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The Latest Breaking News from Economy

Sisi: First Egyptian President to Visit Armenia

Egypt and Armenia have agreed to enhance cooperation in various fields, especially in the economy and the exchange of expertise On Saturday, President Abdel Fattah El-Sisi arrived in Yerevan on the first visit by an Egyptian President since Armenia's independence. Sisi held closed talks with Armenian President Vahagn Khachaturyan at…

Asharq Al-Awsat

World Bank: Myanmar economy to grow 3%, dragged by conflict

World Bank economists say Myanmar's economy grew 3% last year and will likely achieve the same pace in 2023, but still lags far behind where it stood before the army seized power in early 2021

The Independent UK

Will Europe's ban on Russian diesel hike global fuel prices?

Europe is cutting more energy ties with Russia

The Independent UK

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Germany on brink of recession as economy shrinks; central banks may raise interest rates to 15-year highs this week – as it happened

German GDP shrank by 0.2% in Q4 2022, worse than expected, as investors anticipate borrowing costs to be hiked again this week

The Guardian - UK

North Korea could get a vital lifeline from arms sales to Russia

Russia’s hunt for weapons to fire at Ukraine could provide a lifeline for North Korea, where even a relatively modest arms deal would help lift the country’s cash-starved and stagnant economy into growth.

Tribune News Service

Scholz seeks to secure more critical minerals on South America tour

German Chancellor Olaf Scholz lobbied this week for South America to prioritize cooperating with Germany in its commodities sector as Berlin joins the race for critical minerals, with lithium key for its auto industry.

Reuters

Prospects await in 'land of diversity'

India is set to become the world's most populous nation this year, overtaking China, according to the latest UN report on the global population.

Bangkok Post

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Sunak’s sitting on the sidelines is penny wise and pound foolish in uncertain times

PM needs to unfreeze from headlights of dire UK economic position and partner business in boosting investment

The Guardian - UK

Belfast visit from London 'Night Czar' Amy Lamé to help night economy

Amy Lamé, the London 'Night Czar' visited Belfast on Thursday to review the night economy picture

Belfast Live

'We've been at Gorton Market for 47 years but now we have to close'

Manchester council wants to expand the market, opening it up onto a new town square and offering more food and drink to create a night-time economy - but some won't survive to see it

Manchester Evening News

'I hate to Pooh-Pooh Jeremy Hunt's Tiggerish optimism, but I'm more of an Eeyore'

Columnist Rachael Bletchly says Chancellor Jeremy Hunt's sudden reinvention as a full-on glass-half-full optimist bent on getting the economy bouncing like Tigger is a load of old Poohsticks

Daily Mirror

Nigeria's Atiku joins calls to extend deadline on old banknotes

Nigerian opposition presidential candidate Atiku Abubakar urged the central bank on Saturday to extend a Jan. 31 deadline to phase out old high-value banknotes, a measure many Nigerians fear will disrupt business in the cash-reliant economy.

Reuters

Sri Lanka economy could shrink by -3.5% to -4%, president says

Sri Lanka's economy could contract by -3.5 or -4.0% in 2023 after shrinking -11% last year, President Ranil Wickremesinghe said on Saturday.

Reuters

Saudi Sherpa Discusses Priorities of G20 Meetings in India

Saudi officials reviewed the priorities of the G20 for the current year, which include supporting global economic growth in light of geopolitical tensions, strengthening global value chains and flexible logistics services, in addition to a range of issues related to health, energy, food security, education, tourism, the labor market and…

Asharq Al-Awsat

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Fortune

Everywhere you look, the economy is in a deep freeze. But does that mean a recession is coming?

From the housing market to venture capital activity, many parts of the economy are in a deep freeze. And experts say they may not thaw out until next year.

Tribune News Service

Is China's shrinking population an economic cause for alarm in the US?

Data released recently by the Chinese government shows its population has begun to shrink and that has some economists worried about the global economy.

Bangkok Post

Southeast Asia poised to scale up digital drive

Digital development is likely to be scaled up in Southeast Asia this year, defying a global economic slowdown and the headwinds of monetary tightening, says London-based think tank Asia House.

Bangkok Post

SET gains as Asian bourses enjoy upbeat week

RECAP: Asian stocks rose on Friday and were poised for their fifth straight week of gains as China's reopening and data highlighting a resilient US economy boosted investor sentiment.

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Bangkok Post

A changing view of the global economy

Since the beginning of the year, the global investment outlook has been developing based on what economists and investors have projected:

Newcastle Herald

Business Hunter applauds 'unheard of' low regional jobless rates in latest ABS figures

Good news for Hunter although national economy 'in slow decline'

StockNews.com

3 Stocks That Could Make You a Millionaire in the Long Term

With economic growth moderating just enough to keep hopes of a Fed-engineered ‘soft landing’ alive, shares of fundamentally strong, resilient, and growing businesses AT&T (T), Amgen (AMGN), Humana (HUM) could be worth investing in for sustained risk-adjusted returns. Continue reading….

The Texas Tribune

Texans pessimistic about the national economy and losing faith in democracy, poll says

More than 60% of Texans polled by Texas Lyceum said the country is on the wrong course, and the poll found steep drops in the number of people who think democracy is the best form of government.

The Guardian - UK

The Guardian view on Tory austerity: an unpopular policy returns

Editorial: Public spending is needed to green the economy and repair public services. But the chancellor plans £100bn in cuts

StockNews.com

2 Large-Cap Stocks to Buy Before the End of January

Growing concerns over the economy’s uncertainties and yet-to-be-tamed inflation have led to widespread worries about an economic slowdown. Therefore, fundamentally strong large-cap stocks Walmart UnitedHealth Group (UNH) and VMware (VMW) could help stabilize your portfolios amid the volatile economic backdrop. Read more….

The Independent UK

Lots of sound and fury on US debt, but not a crisis — yet

For all the sound and fury about raising the nation's debt limit, most economists say federal borrowing is not at a crisis point

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