The Latest Breaking News from Economy

Foreign investment to July up 65%

Approved foreign direct investment (FDI) rose 65% to 74 billion baht in the first seven months of the year, from the same period a year earlier, a government spokesman said on Friday, describing the trend as a sign of confidence in the economy.

Bangkok Post · Sep 2, 2022

Commentary: Could a return of the lost workers avert a recession?

There’s not much good to say about the U.S. economy today, with out-of-control inflation eroding household incomes and Americans bracing for a recession after gross domestic output shrunk in the first half of 2022.

Tribune News Service · Sep 2, 2022

Chinese City of 21 Million Shuts Down over Covid Outbreak

Around 21 million people in the Chinese city of Chengdu effectively went into lockdown on Thursday as authorities raced to snuff out a new Covid-19 outbreak. China is the last major economy wedded to a zero-Covid policy, stamping out virus flare-ups with snap shutdowns, mass testing and lengthy quarantines, AFP…

Asharq Al-Awsat · Sep 2, 2022

America’s getting back to work, and that includes Illinois

Since Joe Biden took office, we’ve added 9.5 million jobs to the economy. The unemployment rate has plunged to 3.5%, matching a 53-year low.

Chicago Sun-Times · Sep 1, 2022

Long COVID has put 4 million out of work

A new study reckons with the incredible economic impact of long COVID, which has erased over 2% of the workforce

Salon · Sep 1, 2022

Why the aviation industry must look beyond carbon to get serious about climate change

Commercial aviation has become a cornerstone of our economy and society. It allows us to rapidly transport goods and people across the globe, facilitates over a third of all global trade by value, and supports 87.7 million jobs worldwide. However, the 80-tonne flying machines we see hurtling through our skies…

The Conversation · Sep 1, 2022

Fed is hoping August hiring report will show slowdown

Raging inflation has so scrambled the economy that it’s come to this: If Friday’s jobs report for August were to show a significant hiring slowdown, the Federal Reserve — and even the White House — would likely welcome it

The Independent UK · Sep 1, 2022

German civil servants investigated over ‘spying for Russia’

Officials linked to energy supply suspected of trying to obstruct economic policies, reports Die Zeit

The Guardian - UK · Sep 1, 2022

Is a recession coming? How to make the most of your paycheck

The economy is weird right now.

Los Angeles Times · Sep 1, 2022

‘Fantastic number’: TV anchors miss the nuance in 13.5% GDP growth

The Indian economy grew by 13.5 percent in the April-June quarter of 2022, according to data released by the National Statistical Office on Wednesday. This figure may sound impressive, especially given the dismal numbers over the past two years, but there is more than meets the eye.

Newslaundry · Sep 1, 2022