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The Latest Breaking News from Economy

Is the US already in a recession? Economists and biz leaders disagree

Most Americans think the U.S. is in a recession right now.

Tribune News Service

Spending to hit 5-year high during Loy Krathong festival

Consumer spending during the Loy Krathong festival is projected to be the highest in five years, helped by the country's reopening to foreign visitors and the government's stimulus measures.

Bangkok Post

Buying These 2 Stocks Could Be the Best Move You Ever Make

With an albeit decelerating yet solid employment report for October playing into the rationale for slower yet surer hikes by the Fed, the economy seems to be on the brink of a recession. Amid an uncertain economic backdrop, It could be wise to invest in fundamentally strong stocks, Abbott Laboratories…

StockNews.com

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Can Labor provide cost-of-living relief without feeding inflation and interest rates? An expert panel responds

Anthony Albanese says the government can’t afford to provide energy payments or other relief because to do so would put even more pressure on the RBA to raise interest rates – is he right? Three economists have their say

The Guardian - AU

Hyperventilation around the workplace overhaul feels like a curtain raiser for Labor’s next thought crime – cutting emissions

When it comes to industrial relations reform, there is no interest like self interest

The Guardian - AU

The Guardian view on Brexit and the economy: time to face facts

Editorial: Denying the cost of leaving the EU keeps Britain locked in a cycle of falling living standards and rising anger

The Guardian - UK

It’s not the economy, stupid – the focus must be on people

Letter: Andrew Climo on the narrative Labour needs to establish to ensure victory over the Conservatives at the next general election

The Guardian - UK

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Midterm spending hits record $17bn as parties blame each other over the economy

‘We’re seeing record-breaking totals spent on elections up and down the ballot,’ campaign finance watchdog exec says

The Independent UK

The recession can be a chance to do things differently

Although the UK Government is dealing with critical fiscal challenges, there is no reason why it cannot also focus on wider economic policies that could help grow the economy

Birmingham Post

Carney doubles down on claims Brexit has taken a toll on UK economy

But Downing Street insists sky-high inflation is being driven by global factors such as Covid and the war in Ukraine.

The Independent UK

Mark Carney doubles down on claim that Brexit has shrunk UK economy

Former Bank of England governor Mark Carney has defended his bleak warnings that Brexit would devalue sterling and add to inflation ahead of a recession.

Evening Standard

Dow Surges 150 Points; US Economy Adds 261,000 Jobs

U.S. stocks traded higher this morning, following the release of jobs data for the month of October.

Benzinga

On the ballot in the US midterms: Economy

Rampant inflation and high interest rates have made the economy a pressing poll issue.

Al Jazeera

Labour takes inspiration from Cameron and Osborne on economic attack

Shadow ministers look to approach used by pair in 2010, but say Tories crashed economy and only Labour can save it

The Guardian - UK

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Bangkok Post

US job growth still robust

WASHINGTON: US businesses reported strong hiring and wage increases in October although the unemployment rate climbed, offering a mixed picture as Federal Reserve officials debate how long to extend their campaign to curb elevated inflation.

Tribune News Service

US jobs top forecasts, wages pick up in resilient labor market

U.S. employers added more jobs than expected in October while wages rose firmly, underscoring the resilience of the labor market despite the Federal Reserve’s aggressive efforts to cool it down.

The Independent UK

Rishi Sunak reviewing Northern Powerhouse Rail and other infrastructure projects

There has also been speculation that the Sizewell C nuclear power plant could be delayed or scrapped.

The Independent UK

US economy adds 261,000 jobs in October, unemployment rises to 3.7 per cent

Labor force participation remains below pre-Covid-19 levels

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Wales Online

Five things we know about the economy as experts predict longest UK recession on record

Not everything is as bad as it has been feared but next year looks bleak

Axios

U.S. economy adds 261,000 jobs in October as labor market stays solid

Employers continue to add workers at a robust pace as the labor market defies fears of a recession.

The Conversation

Yes, it's the economy, but the state of democracy, abortion and Ukraine loom large as issues before 2022 midterms

The 2022 midterm elections, perhaps more than most in recent American history, present voters with a multitude of pressing issues to consider as they prepare to vote. These issues range from abortion to rising inflation, energy costs to the state of American democracy.

Daily Mirror

Jeremy Hunt plots tax hike for savers and businesses as Brits face longest ever recession

Chancellor Jeremy Hunt is expected to announce tax hikes and massive cuts to public spending in an attempt to wrestle the economy back under control after Liz Truss's chaotic stint in No10

Reason

Free Trade Would Boost the Economy, But It's Not on the Ballot

Joe Biden adopted his predecessor’s protectionism, threatening our peace and prosperity.

The National (Scotland)

Brexit a key reason for UK inflation, former Bank of England boss says

BREXIT is one of the key reasons why the UK’s central bank has been forced to raise interest rates despite an oncoming recession, a former…

Bangkok Post

Upgrading smart ports to be safer and more efficient with 5G and 4L autonomous driving systems

Today, technology and the environment is a major focus area of many countries. In order to achieve carbon neutrality goals and respond to the global transition to “Green Economy and Society”, governments around the world have begun implementing new policies and harnessing innovative technologies to help upgrade existing structures and…

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