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The Latest Breaking News from Economy

Economy seen up 3.0 to 3.5% this year, says finance minister

The Thai economy is still expected to grow 3.0 to 3.5% in 2022, while a weak baht is helping exports, Finance minister Arkhom Termpittayapaisith said on Wednesday.

Bangkok Post

Voters must take Liz Truss’s ‘bitter-tasting medicine’ on economy, says foreign secretary

Terrible Tory poll numbers are ‘necessary blip’ – but support will come back, says James Cleverly

The Independent UK

Truss plans are ‘bitter-tasting medicine’ that will do UK good, says Cleverly

Foreign secretary backs PM on economy and calls Conservatives trailing Labour in polls a ‘blip’

The Guardian - UK

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Liz Truss to boast of 'disruption' in make-or-break speech as MORE Cabinet splits emerge

The Prime Minister will say 'disruption' is worth it to grow the economy in her first Tory conference speech as PM - as ex-PM Gordon Brown warned of a 'national uprising' and her Foreign Secretary slapped down her Home Secretary

Daily Mirror

Beijing Marathon to Return after 2-Year Covid Hiatus

Thousands of runners will line up for the Beijing marathon in November after a two-year Covid pause, organizers said, as sporting events gradually return to China. The world's most populous country has cancelled almost all international sports competitions since Covid emerged there in 2019, with the Beijing Winter Olympics in…

Asharq Al-Awsat

Liz Truss has 'just over a week' to save her time as Prime Minister, senior Tory says

The Prime Minister will defend her 'new approach' in a speech today

Manchester Evening News

Liz Truss puts faith in growth plan to quell Tory opposition and save premiership

Prime Minister Liz Truss will use her first conference speech as leader to promise a ‘new Britain for a new era’

Evening Standard

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Can Biden save democracy one US factory job at a time?

President Joe Biden is working to create a manufacturing revival

The Independent UK

Truss puts faith in growth plan to quell Tory opposition and save premiership

Prime Minister Liz Truss will use her first conference speech as leader to promise a ‘new Britain for a new era’.

The Independent UK

Scotland likely to enter recession as costs continue to rise

Fraser of Allander Institute analysis states that economy will contract next year, before rebounding in 2024

Insider UK

Economists urge caution for gloomy 2023

Thailand needs to prepare for global economic difficulties as they will intensify next year, according to economists.

Bangkok Post

FTI suggests retention of current policies

The Federation of Thai Industries (FTI) expects a new government formed after a general election next year to maintain policies that benefit businesses to help them survive in 2023.

Bangkok Post

Job openings in Washington grew rapidly this summer. That's not good news

This summer, more companies posted job openings in Washington state than almost anywhere else in the U.S., indicating inflation is likely to persist as labor shortages continue.

Tribune News Service

Shippers project 8% growth in exports

Thailand's exports should grow by 8% this year if China's economy recovers and the shortage of semiconductors eases, according to the Thai National Shippers' Council (TNSC).

Bangkok Post

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StockNews.com

How Long Will This SUCKERS Rally Last?

As quickly as the S&P 500 (SPY) fell in September it has bounced as quickly to start October. Yet with inflation still raging, and the Fed likely to keep raising rates that also harms the economy...it becomes hard to get long term bullish at this time. So let’s discuss what…

Tribune News Service

Here’s how Latino growth influences the economy and labor force

If U.S. Latinos were an independent country, their economic output would rank fifth in the world.

Ballotpedia

Economy and Society, October 4, 2022: Texas joins investigation over S&P’s use of ESG in credit ratings

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

The Guardian - UK

Ukrainian economy will shrink at rate eight times that of Russia, World Bank forecasts

Kyiv economy will contract by 35% in 2022, compared with a 4.5% fall in Russian GDP

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Bristol Post

Bristol Tory group leader says new government deserves 'enormous credit' for Energy Price Guarantee

He did say, however, that the Prime Minister needs to "urgently address an obvious communications problem in her Downing Street team"

The Conversation

How the tech giants are innovating to weather the looming downturn

Rising inflation and looming recessions are squeezing household finances, but businesses also worry about an economic downturn. This is not just because of higher bills, but also because consumers spend less and finance from banks and investors dries up when the economy worsens.

The Guardian - UK

The lesson from the first round of Brazil’s election: Bolsonarismo is here to stay

Luiz Inàcio Lula da Silva will likely oust the president. Even if he does, a turbulent time in office awaits, says Latin America expert Christopher Sabatini

Daily Mirror

British Airways' economy, business and first class cabins compared - from legroom to meals

British Airways cabins reviewed included economy, premium economy, business class and first class on a long-haul journey - including legroom and in-flight meals

The Conversation

Capping Russia's oil profits could keep oil flowing to global markets at a reasonable cost while slashing Putin's war funding

The world as we know it cannot function without oil, giving oil-producing countries an advantage economists call market power. Nations that produce oil are able to set the price, while countries that rely on oil have little choice but to buy it at prices determined by the seller.

Wales Online

MPs want to dock Liz Truss and Kwasi Kwarteng's pay over 'gross mismanagement' of economy

The Liberal Democrats plan to table a censure motion calling for them to lose half of their additional salaries paid as part of their roles in Government

The Independent UK

World Bank: Ukraine's war-torn economy will sink 35% in '22

Devastated by Russia’s invasion eight months ago, the Ukrainian economy will plunge 35% this year

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