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The Latest Breaking News from Economy

Withdrawal of ₹2,000 notes will have no perceptible effect on economy: Panagariya

The RBI’s decision to withdraw ₹2,000 currency notes from circulation will not have any ‘perceptible effect’ on the economy as any such notes returned will be replaced by either equivalent cash in lower denomination notes or a deposit, former NITI Aayog Vice Chairman Arvind Panagariya has said.

The Hindu

Snub of tourism post ignites rancour

Tourism operators said they would be disappointed if tourism and sports minister is not on the wish lists of the two major political parties as has been speculated by the media, given that the sector is driving the local economy.

Bangkok Post

More than a dozen US states boast best job markets in their history

For all the talk of a slowdown in the US economy, more than a dozen U.S. states have the best job markets in their history.

Tribune News Service

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Carl Icahn bet on America to fail. Instead he lost $9 billion

A short seller accused the billionaire of covering up his losses by bribing shareholders with a dividend. Now he admits his 'mistake': 'Don't fight the fed'

Fortune

'I was mum-shamed after saying that I ditched my son in economy on a flight'

Travel influencer Karen Akpan received a lot of backlash when she posted a video of herself and husband Sylvester sitting in business class on a United plane seemingly without her son Aiden

Daily Mirror

The Greek economy is changing – but not fast enough

Greece is trying to encourage entrepreneurs to invest. But days before polls, businesses say state stands in the way.

Al Jazeera

How smoking costs the North East economy, NHS and social care almost £1bn

Campaigners want the Government to introduce a levy on tobacco firms to help reduce smoking

Chronicle Live

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UK Government semiconductor strategy risks "falling short" says Wales Economy Minister

The UK Government's long-awaited national semiconductor strategy offers up to £1bn to chip firms over the next decade

Birmingham Post

10 tips to help you sleep better on a plane

How to nod off more effectively on your travels – including insider advice from an airline executive.

Tom’s Guide

German cabinet publishes draft legislation on new citizenship rules

Germany's interior ministry published draft legislation aimed at making it easier for people to apply for citizenship, as Berlin seeks to boost migration and open up the job market in Europe's biggest economy.

Reuters

No politics, just economics— an economist’s stance on the political minefield of migration

Some thoughts on migration with a difference — no politics, just economics

Evening Standard

Opinion: Political Economy — Reverse CFIUS and Investments in China

Under a new paradigm, investors have no choice but to navigate between global investment fundamentals and national policy ambiguities

Caixin Global

Out of bailout spotlight, Greeks feeling recovery pains at election

Greeks will head to the polls on Sunday to elect a leader who will have more control over the country’s economy for the first time in over a decade

The Independent UK

Industry plan to power Qld economy towards net zero

Sustainable manufacturing, green hydrogen and biofuels are among the focus of a Queensland development strategy to reach net zero by 2050.

AAP

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The Independent UK

Most say pair debt limit increase with deficit cuts, but few following debate closely: AP-NORC poll

A new poll finds that most U.S. adults say they are highly concerned about the impact on the national economy if the U.S. debt limit is not increased and the government defaults on its loans

The Guardian - AU

PM announces new sanctions – as it happened

This blog is now closed.

USAFacts

What's behind the decline in US banks?

The US has lost 71% of its banks over the last four decades. What does this mean for the economy?

Newsroom.co.nz

Budget 2023 won't move dial on R&D 'hole'

The Govt is committed to a target of getting investment to 2% of GDP as a way to “help build a high-skill, knowledge-based and more productive economy”. This is not a Budget to get us there.

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Newsroom.co.nz

Robertson becomes ever less the visionary leader

In the Budget James Shaw was the only minister to link how a sustainable, climate-compatible economy generates wealth in all its forms. Every minister should have made variations on that theme

StockNews.com

2 China Stocks Worth Investors' Attention

As China shifts gears from reopening to a phase of economic growth, the world's second-largest economy's long-term prospects look promising. Hence, fundamentally robust stocks, Sunlands Technology (STG) and Tarena International (TEDU), which are primed for growth, could be worth investors’ attention now. Keep reading….

Barchart

EVgo (EVGO) Intrigues But Upside Will Depend on the Economy

Although EVgo fundamentally offers a sensible approach to the global electric vehicle rollout, the viability of EVGO stock largely depends on the economy.

The Independent UK

Top Lebanese official in IMF talks calls for central bank head to resign amid corruption allegations

The Lebanese official heading talks with the International Monetary Fund to bailout Lebanon’s tanking economy has called for the country’s embattled central bank chief to resign

Tom’s Hardware

Samsung 16Gb DDR5 Enters Mass Production on 12nm Node

Samsung's latest-gen DDR5 memory ICs have entered mass production on the 12nm node, and they are claimed to offer significantly lower power consumption and greater wafer economy.

Daily Mirror

Bank of England chiefs ambushed over rocketing inflation and interest rate hikes

The Commons Treasury Select Committee held a rare sitting outside Parliament - and went to Threadneedle Street in the heart of the City of London to tackle the Governor and his deputies

Reuters

ADB warns China it risks wasting money on state-led growth

China needs to level the playing field between private and state owned firms, the Asian Development Bank's chief economist said on Thursday, adding that the world's second-largest economy risks "wasting a tonne of money" with a state-led growth model.

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