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The Latest Breaking News from Economy

Passengers surprised as Kate Middleton boards economy flight with Charlotte and Louis

The Duchess of Cambridge was spotted by passengers on the economy flight to Scotland where they are expected to join the Queen at Balmoral Castle. A passenger said: 'No one on board took any photos or videos. Just a mum taking her children on holiday to see grandmother, but there…

Daily Mirror

Real Estate Market Cycles - Where We're At Today And What's Next

Seasons, stages, phases and cycles. In biology, astronomy, time and many other aspects of life, things repeat. Real estate is no exception. Market analysts have shown that real estate markets pass through recurring cycles.

Benzinga

UK economy shrank most since 1709 in pandemic as numbers revised again

The U.K. economy shrank the most in three centuries in 2020, according to fresh statistics that highlight the devastating economic damage wrought by the Covid-19 pandemic.

Tribune News Service

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Cuban entrepreneurs hope for room to grow as the government ponders reform

For those seeking proof that even modest foreign investment can help propel Cuba's fledgling entrepreneurs, look no further than Oscar Fernandez's Havana-based dried fruit business.

Reuters

Scottish waste management firm gets funding for circular economy upgrade

A £1.3m Green Loan from HSBC has paid for high-tech new machinery

Insider UK

Sunak effectively rules out serving in a Truss cabinet, suggesting they don’t agree on ‘big things’ – as it happened

Tory leadership candidate says he is focused on race for No 10; energy bosses call for end to battle so new PM can tackle bills crisis

The Guardian - UK

Truss poised to plunge UK economy into ‘inflation spiral’, says Sunak

Truss cannot deliver £50bn tax cuts and support packages without pushing debt to dangerous levels, says Tory leadership rival

The Guardian - UK

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Finance minister: Economy to grow 3.0-3.5% this year, recovery intact

Thailand's economy is expected to grow by 3.0% to 3.5% this year, helped by public investments and a pick-up in the vital tourism sector, Finance Minister Arkhom Termpittayapaisith said on Monday.

Bangkok Post

‘The world flipped upside down’: will end of Roe galvanize Democrats’ base in midterms?

Democrats believe a brewing backlash after June ruling will reshape the battle for control of Congress and statehouses this fall

The Guardian - US

Oil Slumps on Fears over Economic Slowdown, Stronger Dollar

Oil prices slumped on Monday, ending three days of gains, as investors were concerned aggressive US interest rate hikes will weaken the global economy and dent fuel demand while a strengthening dollar also added to pressure. Brent crude futures for October settlement declined $1.20, or 1.2%, to $95.52 a barrel…

Asharq Al-Awsat

Stephen Galilee: why raising coal royalties is not the answer

Calls to introduce a Queensland-style royalties system in NSW are shortsighted, and potentially very damaging to the Hunter economy, writes Stephen Galilee

Newcastle Herald

Argentina names second in command of key economy ministry

Argentina's government on Sunday appointed a well-known economist and vocal critic of the policies of former President and current Vice President Cristina Fernandez de Kirchner to effectively be the second in command of the key economy ministry.

Reuters

Business wary of political climate

While the Thai economy had been pressured by global geopolitical tensions leading up to the National Economic and Social Development Council's decision last week to revise down the upper range of its growth forecast to 3.2% from 3.5%, the business sector also has to keep a close eye on the…

Bangkok Post

Liz Truss will cause inflation spiral with ‘dangerous’ tax cuts, Rishi Sunak warns

Tory leadership contest rattles on as Labour poll lead grows

The Independent UK

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Newcastle Herald

Hydrogen's big difficulties need to be explained and accounted for if we are to believe in a 'hydrogen economy'

It penetrates steel: just one of the pitfalls of hydrogen

ABC News

Real wages are shrinking as profits are soaring. But are most businesses really raking it in?

Workers are getting a record low share of Australia's national income, while company profits surge. But is it just a temporary phenomenon caused by the commodities boom or a deeper structural crisis in our economy?

Reuters

German minister rules out keeping nuclear plants running to save gas

German Economy Minister Robert Habeck ruled out on Sunday extending the lifespan of the country's three remaining nuclear power plants in order to save gas, saying it would save at most 2 percent of gas use.

The Guardian - UK

UK shoppers are keeping calm and carrying on. Why?

Consumers are in either denial about the economy or think they are managing … for now

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The Independent UK

Russia's war at 6 months: A global economy in growing danger

It's almost six months since Russia invaded Ukraine, and the consequences are posing a devastating threat to the global economy

Bangkok Post

Apec meet to find 'balance' in post-Covid recovery

Prime Minister Prayut Chan-o-cha expects the upcoming 12th Apec High‐Level Meeting on Health and the Economy to serve as a global forum to discuss medical innovations and measures to strike a balance between public health security and economic recovery.

Tribune News Service

US economy flashes signals of hope and concern in mixed data

WASHINGTON — Data this week generated a mixed report card of the U.S. economy, showing both resilience in the face of high inflation and signs of troubles ahead.

The Guardian - UK

Growing pains: China’s faltering economy tests leadership’s nerve

Beijing is in a bind over harsh Covid lockdowns, a property crisis and tensions with western trading partners

The Guardian - UK

Europe on the brink: the states battling to stave off recession

War, drought and Covid have blighted prospects not just in Britain but continent-wide. Which countries are most at risk?

The Independent UK

For Republican governors, all economic success is local

Texas Gov. Greg Abbott often knocks President Joe Biden for the country's high rate of inflation and fears of a looming recession

Tribune News Service

‘Just shocking’: Inflation buoys GOP’s hopes to flip Senate seat

The Las Vegas Strip is again teeming with tourists, its casinos are minting billions and more people than ever are now working in Nevada. But soaring housing costs and gasoline prices have handed Republicans an opportunity to flip a U.S. Senate seat and reverse years of Democratic gains in the…

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