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The Latest Breaking News from Economy

"The economy and employment" is the most important issue for candidates running in the upcoming House of Councillors election, followed by "diplomacy and security," according to a Yomiuri Shimbun survey.

The Japan News/Yomiuri

Bank of England needs to guard against a wage price spiral

City Voices: Urgent medicine needs to be administered to the economy

Evening Standard

Welsh business confidence remains stable despite slump in June

Firms in manufacturing, construction and hospitality reported a fall in confidence as optimism in the economy took a hit

Birmingham Post

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Federal Reserve chair Jerome Powell: ‘No guarantee’ Fed can tame inflation, spare jobs

Though economists worry that higher interest rates could push the nation into a recession, the Fed chair pointed to a strong labor market and said most households and businesses have healthy savings.

Chicago Sun-Times

Bio Circular Green: powering four sustainable sectors

Climate change poses a serious threat to all countries, and is having a growing and unprecedented global impact. Recognising that no country is alone in this effort and that multilateral cooperation is needed, Thailand has demonstrated its commitment to addressing climate change by ratifying the United Nations Framework Convention on…

Bangkok Post

Fear of a recession could become a self-fulfilling prophecy

The public feels that something isn't right.

Axios

Axios-Ipsos Latino Poll: Gun violence and crime surpass inflation as top concern

But the economy is still the most difficult issue for Democrats among Latinos.

Axios

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Household debt-to-GDP dips to 89.2% in Q1

Thailand's household debt to gross domestic product ratio stood at 89.2% in the first quarter, slightly down from a revised 90.0% in the previous quarter, central bank data showed on Thursday, as the economy continued to recover.

Bangkok Post

China’s economy shows signs of improvement as Covid eases

China’s economy showed further signs of improvement in June with a strong pickup in services and construction as Covid outbreaks and restrictions were gradually eased.

Bangkok Post

US Disburses $1.3 bn of Promised Aid to Ukraine

The US Treasury Department announced Wednesday the transfer of $1.3 billion in economic aid to Ukraine as part of the initial $7.5 billion promised to Kyiv by the Biden administration in May. "With this delivery of economic assistance, we reaffirm our resolute commitment to the people of Ukraine as they…

Asharq Al-Awsat

Asia stocks mixed after Wall St down, China manufacturing up

Asian stock markets are mixed after the U.S. economy contracted and China reported stronger factory activity

The Independent UK

Pakistan foreign minister calls for easing sanctions on Afghanistan

Pakistan's foreign minister called for an easing of Western sanctions against Afghanistan under the Taliban government, saying the basic functioning of the Afghan economy must not be endangered.

Reuters

Kate Forbes in talks to help smash ‘green ceiling’ for women

CLIMATE youth delegates from Renew the World met with the Scottish Government’s Finance and Economy Secretary Kate Forbes at the Scottish…

The National (Scotland)

Rising inflation weakens outlook for Scottish economic growth in 2023

The Scottish economy had shown healthy growth before contracting in April, but the cost of living crisis, inflation and interest rate rises are…

The National (Scotland)

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Wales Online

Soaring inflation to hit Britain harder than any other major economy

To address inflation, the Bank of England warns it may need the option of half-point interest rate rises

Al Jazeera

In Philippines, fears for labour rights as Marcos takes power

Labour organisers are sceptical that incoming president will prioritise better working conditions in the gig economy.

Insider UK

Scottish business confidence dips, but prospects on the up

Optimism in the economy plummeted in June - down 47 points at 5% - as firms struggled with mounting economic headwinds

Bangkok Post

Prayut vows EV production within year

Thailand aims to assemble electric vehicles (EVs) domestically within a year, faster than the previous target of 2024, says Prime Minister Prayut Chan-o-cha.

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The Independent UK

UK faces bigger and faster recession than other European countries, Bank of England warns

Andrew Bailey said the UK economy had reached a ‘turning point’

Bangkok Post

World Bank views Thai uptick at 2.9%

Thailand's economy is expected to expand by 2.9% in 2022, unchanged from a forecast in April, supported by private consumption and a tourism recovery, according to the World Bank.

The New Daily

Alan Kohler: A recession we don’t have to have is coming, and it will be the RBA’s fault

The RBA has turned on a sixpence, from smiling benignly and welcoming some inflation to sprouting horns and bringing on a recession we didn't have to have.

Benzinga

Needham's Developer Checks For Wix.com Highlight Continued Funnel Weakness

Needham analyst Bernie McTernan reiterated a Buy rating and $85 price target on Wix.com Ltd (NASDAQ:WIX) following a round of web developer checks. He spoke with 22 developers in the WIX Marketplace to shed light on the broader funnel. They did not indicate any improvement. Failure of the funnel to return puts his 2H'22E and…

The Guardian - UK

UK will face worse inflation than other major economies, says Bank governor

Andrew Bailey said inflation would persist for longer than previously expected as petrol prices soar

Benzinga

Economic View Of The Australian Dollar

As fears that a recession is just around the corner for the US, some economists are warning that Australia could follow suit. Some, however, remain bullish on the Australian economy due to high household savings, strong commodity exports, accommodative government stimulus and a robust pipeline of residential building constructions.

The Independent UK

Women on TikTok plan purchasing boycott in protest of Roe v Wade reversal: ‘No buy July’

‘Biggest protest is disrupting the economy’

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