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The Latest Breaking News from Economy

Economy sees growth boosted by tourism revival

The economy enjoyed healthy expansion in the third quarter, officials said on Monday, with the return of international tourists helping to offset persistently high inflation.

Bangkok Post

Oil plunges to 10-month low as Saudi Arabia ‘considers Opec+ production increase’ – as it happened

Saudi Arabia and other OPEC oil producers are discussing an output increase. WSJ reports , which could help heal rift with the Biden administration

The Guardian - UK

FTSE 100 Live: Stocks weaken on China’s Covid surge, Compass posts results

Public sector borrowing in October stood at £13.5 billion, a much smaller figure than the City had expected.

Evening Standard

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Win a pair of return Emirates Premium Economy flight tickets to Dubai

Arrive at this must-see destination in style - with comfy seats, great food and top entertainment at your fingertips

Daily Mirror

Red Cross: Afghans Will Struggle for Their Lives This Winter

More Afghans will be struggling for survival as living conditions deteriorate in the year ahead, a top official of the International Committee of the Red Cross said in an interview, as the country braces for its second winter under Taliban rule. The group’s seizure of power in August 2021 sent…

Asharq Al-Awsat

Anas Sarwar: Tories have crashed the economy but there's not a word of apology

People need to come together across the UK to boot the Tories out, says Mr Sarwar.

Daily Record

Younger Chinese are spurning factory jobs that power the economy

Growing up in a Chinese village, Julian Zhu only saw his father a few times a year when he returned for holidays from his exhausting job in a textile mill in southern Guangdong province.

Reuters

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End Brexit rows and use immigration to solve worker shortage, CBI chief to tell MPs

‘The best guarantor of Brexit is an economy that grows. Its biggest risk is one that doesn’t,’ Tony Danker says

The Independent UK

A showcase for the BCG model

The Asia-Pacific Economic Cooperation (Apec) summit offered a glimpse into how countries plan to deal with uncertainties post-pandemic as well as the Thai government's push towards a new economic model.

Bangkok Post

Why Franco-Thai relations matter

Under Thailand's Apec Host Year theme of "Open. Connect. Balance", Thailand has worked hard to promote trade and investment that is open to all opportunities, reconnect the region, and drive Apec towards a balanced, inclusive, and sustainable post-Covid19 growth through the Bio-Circular-Green (BCG) Economy Model.

Bangkok Post

Nepal votes to elect new government to revive economy

Over 60 percent of Nepal’s eligible voters cast their ballots at the polls amid high inflation and unemployment.

Al Jazeera

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 Guardian - UK

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 Independent 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.’

Tribune News Service

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.

The Guardian - UK

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

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Newsroom.co.nz

'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.

Asharq Al-Awsat

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…

The Independent UK

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

Reuters

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.

The National (Scotland)

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…

Caixin Global

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

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