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The Latest Breaking News from Economy

Why China’s shrinking population is a big deal -- counting the social, economic and political costs of an aging, smaller society

Throughout much of recorded human history, China has boasted the largest population in the world – and until recently, by some margin.

The Conversation

Davos 2023: Germany's Scholz upbeat on energy, warns on deglobalisation

Germany's energy supply for this winter is secure, Chancellor Olaf Scholz said on Wednesday, adding that the ability of Europe's largest economy to swiftly wean itself off Russian gas has shown how flexible and speedy it can be.

Reuters

Will GOP blow up the world's economy?

Yes, the debt-ceiling fight is a boring, pointless political ritual — but the risk this time is off the charts

Salon

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Ministers hope Chancellor Jeremy Hunt will unveil tax cuts in the autumn before 2024 election

Ministers hope Chancellor Jeremy Hunt can announce tax cuts in the autumn ahead of a General Election a year later.

Evening Standard

LinkedIn: Economic fears aren’t enough to stop employees jumping ship in 2023

Workers said they felt confident in their ability to find a new job, despite an uncertain economy.

Fortune

I hope the latest government funding for ferries is the last – Swinney

Deputy First Minister responded to questions from the Economy and Fair Work Committee

Insider UK

Rail strikes cost UK £1bn and settling would have been cheaper, minister admits

Huw Merriman insists the need for reform to working practices made the standoff necessary

The Guardian - UK

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Why China's growth and population declines matter

The post-COVID world economy could be different from the one we've come to rely on.

Axios

Goldman Sachs CEO: 'We tried to do too much, too quickly'

David Solomon called the firm’s fourth-quarter results “disappointing" and shared his thoughts on the economy during the earnings call.

Fortune

Union Budget 2023-24: State of Indian economy

NEW DELHI: Finance minister Nirmala Sitharaman is all set to present her fifth Union Budget on February 1. This will be the last full year budget of the Modi 2.0 government before the general elections in 2024.

The Times of India

IMF: Saudi Arabia Playing Important Role in Energy, Food Security

International Monetary Fund (IMF) Managing Director Kristalina Georgieva underscored on Wednesday the important role Saudi Arabia is playing in energy and food security. “Saudi Arabia takes its good fortunes to heart to play an important role in energy and food security,” she said at the World Economic Forum in Davos.…

Asharq Al-Awsat

Editorial: If McCarthy won’t defend the global economy, Biden and Yellen must

Fast forward to this fall. Americans are thinking about Halloween costumes or how their kids are faring in the new school year, but one more pressing and widespread concern occupies the nation’s minds: the collapsing global economy, which has been spinning out with no signs of slowing, leading to heavy…

Tribune News Service

Saved from Death at Sea, Syrian Refugees Face Deportation

On New Year’s Eve, a small boat carrying more than 230 would-be migrants, most of them Syrians, broke down and began to sink after setting sail from the northern coast of Lebanon. Since the collapse of Lebanon's economy in 2019, an increasing number of people — mostly Syrian and Palestinian…

Asharq Al-Awsat

Trade, investment key to peaceful Pacific

Former foreign minister Julie Bishop has told an international forum Japan would have greater credibility as a regional leader if it reformed its own economy.

AAP

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Asharq Al-Awsat

What’s at Stake in Türkiye’s Upcoming Elections?

President Recep Tayyip Erdogan is aiming to extend his 20-year rule in elections that will decide not just who leads Türkiye but how it is governed, where its economy is headed and what role it may play to ease conflict in Ukraine and the Middle East. The presidential and parliamentary…

Reuters

Davos 2023: Marcos says Philippines to resist 'recessionary forces'

Philippines President Ferdinand Marcos Jr said his country would resist global recessionary headwinds, but warned that increasing tensions in the South China Sea were harming trade.

Al Jazeera

As economic crisis deepens, will Egypt slow megaprojects down?

The IMF announced an ambitious reform programme for Egypt’s economy, but analysts cast doubt on its effectiveness.

Reuters

Explainer-What's at stake in Turkey's upcoming elections

President Tayyip Erdogan is aiming to extend his 20-year rule in elections that will decide not just who leads Turkey but how it is governed, where its economy is headed and what role it may play to ease conflict in Ukraine and the Middle East.

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The Independent UK

US-China officials to meet on economy, aim to ease tension

U.S. Treasury Secretary Janet Yellen is set to sit down with her Chinese counterpart in Switzerland on Wednesday

Businessweek

It’s a Business Free-for-All in a Russia Transformed by Sanctions

In Putin’s “mobilization economy,” entrepreneurs find creative ways to meet demand, like converting Krispy Kreme into Krunchy Dream, Starbucks into Stars Coffee.

Reuters

China's Xi frets about COVID in rural areas, sees 'light ahead'

President Xi Jinping said on Wednesday he was particularly concerned about China's COVID-19 wave spreading to rural areas with poor medical facilities but he urged perseverance in stressful times, saying "light is ahead".

StockNews.com

KISS Investing in 2023

The S&P 500 (SPY) seems to be on the verge of an important breakout. Some even think the new bull market has already arrived. 40 year investment veteran, Steve Reitmeister, says “rubbish”. His latest market commentary below explains why including a game plan to generate gains even as the market…

The Times of India

Microsoft to layoff thousands of workers, says report

NEW DELHI: Microsoft employees are facing yet another bout of job cuts, as tech giants continue to pare staf amid persisting challenges to global economy.

Newcastle Herald

Brewery chasing votes to push Newcastle-made beer to the top of the Hottest 100

It's hard to believe: there is not a Newcastle beer on the current GABS Hottest 100 Craft Beers list. But that could all change this year. Jaz Wearin, founder of Modus Operandi Brewing, is on a mission to get the brewer's Cerveza beer voted on to the annual 2022 GABS…

Tribune News Service

In wide-ranging interview, Scholz discusses war in Ukraine, Germany's economic outlook

Chancellor Olaf Scholz said he’s sure Germany will avoid a recession this year, offering reassurance for Europe’s largest economy as it faces down Russia’s energy squeeze.

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