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The Latest Breaking News from Economy

Baht in spotlight after hitting 7-year low

The currency of Southeast Asia's second-largest economy hit a seven-year low of 36.35 baht against the greenback last week. Nonetheless, analysts feel upbeat about the baht's future in the second half of this year.

Bangkok Post

Rishi Sunak would run economy ‘like Margaret Thatcher’ and ‘cut taxes responsibly’

Former chancellor has set out his economic vision as detractors accuse his camp of ‘dirty tricks’

The Independent UK

Common sense Thatcherism needed for UK economy, says Sunak

The former chancellor told the Telegraph newspaper that his economic vision amounted to ‘common sense Thatcherism’.

The Independent UK

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Guilt, shame, dissatisfaction: workers and customers on the gig economy (and how to make it better)

The gig economy is in trouble. Rideshare drivers are cancelling in droves. Wait times for food delivery are ballooning out and driver shortages are leading to food waste.

The Conversation

NZ has reached 'full employment' – but not all workers will benefit from a tighter labour market

New Zealand’s unemployment rate hit a low of 3.2% in the fourth quarter of 2021 and again in the first quarter of this year. That’s the lowest the rate has been since at least 1986, both overall and separately for men (3.1% in both quarters) and women (3.3% in both…

The Conversation

The Reserve Bank can look across to New Zealand for a hint on Australia's economic future

New Zealand is about six months ahead of Australia in its moves to bring down inflation, so is looking across the ditch a glance into our future?

ABC News

ESG pulling Europe in opposite directions

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

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Emmanuel Macron ‘proud’ of supporting Uber’s lobbying drive in France

French president vows to ‘do it again tomorrow’ after leaks he told Uber executives he had brokered secret ‘deal’

The Guardian - UK

Macron Dismisses Criticism of Uber Contacts as Minister

President Emmanuel Macron on Tuesday dismissed critics who questioned his close dealings with Uber executives and business lobbyists when he was France's economy minister, saying he was "extremely proud" of his achievements in that role. Macron's political opponents on the left and the right lashed out at the president Monday…

Asharq Al-Awsat

Macron dismisses criticism of Uber contacts as minister

President Emmanuel Macron is dismissing critics who questioned his close dealings with Uber executives and business lobbyists when he was France’s economy minister

The Independent UK

Central Banks Are Picking Up The Slack On Climate Finance

While only a minority of central banks currently have specific sustainability responsibilities, a majority are performing greater climate risk management roles, particularly as it relates to mitigating climate risks that challenge the stability of the financial system.

Benzinga

Macron responds to Uber Files allegations, 'proud' of meetings with executives

Addressing for the first time accusations that he bent the rules for the US transport company Uber when he was economy minister, French President Emmanuel Macron on Tuesday acknowledged that he held discussions with company executives, and he would do it again.

Radio France Internationale

Could This Be the Most Unusual Time in Economic History?

Sometime last year, I presented a theory that this is probably the most unusual time in economic and financial history due to the pandemic, shutdowns, stimulus, war, etc. It's made a mockery of many forecasters who were late in recognizing the inflation threat, underestimated the economy's resilience in 2020 and…

StockNews.com

France's Macron: I wouldn't change anything in dealings with Uber

French President Emmanuel Macron said on Tuesday he would not change a thing in the approach he took to U.S. ride-hailing firm Uber Technologies when he served as economy minister, after political foes said they would seek a parliamentary inquiry.

Reuters

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The Times of India

RBI chief signals policy won’t sacrifice growth too much

Reserve Bank of India governor Shaktikanta Das said monetary policy is mindful of the economy’s growth needs, signaling that tightening will be geared to ensure there isn’t a massive slowdown.

The Times of India

PM Narendra Modi underlines importance of infra projects to boost economy of eastern India

RANCHI: Prime Minister Narendra Modi on Tuesday underlined the importance of infrastructure projects in boosting the economy of any region.

Chronicle Live

Young people 'won't want to work five days a week' Northumberland county councillors told

The council's HR boss explained it was due to the rise in the so-called platform economy

Asharq Al-Awsat

China Locks Down City of 300,000 Over Single COVID Case

Hundreds of thousands of people were under lockdown in a small Chinese city Tuesday after just one case of Covid-19 was detected, as Beijing's strict no-tolerance virus strategy showed no sign of abating. China is the last major economy glued to a zero-Covid policy, crushing new outbreaks with snap lockdowns,…

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Bangkok Post

500,000 more migrant workers needed for recovery: Chamber of Commerce

Thailand is short more than half a million migrant workers, the Thai Chamber of Commerce said on Tuesday, as the economy struggles with a slow post-pandemic recovery.

Bangkok Post

BoT: Tourist arrivals may rise to 8m

Foreign tourist arrivals could reach 8 million this year after recording higher numbers over the past few months, says the governor of the Bank of Thailand.

The Independent UK

Not just tax cuts needed to boost economy, says Tugendhat

The Tory leadership contender is to set out a 10-point plan to stimulate growth.

Bangkok Post

For Fed, Easing Too Soon Risks Repeat of Stop-and-Go 1970s

Federal Reserve chairman Jerome Powell is raising interest rates at the fastest pace since the 1980s. That has been easy so far because rates are low and the economy has been strong.

Bangkok Post

Business sector gearing up for Apec CEO Summit

The Thai business sector is gearing up for the hosting of the Apec CEO Summit in Bangkok this year, expecting the meeting to lead to business insights post-pandemic and a boost in economic activity during the three-day summit in mid-November.

The Guardian - UK

The Guardian view on the Uber files: a tech immorality tale

Editorial: Devastating leaked documents underline the pressing need for proper regulation of the digital economy

The Independent UK

Fed's Bullard: Solid US economy can handle rising rates

St. Louis Federal Reserve president James Bullard says last week’s jobs report points to a solid U.S. economy with little sign of a recession on the horizon and one that can withstand higher interest rates

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