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The Latest Breaking News from Economy

Rishi Sunak’s prize for predicting Liz Truss chaos: He gets to clean up the mess

LONDON: Rishi Sunak spent the summer trying to warn the Conservative Party that Liz Truss would trash the economy if she became UK prime minister. He failed to win the top job then -- but is now on the hook for cleaning up her mess.

The Times of India

Plastic recycling remains a myth, study finds

WASHINGTON: Plastic recycling rates are declining even as production shoots up, according to a Greenpeace USA report that blasts industry claims of creating an efficient, circular economy as "fiction."

Bangkok Post

Development Bank of Wales to launch Net Zero business incentive next year

The regional bank will fast track its "invest to save decarbonisation" offer

Birmingham Post

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California is about to become the world’s 4th largest economy. Here’s how and when

If California were a nation, it would be the world’s fifth largest economy. Soon, it may become the fourth.

Tribune News Service

Japan PM appoints ex-health min Goto as next economy minister

Japan's Prime Minister Fumio Kishida on Tuesday appointed former health minister Shigeyuki Goto as the next economy minister after the incumbent abruptly resigned amid criticism over his links to a controversial religious group.

Reuters

Ubon floods 'worst in history'

Ubon Ratchathani is facing the worst flooding in its history, which has affected the lives of thousands of people as well as the economy of the province.

Bangkok Post

Biden officials quietly discussing lame-duck debt ceiling deal in case GOP wins House

Republicans have threatened to use the debt ceiling to extract painful spending cuts from the White House.

Axios

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8 best short-term investments in October 2022

If you’re looking to invest money for the short term, you’re probably searching for a safe place to stash cash before you need to access it in the not-so-distant future. The volatile markets and slumping economy led many investors to hold cash as the coronavirus crisis dragged on — and…

Tribune News Service

Tentative business welcome for Sunak amid deepening economic gloom

UK industry leaders hope for urgent steps from new PM to repair battered business confidence

The Guardian - UK

Analysis: What Rishi Sunak as Prime Minister means for Northern Ireland

The Conservatives regaining public confidence in their handling of the economy will be essential if the new Prime Minister ever hopes to win the next general election

Belfast Live

New PM Rishi Sunak will have to get a grip of volatile post-Truss economy and cost of living crisis

The list of 'hot potato' challenges faced by Mr Sunak

Wales Online

The climate-conscious are looking to NZ, says Grant Robertson

The finance minister says farmers know full well pricing agricultural emissions is as much about the country’s economy as it is the environment.

Newsroom.co.nz

Inside the lavish new business class on UK-US flights with private ‘suites’

American Airlines is launching suite seats on some of its long haul flights from next year, as well as expanding the number of premium economy seats on its services

Daily Mirror

Rishi Sunak faces a very different economy to the one he left as chancellor -- here's what he must tackle as prime minister

As the incoming UK prime minister, Rishi Sunak has the immediate advantage of perceived success in his two years as chancellor.

The Conversation

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Evening Standard

Sunak must balance the books and restore confidence in the UK economy

Britain’s new prime minister needs to be fiscally conservative, provide targeted support for the very poorest, and implement radical supply side reforms.

Radio France Internationale

Former UK chancellor Rishi Sunak to replace Liz Truss as prime minister

Former UK Treasury secretary Rishi Sunak has won the race to be leader of the Conservative Party and will become Britain’s next prime minister – the third this year.

Wales Online

The 50 fastest-growing firms in Wales in 2022

The firms on the 2022 Wales Fast Growth 50 list make a huge contribution to the Welsh economy

The Guardian - UK

Only way is up for Rishi Sunak after disaster of Liz Truss

Incoming PM can take a cautious approach with the Tories’ reputation at rock bottom, but he cannot afford mistakes

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Reason

Is Free Market Ideology Hurting the Economy?

A livestreamed debate between Binyamin Appelbaum and Gene Epstein

The Independent UK

Tories turning UK into ‘sick man of Europe,’ says top party donor OLD

Economy ‘doomed’ because of Brexit, says Guy Hands

The Independent UK

Japan Cabinet minister resigns over Unification Church ties

Japan’s economy minister has submitted his resignation over his ties to the Unification Church in a widening controversy involving dozens of governing party lawmakers

Daily Mirror

Tory donor admits party is not fit to govern as he calls UK 'sick man of Europe'

In a scathing assessment of the Conservative record in power, Guy Hands also warned that Britain might need a bailout from the International Monetary Fund as the economy may be "doomed"

Evening Standard

Royal Mail has truly earned my stamp of disapproval

God knows, I don’t do many clever economy measures, but one was back in April when the price of first-class stamps went up by all of 10p to 95p, and I bought about five books of them, thinking that I was saving, ooh, six quid. I know, a pound for…

The National (Scotland)

UK economy 'doomed' under Tories' 'hopeless' Brexit, top financier says

THE UK’s economy is “doomed” unless the Tories renegotiate Brexit, a prominent investor and financier has said.

Reuters

Japanese economic minister steps down over church links

Japan's economic revitalisation minister stepped down on Monday after growing criticism of his failure to fully explain his ties to a church group that critics say is akin to a cult, a move that will be a blow to Prime Minister Fumio Kishida.

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