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The Latest Breaking News from Economy

G-7 to back Ukraine indefinitely, seeks stability with China

The Group of Seven nations vowed to support Ukraine for “as long as it takes” in its fight against Russian forces, while also calling for greater engagement with China to stabilize relations with the world’s second-biggest economy.

The Times of India

China’s economy rebounds faster than expected after Covid reopening

First quarter growth rate was higher than forecast by analysts as the country’s retail sector performed better than expected

The Guardian - AU

China’s economy grows 4.5 percent, beating expectations

Latest economic data suggest world’s second-largest economy is firmly on recovery path after end of pandemic curbs.

Al Jazeera

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PMUC unveils research output

The Programme Management Unit for Competitiveness (PMUC), a research funding unit, plans to showcase research work that supports the Thai economy and the country’s competitiveness at a two-day event later this month to mark four years of funding worth 7 billion baht.

Bangkok Post

World’s largest population: Will India gain or lose?

India has the world’s largest workforce. But without enough good jobs, that unmatched advantage could be a nightmare.

Al Jazeera

China's GDP growth rises to 4.5% amid consumption boost

China’s economy grew 4.5% in the first quarter of the year, boosted by increased consumption and retail sales, after authorities abruptly abandoned the stringent “zero-COVID” strategy

The Independent UK

Palang Pracharath touts culture, Bhumjaithai eyes volunteers

The ruling Palang Pracharath Party (PPRP) has pledged to intensify the promotion of soft power as another key driver of the economy if the party wins the general election, set to take place on May 14 this year.

Bangkok Post

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Chartpattanakla touts 'Korat-nomics' policy

The Chartpattanakla Party on Monday proposed an economic development policy to stimulate the economy and bring growth to Nakhon Ratchasima and the northeastern region.

Bangkok Post

The price of populism

After the Songkran celebrations peter out, Thais must contemplate the general election on May 14 and decide whether political parties' campaign pledges will really create a healthier economy.

Bangkok Post

Writers Guild members grant strike authorization by record margin as contract deadline nears

LOS ANGELES — Leaders of the Writers Guild of America secured a strong showing of support from its members on Monday, moving the union closer to a possible work stoppage that would disrupt Hollywood production and ripple across Southern California’s economy.

Los Angeles Times

Janet Yellen says the U.S. can avoid recession—and thanks the bank crisis

Last month's bank crisis could be a "substitute" for further interest rate hikes by the Fed that might trigger a recession.

Fortune

Merkel decorated with highest German honour amid reflection on tenure

Germany's former chancellor Angela Merkel was awarded the country's highest possible honour on Monday amid reflection on her 16-year tenure at the helm of Europe's biggest economy.

Reuters

Lagarde: US-China split may weaken growth and fuel inflation

The fragmentation of the world economy into rival blocs led by the United States and China threatens to destabilize global commerce, increase inflation and weaken growth, Christine Lagarde, the president of the European Central Bank, warned Monday

The Independent UK

Union chief in 'wellbeing economy catchphrase' warning to Scottish Government

THE Scottish Government’s commitment to building a “wellbeing economy” risks becoming a mere “catchphrase” if it fails to take concrete…

The National (Scotland)

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The Guardian - AU

Australians face 50% hike in air fares to fly to Europe this year, data suggests

Thirst for ‘revenge’ travel after the Covid pandemic is driving return prices to almost $3,000 to some European cities, booking site says

Birmingham Post

VisitEngland to reshape tourism in the South West through new partnership

VisitWest hopes to deliver stronger leadership and strategies for the region in order to boost tourism economy

StockNews.com

3 of the Worst Stocks on Wall Street Right Now

The growing concerns about a potential recession, ongoing debt ceiling standoff, and predictions of prolonged high-interest rates might weigh on the US economy and stock market. Hence, it might be best to avoid fundamentally weak stocks CRISPR Therapeutics (CRSP), First Majestic Silver (AG), and McEwen Mining (MUX). Keep reading.

ABC News

Did the Reserve Bank's interest rate hikes put Australia's economy on a 'knife-edge'? A major consulting firm thinks so

A major consulting firm forecasts a "consumer recession" in 2023, warning hundreds of thousands of Australian households are bleeding cash every month.

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Birmingham Post

Orders picking up across the East Midlands according to company bosses as economy shows signs of strengthening

Survey finds levels of optimism across the region at its highest in over a year

Caixin Global

Editorial: Don’t Blame China’s Jobless Youth Problem on the Surge in New Graduates

The source of the issue lies with the supply of jobs, which needs to be addressed by improving the economy, particularly the private sector

The National (Scotland)

Rishi Sunak blames UK economy woes on ‘anti-maths mindset’

The UK must end its “anti-maths mindset” to help grow the economy, Rishi Sunak said on Monday...

Tribune News Service

Haunted by insurrection, Lula is in a hurry to change Brazil

Late on the afternoon of Jan. 8, Luiz Inacio Lula da Silva stared out at Brazil’s ravaged capital from a third-floor balcony of the presidential palace and reflected on how his presidency had been upended.

The Independent UK

I gave Tories £100,000 says hotel boss, but it’d be a waste to give them any more

Sir Rocco Forte said there is no point giving any more money, as he accused the party of failing to grow the economy

The Guardian - UK

THG receives buyout proposal from private equity, FTSE 100 posts best run since December 2020 – as it happened

Rolling coverage of the latest economic and financial news, as UK’s blue-chip index heads for seventh day of gains in a row

Asharq Al-Awsat

Crown Prince Mohammed bin Salman Led ‘Difficult Missions’

In mid-January, the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, said that Saudi Arabia had become a bright spot for the world and regional economies. Speaking at a session at the World Economic Forum (Davos), Georgieva explained that when she visited Saudi Arabia, she was incredibly impressed…

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