The Latest Breaking News from Economy

The secret of the greenback's appreciation

Despite rampant inflation and slowing growth, the US dollar keeps going from strength to strength. Since May last year, the greenback has risen by 28% against the yen and 20% against the pound. In addition, it has appreciated 19% against the euro, reaching parity for the first time since 2002.

Bangkok Post · Sep 23, 2022

Chamber says now is the time to attract investment

Although the weakened currency affects the import sector, the Thai Chamber of Commerce sees the slide of the baht as a good opportunity for Thailand to rev up foreign investment.

Bangkok Post · Sep 23, 2022

Shifting into the new equilibrium

From our point of view, the global economic landscape in the fourth quarter will be very important. We believe that the coming quarter will bring a shift in the global economic picture to a new equilibrium.

Bangkok Post · Sep 23, 2022

Mini budget: will Kwasi Kwarteng's plan deliver growth?

The UK economy has been dogged by slow growth for a long time. Combined with even slower growth in productivity, it has meant virtually no increase in living standards for the average family over the past decade.

The Conversation · Sep 23, 2022

Kwasi Kwarteng: Budget in full

Kwasi Kwarteng has unveiled a mini-budget that delivers billions of pound worth of tax cuts - including a surprise move to scrap the 45% top rate of income tax paid by the UK’s wealthiest. The Chancellor announced sweeping moves intended to rev up the economy in the eagerly-awaited “fiscal event”…

Evening Standard · Sep 23, 2022

2 Stocks That Could Help Hedge Your Bets in 2022

Despite the Fed’s aggressive interest rate hikes, inflation continues to take a toll on the economy. With growing recession fears, it could be best to invest in Walmart (WMT) and Coca-Cola (KO), given their solid fundamentals. Also, these stocks have an impressive dividend-paying history and could help cushion your portfolio…

StockNews.com · Sep 23, 2022

Chancellor's mini Budget "cautiously welcomed" by Welsh business groups

Business leaders and politicians in Wales have had their say on Kwasi Kwarteng's mini Budget

Birmingham Post · Sep 23, 2022

This ‘mini-budget’ is a naked exercise in redistributing wealth upwards

Kwarteng’s borrowing spree will have ugly economic consequences, says Michael Jacobs of Sheffield University

The Guardian - UK · Sep 23, 2022

Trussonomics: Chancellor’s budget marks sharp break in economic policy

The Prime Minister sat nodding approvingly behind Kwasi Kwarteng as the Chancellor announced a multi-billion pound package of tax cuts.

The Independent UK · Sep 23, 2022

Liz Truss and Kwasi Kwarteng's big gamble could railroad the economy off the tracks

The Daily Record's Westminster Editor Torcuil Crichton analyses Kwasi Kwarteng's mini budget that helps the wealthiest in society.

Daily Record · Sep 23, 2022