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The Latest Breaking News from Economy

The most debated economic topic of the month must be Pheu Thai Party's campaign promise to raise the minimum wage to 600 baht per day by 2027, from the current minimum wage of 354 baht.

Bangkok Post

Powell says Fed still has a ‘ways to go’ after half-point hike

Chair Jerome Powell said the Federal Reserve is not close to ending its anti-inflation campaign of interest-rate increases as officials signaled borrowing costs will head higher than investors expect next year.

Tribune News Service

Bank of England poised to raise borrowing costs to combat inflation

Financial markets expect 0.5 percentage point increase as fears mount that UK is about to enter long recession

The Guardian - UK

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EPA Report: Tesla Had Lowest Emissions, Highest Fuel Economy In 2021

Tesla's numbers far exceed any other brand since it only produces zero-emissions vehicles. As brands add EVs to their lineups, they'll just begin to catch up.

InsideEVs

2 Fast Food Stocks to Buy Ahead of a Potential Recession

Despite inflation cooling down, the Fed’s aggressive monetary policy could push the economy into a recession. Given this backdrop, we believe quality fast food stocks Domino’s Pizza Group (DPUKY) and Nathan’s Famous (NATH) could be wise additions to your portfolio to garner good returns. Fast food stocks tend to be…

StockNews.com

North of England rail chaos stems from ‘toxic combination’ of issues, MPs hear

Late, inadequate and overbooked trains are costing the regional economy half a billion pounds a year

The Guardian - UK

Scotland ranked among worst countries for unsustainable material consumption

SCOTLAND has been ranked among the worst nations for unsustainable material consumption, according to a new report.

The National (Scotland)

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African nations tap into oil wealth

The continent's vast oil reserves could spell trouble for the climate — and for Africans

Salon

Economy in recovery, bolstered by tourists: Arkhom

Thailand's economy is still on the recovery path and should grow 3.4% this year and 3.8% next year, supported by a rebound in its vital tourism sector, the finance minister said on Wednesday.

Bangkok Post

4 Stocks With More Room to Run in 2023

Inflation eased again in November, which could allow the Fed to slow interest-rate hikes into the following year. Overall, the odds of the economy avoiding an anticipated recession are increasing. Given this backdrop, quality stocks CVS Health (CVS), ADT (ADT), ODP Corporation (ODP), and Universal Logistics (ULH) will likely see…

StockNews.com

What is inflation and what is its current rate in the UK and Europe?

UK inflation hit a 41-year high in October as gas prices soar

The Independent UK

47% of us are looking for a side-hustle in the cost of living crisis

Freelance life can also be financially unnerving, with many existing support platforms taking 20% of the money freelancers make

Wales Online

Khalifa Port Expansion Project Inaugurated at $1.08 Bln Total Investment

United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan inaugurated on Tuesday the Khalifa Port expansion project at a total investment of AED4 billion ($1.08 billion). “The Khalifa Port expansion project is one of the specialized national projects and is considered a significant addition to the country’s ports and…

Asharq Al-Awsat

Average US Vehicle Fuel Economy Was 25.4 MPG In 2021

Stellantis ranked as the automaker with the lowest fuel economy.

Motor1

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Asharq Al-Awsat

World Bank: Iraq Must Pursue Greener Growth Model

Iraq, a top oil exporter battered by climate change impact, must diversify its economy and pursue a “greener growth model,” the World Bank said Tuesday. In a new report presented to authorities in Baghdad, the Washington-based institution said $233 billion must be invested by 2040 to allow Iraq to embark…

Belfast Live

Mourne, Gullion and Strangford's UNESCO Global Geopark award in sight after decade's work

"The Geopark will support a more sustainable community and boost the local economy"

Financial Times

Russia’s wartime economy: learning to live without imports

Rather than provoking a dramatic collapse, international sanctions are causing a steady degradation of the country’s productive capacity

Bangkok Post

Economy can withstand global risks, says finance minister

The Thai economy is still on the recovery path and should grow 3.4% in 2022 and 3.8% next year, supported by a rebound in the vital tourism sector, Finance Minister Arkhom Termpittayapaisith said on Wednesday.

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AAP

Recycled roads re-route old supply chains

Reclaimed and crushed asphalt, glass, concrete and tyres could replace conventional raw materials in road construction and drive Australia's circular economy.

Al Jazeera

Squeezed between China and Russia, Mongolia’s herders feel pinch

Mongolian tent-dwellers face growing hardship amid skyrocketing energy costs and falling livestock prices.

Birmingham Post

Birmingham should have an innovation district to kick start 'new economy', says Centre for Cities

Economic think tank is calling for the UK government to chanel funding into creating a dedicate centre for boosting tech economies

Reuters

Lula builds out econ team with Mercadante at BNDES, ex-banker aide to Haddad

More of Brazilian President-elect Luiz Inacio Lula da Silva's economic policy team took shape on Tuesday, with Workers Party (PT) veteran Aloizio Mercadante running development bank BNDES and a former banker taking a key role at the Economy Ministry.

Reuters

Peru eyes spending in protest zones, but fiscal goals 'non-negotiable' -minister

Peru's new government is looking at economic stimulus measures for regions being roiled by protests after the ouster of leftist leader Pedro Castillo, but will hold steady to "non-negotiable" fiscal deficit targets, the economy minister said on Tuesday.

Bangkok Post

Investing in nature pays dividends

The mega-challenges engulfing the world today -- from Covid-19 to climate change -- have highlighted the interdependencies between people, planet, and the economy. As we chart a course to reignite global growth and drive green, resilient, and inclusive development, we must not ignore these interlinkages. Nature -- meaning biodiversity and…

Bangkok Post

Office preps 8 digital transformation steps

Equipping people with digital skills in local communities, stimulating a 5G ecosystem and supporting digital content as a means of soft power are among eight projects the Office of the National Digital Economy and Society Commission (ONDE) aims to pursue in 2023 to improve the country's digital landscape.

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