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The Latest Breaking News from Economy

China shortens quarantine times, eases flight curbs in Covid Zero pivot

BEIJING: China reduced the amount of time travelers and close contacts of infected people must spend in quarantine, a significant calibration of the Covid Zero policy that has isolated the world’s second-largest economy and raised public ire.

The Times of India

Ross Greer: Scottish Greens have the policies that will put people first

WE can’t stick to the same failed policies that brought us here. An independent Scotland must have an economy that works for both the people and…

The National (Scotland)

China's muted Singles' Day shopping fest expects slow growth

China's biggest online shopping festival, Singles' Day, is muted this year with sales numbers expected to grow slowly amid an uncertain economy and COVID-19

The Independent UK

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Mexico president talks up strong peso, warns of high interest rates

Mexican President Andres Manuel Lopez Obrador on Thursday said the Mexican peso's strength is good for the economy but warned, hours before the central bank announces its monetary policy decision, that rising interest rates can hurt the economy.

Reuters

China promises change but sticks to severe 'zero COVID' plan

Chinese leaders are promising to improve quarantine and other anti-virus policies after public frustration boiled over into protests but said they will stick to a “zero COVID” strategy that has confined millions of people to their homes and disrupted the economy

The Independent UK

The inconvenient truth of Herman Daly: There is no economy without environment

Herman Daly had a flair for stating the obvious. When an economy creates more costs than benefits, he called it “uneconomic growth.” But you won’t find that conclusion in economics textbooks. Even suggesting that economic growth could cost more than it’s worth can be seen as economic heresy.

The Conversation

Brexit backer and Next boss Lord Simon Wolfson says it was ‘definitely not the Brexit I wanted’

‘We have got people queuing up to come to this country to pick crops that are rotting in fields….and we’re not letting them in’

Birmingham Post

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Explainer-Blood, treasure and chaos: the cost of Russia's war in Ukraine

Russia's Feb. 24 invasion of Ukraine has left tens of thousands of dead, displaced millions and spread economic strife across the world.

Reuters

A Look at the Saudi Green Transition

As part of Saudi Arabia’s endeavor to build a greener future for all, the Kingdom is following a path that covers many axes, by applying the circular carbon economy model, investing in the green transition, enhancing cooperation and knowledge transfer efforts, and activating partnerships between the public and private sectors.…

Asharq Al-Awsat

From Adani to climate change: What are the issues of apple growers this election season?

The apple belt is important to Himachal Pradesh’s electoral landscape. The apple crop makes up about 13 percent of the state’s economy. Early this year, apple farmers protested against increasing prices of cartons in which they sell their apples, GST, and also big corporations like Adani ‘lowering’ the prices. We…

Newslaundry

Wall Street surges and dollar tumbles as US inflation rate drops to 7.7% – as it happened

Dollar slides and stocks rally in New York on hopes that the Federal Reserve will slow its interest rate rises

The Guardian - UK

It’s the big issue of COP27 climate summit: poor nations face a $1 trillion ‘loss and damage’ bill, but rich nations won’t pay up

The costs of climate-related disasters are growing and the poorest countries are bearing the brunt of impacts, from the unprecedented floods in Pakistan to the expanding famine in Somalia. Natural disasters in 2022 alone cost the global economy an estimated US$227 billion.

The Conversation

Bay Area job cuts widen, affecting both tech company and airline workers

SAN JOSE, Calif. — Fresh employment cuts loom over the Bay Area’s uneven economy with a loss of hundreds of jobs due to shifting business needs for an airline and retrenchments for some high-profile tech companies.

Tribune News Service

Call for stimulus as slowdown looms

The Thai economy, which is struggling to recover from the impact of the pandemic and the Russia-Ukraine war, likely faces a new slowdown as a global recession is expected next year, says the Federation of Thai Industries (FTI).

Bangkok Post

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Bangkok Post

Kiatnakin economist sees bleak scenarios for 2023

Global economic volatility next year will affect the Thai economy, especially for small and medium-sized enterprises (SMEs) that have yet to recover from the impact of the pandemic, says Supavud Saicheua, adviser to Kiatnakin Phatra Financial Group.

Reuters

Canada readies new Indo-Pacific strategy amid tense China ties

Canada will soon announce a new Indo-Pacific strategy to challenge China on human rights issues while cooperating with the world's second-biggest economy on climate change and other shared goals, Foreign Minister Melanie Joly said on Wednesday.

The Guardian - UK

Worsening health of Britons is holding back UK economy, Andy Haldane warns

RSA chief executive says century of progress now going into reverse after years of underinvestment

Benzinga

3 Food Processing Dividend Stocks That Could Benefit From Food Shortages Driven By Russia-Ukraine War

With global supply chain shortages impacting nearly every sector of the economy in the past two years, will global food shortages worsen? As the U.S.

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news in one place.

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Fortune

Disney is still on track for streaming profitability—but a storybook ending isn’t guaranteed

The worsening economy and sky-high losses add to concerns about Disney’s ability to make money off streaming.

The Independent UK

Whitmer pledges focus on Michigan economy after reelection

Democratic Michigan Gov. Gretchen Whitmer pledged to “hit the ground running” after winning her second four-year term

The Conversation

Rising unemployment: economists sometimes say it's good for the economy, but are they right?

Signs of a global economic downturn are growing by the day. Inflation is still going up, debt is up and interest rates are up, which means that projections for growth are down. Put simply, the proverbial something is close to hitting the fan.

The Independent UK

German economy to shrink in 2023, government advisers expect

The German government’s panel of independent economic advisers is forecasting that Europe’s biggest economy will shrink by 0.2% next year after growing by 1.7% in 2022

StockNews.com

3 Stocks You Can Buy to Supercharge Your Portfolio Right Now

The U.S. economy expanded in the third quarter, providing some relief amid the widespread recession fears. Moreover, with the latest job report showing an increase in unemployment, there are hopes of a slowing pace of rate hikes. We think this could be the right time to scoop up fundamentally strong…

Birmingham Post

Thousands of SMEs struggling with late payments, Sage research shows

40% of UK SMEs are consistently paid late, placing a negative impact on the whole economy

WEKU

How Bangladesh went from an economic miracle to needing IMF help

Millions emerged from poverty in recent decades. But now, rising fuel prices, weak exports and scant remittances are sabotaging growth, and Bangladesh asked the IMF for $4.5 billion in loans.

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Andres Manuel Lopez Obrador

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Bharatiya Janata Party