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The Latest Breaking News from Economy

Can China save its economic miracle now?

China's recent decision to abandon its strict zero-Covid policy has led many to believe that its economy will bounce back. The Economist Intelligence Unit, for example, has revised its forecast for Chinese GDP growth in 2023 upward, to 5.2%. But growth recovery is not automatic, and China must contend with…

Bangkok Post

Signs of economic slowdown alarming

The Thai government, businesses, and citizens are cherishing the news of returning Chinese tourists with the first group of 286 passengers who arrived on Monday. The Tourism Authority of Thailand estimates that 5 million Chinese tourists will visit our country this year, bringing with them 250 billion baht in spending…

Bangkok Post

Falling Russian fossil fuel revenues could deal a lethal blow to Putin's war machine

Vladimir Putin is starting to see the main financing mechanism for his war in Ukraine dry up.

Fortune

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read the most diverse news in one place.

Invest NI: 'Urgent action needed to repair damaged relations', review finds

Panel chairman Sir Michael Lyons said: "We were encouraged to be challenging, and we haven't flinched from reflecting back what we found."

Belfast Live

Ukraine war: life on Russia's home front after ten months of conflict

It’s been a year since I last visited Russia. Back then, most people I met thought the prospects of a war with Ukraine were very remote, despite the massive troops build-up on the border. So I was curious to see how attitudes had changed since then. Equally important was to…

The Conversation

The 4 Most Attractive Long-Term Stock Picks

With the Fed expected to keep rates higher throughout this year, the odds of the economy tipping into a recession are rising. Amid ongoing macroeconomic uncertainties, investors may consider buying companies with reliable performance over the years for solid long-term returns. To that end, Pfizer (PFE), Johnson & Johnson (JNJ),…

StockNews.com

There’s a crunch coming for London tech, but here’s why that’s not all bad

Tech-wreck. Dotcom crash 2.0. Tech-apocalypse. Call it what you will, the end of the era of quantitative easing and artificially cheap money is causing a profound ripple effect across the global tech economy.

Evening Standard

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'Dangerous' Tunisian droughts threaten food security

Three years of drought have dried up Tunisian reservoirs, threatening harvests that are critical to the North African country's battered economy and pushing the government to raise tap water prices for homes and businesses.

Reuters

Tunisian Droughts Threaten Food Security

Three years of drought have dried up Tunisian reservoirs, threatening harvests that are critical to the country's battered economy and pushing the government to raise tap water prices for homes and businesses. Since September only 110 million cubic meters of rain fell in Tunisia, about a fifth of the normal…

Asharq Al-Awsat

Dublin economy stagnates with businesses 'feeling the pinch'

Dublin's economy had grown for eighteen consecutive months as the worst of Covid-19 restrictions lifted, but recorded a decline during the last three months of 2022

Dublin Live

French pension reform plans raise concern among manual workers

The French government's plan to raise the retirement age from 62 to 64 has many people worried, especially those who work in physically demanding professions. Though the government says there will be possibilities for early retirement based on working conditions, we meet French metalworkers who remain concerned about their future.…

France 24

Davos report: Cost-of-living crisis overshadows climate

A report by the World Economic Forum says climate change is the global economy’s biggest long-term challenge but one the world is least prepared to tackle because of short-term problems led by a cost-of-living crisis

The Independent UK

60 States Agree to Transform Region into Major Bridge for Int’l Transition to Renewable Energy

More than 60 government ministers and delegations responsible for their countries’ minerals and metals strategies attended on Tuesday the second Ministerial Roundtable hosted by Saudi Arabia's Ministry of Industry and Mineral Resources in the largest-ever meeting of its kind. The ministers agreed that minerals are necessary to build a cleaner…

Asharq Al-Awsat

China Imposes Transit Curbs for S.Korea, Japan in Growing COVID Spat

China introduced transit curbs for South Korean and Japanese nationals on Wednesday, in an escalating diplomatic spat over COVID-19 curbs that is marring the grand re-opening of the world's second-largest economy after three years of isolation. China removed quarantine mandates for inbound travelers on Sunday, one of the last vestiges…

Asharq Al-Awsat

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Tribune News Service

Commentary: We should celebrate, not bemoan, the swift collapse of FTX

If indeed all the reports are true— that the cryptocurrency exchange FTX lent out billions of dollars in customer deposits for risky bets without their consent — then the world should celebrate its swift demise. Markets are ruthless in rewarding success and punishing failure. And FTX’s fall from grace over…

The Independent UK

Asia stocks echo Wall Street rally as inflation report looms

Asian shares are trading higher, boosted by a rally on Wall Street that came ahead of some potentially market-moving reports scheduled for later in the week

The Conversation

COVID-19 turned global supply chains upside down – 3 ways the pandemic forced companies to rethink and transform how they source their products

This is the sixth and final installment in our series on where the global economy is heading in 2023. It follows recent articles on industrial action, inflation, energy, food and the cost of living.

StockNews.com

3 Surefire Stocks to Add to Your Portfolio in 2023

With slow wage growth and low unemployment raising hopes of the much-coveted soft landing for the economy, loading up on fundamentally strong and profitable stocks Cisco Systems (CSCO), United Microelectronics (UMC), and Acuity Brands (AYI) could help generate solid returns. Continue reading….

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Ballotpedia

Kentucky threatens to divest from 11 banks over ESG policies

On January 2, Kentucky State Treasurer Allison Ball (R) issued a statement notifying 11 banks that their 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 stop what Kentucky argues are…

Fortune

Putin's stalled Ukraine war could make Russia a failed state by 2033, global strategists say

Economic collapse and social upheaval could be in the cards for Russia and Putin by 2033.

Fortune

Jamie Dimon rattled the markets last year by comparing the coming recession to a 'hurricane.' Now he says it's just some 'storm clouds'

JPMorgan Chase CEO Jamie Dimon says he shouldn't have used the word "hurricane" to describe what lies ahead for the U.S. economy last year, but adds that there still are "storm clouds" and "heightened uncertainty."

Asharq Al-Awsat

World Bank: Recession a Looming Threat for Global Economy

The global economy will come “perilously close" to a recession this year, led by weaker growth in all the world's top economies — the United States, Europe and China — the World Bank warned on Tuesday. In an annual report, the World Bank, which lends money to poorer countries for…

Tribune News Service

Powell vows to limit Fed’s climate role to protect independence

Federal Reserve Chair Jerome Powell sought to draw a line around how far the central bank will use its powers to promote a greener economy, vowing it will not be a climate regulator.

The Times of India

World Bank forecasts India's FY23 GDP at 6.9%; warns of global recession

NEW DELHI: The World Bank on Tuesday retained India's economic growth at 6.9% for financial year 2022-23.

Reason

China Is Scaling Back Its Failed Semiconductor Industrial Policies. America Should Do the Same.

The warning signs are flashing "don't be like China."

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