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The Latest Breaking News from Economy

Economy contracted in October in Yorkshire and Humber

Region one of the last to see activity shrink as concerns over recession emerge

Birmingham Post

Sunak to urge G20 leaders to ‘fix weaknesses’ in global economy

The meeting of major economic powers in Bali comes amid geopolitical tensions and economic woes worsened by Russia’s invasion of Ukraine.

The Independent UK

Thailand's chance to shine

Thailand is scheduled to host the Asia-Paciﬁc Economic Cooperation (Apec) 2022 summit later this week.

Bangkok Post

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Startups Look for Ways to Bring Down the Cost of Green Hydrogen

Companies are pouring a lot of money into the idea that hydrogen can help decarbonize the fossil-fuel-based economy.

Bangkok Post

Jeremy Hunt ‘accepts picture’ of NHS on brink of collapse, but efficiencies must be found

Chancellor warns health service has to help fix UK’s broken economy despite facing ‘massive pressures’

The Guardian - UK

Climate crisis solutions may also ease global financial shocks, Albanese to tell business leaders

The prime minister will use a keynote address at the B20, a business summit alongside the G20 in Bali, to argue for a more sustainable global economy

The Guardian - AU

What does the autumn statement have in store? A poison pill for Labour

Spending cuts and tax rises will deepen the recession so the pain will be deferred until 2025 and a likely Starmer government

The Guardian - UK

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Brexit has imposed ‘costs’ on UK economy, Jeremy Hunt admits OLD

Chancellor claims EU withdrawal is not ‘the biggest issue’ holding back UK growth

The Independent UK

Al Rumayyan: Saudi Arabia Seeks 100 Years of Economic Sustainability

Governor of the Saudi Public Investment Fund Yasir al-Rumayyan said the Kingdom seeks to develop a sustainable economy that can thrive 100 years from now. He underscored Saudi Arabia’s commitment to global climate action and efforts to develop renewable energies. Rumayyan made the remarks during the opening session of the…

Asharq Al-Awsat

Truss? Brexit? Covid? Who is really to blame for the Tories’ ‘fiscal hole’?

The succession of PMs have all spoken out on who or what has caused the state of UK finances. They’re all partly right, but conveniently miss out one or two other key reasons

The Guardian - UK

Don’t be taken in by that £50bn ‘fiscal black hole’. It’s just a dodgy Tory metaphor

Drastic public sector belt-tightening is not an economic necessity but a political decision

The Guardian - UK

IMF chief warns on U.S.-China rivalry, calls Trump-era tariffs counterproductive

The head of the International Monetary Fund warned of risks to the global economy from the rivalry between China and the United States, while describing tariffs put on Chinese imports under then-President Donald Trump as counterproductive.

Reuters

Biden set to meet Xi in bid to avert a full rupture in US-China ties

The US and China disagree on so many things, across so many spheres, that other world leaders are increasingly warning of a deeper rupture that could split the global economy.

Bangkok Post

UK Economy: A crisis in the making for some time, with India trade deal offering hope

It has been anything but a smooth ride for the Rishi Sunak led UK government, with the latest official data released this week reflecting a shrinking economy and a looming two-year-long recession. Read more on Dynamite News:

Dynamite News

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Reuters

Chinese premier says economy on 'upward trend', vows further support

China's economy has grown 3% over the past three quarters and is stabilising on an "upward trend", Chinese Premier Li Keqiang said, vowing to continue to support the economy with policy measures.

Reuters

Climate protesters in Portugal storm building, urge minister to step down

Hundreds of protesters angry about the climate crisis took to the streets of Lisbon on Saturday, with dozens storming a building where Portugal's Economy Minister Antonio Costa e Silva was speaking demanding that the former oil executive resign.

Daily Mirror

'Tories are clueless on saving the NHS - it's time to let Labour fix their mess'

Shadow Health Secretary Wes Streeting says the Conservatives have wrecked the economy and the NHS, and Labour is the only party with a proper plan to get the NHS back on its feet

The Independent UK

Senate control may come down to Nevada as count nears end

Nevada's ballot count is entering its final act and may determine which party controls the U.S. Senate

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Belfast Live

Belfast restaurant's message to politicians after 'crippling' energy bill

'We need a Government who works for the people of Northern Ireland and who supports the businesses that put money back into the economy'

The Guardian - UK

Rishi Sunak faces struggle to retain both red wall and blue wall voters

Exclusive: Report reveals two sides of 2019 coalition are starkly divided over economy and cost of living policies

Reason

Biden Administration to Require Federal Contractors to Report and Reduce Greenhouse Gas Emissions

A new proposed regulation may test the limits of the Executive Branch's authority to impose regulatory requirements on federal contractors.

The Independent UK

Nevada count enters Day 4 with Senate, governorship on line

With control of the U.S. Senate on the line, Nevada’s protracted ballot count is grinding through a fourth day

Daily Mirror

Austerity 2? No, thank you! Jeremy Hunt warns about another brutal era of cuts in Budget

Another three months of falling growth would mean a recession, with the Bank of England warning it could be the longest downturn for a century

The Guardian - UK

The Guardian view on the UK economy: old folly or new folly

Editorial: Next week’s autumn statement will show if Jeremy Hunt has learned anything from George Osborne’s and Kwasi Kwarteng’s failures

The Guardian - UK

Herman Daly obituary

Pioneering ecological economist who foresaw the catastrophic effects of unlimited economic growth

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