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The Latest Breaking News from Economy

Key business leaders have jointly called on the government to put a cap on the fuel tariff (Ft), a main component of electricity prices, for one year as another "New Year gift" to help Thailand avoid unpleasant impacts as the economy recovers.

Bangkok Post

Germany suspends measures to promote business with Iran

Germany's government is suspending state measures designed to foster business with Iran due to the repression of nationwide protests in the Islamic Republic, the economy ministry said on Friday.

Reuters

Germany Suspends Measures to Promote Business with Iran

Germany's government is suspending state measures designed to foster business with Iran due to the repression of nationwide protests in Iran, the economy ministry said on Friday. The suspension will affect export credits and investment guarantees as well as Germany's manager training and trade fair programs in Iran, the ministry…

Asharq Al-Awsat

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Tunisia Seeks to Cut Fiscal Deficit to 5.5% in 2023, Led by Economic Reforms

Tunisia expects to reduce its fiscal deficit to 5.5% next year from a forecast 7.7% this year, driven by austerity measures that could pave the way for a final deal with the International Monetary Fund on a rescue package. The country has been in urgent need of international help for…

Asharq Al-Awsat

2022 reconsidered: Just how great was Texas’ job market?

This was the year the Texas economy kept crushing it. Or so we thought.

Tribune News Service

Global economic developments expected to complicate outlook for Indian economy: Finance ministry report

NEW DELHI: Global economic developments are expected to complicate the outlook further for the Indian economy next year and there is a need to maintain vigilance on the external front, a finance ministry report said on Friday.

The Times of India

Challenges and opportunities: Scottish businesses round-up 2022 and look ahead to 2023

We've grouped together some business leaders to take the pulse of the economy this year and make predictions for what's next

Insider UK

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What's in store for the Scottish economy in 2023

We asked a range of experts to weigh in on the prospects and trends for the nation's biggest industries

Insider UK

U.S. companies are turning to contractors and freelancers ahead of a recession

Companies are turning to freelancers and contractors ahead of a recession, but it's just the tailend of a gig economy boom.

Fortune

EU graft scandal 'worthy of Narcos' TV series, says bloc's commissioner

The corruption scandal rocking the European Parliament, in which suspects were found with suitcases full of cash, is like something out of crime drama television series "Narcos", EU Economy Commissioner Paolo Gentiloni said on Friday.

Reuters

Raimondo channels CEOs' case for holiday cheer

In an interview with Axios, she says CEOs are "reasonably optimistic" about the economy.

Axios

Macron Urges Lebanon to ‘Get Rid’ of Leaders Blocking Reforms

French President Emmanuel Macron called on Lebanon Friday to "get rid" of its political leadership who have for months blocked reforms vital to save its stricken economy. "The problem with Lebanon is that we must solve people's problems and get rid of those who cannot do it," Macron said, referring…

Asharq Al-Awsat

Experts to Asharq Al-Awsat: Saudi Intellectual Property Strategy to Generate Initiatives, Attract Quality Investments

Saudi Arabia’s Crown Prince Mohammed bin Salman has announced the launch of the National Intellectual Property Strategy to support the Kingdom’s economy based on innovation and creativity.

Asharq Al-Awsat

Asian markets follow Wall St lower on inflation worries

Shares have fallen in Asia after a retreat on Wall Street driven by fears that strong economic data will lead the Federal Reserve to double down on its interest rate hikes to tame inflation

The Independent UK

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Asharq Al-Awsat

Egypt’s Central Bank Raises Key Interest Rates by 300 bps

Egypt's central bank hiked overnight interest rates by 300 basis points on Thursday, warning that inflationary pressures were building, Reuters reported. The bank's Monetary Policy Committee (MPC) raised the deposit rate to 16.25% and its lending rate to 17.25%, it said in a statement. "The MPC judges that demand side…

ABC News

NSW sets new emissions target to become 'engine room' of low carbon global economy

The New South Wales government is ramping up its fight against climate change by setting a new target to cut greenhouse emissions by 70 per cent by 2035.

Bangkok Post

BLS upbeat on Thai stock market rebound next year

Bualuang Securities (BLS) is bullish on the Thai stock market outlook next year as the local economy is on the recovery path while inflation and interest rates are starting to moderate.

WEKU

How life got pricier (and, yes, cheaper!) this year — in 7 charts

Boy, have we talked a lot about inflation. It affected every part of our lives (and the economy) in 2022. Here are some of its highest highs and lowest lows. (It wasn't all bad news!)

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StockNews.com

3 Cheap Growth Stocks to Buy Before 2022 Ends

With the recent positive macroeconomic data, many analysts believe the economy will narrowly avoid a recession. Therefore, it could be wise to add cheap growth stocks ADT (ADT), Celestica (CLS), and Spok Holdings (SPOK) to their portfolios. Read on….

WEKU

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.

Wales Online

Plan decided on how tourism will transform Bridgend

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

The Independent UK

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

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

Asharq Al-Awsat

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…

Fortune

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.

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