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The Latest Breaking News from Economy

In Asia, Biden pushes values he struggles to sell at home

Joe Biden spent his first presidential trip to Asia strengthening economic and military commitments

The Independent UK

Govt's punt on cutting emissions must be transparent

The official plan to cut emissions leaves businesses and vehicle owners with a choice - pay up for their emissions or take advantage of incentives to decarbonise. No one yet knows which way the

Newsroom.co.nz

Student loan forgiveness unlikely to boost the economy

The Biden administration has been considering a plan to cancel at least $10,000 of federal student-loan debt. President Biden promised something of the sort during the 2020 presidential campaign. And with about 45 million current and former students carrying $1.76 trillion in debt, some sort of debt forgiveness is appealing…

Los Angeles Times

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Andhra Pradesh CM bats for decarbonised economy in Davos

Jagan invites global players to tap State’s potential of producing green energy

The Hindu

Is Tencent Past the Worst as Government Sends Easing Signals?

Key Takeaways: Tencent reported its first quarter profit fell 22.9%, but the market believes the worst is past after Beijing’s recent end to its freeze on new game approvals

Benzinga

Nine Lebanese Banks to Withdraw from Cyprus, Official Says

Nine Lebanese banks are shutting down their operations on the Mediterranean island of Cyprus, a representative of the Cyprus Central Bank said on Tuesday. The banks will close their branches on the island within a period of time that will allow them to wind down operations in an orderly fashion,…

Asharq Al-Awsat

Sunak faces calls for help with living costs as budget deficit lower than forecast

Tax receipts are weaker than expected, revealing impact of UK’s slowing economy

The Guardian - UK

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Inflation still low 'compared with others': Arkhom

Thailand's inflation is still relatively low and manageable as the economy recovers gradually and more foreign tourists return, the finance minister said on Tuesday.

Bangkok Post

ICT Sector Could Contribute $53 Bln to Saudi GDP in 2022

The information and communication technology (ICT) sector’s contribution to the Saudi GDP reached SAR 146.9 billion ($39 billion) during the past year, with predictions it could reach SAR 200 billion ($53 billion) in 2022, a recent report revealed. Published by the Research and Information Center of the Chamber of Commerce…

Asharq Al-Awsat

Davos 2022: EU eyes ban on Russian oil as leaders discuss energy independence

With world leaders at Davos set to discuss energy independence and sustainability, Germany's economy minister says an EU ban on Russian oil could be "days away". Meanwhile, supply chain disruptions to the world economy are also on the agenda. FRANCE 24's Business Editor Kate Moody reports from the Swiss Alps.

France 24

Saudi Arabia, US Ink Deals to Establish Joint Centers in Emerging Technologies

The King Abdulaziz City for Science and Technology (KACST) signed several cooperation agreements with American research and academic bodies to establish centers of excellence in emerging technologies and implement strategic projects that enhance economic growth in the Kingdom and achieve its ambitious vision of transformation towards an innovation-based economy. The…

Asharq Al-Awsat

'Hunched' Vladimir Putin fidgets and twitches through meeting fuelling cancer rumours

Ailing tyrant Vladimir Putin fidgeted and twitched while discussing the Russian economy with Belarusian President Alexander Lukashenko - who has been branded Europe's last dictator

Daily Mirror

Taiwan goes from 15,000 cases for all 2021 to 80,000 a day

TAIPEI: Billed a Covid-19 success story as its economy boomed through the pandemic, Taiwan is now battling a record wave of infections as it eases restrictions that had kept outbreaks at bay to start life with the virus.

Bangkok Post

Taiwan kept COVID below 15,000 cases for all 2021. Now it has 80,000 a day, testing its 'new model'

Billed a COVID-19 success story as its economy boomed through the pandemic, Taiwan is now battling a record wave of infections as it eases restrictions that had kept outbreaks at bay to start life with the virus.

Reuters

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Asharq Al-Awsat

Saudi Finance Minister Expects 7.4% Growth in 2022

Saudi Finance Minister Mohammed al-Jadaan announced that the Kingdom expects a 7.4 percent growth in 2022. Speaking at a panel on the economic outlook for the MENA region at the World Economic Forum in Davos (WEF), Jadaan explained that Saudi oil GDP would grow 19 percent this year due to…

France 24

Davos 2022: International community 'must do more' on food, energy crises

The 2022 edition of the World Economic Forum is largely focused on Russia's war in Ukraine and its implications for the global economy. As food and fuel prices soar and shortages loom, the head of the UN Development Program, Achim Steiner, tells FRANCE 24's Business Editor Kate Moody that the…

Al Jazeera

China pledges support for ailing economy, analysts doubt impact

Beijing says it will roll out additional tax cuts and postpone social security payments for firms to support growth.

Evening Standard

FTSE 100 Live: Snapchat warning hits shares, April UK borrowing at £18.6bn

The owner of Snapchat added to US economy concerns last night by warning that it will miss earnings forecasts for the current quarter.

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news in one place.

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The Independent UK

AP-NORC poll: Economy grows as priority on Russia response

Americans are becoming less supportive of punishing Russia for launching its invasion of Ukraine if it comes at the expense of the U.S. economy, a sign of rising anxiety over inflation and other challenges

Al Jazeera

East Timor’s president to focus on economy, political stability

José Ramos-Horta explains why he is focusing on the economy and why China is important ‘but not more important’.

The Independent UK

Whole country will reap rewards as Elizabeth line opens, says PM

The Government said the Elizabeth line project is supporting 55,000 jobs, 1,000 apprenticeships and is forecast to boost the economy by £42 billion.

Bangkok Post

Central bank mulls joint sandbox for NDID

The Bank of Thailand plans to collaborate with other regulatory agencies on setting up a co-regulatory sandbox to test digital identity verification through the National Digital ID (NDID) platform in the second half as part of efforts to further drive the digital economy.

Bangkok Post

Ministry says PDPA will be enforced on June 1

The Digital Economy and Society (DES) Ministry insists the Personal Data Protection Act (PDPA) will be enforced on June 1 as scheduled, despite calls from the business sector for its postponement due to a lack of preparedness, particularly among small and medium-sized enterprises (SMEs).

Bangkok Post

Unemployment rate falls to 2-year low

Thailand's unemployment rate dropped in the first quarter to its lowest level since the start of the pandemic, boosted by higher employment both in the agricultural and non-agricultural sectors, as the economy gradually recovers.

Daily Mirror

Global economy faces 'biggest test since the Second World War', expert warns

Kristalina Georgieva, head of the International Monetary Fund, said food and energy prices are squeezing households around the world - and central banks are tightening monetary policy to rein in inflation

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