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The Latest Breaking News from Economy

FTSE 100 Live: Pound below $1.20, Ericsson layoffs, US inflation

A closely-watched consumer confidence benchmark today posted its highest reading since April as hopes build over the outlook for the UK economy.

Evening Standard

G20 tussles over Ukraine war as West steps up sanctions

Finance leaders of the world's top economies sought on Friday to bridge differences over how to deal with Russia following its invasion of Ukraine a year ago, as the West stepped up sanctions against Moscow.

Reuters

Kate Forbes most popular to succeed Nicola Sturgeon, shows poll of SNP supporters

Nearly one-third Scots favoured Forbes, putting her ahead of rivals Humza Yousaf and Ash Regan

The Independent UK

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Weekly Must-Read: Billionaire Founder of China Renaissance Goes Missing

China Renaissance reports being unable to make contact with its billionaire founder and chairman months after authorities took President Cong Lin into custody

Caixin Global

How China and India’s appetite for oil and gas kept Russia afloat

Russia’s economy has been able to weather Western-led sanctions in large part due to strong energy exports.

Al Jazeera

G20 finance leaders to gauge toll on global economy on Ukraine war's anniversary

Global finance leaders will tally the economic damage from Russia's war in Ukraine on Friday as they meet on the conflict's first anniversary with some voicing concerns that more sanctions on Moscow would disrupt a modest improvement in growth.

Reuters

Northern Ireland Protocol not very important to majority of voters, research finds

"What matters more are concerns regarding the health service, the economy and the cost of living"

Belfast Live

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Poll of SNP supporters puts Forbes ahead in race to be next first minister

Scots who voted SNP in 2021 were questioned about their views on the leadership contest.

The Independent UK

Sturgeon successor must 'think small first' on regulation

New poll shows that Kate Forbes is the most popular candidate to become the next First Minister, despite the row over her religious beliefs

Insider UK

Pakistan’s debt is a teetering house of cards

Pakistan faces a wave of problems on multiple fronts, but its growing debt can no longer be overlooked as inflation soars and foreign reserves crumble.

360info

How to end the deadly government debt spiral

COVID-19 triggered a massive increase in government debt, mainly in low-income countries. But it would be economically wrong to put all the blame on COVID.

360info

Why is the Russian economy holding up against Western sanctions?

Despite nine sets of sanctions imposed by the European Union, the Russian economy only experienced a small contraction of its GDP in 2022. The "resilience" of the Russian economy was hailed on Tuesday by President Vladimir Putin during his state of the nation address. However, certain Western observers and politicians…

France 24

The ‘free money’ tech investment era is over and the ‘old economy’ is set to become the big winner, according to Bank of America

“Bear markets have historically resulted in leadership change, which suggests old economy sectors are likely the winners of this cycle,” Bank of America equity strategist Savita Subramanian wrote Wednesday.

Fortune

Jamie Dimon says the Fed has ‘lost a little bit of control’ on inflation and the economy is facing some ‘scary stuff’

The Fed’s path to bringing down inflation is still far from guaranteed.

Fortune

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Al Jazeera

US revises down GDP for Q4 to 2.7%

The revised estimate marked a deceleration from the 3.2 percent growth rate from July through September.

The Independent UK

Democrat Tony Earl, former Wisconsin governor, dies at 86

Former Wisconsin Governor Tony Earl, who couldn’t overcome a sour economy and was turned out by voters after a single term in the 1980s, has died

The Independent UK

China's global influence worries U.S. majority: AP-NORC poll

A new poll shows that just 40% of U.S. adults approve of how President Joe Biden is handling relations with China, and a majority of them are anxious about Beijing's global influence

Manchester Evening News

Minister breaks ground on £40m government hub for 2,500 civil servants

New works will 'bring millions' into the Manchester economy

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Fortune

Nurses on strike are just the tip of the iceberg. The care worker shortage is about to touch every corner of the U.S. economy

StockNews.com

3 Surefire Stocks You Can Buy Right Now

With higher-than-expected job gain and inflation, concerns about the Fed’s tight monetary policy pushing the economy into a recession still loom large. Therefore, investors could look to buy fundamentally strong and profitable stocks, Johnson & Johnson (JNJ), Canon (CAJ), and Forrester Research (FORR). Keep reading….

Daily Mirror

Keir Starmer's 'five missions' for Britain explained - can Labour achieve them?

Labour leader Keir Starmer set out his plans for a better Britain in a major speech in Manchester. Here's what his 'five missions' for the future of the country are and whether they can be achieved

The Independent UK

Netanyahu gets funding boost under shadow of economic woes

An Israeli parliamentary committee has approved new funding for Prime Minister Benjamin Netanyahu and his family, a small but contentious boost in spending at a time when he is facing mass protests over his policies and as the economy is on shaky ground

The Independent UK

What are Keir Starmer’s five ‘missions’ for future Labour government?

Labour leader says his plan will fix ‘fundamental’ problems facing Britain and give the UK the ‘confidence’ to move forward as a country

StockNews.com

2 Oil and Gas Stocks With Major Upside Potential

Improved demand from the Chinese economy and increasing air travel have created tailwinds for the energy sector. Given this backdrop, fundamentally strong energy stocks HF Sinclair (DINO) and PBF Energy (PBF), with major upside potential, might be solid buys in 2023. Read on….

The Independent UK

Six weeks of falling applications for unemployment benefits

The number of Americans filing for jobless aid fell again last week as the labor market remains resilient in the face of the Federal Reserve’s interest rate increases meant to cool the economy

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