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The Latest Breaking News from Economy

Thailand now has in place measures to lure wealthy foreigners and professionals as part of an effort to boost the economy, Labour Minister Suchart Chomklin has said.

Bangkok Post

Why Are Stocks Tilting Bearish Once Again?

The S&P 500 (SPY) rallied 18% from the June lows til they hit a wall in mid August. At first it seemed the reason was simply hitting the resistance level at the 200 day moving average. But really, if we are being honest with ourselves, it is the reawakening to…

StockNews.com

EXPLAINER: 5 key takeaways from the August jobs report

The nation’s job market last month delivered just what the Federal Reserve and nervous investors hoped for: A Goldilocks-style hiring report

The Independent UK

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Just a Pullback or Back in Full Bear Market Mode?

Since testing the 200-day moving average in mid-August, the S&P 500 (SPY) has been in liquidation mode. More importantly, we have retraced more than 50% of the advance that began in mid-June. Is this just a pullback? Or, are we back in bear market mode? This question will be the…

StockNews.com

India pips UK to become world's 5th biggest economy

NEW DELHI: India has pipped Britain to become the world’s fifth largest economy. The United Kingdom (UK) slipped to 6th place delivering a further blow to the government in London as it grapples with a brutal cost-of-living shock.

The Times of India

Modi government more interested in pressing reset button for Opposition-ruled States, says Congress

Instead, it needed to chalk out a road map for the ‘reset of the economy’, says Gourav Vallabh

The Hindu

Explainer-Next UK leader to inherit an economy in a bind

Britain's next prime minister - who will be announced on Monday - will inherit an economy that is forecast to go into a long recession later this year with inflation at a 40-year high and limits on the options for getting growth going again.

Reuters

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US economy added 315,000 jobs in August as unemployment rate rose slightly from half-century low

The government reported Friday that the economy added 315,000 jobs last month, down from 526,000 in July

The Independent UK

Amazon And 2 Other Stocks Insiders Are Selling

The US economy added 315,000 payrolls in August. Investors, meanwhile, focused on some notable insider trades.

Benzinga

The economy added 315,000 jobs, showcasing a labor market that is still strong

U.S. employers added 315,000 jobs in August, while the unemployment rate rose to 3.7% from 3.5% in July. A tight job market gives workers more bargaining power, but it may also fuel inflation.

WEKU

US added 315,000 jobs in August as strong market defies signs of worsening economy

Numbers come as Jerome Powell says Federal Reserve intends to continue interest rate hikes to try to tamp down inflation

The Guardian - US

‘Trust me to help deliver for London where Mayor has failed’

Liz Truss outlines how London would be transformed under her leadership

Evening Standard

Saudi Arabia Seeks to Support Future Economies, Bridge Digital Divides

Eng. Abdullah Al-Swaha, Saudi Minister of Communications and Information Technology, said on Thursday the Kingdom has taken bold steps to support future economies and innovation. The minister revealed efforts to bridge the digital divide and to foster green energy projects in the northwestern NEOM region. He stressed that the Kingdom’s…

Asharq Al-Awsat

A 'Union dividend'? Here's what this year's GERS figures actually mean

LAST week the Scottish Government released their yearly Government Expenditure and Revenue Scotland (GERS) report, the most intensely discussed set…

The National (Scotland)

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Evening Standard

Liz Truss: Let’s unleash the power of London

Exclusive: Liz Truss promises bold action to boost economy and tackle crime

Bangkok Post

Long-term visa applications officially open

The Board of Investment has officially begun accepting applications for long-term resident (LTR) visas for wealthy and high-potential foreigners who are expected to make big contributions to the economy.

Bangkok Post

Foreign investment to July up 65%

Approved foreign direct investment (FDI) rose 65% to 74 billion baht in the first seven months of the year, from the same period a year earlier, a government spokesman said on Friday, describing the trend as a sign of confidence in the economy.

Tribune News Service

Commentary: Could a return of the lost workers avert a recession?

There’s not much good to say about the U.S. economy today, with out-of-control inflation eroding household incomes and Americans bracing for a recession after gross domestic output shrunk in the first half of 2022.

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Asharq Al-Awsat

Chinese City of 21 Million Shuts Down over Covid Outbreak

Around 21 million people in the Chinese city of Chengdu effectively went into lockdown on Thursday as authorities raced to snuff out a new Covid-19 outbreak. China is the last major economy wedded to a zero-Covid policy, stamping out virus flare-ups with snap shutdowns, mass testing and lengthy quarantines, AFP…

Evening Standard

FTSE 100 Live: US payrolls growth eases, helping global stocks and cooling the dollar

The pound is finding some relief as traders mull the implications of jobs figures from the US economy, which have boosted the mood on global stock markets, helping the FTSE rise over 1% at the end of a rough week.

The Guardian - UK

Crisis-hit Zambia secures $1.3bn IMF loan to rebuild stricken economy

Years of mismanagement have led to soaring debt levels, but critics say that without meaningful relief, austerity will continue

AAP

Pension rules relaxed for senior workers

The jobs and skills summit has settled on 36 "concrete" steps including a measure to allow pensioners to work extra hours without losing their payments.

AAP

China diplomacy key to green steel bonanza

Energy-hungry industries get little advantage from Australia being richly endowed with gas and coal, but mining and steelmaking could win in a net-zero economy.

Chicago Sun-Times

America’s getting back to work, and that includes Illinois

Since Joe Biden took office, we’ve added 9.5 million jobs to the economy. The unemployment rate has plunged to 3.5%, matching a 53-year low.

Salon

Long COVID has put 4 million out of work

A new study reckons with the incredible economic impact of long COVID, which has erased over 2% of the workforce

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