The Latest Breaking News from Economy

Federal election: Labor rubbishes Morrison's claims of a 'sneaky carbon tax' as scare campaign

Scott Morrison has said Labor's net zero plan is an attempt to revive the carbon tax. In response, Labor campaign spokesman Jason Clare said this was a sign the Liberal Party was getting desperate.

ABC News · Apr 26, 2022

Tisco sounds recession alarm on Fed interest rate hikes

The Federal Reserve could raise interest rates to 3.5% by the middle of next year to curb spiralling inflation, tipping the world economy into a recession, according to the Economic Strategy Unit of Tisco Financial Group (Tisco ESU).

Bangkok Post · Apr 26, 2022

Low-Income Consumers Growing Increasingly Optimistic, But Sentiment Among The Wealthy Tumbles

U.S. economic growth is strong, and the economy and labor market are finally back to firing on all cylinders following the COVID-19 pandemic.

Benzinga · Apr 26, 2022

‘I lost everything’: Somaliland market fire upturns life, economy

Residents and traders say the market in Hargeisa was an entire financial district and pivotal to Somaliland’s economy.

Al Jazeera · Apr 26, 2022

Biden Administration Reverses Trump's Effort To Open More Land For Oil Drilling In Arctic: CNBC

The Biden administration reversed a Trump administration plan that allowed the government to lease more than two-thirds of the country’s largest swath of public land to oil and gas drilling, writes CNBC. The Bureau of Land Management’s decision will shrink the amount of land available for lease in the National Petroleum Reserve in…

Benzinga · Apr 26, 2022

Lincoln Education is Our Featured Stock of the Week

The tight labor market is making it clear that we are facing a severe shortage of workers in key industries. Today's featured stock of the week, Lincoln Education (LINC) offers vocational training that can help the economy train workers for these new roles.

StockNews.com · Apr 26, 2022

Prof Sam McConkey says Ireland has done 'exceptionally well' with Covid despite death toll rising above 7,000

Prof McConkey also said that Ireland's economy also managed to withstand the pandemic better than other countries

Irish Mirror · Apr 26, 2022

Thailand Roadshow to Japan Reinforces Commitment to Partnership and Future Investments in EV, BCG and Electronics

Mr. Supattanapong Punmeechaow, Thailand’s Deputy Prime Minister, said that the investment promotion roadshow he recently led to Japan has reinforced a joint commitment to deepen bilateral cooperation and develop a co-creation partnership to lead future investments in electric vehicles (EV), smart electronics and green technologies in particular, that will drive…

Bangkok Post · Apr 26, 2022

Expo 2020 Dubai Awards $1.8 Bln in Contracts to SMEs

Expo 2020 Dubai awarded AED 6.8 billion (around $1.8 billion) of contracts to small and medium-sized enterprises (SMEs), providing a significant contribution to a vital sector of Dubai’s vibrant economy and exceeding a commitment made in 2016 to award at least 20% of all direct and indirect spend to SMEs.…

Asharq Al-Awsat · Apr 26, 2022

Individual Investors Doubled in Saudi Financial Markets

Recent official data revealed that over 4.7 million subscribers per capita are active in the proposals of financial markets in Saudi Arabia, according to the 2021 annual report of the Saudi Capital Market Authority (CMA). The annual report stated that the number of individual investors in IPOs jumped 4.7 times,…

Asharq Al-Awsat · Apr 26, 2022