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The Latest Breaking News from Economy

As economic crisis deepens, will Egypt slow megaprojects down?

The IMF announced an ambitious reform programme for Egypt’s economy, but analysts cast doubt on its effectiveness.

Al Jazeera

Explainer-What's at stake in Turkey's upcoming elections

President Tayyip Erdogan is aiming to extend his 20-year rule in elections that will decide not just who leads Turkey but how it is governed, where its economy is headed and what role it may play to ease conflict in Ukraine and the Middle East.

Reuters

US-China officials to meet on economy, aim to ease tension

U.S. Treasury Secretary Janet Yellen is set to sit down with her Chinese counterpart in Switzerland on Wednesday

The Independent UK

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It’s a Business Free-for-All in a Russia Transformed by Sanctions

In Putin’s “mobilization economy,” entrepreneurs find creative ways to meet demand, like converting Krispy Kreme into Krunchy Dream, Starbucks into Stars Coffee.

Businessweek

China's Xi frets about COVID in rural areas, sees 'light ahead'

President Xi Jinping said on Wednesday he was particularly concerned about China's COVID-19 wave spreading to rural areas with poor medical facilities but he urged perseverance in stressful times, saying "light is ahead".

Reuters

KISS Investing in 2023

The S&P 500 (SPY) seems to be on the verge of an important breakout. Some even think the new bull market has already arrived. 40 year investment veteran, Steve Reitmeister, says “rubbish”. His latest market commentary below explains why including a game plan to generate gains even as the market…

StockNews.com

Microsoft to layoff thousands of workers, says report

NEW DELHI: Microsoft employees are facing yet another bout of job cuts, as tech giants continue to pare staf amid persisting challenges to global economy.

The Times of India

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Brewery chasing votes to push Newcastle-made beer to the top of the Hottest 100

It's hard to believe: there is not a Newcastle beer on the current GABS Hottest 100 Craft Beers list. But that could all change this year. Jaz Wearin, founder of Modus Operandi Brewing, is on a mission to get the brewer's Cerveza beer voted on to the annual 2022 GABS…

Newcastle Herald

In wide-ranging interview, Scholz discusses war in Ukraine, Germany's economic outlook

Chancellor Olaf Scholz said he’s sure Germany will avoid a recession this year, offering reassurance for Europe’s largest economy as it faces down Russia’s energy squeeze.

Tribune News Service

Reforming Thailand: a dual challenge

Thailand needs to gain competitiveness in the global economy. However, two hindrances come to mind: old leaders and outdated laws.

Bangkok Post

Economists slice growth outlook for Asean+3

China's reopening should provide a timely boost to the Asean+3 region as the area's economic growth was downgraded because of continuing weakness in China, Japan and South Korea, according to economists.

Bangkok Post

DeSantis wants his ban of COVID vaccine and mask mandates made permanent

TALLAHASSEE, Fla. — Touting his efforts to keep Florida’s economy open during the COVID-19 pandemic by banning mask and vaccine mandates, Gov. Ron DeSantis said Tuesday he wants lawmakers to make those measures permanent, calling them a “prescription for freedom.”

Orlando Sentinel

Fewer people than ever think their life is going to get better as 'economic optimism collapses' worldwide

Never before have so many households felt so pessimistic and negative towards their economic prospects.

Fortune

NBTC, DES Ministry to discuss security

The National Broadcasting and Telecommunications Commission (NBTC) plans to hold talks with the Digital Economy and Society (DES) Ministry to allocate some satellite orbital slots for use specifically for the country's security.

Bangkok Post

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StockNews.com

3 Precious Metals ETFs to Buy for 2023

The stock market is yet to see an end to the Fed’s monetary tightening to control inflation. On top of that, recent economic data reflecting an economic and demographic decline in China is a stark reminder that the global economy, battered by various headwinds, may spiral into a full-blown recession.…

Fortune

Davos CEOs have never had a worse feeling about the global economy

The world's business leaders at Davos think the global economy is in for a rough few years. Do they know something we don't?

ABC News

First Nations entrepreneurs are still fighting 'the white boys club', as major banks try to improve

Major banks and venture capital firms say they want to finance more Indigenous business as this sector grows at a rate higher than the economy, but those from within First Nations enterprise say the finance sector has a lot to improve.

Fortune

Goldman Sachs thinks the economy will actually pull off a soft landing—but adds the S&P will stay flat for a whole year

A "soft landing" doesn't mean stock market investors should celebrate. Goldman Sachs' chief U.S. equity strategist is warning the S&P 500 will end 2023 at 4,000.

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StockNews.com

3 Stocks to Sell Ahead of a Potential Recession in 2023

Fears of an impending recession have been a drag on the stock market for quite a while now. As the Fed continues to stay hawkish, a global recession seems imminent. Hence, fundamentally weak stocks Verve Therapeutics (VERV), Bed Bath & Beyond (BBBY), and Party City Holdco (PRTY) might be best…

ABC News

Vladimir Putin’s plans to freeze Europe melt away with warm weather, as his economy withstands bracing winds

The exodus of brands like McDonald's from Russia was once described as "the end of an era". But experts say the withdrawal and sanctions are not shifting public opinion as much as some in the West might have hoped.

StockNews.com

3 Stocks That Can Help Keep Your Retirement Account Safe

Although the Fed’s seven interest rate hikes were able to cool inflation in the last three months of 2022, the central bank remains committed to achieving its inflation target by raising interest rates through 2023. As the economy might witness a slowdown, investors could consider adding fundamentally sound and dividend-paying…

Asharq Al-Awsat

Saudi Arabia, WEF Launch Innovation Accelerator, Explore Collaborations in Global Metaverse Village

A high-level delegation from Saudi Arabia participated in a multilateral meeting with the World Economic Forum’s (WEF) leadership at WEF’s 2023 Annual Meeting in Davos. Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs; Princess Reema bint Bandar Al Saud, Ambassador to the United States; Abdullah bin Amer Alswaha,…

Reuters

Germany will not fall into recession, Scholz tells Bloomberg TV

German Chancellor Olaf Scholz said on Tuesday he was convinced Europe's largest economy would not fall into a recession despite soaring energy and food prices in the wake of Russia's invasion of Ukraine.

Ballotpedia

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…

The Independent UK

The true impact of strikes in Britain revealed – £6bn and counting

Warning of ‘unsustainable’ hit comes as number of working days lost to strikes hits 30-year high

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