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The Latest Breaking News from Economy

US revises down last quarter's economic growth to 2.7% rate

The U.S. economy expanded at a 2.7% annual rate from October through December, a solid showing despite rising interest rates and elevated inflation, the government said in a downgrade from its initial estimate

The Independent UK

Measures announced in Union Budget to promote jobs, spur economic growth: Report

NEW DELHI: The measures like increased capex, boosting the green economy and initiatives for strengthening financial markets announced in the Budget 2023-24 are expected to promote job creation and spur economic growth, the finance ministry said on Thursday.

The Times of India

Gas prices are falling but your energy bills still won't be affordable any time soon

Wholesale gas prices – the price paid by the company that then sells it on to you – are at last starting to fall to levels below where they were before Russia invaded Ukraine in February 2022, though not back to levels before the global economy restarted after COVID lockdowns.

The Conversation

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WPP profits top £1bn as ad giant’s boss embraces “scary” AI revolution

WPP offered hope today that the economy could be in for a “soft landing” as clients resumed spending and profits zipped past £1 billion.

Evening Standard

Keir Starmer in clash with BBC presenter as he’s accused of ‘crimes against the English language’

Country needs ‘confidence to move forward’ and tackle challenges ahead, Labour leader says as he launches “mission plan”

The Independent UK

Commentary: On the debt limit fight, it’s time to end business as usual

President Joe Biden has called for an increase in the debt ceiling. To avoid another fight with Congress on the issue ahead of the 2024 elections, he would need lawmakers to boost the current ceiling by roughly $2.5 trillion. This would allow for total debt of about $34 trillion, or…

Tribune News Service

Minister challenged over Deposit Return Scheme contract

Circular Economy Minister Lorna Slater was grilled by opposition MSPs

Insider UK

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Raimondo seeks to rally US behind $52 billion chip program

The government's $52 billion investment to develop advanced computer chips has become a rare source of bipartisan agreement

The Independent UK

Poll seen sparking spending spree

The upcoming general election is likely to stimulate consumption, with around 60-70 billion baht to be circulated within the country’s economy, enhancing the Thai stock market both one week before and one month after the polls, say analysts.

Bangkok Post

Why Congress Should Pass a Ukrainian Adjustment Act

Giving recent Ukrainian refugees the right to permanent residency in the US will avert potential tragedy for them, and benefit the US economy.

Reason

Building 100,000 homes a year would 'pump more than £17billion' into economy

The former Tory Cabinet Minister Brandon Lewis - who backed the report - said that since the 1970s 'we have consistently failed to deliver enough new housing'

Daily Mirror

Netflix unveils special Thailand travel guide

Netflix has announced a partnership with the Tourism Authority of Thailand, the Department of National Parks, Wildlife and Plant Conservation, and the Creative Economy Agency to put together Uncover Thailand: A Creative Travel Guide, a first-of-its-kind Thailand travel guide.

Bangkok Post

Changing Thailand: a series (prologue)

Before I start talking economic jargon filled with figures, let me explain Thailand's economic situation in plain language.

Bangkok Post

Thai Wah expects 20% revenue rise

Thai Wah Plc, a starch and starch-based food company, is optimistic about the global economy in 2023 and projects revenue growth of nearly 20% to 12-13 billion baht.

Bangkok Post

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Bangkok Post

Buoyant Nippon Paint eyes 25% revenue uptick in 2023

An improved economy is among the key factors that Nippon Paint Decorative Coatings (Thailand) believes will help it record revenue growth of 25% to 2.25 billion baht in 2023.

StockNews.com

2 China Stocks That Could Be Better Buys Than Alibaba in 2023

Amid the reopening of China’s economy, stocks are expected to see a significant rebound. Therefore, investors could invest in fundamentally strong stocks Hello Group (MOMO) and China Automotive Systems (CAAS) instead of Alibaba Group (BABA). Read more….

Fortune

We're in danger of falling into 1970s-style inflation without aggressive interest rate hikes, according to a top Fed official

“If inflation doesn’t start to come down, you risk this replay of the 1970s... Let’s be sharp now, let’s get inflation under control,” St. Louis Fed President James Bullard told CNBC Wednesday.

StockNews.com

2 Dow Stocks to Buy and Watch This Week

Despite the consecutive rate hikes, the U.S. economy remains resilient amid robust consumer spending and a tight labor market. So, given the Dow Jones’ steady start to 2023, we think quality Dow stocks Coca-Cola (KO) and McDonald's (MCD) could be great buys now. Keep reading.

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Al Jazeera

Tight fiscal leash awaits winner of Nigeria presidential election

Ahead of the election, Africa’s largest economy is in a precarious position due to rising debt and low revenue.

France 24

Chinese banker 'was looking to move wealth to Singapore before disappearance'

The missing founder of China Renaissance, Bao Fan, was looking to start a fund for his personal fortune, according to the Financial Times. Bao is one of the country's biggest financiers in the tech sector and could be the latest target of a crackdown on the industry. Also in the…

Bangkok Post

Hong Kong unveils US$97bn recovery budget

HONG KONG: Hong Kong's finance chief unveiled a HK$761 billion (US$97 billion) budget on Wednesday, plunging into the coffers to pay for the recession-hit city's post-Covid recovery.

Bangkok Post

Economists: Tourism surge offsets export setback

The Thai economy is set to bounce back from a surprising contraction in the fourth quarter of 2022 as foreign tourist arrivals are likely to surprise on the upside and counter headwinds to merchandise exports from a global slowdown, say leading economists.

The Independent UK

Asian shares decline following Wall Street tumble

Asian shares have fallen after stocks tumbled on Wall Street as worries persist about higher interest rates and their tightening squeeze on the global economy

Dynamite News

"Hope govt take steps to make UP a USD 1 trillion economy": SP chief Akhilesh Yadav ahead of state budget

Former Uttar Pradesh Chief Minister and Samajwadi Party leader Akhilesh Yadav, who reached the Legislature Assembly in black 'sherwani' on Wednesday, 'hoped' that the ruling BJP government has taken steps to make the state a USD 1 Trillion economy. Read further on Dynamite News:

Bangkok Post

'Terrible toll' of Russia's year-long invasion of Ukraine

PARIS: When Russia's President Vladimir Putin ordered the invasion of Ukraine on Feb 24, 2022, he started a war that has killed tens of thousands of people, ravaged cities and pummelled the country's economy.

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