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The Latest Breaking News from Economy

In the global race to dominate green technology, Britain is still tying its shoelaces

As the US, China and now the EU compete for the fruits of the green economy, the UK is hamstrung by Tory dogma, dither and delay

The Guardian - UK

Weed in South Africa: apartheid waged a war on drugs that still has unequal effects today

Cannabis is being commercialised into a multibillion-dollar global industry and South Africa wants a piece of the pie. In his 2022 state of the nation address, President Cyril Ramaphosa spoke of developing a hemp and cannabis sector to boost the post-COVID economy.

The Conversation

Trade down, economy sinking, support falling: is the tide finally turning on Brexit?

Three years on, Bregret hits home in Britain. For the EU, though, life has moved on

The Guardian - UK

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Higher interest rates, falling home prices and real wages, but no recession: top economists' forecasts for 2023

Australia’s Reserve Bank is set to push up rates once again at its first meeting for the year on Tuesday, according to all but two of the 29 leading economists surveyed by The Conversation at the start of 2023.

The Conversation

The EU’s ban on Russian diesel won’t really stop fuel flows

For decades, a steady stream of ocean tankers has filed back and forth between a small cluster of ports in northwest Europe and the Baltic Sea. Typically, each would bring about 40 million liters of diesel to help keep Europe’s economy humming. Starting Sunday, that will be banned — along…

Tribune News Service

Industry president urges long-term fix to PM2.5

The president of the Federation of Thai Industries (FTI) is urging the government to speed up solving the Bangkok's PM2.5 problems in the long term, fearing that if the situation remains unchanged, it affect the economy and tourism.

Bangkok Post

System operator predicts Bluewaters, Australia's newest coal-fired power plant will close by 2029

WA's only privately owned coal-fired power station to close "before 2030" under plans that would bring the curtain down on the fuel's use in the state's economy.

ABC News

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'Striking firefighters and ambulance workers get blamed for the mess Tories got us in'

This Government has tried so hard to contribute to the economy, jokes Mark Steel. Nadhim Zahawi went as far as having to pay a £1million penalty when he got caught not paying his tax

Daily Mirror

Bullish or Bearish or BOTH???

The stock market (SPY) is becoming more complicated by the day. Bulls make a good case given the recent rally. But so do the bears given the clear weakness in the economy pointing to recession. Who is right? And how best to trade the market in the weeks and months…

StockNews.com

How to watch Joe Biden’s State of the Union address

President expected to discuss police reform, economy and Ukraine war

The Independent UK

Robberies surge as criminals take advantage of South Africa's power outages

The acute energy crisis in South Africa has adversely affected all aspects of the society. Regular and lengthy power outages – which started in 2007 are also contributing to an escalation in the levels of criminal activity, especially street crime. The most recent quarterly crime statistics – have undermined an…

The Conversation

State of the Union: Biden sees economic glow, GOP sees gloom

Going into Tuesday’s State of the Union address, President Joe Biden sees a nation with a glowing economic future

The Independent UK

Markets are surging as fears about the economy fade. Why the optimists could be wrong

The markets have rallied this year as investors believe inflation will continue to ease and that the economy will avoid a recession – but it could end in tears.

WEKU

ASEAN Ministers Urge Myanmar Junta to Implement Agreed Peace Plan

Southeast Asian ministers at the end of two-day talks in Indonesia on Saturday urged Myanmar's junta to implement a five-point peace plan agreed two years ago to create a path towards ending the country's political crisis. Indonesia -- Southeast Asia's biggest economy -- is the chair of the 10-member Association…

Asharq Al-Awsat

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Nottingham Post

Wife 'goes nuts' after husband lies about booking her and son premium tickets on long-haul flight

He will be travelling in business class, though

Bangkok Post

Novel pact expected to create village digital volunteers

The Office of the National Digital Economy and Society Commission (ONDE) has signed a memorandum of understanding (MoU) with nine organisations to create digital volunteers to promote accessibility and understanding of digital technology for local communities nationwide.

The Independent UK

How to watch Joe Biden’s State of the Union address

President expected to discuss police reform, economy and Ukraine war

The Independent UK

Watch: Biden and Harris give update on US jobs and economy

Joe Biden and Kamala Harris delived an update on the current state of the US economy and job developments.

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StockNews.com

2 High-Flying Growth Stocks to Buy Now

As inflation continues to ease, the Fed recently raised interest rates by 25 bps, lower than its December hike of 50 bps. With the continued slowdown in rate hikes and the economy moving in the right direction, a soft landing for the economy looks increasingly possible to most analysts. Hence,…

Fortune

January’s ‘eye-popping’ jobs report is going to make the Fed’s inflation battle even harder

“Unless this labor market strength turns out to be a one-month blip…the Fed is likely to dig in and keep rates higher for longer,” BMO Wealth Management’s chief investment strategist, Yung-Yu Ma, said.

The Guardian - UK

Slowing economic growth and a FTSE record high can coexist – here’s how

The blue-chip Footsie has closed at an all-time high while the UK’s economy is set to shrink

Birmingham Post

Managing inflation is now crucial for the future of economy and society

After being disregarded for so long, managing inflation will be hugely important to the future of the UK’s economy and society

Daily Mirror

Man books first-class flights for him and pal - but leaves wife fuming in economy

After kicking up a fuss that her husband had booked her economy airplane seats while he and his pal are flying luxury in first-class, a woman was slammed for being 'entitled'

Chicago Sun-Times

US adds a surprisingly strong 517,000 jobs despite Fed hikes

January’s gains were broad-based across industries. A category that includes restaurants and bars added 99,000 jobs. Professional and business services jobs, including bookkeepers and consultants, rose by 82,000.

France 24

Canary Islands: La Palma volcano goes silent, but anger rumbles on

After lying dormant for half a century, the Cumbre Vieja volcano on La Palma, in Spain's Canary Islands, suddenly exploded in a river of fire on September 19, 2021. The eruption lasted for 85 days. No one was killed, but more than 1,000 homes were destroyed, as well as 70…

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