The Latest Breaking News from Economy

Oil prices fall to lowest level of the year

Oil prices are a big tell on how investors feel about the global economy's prospects

Axios · Dec 8, 2022

China scrambles to recalibrate 'zero-COVID' policy

WUHAN, China/BEIJING -- The administration of Chinese President Xi Jinping has rolled back some elements of its "zero-COVID" policy, as the slowing economy and public frustration with strict infection prevention measures stoke concerns within the government.

The Japan News/Yomiuri · Dec 8, 2022

On the money: Yellen's next milestone is name on US currency

Janet Yellen is set to unveil the first U.S. currency bearing her signature, marking the first time that U.S. bank notes will bear the name of a female treasury secretary

The Independent UK · Dec 8, 2022

Thursday briefing: How to tackle the crumbling early-years childcare crisis

In today’s newsletter: Increasing costs and under-investment have left an industry struggling to survive. Could a radical overhaul not only help families but also boost the economy?

The Guardian - UK · Dec 8, 2022

Biden approval, views of economy steady, sour: AP-NORC poll

President Joe Biden is facing consistent but critical assessments of his leadership and the national economy as his second year in the White House comes to a close

The Independent UK · Dec 8, 2022

Japan's economy shrank less in July-Sept, revised data show

Japan has reported its economy contracted less than previously thought in the last quarter, weathering the country’s latest big COVID wave with less damage than had been thought

The Independent UK · Dec 8, 2022

Industry group knocks Pheu Thai's 600B minimum wage

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is opposing the Pheu Thai Party's pledge to raise the daily minimum wage to 600 baht because it could affect the business sector's competitiveness.

Bangkok Post · Dec 7, 2022

Pheu Thai clarifies wage-hike pledge

The Pheu Thai Party has clarified its election campaign promise to lift the daily minimum wage to 600 baht after it ran into heavy criticism, saying the wage will be raised only when the economy is back on track.

Bangkok Post · Dec 7, 2022

10m foreign tourist target nears

The economy remains firmly on a path towards economic recovery despite growing uncertainties from inflation, geopolitical risks and a potential global recession next year, the finance minister said on Wednesday.

Bangkok Post · Dec 7, 2022

'Invisible' brides boost economy

Mail-order brides are those who register themselves in catalogues to be chosen by men for marriage. Since the mail-order bride industry forms an essential part of the informal economy in several underdeveloped and developing Asian economies, data misses the economic participation of Asian mail-order brides, making them "invisible" recruits in…

Bangkok Post · Dec 7, 2022