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The Latest Breaking News from Economy

‘Ideology trumping economy’: EU body warns firms souring on China

European Union Chamber of Commerce says companies increasingly view China as “less predictable, reliable and efficient”.

Al Jazeera · Sep 21, 2022

High inflation in sight, Fed to signal more rate hikes ahead

Last month, when Federal Reserve Chair Jerome Powell spoke at an economic conference in Jackson Hole, Wyoming, he issued a blunt warning: The Fed’s drive to curb inflation by aggressively raising interest rates, he said, would “bring some pain” for Americans

The Independent UK · Sep 21, 2022

Asian lender ADB cuts forecasts to reflect weakening outlook

The Asian Development Bank has downgraded its forecasts for growth in the region, citing the war in Ukraine, rising interest rates to combat decades-high inflation, and China's slowing economy

The Independent UK · Sep 21, 2022

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We can't solve Australia's mental health emergency if we don't train enough psychologists. Here are 5 fixes

Almost 50% of Australians experience mental illness in their lifetime, costing our economy up to A$220 billion annually, according to pre-pandemic figures.

The Conversation · Sep 21, 2022

Investors: THIS is the Elephant in the Room

It’s time to stop beating around the bush. The key topic is inflation and how much damage the Fed will create in the US economy to tame this economic beast. The more damage...the more downside for the stock market (SPY). 40 year investment veteran, Steve Reitmeister, shares his thoughts on…

StockNews.com · Sep 21, 2022

Fed keeps focus on US economy as the world tilts toward a recession that it may be contributing to

The U.S. Federal Reserve holds inordinate sway over the world’s economies – yet it acts, in some ways, like they don’t really matter.

The Conversation · Sep 20, 2022

America’s Education Crisis Is a National Security Threat

A smarter world is changing the balance of power.

Foreign Affairs · Sep 20, 2022

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DES asks for capacity from satellite auction

The Digital Economy and Society (DES) Ministry is demanding satellite capacity be allocated for state use from the winning bidders of an upcoming satellite orbital slot auction.

Bangkok Post · Sep 20, 2022

UK's Truss calls on like-minded nations to unite against authoritarianism

British Prime Minister Liz Truss will call on like-minded nations to combat authoritarianism together, drawing on Russia's invasion of Ukraine to underline the need to push back against those "who weaponise the global economy".

Reuters · Sep 20, 2022

Liz Truss urges world leaders to follow UK with trickle down economics

Reports that stamp duty will be cut as PM uses speech to UN to argue for far-reaching tax reductions, putting her at odds with Joe Biden

The Guardian - UK · Sep 20, 2022

Thai sustainability expo goes international

Thai Beverage Plc (ThaiBev) and its four major trading partners will host the country's largest Sustainability Expo 2022 (SX 2022) at the Queen Sirikit National Convention Center from Sept 26-Oct 2 which is expecting more than 10,000 visitors per day.

Bangkok Post · Sep 20, 2022

The risk of competitive rate hikes

The world is facing the risk that major central banks will undertake competitive interest-rate hikes that may look desirable for their countries individually but could drag the world economy into an unnecessary recession.

Bangkok Post · Sep 20, 2022

American Airlines is revamping premium class with private suites, lay-flat seats

American Airlines is overhauling its most exclusive seating on long-haul jets, adding “private suites” with lay-flat seats that could compete head-to-toe against premium foreign carriers.

Tribune News Service · Sep 20, 2022

ECB's Panetta defying calls to be Italian finance minister, sources say

ECB board member Fabio Panetta is resisting calls from Giorgia Meloni, the front-runner to be Italy's next prime minister, to take the job of economy minister should the rightist bloc win election on Sunday, two political sources told Reuters.

Reuters · Sep 20, 2022

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WEKU · Sep 20, 2022

One thing is top of mind for many young Brits, and it's not the royal family

While all eyes were focused on England in the aftermath of Queen Elizabeth II's death, many young people in London have other issues on their minds. For most, the biggest one is the economy.

The Guardian - UK · Sep 20, 2022

Liz Truss pledges to review tax rates amid cost of living crisis

PM’s remarks pave way for radical overhaul that could include rethinking income tax brackets

Daily Mirror · Sep 20, 2022

Joe Biden lashes out at Liz Truss' favourite approach to economy hours before they meet

The US President said he was 'sick and tired of trickle-down economics' - exactly the approach Liz Truss is planning to take in a tax-slashing mini-Budget this Friday

The Independent UK · Sep 20, 2022

Green light for new £25 million virtual production studio in Belfast

Studio Ulster is scheduled to open for filming in 2024.

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The Independent UK · Sep 20, 2022

UK's Truss says she'll slash taxes despite economic crisis

U.K. Prime Minister Liz Truss said Tuesday that she’s ready to make “unpopular decisions” such as boosting bonuses for wealthy bankers in order to get the U.K.’s sluggish economy growing

Reuters · Sep 20, 2022

Gaza's first marine fish farm helps make up for dwindling catch

A fish farm established in the Mediterranean Sea off Gaza last year has begun to produce sea bream for the local market as well as for export to the occupied West Bank, bringing a welcome boost to diets and much-needed cash to the economy.

Daily Mirror · Sep 20, 2022

Liz Truss boasts she's prepared to be unpopular as she axes bankers' bonus cap

The Tory leader was asked if she's prepared to be unpopular, and replied: 'Yes, yes I am'. It comes as she prepares to cut tax for wealthier Brits this Friday

Edinburgh Live · Sep 20, 2022

West Lothian community wealth plans may become just a 'talking shop'

As council embraces community wealth building scheme there are warnings that strict rules on best return for sales could deprive communities of land and buildings for social development

The Independent UK · Sep 20, 2022

Lebanon aims to adopt long-delayed IMF reforms by October

Lebanon's caretaker economy minister says the crisis-hit country hopes to adopt key but long-delayed reforms demanded by the International Monetary Fund for an economic bailout before the end of next month if there is “political will.”

The Conversation · Sep 20, 2022

India's economy has outpaced Pakistan's handily since Partition in 1947 – politics explains why

India and Pakistan inherited the same economic legacy of underinvestment and neglect from Britain when they became independent states following the Partition on Aug. 15, 1947. Their colonial economies were among the poorest in the world.

Reuters · Sep 20, 2022

Exclusive-Climate change, conflict decimate Syria's grain crop - UN FAO

Climate change, a faltering economy and residual security issues have decimated Syria's 2022 grain crop, leaving the majority of its farmers in a precarious position, the United Nations Food and Agriculture Organization (FAO) said.

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