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The Latest Breaking News from Economy

How OPEC's oil cuts are souring the relationship between the US and Saudi Arabia

The world's major oil producers are slashing the amount of oil they supply. Here's how it could affect the global economy and why US President Joe Biden is disappointed.

ABC News

Patrick Harvie accused of 'greenwashing SNP failures' for 'holding back' solar power

Lib Dems economy spokesperson Willie Rennie said Scotland needs to expand its renewable energy market.

Daily Record

BBC Question Time: Howls of laughter as ‘smiling’ Tory MP says Liz Truss can win election

BBC Question Time panellist Douglas Ross, leader of the Scottish Conservatives, has said that he believes Prime Minister Liz Truss can win an election sparking roars of laughter from the audience

Daily Mirror

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Economy due for makeover, Abhisit warns

Thailand is lagging behind other Southeast Asian countries in recovering from the impact of Covid-19, and it needs to remodel its economic structure to remain competitive, according to former prime minister Abhisit Vejjajiva.

Bangkok Post

DES Ministry seeks to revoke satellite ruling

The Digital Economy and Society (DES) Ministry plans to petition the Central Administrative Court to revoke the arbitral ruling that Thaicom 7 and 8 satellites are not part of the agreement between the ministry and SET-listed Thaicom.

Bangkok Post

Post-Covid headwinds hit the region

As the five economies in mainland Southeast Asia re-emerge from the Covid-19 pandemic, their prospects for recovery and return to growth and development appear challenged, characterised by deteriorating balance of payments, fiscal weaknesses, currency depreciations, and rising inflation amidst global monetary tightening and recession risks.

Bangkok Post

IMF projects Thai growth of 2.8%

The Thai economy is projected to continue its post-pandemic recovery with expansion of 2.8% this year and 3.7% in 2023, according to the International Monetary Fund (IMF).

Bangkok Post

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Fetco chief condemns Fed policy of 'misguided' hikes

The global economy is on the verge of falling into recession next year as countries have taken the wrong currency management path in response to the US Federal Reserve's aggressive policy rate hikes, a Thai economist warns.

Bangkok Post

Volvo Video Highlights Semi-Truck Tech With A Bizarre Love Story

The company's I-Save package increases fuel economy by 13 percent, and also leads to make-out sessions on a beach.

Motor1

Martin Lewis tells National Television Awards 'somebody has to get a grip on the economy'

'It’s been a pretty horrible year financially,' he said as he picked up an award

Wales Online

Mexican Deputy Economy Minister de la Mora asked to resign-source

Mexico's Deputy Economy Minister Luz Maria de la Mora was asked to resigned on Thursday, a government source said, one week after the country's former economy minister Tatiana Clouthier announced she was leaving her post.

Reuters

Italy's Giorgetti gets Meloni's backing to be economy minister

Giancarlo Giorgetti, a former industry minister and the deputy leader of the right-wing League party, looked well placed to become Italy's next economy minister on Thursday after getting the backing of the conservative coalition chief.

Reuters

Abortion, economy take center stage in Craig-Kistner debate

Democratic U.S. Rep. Angie Craig is portraying her GOP challenger as a pawn of Big Oil and Big Pharma who conceals his opposition to abortion rights

The Independent UK

Energy crisis: how to help small businesses survive and become more sustainable

The number of companies in financial distress has spiked in parts of the UK to the highest level since the 2007-8 global financial crisis laid waste to the global economy. The latest government figures show that in August more than one in ten UK businesses reported a moderate-to-severe risk of…

The Conversation

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Radio France Internationale

Police order striking French petrol staff back to work

Workers at an oil refinery in northern France have agreed to go back to work after weeks of striking as the government ordered more staff back to work at other sites, saying petrol shortages are taking too big a toll on the economy.

The Independent UK

T20 World Cup: Picking the key trends ahead of upcoming tournament

The tournament begins in Australia next week

The Independent UK

U.S. applications for jobless aid rise last week

The number of Americans applying for unemployment benefits rose slightly last week but remains historically low even as the U.S. economy slows in the midst of decades-high inflation

Benzinga

Oil Output Cut May Tip Global Economy Into Recession, Elon Musk's Starship's First Space Tourist, Alphabet Approves Distribution Of Trump's Truth Social App: Top Stories Thursday, Oct. 13

Reuters

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Evening Standard

The Leader podcast: Winter money worries worsen as economy shrinks

ONS data shows UK’s national finances contracted by 0.3% in August

Asharq Al-Awsat

GCC Hails Saudi Role in Preserving World Economy, Stabilizing Oil Markets

The Secretary-General of the Gulf Cooperation Council, Nayef Al-Hajraf, on Thursday praised Saudi Arabia's role in protecting the global economy and the stability of energy markets, and affirmed total rejection of the statements issued against the Kingdom following the decision of the OPEC+ group. Hajraf expressed solidarity with Saudi Arabia,…

Reason

What the 1970s Can Teach Us About Today's Inflationary Politics

Inflation is a problem for politicians. Unfortunately for them, it's not a problem they know how to solve.

Daily Mirror

Jacob Rees-Mogg slapped down by No10 and top expert for attacking Tories' budget watchdog

A top economist said Jacob Rees-Mogg was half-right about the government's Budget watchdog being inaccurate... because the economy is actually WORSE than it predicted

Bangkok Post

Oil output cuts 'raise recession risk'

LONDON: A decision by the Opec+ oil producers’ group last week to cut output has driven up prices and could push the global economy into recession, the International Energy Agency warned on Thursday.

Daily Mirror

Liz Truss loyalist begs Tories not to sack her - because it'll crash the economy

Foreign Secretary James Cleverly, an ally of the crisis-hit PM, said any attempt to replace Ms Truss would be a 'disastrously bad idea politically and also economically'

The Guardian - UK

Kwasi Kwarteng says ‘let’s see’ when asked about potential U-turn on corporation tax – as it happened

Chancellor does not rule out increasing corporation tax when asked about whether government will perform U-turn

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