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The Latest Breaking News from Economy

What's the difference in the UK and Scotland's approach to tackling climate change?

RISHI Sunak has reaffirmed the UK Government’s commitment to clean growth as a method of dealing with the climate crisis.

The National (Scotland)

Australia's gas economy tops $70bn a year

Amid pressure for an extra tax on gas profits, the industry is mounting a defence of its importance to the Australian economy.

AAP

Block, Eli Lilly And 2 Other Stocks Insiders Are Selling

The US economy added 261,000 jobs in October, while the unemployment rate increased to 3.7% during the month. Investors, meanwhile, focused on some notable insider trades.

Benzinga

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Al Jazeera’s guide to the US midterm elections

Economy, abortion rights, the future of democracy: Al Jazeera breaks down what’s at stake in key US vote.

Al Jazeera

Ministry drafts 'tough measures' to curb cyber crimes

Tough measures to suppress and prevent cyber crimes, including swift action against proxy accounts transferring fraudulently obtained money, will soon be submitted for cabinet approval, according to the Digital Economy and Society (DES) Ministry.

Bangkok Post

Rural Texas is the state’s foundation. And it’s in jeopardy.

Downtowns are deserted, hospitals are closing, teachers are leaving. Every part of life in rural Texas is harder — but it’s worth saving.

The Texas Tribune

Iraq to Increase Production Capacity at Basra Refinery

Iraq's Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani announced Sunday that the Oil Ministry is working to increase the refining capacity of the Basra Gas Company to 1,400 million cubic feet per day in the coming years. During his visit to the facilities of…

Asharq Al-Awsat

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COP27... A Climate Summit with an Economic Spirit

The economy appears to be at the heart of problems and solutions to the world’s climate crisis as the COP27 UN Climate Change Conference got underway in Egypt’s Sharm el-Sheikh on Sunday. As the world rushed towards industrialization at the onset of the 20th century, it drove unwanted gases into…

Asharq Al-Awsat

The Tories concocted the myth of the ‘migrant crisis’. Now their survival depends on it

Brexit is exposed, the economy is in shreds, the party has imploded – and the government is running out of people to blame, says Guardian columnist Nesrine Malik

The Guardian - UK

Greg Abbott, Beto O’Rourke both ask: Who’s more terrible for Texas?

DALLAS — As Texans prepare to elect their next governor, Greg Abbott and Beto O’Rourke have similar campaign messages: The other guy would be terrible for Texas.

Tribune News Service

Why Australia is stuck with these low productivity rates

Politicians like to bemoan low productivity but the causes are complex and baked into the economy

The Guardian - AU

Brexit isn’t to blame for our current problems; it is still an opportunity

Whether that opportunity is seized or squandered is yet to be seen but the dire predictions didn’t happen

The Guardian - UK

Analysis-Egypt eyes diplomatic payoff from hosting COP27 climate summit

When Egypt hosts the COP27 climate summit this week it will be hoping for an injection of international legitimacy as well as green financing at a time when its economy has been struggling and it has faced rising criticism over human rights.

Reuters

Minister Catherine Martin reveals details of €4m fund to bring artists to nighttime gigs all over Ireland

And the minister said she is especially focused on small towns and villages in rural Ireland

Irish Mirror

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Bangkok Post

Gig workers left to go it alone

On a busy Thursday afternoon in downtown Bangkok, 800 motorcycle delivery drivers clad in iconic green vests converged to protest in front of Grab headquarters on Phetchaburi Road to air their frustration towards its new policy which requires drivers to book a time slot and area to work in.

ABC News

After a hell of a ride, Victoria's economy is on the up — but where are the workers?

Whoever wins this month's election will inherit an economy showing signs of pandemic recovery as the state's net debt climbs to dizzying heights. But the biggest challenge could be filling a major skilled worker shortage across a raft of critical sectors.

Reuters

Lula transition team invites experts who helped stabilize Brazil economy in 1990s - sources

Brazilian President-elect Luiz Inácio Lula da Silva's transition team has invited two economists, Persio Arida and Andre Lara Resende, who helped design the Real Plan that stabilized the economy in the 1990s, two sources with knowledge of the matter said on Saturday.

Reuters

Haitians hope for fuel supplies after police break up gang blockade at terminal

Haitians on Saturday hoped for a quick return of fuel supplies after police broke up a gang blockade that for two months had left the economy without gasoline or diesel and triggered a humanitarian crisis.

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Asharq Al-Awsat

China Doubles Down on Zero-Covid

China said on Saturday that it would "unswervingly" stick to its zero-Covid policy, dampening the outlook for global markets following their recent surge on hopes that Beijing would cast aside some of its economically damaging virus curbs. China is the last major economy wedded to a strategy of extinguishing outbreaks…

The Guardian - US

White women have been voting against their (reproductive) interests for years

The latest polls are a sobering reminder that some women will vote in ways that threaten their bodily autonomy if it helps bolster their status

Tribune News Service

Allison Schrager: Republicans’ plan to fix the economy is … we’re still waiting

It's easy to criticize the Democrats’ economic policies now that they have had a few years in power and passed several big bills, but also because they've articulated a clear economic vision for the country: expanding the government’s role in the economy with more generous social programs, higher taxes for…

Reuters

From Russia with cash: Georgia booms as Russians flee Putin's war

As war chokes Europe, a small nation wedged beneath Russia is enjoying an unexpected economic boom.

The Guardian - US

We need serious public policy, not more printed money – the US economy is in tatters

Decades of bailouts have convinced some that the Fed will always come to the rescue – but this only papers over the fundamental flaws of the US economy

The Independent UK

Biden stumps on job growth, as voters dread inflation

President Joe Biden has notched an envious record on jobs, with 10.3 million gained during his tenure

Bangkok Post

BoI seeks to boost FDI

The Board of Investment (BoI) is planning to increase outlays by strengthening Thailand's status as an attractive production base, part of efforts to achieve a "new economy" goal.

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