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The Latest Breaking News from Economics

Indonesia wants exporters to keep money at home

JAKARTA: Indonesia is formulating incentives for exporters to keep their foreign-exchange earnings onshore for at least three months, its chief economics minister said on Thursday.

Bangkok Post

Biden’s clean energy brainwave paves Britain’s way to post-Brexit growth. Dare we copy him?

Where the US leads in using state aid and subsidies, the EU is now following. But the UK will need a change of mindset, says the Guardian’s economics editor, Larry Elliott

The Guardian - UK

Economists have misunderstood a key indicator – and it's a big problem

In studies, forecasts and recommendations to governments, markets are seen as capable of processing so-called rational information. Economists claim that firms’ market prices result from rational expectation about their future monetary flows and intangible assets not accounted by bookkeeping, which, however, would enable those future monetary flows to occur.

The Conversation

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An NYU economics professor says that Elon Musk has an 'amazingly fraught relationship with Wall Street' and warns that Tesla faces several risks

Joseph Foudy, an economics professor at New York University’s Stern School of Business, warns Twitter has been a distraction for Elon Musk, and rising EV competition could hurt Tesla's sales growth.

Fortune

National Grid to pay UK homes and businesses to cut electricity use again on Tuesday – as it happened

Rolling live coverage of business, economics and financial markets as period of cold weather continues to weigh on energy system

The Guardian - UK

Recession fears if interest rates hiked

Deloitte Access Economics warns Australia could fall into a recession if the central bank lifts interest rates again, with households already hurting.

AAP

Nemat Shafik is named the first woman to be president at Columbia University

Shafik, who was born in Egypt and grew up in the United States, has extensive experience across global financial institutions and higher education.

WEKU

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Columbia University names Nemat 'Minouche' Shafik as first woman president

NEW YORK — Columbia University has named Nemat “Minouche” Shafik its 20th president — and the first woman to run the school in its 268-year history, the university announced Wednesday.

Tribune News Service

The free-fall in housing market activity just concluded, says Capital Economics

U.S. home prices will continue to fall in 2023 even as home sales bottom out, says Capital Economics.

Fortune

Economists warn of global recession danger ahead of World Economic Forum at Davos – as it happened

Live, rolling coverage of business, economics and financial markets as economists for major businesses forecast weak economic growth in Europe and the US

The Guardian - UK

On the NHS, Sunak and co seem unable to grasp economics 101: pay more

Breaking out of a mindset is not easy, but this crisis, 10 years in the making, could have been avoided

The Guardian - UK

Czech presidential vote starts with retired general, ex-PM leading the field

A retired general who held a senior NATO military job headed into the Czech Republic's presidential election starting on Friday as a favourite ahead of his main rivals - a divisive former prime minister and an economics professor.

Reuters

Czech presidential election pits combative ex-PM against ex-general

The Czech Republic's presidential election this weekend pits a retired general, a billionaire ex-prime minister and an economics professor in a battle to replace Milos Zeman, the retiring heavyweight of the country's post-communist era.

Reuters

What 2023 has in store for the New Zealand economy

Economics is a dark art at the best of times, but with so many balls in the air, few things are a given.

Newsroom.co.nz

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Radio France Internationale

Paris population drops as thousands quit capital city every year

According to a report published by France's national statistics and economics research institute, the population of the French capital is declining by an average of 12,400 inhabitants each year.

Reuters

Indonesia issues emergency regulation to replace jobs law

Indonesia's President Joko Widodo signed an emergency regulation on Friday to replace a controversial job creation law that a court had ruled was flawed, arguing global economic uncertainty next year gives him a legal basis for such a move.

The Independent UK

2023 may be year of the volunteer amid ‘surprising enthusiasm’ from young people

One in six people aged 18-34 plan to start volunteering in 2023, according to a survey for Pro Bono Economics.

Bangkok Post

MPI falls in November amid global economic slowdown

Thailand's Manufacturing Production Index (MPI) fell in November by 5.6% year-on-year to 95.11 points, the lowest in 15 months, as oil refineries were shut down for maintenance while a global economic slowdown began to affect exporters, says the Office of Industrial Economics (OIE).

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Al Jazeera

Why do the rich get richer — even during global crises?

Every 30 hours, the pandemic spawned a new billionaire, while pushing a million people into poverty. Here’s why.

Asharq Al-Awsat

Riyadh to Host First Gathering of Energy Economies in the Middle East

Preparations are underway in Riyadh to host the Energy Economics Conference, which is being organized by the International Association for Energy Economics (IAEE), for the first time in the Middle East and North Africa region. Under the slogan, “Pathways to a Clean, Stable and Sustainable Energy Future”, the conference will…

The Times of India

'World economy is headed for a recession in 2023'

LONDON: The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Centre for Economics and Business Research.

Tribune News Service

World economy is headed for a recession in 2023, researcher says

The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Center for Economics and Business Research.

The Conversation

Are nudges sinister psychological tricks? Or are they useless? Actually they are neither

Nudging – the idea that simple changes to how a choice is presented can lead people to make better decisions – has been one of the most popular ideas to emerge from economics in the past two decades.

The Conversation

How Monopoly informs academia and economics, even when it's not obvious

At the top hat’s turn to roll, the dice land on ‘Chance’ and it’s a one-way ticket to Mayfair. Aged just ten years old, I won my first game of Monopoly, but I strangely didn’t feel a sense of joy. I was rich, very rich indeed. But I was the…

Fortune

It's time to quit capitalism's obsession with growth. Focus on 'degrowth' instead, argues a growing movement in economics

“It seems that humanity is thriving and committing suicide at the same time,” noted author Ugo Bardi.

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