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The Latest Breaking News from Economy

Interest rates: the three central banks facing one tricky balancing act

In the fight against inflation the ECB, Bank of England and Federal Reserve risk either doing too much too soon, or too little too late

The Guardian - UK

China investors call it quits as Xi, ‘zero COVID’ sap confidence

Overseas investors shed a record $150bn in yuan-denominated assets in the first quarter of this year.

Al Jazeera

Asia’s economic growth outlook slashed on China, Ukraine fears

Asian Development Bank forecasts region’s developing economies to grow 4.6 percent in 2022 amid worsening conditions.

Al Jazeera

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Role of BCG economy discussed at Apec forum

The Bio-Circular-Green (BCG) model, Thailand's new economic model for inclusive and sustainable growth, can boost business opportunities after the pandemic has subsided, local experts told an Asia-Pacific Economic Cooperation (APEC) forum yesterday.

Bangkok Post

Electric vehicle makers now aiming to win over mainstream buyers

They targeted early EV rollouts at customers who wanted a short-range economy car, then shifted to luxury buyers and pickup and delivery van drivers. Now, they want you.

Chicago Sun-Times

The cost of misrepresenting inflation

The inadequacy of monetary policy to address food-price-driven inflation has been recently flagged

The Hindu

Canadian Initiatives Award Millions For Cannabis Firms To Transform The Country's Prairies

Canadian federal agencies have made available millions of dollars for cannabis business expansion and research, reported MJBizDaily. The funds were allocated to businesses that contribute to transforming regional economies.

Benzinga

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The Guardian view on the UK economy: what an almighty mess

An unprecedented number will spend this winter choosing between freezing and starving. Britain needs an active state to help

The Guardian - UK

Indian economy to grow 7-8% in next couple of decades: Panagariya

NEW DELHI: Indian economy, which has grown fairly rapidly in the last 17 years, will grow at 7-8 per cent in the next couple of decades, former Niti Aayog vice chairman Arvind Panagariya said on Wednesday.

The Times of India

Rishi Sunak, Heir Apparent Who Ran Afoul of Boris Johnson

Rishi Sunak was seen as Boris Johnson’s natural heir, until he turned on the prime minister who put him in charge of Britain’s economy. The former Treasury chief, who quit earlier this month after questioning Johnson’s competence and ethics, is one of the two final contenders to replace Johnson as…

Asharq Al-Awsat

3 Beaten-Down Stocks to Avoid in July 2022

The Fed has indicated a 75 basis-point interest rate hike in its next meeting, increasing the odds of the economy tipping into a recession in the next 12 months. Given the deteriorating market sentiments, it could be wise to avoid beaten-down stocks The Walt Disney (DIS), Teladoc Health (TDOC), and…

StockNews.com

Fed rate cheat sheet: What all those terms really mean

With the recent interest rate hikes and rumblings about inflation, you’ve probably been hearing a lot about The Federal Reserve — and all the jargon that comes with it.

Tribune News Service

Rishi Sunak faces image and tax challenges in UK PM run-off

Rishi Sunak will claim credit for steering Britain's economy through the COVID-19 crash but must overcome accusations that he is too rich and too willing to raise taxes to win the race to be the next prime minister.

Reuters

China property crisis: Why homebuyers are halting mortgage payments

NEW DELHI: A growing number of homebuyers in China have stopped making mortgage payments for properties, adding to the woes of the country's already troubled real estate sector.

The Times of India

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The Conversation

St. Lawrence shoreline erosion: We must work with, not against, nature

The St. Lawrence riverbanks are eroding. This has an impact on infrastructure, economy and inhabitants’ well-being. It exposes communities to flooding and can destroy local ecosystems.

Evening Standard

What is inflation? UK rate increases unexpectedly to 3.6%

Inflation has unexpectedly jumped to 3.6%. But what is it, how is it calculated and what does it mean for wages and mortgages?

Reuters

Ukraine seeks debt freeze as war ravages economy

Ukraine has asked its international creditors, including Western powers and the world's largest investment firms, to freeze its debt payments for two years so it can focus its dwindling financial resources on repelling Russia.

The Independent UK

Liz Truss: Who is the foreign secretary hoping to become Prime Minister?

Social media savvy ‘human hand grenade’ seen as continuity candidate and faces uphill battle to displace Rishi Sunak

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Asharq Al-Awsat

Moody’s Projects Saudi Economy to Grow 3.9% by 2026

Moody’s credit rating agency has expected Saudi Arabia’s economy to register an average growth rate of around 3.9 percent during the period from 2022 to 2026. In an annual in-depth credit analysis report, it said the Kingdom’s credit strengths are derived from its robust government balance sheet, underpinned by moderate…

Bangkok Post

Central bank to ensure uninterrupted economic recovery

Thailand's economy has clearly recovered and the Bank of Thailand (BoT) will ensure the recovery is not interrupted by efforts to tackle higher inflation, BoT governor Sethaput Suthiwartnarueput said on Wednesday, amid expectations of an interest rate hike.

Bangkok Post

Explainer: Exploring the land scheme for foreigners

The government's latest bid to attract affluent foreigners involves offering the ability to purchase land for residential use in the country. While this proposal is intended to reinvigorate the economy, many analysts are urging caution.

Birmingham Post

Amazon pays £648m in UK taxes as revenues leap beyond £23bn and workforce grows to more than 70,000

Online giant says it is proud of 'significant economic contribution' to the UK economy.

Bangkok Post

World Bank urges more direct aid

Fabrizio Zarcone, the newly appointed World Bank country manager for Thailand, recommends three fiscal measures to help protect Thai households from shocks, build social cohesion and resilience while creating space for public investment.

Ballotpedia

Economy and Society: July 19, 2022- Missouri Treasurer challenges ESG impact on public pensions

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

The Independent UK

Automakers targeting average households with new crop of EVs

In their first rollouts of electric vehicles, America’s automakers targeted people who value short-range economy cars

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