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The Latest Breaking News from Economy

Co-chair appointed for government group to work with private sector

The group will meet for the first time this week, aiming to ease the transition to a wellbeing economy

Insider UK

Isle of Man to grow cannabis business to diversify economy

British crown dependency hopes to license as many as 10 medicinal cannabis firms by end of 2025

The Guardian - UK

Petrol and diesel retailers pump up profit margins; Europe approves Microsoft’s $69bn Activision Deal – as it happened

Fuel margins have increased across the retail market, but in particular for supermarkets, over the past four years, says competition watchdog

The Guardian - UK

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Macron vows to build back factories, boost France's economy shaken by pension protests

French President Emmanuel Macron has ambitions to build factories to boost job creation and make his country's economy more independent

The Independent UK

Q1 GDP grows 2.7% y/y, beats expectations

Thailand's economy expanded 2.7% in the first quarter from a year earlier, official data showed on Monday, faster than expectations, as private consumption and tourism rebounded.

Bangkok Post

Uptick in job creation helps fuel 'renewed vigour' North West's economy

NatWest has published its latest UK Regional PMI survey

Birmingham Post

Braverman: Cut immigration or Britons will forget how to work

UK needs to train its own people to work as HGV drivers, fruit pickers and butchers, home secretary says

The Independent UK

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Hair’s breadth race in high-stakes Turkey election could end in runoff

Counting is underway in Turkey's election which will also decide how it is governed and where its in-crisis economy is headed.

The New Daily

Labour leader Keir Starmer demands a general election NOW to end 13 years of Tory hell

In an interview with the Mirror, Keir Starmer warned that struggling families cannot afford another day of this Tory government as he urged Rishi Sunak to hold an election

Daily Mirror

Turkey’s presidential election heading for run-off as Erdogan gains upper hand

Opposition seeks to end Recep Tayyip Erdogan’s two decades in power

The Independent UK

Manufacturing boom for towns, countryside and coast 'could pump £70bn into economy'

A study by the Centre for Progressive Policy think tank has calculated the potential impact of reviving heavy industry across swathes of Britain

Daily Mirror

The UK has a PR plan masquerading as an industrial strategy

Britain says it has no need for Biden-style green subsidies as it has a thriving renewables sector. The complacency is staggering

The Guardian - UK

Six lions killed in Kenya in blow to conservation efforts

Six lions have been killed in a national park in southern Kenya, in a blow to conservation efforts and the tourism industry that is a key pillar of the nation's economy.

Reuters

Bank of England interest rate rise could be the last for a while

The UK’s new 4.5% base rate may seem high, but it’s actually quite low compared to the 1980s and 1990s

Wales Online

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ABC News

Fur seal population divides Narooma over impact on tourism, fishing and economy

There's debate about whether a colony of fur seals in Narooma on the New South Wales far south coast helps or hinders the local economy.

The Guardian - AU

How to fly economy class but feel like you’re in business

After Air New Zealand revealed new economy-class sleep pods, we look at other ways to make a long journey in the cheaper seats a bit more bearable

The National (Scotland)

How Ireland's resurgence reveals potential for an independent Scotland

IT’S a country where record tax revenues are being stashed for future generations, the population has reached the highest level in nearly two…

Reuters

Head of Russia's crime agency suggests nationalising key parts of economy

The head of Russia's federal crime agency on Saturday suggested that key sectors of the economy should be returned to state ownership to support Moscow's war in Ukraine.

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Axios

U.S. inflation is hard to whip. Here's why.

For the first time in decades, the long-term forces shaping the world economy look inflationary.

Dynamite News

J-K LG Manoj Sinha chairs high-level meeting on booting investment into UT

Jammu and Kashmir Lieutenant Governor Manoj Sinha on Saturday chaired a high-level meeting to discuss strategies to attract more investments into UT and proactively resolve all the issues with great synergies and to enhance ease of doing business to boost the economy. Read further on Dynamite News:

Fortune

The debt limit fight is a 'game of chicken' that only has one loser: The U.S. economy

There could be serious economic damage in the U.S. and elsewhere if the debt ceiling fight nears the default deadline.

The Independent UK

Japan's Kishida says G7 facing historic moment as finance leaders wrap up talks on global economy

Japanese Prime Minister Fumio Kishida says the world is facing a “historic turning point” as the country prepares to host the annual summit of the Group of Seven advanced economies next week in Hiroshima

The Guardian - UK

Soaring interest rates to cost UK mortgage holders £12bn in extra payments

Impact of Bank of England’s decision to hike rates to 4.5% will be felt mostly by young families, thinktank says

Ballotpedia

Oklahoma treasurer announces 13 financial institutions can’t do business with the state over ESG policies

Oklahoma State Treasurer Todd Russ (R) on May 3 issued a list of 13 financial institutions that are ineligible to do business with the state under a 2022 law because, according to Russ’s office, they engage in energy boycotts that, in its opinion, hurt the state’s economy. The listed institutions…

Bangkok Post

TAT makes move into the metaverse

The Tourism Authority of Thailand (TAT) plans to open its first virtual office in the Bitkub Metaverse in the third quarter of this year, in a bid to attract millennials and foreign tourists to bolster Thailand's digital economy.

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