The Latest Breaking News from Economy

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 · May 24, 2022

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 · May 24, 2022

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 · May 24, 2022

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 · May 24, 2022

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 · May 24, 2022

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…

Asharq Al-Awsat · May 24, 2022

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…

France 24 · May 24, 2022

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.

Al Jazeera · May 24, 2022

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.

Evening Standard · May 24, 2022

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

The Independent UK · May 24, 2022