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The Latest Breaking News from Economy

UK economy to go BACKWARDS in 2023 with worst performance of all major nations

The UK is set to see its economy contract 0.6% this year according to the International Monetary Fund which will be the worst performance of all the advanced nations

Daily Mirror

Global growth outlook slightly healthier, says IMF

The outlook for the global economy has improved marginally, with inflation likely past its peak and trending down over 2023 and 2024.

AAP

UK recession warning as IMF predicts weakest performance among G7

Britain's economy will slam into reverse this year as the cost-of-living crisis hits households hard, the International Monetary Fund warns

Evening Standard

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MTL growth set to match overall sector

Muang Thai Life Assurance (MTL) expects to grow in line with the overall insurance industry this year, saying the cooling global economy would have a minimal impact on insurance policy renewals as consumers are more health-conscious following the Covid-19 pandemic.

Bangkok Post

How not to fight global inflation

Despite favourable indices, it is too soon to tell whether inflation has been tamed. Nonetheless, two clear lessons have emerged from the recent price surge.

Bangkok Post

Exim Bank set to expand BCG loans

Export-Import Bank of Thailand (Exim Bank) aims to expand the proportion of loans it extends to businesses conforming to the bio, circular and green economy (BCG) model to 50% of its anticipated total outstanding loans in the next three years from the current level of 28%.

Bangkok Post

NASA sending ship to asteroid worth £8quintillion to better understand Earth's origins

Despite being delayed for a year, NASA is now set to launch the Psyche space programme to an asteroid that is so valuable it's worth about 70,000 times the entire global economy

Daily Mirror

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Italian flyer hits cabin crew member on Vistara flight, held

MUMBAI: A 45-year-old Italian woman passenger was arrested early Monday morning after she allegedly punched a cabin crew member and spat on another on board a Vistara Airline flight (UK 256) from Abu Dhabi to Mumbai. Sahar police, who registered a case on the airline staff’s complaint, said the flyer,…

The Times of India

Italy's Finance Minister tightens grip on nominations for top jobs at state-backed firms

Italy's Economy Minister Giancarlo Giorgetti is working on an internal directive stressing that the main steps for an imminent round of appointments to top state-controlled firms must pass through his office, political sources said.

Reuters

Legendary investor Jeremy Grantham warns stocks could drop another 50% this year—but he doesn’t say to stay away from markets entirely

The top investor has some words of despair, and hope, for people looking to get into the stock market this year.

Fortune

Union Budget 2023-24: Startups seek simplified tax regime, reduction in MAT, shows TOI-Deloitte survey

NEW DELHI: Startups are considered to be one of the key areas propelling India's transition towards the Centre's $5 trillion economy target.

The Times of India

3 Momentum Stocks to Load Up on Before January Ends

While the interest-rate hikes by the Fed have weighed heavily on market sentiments and the growth prospects of an otherwise robust economy, stocks such as Select Energy Services (WTTR), Overseas Shipholding Group (OSG), and Adams Resources & Energy (AE) have shown solid momentum lately and are well-positioned to maintain the…

StockNews.com

German economy shrank 0.2% in Q4, worse than expected

Official figures show that Germany’s economy shrank by 0.2% in the fourth quarter compared with the previous three-month period

The Independent UK

Brazil's economic challenges are again Lula's to tackle – this time around they're more daunting

Even when they’re in trouble, Brazilians rarely lose their sense of humor. But in recent years, their joviality has often given way to political division everywhere from social media to the dinner table.

The Conversation

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Fortune

Layoffs are the medicine America needs to take to break out of inflation’s vicious circle, says former Walmart U.S. CEO

More job losses across the economy are necessary to break the ongoing wage-price spiral, a danger the bricks-and-mortar employer itself is risking with its recent pay hike.

StockNews.com

3 Upgraded Stocks to Put on Your Radar This Week

With the expected continuation of monetary policy tightening, the economy is anticipated to witness a slowdown this year. Amid an uncertain economic backdrop, it could be wise to add fundamentally sound stocks HCA Healthcare (HCA), Yum! Brands (YUM) and DocuSign (DOCU) to your watchlist this week. These stocks have been…

The National (Scotland)

We want to hear YOUR questions about the economy in an independent Scotland

WE know readers have lots of questions about what Scotland’s economy might look like after independence.

Caixin Global

Following the startling suspension of its would-be record-setting $34.5 billion IPO in November 2020, the fintech company was plunged into an extensive restructuring that has been ongoing for the past two years as regulators clamp down on misconduct in the industry

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Fortune

A soft landing is playing out–but optimism needs to be for the right reasons

Against the odds, the U.S. economy is moving towards a soft landing, according to BCG's top economists.

Asharq Al-Awsat

Sisi: First Egyptian President to Visit Armenia

Egypt and Armenia have agreed to enhance cooperation in various fields, especially in the economy and the exchange of expertise On Saturday, President Abdel Fattah El-Sisi arrived in Yerevan on the first visit by an Egyptian President since Armenia's independence. Sisi held closed talks with Armenian President Vahagn Khachaturyan at…

The Independent UK

World Bank: Myanmar economy to grow 3%, dragged by conflict

World Bank economists say Myanmar's economy grew 3% last year and will likely achieve the same pace in 2023, but still lags far behind where it stood before the army seized power in early 2021

The Independent UK

Will Europe's ban on Russian diesel hike global fuel prices?

Europe is cutting more energy ties with Russia

The Guardian - UK

Germany on brink of recession as economy shrinks; central banks may raise interest rates to 15-year highs this week – as it happened

German GDP shrank by 0.2% in Q4 2022, worse than expected, as investors anticipate borrowing costs to be hiked again this week

Tribune News Service

North Korea could get a vital lifeline from arms sales to Russia

Russia’s hunt for weapons to fire at Ukraine could provide a lifeline for North Korea, where even a relatively modest arms deal would help lift the country’s cash-starved and stagnant economy into growth.

Reuters

Scholz seeks to secure more critical minerals on South America tour

German Chancellor Olaf Scholz lobbied this week for South America to prioritize cooperating with Germany in its commodities sector as Berlin joins the race for critical minerals, with lithium key for its auto industry.

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