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The Latest Breaking News from Economy

New Year economic optimism might not outlast resolutions

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

Evening Standard

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

Daily Mirror

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

The Guardian - US

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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…

Asharq Al-Awsat

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.

France 24

Asian markets rise after Wall St losses amid recession fears

Asian stock markets are higher after Wall Street losses deepened as worries grow that the U.S. economy is headed for recession

The Independent UK

Inflation and energy bill woes reduce consumer confidence to near-historic low

GfK's Consumer Confidence Index dropped three points in January to minus 45

Wales Online

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Martin Wolf: in defence of democratic capitalism

The marriage of liberal economics and democracy has brought immense benefits to the world, but faces its toughest test in decades. What needs to be done?

Financial Times

Consumer confidence hits near-historic low amid inflation and energy bill woes

GfK’s long-running Consumer Confidence Index dropped three points in January to minus 45 after a short-lived and weak rally in the last quarter.

The Independent UK

11 creator economy insiders who set the agenda behind the scenes

The influencers in buzzy video clips are just one facet of the $100 billion creator economy.

Fortune

The 3 Best Large-Cap Stocks to Buy Now and Hold Forever

Although the latest inflation and employment reports indicate a resilient economy, the Fed’s persistence to keep interest rates high has caused widespread concerns about an economic slowdown. With uncertainties surrounding the economy, we think it could be wise to buy and hold large-cap stocks Merck & Co. (MRK), Coca-Cola (KO),…

StockNews.com

India to be a $3.7 trillion economy in 2023, says RBI article

MUMBAI: India will be a $3.7 trillion economy in 2023, maintaining its lead over the UK as the fifth largest economy of the world, a Reserve Bank article said on Thursday stressing that the macro economic stability is getting entrenched.

The Times of India

Forget inflation, Jefferies says to watch out for a 'disinflation era' like the early 1980s

When former Fed Chair Paul Volcker hiked interest rates to quash inflation in the early 80s, a recession and disinflation followed. Jefferies sees a similar fate for the economy this year.

Fortune

Fewer Americans file for jobless benefits last week

U.S. applications for unemployment benefits fell last week to their lowest level in 16 weeks, defying the Federal Reserve’s attempts to slow the economy and bring down inflation

The Independent UK

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Al Jazeera

Middle East round-up: Egypt economy pounded

Here’s a round-up of Al Jazeera’s Middle East coverage this week.

Birmingham Post

Bank of England Governor Andrew Bailey on inflation, interest rates and recession

Andrew Bailey has been on an official visit to South Wales

Fortune

Davos CEOs are confident a bad economy won't stall climate initiatives or digital transformation

CEOs George Oliver, Bill McDermott, and Julie Sweet say some change is unstoppable.

Tribune News Service

POINT: Biden gets a solid ‘A’ at his midterm

As we approach the midpoint of President Joe Biden’s first term, there is little doubt that he deserves a solid “A.” He has turned the economy around, gotten the pandemic under control, gotten inflation under control and laid the basis for a rapid transition to clean energy. No president since…

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Los Angeles Times

Michael Hiltzik: The US economy is again being held hostage to our ridiculous federal debt ceiling

The individuals in charge of U.S. fiscal policy are often thought to be among the most sober people in the world, so you may be wondering why we're suddenly hearing ideas such as the minting of a trillion-dollar platinum coin or selling $100 face-value Treasury bonds for $200.

Zenger

Former Israeli Prime Minister Naftali Bennett Wieghs In On Controversial Judicial Reforms

“It will harm the foundations of the State of Israel, its economy and its citizens, and it may tear the rope that connects us all”

Bangkok Post

Lunar New Year spending seen at 3-yr high

Thailand's consumer spending over the Lunar New Year period could rise 13.6% to 45 billion baht (US$1.36 billion), a three-year high, as the economy recovers and China's border reopening bolsters tourism, a university survey showed on Thursday.

The Independent UK

Countdown in the offing for political fight over debt

The countdown toward a possible U.S. government default is in the offing

Reuters

New Zealand's Ardern leaves legacy of kindness, disappointments

Jacinda Ardern has put tiny New Zealand on the map in her five years as prime minister, becoming a global icon for left-leaning politics and women in leadership, even as she struggled at home with the economy and COVID-19 restrictions.

Bangkok Post

China reopening ‘not enough’ to power Thai growth to 4% in 2023

An upswing in tourism from China’s reopening will help boost Thailand’s economy, but isn’t sufficient to restore growth to pre-pandemic levels just yet, according to analysts.

Al Jazeera

North Korea pledges to revitalise economy after COVID ‘victory’

The secretive state claims ‘remarkable successes’ after upheaval caused by the COVID-19 pandemic.

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