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WORLD

'Stagflation' risk as Ukraine war chokes global growth: World Bank

AFP, Published on 07/06/2022

» WASHINGTON - The global economy risks falling into a harmful period of 1970s-style "stagflation," sparked chiefly by Russia's invasion of Ukraine, the World Bank warned Tuesday as it slashed its annual growth forecast.

WORLD

UK's wounded Johnson fights on despite Tory revolt

AFP, Published on 07/06/2022

» LONDON - Britain's embattled Prime Minister Boris Johnson vowed on Tuesday to plough on with policy priorities including the economy and Ukraine, but was urged by a Conservative predecessor to quit and save the nation from further "agonies".

WORLD

Vietnam arrests minister, mayor over Covid scandal

AFP, Published on 07/06/2022

» Vietnam's police have arrested the health minister and Hanoi mayor following accusations they were involved in a US$170 million coronavirus test-kit scandal, the public security ministry said Tuesday.

WORLD

Dustin Johnson quits PGA Tour to play in breakaway series

AFP, Published on 07/06/2022

» ST ALBANS (UNITED KINGDOM) - Former world number one Dustin Johnson confirmed on Tuesday he has resigned his membership of the US PGA Tour to play in the Saudi-funded breakaway LIV Golf Invitational Series.

BUSINESS

Prayut: Central bank agrees to keep policy rate steady

Reuters, Published on 07/06/2022

» The Bank of Thailand (BoT) has told the finance ministry that it will keep its policy rate at the current level to support the economy, Prime Minister Prayut Chan-o-cha told reporters on Tuesday.

THAILAND

Arrest warrants for suspects using ambulance to smuggle speed pills

Wassayos Ngamkham, Published on 07/06/2022

» Police will issue arrest warrants for two more men and a woman suspected of smuggling 2.25 million methamphetamine pills from the Northeast into Bangkok.

THAILAND

Cabinet approves Civil Partnership Bill

Online Reporters, Published on 07/06/2022

» The cabinet has approved the Civil Partnership Bill, which allows same-sex couples to register their partnership, and legal amendments after being vetted by the Council of State.

BUSINESS

Taiwan tells US: Don't forget free trade deal

Reuters, Published on 07/06/2022

» TAIPEI: Taiwan's top trade negotiator appealed to the United States on Tuesday not to forget that the island wants a free trade deal but understands this will not happen immediately and is willing to make other agreements first as "building blocks".

THAILAND

30-day visa on arrival for Saudi visitors

Mongkol Bangprapa, Published on 07/06/2022

» The cabinet on Tuesday resolved to allow Saudi Arabian visitors to get an extended 30-day visa on arrival, to help stimulate the economy.

THAILAND

Prayut denies PPRP leadership aspirations

Mongkol Bangprapa, Published on 07/06/2022

» Prime Minister Prayut Chan-o-cha on Tuesday denied a news report that he aspired to take over the leadership of the Palang Pracharath Party from Gen Prawit Wongsuwon.