The Latest Breaking News from Economy

UTCC survey suggests recovery on course

Despite the global economic slowdown, the Thai economy remains on course for a recovery, according to a recent business survey.

Bangkok Post · Sep 15, 2022

Sydney News: Major events tipped to give economy shot in the arm

MORNING BRIEFING: Sydney is preparing for a series of major music, art, culture and sporting events in spring and summer.

ABC News · Sep 15, 2022

Founder Of World's Largest Hedge Fund Rails Against Fed, Predicts 20% Stock Plummet

The Federal Reserve's raising of interest rates could bring the economy "down," according to billionaire Ray Dalio. In a recent LinkedIn post, the Bridgewater Associates founder said increasing interest rates to about 4.5% — meant to offset inflation — will cause stock prices to plummet by 20%.

Benzinga · Sep 15, 2022

Germany urges firms to make tax-free payments to employees

The German government is urging companies to make a one-off payment to their employees of up to 3,000 euros (dollars) as a way of addressing the impact of rising prices while preventing a spiral of inflation in Europe’s biggest economy

The Independent UK · Sep 15, 2022

Biden announces deal to avert crippling railroad strike: ‘A win for tens of thousands of rail workers’

A strike by railroad workers would have crippled large swaths of the US economy and fanned the flames of inflation

The Independent UK · Sep 15, 2022

G7 nations to take tougher line on trade with China

Germany’s economy minister says the Group of Seven major economies have agreed to take a tougher, more coordinated stance toward China when it comes to trade

The Independent UK · Sep 15, 2022

William Ruto is now in charge of Kenya’s shaky economy: where to start

Kenya’s President William Ruto, sworn in as new President on 13 September 2022, has inherited an economy saddled with debt, inflation, joblessness and national pessimism. The International Monetary Fund has also added to his pain: it recently asked Kenya to broaden its tax base and scrap the fuel subsidy.

The Conversation · Sep 15, 2022

US railroads, unions reach tentative deal on eve of deadline

U.S. railroads and unions reached a tentative deal early Thursday, a breakthrough that looks to avert a labor disruption that risked adding supply-chain strains to the world’s largest economy.

Tribune News Service · Sep 15, 2022

Rail strike averted with hours to go as Biden team pushes deal

U.S. railroads and unions reached a tentative deal early Thursday, a breakthrough that looks to avert a labor disruption that risked adding supply-chain strains to the world’s largest economy.

Tribune News Service · Sep 15, 2022

Railroad strike averted: With tentative deal, Metra trains may run as scheduled

President Joe Biden says a tentative railway labor agreement has been reached, averting a strike that could have been devastating to the economy before the midterm elections.

Chicago Sun-Times · Sep 15, 2022