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The Latest Breaking News from Economy

US companies added 132,000 jobs in august, new ADP data show

U.S. companies increased headcount at a relatively sluggish pace in August, according to a revamped private report that suggests hiring is downshifting in an economy buffeted by high inflation and rising interest rates.

Tribune News Service

Slovak economy minister resigns amid govt row, ready to discuss next steps

Slovak Economy Minister Richard Sulik said on Wednesday he had tendered his resignation and was ready for further coalition talks to help defuse a row that has engulfed the government.

Reuters

Finance Minister to review state of economy at FSDC meeting on September 15

FSDC is the apex body of sectoral regulators, headed by the Union Finance Minister

The Hindu

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Texas’ cotton industry is facing its worst harvest in years — costing the state more than $2 billion

Cotton is Texas’ largest crop, and industry experts say they expect just half the normal annual yield — which will drive up costs for consumers.

The Texas Tribune

Ukraine, censorship and endless war

The U.S. is not officially at war with Russia — but our war economy demands conformity and suppresses dissent

Salon

Germany ramps up military exports, mainly to arm Ukraine

German exports of military equipment have surged so far this year as Berlin supplies arms to Ukraine to help it defend itself against Russia's attack, the Economy Ministry said on Wednesday.

Reuters

Japan Says Financial Aid for Tunisia Hinges on IMF Deal

Japan will consider financial assistance to Tunisia once a deal with the International Monetary Fund (IMF) is reached, head of the Japan International Cooperation Agency (JICA) Tanaka Akihiko has announced. Tunisian Minister of Economy and Planning Samir Saied signed last week a memorandum of understanding (MoU) for several projects in…

Asharq Al-Awsat

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Pound heads for worst month since 2016 against US dollar; eurozone inflation hits record high – as it happened

Pound and UK government bonds have suffered a torrid month, as Rishi Sunak warns of risk that markets lose faith in UK economy

The Guardian - UK

China places millions into Covid lockdown again as economy continues to struggle

Key cities of Shenzhen, Guangzhou and Dalian are under curbs again, amid protests and data showing factory slowdown

The Guardian - AU

Economy to grow up to 3.5% this year, finance minister says

The economy is expected to grow 3% to 3.5% this year, with a slow but steady recovery as the crucial tourism sector picks up and exports remain good, Finance Minister Arkhom Termpittayapaisith told a business forum on Wednesday.

Bangkok Post

'A consequential but ultimately tragic figure': last leader of the USSR Mikhail Gorbachev dies aged 91

Few world leaders have cut a more consequential but ultimately tragic figure than Mikhail Sergeyevich Gorbachev, whose death at the age of 91 has been announced by Russian state media.

The Conversation

Unis could help end skills shortage: Scott

University of Sydney vice-chancellor Mark Scott has urged the government to put a greater emphasis on higher education to boost the economy.

AAP

Philadelphia mayor, Creative Philly announce they will issue open call for artists for $500K Harriet Tubman statue

PHILADELPHIA — Mayor Jim Kenney and the Office of Arts, Culture and the Creative Economy have withdrawn the $500,000 no-bid commission for a new Harriet Tubman statue and will now open the process for other artists.

The Philadelphia Inquirer

New, lasting, economic models of tourism

Creating new economic structures for tourism will require a fundamental shift in values.

360info

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news in one place.

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360info

Lessons from tourism economies that serve the community

Tourism revenue doesn’t always benefit the local people and economy. It’s time to change that.

Al Jazeera

Mikhail Gorbachev: The rise and fall of the last Soviet leader

Mikhail Gorbachev, who has died aged 91, was revered in West but criticised by many Russians for overseeing end of USSR.

ABC News

What was the Commonwealth Employment Service? Why are people calling for it to return?

The Commonwealth Employment Service grew out of a realisation that unemployment had been a policy choice, but it fell out of government favour in the late 1980s and was privatised in 1998, leaving many former staff mourning what was once possible.

The Independent UK

Mikhail Gorbachev: Soviet Union’s final president who changed world history

‘An epoch in world history came to an end directly as a result of his actions’

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Bangkok Post

Personal data at risk in govt hands

Only one month after enforcing the law to protect the Thai people's personal data security and privacy, the government had a change of heart.

Birmingham Post

UK Government needs to urgently act to support firms facing spiralling energy costs says Welsh Government

There are fears that many firms across the economy will go bust without financial support

The Hindu

The age of hyper-lapse consumerism

Consumers and businesses should be mindful of the consequences of their actions

The Guardian - UK

Sheffield is leading the way on reuse of old department stores

Letter: The decision to list the city’s Cole Brothers store was the right one for both the economy and the climate, say architecture and heritage campaigners

The Independent UK

Liz Truss: Who is the foreign secretary hoping to become prime minister?

‘Human hand grenade’ seen by Tories as Johnson continuity candidate and ahead of Rishi Sunak throughout the race thanks to questionable tax promises and neo-Thatcherite branding

The Conversation

Treasurer Chalmers on boosting migration and a 'resilience' budget

For Treasurer Jim Chalmers, this week’s jobs and skills summit is the prelude to what will be his main game, the October budget.

The Times of India

Indian economy can touch $20 trillion by 2047: Bibek Debroy

NEW DELHI: Indian economy's size will touch $20 trillion by 2047 provided the annual average growth is 7-7.5 per cent in the next 25 years, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman Bibek Debroy said on Tuesday.

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