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The Latest Breaking News from Economy

During 2022, Life reviewed a large number of new automobiles and motorcycles that are for sale in Thailand. Here are our top picks.

Bangkok Post

World economy is headed for a recession in 2023, researcher says

The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Center for Economics and Business Research.

Tribune News Service

Gifts that keep on giving

Festive sentiment during the last week before New Year celebrations is considered the best opportunity for the business sector to increase sales as economic uncertainties may cast a shadow on consumer confidence in 2023.

Bangkok Post

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Give progress a chance: Embrace degrowth

Continuing to prioritise economic growth is not a recipe for being a good ancestor. Nor is it a recipe for human progress, writes Jack Santa Barbara.

Newsroom.co.nz

US slams Taliban for women's NGO jobs ban in Afghanistan

The U.S. has condemned the Taliban for ordering non-governmental groups in Afghanistan to stop employing women

The Independent UK

Kyrgyz First Deputy PM to Asharq Al-Awsat: Riyadh, Bishkek Aim to Increase Cooperation in Green Economy

Saudi Arabia and Kyrgyzstan aim to boost their comprehensive partnership amid plans to increase economic, trade, and investment cooperation in infrastructure, renewable energy, hydroelectric power, wind energy, agricultural production technology, and green economy, said First Deputy Prime Minister of Kyrgyzstan Adylbek Kasymaliev. He told Asharq Al-Awsat in Riyadh that he…

Asharq Al-Awsat

US Slams Taliban for Women's NGO Jobs Ban in Afghanistan

The US has condemned the Taliban for ordering non-governmental groups in Afghanistan to stop employing women, saying the ban will disrupt vital and life-saving assistance to millions. The Taliban takeover last year sent Afghanistan’s economy into a tailspin and transformed the country, driving millions into poverty and hunger. Foreign aid…

Asharq Al-Awsat

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India has become 5th largest economy in 2022: PM Modi in last Mann ki Baat of year

NEW DELHI: Prime Minister Narendra Modi on Sunday addressed the last Mann Ki Baat of the year 2022 and said that this year, the country had become the world's fifth largest economy.

The Times of India

Crypto is like the ‘World of Warcraft’ economy and legitimizing it with regulations would hurt the financial system, says economist

"While there's money involved, I don't think any of us would call on [regulators] to supervise online massive multiplayer games," argued Stephen Cecchetti.

Fortune

What the Fed’s December rate hike means for homebuyers and sellers

The December rate hike was the seventh bump in 2022, a year that saw mortgage rates swing wildly from 3.4% in January all the way to 7.12% in October before inching back down again.

Fortune

France's Macron says Lebanon must change leadership to break deadlock

French President Emmanuel Macron called on Lebanon to "get rid" of its political leadership who have for months blocked reforms vital to save its stricken economy. He said an international conference to offer support to the country would be organised in the coming weeks.

Radio France Internationale

Taliban Orders All NGOs in Afghanistan to Forbid Female Employees From Working

Afghanistan's Taliban-run administration on Saturday ordered all local and foreign non-governmental organizations (NGO) to stop female employees from coming to work, according to an economy ministry letter, in the latest crackdown on women's freedoms. The letter, confirmed by economy ministry spokesperson Abdulrahman Habib, said the female employees were not allowed…

Asharq Al-Awsat

Taliban bans female NGO staff, jeopardizing aid efforts

Afghanistan's Taliban-run administration on Saturday ordered all local and foreign NGOs to stop female employees from working, in a move the United Nations said would hit humanitarian operations just as winter grips a country already in economic crisis.

Reuters

Tunisia's political experiment threatens economic collapse

Tunisia’s political crisis has brought the already struggling economy closer to collapse

The Independent UK

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Bangkok Post

Businesses want cap on fuel tariff

Key business leaders have jointly called on the government to put a cap on the fuel tariff (Ft), a main component of electricity prices, for one year as another "New Year gift" to help Thailand avoid unpleasant impacts as the economy recovers.

Bangkok Post

State eyes 10m digital ID registrants

The government targets 10 million registrants for digital ID systems by the end of next year, double the current total, to improve the country's digital ecosystem, says the Digital Economy and Society (DES) Ministry.

Bangkok Post

Global economic and investment outlook for 2023

Looking at the global economy as we prepare to enter 2003, three observations stand out:

Reuters

Germany suspends measures to promote business with Iran

Germany's government is suspending state measures designed to foster business with Iran due to the repression of nationwide protests in the Islamic Republic, the economy ministry said on Friday.

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Asharq Al-Awsat

Germany Suspends Measures to Promote Business with Iran

Germany's government is suspending state measures designed to foster business with Iran due to the repression of nationwide protests in Iran, the economy ministry said on Friday. The suspension will affect export credits and investment guarantees as well as Germany's manager training and trade fair programs in Iran, the ministry…

Asharq Al-Awsat

Tunisia Seeks to Cut Fiscal Deficit to 5.5% in 2023, Led by Economic Reforms

Tunisia expects to reduce its fiscal deficit to 5.5% next year from a forecast 7.7% this year, driven by austerity measures that could pave the way for a final deal with the International Monetary Fund on a rescue package. The country has been in urgent need of international help for…

Tribune News Service

2022 reconsidered: Just how great was Texas’ job market?

This was the year the Texas economy kept crushing it. Or so we thought.

The Times of India

Global economic developments expected to complicate outlook for Indian economy: Finance ministry report

NEW DELHI: Global economic developments are expected to complicate the outlook further for the Indian economy next year and there is a need to maintain vigilance on the external front, a finance ministry report said on Friday.

Insider UK

Challenges and opportunities: Scottish businesses round-up 2022 and look ahead to 2023

We've grouped together some business leaders to take the pulse of the economy this year and make predictions for what's next

Insider UK

What's in store for the Scottish economy in 2023

We asked a range of experts to weigh in on the prospects and trends for the nation's biggest industries

Fortune

U.S. companies are turning to contractors and freelancers ahead of a recession

Companies are turning to freelancers and contractors ahead of a recession, but it's just the tailend of a gig economy boom.

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