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The Latest Breaking News from Economy

U.S. economy adds 311,000 jobs in February

The unemployment rate edged up to 3.6% from 3.4% — still historically low.

Axios

Women need help and encouragement to be entrepreneurs

£250bn could be added to the UK economy if women matched men in starting and scaling businesses

Birmingham Post

Saudi Economy Registers Highest Growth among G20 Countries

Saudi Arabia’s gross domestic product (GDP) grew by 8.7 percent in 2022, registering the highest growth rate among the G20 countries, despite the complex economic conditions and challenges facing the world. This rise has exceeded the expectations of international organizations, which have estimated the Saudi GDP to increase by 8.3…

Asharq Al-Awsat

From analysis to the latest developments in health,
read the most diverse news in one place.

Bill Ackman thinks the government should consider SVB bailout

The founder of Pershing Square Capital Management said the collapse of Silicon Valley Bank "could destroy a long-term driver of the economy."

Fortune

Economic growth of sorts, but UK plc is going nowhere

GDP is likely to edge sideways in 2023 (if that) but the true impact of rising interest rates has yet to be felt

The Guardian - UK

UK’s economy returns to growth after rebound in entertainment and transport

The Office for National Statistics said the economy grew by 0.3% in January, following a sharp 0.5% decline in December.

The Independent UK

UK economy rebounds to grow by 0.3% in January

Chancellor coming under pressure from some Tory MPs to cut taxes in a bid to boost growth

Evening Standard

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FTSE 100 Live: Silicon Valley Bank UK insolvency amid US collapse, blue-chip shares lowest since January

The UK economy grew by a better-than-expected 0.3% in January, figures from the Office for National Statistics showed today, but shares were down amid questions about the future of Silicon Valley Bank.

Evening Standard

UK economy rebounds as Jeremy Hunt finalises budget

January GDP growth of 0.3% bigger than expected, driven by education, health and recreation sectors

The Guardian - UK

US adds 311,000 jobs in February; UK economy returns to growth; regulators take over Silicon Valley Bank – as it happened

UK economy has proved ‘more resilient than many expected’ says chancellor Jeremy Hunt, while problems at Silicon Valley Bank knock FTSE 100 down 2%

The Guardian - UK

Is inflation still surging? Jobs report will provide clues

A month ago, the government dropped a bombshell jobs report that showed that America’s employers added a sizzling half-million-plus positions in January — twice the December gain and far more than economists had expected

The Independent UK

Attacks on the SNP's record from candidates are self-serving indulgence

I STILL remember the hopes of a new politics for a new Scotland expressed amid the joy and optimism surrounding the re-establishing of the Scottish…

The National (Scotland)

Rising debt but 'strong growth' in Victorian economy

Victoria's treasury and finance department has released its latest report on the state's economy, showing debt is rising but so is revenue.

AAP

Starmer vows to put Scottish innovation at ‘heart’ of economy

The Labour leader is visiting Glasgow to lay out his party's plans for business

Insider UK

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The National (Scotland)

Mhairi Black blasts 'zero credibility' Keir Starmer ahead of Glasgow visit

KEIR Starmer has been told he has “zero credibility” talking about Scotland’s economy ahead of a Glasgow this week.

Bangkok Post

Consumer confidence reaches three-year high

Consumer confidence increased for the ninth straight month in February, boosted by recovering tourism, government stimulus measures, and the baht's weakness.

Bangkok Post

Arkhom predicts potential growth of 4-5%

The potential growth rate of the economy is 4-5%, says Finance Minister Arkhom Termpittayapaisith.

The Conversation

Economic growth doesn't have to mean 'more' – consuming 'better' will also protect the planet

Around 30 years ago, many developed countries started a process of absolute decoupling of their emissions of CO₂ and energy use from economic growth. This means keeping emissions stable, or better yet, shrinking them, while still growing the economy.

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news in one place.

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Daily Mirror

Airline introduces paper plates in premium class and passengers are absolutely livid

Singapore Airlines has received a lot of pushback from some of its customers after the company released service wear made of Forest Stewardship Council-certified paper

StockNews.com

2 Penny Stocks Worth Betting on in 2023

With inflation still high and the jobs market showing resiliency, the Fed will likely raise interest rates higher than anticipated. This might push the economy into a recession. Despite the uncertainties, investing in fundamentally strong penny stocks Nokia (NOK) and trivago (TRVG) could be worth it now. Keep reading.

Tribune News Service

Land values push higher on Vegas Strip after plunging in recession

When casino giant Genting Group bought a mothballed project site on the north Strip a decade ago, it sparked hopes for a sleepy section of Las Vegas Boulevard.

StockNews.com

3 High-Quality Stocks to Buy Now and Hold for the Next Decade

With the Fed extremely likely to raise the benchmark interest rates higher than envisaged by policymakers, the economy and the stock market are expected to remain under pressure. Amid the uncertainty, it could be wise to invest in high-quality stocks Visa (V), Novo Nordisk A/S (NVO), and Autodesk (ADSK) for…

Fortune

I chair the investment committee of America’s second-largest pension fund. Here’s why savvy investors back the SEC’s proposed ESG disclosure rules

Many shareholders are concerned with mitigating risk and contributing to the sustainable value of their investments for their beneficiaries.

Evening Standard

OPINION - It’s blindingly obvious what is needed for growth

If you find the world a bit depressing these days, then for goodness’ sake don’t read the (excellent) new report by the Centre For Cities about London’s economic malaise. I’ve just pored over it, and I’m now about as happy as one of Dominic Raab’s secretaries.

Asharq Al-Awsat

SDRPY Shares Sustainable Development Experience in Yemen at UN Conference in Qatar

Officials from the Saudi Development and Reconstruction Program for Yemen (SDRPY) are taking part in the 5th UN Conference on the Least Developed Countries being held in the Qatari capital, Doha. Besides sharing the organization’s development experience in Yemen, SDRPY officials affirmed that the program would continue supporting initiatives and…

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