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Prabowo must move with care in pursuit of biofuel leadership - asia.nikkei.com - Indonesia -  Jakarta

Prabowo must move with care in pursuit of biofuel leadership

Ahmad Munawir Siregar is a member of the research staff of the Purnomo Yusgiantoro Center, a Jakarta-based think tank focused on energy, natural resources and defense. Akhmad Hanan is a researcher at the center.

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Fed leaves rates steady, eyes just 1 cut in 2024 despite inflation progress - asia.nikkei.com - Washington

Fed leaves rates steady, eyes just 1 cut in 2024 despite inflation progress

WASHINGTON (Reuters) -- The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December, with officials projecting only a single quarter-percentage-point reduction for the year amid rising estimates for what it will take to keep inflation in check.

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MUNIR AHMED - Muhammad Aurangzeb - Pakistan’s new government presents its first budget as it seeks a new long-term IMF bailout - apnews.com - Pakistan -  Islamabad

Pakistan’s new government presents its first budget as it seeks a new long-term IMF bailout

ISLAMABAD (AP) — Pakistan’s new coalition government presented its first budget in parliament on Wednesday, promising an increase of up to 25% in the salaries of government employees and setting an ambitious tax collection target while talks with the International Monetary Fund about a new bailout continue.

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Contributing writer - THOMPSON CHAU - Myanmar GDP to stagnate as conscription chases away workers: World Bank - asia.nikkei.com - Burma -  Bangkok

Myanmar GDP to stagnate as conscription chases away workers: World Bank

BANGKOK -- Relentless conflict and the military's imposition of compulsory conscription are driving Myanmar's economy into a deepening crisis, according to the latest World Bank analysis.

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David E Sanger - Janet L.Yellen - U.S. Expands Sanctions on Russia as G7 Leaders Gather - nytimes.com - China - Usa - Russia -  Beijing -  Moscow - Ukraine - Italy

U.S. Expands Sanctions on Russia as G7 Leaders Gather

The Biden administration announced a series of new financial sanctions Wednesday aimed at interrupting the fast-growing technology links between China and Russia that American officials believe are behind a broad effort to rebuild and modernize Russia’s military during its war with Ukraine.

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Jenni Reid - Reuters - UK GDP flatlines as PM Sunak pins election campaign on economy - cnbc.com - Britain

UK GDP flatlines as PM Sunak pins election campaign on economy

LONDON — U.K. economic growth ground to a halt in April, according to flash figures published on Wednesday, stalling the muted rebound from last year's recession mere weeks ahead of a national election.

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Sam Meredith - Big Oil given stark warning as peak crude and a major supply surplus expected by 2030 - cnbc.com - China

Big Oil given stark warning as peak crude and a major supply surplus expected by 2030

The International Energy Agency said Wednesday that a U.S.-led surge in global oil production is expected to outstrip demand growth between now and the end of the decade, pushing spare capacity to unprecedented levels and potentially upending OPEC+ market management.

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Aidan Jones - Thai court delays decision on Move Forward Party’s dissolution case - scmp.com - Thailand

Thai court delays decision on Move Forward Party’s dissolution case

The pro-democracy Move Forward Party stunned the Thai establishment in last year’s polls by winning 14 million votes and 151 parliamentary seats.

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