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The Latest Breaking News from Economy

Tory candidates warned over tax cut pledges amid worsening economic outlook

Frontrunner Liz Truss and rival Rishi Sunak have repeatedly clashed over competing visions for the UK economy.

The Independent UK

Aged care sector welcomes Pacific workers but needs 35,000 more each year to address shortages

Australia is pinning its hopes on Pacific workers to help fill shortages across the economy — particularly in aged care — but industry says a history of poor conditions and sheer numbers mean that's unlikely to make a significant dent in demand.

ABC News

Expats helped boost Kerala’s economy: NORKA officer

THIRUVANANTHAPURAM

The Hindu

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Economy will grow faster in Q3 as investment, tourism return: Arkhom

Thailand's economic growth is expected to accelerate in the third quarter after a weaker-than-expected second quarter as public investment spending increases along with a recovery in tourism, the finance minister said on Wednesday.

Bangkok Post

Investment pledges slump in H1 as foreign projects wane

Investment applications in Thailand dropped by 42% in the first half of 2022 compared to the same period last year, official data showed on Wednesday, led by a sharp fall in foreign projects as the global economy slowed.

Bangkok Post

4 Stocks You’ll Be Glad You Bought

The recent rally in the benchmark indices indicates improving investors’ sentiments. Moreover, analysts believe the economy could likely dodge a recession. So, it could be wise to consider buying quality stocks CVS Health (CVS), APA (APA), Biogen (BIIB), and Centene (CNC) now. Keep reading….

StockNews.com

Inflation is causing real pain. But raising interest rates will make it worse

Rate hikes could induce a recession and hurt ordinary people. We need price stabilisation measures instead

The Guardian - US

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Economy seen growing 3.6% this year - Bank of Thailand

The Thai economy is expected to grow 3.6% this year and 4.0% next year, helped by a recovery in tourism despite inflationary pressures, a member of the Bank of Thailand's (BoT) Monetary Policy Committee said on Wednesday.

Bangkok Post

Biotech start-up bags £2.3 million to commercialise circular economy platform

Money will be spent on a demonstrator facility near Stirling, as well as around 10 new staff

Insider UK

Damascus Announces Establishing Syrian-Iraqi Business Council

The Syrian Ministry of Economy and Foreign Trade issued a decision on Tuesday to establish the Syrian-Iraqi Business Council. The Ministry designated Mohamed Nasser al-Sawwah as the President of the Council and Ziad Aubrey as a vice-chairman from the Syrian side. According to a Ministry statement, the Council aims to…

Asharq Al-Awsat

Echoes of dire 1970s in today's Britain

Plans for a high-wage, high-growth economy lie in ruins as Britain's Conservative prime minister struggles to answer a cost-of-living crisis, compounded by rising worker unrest.

Reuters

Scotland 'paying economic price' for staying with declining UK

SCOTLAND is “paying the economic price” for staying in the union according to a new analysis, which says the UK is in long-term decline and…

The National (Scotland)

Hunter town looks set for 24/7 restaurant, but not everybody's McHappy

The restaurant is slated to inject approximately $5 million "into the local economy during construction, and total wages generated by the new McDonald's operation will be approximately $1 million per year".

Newcastle Herald

What Indonesians in Australia would like their neighbours to understand better about their home country

Indonesia aims to become a superpower in Asia with its massive population and growing economy. However, without knowing the country better, there are warnings Australia may miss out on opportunities.

ABC News

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StockNews.com

3 Dividend Stocks That Could Pay You for Life

Although inflation seems to be cooling down, it is far from the Fed’s target level. And the central bank is expected to continue its interest rate hikes, further slowing down the economy. In these uncertain times, dividend stocks Coca-Cola (KO), Kimberly-Clark (KMB), and Caterpillar (CAT) might be ideal investments to…

The Conversation

What William Ruto's presidency would mean for Kenya's economy

William Ruto has been declared the winner of Kenya’s 2022 presidential election. The close results have been queried, raising the risk of a prolonged political transition. But, if cleared, Ruto is set to inherit an economy that’s not in great shape. For example, unemployment is running high, a fact that…

Reuters

Analysis-As economy wilts, Argentina's Massa seeks to sow hope with farm chiefs

The "superminister" tasked with rescuing Argentina's crisis-racked economy needs cash now, and so just days into the job he has launched a charm offensive to win over farm industry titans to access crucial debt forgiveness ahead of a looming deadline.

The Independent UK

Liz Truss: Who is the foreign secretary hoping to become prime minister?

Social media savvy ‘human hand grenade’ seen as continuity candidate and currently ahead of Rishi Sunak thanks to questionable tax promises and neo-Thatcherite branding

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Dublin Live

Ambitious 50-year plan unveiled to transform Dublin's 'City Edge'

DCC and SDCC say it has the potential for 40,000 new homes and 75,000 jobs contributing billions to the economy

The Conversation

South Africa's proposed fracking regulations should do more to protect groundwater

South Africa is extremely water scarce, and water supply will become more challenging in the future. The population and economy are growing, increasing demand. Rainfall is variable and more extreme and prolonged droughts are expected because of climate change. More than 80% of South Africa’s available surface water resources are…

Evening Standard

After a long hiring boom a sign of a shift in direction

The rush to hire in post-Covid economy first phase may be playing itself out

Wales Online

Four economists on ways to tackle UK cost of living crisis

Political leaders from all major UK parties have put forward proposals to relieve the cost of living crisis this winter

Axios

China's economic growth is slowing, and the government's not doing much about it

China's economy has been the largest source of growth for global GDP for much of the last two-plus decades.

Axios

Why rents are soaring pretty much everywhere in the U.S.

A recession wouldn't bring much relief for renters.

Wales Online

Work begins on A4119 dualling scheme in RCT which could boost local economy by £30m

The plan is to turn 1.5km of road between the South Wales Fire and Rescue Service HQ roundabout and the Coed-Ely roundabout into a dual carriageway

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