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The Latest Breaking News from Economy

Markets Today: Stock Index Futures Climb as China’s Economy Strengthens

Morning Markets June S&P 500 futures (ESM2 3) this morning are up +0.49% at a 2-month high, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.79% at a 2-week high. U.S. stock index futures this morning are moderately higher on improved global economic prospects after today’s news that...

Barchart

Why reducing health inequalities is key to unlocking the UK’s economic growth potential

Professor Maggie O'Carroll says getting people back into work will boost the UK economy

Birmingham Post

Lebanon's Parliament Votes to Postpone Municipal Elections

Lebanon’s parliament on Tuesday postponed municipal elections for up to a year for a second time amid concerns the government would not be able to secure the needed funding in time for the polling. The delay comes as Lebanon’s economy and infrastructure continue to crumble, with legislators in the deeply…

Asharq Al-Awsat

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Kate Forbes lays out plan for ‘wellbeing economy’

The former finance minister has co-authored a paper alongside fellow SNP ministers and the Common Weal think tank

Insider UK

Three Reasons Inflation May Be With Us Longer Than We Think

Shifts in the labor market, the transition to renewable energy and changes in China present long-term challenges for the U.S.

Kiplinger

UN predicts Afghan economy would contract if aid drops 30%

Afghanistan's economy will contract, inflation will rise and liquidity will fall if there is a 30% drop in international aid as feared, according to an analysis by the United Nations' development agency released on Tuesday.

Reuters

‘Recovering from Covid’: Chinese economy grows 4.5% in first quarter of 2023

China's economy grew faster than expected in the beginning of the year at 4.5 percent, on the back of strong export and infrastructure investment figures. GDP is bouncing back after the country put an end to its so-called "Zero-Covid" policy and as the government has pledged to do more to…

France 24

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Easyjet flying high as Brits bag summer holidays

EASYJET offered hope for the beleaguered airline trade and for the wider consumer economy today when it said summer bookings are soaring even as ticket prices rise.

Evening Standard

Sickness drags down UK economy as job vacancies go unfilled

Rishi Sunak wants growth, but ONS figures show rising levels of inactivity because of ill-health

The Guardian - UK

Fitch Upgrades Saudi Banks’ Rating

US credit rating agency Fitch has upgraded eight Saudi banks’ long-term issuer default ratings to “A-” from “BBB+,” with a stable outlook, according to a press statement. In this regard, experts told Asharq Al-Awsat that the current account surplus of the Saudi economy over the last period, which exceeded $1…

Asharq Al-Awsat

FTSE 100 racks up eighth day of gains despite rising insolvencies and unemployment – as it happened

More firms are at risk of tipping from ‘danger’ to ‘distress’, experts warn, as businesses are hit by soaring costs and weak economy

The Guardian - UK

China's 19.6% youth unemployment rate may pose 'a threat to social stability'

High youth joblessness defies an otherwise improving economy that grew 4.5% last quarter.

Fortune

G-7 to back Ukraine indefinitely, seeks stability with China

The Group of Seven nations vowed to support Ukraine for “as long as it takes” in its fight against Russian forces, while also calling for greater engagement with China to stabilize relations with the world’s second-biggest economy.

The Times of India

China’s economy rebounds faster than expected after Covid reopening

First quarter growth rate was higher than forecast by analysts as the country’s retail sector performed better than expected

The Guardian - AU

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Al Jazeera

China’s economy grows 4.5 percent, beating expectations

Latest economic data suggest world’s second-largest economy is firmly on recovery path after end of pandemic curbs.

Bangkok Post

PMUC unveils research output

The Programme Management Unit for Competitiveness (PMUC), a research funding unit, plans to showcase research work that supports the Thai economy and the country’s competitiveness at a two-day event later this month to mark four years of funding worth 7 billion baht.

Al Jazeera

World’s largest population: Will India gain or lose?

India has the world’s largest workforce. But without enough good jobs, that unmatched advantage could be a nightmare.

The Independent UK

China's GDP growth rises to 4.5% amid consumption boost

China’s economy grew 4.5% in the first quarter of the year, boosted by increased consumption and retail sales, after authorities abruptly abandoned the stringent “zero-COVID” strategy

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Bangkok Post

Palang Pracharath touts culture, Bhumjaithai eyes volunteers

The ruling Palang Pracharath Party (PPRP) has pledged to intensify the promotion of soft power as another key driver of the economy if the party wins the general election, set to take place on May 14 this year.

Bangkok Post

Chartpattanakla touts 'Korat-nomics' policy

The Chartpattanakla Party on Monday proposed an economic development policy to stimulate the economy and bring growth to Nakhon Ratchasima and the northeastern region.

Bangkok Post

The price of populism

After the Songkran celebrations peter out, Thais must contemplate the general election on May 14 and decide whether political parties' campaign pledges will really create a healthier economy.

Los Angeles Times

Writers Guild members grant strike authorization by record margin as contract deadline nears

LOS ANGELES — Leaders of the Writers Guild of America secured a strong showing of support from its members on Monday, moving the union closer to a possible work stoppage that would disrupt Hollywood production and ripple across Southern California’s economy.

Fortune

Janet Yellen says the U.S. can avoid recession—and thanks the bank crisis

Last month's bank crisis could be a "substitute" for further interest rate hikes by the Fed that might trigger a recession.

Reuters

Merkel decorated with highest German honour amid reflection on tenure

Germany's former chancellor Angela Merkel was awarded the country's highest possible honour on Monday amid reflection on her 16-year tenure at the helm of Europe's biggest economy.

The Independent UK

Lagarde: US-China split may weaken growth and fuel inflation

The fragmentation of the world economy into rival blocs led by the United States and China threatens to destabilize global commerce, increase inflation and weaken growth, Christine Lagarde, the president of the European Central Bank, warned Monday

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