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The Latest Breaking News from Economy

VIEWPOINT 1: In 2023, expect the unexpected

If the last few years have taught us anything, when it comes to politics, culture, the economy and international events, we should always expect the unexpected. After all, did anyone expect Elon Musk to buy Twitter or Will Smith to storm the Oscars stage and deliver the “slap heard 'round…

Tribune News Service

VIEWPOINT 2: Fed will cause unnecessary harm and other predictions

Here are eight predictions for the coming year in accordance with a hallowed tradition that I have previously not honored. If some of the supporting facts below seem unfamiliar, it could be because they have not received the attention they deserve. But they are real.

Tribune News Service

Renewable plan will reduce climate change and boost Northern Ireland economy by £4.5 billion

RenewableNI wants the province to produce 80% of its electricity demand from renewable sources by 2030

Birmingham Post

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Southeast Asia’s Tech Industry Goes From a Gallop to a Canter

ASEAN’s economic growth is projected to be above 5% in 2022 and 2023, outperforming China for the first time.

The News Lens

Household debt ratio eases slightly

The country’s household ratio eased to 86.8% of gross domestic product in the third quarter from 88.1% in the previous quarter, the Bank of Thailand said on Friday, as the economy continued to recover.

Bangkok Post

Democrats have become the war party

Democrats long since gave up challenging the war economy — which may kill us all, and is definitely bankrupting us

Salon

Long arm of the law affects all

With the economy on a recovery path, 2022 offered a roadmap for various industries to grow and cash in on near-term opportunities. For some sectors, a lack of supervision stymied potential development. As new rules are imposed and others expire, businesses and individuals need to adapt because the government is…

Bangkok Post

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3 Stocks to Help You Get Through Today's Market Fear

Instead of a Santa Claus rally, the market continues to experience volatility at the end of the year with uncertainties surrounding the reopening of the Chinese economy and a looming recession due to seemingly unending interest rate hikes. Given this backdrop, loading up on fundamentally strong stocks Walmart (WMT), Pfizer…

StockNews.com

5 ways to recession proof your money

Paying off expensive debt, reducing spending, and staying diversified can help weather economic storms.

Fortune

1 Entertainment Stock to Hold Forever and 2 to Sell

Strong demand for digital entertainment and the reopening of the economy should help the industry remain buoyed despite the macro headwinds. While Comcast Corp. (CMCSA) could be worth betting on now, fundamentally weak stocks, DISH Network (DISH), and WideOpenWest (WOW), might be best avoided. Keep reading….

StockNews.com

Top Biden advisor says the U.S. economy has a 'fighting chance' of avoiding a recession with a 'soft landing'

Heather Boushey says big government is on the recession case: Just pay attention to all the legislation the White House has passed.

Fortune

1 Stock That Stands to Benefit From a Potential Chinese Stimulus

After bottoming out in November, iron-ore prices have witnessed a solid recovery, driven by the reopening of the Chinese economy and the possibility of a government stimulus to aid the country’s revival. Hence, investing in major Rio Tinto (RIO) would be opportune. Read on….

StockNews.com

Peru launches $1.6 billion economic recovery plan after protests

Peru's finance minister on Thursday announced a $1.55 billion plan to revive the economy, impacted by weeks of protests that have followed the ouster of former President Pedro Castillo.

Reuters

3 Hot Stocks on Wall Street’s Radar Right Now

While the Fed’s aggressive rate hikes this year have led to inflation colling in recent months, it is far beyond the Fed’s target rate. Moreover, amid mounting layoffs and recessionary concerns in the economy, it could be wise to invest in fundamentally strong stocks Broadcom (AVGO), Fortinet (FTNT), and Advanced…

StockNews.com

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The Independent UK

Applications for US unemployment aid rose slightly last week

The number of people seeking unemployment benefits rose modestly last week, the latest sign that the labor market remains strong despite the Federal Reserve’s efforts to cool the economy and hiring

StockNews.com

1 Cybersecurity Stock You Can Depend on in 2023

Thanks to the growing digital economy, cybersecurity is becoming increasingly important. Cybersecurity company Fortinet (FTNT) is attempting to expand its market presence and might be a dependable buy for 2023. Read on….

Dynamite News

India Can Be $40 Trillion Economy By 2047: Mukesh Ambani

This goal is realistic and achievable because India is blessed with… The power of young demography; The power of a mature democracy; And the newly acquired power of technology. Read on for details:

The Times of India

Indian economy presents a picture of resilience amid global shocks: RBI governor Shaktikanta Das

MUMBAI: Amid global shocks and challenges, the Indian economy presents a picture of resilience and the regulators are ready to take appropriate actions to preserve financial stability, RBI governor Shaktikanta Das said on Thursday.

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Reuters

China's Xi solidified grip on power during tumultuous 2022

Xi Jinping secured an historic third leadership term in October, emerging as China's most powerful ruler since Mao Zedong, bolstered by a Politburo Standing Committee stacked with allies and no successor-in-waiting to challenge him.

Reuters

Bolivia to protect big-state economic model, plans ‘aggressive’ gas push: minister

Bolivia is committed to protecting its subsidy-reliant, big-state economic model despite deficit risks and is planning an "aggressive" push into gas exploration, the economy minister told Reuters.

Asharq Al-Awsat

Saudi Arabia Approves Energy Supply Law

The Saudi Council of Ministers approved on Tuesday the Energy Supply law, which complements the sector’s legislative system based on the best international practices. In this regard, Saudi Energy Minister Prince Abdulaziz bin Salman noted that the law “aims to enable the efforts of restructuring the energy sector, in order…

Asharq Al-Awsat

Global Alarm Grows over China's Covid Surge

The United States is the latest in a growing number of countries to impose restrictions on visitors from China after Beijing abruptly removed a major impediment to overseas travel despite surging Covid cases at home. Hospitals across China have been overwhelmed by an explosion of Covid cases following Beijing's decision…

Bangkok Post

Economic risks to watch out for in 2023

The world will end 2022 with big celebrations. Yet not because of robust economic growth, as growth this year is projected to be only 3.2% -- following the International Monetary Fund's (IMF) recent projections -- compared to 6.0% growth in 2021.

Bangkok Post

Mergers shake up the landscape

Amid economic challenges and rapid changes in various sectors, the strategic approach of mergers and acquisitions (M&A) was used to help businesses stay afloat and elevate their competitiveness, in addition to partnership agreements.

Fortune

Goldman Sachs economists keep doubling down on their call that we’ll avoid a recession. Their boss disagrees.

What a difference 30% makes. Goldman’s chief economist sees about a one-in-three chance of the economy shrinking, but CEO David Solomon sees it the other way.

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