The Latest Breaking News from Economy

Two areas of Wales named as freeports with tax breaks to create jobs

The UK and Welsh governments said the two freeports have the potential to create 20,000 jobs by 2030

Wales Online · Mar 22, 2023

Wales is not getting one but two freeports

They promise to create 20,000 new jobs by 2030 mainly in the renewable energy sector

Birmingham Post · Mar 22, 2023

FTI: Emphasise climate-linked areas

Despite the country's dependence on tourism to boost its revenue, Thailand needs to further drive its economy through electric vehicles (EVs) and bio-, circular and green (BCG) economic development amid a rapidly changing world, says the Federation of Thai Industries (FTI).

Bangkok Post · Mar 22, 2023

Fed raises interest rates, despite bank failures

The central bank acknowledged the crisis will likely weigh on economy

Axios · Mar 22, 2023

Erdogan tries to salvage economic credibility before Turkey's election

Former Turkish economy tsar Mehmet Simsek's refusal to return to politics has left President Tayyip Erdogan's ruling party scrambling to rebuild its economic credibility less than two months before landmark elections, insiders and analysts say.

Reuters · Mar 22, 2023

Figures suggest Space Park Leicester had an £89m impact on economy in its first year

It is part of a new Space City Leicester cluster - one of the biggest enterprise zones for space-related activities in the UK

Birmingham Post · Mar 22, 2023

The bleak economic stats showing how the value of your wages has plummeted

The gulf between typical household incomes in Germany and the UK is staggering, and there are reasons for that

Wales Online · Mar 22, 2023

UK inflation rise complicates Bank of England’s interest rate decision

Surprise increase makes hike more likely, but economy is perilously close to recession

The Guardian - UK · Mar 22, 2023

What's at stake in Turkey's upcoming elections?

President Tayyip Erdogan faces the biggest test of his 20-year rule in May elections that will decide not only who leads Turkey but how it is governed, where its economy is headed and what role it may play to ease conflict in Ukraine and the Middle East.

Reuters · Mar 22, 2023

Khamenei Blames Protests on West, Refuses Changing Constitution

Iranian Supreme Leader Ali Khamenei on Tuesday blamed the US and its European allies for stoking popular protests that rocked Iran for months. In his Nowruz New Year message to the nation, Khamenei shut down calls for change at home, stressing that the economy is the most important issue facing…

Asharq Al-Awsat · Mar 22, 2023