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The Latest Breaking News from Economy

Fungal toxins are widespread in European wheat – threatening human health and the economy

Wheat provides 19% of the calories and 21% of the protein consumed by humans globally. But a fungal disease called fusarium head blight (FHB), which can infect wheat crops and contaminate the grain with toxins, is on the rise.

The Conversation

What do politicians really think of economists? Our new research explains why relations fell apart after 2008

As countries across Europe and around the world grapple with high living costs and impending recession, voters are concerned about the economy and how their elected representatives will fix it.

The Conversation

High inflation and efforts to tame it defined 2022 economy

At times, 2022 felt like the 1970s or early ’80s

The Independent UK

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ECB: Euro zone economy probably contracting

FRANKFURT: The euro zone economy may contract in the last quarter of this year and the first quarter of next year because of high energy prices, but it should still manage weak growth in 2023, the European Central Bank (ECB) said on Thursday.

Bangkok Post

2 Strong Buy Stocks You Should Never Sell

The Fed announced a 50-bps rate hike this week, stepping down from its 75-bps raises for four consecutive times. With cooling inflation and reduced interest rate hikes, the economy might succeed in avoiding a recession. However, as the market conditions are expected to remain uncertain with the Fed intending to…

StockNews.com

China’s economy braces for more turmoil

BEIJING: Economic activity in China weakened in November before the government abruptly dropped its zero-Covid policy, while a surge in infections in coming months is likely to cause more turmoil and push policymakers to increase stimulus.

Bangkok Post

Bank of England raises interest rates to new 14-year high

Warnings that further interest rate rises are likely in the coming months to stabilise the economy

Insider UK

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Interest rates: UK borrowers are facing a serious reality check

Latest Bank of England rise offers little hope to generation of homebuyers weaned on ultra-cheap mortgages

The Guardian - UK

4 Stocks Investors Should Limit Their Exposure to This Winter

Following the release of lower-than-expected CPI data for November, the Fed raised the interest rate by 0.5%, as expected. However, the central bank indicated it would keep raising rates next year. Since the rising rates could slow the economy and keep the market volatile, avoiding fundamentally weak stocks Boeing (BA),…

StockNews.com

Bank of England raises interest rates to highest level for 14 years

THE Bank of England has raised interest rates to their highest level for 14 years, putting further pressure on mortgage holders.

The National (Scotland)

South Africa leader fights for political future over scandal

The president of South Africa is fighting for his political future in a dramatic reversal of fortunes for an anti-apartheid icon once admired for tackling the problems of Africa’s most developed economy

The Independent UK

Moody’s Says Saudi Economic Growth at 10.2%, Driven by Non-Oil Sector Development

Moody’s said that the Saudi economy grew by 10.2 % during the first nine months of 2022.

Asharq Al-Awsat

WA budget surplus rises slightly in mid-year review as Mark McGowan eyes potential storms

Premier Mark McGowan paints a bleak picture of what's ahead for Western Australia's economy as he announces a $1.8 billion surplus for the next year.

ABC News

Australia’s unemployment rate remains at 3.4% in November as 64,000 new jobs added

National jobless rate remains at near 50-year low as rebounding economy faces labor shortages from lack of migration

The Guardian - AU

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AAP

Unemployment rate remains at 3.4 per cent

Australia's unemployment rate has stayed at 3.4 per cent, with another 64,000 jobs added to the national economy, the latest labour force figures reveal.

Irish Mirror

Lower and middle income families to 'feel the pinch' in 2023 as the economy begins to tank, ESRI says

The economists at the ESRI (Economic and Social Research Institute) have highlighted trouble coming down the tracks

Bangkok Post

B600 minimum wage is quite doable

The most debated economic topic of the month must be Pheu Thai Party's campaign promise to raise the minimum wage to 600 baht per day by 2027, from the current minimum wage of 354 baht.

Bangkok Post

World Bank eyes slower Thai growth

The Thai economy is projected to recover faster than expected this year, but will face slower growth in 2023 because of global headwinds, according to the World Bank.

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Tribune News Service

Powell says Fed still has a ‘ways to go’ after half-point hike

Chair Jerome Powell said the Federal Reserve is not close to ending its anti-inflation campaign of interest-rate increases as officials signaled borrowing costs will head higher than investors expect next year.

The Guardian - UK

Bank of England poised to raise borrowing costs to combat inflation

Financial markets expect 0.5 percentage point increase as fears mount that UK is about to enter long recession

InsideEVs

EPA Report: Tesla Had Lowest Emissions, Highest Fuel Economy In 2021

Tesla's numbers far exceed any other brand since it only produces zero-emissions vehicles. As brands add EVs to their lineups, they'll just begin to catch up.

StockNews.com

2 Fast Food Stocks to Buy Ahead of a Potential Recession

Despite inflation cooling down, the Fed’s aggressive monetary policy could push the economy into a recession. Given this backdrop, we believe quality fast food stocks Domino’s Pizza Group (DPUKY) and Nathan’s Famous (NATH) could be wise additions to your portfolio to garner good returns. Fast food stocks tend to be…

The Guardian - UK

North of England rail chaos stems from ‘toxic combination’ of issues, MPs hear

Late, inadequate and overbooked trains are costing the regional economy half a billion pounds a year

The National (Scotland)

Scotland ranked among worst countries for unsustainable material consumption

SCOTLAND has been ranked among the worst nations for unsustainable material consumption, according to a new report.

Salon

African nations tap into oil wealth

The continent's vast oil reserves could spell trouble for the climate — and for Africans

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