The Latest Breaking News from Economy

Chadchart plans new walking streets in Bangkok

Bangkok is expected to see new walking streets to help stimulate the economy and improve people's livelihoods, says city governor Chadchart Sittipunt.

Bangkok Post · Jun 16, 2022

Sensex, Nifty drag to 52-week lows: 10 factors behind stock market fall

NEW DELHI: Equity indices slumped to fresh 52-week lows on Thursday as markets extended their losing streak to fifth straight session.

The Times of India · Jun 16, 2022

Is the US heading for a recession? Here’s what you need to know

Many signs point in that direction. We have answers to questions that might be on your mind

The Guardian - US · Jun 16, 2022

Russian economy 'won't be as it was,' central banker says

The head of the Russian Central Bank is warning that the country’s economy faces pressure from abroad that could persist indefinitely, dampening hopes that conditions could return to the way they were before Russia sent troops into Ukraine

The Independent UK · Jun 16, 2022

Spotify Slows Down On Hiring Amid Macro Uncertainties

Spotify Technology S.A. (NYSE:SPOT) slowed hiring by 25%, CNBC reports based on a companywide email from CEO Daniel Ek. However, he added the company would “continue to still hire and grow, we are just going to slow that pace and be a bit more prudent with the absolute level of new hires over…

Benzinga · Jun 16, 2022

£15m funding bid for maritime research hub at Devon's Appledore docks

Organisations behind the bid say the proposed innovation centre could put the region 'at the core' of the industry's net zero developments and boost the local economy

Birmingham Post · Jun 16, 2022

Saudi Arabia Advances 8 Positions in Global Competitiveness Index

The Kingdom of Saudi Arabia is continuing its upward ascent in the global competitiveness rankings in the World Competitiveness Yearbook 2022, published by Switzerland-based International Institute for Management Development (IMD). According to the Yearbook, Saudi Arabia is ranked as the 24th most competitive economy among the 63 countries covered by…

Asharq Al-Awsat · Jun 16, 2022

The ASX opened strong after the US interest rate rise buoyed Wall Street. But it hasn't cancelled out Tuesday's losses

It's been a dramatic few days on the Australian stock market, with steep losses followed by a brief rise on Thursday morning. But there are still more twists and turns to come.

ABC News · Jun 16, 2022

GCC, Gulf Chambers Discuss Activating Role of Private Sector in Gulf Economy

The Gulf Cooperation Council (GCC) and the Federation of Gulf Chambers discussed Wednesday the challenges of the private sector and activating the role of the economy at the 58th meeting held in Muscat. GCC Secretary-General Nayef al-Hajraf stressed the importance of the role of the Gulf private sector in achieving…

Asharq Al-Awsat · Jun 16, 2022

Who are the winners and losers of the Fed hiking interest rates?

The Federal Reserve announced Wednesday it will increase its benchmark interest rate by 0.75%, the largest increase in decades. But what does that actually mean for everyday Americans?

WEKU · Jun 16, 2022