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The Latest Breaking News from Economy

Prayut: Central bank agrees to keep policy rate steady

The Bank of Thailand (BoT) has told the finance ministry that it will keep its policy rate at the current level to support the economy, Prime Minister Prayut Chan-o-cha told reporters on Tuesday.

Bangkok Post

Mum divides opinion after passenger 'swears at her' for reclining seat on flight

Taking to Mumsnet, the woman explained that she suffers from back pain and had paid extra for a seat in economy.

Daily Record

Pound wobbles amid concerns for economy after Tory leadership vote

The City is braced for a tough summer as it weighs up Britain’s prospects

Evening Standard

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30-day visa on arrival for Saudi visitors

The cabinet on Tuesday resolved to allow Saudi Arabian visitors to get an extended 30-day visa on arrival, to help stimulate the economy.

Bangkok Post

Treasurer warns of ‘severity and magnitude of inflation challenge’ after RBA hikes official interest rate

Jim Chalmers responds to Reserve Bank decision to lift cash rate 50 basis points as Anthony Albanese declines to comment during Indonesia trip

The Guardian - AU

London’s economic recovery shows ‘levelling up’ struggles; stagflation fears rise – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Jordan Lays Out 10-Year Blueprint to Revive Economy

Jordan unveiled on Monday a major development strategy for the Middle Eastern country up to the next 10 years targeting doubling its growth to help it rejuvenate an economy hit by regional turmoil. The plan was a major plank of reforms pushed by King Abdullah since last year to help…

Asharq Al-Awsat

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Sports: 5 key battles in SA series as Team India chases T20I world record

Team India will huddle back for international duty as they lock horns with South Africa in a five-match T20 International series from June 9. Read more on Dynamite News:

Dynamite News

57 entrepreneurs awarded at ET Inspiring Leaders Summit in Uttarakhand

DEHRADUN: Uttarakhand governor Lieutenant general Gurmit Singh (retired) inaugurated the “Economic Times Inspiring Leaders: Uttarakhand 2022 Award” ceremony organised by Optimal Media Solutions, a Times group Company on Monday. During the event, 57 dynamic business leaders from different sectors, including education, manufacturing, medical and IT, among others, who have made…

The Times of India

America's glaring 54-point gap on financial well-being

The economy is working for a huge swath of Americans.

Axios

'Friend-Shoring' Might Be Bad for Global Growth and Inflation

As geopolitical tensions rise, Western governments have urged international companies to shift more business to friendly countries. Some critics think that could split the global economy into hostile camps, hurting growth and worsening inflation.

Bangkok Post

Erdogan Promises More Rate Cuts, Plays Down Inflation in Turkey

Turkey will continue cutting interest rates rather than hiking them in the face of high living costs, President Tayyip Erdogan said on Monday, playing down inflation of more than 70% as one of several problems for the economy. In a speech, Erdogan also redoubled his commitment to boosting production, exports…

Asharq Al-Awsat

It's Time to Take Powell At His Word

No more lip service from you, Jay Powell. The Chairman of the Federal Reserve has notably been sanguine about inflation, the economy and the potential for creating a massive bubble that may be impossible to retreat from. Words are words, action is action. And frankly all one has to point…

Benzinga

Andhra Pradesh: Justice to all, appeasement to none is our hallmark, says Nadda

‘Indian economy is making rapid strides’

The Hindu

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Benzinga

Hemp: A Win-Win Formula For Economy & Environment, Here's Why

This article was originally published in September 2020.

Bangkok Post

Fiscal, monetary policy must align to ensure full recovery: Arkhom

Thailand's fiscal and monetary policies must continue to align to ensure the economy will recover fully, the finance minister said on Monday.

Reuters

Ukraine rebases businesses from war front to shield vital producers

Oleg Averyanov's factory produced fire trucks and employed 600 people until it was forced to halt operations and close its doors as a Russian invasion force poured over the border into his region in northeastern Ukraine on Feb. 24.

Evening Standard

Musk and Dimon warn of heavy weather, but in the longer run we will survive

City Comment: Take a longer view on the economy

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Caixin Global

Editorial: What Kind of Fiscal Intervention Does China Need to Stabilize the Economy?

Policymakers should carefully analyze the current economic situation before coming up with a targeted and appropriate policy

Asharq Al-Awsat

Qatar Reports Record Improvement in Non-Energy Private Sector Activity

The latest Purchasing Managers’ Index (PMI) survey data from the Qatar Financial Center (QFC) signaled a record improvement in business conditions in the non-energy economy in May 2022. The PMI increased to a new record high of 63.6 in April, up from 61.8 in March. This indicated the strongest overall…

The Guardian - AU

Interest rates: RBA weighs up risk of ‘climb shock’ ahead of decision

Economists split on how much Reserve Bank will lift cash rate on Tuesday as it looks to rein in inflation

The Guardian - UK

‘Weakness’ of UK position shaped Northern Ireland protocol negotiations, David Frost says

Former Brexit negotiator criticises Irish government’s focus on ‘all-island’ economy

The New Daily

Alan Kohler: It’s 1973 all over again, but with a greater energy cost for Australia

After a century of gearing the entire global economy to burning fossil fuels, it was never going to be easy or cheap to switch to sunshine and wind.

The Hindu

Modinomics and the long distance to the finish line

The Indian economy needs a new economic policy that has clear objectives unlike the incoherent announcements now

ABC News

Casuals, contractors and gig workers set for 'potentially massive' changes under Labor

An industrial relations fight is looming as employers protest mooted changes giving more employment security to gig-economy workers.

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