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The Latest Breaking News from Economy

Shanghai is expected to reopen some subways as it eases COVID restrictions

The lockdown of China's largest city has dealt a blow to the economy and frustrated residents.

WEKU

Russia-Ukraine war impact draws focus of G7 finance leaders

Finance ministers for the Group of Seven leading economies on Thursday will deal with the immediate effects of Russia’s war in Ukraine and the COVID-19 pandemic, overtaking their more ambitious plans to reform the global economy

The Independent UK

Stock markets tumble as inflation surges and recession fears intensify

96 of top 100 shares fall into the red as warning signs flash for global economy

The Independent UK

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Workers' leverage is here to stay

Workers' power may outlast a slowing economy.

Axios

BOI addresses the BCG Roundtable

On 10 May 2022, Ms. Sonklin Ploymee, Deputy Secretary General of the Thailand Board of Investment (BOI), and Dr. Janekrishna Kanatharana, Executive Vice President of National Science and Technology Development Agency (NSTDA), who is supervising the Eastern Economic Corridor Innovation Zone (EECi), delivered speeches about “The Bio Circular Green Policy…

Bangkok Post

Global economy loses $1.6 trillion as world struggles to avoid a new cold war

LONDON: The ties that bind the global economy together, and delivered goods in abundance across the world, are unravelling at a frightening pace.

The Times of India

Labor defends $7.4bn increase in deficit to fund election promises

Jim Chalmers says investments in childcare and cleaner energy are necessary and further budget savings could later be identified

The Guardian - AU

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India, fastest-growing major economy, projected to grow 6.4% in 2022: U.N.

The global economy is now projected to grow by only 3.1 per cent in 2022, down from the 4.0 per cent growth forecast

The Hindu

G7 Finance Ministers to Thrash Out Ukraine Aid Plan

G7 partners meet Thursday hoping to find a solution for Kyiv's budget troubles as the fallout from Russia's invasion of Ukraine continues to roil the global economy. Finance ministers from the Group of Seven industrialized nations are holding talks in Koenigswinter in western Germany to coordinate their response. "The bilateral…

Asharq Al-Awsat

Thursday briefing: Why we don’t have to balance the books

In today’s newsletter: As inflation hits a 40-year high of 9%, Archie Bland explores the causes of the crisis, and the potential solutions left out of the debate

The Guardian - UK

Blues on Broadbeach music festival begins on Gold Coast, with hopes high for tourism industry

The Gold Coast tourism industry's COVID blues could be over, with more than 170,000 people expected to descend on the city for a music festival tipped to pump millions into the economy.

ABC News

India, fastest-growing major economy, projected to grow 6.4% in 2022: UN

UNITED NATIONS: As the Ukraine conflict impacts the global GDP, India is projected to grow by 6.4 per cent in 2022, slower than the last year's 8.8 per cent but still the fastest-growing major economy, with higher inflationary pressures and uneven recovery of the labour market curbing private consumption and…

The Times of India

US Congress approves new $40 billion Ukraine aid package

The US Senate overwhelmingly approved a $40 billion infusion of military and economic aid for Ukraine and its allies on Thursday as both parties rallied behind America’s latest, and quite possibly not last, financial salvo against Russia’s invasion. Follow FRANCE 24’s liveblog for all the latest developments. All times are…

France 24

Australia's economy holds plenty of pitfalls for election winner

Whichever party takes the reins of power at Australia's election on Saturday faces an economic road pitted with pot holes, from runaway inflation to rising interest rates, ballooning debt and an over-heated housing market.

Reuters

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Bangkok Post

Bitkub set to rejig 'Gen Z to CEO' push

Bitkub Capital Group Holdings and the Department of International Trade Promotion (DITP) have signed a memorandum of understanding to prepare Thailand's youth for the digital economy era and Web 3.0.

Benzinga

Sector Rotation And 9 Stocks To Watch During A Recession

Is the United States heading toward a recession? This has been the looming question on the minds of Americans since inflation topped at 8.5% in March, matched with other indicators such as rising interest rates and the bond market’s inverted yield curve.

The Independent UK

EXPLAINER: Why is Wall Street close to a bear market?

The bears are rumbling toward Wall Street

ABC News

Federal election: All the updates from the campaign with Anthony Albanese and Scott Morrison — as it happened

The economy remains at the centre of the election campaign, with the latest unemployment data released on Thursday, along with Labor unveiling its policy costings.

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Bangkok Post

Spectre of 2023 global recession looms

In economics, there is no such thing as a surprise. Major economic events like rising inflation, interest rate hikes, currency depreciation, even economic recession can be detected as far as a year ahead.

Edinburgh Live

Mum slammed after fuming at British Airways for 'separating' her from two year old son

A mum has taken to Mumsnet to fume over British Airways after she was left unhappy with her seating choice during her Premium Economy flight with her son and husband - But not everyone agrees.

WEKU

Stocks slump again. This time, it's retailers such as Target spooking investors

The Dow fell by more than 1,000 points as retailers' earnings reports reflected difficulty navigating higher prices and supply chain bottlenecks.

Tribune News Service

After prospering in the pandemic, Target is now a symbol of inflation's impact

Target Corp., whose growth in the pandemic pushed its stock to record heights, on Wednesday became a symbol of inflation's toll on the American economy.

Nottingham Post

Nottingham Forest promotion would go 'far beyond' £170m value of Wembley final for the city

£170m is how much the Championship play-off final is estimated to be worth

Asharq Al-Awsat

UN Drops Forecast for Global Economic Growth in 2022 to 3.1%

The United Nations on Wednesday significantly lowered its forecast for global economic growth this year from 4% to 3.1%, saying the war in Ukraine has triggered increasing global food and commodity prices and exacerbated inflationary pressures, upending the fragile recovery from the COVID-19 pandemic. The mid-2022 forecast from the UN…

The Independent UK

Biden's burdens grow: Sagging global economy adds to US woes

President Joe Biden embarks for Asia on Thursday facing a new risk for the economy at home: a global economic slowdown caused by Russia’s invasion of Ukraine and the pandemic shutting down Chinese cities and factories

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