeera

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

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The Conversation

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.

WEKU

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?

Daily Mirror

'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

The Guardian - UK

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

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AAP

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.

Bangkok Post

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

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

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

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.

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