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The Latest Breaking News from Economy

Cost of living squeeze could push UK into ‘mild recession’; petrol price hits fresh highs – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

BoT: Policy tightening will not disrupt recovery

Thailand's economy will continue growing this year and next, driven by a recovery in domestic demand and tourism, the central bank said on Monday.

Bangkok Post

Sanctions drive Russia to first foreign debt default since 1918

Russia had successfully pushed off the inevitable for months, as its economy crumbles.

Axios

From analysis to the latest developments in health,
read the most diverse news in one place.

Climate needs urgent actions now

Cities around the world are no strangers to riverine flooding. In December 2021, the four main rivers running through Kuala Lumpur hit dangerous levels, causing nearby rail lines to shut down and halting mobility across the city. In March this year, storms prompted flood warnings along Australia's east coast, including…

Bangkok Post

Citi bullish on Thailand

Global economic headwinds notwithstanding, prospects for the Thai economy remain bright, according to Peter Babej, Asia-Pacific chief executive officer for Citi.

Bangkok Post

The long road to recovery

The Centre for Covid-19 Situation Administration (CCSA) announced on June 17 that Thailand plans to lift most of its travel restrictions and virus containment measures from July 1.

Bangkok Post

Agency begins PDPA training programme for small firms

The Digital Economy Promotion Agency (Depa) is forging ahead with a training programme for small and medium-sized enterprises (SMEs) to help them understand practices required under the Personal Data Protection Act (PDPA), which came into force on June 1.

Bangkok Post

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Israel to Let More Palestinians Work in Manufacturing to Fill Labor Shortage

Israel's cabinet approved issuing 3,500 additional permits for Palestinian workers in Israel's manufacturing and services sectors, increasing the number to 12,000 to help relieve a shortage of skilled staff, the Economy Ministry said on Sunday. Workers from the West Bank and Gaza Strip, territories which Israel captured in the 1967…

Asharq Al-Awsat

Oyster and kelp farmers join calls to future-proof NSW south coast’s blue economy

Experts warn the region’s marine environment is undergoing a ‘dynamic state of change’ due to climate warming, freshwater runoff and storms

The Guardian - AU

Israel to let more Palestinians work in manufacturing to fill labour shortage

Reuters

PM suggests he's ready to break international law to 'protect British steel'

BORIS Johnson has suggested his government is prepared to break international law to impose new steel tariffs.

The National (Scotland)

PM implies he is prepared to breach international law to safeguard UK steel

Boris Johnson argued at the G7 summit in Germany it is reasonable for British steel to enjoy the ‘same protections’ as other European economies.

The Independent UK

G7 nations are worried about global economic crisis - Scholz

All leaders of the Group of Seven rich democracies are concerned about a looming economic crisis as growth slows and inflation soars, German Chancellor Olaf Scholz said after a working session on the global economy at this year's annual G7 summit.

Reuters

Greedflation: Is price-gouging helping fuel high inflation?

Furious about surging prices at the gasoline station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices and pocket the profits

The Independent UK

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Asharq Al-Awsat

UAE to Double National Economy to $816 Billion by 2030

The Ministry of Economy has announced that the UAE will soon sign comprehensive economic partnership agreements (CEPA) with several countries. It will also sign trade preference agreements with the member countries of the Organization of Islamic Cooperation in early 2023. The ministry said that the new partnership agreements aim to…

The Hindu

India wants to capture world market, to become $30 trillion economy very soon: Piyush Goyal

New Delhi Union Minister Piyush Goyal on June 26 said India wants to capture the world market in all

The Guardian - UK

Labour has now claimed the centre ground – and has shown it can win

Last week’s byelection proves that the country is crying out for change, and we are the party that will deliver it

Asharq Al-Awsat

Saudi Bourse to Launch Single Stock Futures on July 4

The Saudi stock exchange Tadawul plans to launch single stock futures on July 4, which will enable local and international investors to hedge and manage portfolio risks more effectively. Tadawul said in a statement on Sunday that the underlying stocks for single stock futures have been selected from the largest…

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news in one place.

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Asharq Al-Awsat

Ukraine, Hunger, Inflation: G7 Leaders Navigate Myriad of Crises

G7 leaders including US President Joe Biden gather on Sunday in southern Germany, seeking emphatic backing for Ukraine against Russia's invasion while grappling with the intensifying global fallout of the war. From soaring inflation to a looming food crisis and energy shortages, the conflict in Ukraine, now in its fifth…

Birmingham Post

Stop in-fighting and help economy recover, CBI boss warns Government

CBI director-general Tony Danker warns Ministers that rows over Brexit, the environment and other matters are sapping confidence from business leaders

ABC News

Crown's Sydney casino to deliver $100m in extra tax revenue for NSW government in first year, experts say

Experts say the gambling floors in Sydney’s tallest skyscraper will not deliver as much as once hoped for the state's economy, with its major high-roller market all but gone.

Tribune News Service

Putin is pushing Germany’s economy to the breaking point

In Germany, some industrial furnaces have been running without interruption for decades. If they cool down suddenly, the molten materials harden and the system breaks.

The Guardian - UK

Britain’s hidden online ‘microworkers’ paid less than £4 an hour

Call to name and shame firms paying below the minimum wage for gig economy tasks like data entry

The Independent UK

UK quietly drops ‘human rights’ and ‘rule of law’ from list of goals in Gulf trade deal

Ministers are desperate to sign new trade deals after damaging the UK economy with Brexit

Asharq Al-Awsat

Shanghai Reports Zero Covid Cases for 1st Time Since Outbreak

China reported zero new Covid-19 infections in Shanghai for the first time since March on Saturday, as the country's latest outbreak subsides after months of virus-spurred lockdowns and restrictions. China is the last major economy still committed to a zero-Covid strategy, stamping out new cases with a combination of targeted…

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