Amazon pays £648m in UK taxes as revenues leap beyond £23bn and workforce grows to more than 70,000 Online giant says it is proud of 'significant economic contribution' to the UK economy. Birmingham Post · Jul 19, 2022
World Bank urges more direct aid Fabrizio Zarcone, the newly appointed World Bank country manager for Thailand, recommends three fiscal measures to help protect Thai households from shocks, build social cohesion and resilience while creating space for public investment. Bangkok Post · Jul 19, 2022
Economy and Society: July 19, 2022- Missouri Treasurer challenges ESG impact on public pensions Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics. Ballotpedia · Jul 19, 2022
Automakers targeting average households with new crop of EVs In their first rollouts of electric vehicles, America’s automakers targeted people who value short-range economy cars The Independent UK · Jul 19, 2022
Exhibition highlighting dangers of consumption to tour Scotland A new interactive exhibition touring Scotland this summer hopes to get people thinking about our society’s “throwaway culture” The National (Scotland) · Jul 19, 2022
Apple reportedly will curb hiring next year in response to rocky economy The company joins other tech firms in slowing hiring as fears grow that inflation will lower consumer demand The Guardian - US · Jul 19, 2022
72 000 more workers in jobs on payrolls than last year, ONS figures show AROUND 72 000 people were in employment last month than in the same period last year, figures from the Office for National Statistics have shown. The National (Scotland) · Jul 19, 2022
A Potential Bullish Case in the Midst of the Current Bear Market? Since mid-June, market action has been pretty benign especially given the context of a bear market. It's clear that the economy is slowing which is a major bearish development as it increases the odds of an earnings contraction. But, there is also a bullish impulse as the S&P 500 (SPY)… StockNews.com · Jul 19, 2022
Deregulation of the UK financial sector on top of a fragile economy will be disastrous The government must face the reality that the oversized City is fundamentally broken, says Fran Boait of campaign group Positive Money The Guardian - UK · Jul 19, 2022
Inflation is rising in Kenya: here's why, and how to fix it Inflation has hit many countries recently, from the United States to Sri Lanka. The Conversation · Jul 19, 2022
Cuba says no short-term fix for blackouts Cash-strapped Cuba delivered the bad news to residents Monday evening that there was no end in sight to blackouts disrupting their lives and the economy. Reuters · Jul 19, 2022
Yellen believes U.S. will get on board with global minimum corporate tax — eventually Treasury Secretary Janet Yellen spoke to Morning Edition about global efforts to choke off much of Russia's profit from oil sales and the odds of a recession in the U.S. WEKU · Jul 19, 2022
Which airlines have the best hand luggage policies? As ‘baggage chaos’ adds to travellers’ stress at UK airports, avoiding checking in cases might just be the way to go The Independent UK · Jul 19, 2022
UK Government cancels loans to Sanjeev Gupta's group Scottish Liberal Democrat economy spokesman calls for Scottish Government to end secrecy about its financial involvement Insider UK · Jul 19, 2022
Dublin Live · Jul 19, 2022 Recession Ireland: Dublin's economy faces 'slow down' as Eddie Hobbs might be proven right Inflation will 'likely' have a negative effect on businesses in the second half of 2022
Bangkok Post · Jul 19, 2022 Malaysia not at risk of collapsing like Sri Lanka: minister Malaysia is stable and is not at risk of going bankrupt like Sri Lanka, Finance Minister Zafrul Aziz said, citing the International Monetary Fund’s prediction for the economy to expand 5.75% this year as reason for confidence.
Birmingham Post · Jul 19, 2022 Why urgent action is needed to reform malfunctioning capitalism Measures needed include greater parity between debt and equity and tougher action against collusive behaviour
The Independent UK · Jul 19, 2022 Johnson defends his leadership at final Cabinet meeting The Prime Minister highlighted efforts to protect the economy during the pandemic, measures to help the cost of living and his commitment to net zero.
The Independent UK · Jul 19, 2022 Biden approval rating drops to all-time low amid worries over inflation and looming recession, new poll shows Poll shows Joe Biden and Kamala Harris’s favourability has taken a nose dive
The Independent UK · Jul 19, 2022 Liz Truss: Who is the foreign secretary hoping to become Prime Minister? Social media savvy ‘human hand grenade’ seen as continuity candidate and faces uphill battle to displace favourites Rishi Sunak and Penny Mordaunt
Al Jazeera · Jul 19, 2022 US promotes ‘friend-shoring’ of trade with eye on China, Russia US treasury secretary highlights economic threat posed by ‘unreliable countries’ during visit to South Korea.
Axios · Jul 19, 2022 Janet Yellen pushes to diversify global trade away from "unfair" China "We cannot allow countries like China to use their market position in key raw materials, technologies, or products to disrupt our economy."
Al Jazeera · Jul 19, 2022 For G20, Ukraine war an obstacle to cooperation on global economy Finance ministers and central bank governors fail to sign communique amid divisions over Russia’s invasion of Ukraine.
The News Lens · Jul 19, 2022 Taiwan’s Lost Growth (Part 3): Taiwan’s Economy and Profits Have Stagnated Because Wages Have Not Recovered from the 1997 Crisis The 1997 Asian financial crisis is a distant memory to most countries. But Taiwan hasn’t fully recovered from it because wages have been kept low.
The Denver Post · Jul 19, 2022 Most Americans believe a recession on the horizon. Here’s how experts say to prepare for one Seven in 10 U.S. consumers see an economic downturn ahead, assuming one hasn’t already started. But awareness doesn’t equal preparedness — two in three admit they aren’t ready for what they think is coming, according to a survey from MagnifyMoney, a personal finance website.