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The Latest Breaking News from Economy

Saudi Arabia discloses investment in dozens of VCs

Saudi Arabia has invested in technology and other sectors in a bid to diversify the country’s economy away from oil.

Fortune

Analysis: Russia's military production, state splurge ease sanctions pain

Rising military production and huge state spending are keeping Russia's industry buzzing along, an analysis of recent data shows, helping soften the economic impact of Western sanctions and allowing Moscow to plough on with its campaign in Ukraine.

Reuters

Jamie Dimon feels pretty sunny about the economy

The hurricane has been downgraded.

Axios

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

Songkran spending tipped to jump 17%

Consumer spending could rise 17% to 125 billion baht, a four-year high, during the upcoming Songkran holiday as the economy and tourism gather steam, according to the University of the Thai Chamber of Commerce (UTCC).

Bangkok Post

COVID created an expanded social safety net; activists are now quietly working to bring it back

In March 2020, the economy grinded to a halt as the COVID-19 pandemic forced widespread shutdowns of businesses. As Congress watched the economy collapse, it responded by doing something lawmakers have resisted since the 1960s: a large expansion of the social safety net.

Tribune News Service

‘Relief’ for home owners as RBA pauses rates for first time in 10 meetings

The Reserve Bank has hit the pause button on its record breaking run of interest rates hikes in April, delivering relief to home owners.

The New Daily

RBA hits pause on official interest rate at 3.6% but says further rises may be needed

Cash rate on hold as the Reserve Bank indicates it will monitor state of economy and the outlook before lifting borrowing costs further

The Guardian - AU

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Mortgage reprieve: Reserve Bank hits pause on interest rates as economy slows

Interest rates have been put on hold for the first time in almost a year, delivering a reprieve to mortgage holders amid a slowing economy.

The New Daily

Life sciences firm to create 85 new jobs following Welsh Government funding

Creo Medical plans to build a new research and development (R&D) manufacturing centre on its current site.

Birmingham Post

'E-war room' to help monitor campaigns

The Election Commission (EC) has joined forces with the Ministry of Digital Economy and Society (DES) to set up an "e-war room" to monitor upcoming election campaign activities online.

Bangkok Post

To reconstruct Turkey, rebuild its democracy

The devastating earthquakes that killed more than 50,000 people in Turkey (and at least 7,000 in northern Syria) in February have exposed deep-rooted problems in the run-up to potentially epochal presidential and parliamentary elections on May 14. Turkey, it is now clear, needs more than a change of government; it…

Bangkok Post

Fitch expects growth to be restricted to 3% this year

The Thai economy is set to expand by only 3% this year, well below the Bank of Thailand's forecast of 3.6%, due to rising risks of a deeper slowdown in the global economy stemming from increasing uncertainty and banking stresses in the US and Europe, said Fitch Solutions.

Bangkok Post

Annual motor show bookings surge 35%

Car and motorcycle bookings at the 2023 Bangkok International Motor Show, which ended on Sunday, rose by more than 35% year-on-year to 45,983 units, thanks to an improving economy and electric vehicles (EVs).

Bangkok Post

Oil surges most in a year after OPEC+’s shocking production cut

Oil rallied the most in more than a year after OPEC+ unexpectedly announced output cuts that threaten to tighten the market and deliver a fresh inflationary jolt to the world economy.

Tribune News Service

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Daily Mirror

'Extending free school meals is an investment in the potential of every single child'

Tesco chairman John Allan urged ministers to give free school meals to all children in households receiving Universal Credit to fire up the economy and improve children's life chances

Liverpool Echo

Combined Authority could step in to help threatened Liverpool tourist centre

A review is taking place on the future of the Liverpool ONE-based location

Insider UK

Forbes plans ‘heavy thinking’ on policy while out of Scottish Government

Former finance secretary vows to be 'thoroughly engaged' in debate on nation's economy

Bangkok Post

Govt says police closing in on hacker

Police are closing in on the hacker who threatened to release data stolen in an alleged security breach affecting 55 million Thais, said Digital Economy and Society (DES) Minister Chaiwut Thanakamanusorn.

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Caixin Global

Caixin China New Economy Index Shrinks on Decline in Capital Investment

The gauge that tracks the size of high value-added industries such as biotech dropped 1.2 points to 28.3 in March

Nottingham Post

DWP work crackdown to urge more autistic people into employment

The Government says the initiative will "spread opportunity, close the employment gap and grow the economy"

Asharq Al-Awsat

Reducing Oil Production: A New Pillar to Support Global Economic Conditions

In support of the stability of the global oil markets, and the enhancement of the balance between supply and demand, the member of the Organization of Petroleum Exporting Countries (OPEC) and the producing countries within the OPEC+ have decided to implement a voluntary reduction of crude oil production. Experts described…

Manchester Evening News

Manchester leaders want 'decisive action' over TransPennine Express amid 'deep concern'

TransPennine Express and Avanti West Coast have faced calls for their contracts to be axed due to their performance

The Independent UK

Leaders of Egypt, Saudi Arabia meet after months of tension

The leaders of Egypt and Saudi Arabia have met in the kingdom amid months of tension between the two regional powers

The Times of India

Oil surges 8% after OPEC+ blindsides market with production cut

Oil surged at the week’s open after OPEC+ unexpectedly announced crude output cuts that threaten to tighten the market, delivering a fresh inflationary jolt to the world economy and irking the White House.

The Independent UK

Boost the economy by offering routine NHS surgery at the weekend – report

Analysists have said that helping people return to work or increase their hours could boost the economy by billions.

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Chaiwut Thanakamanusorn

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