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The Latest Breaking News from Economy

Summit’s lack of focus is partly the point: Three takeaways from a talkfest

Thursday's talkfest on the nature of employment in the Australian economy was dazzling for the diversity of its contributions.

The New Daily

Policy shock to set up prosperity: Garnaut

Renowned economist Ross Garnaut says Australians need to stop "kidding themselves about how well our economy is performing" as he calls for reform.

AAP

Janet Yellen kicks off month-long economic victory tour to sell Biden's achievements

The Treasury secretary plans to spend some of her intellectual capital to make the case for Biden's economy.

Axios

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Türkiye’s Economy Grows 7.6% in Q2 2022

Türkiye’s economy grew 7.6% year-on-year in Q2 2022 as expected, extending a hot streak on strong domestic demand and exports, according to new data on Wednesday. Gross domestic product (GDP) expanded 2.1% compared with the previous quarter on a seasonally and calendar-adjusted basis, Turkish Statistical Institute (TurkStat) data showed. A…

Asharq Al-Awsat

Transition body for coal workers proposed

The Jobs and Skills Summit has been told a transition agency for coal and gas workers would be critical to boost employment in a clean-energy economy.

AAP

South West business confidence rebounds amid economic turmoil

Business leaders in the region remain optimistic about the state of the economy over the next year

Birmingham Post

India’s economy grows by 13.5 percent but misses target

The jump came because of the low base of the previous quarter and economists have cautioned of a slowdown.

Al Jazeera

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Zambia wins IMF board approval for $1.3 billion loan program

Zambia won International Monetary Fund approval for a $1.3 billion, 38-month loan program on Wednesday, a crucial step in the southern African country's quest to restructure its debts and rebuild an economy ravaged by mismanagement and COVID-19.

Reuters

Health or economy? Making the best impossible decision in the face of COVID-19

When Indonesia, Southeast Asia’s largest economy, first began grappling with COVID in 2020, its government was widely criticised for choosing to save the economy over people’s lives in its COVID-19 policies.

The Conversation

The jobs summit needs to think big: here are 3 priorities for future-proofing Australia

This is an edited extract from Danielle Wood’s keynote address to the jobs summit. Read other articles in The Conversation’s series about the summit here.

The Conversation

Workers at heart of just energy transition

There is much at stake, so Australia must prepare for a fair and equitable energy transition.

Newcastle Herald

Central bank upbeat on prospects despite export dip

Exports dropped in July, mainly attributed to lower demand from trading partners in line with a riskier global economy, though Thailand's economy continues to see signs of recovery, says a Bank of Thailand executive.

Bangkok Post

Leaders urge varied economic focus

Industry leaders shared views of how the country should move forward, from creating multiple economic growth engines to the promotion of the electric vehicle (EV) industry, to allow Thailand to attain economic sustainability.

Bangkok Post

Economy, politics shape year

The government will continue to use tax measures to subsidise high energy prices throughout the year to ease people's rising living costs, said Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

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Bangkok Post

Office watchful as index dips

Industry authorities are monitoring the negative impact of the world economy on Thailand for the next 1-2 months after the Manufacturing Production Index (MPI) in July fell for the second consecutive month.

The Independent UK

Yellen warns of failure to agree on Russia oil price cap

Treasury Secretary Janet Yellen is warning that a failure to place a price cap on Russian oil would hurt the global economy

Benzinga

These 4 Energy Stocks Are Rising As Russia Cuts Off German Gas Supply

The United States Oil ETF (NYSE: USO) dropped 1% but the Energy Select Sector SPDR Fund (NYSE: XLE) gained 0.5% on Wednesday as investors digest mixed data on the strength of the global economy and the outlook for energy dema

Tribune News Service

Justin Fox: Biden's economy has the best growth record since Clinton

We’re more than a year-and-a-half into Joe Biden’s presidency, with full second-quarter economic growth numbers from the U.S. Bureau of Economic Analysis now in hand. Which seems like as good a time as any for another installment in my occasional series comparing growth rates under U.S. presidents — which somewhat…

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Newsroom.co.nz

Locking in our high-priced dependence on metals for clean energy

A net zero economy requires much more renewable electricity generation – new modelling shows that by 2040 NZ will need to invest half a billion dollars in the metals for wind turbines alone.

The Conversation

Angola's MPLA has been in power for nearly 50 years. The big challenges they must fix

Angolan president João Lourenço, who has been returned to power with a greatly reduced majority, faces the challenging task of turning around the economy and improving the living conditions of the majority, particularly young people.

The Times of India

Economy likely to grow at 7-7.4% in FY23, says finance secretary

NEW DELHI: The government is expecting the economy to grow at 7-7.5 per cent in 2022-23, in line with its projections made at the beginning of this financial year.

The Times of India

India's Q1 GDP grows at fastest pace in a year: Key takeaways

NEW DELHI: India's gross domestic product for the period April-June 2022 came in at 13.5%, data released by Centre showed on Wednesday.

Reuters

German Economy Ministry officials flagged over possible Russia ties - Die Zeit

The German Economy Ministry has asked the country's domestic intelligence agency BfV to look into two senior ministry officials over concerns about their possible ties to Russia, Die Zeit weekly reported on Wednesday.

The Independent UK

India quarterly growth rises to 13.5% after pandemic slump

The Indian government says the country's economy grew by 13.5% in the April-June quarter from a year earlier, pushed up by a boost in agriculture and manufacturing as pandemic curbs eased

The Guardian - UK

Borrowing costs on UK’s debts hit by biggest monthly rise since 1986

Heaping pressure on incoming prime minister, 10-year government bond yields shoot up to 2.78%

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