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The Latest Breaking News from Economy

Pope appeals to the young to save the planet, find peace

Pope Francis has traveled to Assisi, the birthplace of his namesake saint to deliver an appeal aimed at young people in hopes they can help save the Earth and make the world's economy more attentive to the poor

The Independent UK

Govt aims to boost economy by easing entry for intl travelers

Prime Minister Fumio Kishida announced his intention to increase the number of inbound travelers to Japan by lifting the current ban on the acceptance of individual foreign travelers from Oct. 11.

The Japan News/Yomiuri

China's digital nomads make their move

DALI, Yunnan: After a hard day’s work, programmer Richard Hao powers down his laptop in a cafe overlooking Dali’s picturesque lake and drinks in the view. Like a growing number of digital nomads in China, he’s turned his back on big-city living and moved to the tourist hub in Yunnan…

Bangkok Post

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What’s ‘stopping’ India Inc from investing in India?

Last Tuesday, finance minister Nirmala Sitharaman asked India’s corporate honchos why they were not investing in the Indian economy.

Newslaundry

EXPLAINER: Italian election only part of picking government

Sunday's parliamentary election will determine who next governs major industrial economy and key NATO member Italy

The Independent UK

Afghan children put to backbreaking work in brick kilns as economy collapses

The number of children put to work in Afghanistan is growing, fuelled by the collapse of the economy after the Taliban took over the country and the world cut off financial aid just over a year ago.

ABC News

Nigeria is producing less and less oil. Here's why

Nigeria’s oil output was at the lowest since 1990 as its crude oil production fell below 1 million barrels per day (bpd) in August 2022. And data from the Organisation of the Petroleum Exporting Countries in early September showed that Angola and Libya have overtaken Nigeria as Africa’s highest crude…

The Conversation

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Indonesia's stance on China-Taiwan conflict more about dependency on Beijing than being neutral

Indonesia’s attitude toward rising tensions between China and Taiwan suggests Southeast Asia’s largest economy is still dependent on China, fearing the loss of its closest and biggest trading partner.

The Conversation

Could we be heading toward a global recession?

It's been a rough couple of weeks on the stock market, ending recently with a warning from FedEX about a downturn in the global economy that sent shares tumbling.

Tribune News Service

The secret of the greenback's appreciation

Despite rampant inflation and slowing growth, the US dollar keeps going from strength to strength. Since May last year, the greenback has risen by 28% against the yen and 20% against the pound. In addition, it has appreciated 19% against the euro, reaching parity for the first time since 2002.

Bangkok Post

Chamber says now is the time to attract investment

Although the weakened currency affects the import sector, the Thai Chamber of Commerce sees the slide of the baht as a good opportunity for Thailand to rev up foreign investment.

Bangkok Post

Shifting into the new equilibrium

From our point of view, the global economic landscape in the fourth quarter will be very important. We believe that the coming quarter will bring a shift in the global economic picture to a new equilibrium.

Bangkok Post

What is inflationary psychology and how is it impacting our rising cost of living?

Russia, unemployment and fuel prices are contributing to rising inflation. But according to some experts, our prediction of things to come could have an impact too.

ABC News

Time is against Liz Truss as she bets big on plan to turn economy around

With an election two years away, failure could shred the Tories’ economic credibility

The Guardian - UK

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WEKU

Stock markets drop as Wall Street takes a gloomy view of the economy

The Dow dropped more than 450 points to close at the lowest level since November 2020.

Daily Record

The big gamble on tax cuts for the rich that could railroad the economy off the tracks

The Daily Record's Westminster Editor Torcuil Crichton analyses The scale and the brashness of the Tory tax-cutting budget is staggering and Scotland will not be protected from global forces that could be unleashed by massive Treasury borrowing.

The Conversation

Mini budget: will Kwasi Kwarteng's plan deliver growth?

The UK economy has been dogged by slow growth for a long time. Combined with even slower growth in productivity, it has meant virtually no increase in living standards for the average family over the past decade.

Evening Standard

Kwasi Kwarteng: Budget in full

Kwasi Kwarteng has unveiled a mini-budget that delivers billions of pound worth of tax cuts - including a surprise move to scrap the 45% top rate of income tax paid by the UK’s wealthiest. The Chancellor announced sweeping moves intended to rev up the economy in the eagerly-awaited “fiscal event”…

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StockNews.com

2 Stocks That Could Help Hedge Your Bets in 2022

Despite the Fed’s aggressive interest rate hikes, inflation continues to take a toll on the economy. With growing recession fears, it could be best to invest in Walmart (WMT) and Coca-Cola (KO), given their solid fundamentals. Also, these stocks have an impressive dividend-paying history and could help cushion your portfolio…

Birmingham Post

Chancellor's mini Budget "cautiously welcomed" by Welsh business groups

Business leaders and politicians in Wales have had their say on Kwasi Kwarteng's mini Budget

The Guardian - UK

This ‘mini-budget’ is a naked exercise in redistributing wealth upwards

Kwarteng’s borrowing spree will have ugly economic consequences, says Michael Jacobs of Sheffield University

The Independent UK

Trussonomics: Chancellor’s budget marks sharp break in economic policy

The Prime Minister sat nodding approvingly behind Kwasi Kwarteng as the Chancellor announced a multi-billion pound package of tax cuts.

Daily Record

Liz Truss and Kwasi Kwarteng's big gamble could railroad the economy off the tracks

The Daily Record's Westminster Editor Torcuil Crichton analyses Kwasi Kwarteng's mini budget that helps the wealthiest in society.

The Independent UK

Timelapse video shows planes leaving Russia as thousands attempt to flee the country

One-way economy flights sell out after Kremlin announces military mobilisation

Evening Standard

Analysis: Chancellor’s mini-budget presents Sir Keir Starmer with dilemma as UK returns to Thatcherite free market economics

The new Chancellor buried the legacy of Boris Johnson’s big spending, higher tax agenda

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