The Latest Breaking News from Economy

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 · May 19, 2023

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 Independent UK · May 19, 2023

PM announces new sanctions – as it happened

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The Guardian - AU · May 18, 2023

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.

Tom’s Hardware · May 18, 2023

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

Daily Mirror · May 18, 2023

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.

Reuters · May 18, 2023

Japanese firms to invest £18bn in UK in ‘massive’ post-Brexit economy boost

Rishi Sunak said in Tokyo the pledges are a ‘massive vote of confidence’ in the British economy

The Independent UK · May 18, 2023

Home repossessions are up 50%. Should we be worried?

City Comment: It’s not the Nineties again, but repossessions tell us a lot about the level of serious debt pain in the economy

Evening Standard · May 18, 2023

Putin clashes with own finance minister over damage done to Russian economy by oil sanctions

Putin appears to downplay Anton Siluanov’s concerns by saying the situation is ‘absolutely stable’

The Independent UK · May 18, 2023

Myanmar arms imports total $1bn since coup

UNITED NATIONS: The economy of Myanmar is in free-fall but its military has imported $1 billion worth of weapons since seizing power in a 2021 coup and used them “to commit atrocities", a new United Nations report says.

Bangkok Post · May 18, 2023