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The Latest Breaking News from Economy

Yemeni Government Kickstarts 2023 with Measures to Protect the Economy, Stabilize the Currency

The internationally recognized Yemeni government has launched 2023 by taking measures to protect the economy and stabilize the local currency, according to official sources. Government measures included an emphasis on rationalizing spending and sticking to inevitable expenses. Moreover, the Presidential Leadership Council (PLC) underlined the need for strengthening unity, discussing…

Asharq Al-Awsat

The world economy faces a huge stress test in 2023

With inflation on the rise and the era of ultra-low interest rates over, there could well be a systemic crisis

The Guardian - UK

EXPLAINER: Why has Syria's economic crisis hit a new low?

Syria’s economy has hit its lowest point since its civil war started nearly 12 years ago, with spiraling inflation, a currency plunge and severe fuel shortages

The Independent UK

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UK's Sunak vows to halve inflation, tackle illegal migration

British Prime Minister Rishi Sunak, in his first major speech of 2023, has pledged to halve inflation, grow the U.K. economy and stop illegal immigration

The Independent UK

Global economy 2023: how governments could make the energy crisis worse this year

This is the second instalment in our series on where the global economy is heading in 2023, which started with this article on global inflation.

The Conversation

Rishi Sunak pledges to slash inflation in half this year as PM outlines vision in major speech

Prime Minister announces five pledges on the economy, health and immigration

Evening Standard

Getting Ready to Retire? 3 Stocks That Are Safe as They Come

Many market pundits expect a recession in 2023 as policymakers continue raising interest rates to cool the economy and quell inflation. Retirees looking for stable passive income might consider adding fundamentally sound dividend-paying stocks, Walmart (WMT), Kellogg Company (K), and Cardinal Health (CAH), to their portfolios now. Keep reading….

StockNews.com

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These 5 gender equity events impacted the U.S. economy in 2022. Addressing them in 2023 could unlock a $3.1 trillion opportunity

Women's labor force participation has been stunted–but men want to spend more time with their families. Here's what it means for the economy.

Fortune

4 Momentum Stocks to Get in on Right Now

While a slowdown looks inevitable, the U.S. economy might narrowly avoid a recession this year. Moreover, experts believe the stock market can recover in 2023. Therefore, investors might consider buying quality momentum stocks Schlumberger (SLB), Overseas Shipholding (OSG), Epsilon Energy (EPSN), and Adams Resources & Energy (AE) now. Keep reading….

StockNews.com

Prepare for a 'slowcession' in 2023, says one of the first economists to predict the 2008 financial crash

The year ahead will no doubt be tough for the U.S. economy, but the chief economist at Moody’s Analytics wants us to be a little more optimistic.

Fortune

Outrage as Qatar pays for Wales first minister’s ‘lavish’ five-star hotel stay

The first minister, economy minister and their officials were put up in the Ritz-Carlton Doha during a trip to the World Cup

The Independent UK

Welsh first minister criticised for ‘lavish’ World Cup hotel stay paid by Qatar

Mark Drakeford and economy minister Vaughan Gething were guests of host nation at five-star Ritz-Carlton

The Guardian - UK

Commentary: Latino voters are still in search of a working-class agenda

The education divide that has defined American politics over the last three election cycles has begun to appear in the country’s largest blue state, California. Democrats have captured and retained greater shares of college-educated voters in metro areas, but it has come at the expense of losing rural and blue-collar…

Los Angeles Times

Edinburgh and Glasgow lead the pack as UK set to exit recession in mid-2023

However, Aberdeen’s economy is predicted to shrink in the next 12 months

Insider UK

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Asharq Al-Awsat

Tunisia Seeks 2.1% Growth Through ‘Development Plan’

Economy Minister Samir Saied said on Tuesday that the government seeks growth of 2.1 percent through the 2023-2025 development plan. In press statements, he said he predicted unemployment rate to drop from 15.3 percent to 14 percent between 2022 and 2025. Tunisia’s economy already deteriorated after the political transition in…

Tribune News Service

Seattle's pandemic-weary workers may see a tougher job market in 2023

Almost three years after COVID-19 shut down the economy and put nearly half a million Washingtonians out of work, the job market remains in a state of confusing, unnerving flux.

StockNews.com

“Murphy’s Law” Stock Market in 2023?

Sometimes the stock market and S&P 500 (SPY) do what you expect...and sometimes it does the exact opposite. Now with so many investors so bearish...then maybe quite plausible that things surprise to the upside with new bull market emerging. Steve Reitmeister, CEO of StockNews.com, provides his insights on this timely…

StockNews.com

4 Cybersecurity Stocks to Buy and Hold for the Next Decade

The cyber security industry is gaining traction, thanks to the expanding digital economy. Therefore, it could be wise to buy quality cybersecurity stocks Fortinet (FTNT), Check Point Software Technologies (CHKP), Trend Micro (TMICY), and Radware (RDWR) and hold them for the next decade. Keep reading….

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StockNews.com

2 Upgraded Stocks to Add to Your Watchlist This January

IMF chief has warned that this year will be more challenging than the last year. Furthermore, growing recessionary fears and the COVID “bushfire” could negatively impact the economy. Amid an uncertain economic backdrop, it could be wise to add fundamentally strong stocks Altria Group (MO) and Schlumberger (SLB) to your…

Axios

7 big trends facing the economy in 2023

The new year is invariably a time for taking stock of things and contemplating what may lie ahead.

StockNews.com

2 Stocks That Don’t Mix Well With a Potential Recession

As recessionary fears loom largely over the economy, fundamentally weak stocks DraftKings (DKNG) and Beyond Meat (BYND) don’t seem to mix well and might be best avoided. Read more….

Daily Mirror

Britain faces the worst recession among G7 partners, economists predict

A bleak survey of over 100 leading UK-based economists suggests high inflation could linger for longer than other countries as Brits face a huge squeeze in household incomes

The Conversation

Global economy 2023: Why central banks face an epic battle against inflation amid political obstacles

Where is the global economy heading in 2023? After all the challenges of last year, it’s a question we ask with trepidation. Just as the economy was dealing with the ongoing effects of the COVID-19 pandemic, Russia’s invasion of Ukraine in February ramped up inflation.

Fortune

A global recession is coming, and this is where economists predict will fare the worst

IMF director Kristalina Georgieva said simultaneous contractions in three major economies—the U.S., the EU, and China—will be the driving forces behind a global recession in 2023.

Caixin Global

Editorial: Face Up to the Changed World

A more sober mind is needed for a greater initiative

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