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The Latest Breaking News from Economy

Wales is not getting one but two freeports

They promise to create 20,000 new jobs by 2030 mainly in the renewable energy sector

Birmingham Post

Two areas of Wales named as freeports with tax breaks to create jobs

The UK and Welsh governments said the two freeports have the potential to create 20,000 jobs by 2030

Wales Online

World faces prospect of financial tumult

Today, I was supposed to present the third article, Managing Household Debt, in the series "Changing Thailand". In fact, I have finished drafting a payment reduction model which could reduce monthly debt payments by 4.6 times without the hair-cutting debt principal or requiring government financial support. But I will delay…

Bangkok Post

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FTI: Emphasise climate-linked areas

Despite the country's dependence on tourism to boost its revenue, Thailand needs to further drive its economy through electric vehicles (EVs) and bio-, circular and green (BCG) economic development amid a rapidly changing world, says the Federation of Thai Industries (FTI).

Bangkok Post

Colombia's Ecopetrol criticizes new attacks on oil pipeline

Colombia's majority state-owned oil company Ecopetrol on Wednesday criticized new attacks against an oil pipeline run by its subsidiary Cenit, saying the attacks harm the country's population and the economy.

Reuters

3 Best Stocks to Buy Now for Long-Term Investors

Recent turmoil in the financial sector, renewed recession worries, and the Fed’s continued rate hikes paint an unfavorable picture for the stock market and economy. Amid this, long-term investors could opt for fundamentally sound stocks AstraZeneca (AZN), Cisco Systems (CSCO), and Ambev (ABEV) to withstand ongoing macroeconomic headwinds. Read more….

StockNews.com

'Insulting bile': Tory MSP slammed for dismissing wellbeing economy as 'meaningless'

A SCOTTISH Conservative MSP has been strongly criticised for dismissing the idea of a wellbeing economy in Scotland as “almost totally…

The National (Scotland)

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Fed raises interest rates, despite bank failures

The central bank acknowledged the crisis will likely weigh on economy

Axios

Erdogan tries to salvage economic credibility before Turkey's election

Former Turkish economy tsar Mehmet Simsek's refusal to return to politics has left President Tayyip Erdogan's ruling party scrambling to rebuild its economic credibility less than two months before landmark elections, insiders and analysts say.

Reuters

Figures suggest Space Park Leicester had an £89m impact on economy in its first year

It is part of a new Space City Leicester cluster - one of the biggest enterprise zones for space-related activities in the UK

Birmingham Post

The bleak economic stats showing how the value of your wages has plummeted

The gulf between typical household incomes in Germany and the UK is staggering, and there are reasons for that

Wales Online

UK inflation rise complicates Bank of England’s interest rate decision

Surprise increase makes hike more likely, but economy is perilously close to recession

The Guardian - UK

What's at stake in Turkey's upcoming elections?

President Tayyip Erdogan faces the biggest test of his 20-year rule in May elections that will decide not only who leads Turkey but how it is governed, where its economy is headed and what role it may play to ease conflict in Ukraine and the Middle East.

Reuters

Khamenei Blames Protests on West, Refuses Changing Constitution

Iranian Supreme Leader Ali Khamenei on Tuesday blamed the US and its European allies for stoking popular protests that rocked Iran for months. In his Nowruz New Year message to the nation, Khamenei shut down calls for change at home, stressing that the economy is the most important issue facing…

Asharq Al-Awsat

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The Guardian - UK

Switzerland’s national pride dealt heavy blow by the merger of its banking titans

‘A monster is born’, say local press, as Credit Suisse takeover by UBS creates bank twice the size of the Swiss economy

The Independent UK

Fed facing a blurrier outlook as it meets to weigh rate hike

The Federal Reserve is grappling with a hazier economic picture clouded by turmoil in the banking industry and still-high inflation just as it meets to decide whether to keep raising interest rates or declare a pause

The Independent UK

States cranking out even more tax cuts amid cash surpluses

The tax-cutting trend is going full force in states even as some are raising concerns about a slowing economy

Bangkok Post

Firms unfazed by US woes

The collapse of US banks is expected to have only a minor impact on Thai companies and the overall Thai economy, according to the latest business survey by the University of the Thai Chamber of Commerce (UTCC).

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news in one place.

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ABC News

The SVB collapse 'contagion effect' will make it harder for startups, and more banks may fall

The SVB collapse didn't just leave the banking sector in disarray; technology startups are bracing for a harder time, and there are fears the global economy is at risk of recession.

Fortune

'Already past the point of no return': JPMorgan says the U.S. is probably headed for a recession as economic 'engines are about to turn off'

The economy could be nearing a "Minsky moment" and a long overdue economic downturn.

Foreign Policy

Politics Are Holding Pakistan’s Economy Hostage

Drama around former Prime Minister Imran Khan leaves Pakistan’s finances in the lurch.

The Guardian - UK

Just Eat plans to oust 1,700 couriers in the UK

Takeaway delivery firm shifting back to gig economy model and ditching guaranteed sick and holiday pay

The National (Scotland)

What is a wellbeing economy and what does it mean for Scotland?

ON Wednesday MSPs are set to hold a debate on Scotland’s transition to a wellbeing economy.

The National (Scotland)

Tory claiming 'secrecy' around DRS firm could 'find answers on Google', says Slater

The circular economy minister faced questions after it emerged the chief executive of Circularity Scotland was on a £300,000 salary.

Ballotpedia

Biden vetoes Congressional Review Act resolution that aimed to block ESG retirement plan rule

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

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