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The Latest Breaking News from Economy

Apec meet to find 'balance' in post-Covid recovery

Prime Minister Prayut Chan-o-cha expects the upcoming 12th Apec High‐Level Meeting on Health and the Economy to serve as a global forum to discuss medical innovations and measures to strike a balance between public health security and economic recovery.

Bangkok Post

US economy flashes signals of hope and concern in mixed data

WASHINGTON — Data this week generated a mixed report card of the U.S. economy, showing both resilience in the face of high inflation and signs of troubles ahead.

Tribune News Service

Growing pains: China’s faltering economy tests leadership’s nerve

Beijing is in a bind over harsh Covid lockdowns, a property crisis and tensions with western trading partners

The Guardian - UK

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Europe on the brink: the states battling to stave off recession

War, drought and Covid have blighted prospects not just in Britain but continent-wide. Which countries are most at risk?

The Guardian - UK

For Republican governors, all economic success is local

Texas Gov. Greg Abbott often knocks President Joe Biden for the country's high rate of inflation and fears of a looming recession

The Independent UK

‘Just shocking’: Inflation buoys GOP’s hopes to flip Senate seat

The Las Vegas Strip is again teeming with tourists, its casinos are minting billions and more people than ever are now working in Nevada. But soaring housing costs and gasoline prices have handed Republicans an opportunity to flip a U.S. Senate seat and reverse years of Democratic gains in the…

Tribune News Service

Greece rid of budget watch but inflation, energy woes bite

Greece's close financial oversight by European Union creditors is ending

The Independent UK

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Crime gangs having field day as rural felonies cost Scots economy £1.8m a year

Jane Hamilton writes on the multi-million-pound bonanza for crime gangs who target rural areas and move their operations into the agriculture sector.

Daily Record

A 'green' electric future will still need mining and minerals

Roy Green: we need the minerals to reshape economy

Newcastle Herald

Doctors warn of 4am booze plan flaws

Doctors have warned against the government's plan to extend the operating hours of pubs to 4am to boost the economy, citing the potential for more road accidents and the risk of further Covid-19 infections.

Bangkok Post

Are We Really Headed For A Recession? Here's What State Unemployment Rates And Payroll Employment Mean For The Economy

Although the U.S. has experienced two declining quarters of GDP, defined as a technical recession, many are left wondering whether the economy is really in a recession as unemployment rates remain at historical lows of 3.5%.

Benzinga

Apec to cooperate to boost tourism

Tourism ministers from across Asia-Pacific have expressed concerns over the damaging effects of Covid-19 on the economy and travel industry, but failed to reach a consensus on all issues due to certain sensitivities.

Bangkok Post

Visas extended to boost tourism

The Centre for Covid-19 Situation Administration (CCSA) has approved longer visas for foreign visitors to the country from Oct 1 until March 31 as part of efforts to revitalise the economy as the pandemic eases, the agency said on Friday.

Bangkok Post

3 Mid-Cap Stocks to Buy for Impressive Returns This Year

Investors’ sentiments are improving amid slowing inflation and rising hopes of a slower tightening by the Fed. Moreover, the economy might successfully dodge a recession considering its resilience so far. Here are three fundamentally robust mid-cap stocks, Acuity Brands (AYI), Hugo Boss (BOSSY), and Progress Software (PRGS), which look poised…

StockNews.com

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Benzinga

Want A Great Economic Barometer? Look No Further Than The Comedy Business

Fundamentally, many would argue that the economy is headed for a recession. How deep, however, is that which is up for more debate, usually. However, there are some pockets of the economy that would completely disagree.

The Guardian - UK

Work doesn’t pay. Labour will fix that

Squeezed pay has forced too many working people to use food banks, say Labour frontbenchers Angela Rayner and Rachel Reeves

Daily Mirror

Mum paid for nanny to fly first class but stuck 'outraged' son alone in economy

An exasperated mum who was outraged about her son Matt's attitude towards his nanny decided to teach the young man a lesson by not buying him a first class plane ticket

Tribune News Service

Auto review: Refined looks, tech for 11th-generation Civic

Honda Civic owners have been among the most loyal to their brand for many years, much like enthusiasts of Jeep and Subaru. Give them a minute and Civic folks will chatter about its reliability, fuel economy and value.

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Chronicle Live

Striking images show how £20m Levelling Up bid could transform South Tyneside

State-of-the-art college facilities and a redeveloped Customs House lie at the heart of the local authority's bid

Evening Standard

New prime minister needs to reverse ‘collapse in public confidence’, top Tory warns

Jake Berry said the new Conservative leader would be under pressure to boost the stalling economy and cap soaring bills

Asharq Al-Awsat

Riyadh Economic Forum Studies Effects of Transition to New Work System

The Riyadh Economic Forum is currently studying the prospects and challenges of the new work system, including flexible and remote employment, given its importance in the labor market, especially following the Kingdom’s successful experience in adopting modern patterns during the Covid-19 pandemic. The establishment of the Riyadh Economic Forum, which…

Daily Record

Falkirk Arts Centre still on the table as £140 million growth deal takes next steps

Funding from UK and Scottish governments will be also used to help the Falkirk area's economy leave fossil fuels behind

Reuters

German dependence on China growing 'at tremendous pace', research shows

The German economy became more dependent on China in the first half of 2022, with direct investment and its trade deficit reaching new heights, despite political pressure on Berlin to pivot away from Beijing, according to research seen by Reuters.

Asharq Al-Awsat

Egypt Central Bank Holds Rates Steady After Change of Governor

The Central Bank of Egypt (CBE) kept its overnight interest rates steady on Thursday, hours after a new governor was named to replace Tarek Amer, who quit on Wednesday. President Abdel Fattah al-Sisi appointed Hassan Abdalla as caretaker CBE governor on Thursday after Amer's resignation. Analysts said the CBE may…

WEKU

The Yangtze River is shrinking as drought disrupts the world's No. 2 economy

The disruption adds to challenges for the ruling Communist Party, which is trying to shore up sagging economic growth.

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