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The Latest Breaking News from Economy

SNP Government refuse to explain how bullying claims against ex-minister were resolved

Fergus Ewing was reportedly the subject of a bullying complaint by civil servants when he was Sturgeon’s Rural Economy and Tourism Cabinet Secretary.

Daily Record

BRICS supports dialogue between Russia, Ukraine

PM Modi hails ‘practical’ cooperation by members of the group

The Hindu

Recession fears and high inflation top this week’s big market events

Federal Reserve chair Jerome Powell has acknowledged that steep interest rate hikes could tip the US economy into recession.

The New Daily

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How California primaries create special interest-fueled races with Democratic infighting

SACRAMENTO, Calif. — Sacramento residents of Senate District 8 received reminders of California’s unusual top-two primary system every time they opened their mailboxes this spring.

Tribune News Service

Brexit is 'working' for the UK and improving democracy, Lord Frost claims

LEAVING the EU is “working” for the UK's economy and is improving democracy, according to Boris Johnson's former chief Brexit negotiator has…

The National (Scotland)

Indian officials in Sri Lanka for talks on ailing economy

Senior Indian officials are in Sri Lanka for talks on how to help the island nation weather an unprecedented economic crisis

The Independent UK

Germany moves closer to gas rationing as Russia chokes supplies

Economy minister says cut in deliveries is ‘economic attack on us by Putin’

The Guardian - UK

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From pandemic solidarity to bitter enemies: how Tories turned on workers

Spirit of consensus has gone as ministers seek a scapegoat for the stagflation affecting the economy

The Guardian - UK

UK economy ‘running on empty’ as post-pandemic order books dry up

Business confidence slumps to level that typically signals imminent recession, warns economist

The Guardian - UK

Business confidence in freefall, warns Chamber of Commerce

Confidence has been hit by weakening overseas sales and orders, alongside a flat UK market

Birmingham Post

G7 hopes to show unity on Ukraine despite darkening economic outlook

The Group of Seven rich democracies will seek to demonstrate their long-term support for Ukraine in its fight against Russian aggression at a summit starting on Sunday even as the war's growing impact on the world economy tests their resolve.

Reuters

EXPLAINER: Why Sri Lanka's economy collapsed and what's next

Sri Lanka’s prime minister says the island nation's debt-laden economy has “collapsed” as it runs out of money to pay for food and fuel

The Independent UK

IMF: Overall Saudi GDP Projected to Grow 7.6%

The International Monetary Fund (IMF) has highlighted solid indicators for the Saudi economy, expecting a 7.6 percent overall GDP growth in 2022. Non-oil growth will increase to 4.2 percent in 2022, with the current account surplus will increase to 17.4 percent of GDP in 2022, said the Fund experts. An…

Asharq Al-Awsat

China's Xi Calls for Stronger Fintech Oversight, Security

A high-level Chinese government meeting led by President Xi Jinping has called for stronger oversight and better security in financial tech, state media reported, with the sector hit hard by a regulatory crackdown. The government action has pummeled some of China's biggest tech firms, wiping out hundreds of billions of…

Asharq Al-Awsat

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Asharq Al-Awsat

IMF Says Ready to Begin Aid Talks with Tunisia

The International Monetary Fund is set to begin formal talks on a new financial aid package for Tunisia, to help the North African nation deal with the dire economic situation, an IMF official said Wednesday. The country has been in preliminary discussions with the global lender for a new loan…

Tribune News Service

Allison Schrager: Inflation ate your free lunch, but you’re still better off

Believe it or not, we live in the best of times. It’s been a crazy few decades, with a pandemic, rising inequality, slowing growth and productivity, and major changes in the economy. But generally, most people experienced huge gains in living standards. We shudder to think what life was like…

Insider UK

Scottish TV and film industry 'could be worth £1 billion by 2030'

New report from Screen Scotland states the industry contributed £568m to the nation's economy in 2019

Evening Standard

Rishi Sunak warned ‘recession is the new enemy’ as sky-high inflation hits millions

Rishi Sunak was warned on Thursday that “recession is the new enemy” as sky-high inflation hits millions of families and many businesses.

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Asharq Al-Awsat

Markets Fluctuate, Oil Falls again as Recession Warnings Build

Asian markets struggled Thursday to recover from the previous day's battering, while oil extended losses, after Federal Reserve boss Jerome Powell admitted the economy could tip into recession as the bank hikes interest rates to fight runaway inflation. Soaring prices and central banks' battle to rein them in have sent…

The Independent UK

Scottish TV and film industry could be worth £1bn by 2030, claims minister

A report by Screen Scotland found the sector contributed almost £568 million to Scotland’s economy in 2019.

ABC News

ASX rises, Wall Street slips as Jerome Powell says US recession is a 'possibility'

The Australian share market edges higher, while Wall Street falls slightly after the US Federal Reserve chairman Jerome Powell tells a Senate committee that a “soft landing” for the US economy will be difficult.

Bangkok Post

NESDC sees rising global risks in 2023

Structural changes in geopolitics are likely to create more risks for the Thai economy next year, warns the state planning unit's chief.

Tribune News Service

Erdogan and Saudi Crown Prince embrace as years of rancor end

Saudi Crown Prince Mohammed bin Salman and Turkish President Recep Tayyip Erdogan on Wednesday agreed to work toward closer relations in areas such as economy and defense to turn the page on years of rancor that had brought trade and diplomatic ties to a virtual standstill.

The Conversation

LIV Golf: Sportwashing vs. the commercial value of public attention

The LIV Golf Invitational Series held its first event recently at Centurion Club in St. Albans, England.

Caixin Global

Xi Jinping Slams Sanctions as ‘Double-Edged Sword’ Hurting World Economy

Chinese president in opening remarks at BRICS summit calls for strengthened macroeconomic policy coordination in the face of global economic crisis

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