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The Latest Breaking News from Economy

Dorset firm C3IA Solutions takes part in government cyber security scheme

It comes as a study for the Cabinet Office estimated that the cost of cyber crime to the UK economy stood at £27bn per year

Birmingham Post

Inflation rate to halve, bringing wage growth by 2024, federal budget predicts – with hope of mortgage relief

Australia’s economy remains resilient as global growth slows to its worst performance in more than two decades

The Guardian - AU

Disney v DeSantis: what’s at stake for Florida as legal tug-of-war ramps up?

Eventual outcome will have profound implications for Sunshine state overall and the regional economy in particular

The Guardian - US

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Most Scots see North Sea energy industry 'as a benefit to economy'

Poll comes as the consultation on the Scottish Government’s Energy Strategy and Just Transition ends

Insider UK

Stock market today: Asia shares trade mixed ahead of reports

Asian shares are trading mixed as investors take a wait-and-see view on the week ahead that’s full of reports on some of the market’s biggest worries, including stubbornly high inflation across the economy

The Independent UK

Excessive Housing Speculation Is Weakening Taiwan’s Economy and Society

Housing speculation creates instability and inequality. Given the growing national security threats from China, policymakers’ refusal to confront the problem puts Taiwan in a highly precarious situation.

The News Lens

China consultancy crackdown sends jitters across foreign business

Overseas business lobbies in China said on Tuesday they were unnerved by a sweeping crackdown on consultancy and due diligence firms that is damaging investor confidence in the world's second-largest economy.

Reuters

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NT government's 2023 budget sees record $2.1 billion infrastructure spend

The Northern Territory budget sees a significant boost for roads and the prison system as the budget bottom line slips into a deficit.

ABC News

Americans care about the environment, will vote to protect it. They care about jobs more

President Joe Biden must show people that a cleaner economy tomorrow brings jobs they want today, Ben Jealous writes.

Chicago Sun-Times

UK shoppers cut spending amid pressure on Bank of England over inflation

Sluggish retail sales and credit card spending figures add to fears for British economy

The Guardian - UK

Recovery unabated amid uncertainty

Asia and the Pacific remains a dynamic region despite the challenging year for the world economy.

Bangkok Post

In Turkey, an election reckoning for the rise and fall of Erdogan's economy

If Turks oust President Tayyip Erdogan in elections this month it will largely be because of an economic reversal that saw their prosperity, equality and ability to meet basic needs start to tumble midway through his two-decade reign.

Reuters

China’s war chest: how Beijing is using its currency to insulate against future sanctions

In the wake of sanctions on Russia, China has pushed to conduct more trade using the yuan in an effort to reduce its reliance on the dollar

The Guardian - UK

The critical first 100 days

Business leaders have begun to think about the outlook for Thailand in the first 100 days under a new administration, with the poll less than a week away.

Bangkok Post

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Newsroom.co.nz

Budget plea to Grant Robertson to return NZ economy's focus to wellbeing

Wellbeing Economy Alliance co-founder Katherine Trebeck is to meet with finance minister before the Budget – and says her message won't be diplomatic. Jonathan Milne reports.

The Hindu

Finance Minister Nirmala Sitharaman to review state of economy at FSDC meeting on May 8

Finance minister Nirmala Sitharaman will review the state of the economy amid global and domestic challenges at a meeting of the Financial Stability and Development Council (FSDC) on May 8.

Kiplinger

Canada’s Economic Slowdown Could Be Good for the U.S.: Kiplinger's Economic Forecasts

The Guardian - UK

Can Joe Biden escape the fallout from the US banking crisis?

If president is not worried about re-election prospects after one of biggest economic bubbles of past 100 years, he should be

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The Guardian - UK

Go forth and socialise: why meeting up with friends is good for the economy

Being alone can be bliss or hell, and different kinds of solitude matter

Kiplinger

What Is Wealth? Shifting Values Change What It Means to Many

We consider ourselves ‘wealthy’ when we have an abundance of what we value, but what many of us value is changing with the times.

Zenger

The Upcoming Presidential Election Poised For A 2020 Rematch As Biden Announces Re-Election Bid

Approval ratings for Biden remain low with questions on the economy and the possibility that the US could default on its debt.

The New Daily

Budget and data to shed light on economy

New Treasury growth forecasts, to be included in the federal budget, and other data due this week are likely to shed light on the economy

The Independent UK

Biden hopes strong job market means soft landing for economy

For President Joe Biden, the past few days have raised hopes that the U.S. economy can stick a soft landing—possibly avoiding a recession as the 2024 election nears

Bangkok Post

Apple iPhone sales bolster Q1 results

Apple Inc's results beat expectations on Thursday, showing off the tech giant's resilience in a slowing global economy thanks to better-than-expected iPhone sales and notable inroads in India and other newer markets.

Bangkok Post

'New Welfarism' becoming India's soothing balm

During the height of the Covid-19 pandemic, many Indian economists and commentators believed the economy would skyrocket as soon as life returned to normal. But, despite the country's robust recovery in the two years since the pandemic's peak, the predicted boom has not materialised, nor does it seem imminent.

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