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The Latest Breaking News from Economy

Kevin McCarthy’s concessions to far-right Republicans risk tanking the global economy

The US defaulting on its debt would risk tanking the US and global economy

The Independent UK

If economy slows, Stellantis' Belvidere plant, others could be at risk

The CEO of the maker of Jeep SUVs said if the economy and consumer demand worsen, that could be bad news for its Cherokee plant in Belvidere, Illinois, and perhaps other manufacturing facilities.

Tribune News Service

Australian consumers look for an escape

Australians are feeling pessimistic about the economy but a new survey shows it's not stopping them from spending.

AAP

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Americans are already pessimistic about how the year will go

So much for the roaring 2020s. U.S. adults are already out on 2023 and expecting the worse, especially when it comes to work and the economy.

Fortune

India’s economic growth to slow to 7%, government forecasts

India remains a relative ‘bright spot’ in the world economy, but weak exports are expected to hamper its growth.

Al Jazeera

3 Growth Stocks to Buy Now and Hold All of 2023

Amid slowing interest rate hikes and the economy possibly avoiding a recession this year, growth stocks could stage a recovery. Hence, fundamentally strong growth stocks Raytheon (RTX), Archer-Daniels-Midland (ADM), and Celestica (CLS) could be solid buys now. Read on….

StockNews.com

Germany backs Norwegian plan to capture carbon from cement

Germany's economy minister Robert Habeck threw his weight behind a Norwegian project to capture carbon emissions and re-use them being carried out by multinational HeidelbergMaterials.

Reuters

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US hiring solid while wages cool, giving Fed room to slow hikes

The U.S. labor market stayed strong last month and wage gains cooled, boosting hopes the economy will dodge a recession and giving the Federal Reserve room to slow interest-rate hikes.

Tribune News Service

Rishi Sunak’s anti-strike legislation is an assault on democracy itself

The fundamental problem in Britain today isn’t strikes, it’s an economy that makes strikes necessary, says Ronan Burtenshaw of Enough is Enough

The Guardian - UK

U.S. adds 223,000 jobs in December, capping a strong year for the labor market

The labor market is still chugging along with healthy demand for workers.

Axios

Global economy 2023: why there will still be plenty of pressure on food prices in the year ahead

Welcome to this special report on the food industry, the fourth instalment in our series on where the global economy is heading in 2023. It follows recent articles on inflation, energy and the cost of living.

The Conversation

California Continues Chasing People Away

California's economy is growing despite Gov. Gavin Newsom's policies, not because of them.

Reason

GDP growth in 2022-23 seen at 7%: NSO’s advance estimates

NEW DELHI: India’s gross domestic product (GDP) growth is estimated at 7% for 2022-23 on the back of a rebound in services and farm sectors but may face strong headwinds in the months ahead due to the geopolitical situation and possible recession in several countries across the globe.

The Times of India

What awaits Ukraine in 2023?

Ukrainians are confident they will win the war, but fears of a renewed Russian offensive in 2023 are growing.

Al Jazeera

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The Japan News/Yomiuri

Kishida looks ahead to tackling economic, constitutional issues

How will Prime Minister Fumio Kishida deal with mounting challenges, both domestic and global? The Yomiuri Shimbun Political News Editor Shinichi Murao interviewed him about defense, the economy, diplomacy and more.

Axios

Layoffs are the tech industry's new normal

Tech was never immune from forces in the broader economy, and Silicon Valley has always followed a boom-bust rhythm.

Fortune

CEO Daily: An earlier COVID peak could be good for China's economy

Investors seem convinced that China's economy is turning a corner after Beijing's COVID-zero policy dragged down growth.

Birmingham Post

Twenty years as a columnist scrutinising the Welsh economy and decision-makers

My first column for the Western Mail newspaper was back in January 2003

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Asharq Al-Awsat

Samsung’s Quarterly Profit Plunges to 8-Year Low on Demand Slump

Samsung Electronics Co Ltd flagged on Friday its quarterly profit tumbled by two-thirds to an eight-year low as a weakening global economy hammered memory chip prices and curbed demand for electronic devices. The dismal profit estimate by the world's largest memory chip, smartphone and TV maker - a bellwether for…

Newcastle Herald

Countdown to Rocket Man launch - stadium ready for Elton

McDonald Jones Stadium venue manager Dean Mantle said Sir Elton John's concerts will be a "huge test event" that should lead to more major shows in Newcastle. A crowd of more than 28,500 is expected to pack into the Broadmeadow venue on Sunday, and again on Tuesday, as the rock…

Caixin Global

Weekly Must-Read: China’s Road to Economic Recovery Faces Post-Covid Speed Bumps

Policymakers are now squarely focused on reviving the economy. But some analysts warned against ‘excessive optimism’ about when pre-pandemic growth rates will return

Daily Record

MSP vows cycling event will have 'lasting legacy' in Scotland

MSP for Edinburgh Central Angus Robertson says hosting the world's largest such event will boost the economy.

Reuters

Pandemic blows hole in Australia population goal but migration recovering

The COVID pandemic has blown a million-person hole in Australia's population projections in a challenge for an economy that has relied on having more consumers to drive growth, though a speedy recovery in migration promises to soften the blow.

Bangkok Post

Cabinet approval to be sought for NT's 5G project

The Digital Economy and Society (DES) Ministry plans to seek approval from the cabinet next week for National Telecom's (NT) 5G business project worth 12 billion baht, capitalising on the 2.6-gigahertz spectrum range.

AAP

Rebound in migration figures 'optimistic'

The Australian government expects migration numbers to bounce back but troubling economic conditions and other uncertainties could weigh on migration.

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