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The Latest Breaking News from Economy

How the Russian economy is defying and withstanding western sanctions

Since Russia first invaded Ukraine in February 2022, western media has frequently suggested that economic sanctions against the Russians are going to stifle the war effort or even bring the country to its knees.

The Conversation

Thatcher and Lawson had a strategy – where is Hunt and Sunak’s?

UK’s crisis has similarities to that of 1980s but our ‘two chancellors’ plan only to muddle through

The Guardian - UK

Did Jeremy Hunt’s budget rescue the Tories – or is the game up?

In the shadow of the Truss debacle and with hard times ahead, the chancellor faced a ‘politically impossible’ job, according to a former Tory minister. But the party’s morale is at rock bottom

The Guardian - UK

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The first step to Britain’s economic recovery is to start telling the truth

We have all been deluding ourselves for too long – let’s admit what ails us and finally move on

The Guardian - UK

Women £574 a year worse off compared to when Tories came to power – Labour

Anneliese Dodds said: ‘The Conservatives have crashed the economy and, as usual, they have lumped women with the bill.’

The Independent UK

Malaysia faces hung Parliament with polls too close to call

Malaysia is heading for its first-ever hung Parliament as coalitions led by Prime Minister Ismail Sabri Yaakob, opposition leader Anwar Ibrahim and former premier Muhyiddin Yassin are poised to fail to win a majority, fueling political uncertainty in an economy on a fragile rebound.

Tribune News Service

The Observer view on Britain’s financial crisis being made in Russia – oh, come off it, Jeremy Hunt

Britain is largely in the mess it’s in because of a decade of Tory austerity policies, compounded by the destructive lies told about Brexit

The Guardian - UK

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'Developing' China won't pay into climate loss fund

A big sticking point in the final hours of the global climate summit remains China's insistence it is still a 'developing' economy by old UN definitions and should not pay

Newsroom.co.nz

West Coast economy surges ahead of the rest

The economy of a region traditionally at the bottom of the deprivation index is outstripping our national one. Lois Williams asks why.

Newsroom.co.nz

Tunisia Says Seeking Partners for $3.2 Bln of Projects

Tunisia is seeking international partners for investment projects worth 10 billion Tunisian dinars ($3.2 billion), economy minister Samir Saied said on Saturday at a summit of leaders of French-speaking countries it is hosting. Saied also signed a $200 million financing agreement with France that will help support the North African…

Asharq Al-Awsat

Rayner demands general election after Hunt unveils ‘nightmare’ Budget

IFS warns UK economy damaged by series of own goals, including Liz Truss’s mini-Budget

The Independent UK

Brazil's Lula: Fiscal responsibility crucial but must also spend to improve country

Brazilian President-elect Luiz Inacio Lula da Silva said on Saturday that fiscal responsibility was crucial but that spending to improve the country's economy and welfare was equally important.

Reuters

Chancellor Hunt is taking voters for fools with delayed cuts

THE UK economy is in recession. Taxes are at their highest in 70 years. According to the Office for Budget Responsibility, living standards are…

The National (Scotland)

Caixin Summit: China Should Set GDP Target of No Less Than 5% for 2023, Top State Economist Says

Liu Shijin, a member of the top political consultative body, said momentum was building for a turnaround next year after a slowdown in 2022

Caixin Global

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France 24

Francophone countries meet in Tunisia summit amid democracy, economy concerns

The world's French-speaking countries gathered in Tunisia on Saturday for talks focused on economic cooperation, but faced calls to do more to resolve international crises.

Bangkok Post

BoT frets over global conflicts, campaign pledges

Bank of Thailand governor Sethaput Suthiwartnarueput said he is concerned about the impact of geopolitical conflicts and the possible risk of what he described as "strange political campaigns" on the economy.

Bangkok Post

Ukraine in focus at Apec

Most of the Asia-Pacific Economic Cooperation (Apec) leaders condemned the war in Ukraine while acknowledging that there are different views and assessments of the conflict.

Bangkok Post

BCG Economy and Apec: Just empty rhetoric?

The Apec Leaders' Summit in Bangkok this week includes an agreement to work toward the "Bangkok Goals" on Bio-economy, Circular Economy and Green (BCG) Economy beyond national borders. Many have raised the question of whether the Thai government, as host to the summit, genuinely aims to push forward this goal.…

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The Independent UK

Jeremy Hunt told to ‘come clean’ on economic cost of non-dom tax status

The IFS said abolishing non-doms would be worth around £3bn a year to the economy – roughly the same amount that will be added to next year’s NHS budget

Fortune

Old ways of working won’t meet the challenges of the next economy

There is no turning back: The future of work is global, untethered, equitable, and hyper-efficient.

Tribune News Service

Fired by Musk or Zuckerberg? The Old Economy welcomes you

As Meta Platforms Inc., Twitter Inc. and other leaders of the new economy embark on an unprecedented round of firings, the stalwarts of the old economy are waiting with open arms.

Daily Mirror

Woman refuses to board flight after spotting which seats fiancé booked for her kids

The woman realised that her fiancé had booked the two of them, and his three children from a former marriage, into first class, while her children were languishing back in economy

The Guardian - UK

We are being failed by the economy

Letter: Only a shift away from the blind pursuit of growth towards a wellbeing-centred economy will restore the vitality of our societies, writes Prof Lorenzo Fioramonti

Reuters

Blackouts hit Ukraine's small businesses, and wider economy, hard

Oleksii Revutskyi rolls his eyes when talking about the challenges Ukrainian businesses have faced lately.

Birmingham Post

A tough Autumn Statement but some positives on R&D and innovation

Public spending on R&D will increase to £20bn a year by 2024-25, a cash increase of around a third compared to 2021-22.

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