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The Latest Breaking News from Economy

'Stable' outlook despite climate spending

The outlook for state government coffers is stable as growth counters a slower global economy, but big spending on climate and net zero will bite into budgets.

AAP

Birmingham 2022 Festival 'added £100m to region's economy' - report

Newly published reports are out today into the economic and cultural impact of last year's companion arts festival to the 2022 Commonwealth Games

Birmingham Post

Nearly a quarter of UK chief executives admit business models will not be viable in a decade

Global executives offer gloomiest-ever outlook for global economy, PwC finds

The Independent UK

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Survey: The US economy has a 64% chance of entering a recession this year

More likely than not, the U.S. economy will enter a recession this year, Bankrate’s Fourth-Quarter Economic Indicator poll found.

Tribune News Service

Study Envisages Connection between Innovation, Financing, Trade with Global Economy

Saudi researcher Dr. Raja Almarzoqi underscored the connection between innovation, international commerce movement, financing and economic growth that has become an enabler of global economy that crosses borders. He called for the adoption of government policies and legislations that would benefit further from the relationship between research, development of innovation…

Asharq Al-Awsat

Ramaphosa cancels Davos trip amid South Africa energy crisis

Africa’s most industrialised economy being hit by daily power cuts as anger grows among opposition and public

The Guardian - UK

3 Large-Cap Stocks to Add to Your Buy List This Winter

Despite inflation cooling further in December, the likelihood of the economy entering a recession this year is rising as the Fed expects to continue increasing interest rates until inflation comes down to its 2% target. Therefore, large-cap stocks Microsoft (MSFT), UnitedHealth (UNH), and Taiwan Semiconductor (TSM) could be stable investments…

StockNews.com

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Independent and Labour councillors in Merthyr Tydfil clash over funding settlement

The independent cabinet member said UK Government had thrown the economy off a cliff but that Welsh Government had turned its back on the Valleys but Labour councillors said the responsibility lies with UK Government

Wales Online

The #1 Pharma Stock to Buy in January 2023

While the stock market and the economy have been subdued by progressive interest-rate increases, AbbVie Inc. (ABBV) has not only reported a robust third quarter but also demonstrated its confidence in its long-term prospects by raising its quarterly dividend. Read on….

StockNews.com

The case for a new Keynesianism when Labour returns to power

Letters: Carol Wilcox and Tony Brauer respond to an article by James Meadway of the Progressive Economy Forum

The Guardian - UK

China’s re-opening after Covid could be very bad news for global inflation

I spent last week in Hong Kong and Singapore, singing for my supper. It was just ahead of Chinese New Year — the Year of the Rabbit begins on January 22 — and, in the past, both cities would have been heaving. On this occasion, however, only Singapore was. Hong…

Evening Standard

Asian shares mostly higher after gains on Wall Street

Shares are mostly higher in Asia after Wall Street benchmarks ended last week on a high note

The Independent UK

'Senior Labour figures right to be haunted by fear of Conservative resurrection'

The economy crash, the NHS crisis, Covid and the invasion of Ukraine don’t explain why we’re doing worse than similar nations, so Rishi Sunak will struggle to escape the grave

Daily Mirror

Signs that the UK economy could be recovering better than expected

Experts forecast falling energy costs and a halving of inflation lie ahead but warned some will still struggle

The Independent UK

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Bangkok Post

Evaluating the China effect

One-third of the world economy may slide into a recession this year, but the outlook for China remains more murky.

Tribune News Service

Russia’s tycoons fear tightening Kremlin squeeze as Putin’s war drags on

As Vladimir Putin pushes his war in Ukraine into its second year, the deepening militarization of Russia’s economy is fueling fears among the country’s business elite that the squeeze on their companies is only just beginning.

Reason

How the Fed Redistributed Wealth and Encouraged Reckless Corporate Behavior

The Lords of Easy Money argues that the Fed created an economy with nearly irresistible incentives for foolish choices.

Reuters

Strikes in Britain set to intensify as teacher ballot results due

Strikes disrupting swathes of the British economy look likely to intensify this week, with teachers ready to announce industrial action, according to the Sunday Times, and nurses warning their strikes could double in size next month.

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Reuters

Key Israel business group seeks steep cut in food tax

Israel's Manufacturers' Association on Sunday proposed tax cuts on food along with a host of other measures aimed at strengthening Israeli economic competitiveness and dealing with the country's high cost of living.

Reuters

Putin says Russian military operation going well in Ukraine

Russian President Vladimir Putin said that the military operation in Ukraine had gained positive momentum and that he hoped his soldiers would deliver more wins after Russia claimed control of the eastern Ukrainian salt-mining town of Soledar.

The Guardian - US

There is no US labor shortage. That’s a myth

There is, however, a shortage of jobs paying sufficient wages to attract workers to fill job openings

Daily Mirror

Keir Starmer hints four times he'll ditch his tuition fees vow saying 'a lot has changed'

Keir Starmer pledged in 2020 to scrap £9,250-a-year university tuition fees - but it could be the latest pledge on the scrapheap as he blames the Tories' 'huge damage to our economy'

Asharq Al-Awsat

Saudi Arabia Supports Pakistan’s Economy with $20 Bn in 4 Years

Saudi support for the Pakistani economy constituted a safety valve for its stability and continuity, allowing it to face economic repercussions. Asharq Al-Awsat monitored recent agreements between Riyadh and Islamabad, revealing that Saudi support has doubled in the last four years, exceeding $21.64 billion, in a diversified portfolio including aid,…

The Conversation

Farming in South Africa: 6 things that need urgent attention in 2023

South Africa’s agriculture remains an important sector of the economy and holds great potential to reduce poverty. It’s also central to the political economy of the country, as evident in the governing African National Congress’s (ANC) recent policy documents.

Nottingham Post

Life next to "dangerous" M1 junction costing the economy millions every year

Midlands Connect has highlighted junction 28 of the M1 as a pinch point where delays are said to be costing the economy £4.5 million every year.

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