The Latest Breaking News from Economy

Saudi-Greek Partnership to Link Global Digital Economy through Data Cable

Saudi Arabia and Greece have revealed a strategic partnership between the private sectors in the two countries to work on a cable project that will ensure the smooth digital supply of data worldwide at a time when data traffic is growing by more than 30 percent. The partnership was announced…

Asharq Al-Awsat · Jul 28, 2022

US economy likely grew modestly, if at all, last quarter

After going backward from January through March, the U.S. economy probably didn’t do much better in the spring

The Independent UK · Jul 28, 2022

Asian shares, oil prices mostly higher after Fed rate hike

Shares are mostly higher in Asia after the Federal Reserve ratcheted up its campaign against surging inflation by raising its key interest rate three-quarters of a point

The Independent UK · Jul 28, 2022

PM hopefuls Liz Truss and Rishi Sunak set out vision for the North

Their comments come after northern newspapers united to demand action on child poverty, the cost of living and levelling up.

Chronicle Live · Jul 28, 2022

US not yet in recession and 4 other takeaways from the Fed

Jerome Powell delivered a tough message at the start of a news conference Wednesday: Inflation is way too high, and the Federal Reserve is laser-focused on taming it with higher borrowing costs

The Independent UK · Jul 28, 2022

A hawkish Fed signals further rate hikes and sees a slowing economy – but not recession

The U.S. Federal Reserve hiked its benchmark interest rate by a further three-quarters of a percentage point on July 27, 2022.

The Conversation · Jul 28, 2022

Argentina's president sacks economy chief after less than a month - newspaper

Argentina's president will fire Economy Minister Silvina Batakis after just a few weeks on the job, Clarin newspaper reported on Wednesday citing official sources, as the country struggles with a growing economic crisis.

Reuters · Jul 28, 2022

Tourist surge to propel economy in 2nd half

The Thai economy will continue to recover in the second half of this year, supported by all the indicators including private consumption and foreign tourist arrivals, says a Bank of Thailand executive.

Bangkok Post · Jul 27, 2022

Bill Shorten says robodebt royal commission set to start this year – as it happened

This blog is now closed

The Guardian - AU · Jul 27, 2022

World in crisis needs trade, aid

We are in the toughest period the world economy has faced since the creation of the multilateral system more than three-quarters of a century ago. A quadruple shock of Covid, climate change, conflict and cost-of-living has undone years of hard-fought development gains. As financial conditions tighten, even countries that had…

Bangkok Post · Jul 27, 2022