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The Latest Breaking News from Economy

Income tax rates confirmed by MSPs as highest earners set to pay more

Public finance minister Tom Arthur said the rate was set against 'one of the most challenging periods for the economy'

The National (Scotland)

Larry Summers says the economy could be headed towards a 'Wile E. Coyote moment'

The Harvard economist warns the economy could walk "off a ledge" sometime this year. “I’m not predicting with confidence that that will happen, but I think the risks are significantly elevated.”

Fortune

Putin says Russian economy will grow in 2023 despite sanctions

President Vladimir Putin on Thursday said Russia's economy had overcome the worst effects of sanctions and was expected to show modest growth this year, despite what he said were attempts to undermine certain industries.

Reuters

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Labour Senator Mark Wall: 'Time to pay apprentices a fair wage'

'Apprenticeships play a crucial role in Ireland’s economy. We simply can no longer continue to undervalue them.'

Irish Mirror

Wait, layoffs and job growth? What's going on with the economy and is recession still coming?

WASHINGTON — Only a few months ago many economists warned that a recession was not just inevitable, it was around the corner. Inflation would take years to curb. Surging unemployment was on its way.

Los Angeles Times

3 Low-Risk Stocks to Buy in February 2023

With the U.S. economy adding significantly higher jobs than expected in January, the Fed could be prompted to raise the benchmark interest rates higher than projected. Amid this uncertainty, it could be prudent to buy less volatile and solid dividend-paying stocks such as KT Corporation (KT), Weis Markets (WMK), and…

StockNews.com

Asean urged to tackle call centre gangs

The Minister of Digital Economy and Society (DES), Chaiwut Thanakhamanusorn, has proposed the setup of an Asean committee focused on fraud prevention from call centre gangs.

Bangkok Post

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Welsh economy sees biggest contraction of any UK nation

The ONS has released latest GDP figures from the nations and regions of the UK

Birmingham Post

What can Starmer learn from Biden? Now is not the time for timidity

Labour’s bowing to business contrasts with the boldness of the US president’s green industrial policies. There is an opportunity to be grasped, says Nick Dearden, director of Global Justice Now

The Guardian - UK

In South Africa, ‘load shedding’ takes a toll on small businesses

Small business owners say the scheduled power cuts are hurting their daily operations.

Al Jazeera

As property prices retreat, top economist isn’t expecting recession

The U.S. economy is likely to avoid a recession, even with a downturn in housing and commercial real estate, economist Mark Zandi predicts.

Tribune News Service

Inflation and recession: Can the world defeat both in 2023?

No, it must accept one, per conventional wisdom. But Europe’s showing another way, though it won’t be painless either.

Al Jazeera

Holidaymaker scores business class seats for 'cheaper than economy' with one switch

One man claims that he was able to bag fancier seats for less than the price of economy tickets.

Daily Record

Shadow Economy in Saudi Arabia Touches 15%

Saudi Finance Minister and Chairman of the Zakat, Tax and Customs Authority (ZATCA) Mohammed Al-Jadaan – during a panel discussion held under the theme “Addressing the Shadow Economy Using Digital Solutions”, as part of the Riyadh-hosted Zakat, Tax and Customs Conference said that the shadow economy today has become prevalent…

Asharq Al-Awsat

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The News Lens

China’s Growth Prospects After Zero-Covid

Despite the IMF upgrading its GDP projection, China is facing major downward pressures that seem likely to constrain its recovery, in both the short and medium term.

The Canberra Times

'Such a big impact': Barr outlines the biggest risk to ACT economy

Mr Barr released a mid-year budget update on Thursday.

Bangkok Post

Thai economic prospects far from rosy

Logically, one would imagine that 2023 would be a much better year than 2022. Covid is over in every corner of the earth and economic activities resume. The world oil price is below US$80 (2,677 baht) per barrel and inflation is coming down. At the first meeting of 2023, the…

Bangkok Post

Small vendor scheme tacks on 25 provinces

An additional 25 provinces will be included in the Digital Economy and Society (DES) Ministry's programme aimed at supporting small vendors to leverage digital tools to improve their business, says DES Minister Chaiwut Thanakamanusorn.

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StockNews.com

3 Stocks With Surprising Growth Potential in 2023

With inflation showing signs of cooling and the probability of a recession declining, there have been slivers of optimism regarding the economic climate. Therefore, investors could benefit from buying fundamentally strong stocks General Motors (GM), Cars.com (CARS), and Apogee Enterprises (APOG), with solid growth potential. Keep reading….

The Guardian - UK

Biden’s State of the Union speech was in stark contrast to Britain’s dearth of economic ideas

The US president’s strategy is a world away from anything the Tories have to offer, says Guardian columnist Martin Kettle

StockNews.com

3 Stocks to Help You Build Wealth in the Market

Receding inflationary pressure and the Fed’s smaller rate hike have raised investor optimism. However, amid additional rate hike fears and associated volatilities, investors could scoop up quality stocks Johnson & Johnson (JNJ), Coca-Cola (KO), and AstraZeneca (AZN) that could help them build wealth in the market. Read on….

The Conversation

Kenya's president wants taxes to replace foreign debt – seven ways to get there

In the run-up to Kenya’s 2022 polls, economic issues, particularly public debt and joblessness, took centre stage. The Kenya Kwanza team led by William Ruto suggested that Kenya had over-borrowed, a habit they pledged to stop. Ruto’s rivals defended the debt, insisting investment in infrastructure would spur economic growth.

StockNews.com

3 Winning Stocks to Buy No Matter What the Market Does

Continuing improvements in economic indicators reflect that the U.S. economy is resilient amid the weak earnings forecasts. However, since the market is expected to remain under pressure for some time, it could be wise to add winning stocks, Oracle Corp. (ORCL), CVS Health (CVS), and Halliburton (HAL), to your portfolio.…

The Guardian - AU

What experts think of the RBA’s interest rate rises – and what they say is coming next

Five leading economists give their views on what’s on the horizon for Australia’s economic future

The National (Scotland)

Rishi Sunak urged to apologise over damage caused by Liz Truss to UK economy

Stephen Flynn asked Sunak to apologise on behalf of the Tory party for Liz Truss crashing the economy after she refused to take responsibility for…

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