The Latest Breaking News from Economy

Nigerians vote for new president, braving long delays in hope of bringing change

Officials counted votes in Nigeria's elections on Saturday, with people hoping for a reset after years of worsening violence and hardship under outgoing President Muhammadu Buhari, undeterred by delays at some polling stations.

Reuters · Feb 25, 2023

Global and Thai economy in a 'no-landing scenario'

The world economy in the first quarter of 2023, especially in January, seems to be defying gravity. The US labour market and retail sales figures have been much better than expected, while inflation is showing signs of a slower-than-expected slowdown.

Bangkok Post · Feb 24, 2023

Business registrations climb to 10-year high

The improving economy and rapidly recovering tourism sector led new business registrations to rise by 6% year-on-year in January, reaching the highest level in a decade.

Bangkok Post · Feb 24, 2023

Fed's rate hikes likely to cause a recession, research says

Can the Federal Reserve keep raising interest rates and defeat the nation’s worst bout of inflation in 40 years without causing a recession

The Independent UK · Feb 24, 2023

Life sciences industry generates over £2.6bn for economy in Wales - report

Income growth of Welsh life sciences companies outperformed those in the rest of the UK, according to new data

Birmingham Post · Feb 24, 2023

What's at stake as Nigerians elect the president of Africa's largest democracy

The continent's largest democracy and biggest economy holds a presidential election Saturday that's come down to a race of three leading candidates.

WEKU · Feb 24, 2023

Ukraine to set up $500 million insurance fund for cargo ships entering ports

Ukraine will offer compensation for possible damages to civilian vessels entering its ports, Deputy Prime Minister Oleksandr Kubrakov said on Friday, as Kyiv tries to boost exports that are vital for its war-hit economy.

Reuters · Feb 24, 2023

EU hits Russia with more sanctions 1 Year after invasion

European Union member states backed a 10th package of sanctions on Russia including tighter export restrictions and technology controls, as well as requiring banks to report information on Russian Central Bank and other sanctioned assets they hold.

Tribune News Service · Feb 24, 2023

An inflation gauge tracked by Fed accelerated in January

The Federal Reserve’s preferred inflation gauge ticked higher in January, a sign that price pressures remain entrenched in the U.S. economy and could lead the Fed to keep raising interest rates well into this year

The Independent UK · Feb 24, 2023

Historic UAW election is bringing profound changes to the autoworker union's leadership – and chances of better pay, more strikes and higher car prices

A fight for control of the United Auto Workers union is coming to a head in a historic election that’s expected to give rank-and-file workers a greater voice and could ultimately end decades of declining blue-collar compensation in this key sector of the economy.

The Conversation · Feb 24, 2023