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The Latest Breaking News from Economy

Maersk warns of ‘dark clouds on the horizon’ as it cuts demand forecast amid growing recession fears

The firm said vacancy rates for warehousing fell to near-historic lows, as businesses scrambled for extra storage space to hold their swelling inventory levels after a drop-off in consumer demand

Evening Standard

Greater Manchester's night time economy tsar Sacha Lord rules out MP bid after joining Labour

Mr Lord is an mdviser to Mayor Andy Burnham and co-founder of the Parklife Festival and The Warehouse Project

Birmingham Post

Investment in China’s New Economy Sectors Shrinks, Caixin Index Shows

The contribution of high value-added industries such as biotechnology to the country’s total economic inputs slipped in October

Caixin Global

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Latino voters look beyond immigration, and hope candidates will, too

While immigration remains a threshold issue for many Latino voters, it is not the only thing they're focused on ahead of the midterms.

WEKU

With the global economy on the rocks, quiet quitting is no longer a thing

Endless pieces have been written about slacking off at work. But now it emerges even the poster boy for the idea is back toiling 50 hours a week, writes Arwa Mahdawi

The Guardian - UK

Michael Hiltzik: Republicans keep harping on inflation, but don't have any answers for it

Even if you didn't know from your household accounts that inflation has been running hot this year, your local Republican officeholders and candidates would make sure it wasn't a secret.

Los Angeles Times

Karl W. Smith: Your no-rent paying child is an inflation fighter

It’s generally accepted among economists and investors that the Federal Reserve has an impossible task of getting inflation under control without broad and lasting damage to the economy. It’s time for a reality check. In fact, it’s looking more and more like the central bank may have a far easier…

Tribune News Service

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Commentary: Liz Truss’ downfall won’t end trickle-down economics

With former British Prime Minister Liz Truss’ free-market reforms having severely wounded the British economy, a chorus of pundits have claimed that the end of free-market thought is upon us. Who could at this point be so foolhardy as to claim that simply cutting taxes for the rich — and…

Los Angeles Times

Japan Warily Welcomes Back International Travelers

In his parliamentary speech in October, Kishida presented his plan to revive the Japanese economy, including a pledge to increase international tourist spending beyond the pre-pandemic high in 2019.

The News Lens

Acting early would have exerted heavy costs: Shaktikanta Das on RBI missing inflation target

NEW DELHI: RBI governor Shaktikanta Das said on Wednesday that Indian economy is growing steadily, drawing strength from its macroeconomic fundamentals and buffers.

The Times of India

China Imposes Covid Lockdown on Area Around iPhone Factory

Chinese authorities on Wednesday locked down the area surrounding the world's largest iPhone factory belonging to Foxconn after workers fled the facility to avoid a virus outbreak and the resulting restrictions. All people except Covid-prevention volunteers and essential workers "must not leave their residences except to receive Covid tests and…

Asharq Al-Awsat

China imposes fresh lockdown around major Apple iPhone plant

China ordered an industrial park that houses an iPhone factory belonging to Foxconn to enter a seven-day lockdown on Wednesday, in a move set to intensify pressure on the Apple supplier as it scrambles to quell worker discontent at the base.

Reuters

Report: India On Track To Become Third-Largest Economy By 2030

The report titled 'Why This Is India's Decade' looked at the trends and policies shaping the future of India's economy. Read on for details:

Dynamite News

Majority of gig economy workers ‘feel under threat from review websites’

The study found the algorithms – processes used to rank workers according to performance metrics – lack transparency and are highly volatile.

The Independent UK

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ABC News

Rockhampton Ring Road delays will cost millions in lost revenue and jobs, business leaders say

Jason Thomasson has been preparing for an "industrial boom" that was expected with the start of Rockhampton's Ring Road. The project delay is estimated to cost the local economy $176 million in revenue and jobs.

Bangkok Post

China's economy rotting from the head

China highlights a long-debated question about economic development: Can a top-down autocracy outperform liberal market economies in terms of innovation and growth?

Reason

With Lula's Win in Brazil, the Left Dominates Latin America

The question now is whether Bolsonaro’s coalition can remain in place once the man himself is out of power.

The Guardian - UK

Bank of England begins selling government bonds

Central bank in bid to reduce its emergency stimulus to the economy and fend off claims it has lost its independence

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The Guardian - UK

Boris Johnson to be keynote speaker at blockchain conference in Singapore

Former PM will address meeting to discuss global ‘migration to the digital economy’

StockNews.com

Bull vs. Bear Debate Reignited!

Why have stocks jumped from the October lows and more investors have become bullish? But why have many bears refused to throw in the towel? What is it that they see points to lower lows for the S&P 500 (SPY) in the months ahead? Let’s review the updated bull vs.…

Belfast Live

Antrim and Newtownabbey 'betrayed' by MP Paul Girvan's fracking vote says councillor

The council has now voted against oil and gas exploration, extraction or fracking

StockNews.com

1 Stock You'll Regret Not Buying in 2022 and 1 You Will

With the Federal Reserve seemingly on track to announce another 75-basis-point interest rate hike in its meeting this week, stability in the economy and markets seems to be unlikely. However, Waste Management (WM) looks well-positioned to survive the market volatility well because of the non-cyclical nature of its business. On…

Benzinga

How The 60/40 Portfolio Stacks Up With The S&P 500

A portfolio consisting of 60% stocks and 40% bonds had a golden age from the 1980s — until recently.The combination offers investors risk-adjusted returns that are frequently on par with, or greater to, those of the benchmark SP 500 Index.The 60/40 portfolio faced significant challenges this year due to ongoing…

The Conversation

Ukraine war: Putin's bid to weaponise refugees is failing – here's what that means for Europe

Since the Russian invasion in February, about 8 million Ukrainians have fled the country. After eight months of fighting – and with no end to the war in sight – the prospect that many refugees may never return will exacerbate an ongoing population decline in Ukraine. The mass exodus will…

StockNews.com

2 Stocks You May Want to Consider Selling Before 2023

As the Fed battles sky-high inflation with aggressive rate hikes, the market is fuming with recessionary concerns. Moreover, consumer confidence has been declining amid the slowdown in the global economy. Thus, it could be wise to steer clear of fundamentally weak stocks Marvell Technology (MRVL) and ContextLogic (WISH). Read more.

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