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The Latest Breaking News from Economy

UK economy grew in November despite recession predictions

The increase comes despite forecasts of a UK recession in 2023

The Independent UK

IMF: Full Brunt of Financial Tightening Yet to Materialize

Countries have yet to see the full impact of tightening financial conditions, IMF chief Kristalina Georgieva said Thursday, warning that central banks have some way to go in their inflation battle. Global growth is expected to slow further this year, as central banks including the US Federal Reserve have raised…

Asharq Al-Awsat

Asian markets mostly higher, tracking Wall Street gains

Shares have advanced in Asia after news that U.S. consumer inflation slowed last month pushed Wall Street benchmarks higher

The Independent UK

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China's reopened borders raise hopes for soccer resurgence

After three years of isolation and financial struggles in Chinese soccer, the country is reopening its borders and economy to the outside world

The Independent UK

Venezuelan economy grew above 15% in 2022, president says

Venezuela's economy expanded around 15% last year, President Nicolas Maduro said on Thursday during his annual state of the nation address, crediting the expansion to diversification of the largely oil-focused economy.

Reuters

Australia's natural disasters bill hits $3.5 billion in 2022, billions more to come

Floods and natural disasters that hit all but one Australian state and territory in 2022 cost the economy A$5 billion ($3.48 billion) and stoked inflation according to Treasury estimates which forecast billions more spending in 2023.

Reuters

East coast flooding saw majority of Australians covered by natural disaster declaration in 2022

New data shows the majority of Australians lived in a local government area that was affected by serious natural disasters in 2022, mostly as a result of widespread flooding across the east coast.

ABC News

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WCEC to boost China ties

More than 4,000 Chinese business leaders are expected to attend the 16th World Chinese Entrepreneurs Convention (WCEC) in Bangkok in June, giving an added boost to the economy and the tourism sector, according to the Thai-Chinese Chamber of Commerce.

Bangkok Post

Land & Houses to invest B9bn in 2023

SET-listed developer Land & Houses plans to spend 9 billion baht on the property business this year, with one-third going to three hotels as the economy and tourism sector are recovering.

Bangkok Post

Consumer confidence rises again as recovery continues

Consumer and business sentiment in December rose to the highest level in three years, driven by Thailand's economic recovery and a surge in foreign tourist arrivals.

Bangkok Post

2022 Ford Expedition Review: Stealth Mode Activated

With the Stealth Performance package added, the Expedition packs extra power and more aggressive looks.

Motor1

Floods to wreak further havoc on economy

Natural disasters caused billions in damage to the Australian economy in 2022 and the bill is expected to rise from further floods.

AAP

3 Stocks It's Time to Unload in 2023 if You Haven't Already

Although inflation eased further in December, the Fed will likely go ahead with its interest rate hikes this year, keeping the economy and the stock market under pressure. So, it could be wise to unload fundamentally weak stocks Roblox (RBLX), Tellurian (TELL), and Avaya Holdings (AVYA). Let’s discuss….

StockNews.com

3 Large-Cap Stocks Worth Buying in 2023

With the Fed signaling to continue raising interest rates throughout this year, the probability of the economy tipping into a recession is increasing. Amid the macroeconomic unrest, fundamentally sound large-cap stocks UnitedHealth Group (UNH), Walmart (WMT), and Eli Lilly (LLY) might be safe investments this year. Read on….

StockNews.com

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The Times of India

India expected to become $7 trillion economy in seven years: CEA

KOLKATA: Chief economic advisor V Anantha Nageswaran said that the Indian economy will be $3.5 trillion at current prices by the end of the 2022-23 fiscal and is expected to be $7 trillion in the next seven years.

Salon

US emissions rose in 2022

As renewables overtook coal, economic growth outpaced the rise in carbon emissions

The Conversation

What's in store for the UK in 2023? Here's one economist's view

Last year was an eventful one for the UK which lost its longest-serving monarch, went through two prime ministers, and faced economic stagnation, financial turmoil, rampant inflation and a cost of living crisis.

The Japan News/Yomiuri

Beijing seen shifting stance over control over major IT companies

BEIJING -- The Chinese Communist Party and the government is increasingly believed to be loosening its tight controls on the country's major IT firms, such as Alibaba Group Holding Ltd.

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Nottingham Post

M1 'pinch point' in Nottinghamshire costing economy £4.5m every year

Research also showed there are more than 1,100 hours of delay in peak periods

Fortune

FAA's ground stop proves business needs a functioning government to thrive

Gridlock and partisan stalemate are not good for business or the economy.

Insider UK

North east economy 'will not decline' as oil and gas production falls – Matheson

Meanwhile, the Prime Minister offers 'wholehearted support' for the Scottish oil and gas industry

Zenger

Kentucky Threatens To Divest From 11 Banks Over Environmental And Social Policies

Kentucky State Treasurer Allison Ball (R) notified 11 banks that their ESG policies had harmed the state’s economy.

Businessweek

The Global Economy of 2023 Is Going to Be a Wild Ride

The pillars of prosperity that supported 30 years of growth have crumbled. Now the world has to cope with inflation, labor shortages and geopolitical unrest.

Pedestrian.tv

We Asked A Recycling Company Worker What We’re All Doing Wrong It’s A Lot

To help debunk false myths about how to recycle properly, we spoke to the Circular Economy Manager at Containers for Change.

Bangkok Post

1,500 arrested for online fraud, gambling in 2022

More than 1,500 people were arrested for online fraud and gambling last year, said the Ministry of Digital Economy and Society (DES).

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