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The Latest Breaking News from Economy

Will the Credit Suisse bank takeover calm financial fears?

Globally connected Credit Suisse has been taken over by rival UBS at the urging of Swiss authorities to avoid a collapse that could have sent shock waves through the global economy

The Independent UK

Macron’s reform dilemma: progress or popularity?

The French economy has made significant strides under Emmanuel Macron, but the need for political consensus and restoring social cohesion is an urgent challenge, argues Oliver Hartwich

Newsroom.co.nz

Indians acquire 100 patents for 6G technology

India is making significant strides with 5G technology, according to Ashwini Vaishnaw, IT and Telecom Minister of India.

TechRadar

From analysis to the latest developments in health,
read the most diverse news in one place.

Opinion: What China Can Learn From SVB’s Collapse

The U.S. response to Silicon Valley Bank’s failure can offer valuable insights to China’s banking industry, an economist says

Caixin Global

Martin Lewis warns food bills may never drop down to what they were

Cost of living rocketed across UK during 2021 and 2022, with inflation still extraordinarily high

The Independent UK

Editorial: Openness and the Private Sector — Charting a Path Forward

A shift to development model that focuses on quality requires a renewed emphasis on technological innovation, the establishment of modern industrial systems, and the pursuit of sustainable, eco-friendly growth

Caixin Global

Cambridge University’s economic contribution ‘four times that of Premier League’

Analysis of economic impact found the university adds nearly £30 billion to the UK economy every year.

The Independent UK

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Wales’ business community remains hopeful despite economic pressures

Many issues facing firms are global in nature, but some areas need action at a Welsh or UK level

Birmingham Post

Why our economy is too important to leave to the experts

It's time to democratise economics and demand an economy that works for people and the planet, argues Catherine Knight

Newsroom.co.nz

Slash interest rates and stop bond sales, ex-policymaker tells Bank of England

Exclusive: David Blanchflower urges rethink after collapse of Silicon Valley Bank and lifeline thrown to Credit Suisse

The Guardian - UK

Rating Agencies Raise Saudi Economy Rating with Positive Outlook

Rating agencies have upgraded the Saudi economy to a “positive” and stable outlook. They affirmed that the structural reforms have been reflected in the tangible progress in economic development and the support of diversification policies, especially in the non-oil sector. S&P Global Ratings upgraded its credit report for Saudi Arabia,…

Asharq Al-Awsat

Lebanese Juggle Dizzying Rates for Devalued Pound

When Caroline Sadaka buys groceries in the Lebanese capital Beirut, she keeps her phone in hand – not to check her shopping list but to calculate the spiraling costs of goods now priced at volatile exchange rates that vary by store and sector. As Lebanon's economy continues to collapse, an…

Asharq Al-Awsat

If it’s growth the chancellor wants, here’s one suggestion: rejoin the EU

Jeremy Hunt says the economy is his priority; but it and he are still really in thrall to the ideological blight of Brexit

The Guardian - UK

Alcohol industry 'trying to obstruct public health policy' like adverts ban

INDUSTRY claims about the damage curbs on alcohol marketing would do to the economy and businesses in Scotland should be treated with a “healthy…

The National (Scotland)

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The Guardian - UK

Interest rate rises in doubt as fear of new global crisis rattles central banks

Concern about trouble in finance sector, plus renewed momentum in UK economy, could halt rises City analysts thought were a certainty

The Independent UK

Tear down trade barriers with Europe, says Davey

The Lib Dem leader will say Britain must rebuild relations with Brussels if the economy is to prosper.

Bangkok Post

Wage hikes could harm economy

Political parties are being urged to stop wooing voters by promising them unrealistic leaps in daily minimum wage rates which many experts warn will do more harm than good to the country's economic system.

Evening Standard

Jeremy Hunt’s budget fails to move voters as Labour retains election lead in latest poll

Voters remain unmoved by Jeremy Hunt’s budget with the Conservatives staying stuck on 29% while Labour keeps a 15% lead in the latest poll.

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The New Daily

Airliner innovations that aim to make the skies comfy and green

From actual beds to more comfort in Economy, the best innovations in air travel could shape a more sustainable and accessible future.

Fortune

Silicon Valley’s hubris nearly ruined the U.S. economy

Tech thought it was exceptional. Maybe it was all wishful thinking.

Asharq Al-Awsat

OECD Hikes Global Growth Forecast for 2023, 2024

The global economic outlook has improved from a few months ago as the inflation shock eases but rising interest rates will keep risks high, the OECD said on Friday, hiking its growth forecasts for major economies. After growth last year of 3.2%, the world economy is on course to expand…

Bangkok Post

Thaicom to capitalise on the space economy

SET-listed satellite service provider Thaicom has entered a new chapter as it won orbital slots in the January auction for geostationary satellites, explores developing businesses related to low-Earth orbit (LEO) satellites, and continues work on space tech innovation with partners.

StockNews.com

Bank Problems = Bearish Thumb on Stock Market Scale

If you were not bearish already, then perhaps time to reconsider your stock market (SPY) outlook. As you will discover in today’s commentary, even the best case scenario for the recent banking concerns still likely tips the economy into recession which leads to deepening bear market. Read on below for…

StockNews.com

5 Top Energy Stocks to Buy Right Now

Despite the recent plunge in oil prices, the reopening of the Chinese economy and tight supplies appear beneficial for the energy market. Given this backdrop, fundamentally strong energy stocks Marathon Petroleum (MPC), Valero Energy (VLO), PBF Energy (PBF), Unit Corp. (UNTC), and Epsilon Energy (EPSN) might be ideal buy-and-watch picks…

The Guardian - UK

‘A momentous moment’: campaigners hail Hunt’s childcare pledge – but vow to keep fighting

It took the pandemic to make ministers realise childcare is vital to the economy but many doubt there will be enough funding for promised extra hours

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