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The Latest Breaking News from Economy

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…

Bangkok Post

US midterms: Meeting voters along the Mississippi River

FRANCE 24 takes you on a journey through the American heartland, from the Midwest to the South, for a closer look at the issues that could decide the crucial November 8 midterm elections. Our reporter Fanny Allard met with Americans in cities along the Mississippi River to find out how…

France 24

Former Treasury minister blames Liz Truss and Kwasi Kwarteng for budget chaos

A former Treasury minister has repeatedly refused to apologise for his role in Liz Truss’s disastrous “mini-budget” which nearly crashed the economy.

Evening Standard

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Interest rate pain is consequence of Brexit, says former Bank of England governor OLD

Current financial woes ‘bear out warnings of Remain side in EU referendum’

The Independent UK

UK rail strikes suspended as RMT says employers ‘seeing sense’ and talks intensifying – as it happened

The rail union says strikes for Saturday, Monday and Wednesday have now been called off

The Guardian - UK

China-linked currencies gain on reopening hopes

Rising speculation over the easing of Covid-19 curbs in China spurred gains in currencies tied to Asia’s biggest economy on Friday.

Bangkok Post

Editorial: In the economy’s interest: Federal Reserve is right to suggest slowing rate hikes

Economies are not known for being simple things to untangle. Unlike in the physical sciences, where if you do enough calculations, you can shoot a projectile into an asteroid moving at an incredible speed 7 million miles away, the so-called laws of money deal with the hazier and less predictable…

Tribune News Service

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The Week Ahead: A confidence game in the economy and elections

It is the economy. It’s always the economy. Even when it’s not the economy, it’s the economy that drives elections.

Miami Herald

Bernie Sanders hits the campaign trail with days left before US midterms

Vermont senator holding nine rallies across five battleground states, hoping to deliver winning argument to young and working-class voters

The Guardian - US

Plans for Highland golf course backed as ‘essential’ for local economy

THE new owners of one of the biggest hotels in the Highlands have said the development of a world-class golf course at Coul Links in Sutherland is…

The National (Scotland)

High costs, economy, abortion top last Pappas-Leavitt debate

U.S. Rep. Chis Pappas has accused his Republican challenger of treating politics as a performance without offering solutions to problems, while Karoline Leavitt has accused the Democratic incumbent of being a partisan problem creator during their third and last debate

The Independent UK

USTR Tai, Mexico's economy minister discuss energy, corn exports

U.S. Trade Representative Katherine Tai discussed differences with Mexico over its energy sector and U.S. corn exports in a virtual meeting on Thursday with Mexican Economy Minister Raquel Buenrostro, the USTR said in a statement.

Reuters

Investors: Wake Up and Smell the Pain (Part 2)

How funny it was to see traders get it wrong once again. They misread the Fed announcement at 2pm ET leading to a big 1% rally for the S&P 500 (SPY). Within minutes of Chairman Powell speaking it dawned on every body that things have not gotten better...only worse. And…

StockNews.com

Govt defends foreign land ownership proposal

Interior Minister Anupong Paojinda on Thursday defended the ministry's foreign land ownership proposal, saying the move would attract investment and stimulate the economy.

Bangkok Post

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Bangkok Post

NESDC rejects NT's 5G business plan

The National Economic and Social Development Council (NESDC) has rebuffed National Telecom's (NT) 5G business plan to capitalise on the 700-megahertz spectrum range, according to a source at the Digital Economy and Society (DES) Ministry.

Daily Mirror

Why has the Bank of England hiked interest rates? All your questions answered

The Bank of England issued a gloomy warning that the economy could fall into eight consecutive quarters of negative growth if current market expectations prove correct

Tribune News Service

StockX issues another round of layoffs, the second since June

DETROIT — Detroit-based StockX has laid off more employees as it faces the challenges of a struggling economy. This is the second round of layoffs since June for the online resale platform.

Liverpool Echo

Everything you need to know about today's Bank of England warning

The Bank of England have announced today that the UK is facing its longest recession since the 1920s, but what does that actually mean?

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The Independent UK

White House holds firm on US avoiding recession as economy looms over midterms

‘We do not see it going into recession,’ White House says

The Independent UK

Voices: Republicans have convinced voters inflation is Biden’s fault — even though they have no plan to solve it

Polls show that the GOP has successfully managed to make inflation a deciding issue, without having a clear policy for combating it. What this implies about the future is scary

Benzinga

Five Ways To Save Money In A Recession

The economy and a recession are at the forefront of voters’ minds as the U.S. heads into the midterm elections in a few days. Most voters think the U.S.

The Guardian - UK

Bank of England warns of longest recession in 100 years as it raises rates to 3%

UK economy faces ‘very challenging outlook’ with recession now expected to last until middle of 2024

ABC News

Centrelink a barrier to Australian pensioners filling skills gaps, advocates say

Advocates say the barrier of Centrelink penalties is keeping the "grey economy" away from the workforce, despite moves in the budget to fix the problem.

Axios

Amazon pauses hiring for its corporate workforce

It said the hiring freeze is in response to the economy being "in an uncertain place."

The Guardian - UK

It may sound paradoxical, but Britain needs to spend its way out of recession

Cutting during a recession has been long discredited, says Guardian columnist Polly Toynbee

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