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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.

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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".

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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.

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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.

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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.

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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.

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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.

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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".

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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.

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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.