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The Latest Breaking News from Economy

Inflation crossroads: Where cost-of-living crisis, interest rates could go in 2023

It’s been a rollercoaster year for families as a cost of living crisis has combined with steep interest rate hikes to squeeze millions.

The New Daily

Third of world could be in recession in 2023, IMF chief warns

Kristalina Georgieva, the managing director of the International Monetary Fund, is warning that this year will be tougher than the last and that the war in Ukraine, rising inflation and higher interest rates will weigh heavily on the global economy. She expects the EU to be particularly hard hit, with…

France 24

We must back business to drive Wales forward in 2023

It is the private sector that can deliver growth and drive the UK's economy through recession

Birmingham Post

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

Some in China Return to Regular Activity after COVID Infections

Some people in China's key cities of Beijing, Shanghai and Wuhan braved the cold and a spike in COVID-19 infections to return to regular activity on Monday, confident of a boost to the economy as more recover from infections. Among those who gathered to sled or ice skate on a…

Asharq Al-Awsat

Some in China return to regular activity after COVID infections

Some people in the Chinese cities of Beijing, Shanghai and Wuhan braved the cold and a rise in COVID-19 infections to return to regular activity on Monday, raising the prospect of a boost to the economy as more recover from infections.

Reuters

Economy at risk from China's COVID wave

The treasurer says China's COVID-19 outbreak will weigh on Australian businesses, which rely on the country's customers and suppliers.

AAP

Xi warns of tough COVID fight, acknowledges divisions in China

Chinese President Xi Jinping said tough challenges remain in China’s fight against COVID-19 and acknowledged divisions in society that led to rare spontaneous protests, after weeks of silence on a virus policy pivot that’s infected hundreds of millions and delivered a severe blow to economic activity.

Tribune News Service

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2023 to be tougher for global economy than 2022, IMF chief says

IMF Managing Director Kristalina Georgieva says one-third of world’s economies expected to be in recession this year.

Al Jazeera

Macao eases COVID rules but tourism, casinos yet to rebound

Gambling haven Macao’s relaxation of border restrictions after China rolled back its “zero-COVID” strategy is widely expected to boost its tourism-driven economy

The Independent UK

Israel’s new finance minister eyes measures to boost competition

Bezalel Smotrich, Israel’s finance minister in the government of newly appointed Prime Minister Benjamin Netanyahu, will seek to boost competition in the economy as the country faces higher inflation and rising interest rates.

Tribune News Service

Digital transformation picks up

As businesses have become more engaged in their online journey, driven by the pandemic, they now need to gear up for digital transformation, including the use of cloud and automation, to be agile and competitive and to thrive in the new economy.

Bangkok Post

Lessons from a World Cup win

Much has been written, and even more has been said, about Argentina's impressive triumph in this year's World Cup tournament. Most of the media coverage, of course, has revolved around the Argentinian team's tactics and performance, the wild celebrations that followed the country's first world title win since 1986, and…

Bangkok Post

New directions for industry

The past three years have proven to be challenging for many people following the outbreak of the Covid-19 pandemic. Though the situation has improved, many businesses are still grappling with economic pressures, such as higher costs driven by inflation and higher energy prices, while concerns over climate change are motivating…

Bangkok Post

Xi warns of tough COVID fight with China economy on back foot

President Xi Jinping said tough challenges remain in China’s fight against COVID-19 and urged patience, after weeks of silence on a virus policy pivot that’s infected hundreds of millions and delivered a severe blow to economic activity.

Tribune News Service

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The Guardian - UK

UK inflation will fall in 2023 but energy bills and taxes will rise as house prices drop. Happy new year

Britain’s recession, however, will be relatively mild, although such forecasting is a mug’s game

Asharq Al-Awsat

Saudi Arabia Aims to Boost National Automotive Industry

The Saudi Ministry of Industry and Mineral Resources signed a memorandum of understanding with Hyundai Motor Company to promote the automotive industry in the Kingdom. The MoU was signed in the presence of the Minister of Industry and Mineral Resources, Bandar al-Khorayef, and the Minister of Economy and Planning, Faisal…

WEKU

Croatia rings in the New Year as a fully integrated EU member

It marked a fresh start for the small Balkan nation of 4 million that captured international attention three decades ago as the site of a brutal war that left nearly a quarter of its economy in ruins.

The Guardian - UK

The Observer view on how Britain’s crises can be fixed by a shift in political culture

Only generous-spirited, long-term approach can tackle the catastrophes of poor growth, a crumbling NHS and a dysfunctional housing market

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Tribune News Service

UK’s problems won’t go away in new year, Sunak tells Britons

LONDON — U.K. Prime Minister Rishi Sunak told Britons that the problems bedeviling the country won’t disappear in 2023, a warning that prompted the Labour Party to accuse the government of wrecking the economy.

Tribune News Service

US jobs report likely to show still-tight labor market

The latest U.S. employment report is anticipated to highlight the resilience of the nation’s labor market through 2022, despite the most aggressive pace of monetary tightening in decades.

The Independent UK

Things will get better in 2023, says upbeat Boris Johnson

The former prime minister expresses his hopes for the economy and for Ukraine in new year message but makes no mention of his ejection from No 10.

Daily Mirror

'My girlfriend hated business class - but fumed when I downgraded her to economy'

When a woman was left unimpressed with her business class experience her boyfriend decided to downgrade her - but she was not happy with the standards

Chronicle Live

How your heating bill will change with energy price cap rises from January 1

Hike will make little difference to most households, but the changes depend on how you pay your bill and the tariff you are on

WEKU

War against Ukraine has left Russia isolated and struggling — with more tumult ahead

Russia will end 2022 in a weaker global standing than when the year began. Its struggles in Ukraine surprised the Kremlin, and the global punishments are starting to hamper the Russian economy.

Al Jazeera

How Ghana, Africa’s rising star, ended up in economic turmoil

The West African nation is a major cocoa and gold exporter, so why is it battling its worst economic crisis in decades?

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