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The Latest Breaking News from Economy

'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.

Bangkok Post

Short-term strategy recommended

We expect the SET Index to be volatile in May given the upcoming general election, earnings reporting season and market reaction to the Federal Reserve meeting.

Bangkok Post

American worker productivity is declining at the fastest rate in 75 years—and it could see CEOs go to war against WFH

EY-Parthenon's Gregory Daco reveals what's going on with the American worker's worst slump of the post-World War II era. It's not all about remote work, he says.

Fortune

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read the most diverse news in one place.

Harvard economist says more interest rate hikes could be coming after a strong jobs report

Yet another strong jobs report is pushing some economists to say the economy could weather more Fed interest rate hikes.

Fortune

April Jobs Report Tops Expectations: What the Experts Are Saying

The jobs report revealed stronger-than-expected payrolls growth and a drop in the unemployment rate.

Kiplinger

Unreal Editor for Fortnite is a gateway to a new creator economy

Why Unreal Editor for Fortnite, and Unreal Engine 5, are now a creative playground that could pay out for artists.

Creative Bloq

Parents spark debate for flying first class while children and nanny sit in economy

‘I fail to see what lesson this will teach them,’ one critic says of plane seating arrangements

The Independent UK

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WHO declares end to COVID global health emergency

The World Health Organization ended the global emergency status for COVID-19 on Friday more than three years after its original declaration, and said countries should now manage the virus that killed more than 6.9 million people along with other infectious diseases.

Reuters

Review: Poker Face Puts a Modern Spin on Old-School Detective Shows

Knives Out director Rian Johnson offers a twisted vision of the American economy as one populated by makers and moochers.

Reason

Australia finally has a Net Zero Authority - here's what should top its agenda

The Albanese government has announced a Net Zero Authority to reduce national emissions and help industry, communities and workers manage the shift to a low-carbon economy.

The Conversation

US economy beats forecasts with 253,000 new jobs in April, as jobless rate falls to 3.4% – as it happened

Latest US jobs report beats forecasts, although February and March’s data has been revised down

The Guardian - UK

Inflation will decline faster than previously forecast as Australian economy slows, RBA says

The Reserve Bank’s quarterly statement on monetary policy predicts that the underlying inflation rate will end the year at 4%

The Guardian - AU

RBA's rate hikes creating inflation, Ross Garnaut says, calling for radical overhaul of economic policy

Pointing to big changes that have greatly affected Australia's capacity to deliver rising standards of living, top economist Ross Garnaut calls for a major policy overhaul.

ABC News

Private sector highlights six-pronged strategy

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) wants political parties competing in the general election to pay heed to its six-pronged strategy it believes should play a vital role in driving the economy over the next four years.

Bangkok Post

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Bangkok Post

How to finance the needs of the common good

The Internationa Monetary Fund (IMPF) and the World Bank recently held their annual spring meetings, which, according to the organisers, produced a "strong message of confidence and a willingness to cooperate". But lofty rhetoric and good intentions will not be enough to create a truly inclusive and sustainable economy fit…

Bangkok Post

Depa unveils drone project for farmers

The Digital Economy Promotion Agency (Depa) plans to launch Thailand's first project offering large drones to communities and training them in drone maintenance in an effort to push smart farming development.

Reuters

Top US spy says Chinese invasion halting Taiwan chip production would be 'enormous' global economic blow

A Chinese invasion of Taiwan could potentially halt production by the world's largest advanced semiconductor chip maker, wiping out up to $1 trillion per year from the global economy per year in the first few years, the top U.S. intelligence official said on Thursday.

The Independent UK

Real estate agent sparks debate after revealing he and wife sit in first class while children are in economy

‘I fail to see what lesson this will teach them,’ one critic says of plane seating arrangements

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The Week

The ‘diplomat monarch’: will King’s coronation revitalise British soft power?

The coronation is an event of huge significance for Britain’s history and economy, but also raises questions about whether the new monarch will bolster the nation’s soft power on the global stage.

Daily Mirror

Airline to launch economy bunk beds passengers can book if they want to sleep

Air New Zealand is introducing bunk beds for economy passengers on long haul flights called Skynest, a design that has been named a finalist the 2023 Crystal Cabin Awards

The Conversation

Nigeria's fuel subsidy: it's time to kill it and spend the money in ways that benefit the poor

Nigerians are being hit from all sides by a combination of factors that are making their lives increasingly difficult. These include rising cost of living which is reflected in double-digit inflation, stagnant wages, non-payment or the late payment of salaries, a cash crunch and fuel scarcity.

Asharq Al-Awsat

Sudan Conflict Deals New Blow to Stagnant Economy

The conflict shaking Sudan has dealt a crippling blow to the heart of the country's economy in the capital Khartoum, as well as disrupting internal trade routes, threatening imports and triggering a cash crunch. Across swathes of the capital factories, banks, shops and markets have been looted or damaged, power…

Asharq Al-Awsat

IMF: Gov. Strategy Helped the Saudi Economy

The International Monetary Fund (IMF) confirmed that government-led reforms and private investment growth in new sectors would help support non-oil economic growth in Saudi Arabia to be less dependent on oil. The Saudi economy grew 8.7 percent last year, while the real GDP during the fourth quarter of 2022 increased…

The Guardian - UK

From Elizabeth II to Charles III: how the UK economy has changed

From rationing to taxes, house prices to health – the differences and similarities between the Britains of 1953 and 2023

WEKU

The U.S. has more banks than anywhere on Earth. That shapes the economy in many ways

The U.S. has more than 4,500 banks — more banks than any other country. That huge number of lenders has shaped the economy in countless ways, but it also can pose risks.

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