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The Latest Breaking News from Economy

A tale of two job markets

Layoffs signal trouble ahead, yet other key indicators show an economy that's chugging along.

Axios

India, UAE in early talks to settle non-oil trade in rupees

The United Arab Emirates (UAE) and India are discussing ways to boost non-oil trade in rupees as the Gulf country looks to strengthen ties with a major trade partner and boost its economy.

The Times of India

Germany under growing pressure to send tanks to Ukraine

It’s amazing what the Germans can do when they put their mind to it. Prior to February 2022, the country was heavily reliant on Russian gas to heat its homes and power the mighty industries that make it the fourth-largest economy in the world. Before the war, more than half…

Evening Standard

From analysis to the latest developments in health,
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Explained: Why tech giants are laying off staff globally

NEW DELHI: The gloomy outlook for global economy in 2023 has pushed several tech firms and Wall Street titans to lay off staff across offices worldwide.

The Times of India

The Week Ahead: Waiting for the recession during the economic recovery

The end of last year was supposed to be an economic dud. It wasn’t. Instead, the American economy likely continued its rebound.

Miami Herald

Ukraine, climate, economy: Takeaways from glitzy Davos event

Power brokers have wrapped up the World Economic Forum’s annual conclave in the Swiss town of Davos as worries about the war in Ukraine, a warming planet and a cooling global economy dominated discussions about the world’s ills

The Independent UK

Davos 2023: Outlook brighter than feared, fraught with risks

The year ahead looks better than feared for the global economy but remains fraught with risks including escalation of the conflict in Ukraine and the emergence of a transatlantic trade war, the World Economic Forum's final panel concluded.

Reuters

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The 3 Best China Stocks to Watch

After an end to a challenging year, the Chinese abandoned its strict zero-Covid policy despite the country facing a surge in infections. This year, a sharp rebound in the economy is expected due to its reopening. Therefore, it could be an opportune time to add fundamentally strong Chinese stocks Hello…

StockNews.com

Sunak must come up with long-term growth plan, says Tesco boss

John Allan says it is needed to ensure UK economy recovers from cost of living crisis

The Guardian - UK

Political Pulse / Japan's unbalanced public finances need open-eyed risk management

Japan's government debt has been exceptionally high among major industrialized countries for over two decades. The risks posed by this massive debt must be properly analyzed and managed.

The Japan News/Yomiuri

Editorial: Once again, Republicans are threatening to tank the economy to get their way

Like the hockey-masked villain in some cheesy horror flick, the GOP’s debt ceiling caucus just keeps coming back. Once again, the party’s more radical members are threatening to hold America’s full faith and credit hostage by refusing to raise the nation’s debt limit. The Treasury hit that $31.4 trillion limit…

St. Louis Post-Dispatch

Levelling Up funding has been a big let down

The latest 11 projects announced for Wales will do nothing to address the biggest economic challenging of boosting productivity

Birmingham Post

New Year economic optimism might not outlast resolutions

City Voices: Economic news has lately been good -- but brace yourselves

Evening Standard

Millions of homes hit by £116 energy bill hike - despite prices being fixed

Those who have seen their bills increase were customers on Economy 7 electric tariffs which new analysis found rose by 7.6% on average this January

Daily Mirror

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The Guardian - US

US heads for debt-ceiling standoff as House Republicans refuse to budge

Hard-right Republicans say no to ‘clean’ debt ceiling increase, raising dire possibility of US defaulting on financial obligations

Asharq Al-Awsat

Saudi Arabia Launches Food Ecosystems and Arid Climates Challenge at Davos

The Saudi Ministry of Economy and Planning (MEP) and UpLink, the World Economic Forum's (WEF) open innovation platform, launched an innovation challenge designed to crowdsource transformative solutions to enhance food security in countries impacted by low rainfall, drought, and desertification. The Food Ecosystems and Arid Climates Challenge is a global…

France 24

French government plays down cost of strikes after huge turnout against pension reform

Strikes in protest at plans to raise the French retirement age are unlikely to hurt the country's economy, Finance Minister Bruno Le Maire said Friday, after more than a million people rallied across the country in protest at the planned pension overhaul.

The Independent UK

Asian markets rise after Wall St losses amid recession fears

Asian stock markets are higher after Wall Street losses deepened as worries grow that the U.S. economy is headed for recession

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news in one place.

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Wales Online

Inflation and energy bill woes reduce consumer confidence to near-historic low

GfK's Consumer Confidence Index dropped three points in January to minus 45

Financial Times

Martin Wolf: in defence of democratic capitalism

The marriage of liberal economics and democracy has brought immense benefits to the world, but faces its toughest test in decades. What needs to be done?

The Independent UK

Consumer confidence hits near-historic low amid inflation and energy bill woes

GfK’s long-running Consumer Confidence Index dropped three points in January to minus 45 after a short-lived and weak rally in the last quarter.

Fortune

11 creator economy insiders who set the agenda behind the scenes

The influencers in buzzy video clips are just one facet of the $100 billion creator economy.

StockNews.com

The 3 Best Large-Cap Stocks to Buy Now and Hold Forever

Although the latest inflation and employment reports indicate a resilient economy, the Fed’s persistence to keep interest rates high has caused widespread concerns about an economic slowdown. With uncertainties surrounding the economy, we think it could be wise to buy and hold large-cap stocks Merck & Co. (MRK), Coca-Cola (KO),…

The Times of India

India to be a $3.7 trillion economy in 2023, says RBI article

MUMBAI: India will be a $3.7 trillion economy in 2023, maintaining its lead over the UK as the fifth largest economy of the world, a Reserve Bank article said on Thursday stressing that the macro economic stability is getting entrenched.

Fortune

Forget inflation, Jefferies says to watch out for a 'disinflation era' like the early 1980s

When former Fed Chair Paul Volcker hiked interest rates to quash inflation in the early 80s, a recession and disinflation followed. Jefferies sees a similar fate for the economy this year.

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