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The Latest Breaking News from Economy

'We've been at Gorton Market for 47 years but now we have to close'

Manchester council wants to expand the market, opening it up onto a new town square and offering more food and drink to create a night-time economy - but some won't survive to see it

Manchester Evening News

'I hate to Pooh-Pooh Jeremy Hunt's Tiggerish optimism, but I'm more of an Eeyore'

Columnist Rachael Bletchly says Chancellor Jeremy Hunt's sudden reinvention as a full-on glass-half-full optimist bent on getting the economy bouncing like Tigger is a load of old Poohsticks

Daily Mirror

Nigeria's Atiku joins calls to extend deadline on old banknotes

Nigerian opposition presidential candidate Atiku Abubakar urged the central bank on Saturday to extend a Jan. 31 deadline to phase out old high-value banknotes, a measure many Nigerians fear will disrupt business in the cash-reliant economy.

Reuters

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Sri Lanka economy could shrink by -3.5% to -4%, president says

Sri Lanka's economy could contract by -3.5 or -4.0% in 2023 after shrinking -11% last year, President Ranil Wickremesinghe said on Saturday.

Reuters

Saudi Sherpa Discusses Priorities of G20 Meetings in India

Saudi officials reviewed the priorities of the G20 for the current year, which include supporting global economic growth in light of geopolitical tensions, strengthening global value chains and flexible logistics services, in addition to a range of issues related to health, energy, food security, education, tourism, the labor market and…

Asharq Al-Awsat

Everywhere you look, the economy is in a deep freeze. But does that mean a recession is coming?

From the housing market to venture capital activity, many parts of the economy are in a deep freeze. And experts say they may not thaw out until next year.

Fortune

Is China's shrinking population an economic cause for alarm in the US?

Data released recently by the Chinese government shows its population has begun to shrink and that has some economists worried about the global economy.

Tribune News Service

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Southeast Asia poised to scale up digital drive

Digital development is likely to be scaled up in Southeast Asia this year, defying a global economic slowdown and the headwinds of monetary tightening, says London-based think tank Asia House.

Bangkok Post

SET gains as Asian bourses enjoy upbeat week

RECAP: Asian stocks rose on Friday and were poised for their fifth straight week of gains as China's reopening and data highlighting a resilient US economy boosted investor sentiment.

Bangkok Post

A changing view of the global economy

Since the beginning of the year, the global investment outlook has been developing based on what economists and investors have projected:

Bangkok Post

Business Hunter applauds 'unheard of' low regional jobless rates in latest ABS figures

Good news for Hunter although national economy 'in slow decline'

Newcastle Herald

3 Stocks That Could Make You a Millionaire in the Long Term

With economic growth moderating just enough to keep hopes of a Fed-engineered ‘soft landing’ alive, shares of fundamentally strong, resilient, and growing businesses AT&T (T), Amgen (AMGN), Humana (HUM) could be worth investing in for sustained risk-adjusted returns. Continue reading….

StockNews.com

Texans pessimistic about the national economy and losing faith in democracy, poll says

More than 60% of Texans polled by Texas Lyceum said the country is on the wrong course, and the poll found steep drops in the number of people who think democracy is the best form of government.

The Texas Tribune

The Guardian view on Tory austerity: an unpopular policy returns

Editorial: Public spending is needed to green the economy and repair public services. But the chancellor plans £100bn in cuts

The Guardian - UK

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StockNews.com

2 Large-Cap Stocks to Buy Before the End of January

Growing concerns over the economy’s uncertainties and yet-to-be-tamed inflation have led to widespread worries about an economic slowdown. Therefore, fundamentally strong large-cap stocks Walmart UnitedHealth Group (UNH) and VMware (VMW) could help stabilize your portfolios amid the volatile economic backdrop. Read more….

The Independent UK

Lots of sound and fury on US debt, but not a crisis — yet

For all the sound and fury about raising the nation's debt limit, most economists say federal borrowing is not at a crisis point

StockNews.com

5 Unstoppable Stocks You Shouldn't Wait Any Longer to Buy

The Fed’s intention to keep raising interest rates despite the cooling down of inflation could eventually lead to the economy witnessing a recession. Moreover, the World Bank lowered its 2023 global growth forecast by almost half, citing deteriorating economic conditions. Hence, it could be wise to invest in fundamentally sound…

Evening Standard

HS2: are we building this thing or not?

So there it is, High Speed 2 (HS2) will be coming to Euston after all, rather than terminating at Old Oak Common. It was rather odd timing for the story to be leaked, given that the chancellor was to make a major address on the future of the UK economy…

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The Guardian - UK

Jeremy Hunt overdoes the Es: why his economic plan is a letdown

Speech on ‘enterprise, education, employment and everywhere’ contained only vague, empty promises

The Guardian - AU

Jim Chalmers says May budget to have ‘much bigger focus’ on tackling entrenched disadvantage

Treasurer says ‘best way to shift the needle’ is to ‘find out where those challenges are most acute’, and ‘this is something I care deeply about’

The Independent UK

US inflation and consumer spending cooled in December

The Federal Reserve’s preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed’s series of interest rate hikes are slowing the economy

The Independent UK

Jeremy Hunt urges millions of early retirees to return to work as he insists tax cuts must wait

Chancellor promises reforms to get people with long-term conditions or mental illness back into jobs

The Independent UK

UK Treasury chief: Tax cuts must wait for inflation to fall

Britain’s Treasury chief says taming inflation is more important than cutting taxes

Evening Standard

Rishi Sunak must fight hard to stop a Labour win looking inevitable

Yesterday the Prime Minister and his Cabinet gathered at Chequers for a spot of truth-telling by Isaac Levido, their elections guru. There was to be no “sugarcoating” during Levido’s election strategy briefing, we were told. The presence at the large shiny mahogany table of the Conservatives’ embattled chairman Nadhim Zahawi…

Al Jazeera

Nigeria launches domestic card scheme to boost cashless economy

The move is part of the central bank’s moves to reduce cash flow within the borders of Africa’s biggest economy.

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