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The Latest Breaking News from Economy

'Difficult decisions needed' says chancellor as unemployment rises

Jeremy Hunt warned inflation needed to be tackled otherwise it would 'prolong the pain'

Wales Online

Consumers hopeful tide will soon turn on interest rates and home prices, but businesses gloomy

Households are hoping interest rates will reach their peak soon and home prices may start to rise. However, rising inflation and interest rates have businesses worried about the future.

ABC News

Homebuyer confidence rises two years in a row

The homebuyer confidence index in 2022 improved for the second consecutive year as owners of all sizes of businesses were more confident about the current and future economy, according to property research and consultancy Terra Media and Consulting.

Bangkok Post

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read the most diverse news in one place.

Local banks eager to step up regional expansion

Local banks have continued to gear up for regional business expansion, aiming to create higher income from the growth potential of the Asean economy in the post-pandemic period.

Bangkok Post

Detroit Three making vehicles with most emissions, lowest fuel economy, EPA says

WASHINGTON — The Detroit Three automakers again produced vehicles with the most emissions and the lowest fuel economy of any major manufacturers in model year 2021, according to new data from the U.S. Environmental Protection Agency.

Tribune News Service

Top tech brains to shape robotics strategy

Minister for Industry and Science Ed Husic has set up a national robotics strategy committee to advise on boosting automation technologies across the economy.

AAP

Inflation was so bad that it even crushed inflation-linked bonds

As the U.S. economy veered toward the biggest inflation shock in four decades, investors flocked to the one corner of Wall Street that seemed a sure-fire refuge: Treasuries that provide extra compensation to keep up with rising consumer prices.

Tribune News Service

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'Hardline Conservative administration is provoking swathes of strikes across England'

Clapping nurses, carers and others delivering public services during the pandemic then financially slapping them with measly, living standard crushing pay offers is grotesque hypocrisy from a regime accused of relishing confrontation in the hope it deflects from them crashing the economy

Daily Mirror

Government sets new digital goalposts

The government is moving towards the third phase of Thailand's digital landscape development plan in a bid to reach the top 30 of the World Digital Competitiveness Ranking, with the digital economy contributing 30% of the country's GDP in five years.

Bangkok Post

A full-blown European energy crisis next year just became a lot more likely, as China’s reopening means that Europe’s ‘key safety valve’ for energy is gone, according to S&P

Weak energy demand from China has helped Europe survive an energy crisis, but a resurgent economy means the continent’s “key safety valve” is gone.

Fortune

All eyes are on Tuesday's crucial inflation report. Here's how the Fed, the economy, and markets may respond

Investment banks see inflation falling in November, but that may not be enough to protect the U.S. economy from a recession.

Fortune

EPA: US fuel economy flat in 2021, emissions down slightly

A government report says fuel economy for 2021 model year vehicles in the U.S. stayed flat with 2020 as people continued to buy less-efficient trucks and SUVs

The Independent UK

2 Dow Stocks to Buy and Watch in December 2022

The stock market has been under pressure this year amid rising rates and recession fears. However, with the economy showing resilience, experts are now hopeful that if the economy tips into a recession, it will be a mild one. However, given the uncertainties, we believe fundamentally solid Dow stocks, Procter…

StockNews.com

NZ's proposed pumped storage hydropower project will cost billions – here's how to make it worthwhile

Greater electrification of the economy is an essential part of Aotearoa New Zealand’s climate policy, as set out in the emissions reduction plan.

The Conversation

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The Independent UK

UK economy grew in October but Jeremy Hunt warns of ‘tough road ahead’

Gross domestic product grew by 0.5% in October in a bounce back from a 0.6% contraction the previous month

Al Jazeera

Putin cancels annual year-end news conference: Kremlin

Break in tradition comes as Russia’s war in Ukraine falters and its economy struggles under the weight of sanctions.

The Times of India

India fastest growing economy, Opposition raises questions out of jealously: Finance minister in Lok Sabha

NEW DELHI: India is the “fastest-growing” economy under Prime Minister Narendra Modi but there are “people” in the Opposition who keep raising questions over the country's progress just out of “jealousy”, finance minister Nirmala Sitharaman said in Lok Sabha on Monday.

StockNews.com

3 Stocks That Are Screaming Buys for 2023

Although inflation is still sky-high, and the Fed’s rate hikes are expected to continue, experts believe the economy might succeed in avoiding a recession. Given the uncertainties, we think investors should load up on fundamentally sound stocks Bristol-Myers Squibb (BMY), Waste Management (WM), and Hillenbrand (HI) as we head into…

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Birmingham Post

Wales sees a big rise in green job recruitment shows PwC research

The barometer shows that Wales has seen the largest drop in CO2 emissions per worker in the UK.

Birmingham Post

Green jobs more than double in North East but London dominates sector

PwC’s Green Jobs Barometer shows big growth in employment but warns of a looming North-South gap in the green economy

The Conversation

Fed wants inflation to get down to 2% – but why not target 3%? Or 0%?

What’s so special about the number 2? Quite a lot, if you’re a central banker – and that number is followed by a percent sign.

Axios

China's vibe shift

Chinese consumer confidence, a driving force in the global economy, is slumping.

Fortune

Will the U.S. and Europe slide into recession in 2023? Here’s how to look out when economic outlooks don’t

The global economy will remain weird in 2023. Here's what to expect, according to BCG's top economists.

The Guardian - UK

UK recession looms despite one-month economic rebound

Better than expected October GDP figure should not obscure risk of prolonged downturn

The Independent UK

UK economy shrinks 0.3% in three months through October

Britain’s economy shrank in the three months through October, confirming the toll rampant inflation and rising interest rates are having on business and industry

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