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The Latest Breaking News from Economy

Australians face 50% hike in air fares to fly to Europe this year, data suggests

Thirst for ‘revenge’ travel after the Covid pandemic is driving return prices to almost $3,000 to some European cities, booking site says

The Guardian - AU

VisitEngland to reshape tourism in the South West through new partnership

VisitWest hopes to deliver stronger leadership and strategies for the region in order to boost tourism economy

Birmingham Post

3 of the Worst Stocks on Wall Street Right Now

The growing concerns about a potential recession, ongoing debt ceiling standoff, and predictions of prolonged high-interest rates might weigh on the US economy and stock market. Hence, it might be best to avoid fundamentally weak stocks CRISPR Therapeutics (CRSP), First Majestic Silver (AG), and McEwen Mining (MUX). Keep reading.

StockNews.com

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Did the Reserve Bank's interest rate hikes put Australia's economy on a 'knife-edge'? A major consulting firm thinks so

A major consulting firm forecasts a "consumer recession" in 2023, warning hundreds of thousands of Australian households are bleeding cash every month.

ABC News

Orders picking up across the East Midlands according to company bosses as economy shows signs of strengthening

Survey finds levels of optimism across the region at its highest in over a year

Birmingham Post

Editorial: Don’t Blame China’s Jobless Youth Problem on the Surge in New Graduates

The source of the issue lies with the supply of jobs, which needs to be addressed by improving the economy, particularly the private sector

Caixin Global

Rishi Sunak blames UK economy woes on ‘anti-maths mindset’

The UK must end its “anti-maths mindset” to help grow the economy, Rishi Sunak said on Monday...

The National (Scotland)

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Haunted by insurrection, Lula is in a hurry to change Brazil

Late on the afternoon of Jan. 8, Luiz Inacio Lula da Silva stared out at Brazil’s ravaged capital from a third-floor balcony of the presidential palace and reflected on how his presidency had been upended.

Tribune News Service

I gave Tories £100,000 says hotel boss, but it’d be a waste to give them any more

Sir Rocco Forte said there is no point giving any more money, as he accused the party of failing to grow the economy

The Independent UK

THG receives buyout proposal from private equity, FTSE 100 posts best run since December 2020 – as it happened

Rolling coverage of the latest economic and financial news, as UK’s blue-chip index heads for seventh day of gains in a row

The Guardian - UK

Crown Prince Mohammed bin Salman Led ‘Difficult Missions’

In mid-January, the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, said that Saudi Arabia had become a bright spot for the world and regional economies. Speaking at a session at the World Economic Forum (Davos), Georgieva explained that when she visited Saudi Arabia, she was incredibly impressed…

Asharq Al-Awsat

How having our own currency can help fuel indy Scotland’s wellbeing economy

IN this and future articles, the Scottish Currency Group outlines how an independent Scottish Government with its own

The National (Scotland)

Sunak condemns ‘anti-maths mindset’ as he announces review into teaching plan

Enhancing numeracy in England by teaching maths to the age of 18 will help grow the economy, the PM will argue in a speech on Monday.

The Independent UK

It's past time our economy got a chop-out

OPINION: It's fair share o'clock

Newcastle Herald

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France 24

Will Turkey’s inflation crisis damage Erdogan’s re-election chances?

A month before Turkey goes to the polls on May 14, the country’s inflation crisis is a major campaign theme as the six main opposition parties rally around Kemal Kilicdaroglu to create the strongest challenge yet to President Recep Tayyip Erdogan. But analysts say discontent with Erdogan’s economic management will…

WEKU

Biden bets big on bringing factories back to America, building on some Trump ideas

President Biden has embraced the idea of subsidies for key industries and measures to shut out Chinese competitors. Reviving manufacturing is a theme he's expected to run on in 2024.

Asharq Al-Awsat

World Bank: Peace Deal in Yemen Would Push Toward Sustainable Growth

The World Bank has revealed that in case a lasting truce or peace arises, the Yemeni economy could register more sustainable growth within months of the agreement.

Asharq Al-Awsat

China’s Economy Expected to Rebound as Zero-Covid Era Fades

China is expected to announce an economic rebound on Tuesday, when Beijing releases its first quarterly GDP figures since abolishing growth-sapping Covid restrictions late last year. The Asian giant's virus containment policy -- an unstinting regime of strict quarantines, mass testing and travel curbs -- strongly constrained normal economic activity…

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news in one place.

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The Guardian - UK

Brexit caps 40 years of Conservative failure that Starmer fears to oppose

Attacks on Rishi Sunak are pointless if Labour is going to let the crowning disaster of Tory government pass without comment

Bangkok Post

A taste of populism

The Pheu Thai Party's "digital wallet" policy, designed to woo voters ahead of the May 14 general election, has drawn a mixed reaction from politicians and the public alike.

The Independent UK

Labour would oversee more active state on economy, says shadow minister

People do not yet understand the scale of Labour’s ambition on the economy, according to Jonathan Reynolds.

The Guardian - UK

Labour will be most interventionist government for a generation, says shadow minister

British public has yet to comprehend scale of party’s economic ambitions, says business chief Jonathan Reynolds

The Independent UK

US dollar scarcity threatens Bolivia's 'economic miracle'

For more than a decade, Bolivia was an economic oasis in a turbulent region, with low inflation and high growth

Fortune

China's reopening sees Gen Z ready to splurge after lying flat: 'They don’t see life as a matter of ruthless survival'

A shift in attitudes towards work and personal comfort in China's younger generation may end up helping the country’s economy.

Asharq Al-Awsat

Al-Swaha: SEZ to Promote Saudi Arabia's Regional Leadership as Global Investment Hub

Saudi Minister of Communications and Information Technology Eng. Abdullah Al-Swaha lauded the launching of the Cloud Computing Special Economic Zone (SEZ ), expressing his gratitude to Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, and the Crown Prince for launching it along other three zones across…

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