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The Latest Breaking News from Economy

Investor interest in digital assets reignited

Digital assets have increased their appeal to investors with the economy on the verge of a recession, with Bitcoin offering the highest returns year to date, experts say.

Bangkok Post

Songkran spending to surge to B125bn

Spending sentiment for the upcoming Songkran festival is expected to be lively as people have been hesitant for many months, but the country's economy is showing signs of recovery, driven by rapidly reviving tourism.

Bangkok Post

Government preps space economy master plan

The government, through the Office of National Digital Economy and Society Commission (ONDE), plans to implement the first national master plan for the space economy by the end of this year.

Bangkok Post

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Stock Market Today: Stocks Slip as Recession Worries Rise

The major benchmarks finished with modest losses Tuesday after weaker-than-expected job openings and factory data.

Kiplinger

Coffee Prices Settle Mixed on U.S. Economic Concerns

May arabica coffee (KCK23 ) on Tuesday closed down -1.40 (-0.79%), and May ICE robusta coffee (RMK23 ) closed up +25 (+1.12%). Coffee prices Tuesday settled mixed, with robusta climbing to a 7-month nearest-futures high. Arabica coffee fell back on concerns of a slowdown in the U.S. economy that could...

Barchart

Office vacancies rise in Silicon Valley and balloon in San Francisco

SAN JOSE — Office vacancy rates have increased in the South Bay and have ballooned to scary heights in San Francisco amid a wobbly economy punctuated by wide-ranging job cuts in the tech and biotech sectors.

Tribune News Service

Arabica Prices Decline on U.S. Economic Concerns

May arabica coffee (KCK23 ) this morning is down -2.60 (-1.48%), and May ICE robusta coffee (RMK23 ) is up +12 (+0.54%). Coffee prices this morning are mixed. Concerns of a slowdown in the U.S. economy that could hurt coffee demand weighed on prices after today's report showed Feb JOLTS...

Barchart

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How Nigel Lawson turned postwar economic consensus on its head

Former chancellor fundamentally changed the UK economy during his six-year stint at the Treasury, and not much has changed since then

The Guardian - UK

Gen Z is approaching a 'student loan cliff' that could shock the economy

Millions of Gen Zers are about to start paying off their student loan debt for the first time. It will be a "shock" to their household budgets.

Fortune

Expansive business receives silver accreditation from North Lanarkshire Council’s Employer Charter

Chapelhall firm The Antibody Company honoured for "making a positive commitment to the local economy".

Daily Record

Green energy: South Africa’s transition plan must be careful not to deepen inequality – the 3 top issues

Since the UN Climate Change Agreement was signed by 196 nations in December 2015, many countries have announced policies to reduce their fossil fuel emissions.

The Conversation

Saudi Arabia discloses investment in dozens of VCs

Saudi Arabia has invested in technology and other sectors in a bid to diversify the country’s economy away from oil.

Fortune

Analysis: Russia's military production, state splurge ease sanctions pain

Rising military production and huge state spending are keeping Russia's industry buzzing along, an analysis of recent data shows, helping soften the economic impact of Western sanctions and allowing Moscow to plough on with its campaign in Ukraine.

Reuters

Jamie Dimon feels pretty sunny about the economy

The hurricane has been downgraded.

Axios

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Bangkok Post

Songkran spending tipped to jump 17%

Consumer spending could rise 17% to 125 billion baht, a four-year high, during the upcoming Songkran holiday as the economy and tourism gather steam, according to the University of the Thai Chamber of Commerce (UTCC).

Tribune News Service

COVID created an expanded social safety net; activists are now quietly working to bring it back

In March 2020, the economy grinded to a halt as the COVID-19 pandemic forced widespread shutdowns of businesses. As Congress watched the economy collapse, it responded by doing something lawmakers have resisted since the 1960s: a large expansion of the social safety net.

The New Daily

‘Relief’ for home owners as RBA pauses rates for first time in 10 meetings

The Reserve Bank has hit the pause button on its record breaking run of interest rates hikes in April, delivering relief to home owners.

The Guardian - AU

RBA hits pause on official interest rate at 3.6% but says further rises may be needed

Cash rate on hold as the Reserve Bank indicates it will monitor state of economy and the outlook before lifting borrowing costs further

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The New Daily

Mortgage reprieve: Reserve Bank hits pause on interest rates as economy slows

Interest rates have been put on hold for the first time in almost a year, delivering a reprieve to mortgage holders amid a slowing economy.

Birmingham Post

Life sciences firm to create 85 new jobs following Welsh Government funding

Creo Medical plans to build a new research and development (R&D) manufacturing centre on its current site.

Bangkok Post

'E-war room' to help monitor campaigns

The Election Commission (EC) has joined forces with the Ministry of Digital Economy and Society (DES) to set up an "e-war room" to monitor upcoming election campaign activities online.

Bangkok Post

To reconstruct Turkey, rebuild its democracy

The devastating earthquakes that killed more than 50,000 people in Turkey (and at least 7,000 in northern Syria) in February have exposed deep-rooted problems in the run-up to potentially epochal presidential and parliamentary elections on May 14. Turkey, it is now clear, needs more than a change of government; it…

Bangkok Post

Annual motor show bookings surge 35%

Car and motorcycle bookings at the 2023 Bangkok International Motor Show, which ended on Sunday, rose by more than 35% year-on-year to 45,983 units, thanks to an improving economy and electric vehicles (EVs).

Bangkok Post

Fitch expects growth to be restricted to 3% this year

The Thai economy is set to expand by only 3% this year, well below the Bank of Thailand's forecast of 3.6%, due to rising risks of a deeper slowdown in the global economy stemming from increasing uncertainty and banking stresses in the US and Europe, said Fitch Solutions.

Tribune News Service

Oil surges most in a year after OPEC+’s shocking production cut

Oil rallied the most in more than a year after OPEC+ unexpectedly announced output cuts that threaten to tighten the market and deliver a fresh inflationary jolt to the world economy.

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