4 CEOs sound off on inflation, interest rates, and where the economy is headed At the annual Milken Institute Global Conference, chief executives gave insight into what's to come. Fortune · May 3, 2023
Riyadh Conference Stresses Solid Foundations in Building Digital Economy The Global Asset Allocation Conference underlined on Tuesday the importance of new rules and patterns to strengthen the digital economy. The conference was organized by the Family Office and held in the Saudi capital, Riyadh. Prince Turki Al-Faisal bin Abdulaziz, President of the King Faisal Center for Research and Islamic… Asharq Al-Awsat · May 3, 2023
Lloyds beats forecasts with 46% profit rise after interest rates boost Banking group expects the economy to fall by 0.6% in 2023 overall, slipping into a 'mild recession' over the first three quarters Insider UK · May 3, 2023
Fed to raise interest rate again amid core inflation pressure Expected hike in benchmark rate to a range of 5% to 5.25% could push US into recession The Guardian - UK · May 3, 2023
GDP growth outlook maintained at 3.0-3.5% Thailand's economy is expected to grow 3.0% to 3.5% this year, a leading joint business group said on Wednesday, unchanged from a previous forecast as the tourism sector gathers steam and exports remain weak. Bangkok Post · May 3, 2023
Small businesses seek to avoid possible credit crunch as Federal Reserve raises rates once more Small businesses – the heartbeat of the U.S. economy – are beginning to feel the pinch of tighter credit conditions as the Federal Reserve continues to increase borrowing costs. The Conversation · May 3, 2023
Rising turmoil is making Fed's rate decisions more perilous Poised to raise interest rates Wednesday for a 10th time, Federal Reserve officials are facing two competing economic trends that could make their future rate decisions more difficult and treacherous The Independent UK · May 3, 2023
Economist Henrik Zeberg Expects History To Repeat Itself In The Worst Stock Market Crash Companies including Morgan Stanley are making job cuts as the economy is feared to go into a recession in an unknown period. Zenger · May 2, 2023
French minister’s steamy novel turns up heat on Macron Sex scene in Bruno Le Maire’s book provokes ridicule and anger among opposition politicians The Guardian - UK · May 2, 2023
Best Of The Best: Top 3 Quality Stocks for Investors Looking for Stability Heightened recessionary fears in the economy and the current banking sector jitters is weighing on the stock market. Hence, it could be wise for investors to buy quality stocks NuStar Energy (NS), Spirent Communications (SPMYY), and Westlake Chemical (WLKP), which pay stable dividends. Read more. StockNews.com · May 2, 2023
Tory minister: I am an excellent advocate for Scotland overseas THE UK Government has been accused of “sabotaging” the Scottish economy with its “petty” restraints on the international work of Edinburgh… The National (Scotland) · May 2, 2023
US concerned by China's 'punitive' actions toward American firms U.S. Ambassador to China Nicholas Burns said on Tuesday Washington was very concerned about China's recent "punitive" action toward some U.S. companies, and that foreign firms are delaying investments in the country due to uncertainty about the openness of its economy. Reuters · May 2, 2023
Welsh Government partners with Innovate UK to boost economy in Wales The partnership with Westminster's innovation agency is the first to be agreed with a devolved government Birmingham Post · May 2, 2023
Unemployment rate climbs to 4-month high in April: CMIE survey NEW DELHI: India’s unemployment rate climbed to a four-month high, the latest data showed, as there were more people joining the workforce compared to available jobs in Asia’s third largest economy. The Times of India · May 2, 2023
Insider UK · May 2, 2023 Scottish economy grows as UK set to avoid recession this year Sluggish growth in specific industries like manufacturing has been blamed on wider supply chain issues
The Guardian - AU · May 2, 2023 Philip Lowe says rebounding property market among reasons for shock RBA rate increase Governor of central bank says rate pause in April had given board ‘more time to assess the pulse of the economy’ before Tuesday’s increase to 11-year high
The Conversation · May 2, 2023 Albania's developing tourism industry could help stop its young people from leaving – and boost its economy It has been more than 30 years since Albania opened its doors to tourists, but telling a friend that you’re off to Tirana or Dhërmi for a long weekend might still raise some eyebrows.
France 24 · May 2, 2023 Italy cracks down on asylum, boosting work visas instead Italy's far-right government, led by PM Giorgia Meloni, recently made a change to its immigration policy. This involves a crackdown on residence permits for asylum seekers and an increase in deportation centres, in order to discourage illegal immigration. But the government also wants to increase the number of work visas…
Asharq Al-Awsat · May 2, 2023 IMF Raises Asia’s Economic Forecast on China Recovery, Warns of Risks The International Monetary Fund (IMF) raised Asia's economic forecast on Tuesday as China's recovery underpinned growth, but warned of risks from persistent inflation and global market volatility driven by Western banking-sector woes. The reopening of China's economy will be pivotal for the region with the spillover to Asia seen focused…
Multichannel News · May 2, 2023 Writers Guild Calls for Strike, Says Producers Are Trying To Force Scribes Into ‘Gig Economy’ Network late-night shows shut down first with the rest of film, TV and streaming production stopping Tuesday
Chicago Sun-Times · May 2, 2023 Hollywood writers, slamming ‘gig economy,’ vote to go on strike The Writers Guild of America said its 11,500 unionized screenwriters will walk the picket line Tuesday. Writers say that in the streaming era they are not being paid enough.
The Independent UK · May 2, 2023 Hollywood writers, slamming 'gig economy,' to go on strike Television and movie writers declared that they will launch an industrywide strike for the first time in 15 years, as Hollywood girded for a walkout with potentially widespread ramifications in a fight over fair pay in the streaming era
Bangkok Post · May 1, 2023 Transition finance to drive a greener future The choking smog that has smothered Thailand this year underscores the growing urgency for tackling climate change in Southeast Asia as the region sets out to achieve a low-carbon, climate-resilient economy.
Bangkok Post · May 1, 2023 TDRI questions party stimulus plans The Thailand Development Research Institute (TDRI) has warned major political parties that their main election campaign projects might not be necessary as a stimulus since the economy is not in recession.
Reuters · May 1, 2023 Paraguayans see Pena as 'ideal' president to boost economy Paraguayans on Monday were mixed about the prospects of another five years of conservative Colorado party rule, but hoped President-elect Santiago Pena could reboot the country’s farm-driven economy.