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The Latest Breaking News from Economy

The National Broadcasting and Telecommunications Commission (NBTC) plans to hold talks with the Digital Economy and Society (DES) Ministry to allocate some satellite orbital slots for use specifically for the country's security.

Bangkok Post

3 Precious Metals ETFs to Buy for 2023

The stock market is yet to see an end to the Fed’s monetary tightening to control inflation. On top of that, recent economic data reflecting an economic and demographic decline in China is a stark reminder that the global economy, battered by various headwinds, may spiral into a full-blown recession.…

StockNews.com

Davos CEOs have never had a worse feeling about the global economy

The world's business leaders at Davos think the global economy is in for a rough few years. Do they know something we don't?

Fortune

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read the most diverse news in one place.

First Nations entrepreneurs are still fighting 'the white boys club', as major banks try to improve

Major banks and venture capital firms say they want to finance more Indigenous business as this sector grows at a rate higher than the economy, but those from within First Nations enterprise say the finance sector has a lot to improve.

ABC News

Goldman Sachs thinks the economy will actually pull off a soft landing—but adds the S&P will stay flat for a whole year

A "soft landing" doesn't mean stock market investors should celebrate. Goldman Sachs' chief U.S. equity strategist is warning the S&P 500 will end 2023 at 4,000.

Fortune

3 Stocks to Sell Ahead of a Potential Recession in 2023

Fears of an impending recession have been a drag on the stock market for quite a while now. As the Fed continues to stay hawkish, a global recession seems imminent. Hence, fundamentally weak stocks Verve Therapeutics (VERV), Bed Bath & Beyond (BBBY), and Party City Holdco (PRTY) might be best…

StockNews.com

Vladimir Putin’s plans to freeze Europe melt away with warm weather, as his economy withstands bracing winds

The exodus of brands like McDonald's from Russia was once described as "the end of an era". But experts say the withdrawal and sanctions are not shifting public opinion as much as some in the West might have hoped.

ABC News

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3 Stocks That Can Help Keep Your Retirement Account Safe

Although the Fed’s seven interest rate hikes were able to cool inflation in the last three months of 2022, the central bank remains committed to achieving its inflation target by raising interest rates through 2023. As the economy might witness a slowdown, investors could consider adding fundamentally sound and dividend-paying…

StockNews.com

Saudi Arabia, WEF Launch Innovation Accelerator, Explore Collaborations in Global Metaverse Village

A high-level delegation from Saudi Arabia participated in a multilateral meeting with the World Economic Forum’s (WEF) leadership at WEF’s 2023 Annual Meeting in Davos. Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs; Princess Reema bint Bandar Al Saud, Ambassador to the United States; Abdullah bin Amer Alswaha,…

Asharq Al-Awsat

Germany will not fall into recession, Scholz tells Bloomberg TV

German Chancellor Olaf Scholz said on Tuesday he was convinced Europe's largest economy would not fall into a recession despite soaring energy and food prices in the wake of Russia's invasion of Ukraine.

Reuters

Kentucky threatens to divest from 11 banks over ESG policies

Kentucky State Treasurer Allison Ball (R) on January 2 issued a statement notifying 11 banks that their environmental, social, and corporate governance (ESG) policies amounted to energy boycotts that harmed the state’s economy according to definitions passed into law last spring. The statement says the banks have 90 days to…

Ballotpedia

The true impact of strikes in Britain revealed – £6bn and counting

Warning of ‘unsustainable’ hit comes as number of working days lost to strikes hits 30-year high

The Independent UK

Rocks ahead! Leaders struggle at the helm of the world economy

As food prices soar a near record 11.3 percent today, there's a new outcrop of inflation looming, Jonathan Milne reports. NZ and the world now face a hard landing in which millions may lose their livelihoods.

Newsroom.co.nz

Welsh Government has no intention of cutting losses and selling Cardiff Airport says Vaughan Gething

Vaughan Gething said his government will not face a conflict of interest in assessing a freeport bid with Cardiff Airport at its heart

Birmingham Post

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Reuters

German economy minister: recession threatening Europe manageable

Germany's economy minister said that easing gas prices give hope that a recession threatening Europe, and Germany, can be managed and even reduced, and underscored the need to establish more critical infrastructure to create a more resilient economy.

The Conversation

Nigeria’s currency redesign and withdrawal limits: questionable policy and bad timing

The Central Bank of Nigeria launched new banknotes in November 2022. The new notes came into effect on 15 December 2022.

Fortune

IMF chief sees light at the end of the tunnel amid global inflation and recession gloom

Kristalina Georgieva expects growth to bottom out this year.

Asharq Al-Awsat

Putin: Russian Economy Likely Shrank 2.5% in 2022 but Beating Expectations

President Vladimir Putin said on Tuesday that the Russian economy was likely to have shrunk by 2.5% in 2022, but that it was performing better than most experts had predicted. Putin, who was speaking at a meeting with top officials including the finance minister and central bank chief, said real…

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Daily Mirror

'I can't fly economy because my boobs wont fit - they nearly caused an accident once'

Model Anastasiya Berthier with a natural 34KK chest admits she's forced to pay for first-class or business-class seats on airlines as economy can't accommodate her large chest

Reuters

Putin: Russian economy likely shrank 2.5% in 2022 but beating expectations

President Vladimir Putin said on Tuesday that the Russian economy was likely to have shrunk by 2.5% in 2022, but that it was performing better than most experts had predicted.

Reuters

Davos 2023: China reopens its doors with investment pitch to global elite

China's Vice-Premier Liu He welcomed foreign investment and declared his country open to the world on Tuesday after three years of pandemic isolation.

Tribune News Service

Editorial: Shining a brighter light on federal spending bills

The White House drove the country into an inflation mess because it refused to listen to economists and others who predicted the administration’s massive multitrillion-dollar spending spree would overheat the economy. Next time — let’s hope there isn’t a next time, but … — such willful ignorance may be more…

Los Angeles Times

Commentary: Think Big Tech’s thousands of layoffs indicate a coming recession? Think again

Amazon is laying off more than 18,000 workers. Salesforce is shedding 8,000, and Twitter has let go thousands more.

Los Angeles Times

Commentary: California’s budget surplus has vanished and its economy is in danger. It can go one of two ways

The much-celebrated California boom is facing a harsh reality.

Asharq Al-Awsat

Luxury Giant LVMH hits 400 Billion Euro in Market Value

LVMH shares rose to a fresh record high on Tuesday, giving the luxury goods group a market capitalization of 400 billion euros ($434 billion) for the first time and cementing its lead as Europe's most valuable company. Like other luxury companies which are heavily exposed to China, LVMH has benefited…

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