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The Latest Breaking News from Economy

Researchers want Odisha’s Angul to plan transition to green energy

Angul currently accounts for 12% of India’s and 56% of Odisha’s coal production

The Hindu

Business shrugs off PM's suspension

Business leaders expect Wednesday's decision by the Constitutional Court to suspend Prime Minister Prayut Chan-o-cha from office to have little impact on the government's administration and its ongoing efforts to spur the country's fragile economy.

Bangkok Post

Arkhom upbeat on Thai growth outlook of 3.5%

Thailand's economy could grow by 3.5% this year, depending on how the tourism and export sectors perform in the second half, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

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Thai economic contraction beckons

Why does the Thai economy risk facing an economic contraction in the second half of this year? The answer is simple.

Bangkok Post

Large firms dominate Australia's economy and it's costing you money, says Labor MP Andrew Leigh

Australia's economy is becoming more concentrated, and dominant firms are increasing prices.

ABC News

6 key numbers that reveal the staggering impact of Russia's war in Ukraine

Russia invaded Ukraine six months ago. In that time, thousands of people have been killed, cities destroyed, millions of people displaced and the Ukrainian economy has been battered.

WEKU

Pandemic anxiety could drain $7b from NSW

Depression and anxiety related to COVID-19 lockdowns could cost the New South Wales economy $7.4 billion by 2025, according to a new report.

AAP

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Poor mental health could result in $7.4bn in lost productivity in NSW, report finds

Exclusive: Research shows increase in depression and anxiety could result in hit on economy by 2025

The Guardian - AU

Qatar to invest $3bn in Pakistan economy

The Qatar Investment Authority’s announcement comes as Pakistani PM Shehbaz Sharif visits Doha on an official trip.

Al Jazeera

Sardinian government offers £13k grant for anyone to move to island

The Italian region is losing population and needs residents to help boost economy

Evening Standard

Economy at risk of low productivity: Andrew Leigh

An ACT politician believes a lack of competition and low productivity will stagnate the economy.

The Canberra Times

Rishi Sunak virtually rules out backing a Liz Truss tax-cutting budget

The former chancellor who is trailing Liz Truss in the Tory leadership race said there were fundamental differences in their approach to the economy.

Daily Record

6 months of Putin’s war unravels Russia’s superpower image

Six months into President Vladimir Putin’s invasion of Ukraine, the war has upended fundamental assumptions about Russia’s military and economy.

Bangkok Post

Oil price rebound scares investors ahead of key US Fed speech

THE price of oil surged back over $100 a barrel mark today adding to concerns about the cost of living crisis ahead of likely forecourt fuel hikes.

Evening Standard

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The Times of India

Ukraine invasion: Six months of Putin’s war unravels Russia’s superpower image

LONDON: Six months into President Vladimir Putin’s invasion of Ukraine, the war has upended fundamental assumptions about Russia’s military and economy.

Asharq Al-Awsat

China Warns of 'Severe' Threat to Harvest from Worst Heatwave on Record

China's autumn harvest is under "severe threat" from high temperatures and drought, authorities have warned, urging action to protect crops in the face of the country's hottest summer on record. The world's second-largest economy has been hit by record temperatures, flash floods and droughts this summer -- phenomena that scientists…

The Independent UK

Ukraine and UK in talks over ‘landmark’ digital trade deal to help war-torn country

UK will use ‘trade as force for good,’ says International Trade Secretary

Asharq Al-Awsat

As Ukraine War Drags On, Europe’s Economy Succumbs to Crisis

It was meant to be Europe's stellar year. A post-pandemic spending euphoria, supported by copious government spending was set to drive the economy and help fatigued households regain a sense of normality after two dreadful years. But all that changed on Feb. 24 with Russia's invasion of Ukraine. Normality is…

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news in one place.

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The National (Scotland)

Decade of ‘lost economic growth’ in UK has cost Scotland billions, new analysis claims

SCOTLAND's economy lost out on around £18 billion because of a “decade of lost growth” in the UK which has added to the impact of the…

Reuters

China's jobless turn to car boot sales as COVID-hit economy stalls

When the COVID-19 pandemic forced Wang Wei to shut his tourism company, the Tianjin native poured his life-savings of 80,000 yuan ($11,785) into selling coffee from the back of his green Suzuki micro van in the Chinese capital Beijing.

Bangkok Post

Prayut survives budget test in parliament

Parliament on Tuesday passed a 3.19 trillion baht annual budget bill for the 2023 fiscal year, handing another victory to Prime Minister Prayut Chan-o-cha who survived a no-confidence vote last month in which the opposition had accused him of mismanaging the economy.

The Independent UK

TUC unveils plan for £15 minimum wage as cost-of-living crisis bites

Government promise of ‘high wage economy’ needs more than ‘wishful thinking’, unions say

The Independent UK

UK and Ukraine kick off talks on digital trade deal to help war-torn country

The International Trade Secretary Anne-Marie Trevelyan said the UK will use ‘trade as a force for good’.

The Times of India

Inflation peaked at 7.8%, 4% target by FY24: RBI governor

MUMBAI: Reserve Bank of India (RBI) governor Shaktikanta Das has said inflation expectations have been anchored after peaking at 7.8% in April 2022. The governor also said that the central bank would like to bring down inflation to within 4% over a time cycle of about two years or so.

ABC News

Coles flags higher costs as inflation bites, WiseTech jumps on earnings, ASX rises

Australian shares have risen after two straight sessions of falls, with energy and mining stocks leading the recovery on firm commodity prices, while concerns over aggressive rate hikes and slowing growth across the globe checked risk appetite.

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