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The Latest Breaking News from Economy

North Korea has hacked $1.2 billion in crypto and other assets for its economy

North Korean hackers have stolen an estimated $1.2 billion in cryptocurrency and other virtual assets in the past five years, more than half of it this year alone, South Korea's spy agency says.

WEKU

Plan decided on how tourism will transform Bridgend

The plan intended shape a thriving visitor economy in Bridgend will run from 2022 to 2027

Wales Online

Lebanon's financial pains eased by remittances over holidays

A severe economic crisis in Lebanon has sapped the savings of millions of residents

The Independent UK

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US economy grew 3.2% in Q3, an upgrade from earlier estimate

Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September, the government reported Thursday in a slight upgrade from its earlier estimate of third-quarter growth

The Independent UK

Lebanon PM Says Sweeping Reforms Still Needed despite Return to Growth

Lebanon's caretaker Prime Minister Najib Mikati said Thursday that sweeping reforms remain vital to rescue the stricken economy, despite a return to modest growth this year. Mikati said the economy had grown by nearly two percent in 2022 after two straight years of severe recession that saw Gross Domestic Product…

Asharq Al-Awsat

It's time to quit capitalism's obsession with growth. Focus on 'degrowth' instead, argues a growing movement in economics

“It seems that humanity is thriving and committing suicide at the same time,” noted author Ugo Bardi.

Fortune

Saudi Crown Prince Launches National Intellectual Property Strategy

Prince Mohammed bin Salman, Crown Prince, Prime Minister and Chairman of the Council of Economic and Development Affairs, launched on Thursday the National Intellectual Property Strategy (NIPST). One of the enablers for achieving the objectives of Saudi Vision 2030, NIPST aims to build an intellectual property ecosystem that supports innovation…

Asharq Al-Awsat

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China's Li praises Hong Kong leader for reviving economy

Chinese Premier Li Keqiang has praised the Hong Kong government’s efforts in revitalizing the economy as it rolls back COVID-19 restrictions, in a meeting with the territory’s leader in Beijing

The Independent UK

UK economy shrank ‘more than thought’ up to September putting it last among G7 nations

Growth has been weaker than estimated throughout much of the past year

Evening Standard

Tories accused of ‘losing control of the economy’ as figures show it shrinking faster and worst in G7

Revised figures show the UK is slipping even further from its pre-pandemic level

The Independent UK

Investors prefer bonds: How sleepy government bonds became the hot investment of 2022

Treasury bonds paid out much more than usual this year. That's great for investors, but could spell trouble for the government.

WEKU

UK economic growth weaker than first thought, latest figures show

THE UK economy contracted by more than was first thought between July and September with growth also weaker than estimated in a grim set of official…

The National (Scotland)

FTSE 100 Live: Recession-bound UK economy declines 0.3% in Q3

The recession-bound UK economy contracted by 0.3% in the third quarter of the year, slightly more than originally thought.

Evening Standard

New Year spending seen at 3-year high - UTCC

Thailand's consumer spending during the New Year could reach a three-year high of 103 billion baht (US$2.97 billion) as the economy continues to recover from the impacts of the Covid-19 pandemic, the president of the University of the Thai Chamber of Commerce (UTCC) said on Thursday.

Bangkok Post

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Bangkok Post

Time to make the most of deglobalisation

After four decades of fostering integration through trade and finance, the global economy has begun a painful process of fragmentation. Initially driven by wealthy countries -- namely, the US under former President Donald Trump and the UK following the Brexit referendum -- several geopolitical forces have combined to accelerate the…

Bangkok Post

How did China surpass Thailand?

Thailand revolutionised its political and administrative systems in 1932, well before China, which did not start until 1949. The shared drive for this revolution was the economic hardship of the populace. Both Thailand and China were poor nations. Their economy stagnated and was under the control of the privileged groups,…

Bangkok Post

Apec summit expected to generate B600bn

An industry council estimates the Apec Summit 2022 held in Bangkok last month will generate 500-600 billion baht in benefits for Thailand's economy over the next 3-5 years.

Fortune

Top economist Mohamed El-Erian says there’s a ‘new definition’ for a soft landing and argues ‘we can’t avoid a recession’

Americans may have to accept higher inflation, or face a serious recession as the Federal Reserve raises interest rates to get to its 2% inflation target, El-Erian warns.

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The Times of India

Indian economy likely to grow at over 7% in FY23: Arvind Panagariya

NEW DELHI: The Indian economy is likely to grow at over 7 per cent in the current fiscal year, former Niti Aayog vice chairman Arvind Panagariya said on Wednesday, while observing that the growth rate should sustain next year too provided the forthcoming Budget does not have any negative surprises.

Motor1

2022 Honda Passport TrailSport Review: Junior Adventurer

As comfy as ever, Honda’s mid-sizer comes up just a bit short on the Kia Sorento in technology and efficiency.

StockNews.com

4 Stocks That Are Too Good to Ignore Right Now

The Fed’s hawkish stance and decline in consumer spending indicate that the economy could soon tip into a recession. Therefore, investors should consider fundamentally sound stocks Cardinal Health (CAH), United Microelectronics (UMC), MasterCraft (MCFT), and GEE Group (JOB) now. Keep reading….

Los Angeles Times

Michael Hiltzik: A panicky Federal Reserve is driving us into an unnecessary recession

Federal Reserve Board Chair Jerome H. Powell snatched the cookie jar out of the stock market's hands on Dec. 14, when he followed up an announcement of a dovish half-point interest rate increase with a warning that the Fed didn't think it had wrung enough inflation out of the economy…

The Times of India

New Covid outbreak in China, India says no need to panic yet

With another Covid-19 outbreak in China, India Inc is cautiously optimistic that the resilience of the Indian economy will help avoid any large-scale disruptions.

StockNews.com

3 No-Brainer Stocks to Buy Now for the Long Term

Despite widespread macro headwinds, the U.S. economy and its tight labor market look resilient enough to sustain possible downturns in the upcoming term. Moreover, as the stock market is expected to make a comeback soon, Comcast (CMCSA), Elevance Health (ELV), and Waste Management (WM) could be no-brainer stocks to buy…

Birmingham Post

Development Bank of Wales eyeing new British Business Bank funds

Chief executive Giles Thorley said funding to support decarbonisation of the Welsh economy is a key focus

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