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The Latest Breaking News from Economy

As Omicron Subsides, Dada Nexus Could Be Riding Into E-Commerce Gilded Era

Key takeaways: • Dada Nexus’ revenue grew strongly in the first quarter, after excluding the impact of a change to the way it pays riders for certain delivery services

Benzinga

As the Ukraine war rages, Montenegro’s juggling act gets harder

Close historic ties with Russia and deep internal divisions are undermining a unified national stance on the conflict.

Al Jazeera

Hamilton welcomes Scottish Parliament committee as local group hails successful town centre inquiry visit

The Economy and Fair Work Committee met up with Hamilton BID to tackle issues in the town centre

Daily Record

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Pakistan holds bailout talks with IMF in Qatar as economy falters

The new Pakistan government is seeking the release of more funds from a $6bn rescue programme agreed with IMF in 2019.

Al Jazeera

Chief BoE economist: we’ll squeeze economy more to tame inflation

Bank of England’s Huw Pill warns ‘further work needs to be done’ after recent base rate rises

The Guardian - UK

Explained: 'India looks a lot like Sri Lanka'?

NEW DELHI: In one of his several attacks on the Centre over economic situation of the country, Congress leader Rahul Gandhi slammed the government over rising inflation and unemployment.

The Times of India

Germany, Qatar Sign Energy Partnership Agreement

Germany and Qatar signed on Friday a declaration to deepen their energy partnership, with a focus on trade in hydrogen and liquefied natural gas (LNG), as Europe's biggest economy looks for alternative supplies amid Russia's invasion of Ukraine. The partnership deal foresees regular meetings between authorities from both countries and…

Asharq Al-Awsat

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‘Do whatever it takes’: Beijing urged to act as China’s economy falters

Attempts to boost flagging GDP growth hindered by Covid lockdowns, Ukraine war and Sino-US tensions

The Guardian - UK

Cannes Film Festival a 'gamechanger' for French directors

The 75th Cannes Film Festival has opened, with more than 100 films being shown in the official selection. The event is good news for the local economy and an essential stop for many in the entertainment world. For Daniela Elstner, the executive director of Unifrance, an organisation that promotes French…

France 24

How soaring inflation can be particularly harmful for young people

Inflation rates have become almost impossible to ignore. In the UK, inflation has soared in recent months, now reaching 9% – the highest rate for 40 years. The Bank of England expects it to rise to 10% this year and for the economy to slow down.

The Conversation

North East economy falling further behind rest of country, report says

Annual report from the North East LEP highlights a growing gap with the rest of the UK in five of the six areas it measures

Birmingham Post

The Ever-Growing Digital World

Past Success Ahead of the Curve

Bangkok Post

G7 offers $9.5 billion new aid for Ukraine, ready with more

The Group of Seven's financial leaders agreed on $9.5 billion in new aid to Ukraine on Friday and promised enough money to keep the country's devastated economy afloat as long as it fights against Russia's invasion.

Reuters

Scottish Government holding back solar power - Rennie

Scottish Liberal Democrat economy spokesperson complains about current rules limiting the size of panel projects

Insider UK

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Al Jazeera

‘Difficult to believe’: Biden’s economy plan a tough sell in Asia

US president’s arrival in Seoul will mark start of effort to promote new Indo-Pacific Economic Framework in region.

Reuters

Polish lawmakers reach compromise on court reform with eye on EU funds

Lawmakers from Poland's ruling coalition agreed to judicial reforms the government says will unblock billions of euros in European Union funding, helping an economy grappling with the effects of the pandemic and war in Ukraine.

Al Jazeera

Australians ‘uniformly worried’ about economy on election eve

Opposition Labor party maintains lead ahead of Saturday election amid rising uncertainty about the future.

Newsroom.co.nz

Yesterdaze: Our satiable appetite for Hoskingese

When the weather's bad, the economy's hitting headwinds, and the country's 'in the crapper', who do you turn to for wisdom, insight and comfort? James Elliott's not sure Hosking, Tame or Sey

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The Guardian - UK

UK consumer confidence falls to lowest level since 1974

Consumers increasingly pessimistic about economy and personal finances amid deepening cost of living crisis

Benzinga

Why True Capitalism Is the Only Thing That Can Save America — Both Economically and Socially

Americans today are facing one of the worst economic environments we’ve seen in decades, with skyrocketing inflation, supply chain shortages, and the Great Resignation, to name just a few of our current challenges.

Benzinga

GBP/USD: Don't Get Too Comfy With Recent Gains

GBP/USD look headed for its first weekly gain in four weeks moving into late Thursday trading. At the time of writing, the pair was trading up by 2.03% at 1.25089, supported by a broadly weaker US dollar. But a stronger pound this week didn’t relate to any major positive news…

ABC News

Whether it was climate, integrity or the economy, no topic was safe from political spin in the 2022 election campaign. Here are the facts

Politicians were spinning hard for Australian's votes during the 2022 election. So who got their facts straight, and who missed the mark?

Benzinga

Why American Banks Must Offer Crypto Services To All Consumers — Or Risk Losing Out To Fintechs And Foreign Banks

By Dave Donovan Executive Vice President at Publicis Sapient

ABC News

ASX snaps four-week losing streak, Crown shareholders back $8.9b takeover

The Australian share market jumps in afternoon trade, despite another volatile day on Wall Street as investors weighed up the risk of rapid interest rate hikes tipping the US economy into recession.

Bangkok Post

Shift in economic structure urged

Thailand's economic recovery is relatively slower than that of its Asean peers because the domestic economic structure in the country is reliant on conventional industries.

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