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The Latest Breaking News from Economy

RBI not behind the curve, focus on inflation target could have been disastrous for economy: Shaktikanta Das

MUMBAI: Reserve Bank of India (RBI) governor Shaktikanta Das on Friday refuted criticism of the RBI being behind the curve in its policies, making it clear that the consequences of focusing on the 4 per cent inflation target would have been "disastrous" for the pandemic-hit economy.

The Times of India

Sri Lanka’s economy grinds to a halt as fuel supplies run dry

COLOMBO: Sri Lanka’s economic activity is coming to a near standstill as the island nation, facing its worst financial crisis, runs out of fuel for transport and there’s little signs of fresh supplies coming in.

The Times of India

Asian stocks follow Wall St lower on economy fears

Asian stock markets are mostly lower after Wall Street fell on fears interest rate hikes will depress global economic activity

The Independent UK

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Takeaways from AP interview: Biden on inflation, US psyche

President Joe Biden sat down with The Associated Press to discuss the state of the economy, his concerns about the national mood, and his commitment to standing up to Russia’s aggression in Ukraine

The Independent UK

Weekly Must-Read: China’s Efforts to Prop Up Property Market Fall Short

While local governments have taken steps to stimulate the ailing sector, both supply and demand remain weak

Caixin Global

Stock markets plunge again as flurry of interest rate hikes fuels recession fears

Investors wary as other central banks follow US Federal Reserve in raising borrowing costs

The Guardian - AU

Brits warned UK 'may already be in recession' as inflation could climb to 11%

Experts have warned that Britain may be sliding into a recession as inflation continues to soar and the Bank of England is forced to raise interest rates for the fifth time

Daily Mirror

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9 takeaways from Jan. 6 committee hearing: Al Gore, Mike Pence met history test Trump flunked

Trump’s pressure campaign on Pence, who will travel to Chicago on Monday to deliver a major speech on the economy at the University Club of Chicago, was the focus of the Jan. 6 committee’s third hearing Thursday.

Chicago Sun-Times

Transcript of AP interview with President Joe Biden

A transcript of an Oval Office interview Thursday with President Joe Biden by AP White House reporter Josh Boak

The Independent UK

Market swings, software-based investing — and community banking - Roll Call

Amias Gerety, a partner at QED Investors, interviews M1 CEO Brian Barnes on relationship investing and automation in the fintech economy.

Roll Call

Despite warnings from economists, Biden says a recession is not inevitable

In an interview Thursday with The Associated Press, the president says the American people are "really, really down" after two years of pandemic, volatility in the economy and surging gas prices.

WEKU

Welsh Government announces new strategy to regenerate Wales' retail sector

The Welsh retail sector employs more than 114,000 people and contributes 6% of Wales’ GVA

Birmingham Post

PM touts digital hub at summit

Declaring Thailand as Asean's Digital Hub would be a great opportunity to showcase advances in Thai 5G technology on a regional level, Prime Minister Prayut Chan-o-cha said on Thursday.

Bangkok Post

Digital Valley to host 5G innovation centre

Advanced Info Service (AIS), the country's biggest mobile operator by subscriber base, has collaborated with the Digital Economy Promotion Agency (Depa) to launch the country's first 5G innovation centre and laboratory located at Thailand Digital Valley in the Eastern Economic Corridor (EEC).

Bangkok Post

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Bangkok Post

5G tech alliance to ramp up use cases

The Digital Economy and Society (DES) Ministry has unveiled a 5G technology alliance aimed at transforming 5G showcases into real use cases with a target of rolling out 10 of them this year.

Bangkok Post

Firms push for softer tourism rules

Bangkok Post

Weak baht helps some sectors

The weaker baht is expected to boost the Thai economy and increase real GDP by 0.4%, but not all manufacturers will reap the benefits, says the Industry Ministry.

The Independent UK

The AP Interview: Biden says recession is 'not inevitable'

President Joe Biden says the American people are “really, really down” after a tumultuous two years with the coronavirus pandemic, volatility in the economy and now surging gasoline prices that are hitting family budgets

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StockNews.com

5 Tech Stocks You'll Regret Not Buying During the Sell-Off

The Federal Reserve’s continued monetary policy tightening to tame the surging inflation has been making investors concerned about the economy slipping into a recession soon. As a result, tech stocks are witnessing massive sell-offs. However, growing demand, impressive breakthroughs, and rising corporate and government investments in the tech industry should…

The Conversation

Climate-fuelled wave patterns pose an erosion risk for developing countries

The world’s coastlines are at the forefront of climate change. That’s because they’re constantly changing, and respond quickly to changes in climate. They’re particularly important because around 70% of the world’s population live within 100km of the coast, and 90% of the world’s trade passes through ports on the coast.…

Newsroom.co.nz

Fishing boats tied up, unable to feed hungry world market

Declining primary production has caused the economy to tighten, and the seafood industry is pleading for help as times get even tougher.

Daily Mirror

Interest rate rise - all you need to know including impact on mortgage payments

Today's interest rates increase is expected to add around £21 a month - £252 a year - to the average repayments for a borrower with a £150,000 mortgage who is on their lender’s standard variable rate

Benzinga

Mike Novogratz Predicts 'The Economy Is Going To Collapse,' But This Crypto Is Poised To 'Explode' Higher

Several analysts and economists are anticipating a potential recession in 2023, but very few have turned as negative as Galaxy Digital Holdings Ltd (Pink: BRPHF) CEO Mike Novogratz seemed to be during

The Times of India

Don't see any adverse impact of US Fed rate hike: DEA secretary

NEW DELHI: The government does not see any adverse impact on the Indian economy post the US Federal Reserve's decision to raise interest rates by 75 basis points, economic affairs secretary Ajay Seth said on Thursday.

Daily Mirror

Economists blast Boris Johnson for 'suppressing' Brits' wages as inflation soars

Economists from a host of universities and think tanks have written to the Prime Minister dismissing his claims over pay hikes fuelling inflation

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