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The Latest Breaking News from Economy

Why Australia is stuck with these low productivity rates

Politicians like to bemoan low productivity but the causes are complex and baked into the economy

The Guardian - AU

Brexit isn’t to blame for our current problems; it is still an opportunity

Whether that opportunity is seized or squandered is yet to be seen but the dire predictions didn’t happen

The Guardian - UK

Analysis-Egypt eyes diplomatic payoff from hosting COP27 climate summit

When Egypt hosts the COP27 climate summit this week it will be hoping for an injection of international legitimacy as well as green financing at a time when its economy has been struggling and it has faced rising criticism over human rights.

Reuters

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Minister Catherine Martin reveals details of €4m fund to bring artists to nighttime gigs all over Ireland

And the minister said she is especially focused on small towns and villages in rural Ireland

Irish Mirror

Gig workers left to go it alone

On a busy Thursday afternoon in downtown Bangkok, 800 motorcycle delivery drivers clad in iconic green vests converged to protest in front of Grab headquarters on Phetchaburi Road to air their frustration towards its new policy which requires drivers to book a time slot and area to work in.

Bangkok Post

After a hell of a ride, Victoria's economy is on the up — but where are the workers?

Whoever wins this month's election will inherit an economy showing signs of pandemic recovery as the state's net debt climbs to dizzying heights. But the biggest challenge could be filling a major skilled worker shortage across a raft of critical sectors.

ABC News

Lula transition team invites experts who helped stabilize Brazil economy in 1990s - sources

Brazilian President-elect Luiz Inácio Lula da Silva's transition team has invited two economists, Persio Arida and Andre Lara Resende, who helped design the Real Plan that stabilized the economy in the 1990s, two sources with knowledge of the matter said on Saturday.

Reuters

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Haitians hope for fuel supplies after police break up gang blockade at terminal

Haitians on Saturday hoped for a quick return of fuel supplies after police broke up a gang blockade that for two months had left the economy without gasoline or diesel and triggered a humanitarian crisis.

Reuters

China Doubles Down on Zero-Covid

China said on Saturday that it would "unswervingly" stick to its zero-Covid policy, dampening the outlook for global markets following their recent surge on hopes that Beijing would cast aside some of its economically damaging virus curbs. China is the last major economy wedded to a strategy of extinguishing outbreaks…

Asharq Al-Awsat

White women have been voting against their (reproductive) interests for years

The latest polls are a sobering reminder that some women will vote in ways that threaten their bodily autonomy if it helps bolster their status

The Guardian - US

Allison Schrager: Republicans’ plan to fix the economy is … we’re still waiting

It's easy to criticize the Democrats’ economic policies now that they have had a few years in power and passed several big bills, but also because they've articulated a clear economic vision for the country: expanding the government’s role in the economy with more generous social programs, higher taxes for…

Tribune News Service

From Russia with cash: Georgia booms as Russians flee Putin's war

As war chokes Europe, a small nation wedged beneath Russia is enjoying an unexpected economic boom.

Reuters

We need serious public policy, not more printed money – the US economy is in tatters

Decades of bailouts have convinced some that the Fed will always come to the rescue – but this only papers over the fundamental flaws of the US economy

The Guardian - US

Biden stumps on job growth, as voters dread inflation

President Joe Biden has notched an envious record on jobs, with 10.3 million gained during his tenure

The Independent UK

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Bangkok Post

BoI seeks to boost FDI

The Board of Investment (BoI) is planning to increase outlays by strengthening Thailand's status as an attractive production base, part of efforts to achieve a "new economy" goal.

StockNews.com

3 Stocks to Buy With Rising Recession and Rate Risk

The stock market continues to be a challenging environment with rising rates a potent headwind. So far, the economy has been stable enough so that earnings growth has not contracted, but this is unlikely to persist the longer the Fed stays hawkish. This article discusses characteristics of stocks that are…

Tribune News Service

In midterms, inflation and border overshadow fears for democracy and abortion rights

WASHINGTON — Unless nearly every pollster in America is wrong, Republicans will retake the House in Tuesday’s midterms, and maybe the Senate.

Tribune News Service

Inflation is ‘insidious’: Bank of America CEO Brian Moynihan talks possible recession

Brian Moynihan took on one of the toughest jobs in the world in 2010: turning around the largest bank in America following a devastating financial crisis.

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news in one place.

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Tribune News Service

Is the US already in a recession? Economists and biz leaders disagree

Most Americans think the U.S. is in a recession right now.

Bangkok Post

Spending to hit 5-year high during Loy Krathong festival

Consumer spending during the Loy Krathong festival is projected to be the highest in five years, helped by the country's reopening to foreign visitors and the government's stimulus measures.

StockNews.com

Buying These 2 Stocks Could Be the Best Move You Ever Make

With an albeit decelerating yet solid employment report for October playing into the rationale for slower yet surer hikes by the Fed, the economy seems to be on the brink of a recession. Amid an uncertain economic backdrop, It could be wise to invest in fundamentally strong stocks, Abbott Laboratories…

The Guardian - AU

Can Labor provide cost-of-living relief without feeding inflation and interest rates? An expert panel responds

Anthony Albanese says the government can’t afford to provide energy payments or other relief because to do so would put even more pressure on the RBA to raise interest rates – is he right? Three economists have their say

The Guardian - AU

Hyperventilation around the workplace overhaul feels like a curtain raiser for Labor’s next thought crime – cutting emissions

When it comes to industrial relations reform, there is no interest like self interest

The Guardian - UK

The Guardian view on Brexit and the economy: time to face facts

Editorial: Denying the cost of leaving the EU keeps Britain locked in a cycle of falling living standards and rising anger

The Guardian - UK

It’s not the economy, stupid – the focus must be on people

Letter: Andrew Climo on the narrative Labour needs to establish to ensure victory over the Conservatives at the next general election

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Luiz Inácio Lula da Silva

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