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The Latest Breaking News from Economy

Hunt calls for economic ‘discipline’ to curb cost-of-living pressures - OLD

The Chancellor told a Cabinet away day that inflation is only predicted to fall due to ‘tough decisions’ to stabilise the economy.

The Independent UK

Casualties of Big Tech layoffs find other companies are clamoring to hire them

After a decade-long boom, high-profile tech companies are laying off thousands of workers. But many of the unemployed are in demand outside of tech.

Fortune

Watch: Biden delivers speech in Virginia on the economy

Watch as Joe Biden makes a speech on the US economy at a steamfitters union hall in Virginia.

The Independent UK

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Fox News viewers in shock as host gives gushing defence of Biden economy

Brian Kilmeade offered a couched defense of the president’s economic record ahead of Mr Biden’s upcoming address

The Independent UK

‘Shockingly’ resilient consumers kept Americans out of a recession last year, but now they’re just about spent

Experts weigh in on the latest GDP report. Was the fourth quarter the economy’s final hurrah?

Fortune

Kiwi tech success story becomes the face of Chris Hipkins' workforce crisis

Never mind the chief executives and TV cameras in the CBD – it was a small business grouping in west Auckland that had the new Prime Minister and Deputy Prime Minister as a captive audience, to talk through the challenges for struggling employers. Jonathan Milne reports.

Newsroom.co.nz

America’s China Policy Is Not Working

The dangers of a broad decoupling.

Foreign Affairs

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TikTok Is Not a National Security Threat

Bipartisan efforts to ban the app in America would be a great blow to our economy and our liberty.

Reason

Bill Gates says the rise of China is good for everyone and that Beijing needs to ‘play a stronger role in world governance'

He also warns that negative U.S. attitudes toward China, and vice versa, represent a “lose-lose mentality.”

Fortune

Why labour strife at universities should concern us all

Universities are important public institutions. The education of students and the research undertaken on campuses have a broad impact throughout our economy and society. In Canada, a significant portion of university budgets also comes from government.

The Conversation

IMF mission to visit Pakistan this month to discuss stalled bailout programme

An International Monetary Fund mission will visit Pakistan later this month to discuss the stalled ninth review of the country's current funding programme, the lender's resident representative said on Thursday, with the cash-strapped nation's economy in turmoil.

Reuters

What NZ doesn't need – middle-aged, risk-averse Pākehā men with narrow backgrounds

Chris Hipkins refers to 'bread and butter issues', and Christopher Luxon fails to get beyond platitudinous National positions – Rod Oram asks, why are our politics so dismal?

Newsroom.co.nz

A Tale of Two Industrial Policies

How America and Europe can turn trade tensions into climate progress.

Foreign Affairs

US economy grows 2.9% in Q4 amid slowdown fears: Key takeaways

NEW DELHI: The world's biggest economy grew by 2.9% in the fourth quarter (Q4), data released by the US commerce department showed on Thursday.

The Times of India

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Tribune News Service

US GDP expands at healthy 2.9% pace while slowdown signs mount

The U.S. economy expanded at a healthy pace in the fourth quarter, though signs of slowing underlying demand mounted as the steepest interest-rate hikes in decades threaten growth this year.

StockNews.com

3 Dividend Stocks With 5%-Plus Yields to Buy Now

Although inflation is showing signs of cooling, the chances of the economy escaping a recession are slim due to the Fed’s intention to keep raising interest rates. Amid the uncertain economic and market conditions, investing in high dividend-yielding stocks Honda Motor (HMC), Global Partners (GLP), and Karooooo (KARO) could add…

The Independent UK

EXPLAINER: How will we know if the U.S. is in recession?

A second consecutive quarter of economic growth underscored Thursday that the nation isn’t in a recession despite high inflation and the Federal Reserve’s fastest pace of interest rate hikes in four decades

Axios

U.S. economy expands at 2.9% annual rate in fourth quarter

Over the calendar year, GDP grew by 2.1% in 2022.

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The Independent UK

US economy slowed but still grew at 2.9% rate last quarter

The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession

WEKU

The U.S. economy ended 2022 on a high note. This year is looking different

The U.S. economy grew at an annual rate of 2.9% in the final three months of last year — a surprisingly strong finish. But growth is expected to slow in 2023, and possibly even reverse.

WEKU

What tracking one Walmart store's prices for years taught us about the economy

Inside our shopping cart is a story of global trade, extreme weather, shrinking packages and rising prices.

Asharq Al-Awsat

Yemeni Government Asserts Need to Accelerate Reforms to Protect Economy, Currency

The Yemeni government on Thursday stressed the need to accelerate the adopted reforms to protect the economy and the local currency. The cabinet asserted its commitment to rationalizing spending and ensuring that the population is not affected by the measures taken to increase revenues. Prime Minister Maeen Abdulmalik chaired a…

Reuters

Pakistan seeks U.S. help in unlocking $1.1 billion IMF loan - Dawn

Pakistan has sought support from Washington to unlock a stalled International Monetary Fund programme that would release $1.1 billion to its strained economy as the country rebuilds after last year's devastating floods, Dawn newspaper said on Thursday.

Asharq Al-Awsat

NEOM CEO: We Will Be Model for New Economy Modern Projects, Cities

NEOM will be a model for modern projects and cities that represent the focus of the new economy, said CEO Nadhmi Al-Nasr. It will do so by embracing many different companies and industries while attracting qualitative foreign investments. Al-Nasr pointed to NEOM’s efforts in implementing a circular economy based on…

Asharq Al-Awsat

Egypt Economic Growth Seen Quicker than Government Forecast

Egypt's economy will grow 4.8 percent in the current fiscal year, faster than predicted by the government, but will not meet government targets over the medium term, a Reuters poll showed on Wednesday. The predictions follow the approval last month of a $3 billion financial rescue package from the International…

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