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The Latest Breaking News from Economy

Just as the architects of our current economic system designed the system around perpetual growth, we can redesign the economy around delivering wellbeing to all, within planetary limits, writes Dr Catherine Knight

Newsroom.co.nz

Climate-unsavvy biz owners stranded alongside assets

Experts warn transition to a low-carbon economy is do or die.

Newsroom.co.nz

Most family businesses don’t look like ‘Succession.’ Here’s what America’s enterprising families bring to the table

Family-owned businesses represent 54% of U.S. GDP and 59% of employment.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Tories have 'murdered' manufacturing says union leader amid fury at missing plan

MPs and unions today blasted the lack of an industrial strategy from the Government as fears grow about the impact on a series of firms and the wider economy

Daily Mirror

Nigeria swears in a new president facing profound economic and security pressures

Bola Tinibu takes over as president of Africa's largest economy at a time when the country is facing unprecedented economic and security challenges.

WEKU

After Turkey election win, what problems does Erdogan face next?

Economic concerns and relations with the West lie at the top of Erdogan’s agenda after presidential election victory.

Al Jazeera

Accra's market fires are devastating to informal traders - but they don't trust or understand what they're being told about managing risk

Ghana’s informal urban markets play a key role in the country’s economy. They employ more than 80% of the people who work in the informal sector. They create livelihoods for traders, give urban residents access to essential household products, and add value to the culture of urban life.

The Conversation

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Rail union and climate campaigners issue joint call for public transport inquiry

The rail union joined environmental activists in writing to a committee demanding a 'full comprehensive inquiry' into rail services in Scotland.

The National (Scotland)

‘Squandered goodwill’: How Buhari failed Nigeria a second time

From the economy to security, Buhari’s legacy will be one of missteps and misdeeds as he hands over power, analysts say.

Al Jazeera

Nigeria's new President Tinubu promises economic reboot

Nigeria's new President Bola Tinubu vowed at his swearing-in on Monday to expand the economy by at least 6% a year, lift barriers to investment, create jobs and unify the exchange rate, while also tackling rampant insecurity.

Reuters

Closing gender pay gap will boost growth, Labour says

Opposition says economy needs to ‘work for working women’ if they are to return to employment

The Independent UK

Thai economy resilient, on path to full recovery: Arkhom

Thailand's economy is on a solid path to recovery and showing resiliency, helped by good revenue collection and a normalisation of its tourism sector, while inflation should come in below 3% this year, the finance minister said on Monday.

Bangkok Post

A tall order for the new government

An online entrepreneur using the alias Maddy was among the record turnout of almost 39 million Thais who cast a ballot in the general election earlier this month.

Bangkok Post

Rethink MFP wage plan

The Move Forward Party (MFP) policy to immediately increase the daily minimum wage to 450 baht and adjust it annually to keep up with inflation is generating widespread debate. While the intention to support unskilled workers may be noble, it is crucial to acknowledge the potential impacts on businesses and…

Bangkok Post

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Barchart

Job Openings, Chicago PMI and Other Key Things to Watch This Week

The general market ended the week basically flat with the S&P 500 ($SPX) (SPY) being up 0.33% on the week. That does not tell the full story of the week though, there was some excitement and letdown in US politics that moved the market a bit after hours and then…

The Guardian - UK

Sure Start director says childcare reform is for UK economy not children

Naomi Eisenstadt, first programme lead, says there is lack of attention on what childcare is actually for

Radio France Internationale

France in 'close discussions' with agency over debt rating

France is in "very close talks" with debt rating agency Standard and Poor's, Prime Minister Elisabeth Borne said Sunday, after a downgrade from rival Fitch reignited government finance concerns in the EU's second-largest economy.

The Guardian - UK

Terrible week for Sunak and Hunt puts election victory all but out of reach

Praise from the IMF and optimism on inflation have given way to echoes of last autumn’s turmoil

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Reuters

Nigeria's Buhari defends election outcome, economic record

Nigeria's President Muhammadu Buhari on Sunday defended his record on the economy and the outcome of a disputed presidential election, saying he was leaving a legacy of credible and fair votes, a day before he hands over power to his successor.

The Guardian - UK

The Observer view on Britain’s economy: it is very sick, but there are remedies

Austerity, Brexit and catastrophic fiscal decisions have inflicted long-term damage to Britain’s productive capacity. Labour is offering the renewal it so badly needs

Al Jazeera

Biden, McCarthy reach tentative deal to raise US debt ceiling

Deal raises debt limit for two years while capping spending, but uncertainty remains on whether it can pass Congress.

Reuters

Biden, McCarthy reach tentative US debt ceiling deal

U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal to suspend the federal government's $31.4 trillion debt ceiling on Saturday evening, ending a months-long stalemate.

The New Daily

Tentative deal struck to raise US debt limit and avert default crisis

Biden and top Republican Kevin McCarthy have reached a tentative deal to raise the federal government's $US31.4 trillion debt ceiling

The Canberra Times

'Could not deal with all the clothes': Canberrans' penchant for purchasing examined

Circular economy strategy to look at textile solutions.

Reuters

Pacific islands, in spotlight, to push climate change in South Korea summit

Pacific island leaders will meet South Korea's President Yoon Suk Yeol in Seoul on Monday, their third summit in a week with a large economy as the region seeks stronger action on climate change as it becomes a focus of geopolitical power attention.

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