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The Latest Breaking News from Economy

Beijing seen shifting stance over control over major IT companies

BEIJING -- The Chinese Communist Party and the government is increasingly believed to be loosening its tight controls on the country's major IT firms, such as Alibaba Group Holding Ltd.

The Japan News/Yomiuri

M1 'pinch point' in Nottinghamshire costing economy £4.5m every year

Research also showed there are more than 1,100 hours of delay in peak periods

Nottingham Post

FAA's ground stop proves business needs a functioning government to thrive

Gridlock and partisan stalemate are not good for business or the economy.

Fortune

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read the most diverse news in one place.

North east economy 'will not decline' as oil and gas production falls – Matheson

Meanwhile, the Prime Minister offers 'wholehearted support' for the Scottish oil and gas industry

Insider UK

Kentucky Threatens To Divest From 11 Banks Over Environmental And Social Policies

Kentucky State Treasurer Allison Ball (R) notified 11 banks that their ESG policies had harmed the state’s economy.

Zenger

The Global Economy of 2023 Is Going to Be a Wild Ride

The pillars of prosperity that supported 30 years of growth have crumbled. Now the world has to cope with inflation, labor shortages and geopolitical unrest.

Businessweek

We Asked A Recycling Company Worker What We’re All Doing Wrong It’s A Lot

To help debunk false myths about how to recycle properly, we spoke to the Circular Economy Manager at Containers for Change.

Pedestrian.tv

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1,500 arrested for online fraud, gambling in 2022

More than 1,500 people were arrested for online fraud and gambling last year, said the Ministry of Digital Economy and Society (DES).

Bangkok Post

Signs of economic slowdown alarming

The Thai government, businesses, and citizens are cherishing the news of returning Chinese tourists with the first group of 286 passengers who arrived on Monday. The Tourism Authority of Thailand estimates that 5 million Chinese tourists will visit our country this year, bringing with them 250 billion baht in spending…

Bangkok Post

Can China save its economic miracle now?

China's recent decision to abandon its strict zero-Covid policy has led many to believe that its economy will bounce back. The Economist Intelligence Unit, for example, has revised its forecast for Chinese GDP growth in 2023 upward, to 5.2%. But growth recovery is not automatic, and China must contend with…

Bangkok Post

Falling Russian fossil fuel revenues could deal a lethal blow to Putin's war machine

Vladimir Putin is starting to see the main financing mechanism for his war in Ukraine dry up.

Fortune

Invest NI: 'Urgent action needed to repair damaged relations', review finds

Panel chairman Sir Michael Lyons said: "We were encouraged to be challenging, and we haven't flinched from reflecting back what we found."

Belfast Live

Ukraine war: life on Russia's home front after ten months of conflict

It’s been a year since I last visited Russia. Back then, most people I met thought the prospects of a war with Ukraine were very remote, despite the massive troops build-up on the border. So I was curious to see how attitudes had changed since then. Equally important was to…

The Conversation

The 4 Most Attractive Long-Term Stock Picks

With the Fed expected to keep rates higher throughout this year, the odds of the economy tipping into a recession are rising. Amid ongoing macroeconomic uncertainties, investors may consider buying companies with reliable performance over the years for solid long-term returns. To that end, Pfizer (PFE), Johnson & Johnson (JNJ),…

StockNews.com

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Evening Standard

There’s a crunch coming for London tech, but here’s why that’s not all bad

Tech-wreck. Dotcom crash 2.0. Tech-apocalypse. Call it what you will, the end of the era of quantitative easing and artificially cheap money is causing a profound ripple effect across the global tech economy.

Reuters

'Dangerous' Tunisian droughts threaten food security

Three years of drought have dried up Tunisian reservoirs, threatening harvests that are critical to the North African country's battered economy and pushing the government to raise tap water prices for homes and businesses.

Asharq Al-Awsat

Tunisian Droughts Threaten Food Security

Three years of drought have dried up Tunisian reservoirs, threatening harvests that are critical to the country's battered economy and pushing the government to raise tap water prices for homes and businesses. Since September only 110 million cubic meters of rain fell in Tunisia, about a fifth of the normal…

Dublin Live

Dublin economy stagnates with businesses 'feeling the pinch'

Dublin's economy had grown for eighteen consecutive months as the worst of Covid-19 restrictions lifted, but recorded a decline during the last three months of 2022

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France 24

French pension reform plans raise concern among manual workers

The French government's plan to raise the retirement age from 62 to 64 has many people worried, especially those who work in physically demanding professions. Though the government says there will be possibilities for early retirement based on working conditions, we meet French metalworkers who remain concerned about their future.…

The Independent UK

Davos report: Cost-of-living crisis overshadows climate

A report by the World Economic Forum says climate change is the global economy’s biggest long-term challenge but one the world is least prepared to tackle because of short-term problems led by a cost-of-living crisis

Asharq Al-Awsat

60 States Agree to Transform Region into Major Bridge for Int’l Transition to Renewable Energy

More than 60 government ministers and delegations responsible for their countries’ minerals and metals strategies attended on Tuesday the second Ministerial Roundtable hosted by Saudi Arabia's Ministry of Industry and Mineral Resources in the largest-ever meeting of its kind. The ministers agreed that minerals are necessary to build a cleaner…

Asharq Al-Awsat

China Imposes Transit Curbs for S.Korea, Japan in Growing COVID Spat

China introduced transit curbs for South Korean and Japanese nationals on Wednesday, in an escalating diplomatic spat over COVID-19 curbs that is marring the grand re-opening of the world's second-largest economy after three years of isolation. China removed quarantine mandates for inbound travelers on Sunday, one of the last vestiges…

Tribune News Service

Commentary: We should celebrate, not bemoan, the swift collapse of FTX

If indeed all the reports are true— that the cryptocurrency exchange FTX lent out billions of dollars in customer deposits for risky bets without their consent — then the world should celebrate its swift demise. Markets are ruthless in rewarding success and punishing failure. And FTX’s fall from grace over…

The Independent UK

Asia stocks echo Wall Street rally as inflation report looms

Asian shares are trading higher, boosted by a rally on Wall Street that came ahead of some potentially market-moving reports scheduled for later in the week

The Conversation

COVID-19 turned global supply chains upside down – 3 ways the pandemic forced companies to rethink and transform how they source their products

This is the sixth and final installment in our series on where the global economy is heading in 2023. It follows recent articles on industrial action, inflation, energy, food and the cost of living.

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