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The Latest Breaking News from Economy

7 ways Britain is falling apart while the Tories squabble amongst themselves

While the Tories spat about whether to put Boris Johnson back in Downing Street, the nation is creaking at the seams in the NHS, food banks and the wider economy

Daily Mirror

Factbox-Key ministers in new Italian Meloni government

Italian Prime Minister Giorgia Meloni's government was sworn into office on Saturday. Her cabinet was made up of 24 ministers. Here the profiles of some of the key figures:

Reuters

Boris Johnson 'booed' by passengers as he flies to UK in economy

'Fellow economy passengers were positioning themselves for selfies,' said a Sky reporter

Wales Online

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China's Communist Party moves to solidify Xi Jinping's power in leadership shuffle

Two notable members were removed from the upper leadership ranks. The congress also approved the addition of new wording to the party charter that cements Xi's role as the so-called core of the party.

WEKU

Italy’s far-right Meloni becomes country’s first woman to lead government

Far-right leader Giorgia Meloni was named Italian prime minister on Friday, becoming the first woman to head a government in Italy. Her appointment is an historic event for the eurozone's third largest economy and for the Brothers of Italy party, which has never been in government.

Radio France Internationale

Saudi Minister of Energy Meets Indian Officials in New Delhi

Saudi Minister of Energy and Chairman of the Ministerial Committee for Economy and Investment in the Saudi-Indian Strategic Partnership Council arrived in India on Friday. During the visit, Prince Abdulaziz bin Salman bin Abdulaziz held meetings with Indian Minister of Commerce and Industry Piyush Goyal, Minister of Petroleum Hardeep Singh,…

Asharq Al-Awsat

UK economic outlook downgraded to 'negative' amid chaos after Liz Truss resignation

The ratings agency Moody's says the downturn is due to the political instability and high inflation in the aftermath of PM Liz Truss' resignation in a report published last night

Daily Mirror

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Political instability sees UK economic outlook downgraded by ratings agency

Moody’s said the change in outlook was driven by ‘heightened unpredictability in policymaking’.

Evening Standard

Xi Jinping expands power, elevating loyalists, forcing out moderates

China’s leader, Xi Jinping, extended his formidable dominance on Saturday, advancing a contingent of Communist Party loyalists ready to defend his personal power and expand the state’s influence over the economy and on national security.

Bangkok Post

Two polls show Republicans pulling ahead nationwide. What that could mean for Pa.’s top races.

PHILADELPHIA — National political trends are shifting in Republicans’ favor as inflation assumes an even more dominant position in voters’ minds, according to two recent polls — a potentially significant development for key Pennsylvania races that could be decided by just a few percentage points.

The Philadelphia Inquirer

Analysis: Biden sharpens final midterms pitch by ramping up rhetoric, touting economic gains

WASHINGTON — President Joe Biden is sharpening his final sales pitch for next month’s midterm elections, casting himself as fully in control of a solid economy even as economists and Republicans warn of a coming recession.

Tribune News Service

Fade the Friday Rally

Bull markets do not go straight up. There are plenty of down days, weeks and even months for the S&P 500 (SPY) added into the mix. Conversely bear markets do not go straight down. In fact, they have some pretty sizeable rallies that come along the way often clouding the…

StockNews.com

Chalmers offensive: crunch time as treasurer faces first federal budget

A volatile global economy looms as Jim Chalmers assembles the Albanese government’s inaugural budget, where he will be judged on delivering on election promises while exercising restraint

The Guardian - AU

India needs to follow Chinese e-commerce model for effective taxation, integrating rural economy: Arun Kumar

NEW DELHI: India needs to follow the Chinese e-commerce model rather than following the US model for effective taxation and integrating small vendors, especially in rural areas, suggested a noted economist Arun Kumar on Friday.

The Times of India

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Daily Mirror

Alastair Campbell: 'Tories have made Britain the laughing stock of the world'

Former Labour spin doctor Alastair Campbell says Boris Johnson, Liz Truss and Brexit have crashed the economy and trashed Britain's reputation around the world, turning the UK into a laughing stock

Roll Call

‘Mega MAGA trickle-down’: Biden sharpens final midterms pitch - Roll Call

President Biden is casting himself as managing a solid economy even as Republicans and economists warn of a coming recession.

Reuters

Italy's Giorgetti named economy minister, Tajani foreign minister

New Italian Prime Minister Giorgia Meloni on Friday named Giancarlo Giorgetti of the League party as her economy minister and said the foreign ministry will go to Antonio Tajani from Forza Italia.

The Independent UK

LOCALIZE IT: How to tell inflation story for your audiences

EDITORS/NEWS DIRECTORS:

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Reuters

Low-key 'fixer' Giorgetti named Italy's economy minister

Giancarlo Giorgetti, Italy's new economy minister, is a veteran political wheeler-dealer viewed as a moderate and relatively pro-European member of his right-wing League party.

The Times of India

India’s economy lighting up on peak festive season demand

Shoppers in India are back in force online and in stores, splurging this festive season after the coronavirus pandemic damped celebrations and consumption in previous years.

Evening Standard

Jeremy Hunt vows to ‘drive down’ government debt after leap to £20bn

‘Strong public finances are the foundation of a strong economy’, chancellor says

Evening Standard

The Standard View: Britain needs a leader to get a grip, and fast

After 44 days in office, inflicting damage to the economy and temporarily reducing Britain’s global standing to a punchline, Liz Truss acknowledged that she could not “deliver the mandate” on which she was elected by the Conservative Party. The question now is not only who replaces her, but what comes…

Wales Online

Brits are too polite to haggle and it costs us almost £300 a year

Gumtree has partnered with TV presenter Oobah Butler, known for his Stock Market trades on Instagram to offer consumers top tips on bagging a bargain

Salon

GOP is bad on abortion — and inflation

Republicans have no ideas on how to fix the economy — and what they are planning will only make things worse

The Independent UK

Stability of UK economy in Ireland’s interest, country’s finance minister says

Paschal Donohoe said he hopes close cooperation between the two countries can resume with a new UK Prime Minister.

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