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The Latest Breaking News from Economy

Rutherglen schoolkids scoop enterprise award with clever app

Pupils from Trinity High youngsters have been honoured through the Circular Economy Challenge of Young Enterprise Scotland.

Daily Record

CII lauds four southern States, including T.N.

‘South India have what it takes to be a $1.5 trillion economy by 2025’

The Hindu

Inflation Clobbers Small Business Owners, Driving Up Debt Amid Rising Rent Costs

Record-high inflation is having a traumatic impact on the U.S. economy and small business owners, with two new surveys charting the depth and scope of how the unwelcome new normal has disrupted operations.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

‘Irresponsible’ to cut back aid now: Q&A with UNDP’s Steiner

UNDP’s Steiner says nations should stick to development goals and invest in struggling countries, renewable energy.

Al Jazeera

Chinese carriers go on Airbus buying spree

Airbus has won one of its biggest ever single-day hauls, selling almost 300 airliners worth more than $37 billion to four Chinese airlines in a coup for the European manufacturer in its tussle with Boeing for dominance in Asia’s largest economy.

Bangkok Post

New legislation in the works to protect gig economy workers after historic Uber deal

The government plans to introduce legislation to protect gig economy workers after a historic deal between Uber Australia and the Transport Workers Union.

The New Daily

Arkhom: Property perks to be extended

The government plans to extend property support measures to help spur the recovery of the industry and the overall economy, Finance Minister Arkhom Termpittayapaisith said on Friday.

Bangkok Post

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GST had serious birth defects which worsened over last 5 years: Chidambaram

NEW DELHI: Asserting that the GST had serious "birth defects" which became only worse over the last five years, the Congress on Friday said the GST laws and the manner of their implementation have "wrecked the economy" and the party will work toward its replacement by GST 2.0.

The Times of India

Why Kohl's Shares Are Plunging Today

Kohl's Corp (NYSE:KSS) has called off discussions to sell its business to Franchise Group Inc (NASDAQ:FRG), CNBC reported. The decision comes at a time when there is increased volatility in the stock market and the economy as the Federal Reserve seeks to hike interest rates to contain inflation. Related: Multiple Bidders, Key Executives Departure, Mixed…

Benzinga

Are sanctions actually hurting Russia's economy? Here's what you need to know

Russia's economy is weathering sanctions over the war in Ukraine, but tough times may be ahead, according to an assessment from experts.

WEKU

Abu Dhabi to Pump $2.7Bln in Industrial Sector

The UAE capital, Abu Dhabi, launched its Industrial Strategy on Thursday. The government will invest through this strategy AED10 billion ($2.7 billion) across six transformational programs to more than double the size of Abu Dhabi’s manufacturing sector to AED172 billion by 2031 by increasing access to financing, enhancing ease of…

Asharq Al-Awsat

Asian shares mostly lower after pessimistic 'tankan' survey

Asian benchmarks are lower, echoing a decline on Wall Street, after a quarterly report by Japan’s central bank rekindled worries about the world’s third largest economy

The Independent UK

PM Modi greets chartered accountants on CA Day

‘A Chartered Accountant has an important role in our economy,’ says the PM

The Hindu

Weekly Must-Read: How Bad Is China’s Manufacturing Exodus?

While disruptions from pandemic controls threaten to add impetus to the outflow, China retains tremendous advantages over India and Southeast Asia

Caixin Global

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Birmingham Post

The best start-up firms in Wales revealed

The Wales StartUp Awards 2022 were held at the Depot in Cardiff

Newsroom.co.nz

NZ and the changing face of space exploration

More than 74 nations and a rapidly growing number of private companies are participating in a burgeoning space economy – including New Zealand, write Mitchell Bruce and Robert G Patman

Bangkok Post

BoT demonstrates economic gains despite inflation spike

Thailand's economy has continued to rebound, reflected by better signals in the May economic data, despite a sharp spike in the inflation rate, according to the Bank of Thailand.

Bangkok Post

City Hall, TAT plan festivals for capital

City Hall is working with the Tourism Authority of Thailand (TAT) to promote tourism in Bangkok and revitalise the economy with a plan afoot to organise a variety of festivals in the capital to attract tourists all year round.

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Tribune News Service

Economists sour on US outlook after spending stumbles

An influx of data showing softer consumer spending, sagging sentiment and subdued manufacturing suggest a U.S. economy with a more fragile foundation, prompting several forecasters to lower their estimates for growth.

The New Daily

Sky-high mortgages, high inflation, possible recession. How The Conversation’s panel sees the year ahead

Now in its fourth year, The Conversation’s survey draws on the expertise of leading forecasters to predict what lies ahead for the Australian economy.

The Conversation

Air traffic control funding model ravaged by pandemic as industry struggles to recover

Commercial aviation is critical to the global economy. In 2019, it supported more than 65 million jobs and had a global economic impact of US$2.7 trillion. The COVID-19 pandemic has been unlike any crisis, both in terms of depth and duration, and damaged the aviation industry more than most sectors.

ABC News

Climate change targets achievable by keeping global emissions to COVID levels, scientists say

Between 2019 and 2020, global CO2 emissions experienced the greatest year-on-year drop in recorded history. Researchers say we have to cut emissions by that much every year to keep climate change within safe boundaries.

Reuters

Top Russian economist Mau charged in 'large-scale' fraud case

Leading Russian economist Vladimir Mau has been charged with fraud "on an especially large scale", the interior ministry said on Thursday, in a shock to Russia's academic and economic elite.

The Denver Post

Business confidence collapsing in Colorado as recession fears mount

Confidence among Colorado business leaders has plunged, with one in five now saying the U.S. economy has already entered a recession and nearly three in five expecting the downturn to arrive sometime next year, according to the latest Leeds Business Confidence Index from the University of Colorado Boulder.

Al Jazeera

South Africa’s persistent power cuts: What you need to know

Eskom has struggled to meet electricity demand in Africa’s most industrialised economy for at least a decade.

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