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The Latest Breaking News from Economy

Overturning Roe could reverse economic gains

An end to Roe could set back the economy.

Axios

Chinese city offers Nobel Prize winners $1.5 million housing subsidies

The industrialised Chinese coastal city of Wuxi is offering Nobel Prize winners up to 10 million yuan ($1.48 million) in housing subsidies to attract top talent in a national economy that is shifting towards innovation-driven development.

Reuters

UK recession fears grow as rising inflation set to leave more Scots struggling

Tory ministers are under mounting to pressure to get to grips with the cost of living crisis amid predictions the UK economy is heading for recession.

Daily Record

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UK recession fear as cost of living crisis deepens

Weakest growth for a year

Wales Online

Pressure grows for summer mini-budget amid recession fears

Sharp selloff of shares and fall in pound against the dollar follow news of surprise contraction in economy

The Guardian - UK

UK economy shrank in March as households rocked by soaring food and living costs

Prices are rising at their fastest rate for 30 years, driven by soaring fuel, food and energy costs - and the worst is yet to come, the Bank of England has warned

Daily Mirror

FTSE 100 Live: Losses ease by the close but inflation fears and weak GDP fuel growth concerns

GDP contracted by 0.1% in March, adding to stagflation fears as the UK economy feels the pressure from rising prices.

Evening Standard

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UK economy shrank 0.1% in March as inflation and Ukraine war takes toll

Risk of recession increases as economy goes into reverse, piling pressure on chancellor to offer help to struggling families

The Independent UK

Industrialisation in Tamil Nadu’s development

A closer look at the State’s manufacturing industry and its current challenges

The Hindu

GDP: UK economy shrank 0.1% in March

The figures will increase fears that Britain is heading for another recession as a result of the cost-of-living crisis

Evening Standard

UK economy shrank by 0.1% in March as cost of living crisis bites – as it happened

Calls for emergency budget grow as UK economy contracts unexpectedly in March, with consumers cutting back on spending, and car sector struggling

The Guardian - UK

COVID fuels e-commerce. In search of future opportunities

Ready for e-commerce in 2022

Bangkok Post

Taiwan’s Lost Growth (Part 1): How Far Has Taiwan’s Economy Fallen Behind Other Countries Due To Stagnant Wages?

When wages don’t grow, household expenditures and ultimately business profits stagnate as well. Here’s how this has played out in Taiwan.

The News Lens

China fights economic slump, sticks to costly 'zero COVID'

China’s leaders are struggling to reverse a deepening economic slump without giving up a “zero-COVID” strategy that shut down Shanghai and other cities

The Independent UK

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Financial Times

Can Xi Jinping vanquish Covid without crushing China’s economy?

In a crucial political year, a series of open-ended lockdowns have heaped pressure on struggling businesses

Salon

Chemists want to mine e-waste for metals

We're leaving the fossil fuel era and entering an "age of metals" — and that may mean sifting through our trash

The Independent UK

Biden mocks Trump as ‘the great MAGA King’ as he blames him for leaving US economy ‘on the brink of a Great Depression’

‘Under my predecessor, the great MAGA king, the deficit increased every single year he was president’

Bangkok Post

Depa unveils national food delivery app

The Digital Economy Promotion Agency (Depa) has launched food delivery platform eatsHUB to help small and medium-sized eateries boost their earnings through digital channels.

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Bangkok Post

Industry leaders warn of challenges ahead for Thai economy

Despite a gradual recovery projected for the tourism sector, Thailand's economy still faces a spate of challenges including the persistent pandemic and the impact of Russia's invasion of Ukraine, which has disrupted global commerce, pushed up oil prices and threatened food supplies.

The Independent UK

PM seeks to capitalise on Queen’s Speech at Cabinet away day in Staffordshire

Ministers will discuss the economy, living standards and levelling up as well as upcoming major events including the Queen’s Platinum Jubilee.

Bangkok Post

Ministry to place greater focus on global megatrends

The Commerce Ministry vows to beef up exports of products related to global megatrends, particularly in the bio-, circular and green (BCG) economy, soft power and carbon market to help rehabilitate the economy battered by Covid-19 and the Russia-Ukraine war.

Tribune News Service

Airline passenger satisfaction declines in JD Power ranking

The frustrations of congested airport terminals and crowded planes are returning on top of the lingering effects of the COVID-19 pandemic.

Bangkok Post

It's a slow recovery ahead

Thailand's economy is showing signs of improvement this year with predicted slow yet sustainable growth if all involved pitch in to help, Finance Minister Arkhom Termpittayapaisith says.

The Hindu

Letters to the Editor — May 12, 2022

Troubled Sri Lanka

The Guardian - AU

Markets turmoil and interest rate rises: the economic challenges facing Australia after the election

Soaring energy costs, stagflation fears and calls for higher wages are just some of the bumps in the road awaiting a new or returned government

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People

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