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The Latest Breaking News from Economy

The government welcomes the latest decision by S&P Global Ratings (S&P) to maintain Thailand's sovereign credit rating at BBB+ and rates the country's economic outlook as "stable", saying these outcomes are evidence of how effective the government's economic stimulating policies have proven to be.

Bangkok Post

Nick Clegg sends son to £22k school after branding private education 'corrosive'

While he was Deputy Prime Minister, Sir Nick said the "rift" between state and private schools was "corrosive for our society and damaging to our economy"

Daily Mirror

Tories 'abandoning families' as 1,600 children's centres close in a decade

Shadow Education Secretary Bridget Phillipson said the centres were a “lifeline” for families - and warned more closures were sure to follow after the Tories “crashed the economy”

Daily Mirror

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Conflict of interest: have low cash rates created the ‘everything bubble’?

In new book The Price of Time, economist Edward Chancellor explores the role central banks have played in the snowballing challenges of the past quarter century

The Guardian - AU

Queensland faces ‘significant’ wellbeing decline if it doesn’t quickly transition to renewables, report says

Deloitte warns that the biggest risk to jobs in the state is a carbon-fuelled economy

The Guardian - AU

Baby boom: why funding childcare properly will boost the UK economy

Britain has a labour shortage and parents who want to work: but the cost of childcare they need to do so often exceeds their pay

The Guardian - UK

Rishi Sunak should negotiate ‘soft Brexit’ trade deal with EU, says ex-Tory donor

Renegotiating deal to boost economy could help Tories win election, says billionaire Guy Hands

The Independent UK

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Macao awards casino licenses to MGM, Sands, Wynn, 3 others

Macao has tentatively renewed the casino licenses of MGM Resorts, Las Vegas Sands, Wynn Resorts and three Chinese rivals after they promised to help diversify the economy by investing in non-gambling attractions

The Independent UK

Depa's 'Digital Infinity' action plan seeks to increase GDP

The Digital Economy Promotion Agency (Depa) has outlined its 2023 action plan, using what it calls its "Digital Infinity" mission to help increase the country's GDP per person to reach US$10,000 in five years, up from $6,270 in 2021.

Bangkok Post

Saudi Arabia's new "green" agenda

The petrostate pitched a plan to cut carbon at COP27. And it’s covered in oil.

Salon

Look to emerging markets in transitional year

We believe 2023 will be a transitional year, the next stage following the "low-rates, low-growth" years of 2010-19 and the "Covid years" of 2020-22, where the pandemic led to a global lockdown, massive fiscal spending, skyrocketing debt and the great reflation.

Bangkok Post

Did Apec elite taste enough of Thailand?

What lasting benefits will Thailand enjoy having just wrapped up its hosting of Apec 2022 -- a global trade forum held in Bangkok last week? How will the much-touted meeting make Thailand better off in the long run? And will the excited chatter about a "BCG" economy ever amount to…

Bangkok Post

1 Stock You Should Think Twice About Buying Right Now

Carnival Corporation (CCL) is in rough waters due to the high inflation, the Fed’s aggressive rate hikes, and a slowing economy. It missed consensus estimates for its 2022 third quarter. Amid significant debt load and rising expenses, the stock lost more than 50% in 2022. Several analysts have downgraded the…

StockNews.com

Tourism scheme aims to help create 25,000 new jobs and boost North East economy

NewcastleGateshead Initiative, Visit Northumberland Visit County Durham have received £2.25m to help market the region as a “must-visit destination”

Chronicle Live

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Birmingham Post

Scale-up firms are key to boosting the economy but they need to be more evenly spread across the UK

Wales accounts for only 3.5% of the total number of scale-ups in the UK which is lower than would be expected by business population.

The Conversation

Tackling climate change will require reforming the World Bank and IMF – here are two options

A global transition to a low-carbon economy will require investments of at least US$4 trillion a year (£3.4 trillion) according to the implementation plan agreed at COP27 UN climate change summit in Sharm El-Sheikh, Egypt. Delivering this funding will involve nothing less than “a swift and comprehensive transformation of the…

Daily Mirror

Influencer accuses airline of discriminating because she’s ‘too fat’

Juliana Nehme, 38, was returning from a holiday in Lebanon with relatives to her native Brazil via Doha - but claims Qatar Airlines officials said she would need to buy a significantly more expensive first class seat after already forking out $947 (£783) on economy

The National (Scotland)

New run of pro-Yes handbook hopes to win crucial voters to independence cause

THOUSANDS of copies of a pro-independence book which its authors say has the power to win over crucial undecided voters to Yes are rolling off…

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Birmingham Post

The Welsh firms adapting and innovating in the face of the economic crisis

Firms from across Wales tell us how they have adapted to soaring inflation, energy costs and an economy in recession

Caixin Global

PBOC to Cut Banks’ Reserve Requirement Ratio to Support Economy

The 25 basis-point reduction, effective Dec. 5, follows a cut of the same magnitude in April, and will free up around $70 billion of cash for lending

The Conversation

Labour sounds like the Tories on immigration – but its policy goes back to its trade union roots

Keir Starmer has given a glimpse of what immigration policy could look like under a Labour government. Speaking to the Confederation for British Industry, the party leader’s key message was about reducing the UK’s dependency on migrant labour.

The Independent UK

‘Humiliated’ plus-size model claims Qatar Airways denied her boarding for being ‘too fat for economy’

Airline says woman was kept off plane for being ‘extremely rude and aggressive to check-in staff’

The Independent UK

German economy sees stronger growth in 3rd quarter

Germany’s economy saw stronger growth in the third quarter than expected as consumer spending picked up following the lifting of pandemic restrictions

Chronicle Live

North East to lead project to boost tourism economy through big events

The pilot programme will aim to make the region a 'must visit' destination and takes inspiration from events like this summer's Commonwealth Games

The Independent UK

UK voters warm to new leader Sunak, but not to his party

In his first month as Britain's prime minister, Rishi Sunak has stabilized the economy, reassured allies from Washington to Kyiv and even soothed the European Union after years of sparring between Britain and the bloc

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