The Latest Breaking News from Economy

For new frontiers, China is drilling 10,000-m deep into Earth's crust

BEIJING: Chinese scientists have begun drilling a 10,000-metre (32,808 feet) hole into the Earth's crust, as the world's second largest economy explores new frontiers above and below the planet's surface.

The Times of India · May 31, 2023

Saha Group averse to hike in daily wage

Saha Group, the country's leading consumer product conglomerate, suggests the new government emphasise promoting the agricultural sector rather than a sharp increase in the daily minimum wage, as this approach would help sustainably develop the country's economy.

Bangkok Post · May 31, 2023

Getting ready for a new economic era

Admittedly, I did not vote for Move Forward Party (MFP). I did like the idea of pro-democracy, equality for all, people-centric policies, and de-monopolisation, all of which they espouse.

Bangkok Post · May 31, 2023

How to hone your leadership skills, and what your company can do to help

The UK labour market has finally started to see a fall in vacancies following a post-COVID spike in open positions. But there are still more than a million job vacancies, which are “damaging the economy by preventing firms from fulfilling order books and taking on new work”, according to the…

The Conversation · May 31, 2023

Unexpected spike in London house sales as homemovers defy rising interest rates and a stagnant economy

London property sales were 10 per cent above average for May despite soaring interest rates, falling demand and pressure on prices

Evening Standard · May 31, 2023

India’s economy picks up speed amid global slowdown

With 6.1% growth, India remains one of the fastest growing emerging economies, especially as China’s recovery stumbles.

Al Jazeera · May 31, 2023

German inflation slows to 6.1% in May, though food prices are still surging

German inflation eased to 6.1% in May following several months of declines, even as Europe’s biggest economy registered another painful increase in food prices of nearly 15%

The Independent UK · May 31, 2023

I got rich in Russia and got out in time, twice. Here’s what I learned about democracy and free markets

Most totalitarian regimes never prosper for more than a generation or two. The parasitic behaviors of such governments eventually drain the economy.

Fortune · May 31, 2023

Scottish GDP growth outperforms UK in first three months of 2023

The country’s economic output grew by 0.4% during the first quarter – compared to 0.1% for the UK

Insider UK · May 31, 2023

Scottish economy grows four times faster than UK's in latest figures

SCOTLAND’s economy grew by 0.4 per cent between January and March, outpacing UK economic growth of 0.1 per cent.

The National (Scotland) · May 31, 2023