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The Latest Breaking News from Economy

Nepal voters seek change, younger generation leadership

Nepal's parliamentary elections Sunday are the fourth since the Himalayan nation abolished a centuries-old monarchy and became a republic

The Independent UK

Russia falls into recession as Western sanctions lead to a 4% fall in GDP

Russia has plunged into a recession after its economy shrank by 4% in the most recent financial quarter, with the effects of Western sanctions on trade now taking hold

Daily Mirror

Population in the US: as small towns shrink, is immigration the answer?

If a growing population is necessary for a healthy US economy, the country may have to rely on immigration to deliver it

The Guardian - UK

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In Malaysia election, economy is priority for voters tired of instability

Malaysian livestock and animal feed trader Zamri Haron lost 400,000 ringgit ($87,241.00) in heavy rains and floods last December that damaged his equipment and spoiled his stocks.

Reuters

Billionaire investor Barry Sternlicht used to think Jerome Powell’s Fed would threaten capitalism—now he calls its rate hikes ‘suicide’

The Fed doesn’t appear to understand the ramifications of what they’re doing,” Sternlicht said.

Fortune

America is heading for a soft landing while the U.K. is expecting its worst decline in living standards—ever

Americans are fretting over an expected recession, but the economy is in many ways strong. Things are gloomier in the U.K.

Fortune

Thailand's EEC is an opportunity not to be missed

This is a special year for our region. This month, Southeast Asian capitals play host to three major summits. Cambodia hosted the Asean Summit from Nov 10-13 and the G20 Summit has just been held in Bali, Indonesia. This weekend, Thailand hosts the annual leaders' summit of the Asia Pacific…

Bangkok Post

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Industrial umpire scraps Svitzer lockout

The Fair Work Commission has stepped in to ensure a port lockout by tugboat operator Svitzer cannot go ahead for six months, as a pay dispute continues.

AAP

Scottish Chambers president urges ‘economic coalition’ between business and political leaders

First Minister addresses annual event by promising to work with businesses to benefit the wider economy

Insider UK

UK won’t drag Ireland into a recession – Varadkar

Ireland’s deputy premier Leo Varadkar said the Irish economy was decoupled from the UK’s a long time ago.

The Independent UK

3 Consumer Stocks to Buy and Hold for Years

Although inflation has shown some signs of cooling, rate hikes are expected to continue. The consecutive rate hikes could tip the U.S. economy into a recession. As consumer staples face a stable demand, Coca-Cola (KO), Constellation Brands (STZ), and Lifeway Foods (LWAY) could be solid buys for the long run…

StockNews.com

US jobless claims retreat slightly, hovering near historic lows

Applications for U.S. unemployment insurance unexpectedly fell slightly last week and remained near historic lows, showcasing the strength of the labor market as other parts of the economy cool.

Tribune News Service

The pain may be partially postponed, but Hunt’s statement will win him few friends

Analysis: with half of all British households set to be worse off next year, many Tory MPs fear voters will turn against them

The Guardian - UK

Pay more tax, get less in return: this budget lays bare the bleak reality of Britain’s economy

Jeremy Hunt didn’t mention that living standards may fall by 7% over the next two years, leaving many people treading water, says Guardian columnist Gaby Hinsliff

The Guardian - UK

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StockNews.com

1 Defensive Stock Under $5 to Buy This Week

Despite a slight decline in inflation, the Fed is expected to keep interest rates high, which could tip the economy into a recession next year. Consumer staples businesses like beverages are considered defensive as they witness stable demand amid weak economic conditions. Hence, fundamentally sound beverage maker Ambev (ABEV), trading…

Reason

Republicans Need an Actual Plan To Grow the Economy

The biggest beneficiaries of economic growth are poor people. But the deepest case for economic growth is a moral one.

Fortune

The market is watching the Fed like a hawk to see when it pivots. Too bad the Fed is split on what to do

Fed official James Bullard says interest rates have to go even higher to bring down inflation, while others disagree.

Daily Mirror

'Tories have decided working people will pay the bill for them crashing economy'

In an article for the Mirror, Shadow Chancellor Rachel Reeves said the government expects ordinary people to pay the price – with stealth taxes on working people, and tax breaks for the banks.

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Bangkok Post

Digital Economy Gives New Impetus to Deepen Sino-Thai Relations

Nowadays, facing the overlapping impact of a great change that has not happened in a century and the pandemic of the century, the international situation is complex and turbulent, and all countries in the world are facing new problems and challenges in their developments.

The Independent UK

Autumn statement 2022: Grim historic milestones facing the UK economy

Living standards are set to slump back to levels last seen in 2013/14.

Birmingham Post

'No pain, no gain' - West Midlands reacts to Autumn Statement as firms call for more levelling up and hospitality support

Firms welcome Jeremy Hunt's ambition for UK innovation

Chronicle Live

'It is arrogant and offensive': North East disappointment following the Autumn Statement

The Chancellor Jeremy Hunt's Autumn Statement included announcements about tax, stamp duty and the NHS

Fortune

Australian mining billionaire contributes $740M to rebuild Ukraine

Australian mining magnate Andrew Forrest is predicting a “golden era” for Ukraine with some help from his fund, the Ukraine Green Growth Initiative.

Wales Online

How long will the UK recession last and other top questions about the autumn statement answered

Chancellor Jeremy Hunt’s autumn statement has caused a spike in Google searches about the economy

The Conversation

Autumn statement 2022: experts react

UK chancellor Jeremy Hunt laid out his plans for the British economy today. The statement was made against a backdrop of a more than 40-year inflation high and recession warnings from the Bank of England.

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