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The Latest Breaking News from Economy

SOTU: Biden sees ‘strongest’ economy, but voters don’t believe him - Roll Call

President Biden described in his State of the Union address a recovering economy, but voters just don't agree with him.

Roll Call

ASX closes higher as traders prepare for more rate hikes to come and companies report mixed half year results — as it happened

Equity traders added back almost as much as was wiped off the ASX yesterday, following that ninth hike by the RBA, as more companies reported their earnings. Catch up on the day's financial news and insights from our specialist business reporters on our live blog.

ABC News

NASCAR says summer street race in Grant Park could pump $113 million into economy

The race should also attract many people from out of town — 65% of the expected 100,000 attendees — and fill up downtown hotel rooms and show scenic parts of downtown across the world to millions of viewers.

Chicago Sun-Times

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Biden May Dream of 6 More Years, but His Three Closest Comps Never Got There

What we can learn from the State of the Union addresses by Jimmy Carter in 1979, Richard Nixon in 1971, and JFK in 1963

Reason

3 Stocks That Are Ready to Explode Higher in 2023

Cooling inflation and a tight labor market have raised optimism that the economy might avoid a recession. As the global economic outlook turns optimistic, it could be wise to add quality stocks with solid fundamentals, Marathon Petroleum (MPC), HF Sinclair (DINO), and Overseas Shipholding (OSG), which look well-positioned to soar…

StockNews.com

Saudi Crown Prince Chairs Meeting of Council of Economic and Development Affairs

Prince Mohammed bin Salman, Crown Prince, Prime Minister and Chairman of the Council of Economic and Development Affairs, chaired a meeting for the council on Tuesday. The council reviewed several economic and development issues, including a presentation submitted by the Ministry of Economy and Planning regarding local and global economic…

Asharq Al-Awsat

Explained: What happens if Pakistan defaults on its debt

NEW DELHI: Cash-strapped Pakistan economy is in dire states with plunging currency, soaring inflation, a balance of payments crisis, diminishing forex reserves all amid political chaos and a deteriorating security situation.

The Times of India

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Economists say recession still possible as rates bite

As the Reserve Bank weighs up further rate rises, there are concerns domestic and global factors could stall Australia's economy.

AAP

French, German ministers in Washington to defend EU economies

The French and German economy ministers, Bruno Le Maire and Robert Habeck, kick off high-stakes talks with US officials Tuesday to underscore European concerns over President Joe Biden's ambitious climate action plan.

Radio France Internationale

New department ‘puts science at the heart of government’

Downing Street said having a single department will help make sure the UK is the most innovative economy in the world.

The Independent UK

How to watch and listen to President Biden's State of the Union speech

President Biden is delivering his State of the Union address on Tuesday night at 9 p.m. ET. The speech is expected to highlight the strength of the economy and past legislative wins.

WEKU

Turkey earthquake death toll prompts questions over building standards

Poorly enforced regulations may have exacerbated tragedy in a country whose economy relies on construction

The Guardian - UK

2 Stocks to Buy as Inflation Fears Fade

Investor optimism has increased considerably in the past few weeks thanks to cooling inflation figures, the Fed’s downshift on monetary tightening, and fading recession fears. Moreover, a strong job report reflects a fairly resilient economy. As the prospects for the global economy are improving, investors could consider buying fundamentally strong…

StockNews.com

Wife's fury as husband books her and son on economy flight while he enjoys business class seat

A mother has sparked outrage after revealing how her partner lied and booked the cheapest seats for her and their toddler on a long-haul flight while he had a luxury seat

Bristol Post

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France 24

Towards a greener future: Bhutan, an example to the world on cutting emissions

As European countries struggle to reach their targets on reducing carbon emissions, one small landlocked country in central Asia stands as an example to the world. With nearly three quarters of its territory covered by woodland, Bhutan, with a population of around 780,000, claims to be a carbon-negative economy. As…

Asharq Al-Awsat

Saudi Arabia Seeks to Promote 4th Industrial Revolution Technologies to Raise Productivity

Saudi ministers have revealed the Kingdom’s determination to harness technology in diversifying the economy, with the launching of new investments and activating the full potential of the fourth industrial revolution technologies in various sectors. Speaking during a session held on the first day of the LEAP 2023 conference in Riyadh,…

Asharq Al-Awsat

Saudi Arabia Unveils Investments Exceeding $9 Billion with Launch of LEAP 2023

With the launch of the LEAP Tech 2023 conference - the largest global gathering for technology and digitization developments – on Monday in Riyadh, Saudi Arabia unveiled investments exceeding $9 billion to support future technologies and emerging companies in the Kingdom. More than 700 experts, scientists and specialized companies from…

Reuters

UK's Sunak shuffles cabinet to bolster pledges on economy

British Prime Minister Rishi Sunak reshuffled his cabinet on Tuesday, breaking up two departments to better suit his pledges to spur the economy, reduce energy prices and turn around his party's fortunes before an election expected next year.

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The Independent UK

What time is Biden’s State of the Union address?

President expected to discuss police reform, economy and Ukraine war during State of the Union 2023

Reuters

Germany's Habeck: Could reach deal with U.S. over IRA in critical minerals

German Economy Minister Robert Habeck on Monday said there was a chance that de facto free-trade status could be reached between Europe and the United States in the area of critical minerals under the U.S. Inflation Reduction Act (IRA).

The Independent UK

What time is Joe Biden’s State of the Union address and where can I watch?

President expected to discuss police reform, economy and Ukraine war during State of the Union 2023

Bangkok Post

CRC investing B28bn in retail expansion

Central Retail Corporation (CRC), the country's biggest retailer, plans to invest 28 billion baht to expand its business in Thailand and Vietnam this year.

StockNews.com

1 ETF to Avoid at All Costs

With a robust economy pushing back against the Fed’s efforts to cool it down, less aggressive but drawn-out interest rate hikes by the Fed are set to increase borrowing costs and hurt growing businesses. Hence getting rid of ARK Innovation ETF (ARKK) could be wise now. Read on….

ABC News

Australia's main streets are increasingly multicultural, but one type of success is yet to be measured

Researchers say there is very little data on the contributions that African Australian businesses are making to the economy, so several universities have teamed up to fill that gap — and they hope to change perceptions along the way.

Fortune

The blowout jobs report could have just changed the whole year for markets, according to Goldman’s chief economist

Robust job growth is great news for the economy, but really changes the Fed’s plans.

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