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The Latest Breaking News from Economy

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

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.

France 24

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

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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.…

Bangkok Post

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

The Independent UK

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.

Fortune

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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.

Tribune News Service

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

Daily Mirror

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

The Guardian - UK

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.

Reuters

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.

Birmingham Post

Autumn statement 2022: what Sunak's first big announcement tells us about how he will lead the country

Understandably, much of the focus on the autumn statement – the plan for the UK’s finances outlined by chancellor Jeremy Hunt on November 17 – is on its economic impact. But all economic policy making has considerable political significance.

The Conversation

Revenue seize 51,500 litres of beer after spotting 'unaccompanied trailers'

The bust came as part of ongoing operations targeting the shadow economy and smuggling

Irish Mirror

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The Independent UK

UK economy damaged by ‘own goals’ like Brexit and Liz Truss’s Budget, economists say

Institute for Fiscal Studies says UK faces ‘long, unpleasant journey’ over next few years

The Independent UK

Relief meets fear as UK budget calms economy but brings pain

Britain’s Conservative government is defending its decision to hike taxes for millions of working people in the “squeezed middle” class as it tries to shore up an economy battered by double-digit inflation

The New Daily

Wheels fall off the gig economy for Deliveroo

The government has committed to introducing legislation in 2023 for gig economy workers.

Birmingham Post

Fund worth £20m to back Liverpool start-ups and create jobs announced

The initiative would see money invested in companies in return for equity

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The Orange County Register

Editorial: California’s eternal poverty problem demands more than government checks

Fewer people were in poverty in California in 2021 than in 2019. That’s the good news. The bad news is that this was due only to government relief payments, not to an improving economy or more job opportunities.

The Independent UK

Jeremy Hunt insists non-dom tax loophole is good for the economy

But chancellor says he does not have figures to base decision on

Al Jazeera

What are the key issues in Nepal’s national elections?

About 18 million people are eligible to vote for members of parliament and seven provincial assemblies in Sunday polls.

The Guardian - UK

Jeremy Hunt says axing nom-dom status would be ‘wrong thing’ for UK

Chancellor defends keeping tax status as he warns of ‘challenging times’ and suggests Brexit has affected economy

The Guardian - UK

Hunt’s plan may please the markets, but austerity without real growth would be fatal

There will be no recovery unless the chancellor addresses low productivity, the green economy and trading relations post Brexit, says economist Mohamed El-Erian

Birmingham Post

Wales the only UK nation not to see growth in its economy shows new ONS figures

Based on the GDP measure in the first three months of 2022 growth in Wales was flat

Asharq Al-Awsat

Amazon Confirms it Has Begun Laying off Employees

Amazon confirmed on Thursday that it is laying off staff, after days of rumors that the e-commerce behemoth would become the latest tech giant to unleash a large-scale redundancy plan amid a souring economic environment. "The economy remains in a challenging spot and we've hired rapidly the last several years,"…

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