The Latest Breaking News from Economy

Are sanctions actually hurting Russia's economy? Here's what you need to know

Russia's economy is weathering sanctions over the war in Ukraine, but tough times may be ahead, according to an assessment from experts.

WEKU · Jul 1, 2022

Abu Dhabi to Pump $2.7Bln in Industrial Sector

The UAE capital, Abu Dhabi, launched its Industrial Strategy on Thursday. The government will invest through this strategy AED10 billion ($2.7 billion) across six transformational programs to more than double the size of Abu Dhabi’s manufacturing sector to AED172 billion by 2031 by increasing access to financing, enhancing ease of…

Asharq Al-Awsat · Jul 1, 2022

Asian shares mostly lower after pessimistic 'tankan' survey

Asian benchmarks are lower, echoing a decline on Wall Street, after a quarterly report by Japan’s central bank rekindled worries about the world’s third largest economy

The Independent UK · Jul 1, 2022

City Hall, TAT plan festivals for capital

City Hall is working with the Tourism Authority of Thailand (TAT) to promote tourism in Bangkok and revitalise the economy with a plan afoot to organise a variety of festivals in the capital to attract tourists all year round.

Bangkok Post · Jun 30, 2022

Economists sour on US outlook after spending stumbles

An influx of data showing softer consumer spending, sagging sentiment and subdued manufacturing suggest a U.S. economy with a more fragile foundation, prompting several forecasters to lower their estimates for growth.

Tribune News Service · Jun 30, 2022

Sky-high mortgages, high inflation, possible recession. How The Conversation’s panel sees the year ahead

Now in its fourth year, The Conversation’s survey draws on the expertise of leading forecasters to predict what lies ahead for the Australian economy.

The New Daily · Jun 30, 2022

Air traffic control funding model ravaged by pandemic as industry struggles to recover

Commercial aviation is critical to the global economy. In 2019, it supported more than 65 million jobs and had a global economic impact of US$2.7 trillion. The COVID-19 pandemic has been unlike any crisis, both in terms of depth and duration, and damaged the aviation industry more than most sectors.

The Conversation · Jun 30, 2022

Climate change targets achievable by keeping global emissions to COVID levels, scientists say

Between 2019 and 2020, global CO2 emissions experienced the greatest year-on-year drop in recorded history. Researchers say we have to cut emissions by that much every year to keep climate change within safe boundaries.

ABC News · Jun 30, 2022

Top Russian economist Mau charged in 'large-scale' fraud case

Leading Russian economist Vladimir Mau has been charged with fraud "on an especially large scale", the interior ministry said on Thursday, in a shock to Russia's academic and economic elite.

Reuters · Jun 30, 2022

Business confidence collapsing in Colorado as recession fears mount

Confidence among Colorado business leaders has plunged, with one in five now saying the U.S. economy has already entered a recession and nearly three in five expecting the downturn to arrive sometime next year, according to the latest Leeds Business Confidence Index from the University of Colorado Boulder.

The Denver Post · Jun 30, 2022