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The Latest Breaking News from Economy

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

Wales Online

Glass half empty or full? The two ways of viewing latest UK jobs figures

Analysis: While chancellor says unemployment has rarely been lower, Bank of England predicts recession will push up jobless rate

The Guardian - UK

Tunisia’s Economy Grows 2.8% Despite Difficulties

The Tunisian economy grew 2.8 percent during the second quarter of 2022 annually, according to the National Institute of Statistics. The Institute said the growth is due to the high value-added growth rate in the services sector, which amounted to 5.2 percent annually. However, compared to the growth rate in…

Asharq Al-Awsat

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Indonesia’s Widodo hails ‘strong’ economy, rising global profile

Indonesian leader says country stands at ‘pinnacle’ of international leadership after winning presidency of G20.

Al Jazeera

Economy and Society, August 16, 2022: ESG becomes a campaign theme

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

Asian shares mostly higher, echoing Wall Street rebound

Asian shares are mostly rising after a rebound on Wall Street, despite regional investor risks reflected in negative economic data out of China

The Independent UK

Workers' pay falls at record levels as Tories 'have lost control of the economy'

Boris Johnson is on his second holiday in a fortnight as Brits are facing a deepening cost of living crisis. Between April and June, regular pay slumped by 3% when taking skyrocketing inflation into account, according to official statistics.

Daily Mirror

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UK real pay falls by record 3%, as job vacancies also decline – as it happened

UK wages adjusted for inflation decline at fastest rate in 20 years, while job vacancies fall, as average annual grocery bill is set to jump by £533 to £5,128

The Guardian - UK

Ukraine's Black Sea deal also helps Russian farmers, economy

Agreements to unblock Ukrainian grain stuck at Black Sea ports for nearly six months of war also gave a boost to Russia's food and fertilizer

The Independent UK

Indonesia at 'pinnacle of global leadership', president says

Indonesian President Joko Widodo on Tuesday hailed his country's growing stature on the global stage and reiterated calls for the Southeast Asian nation to be a "bridge of peace" between Russia and Ukraine.

Reuters

One year into Taliban control, Afghans face poverty and repression. Australia cannot turn a blind eye

One year after the fall of Kabul, life is difficult and precarious for almost everyone in Afghanistan. More than half of the 40 million people of this troubled country are facing severe malnutrition and grinding poverty, and 90% struggle with food insecurity. In a land of widows and orphans, disaster…

The Conversation

Economy to continue growing despite disappointing Q2: Bank of Thailand

Despite a weaker-than-expected second quarter, the economy is expected to continue growing in the second half of the year as tourism picks up, the Bank of Thailand (BoT) said on Tuesday, suggesting gradual policy tightening may continue.

Bangkok Post

Tensions thwart growth in 2022

Geopolitical tensions have pressured Thailand's economic expansion this year, according to Danucha Pichayanan, secretary-general of the Office of the National Economic and Social Development Council (NESDC).

Bangkok Post

Scotland's deposit return scheme to go live for consumers in one year’s time

The Scottish Government say the scheme, which will be the first in the UK, will play an important part in Scotland’s journey to a circular economy. It will go live on August 16, 2023.

Glasgow Live

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ABC News

ASX closes at 10-week high as BHP unveils record dividend, Tassal accepts $1.7b takeover bid

Australian shares have risen to their highest level in 10 weeks as BHP reports its second-highest profit ever, James Hardie lowers its profit forecasts due to surging inflation and Tassal accepts a $1.7 billion takeover bid from Canadian aquaculture company Cooke Inc.

Benzinga

These 5 Dividend Payers Just Got A Lot More Attractive: Passive Income For Investors In The Energy Sector

Energy companies have generated record-breaking profits not seen since the last cycle, largely due to geopolitical conflict and supply concerns, sending prices skyrocketing.

The Hindu

The temples that Jawaharlal Nehru built

Nehru’s luminous legacy is deeply laid in India’s growth story since Independence

The Independent UK

Taskforce set up in bid to deliver energy bill discount in Northern Ireland

UK Chancellor Nadhim Zahawi met Stormont Economy Minister Gordon Lyons and Communities Minister Deirdre Hargey in Belfast last week.

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The Guardian - UK

Oil prices hit lowest level since Ukraine invasion on China growth fears

Chinese recovery from lockdowns shows signs of fizzling out as central bank cuts interest rates

The Conversation

How to tackle the UK cost of living crisis – four economists have their say

UK inflation, already at 40-year highs, could pass 13% in October, according to Bank of England forecasts. While wages have not kept pace with inflation, much of the expected squeeze on households and businesses is down to rising energy costs.

The Conversation

African digital innovators are turning plastic waste into value -- but there are gaps

Plastic pollution is a growing global menace. Between 2010 and 2020, the global production of plastics increased from 270 million tonnes to 367 million tonnes. Every year, more than 12 million tonnes of plastics end up in the world’s oceans, with severe consequences for marine life. When macro plastics degrade…

Los Angeles Times

The Chinese dream of home ownership is crumbling. The economy could go with it

TAIPEI, Taiwan — Last November, hundreds of angry homeowners in Nanchang, the capital of China's Jiangxi province, gathered on the roof of an unfinished apartment building. From their perch, they unfurled red and white banners along the outer walls and chanted demands for completion of the homes they had already…

Tribune News Service

Taliban’s rule batters Afghanistan year after US departure

A year after the Taliban swept across Afghanistan, sparking a chaotic withdrawal of U.S. and allied forces, the country’s dire economic and human rights outlook has only worsened.

Evening Standard

Hard graft ahead despite some relief on rail fares

Still scope for double-digit rise that would be another huge blow to London’s economy

The Independent UK

Brazil to open South America’s first ‘digital nomad village’

Brazilian government hopes the project will boost the local economy by £30 million a year

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