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The Latest Breaking News from Economy

Egypt Says Nasrallah’s Statements About Economy Are 'Nonsense'

Spokesman for Egypt’s Ministry of Foreign Affairs Ahmed Abu Zeid on Friday called remarks by Hezbollah Secretary-General Hassan Nasrallah about the economic situation in Egypt “nonsense” and “an attempt to recall fake heroism.” Nasrallah’s statements are likely linked to Egypt snubbing Iranian attempts to open channels for communication between Cairo…

Asharq Al-Awsat

'Vape crusader' hails Scottish Government review into banning disposable e-cigs

EXCLUSIVE: Scots activist Laura Young welcomes inquest by ministers into the single-use devices as an 'exciting development'.

Daily Record

In Chicago, Secretary of State Blinken says Putin has already lost what he wanted in Ukraine

CHICAGO — Making a brief visit to Chicago on Friday, U.S. Secretary of State Antony Blinken said while Ukrainians have suffered tremendously, Russian President Vladimir Putin’s invasion of Ukraine has inflicted “extraordinary damage” on his own citizens and military and that U.S.-led sanctions will take a dramatic toll on Russia’s…

Chicago Tribune

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Phone users warned over malicious apps

The Ministry of Digital Economy and Society (DES) has urged iPhone Operating System (iOS) and Android phone users to look out for some 200 malicious applications and delete them from their devices if found.

Bangkok Post

Investors: Please OPEN Your Eyes

The S&P 500 (SPY) seems to be on the verge of an important breakout above the key level of 4,000. That’s because some are applauding the lowering of inflationary pressures. However, the flip side of that coin is that this is happening because of a recession looming on the horizon…

StockNews.com

3 Nasdaq Stocks to Buy Now and Hold Forever

With inflation moderating and the Fed signaling to slow the pace of its rate hikes, the economy could likely avoid a recession and continue progressing toward a soft landing this year. Thus, fundamentally sound Nasdaq stocks Broadcom (AVGO), PepsiCo (PEP), and Cisco Systems (CSCO) could be wise investments to buy…

StockNews.com

Larry Summers says the economy is looking good—but a potential pitfall for the Fed could still be the 'greatest tragedy'

It's been all good economic news in recent weeks, but the former Treasury secretary warns the final stretch to fight inflation might be the hardest.

Fortune

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Kentucky threatens to divest from 11 banks over ESG policies

Kentucky State Treasurer Allison Ball (R) on January 2 issued a statement notifying 11 banks that their environmental, social, and corporate governance (ESG) policies amounted to energy boycotts that harmed the state’s economy according to definitions passed into law last spring. The statement says the banks have 90 days to…

Ballotpedia

A tale of two job markets

Layoffs signal trouble ahead, yet other key indicators show an economy that's chugging along.

Axios

India, UAE in early talks to settle non-oil trade in rupees

The United Arab Emirates (UAE) and India are discussing ways to boost non-oil trade in rupees as the Gulf country looks to strengthen ties with a major trade partner and boost its economy.

The Times of India

Germany under growing pressure to send tanks to Ukraine

It’s amazing what the Germans can do when they put their mind to it. Prior to February 2022, the country was heavily reliant on Russian gas to heat its homes and power the mighty industries that make it the fourth-largest economy in the world. Before the war, more than half…

Evening Standard

Explained: Why tech giants are laying off staff globally

NEW DELHI: The gloomy outlook for global economy in 2023 has pushed several tech firms and Wall Street titans to lay off staff across offices worldwide.

The Times of India

The Week Ahead: Waiting for the recession during the economic recovery

The end of last year was supposed to be an economic dud. It wasn’t. Instead, the American economy likely continued its rebound.

Miami Herald

Ukraine, climate, economy: Takeaways from glitzy Davos event

Power brokers have wrapped up the World Economic Forum’s annual conclave in the Swiss town of Davos as worries about the war in Ukraine, a warming planet and a cooling global economy dominated discussions about the world’s ills

The Independent UK

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Reuters

Davos 2023: Outlook brighter than feared, fraught with risks

The year ahead looks better than feared for the global economy but remains fraught with risks including escalation of the conflict in Ukraine and the emergence of a transatlantic trade war, the World Economic Forum's final panel concluded.

StockNews.com

The 3 Best China Stocks to Watch

After an end to a challenging year, the Chinese abandoned its strict zero-Covid policy despite the country facing a surge in infections. This year, a sharp rebound in the economy is expected due to its reopening. Therefore, it could be an opportune time to add fundamentally strong Chinese stocks Hello…

The Guardian - UK

Sunak must come up with long-term growth plan, says Tesco boss

John Allan says it is needed to ensure UK economy recovers from cost of living crisis

The Japan News/Yomiuri

Political Pulse / Japan's unbalanced public finances need open-eyed risk management

Japan's government debt has been exceptionally high among major industrialized countries for over two decades. The risks posed by this massive debt must be properly analyzed and managed.

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St. Louis Post-Dispatch

Editorial: Once again, Republicans are threatening to tank the economy to get their way

Like the hockey-masked villain in some cheesy horror flick, the GOP’s debt ceiling caucus just keeps coming back. Once again, the party’s more radical members are threatening to hold America’s full faith and credit hostage by refusing to raise the nation’s debt limit. The Treasury hit that $31.4 trillion limit…

Birmingham Post

Levelling Up funding has been a big let down

The latest 11 projects announced for Wales will do nothing to address the biggest economic challenging of boosting productivity

Evening Standard

New Year economic optimism might not outlast resolutions

City Voices: Economic news has lately been good -- but brace yourselves

Daily Mirror

Millions of homes hit by £116 energy bill hike - despite prices being fixed

Those who have seen their bills increase were customers on Economy 7 electric tariffs which new analysis found rose by 7.6% on average this January

The Guardian - US

US heads for debt-ceiling standoff as House Republicans refuse to budge

Hard-right Republicans say no to ‘clean’ debt ceiling increase, raising dire possibility of US defaulting on financial obligations

Asharq Al-Awsat

Saudi Arabia Launches Food Ecosystems and Arid Climates Challenge at Davos

The Saudi Ministry of Economy and Planning (MEP) and UpLink, the World Economic Forum's (WEF) open innovation platform, launched an innovation challenge designed to crowdsource transformative solutions to enhance food security in countries impacted by low rainfall, drought, and desertification. The Food Ecosystems and Arid Climates Challenge is a global…

France 24

French government plays down cost of strikes after huge turnout against pension reform

Strikes in protest at plans to raise the French retirement age are unlikely to hurt the country's economy, Finance Minister Bruno Le Maire said Friday, after more than a million people rallied across the country in protest at the planned pension overhaul.

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