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The Latest Breaking News from Economy

UK ‘still at risk of recession’ despite July rebound; markets lifted by Ukraine’s advances – business live

UK economy expanded by 0.2% in July, less than hoped, with growth driven by customer-facing services such as the sports and recreation sector

The Guardian - UK

Ministry asks cabinet for big data overhaul

The Digital Economy and Society (DES) Ministry has moved forward with its plans to establish the National Big Data Institute (NBDi) as a major provider of data analytics, and is now seeking approval for the venture at the next cabinet meeting.

Bangkok Post

Economics in the new age of national security

The global economy has entered a new age of national security. The Covid-19 pandemic highlighted the vulnerability caused by overreliance on global supply chains and the failure of coordination in tackling global health risks. But what has really ushered in this new era is Russia's unprovoked invasion of Ukraine and…

Bangkok Post

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read the most diverse news in one place.

Corporate Australia just received a glowing profit report card, but the outlook is not as rosy

Reading between the spreadsheet lines, the annual earnings season gave a few hints of what is to come for corporate Australia and the broader economy over the next year.

ABC News

Fragile state of UK economy scrutinised as nation mourns

GDP, inflation and retail sales figures due to be released over next few days

The Guardian - UK

After oil: what Malaysia and Iran may look like in a post-fossil-fuel future

As the devastation of climate change makes the need to decarbonise clearer by the day, countries face the question of what to do with their old fossil fuel infrastructure. While some environmental activists have taken to sabotaging the carbon economy on the back of its emissions in the Global North,…

The Conversation

Liz Truss can learn from the progress of second Elizabethan age, not its failures

The cost of living, as now, was the focus for households when the Queen came to the throne in 1952

The Guardian - UK

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Can Germany’s economy minister keep the lights on this winter?

Memories of postwar squalor revived by Vladimir Putin’s shutting down of Nord Stream 1 pipeline

The Guardian - UK

India to be fastest growing major economy in the world in 2023 with at least 7% growth, says Jaishankar on Riyadh visit

Mr. Jaishankar arrived September 10 for a three-day visit to Saudi Arabia to discuss ways to further strengthen relations between the two countries.

The Hindu

India stays out of trade pillar in U.S.-led Indo-Pacific Economic Framework

India has decided to stay out of the joint declaration on one of the four pillars or the trade pilla

The Hindu

'A Necessity': Lebanon's Forced Conversion to Solar

Thanks to solar energy, residents of the northern Lebanese village of Toula are finally able to enjoy ice cream again -- a treat in a sun-baked country plagued by power cuts. Lebanon's economy collapsed in 2019 after decades of corruption and mismanagement, leaving the state unable to provide electricity for…

Asharq Al-Awsat

Must make India global innovation hub in next 25 years: PM

NEW DELHI: Prime Minister Narendra Modi on Saturday said science should be at the centre of policy-making and stressed that the Centre and states have to “cooperate and collaborate” with the scientific community to frame modern policies that meet local needs such as affordable housing, promote climate-resilient agriculture and boost…

The Times of India

Lebanese Caution after Hochstein Lauds ‘Very Good Progress’ in Maritime Border Talks

The US mediator arbitrating negotiations of the maritime border between Lebanon and Israel, Amos Hochstein, reported “very good progress” towards arranging for a deal that benefits the Lebanese economy. Hochstein’s optimism followed his meetings with several Lebanese officials in Beirut. Many in Lebanon remain “cautious” as the results of talks…

Asharq Al-Awsat

Saudi Arabia Highlights Importance of Global Cooperation to Support World Economy

Saudi Minister of Economy and Planning Faisal bin Fadhil Al-Ibrahim has underlined the Kingdom’s steadfast commitment to renewing global cooperation and achieving the 17 UN Sustainable Development Goals (SDGs), the Saudi Press Agency reported. Al-Ibrahim said the G20 Development Ministers’ Meeting was an opportunity to work more closely and put…

Asharq Al-Awsat

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StockNews.com

Believe the Fed...More PAIN on the Way for Stocks

It’s easy to appreciate the confusion for investors at this time. Just when you think the bears are back in charge...next comes a big 3 day rally that calls it all into question. But why did stocks rally? And why do most signs still point bearish? And why does Steve…

Tribune News Service

Democrats have high hopes as midterms campaign kicks off with first mail-in ballots sent to voters

The midterm congressional campaign officially began Friday with Democrats facing a much-improved electoral environment amid a string of political wins, a strengthening economy and widespread anger over loss of abortion rights.

Bangkok Post

Minister eyes quick aid for small firms

Deputy Prime Minister Supattanapong Punmeechaow has stressed the need to speed up help for micro, small and medium-sized enterprises (MSMEs) that are still reeling from the impact of Covid-19, as the move can stimulate efforts to restore the pandemic-ravaged economy.

The Times of India

India stays out of Indo-Pacific trade pillar

LOS ANGELES: India has chosen to opt out from joining the trade pillar of Indo-Pacific Economic Framework’s (IPEF) for its legitimate concerns regarding the possibility of binding conditionalities linking the same to issues like environment and labour. Union commerce minister Piyush Goyal listed the reasons for opting this decision —…

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ABC News

Inflation shows no sign of slowing down in America and interest rate hikes will likely continue, warns top US economist

Loretta Mester is one of the 12 people who determine the official interest rate in the United States, and she has a grim warning for American households already struggling to pay their bills.

StockNews.com

2 Defensive Stocks to Hold Through Any Recession

Aggressive interest rate hikes by the Fed to bring the multi-decade high inflation under control and a slowing economy are raising the possibilities of a recession. Amid such a volatile market scenario, we think investors should hold fundamentally sound defensive stocks Coca-Cola (KO) and PepsiCo (PEP) to sail through any…

The Hindu

Be more positive of our achievements: Nirmala Sitharaman

Union Finance Minister all praise for ‘inspirational work’ of BusinessLine Changemaker award winners

Axios

The White House's new push to define Bidenomics

The White House is talking about the Biden economic record as something to embrace, a shift heading into the midterms.

Reason

Barbarian Is Nightmare Fuel for the Sharing Economy

The ultimate Airbnb horror story.

StockNews.com

How to Make Sense of Today’s Confusing Stock Markets

The market continues to confound and confuse both bulls and bears alike...The hope that a new bull market began in mid-June has been extinguished by the S&P 500 (SPY) declining from 4,300 to 3,900. While the bears continue to be stymied by an economy that continues to be more resilient…

The Independent UK

Hong Kong ranked the world’s freest economy by Canadian think tank for the 26th time in a row

Think-tank says it was difficult to assess how much impact China’s ‘economic and political crackdown’ or coronavirus had on the rankings

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