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The Latest Breaking News from Economy

Al-Falih: We Have Quadrupled Foreign Investment Flows

It might seem somewhat strange for one of the biggest electric car producers to open a factory in one of the world’s major oil-producing countries, but it actually boils down to the story of the most exciting economic transformation of the 21st century. “It is one of the most exciting…

Asharq Al-Awsat

Saudi E-commerce Growth Rate Exceeds 32%

Saudi Arabia is one of the top ten countries in e-commerce, achieving an annual growth rate of more than 32 percent, announced Minister of Commerce Majid al-Qasabi. Speaking at a seminar on the "Role of E-commerce in Strengthening the Saudi-British Economic Partnership," Qasabi stressed that strengthening the e-commerce business system…

Asharq Al-Awsat

Germany, US energy partnership includes agreements on off-shore wind and hydrogen: German minister

An energy partnership between Germany and the United States includes expanding off-shore wind power generation and co-operation on using hydrogen in industrial production, German economy minister Robert Habeck said on Friday.

Reuters

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Shanghai takes baby steps towards ending COVID lockdown

Shanghai took more gradual steps on Friday towards lifting its COVID-19 lockdown while Beijing was investigating cases where its strict curbs were affecting other medical treatments as China soldiered on with its uneven exit from restrictions.

Reuters

Banned traders warn Labor government, all industries against reliance on China

Australia has never before relied so much on China for its trading wealth. However, as the devastated rock lobster industry can attest, the Asian giant can lose its appetite overnight.

ABC News

Why This Could Be the Long Awaited Bear Rally

Over the last couple of weeks, we've increased our allocation of stocks. Last week and earlier this week, I was uncertain whether this was the correct move. But, the last 2 days of market action are validating those moves as the S&P 500 (SPY) finally seems to be commencing its…

StockNews.com

Telangana CM K Chandrasekhar Rao slams PM Narendra Modi, says efforts are on for 'ujwal Hindustan'

HYDERABAD: Hours after Prime Minister Narendra Modi attacked him over 'single family rule' in Telangana, chief minister and TRS president K Chandrasekhar Rao slammed the PM saying the country's economy is in bad shape and reiterated that the country will witness 'sensation' in two to three months.

The Times of India

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White House expects minimal impact on U.S. and global economy from Russia default

The White House said on Thursday it expects minimal impact on the U.S. and global economy from a potential Russia debt default as Washington decided to not extend a waiver that enabled Russia to pay U.S. bondholders.

Reuters

Blinken aims at Xi in speech vowing to shape the global order

Secretary of State Antony Blinken said the U.S. will seek to influence China’s behavior by shaping the world around Beijing in remarks that took direct aim at President Xi Jinping’s performance leading the world’s second-biggest economy.

Tribune News Service

Down More Than 45%: 2 Buy-Rated Stocks Snatch Up Now

Concerns over high inflation, the Fed's hawkish monetary policy, and the potential for the economy to slide into a recession have caused the market to suffer a significant correction of late. But the current downtrend could be a great opportunity to scoop up shares of quality companies LiveRamp Holdings (RAMP)…

StockNews.com

Kiwi firms take a bite out of their doughnut economics problems

EVMaritime, Transpower, Lion, Downer, Beca and Silver Fern Farms are among businesses learning to apply circular economy principles to the design of the product or service vexing them.

Newsroom.co.nz

Jim Chalmers banks on capital spending to help ease cost-of-living crisis

New treasurer says Labor is ‘not contemplating’ extending fuel excise cut or low and middle income tax offset

The Guardian - AU

Davos 2022: IMF chief says food export bans 'only making crisis worse'

This year's World Economic Forum in Davos has been dominated by the war in Ukraine and its implications on the global economy. With the drop in grain exports from the region, concern is growing over a looming food crisis. FRANCE 24's Business Editor Kate Moody spoke to IMF Managing Director…

France 24

Worry about stagflation, a flashback to '70s, begins to grow

Stagflation

The Independent UK

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The Hindu

Dairy farmers to be grouped to promote production, marketing

Steps to help farmers overcome crises in agri economy

Benzinga

Mid-Morning Market Update: Markets Open Higher; US Economy Contracts 1.5% In Q1

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining around 200 points on Thursday.

Reuters

Bhutan faces grain shortages, spike in prices - minister

(Refiles to remove extraneous word in headline)

The Guardian - UK

Sunak’s package fails to tackle the true cause of UK inflation: shameless profiteering

The fact is, the price cap on energy bills is still going up – and this is a political choice, says James Meadway of the Progressive Economy Forum

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Manchester Evening News

Morrisons makes huge change to popular meal deal - and customers aren't happy

One shopper said: "Someone sort this economy out."

The Independent UK

US economy shrank by 1.5% in Q1 but consumers kept spending

The U.S. economy shrank in the first three months of the year even though consumers and businesses kept spending at a solid pace, the government reported Thursday in a slight downgrade of its previous estimate for the January-March quarter

The Independent UK

Female CEO’s pay rose 26% in 2021, but ranks remain small

Pay packages for the women who run S&P 500 companies jumped in 2021 as the economy recovered and stock prices and profits soared

France 24

Davos 2022: Volkswagen CEO warns of cost from 'long-lasting' war in Ukraine

The agenda of the World Economic Forum in Davos has been dominated by the war in Ukraine and its implications for the global economy and supply chains. Volkswagen CEO Herbert Diess spoke to our Business Editor Kate Moody on the sidelines of the event. He warned that a "long-lasting" war…

Reuters

China strategy is about rules-based order, not 'new Cold War,' Blinken says

The United States will not block China from growing its economy, but wants it to adhere to international rules, Secretary of State Antony Blinken said on Thursday in a long-awaited speech on U.S. strategy to address China's rise as a great power.

Salon

Permanent war will destroy America

When Donald Trump and Marjorie Taylor Greene are the only people objecting to endless war, it's all gone wrong

Tribune News Service

Commentary: How the Fed has set our economy up for disaster

For over a year, the Federal Reserve ignored myriad warning signs and continued injecting money into the economy. The result was the appearance of robust economic growth and a surge in demand, especially in the labor market, which ushered in decades-high inflation. But as the Fed belatedly raises rates, the…

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