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The Latest Breaking News from Economy

GDP notches fastest growth in a year on eased pandemic curbs

Thailand's economy expanded at the fastest pace in a year in the second quarter as eased Covid-19 restrictions boosted activity and tourism, but multi-year high inflation and China's slowdown remain a drag on the nascent recovery.

Bangkok Post

China’s economy slows as ‘zero COVID’ drags down sales, industry

Retail sales and industrial output for July fall short of analysts’ forecasts after lockdowns stifle economic activity.

Al Jazeera

Asian shares mixed after China cuts key rate, Japan GDP up

Shares are mixed in Asia after China cut a key interest rate and Japan reported its economy expanded at a faster pace in the last quarter

The Independent UK

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Afghanistan suffering ‘one of the world’s worst humanitarian crises’ under Taliban

Afghanistan has been suffering through a grave humanitarian crisis since the Taliban took control on August 15, 2021. According to the UN, 95 percent of Afghans are going hungry. It’s a catastrophe that worsened after the fall of Kabul one year ago, exacerbated by the US decision to freeze the…

France 24

India@75: How India became 6th largest economy in world

NEW DELHI: India toppled massive challenges ever since its independence to become the 6th largest economy in the world today.

The Times of India

George Kerevan: Scotland's economy is a diverse one, despite what Unionists say

THE price of an ounce of gold is up on the year by around £200. When you have rampant inflation, investors seek to park their cash somewhere that…

The National (Scotland)

Japan ekes out growth as consumers splurge amid COVID surge

Japan’s economy grew at an annual rate of 2.2% for the April-June quarter from the previous quarter, as consumer spending rebounded with COVID-19 restrictions getting gradually lifted

The Independent UK

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Northern Ireland PMI: Inflationary pressures hit private sector business activity hard

"As far as the economy is concerned, storm clouds continue to gather"

Birmingham Post

The race of two Asian giants

China and India will shape Asia in the next decade, but likely in wary opposition to one another

The Hindu

A tryst with the past

The values envisaged by the builders of independent India need to be imbibed for sustained progress

The Hindu

Poverty pushing Afghan families to sell young girls into marriage

August 15 marks one year since the Taliban seized power in Afghanistan. Since then the economy has spiralled into decline and families are increasingly resorting to selling young girls into forced marriages.

France 24

Taliban failures in governance speed up Afghan brain drain (Part II)

The mass exodus sparked by the Taliban takeover compelled Afghanistan’s new rulers to issue a call for Afghans to stay and help rebuild the country. But after a year of Taliban rule, the economy is in tatters, confidence has been shattered, and Afghanistan’s best and brightest are not returning –…

France 24

Taliban failures speed up Afghan brain drain, battering an already crippled economy (Part I)

The mass exodus sparked by the August 2021 Taliban takeover compelled Afghanistan’s new rulers to issue a call for Afghans to stay and help rebuild the country. But after a year of Taliban rule, the economy is in tatters, confidence has been shattered, and Afghanistan’s best and brightest are not…

France 24

Like Thatcher, Truss wants radical change – but could she avoid a crisis?

Whether she or Rishi Sunak becomes prime minister, challenge looks as daunting as it did for James Callaghan in 1976

The Guardian - UK

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Asharq Al-Awsat

Apple Committed to Supporting Saudi Arabia in Digital Transformation Plan

Esther Hare, Apple’s senior director of Worldwide Developer Marketing and executive sponsor of Women at Apple, underlined the company’s commitment to helping Saudi Arabia in its digital transformation plan. In an interview with Asharq Al-Awsat, Hare stressed that Apple was proud of the launch of its first regional academy for…

Asharq Al-Awsat

Saudi Arabia, South Africa to Discuss Agreements on Technologies, Green Economy, Hydrogen

A senior South African diplomat said that negotiations were underway to sign cooperation agreements with Saudi Arabia that would cover various sectors, including agriculture, industry, green economy, climate and technology. In an interview with Asharq Al-Awsat, South Africa’s ambassador to the Kingdom, Mogobo David Magabe, said that his country was…

The Conversation

Yes, Africa's informal sector has problems, but the answer isn't to marginalise it

African leaders are increasingly aspiring to “modernise” their cities. That is to make them “globally competitive” and “smart”. The hope is to strategically position cities in Africa to drive the continent’s much-needed socio-economic transformation.

Tribune News Service

Abrams and Kemp chart rival economic strategies in Georgia

ATLANTA — Competing economic agendas from Gov. Brian Kemp and his Democratic challenger, Stacey Abrams, crystallized this past week as the two rivals issued strikingly different visions of how to tap state coffers bulging with billions of dollars in surplus money.

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Bangkok Post

Chinese ambassador bullish over economic prospects on uni visit

Chinese Ambassador to Thailand Han Zhiqiang says the steady development of China's economy has injected precious positive energy into the world economy during its difficulties.

The Independent UK

Germany urged to cap heat in offices this winter to save gas

Germany’s economy minister says German businesses and public institutions should heat their offices no higher than 19 degrees Celsius (66.2 degrees Fahrenheit) this winter to help reduce the country’s consumption of natural gas

The Hindu

11% growth over next decade could make India world’s second largest economy by 2031: RBI Deputy Governor

“Currently, India is the third largest economy in the world in PPP terms, with a share of 7% of global GDP after China and the U.S.,” says Michael Debabrata Patra.

Newslaundry

Are ‘nationalistic’ TV shows in national interest? Here’s what the nation may want to know

Amid the Narendra Modi government’s ongoing Tiranga drive to mark 75 years of Independence, the chest-thumping by nationalistic anchors has only helped blare out more decibels for television’s latest noisy campaign.

The New Daily

The Stats Guy: Why the cost of everything is rising and what we can do to ease the pain

I understand the tendency to hope rising the rising cost of living will come to an end before long. I fear this day is not coming anytime soon.

The Hindu

Stop talking here and there, answer why you ruined country's economy for friends: Sisodia to PM Modi

Delhi Deputy CM Manish Sisodia alleged the Centre has written off loans worth ₹10 lakh crore and gave ₹5 lakh crore tax exemption to Mr. Modi’s “friends”.

Wales Online

We asked the Chancellor why Wales is missing out on HS2 funding and the answers show they still simply don't get it

They ended the interview after we pressed him on the issue of rail funding in Wales

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