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The Latest Breaking News from Economy

Indonesia at 'pinnacle of global leadership', president says

Indonesian President Joko Widodo on Tuesday hailed his country's growing stature on the global stage and reiterated calls for the Southeast Asian nation to be a "bridge of peace" between Russia and Ukraine.

Reuters

One year into Taliban control, Afghans face poverty and repression. Australia cannot turn a blind eye

One year after the fall of Kabul, life is difficult and precarious for almost everyone in Afghanistan. More than half of the 40 million people of this troubled country are facing severe malnutrition and grinding poverty, and 90% struggle with food insecurity. In a land of widows and orphans, disaster…

The Conversation

Economy to continue growing despite disappointing Q2: Bank of Thailand

Despite a weaker-than-expected second quarter, the economy is expected to continue growing in the second half of the year as tourism picks up, the Bank of Thailand (BoT) said on Tuesday, suggesting gradual policy tightening may continue.

Bangkok Post

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Tensions thwart growth in 2022

Geopolitical tensions have pressured Thailand's economic expansion this year, according to Danucha Pichayanan, secretary-general of the Office of the National Economic and Social Development Council (NESDC).

Bangkok Post

Scotland's deposit return scheme to go live for consumers in one year’s time

The Scottish Government say the scheme, which will be the first in the UK, will play an important part in Scotland’s journey to a circular economy. It will go live on August 16, 2023.

Glasgow Live

ASX closes at 10-week high as BHP unveils record dividend, Tassal accepts $1.7b takeover bid

Australian shares have risen to their highest level in 10 weeks as BHP reports its second-highest profit ever, James Hardie lowers its profit forecasts due to surging inflation and Tassal accepts a $1.7 billion takeover bid from Canadian aquaculture company Cooke Inc.

ABC News

These 5 Dividend Payers Just Got A Lot More Attractive: Passive Income For Investors In The Energy Sector

Energy companies have generated record-breaking profits not seen since the last cycle, largely due to geopolitical conflict and supply concerns, sending prices skyrocketing.

Benzinga

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The temples that Jawaharlal Nehru built

Nehru’s luminous legacy is deeply laid in India’s growth story since Independence

The Hindu

Taskforce set up in bid to deliver energy bill discount in Northern Ireland

UK Chancellor Nadhim Zahawi met Stormont Economy Minister Gordon Lyons and Communities Minister Deirdre Hargey in Belfast last week.

The Independent UK

Oil prices hit lowest level since Ukraine invasion on China growth fears

Chinese recovery from lockdowns shows signs of fizzling out as central bank cuts interest rates

The Guardian - UK

How to tackle the UK cost of living crisis – four economists have their say

UK inflation, already at 40-year highs, could pass 13% in October, according to Bank of England forecasts. While wages have not kept pace with inflation, much of the expected squeeze on households and businesses is down to rising energy costs.

The Conversation

African digital innovators are turning plastic waste into value -- but there are gaps

Plastic pollution is a growing global menace. Between 2010 and 2020, the global production of plastics increased from 270 million tonnes to 367 million tonnes. Every year, more than 12 million tonnes of plastics end up in the world’s oceans, with severe consequences for marine life. When macro plastics degrade…

The Conversation

The Chinese dream of home ownership is crumbling. The economy could go with it

TAIPEI, Taiwan — Last November, hundreds of angry homeowners in Nanchang, the capital of China's Jiangxi province, gathered on the roof of an unfinished apartment building. From their perch, they unfurled red and white banners along the outer walls and chanted demands for completion of the homes they had already…

Los Angeles Times

Taliban’s rule batters Afghanistan year after US departure

A year after the Taliban swept across Afghanistan, sparking a chaotic withdrawal of U.S. and allied forces, the country’s dire economic and human rights outlook has only worsened.

Tribune News Service

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Evening Standard

Hard graft ahead despite some relief on rail fares

Still scope for double-digit rise that would be another huge blow to London’s economy

The Independent UK

Brazil to open South America’s first ‘digital nomad village’

Brazilian government hopes the project will boost the local economy by £30 million a year

Benzinga

S&P 500, Nasdaq Futures Slip From Multi-Month Highs: As China's Economy Sneezes, Will Wall Street Catch A Cold?

The U.S. index futures are seen pulling back on Monday following buoyant performances in the week ended Aug. 12.

The Hindu

NLCIL exploring feasibility of creating business model for producing green hydrogen: CMD

This is in line with the Union government’s goal of creating a hydrogen economy in the country, he says

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Evening Standard

Afghanistan: one year on — starvation, women in hiding and children married off to pay for food

A year ago today, Afghanistan fell to the Taliban. The economy has since collapsed, child marriage is rife and women can’t work. Oliver Marsden reports from Kabul

WEKU

A year on, the Taliban savor victory, while other Afghans pay the price

For the first time in decades, Afghans are living in relative peace. But with sanctions on the Taliban, the economy is in shambles and hunger is widespread. Girls are still out of school.

Asharq Al-Awsat

Asian Shares Mixed after China Cuts Key Rate, Japan GDP Up

Shares were mixed in Asia on Monday after China's central bank cut a key interest rate and Japan reported its economy picked up momentum in the last quarter. Tokyo and Sydney advanced while Hong Kong, Shanghai and Bangkok fell. US futures edged lower early Monday, while oil prices declined. The…

Los Angeles Times

Commentary: What can cities do when bad gun laws are hurting the economy?

Bad gun laws have claimed yet another victim, but not the kind you might be thinking of. This year’s Music Midtown Festival in Atlanta was recently canceled because the organizers believed Georgia law did not allow them to prohibit firearms at the event. The cancellation might have saved lives, but…

The Guardian - UK

Oil prices drop by $5 to lowest since before Russia invaded Ukraine – as it happened

Live coverage of business, economics and markets as Chinese economy shows signs of slowdown and Institute for Fiscal Studies warns on maintaining similar level of energy bills support

The Independent UK

AP News Digest 3:25 am

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

The Independent UK

China cuts interest rate to shore up sagging economy

China’s central bank has trimmed a key interest rate to shore up sagging economic growth at a politically sensitive time when President Xi Jinping is believed to be trying to extend his hold on power

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