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The Latest Breaking News from Economy

Breaking Live 3 publishers covering this story in the last 6 hours

16m ago Danger zone: why war in the Middle East has landed the RBA’s inflation fight in tricky territory
3h ago RBA lifts rates to highest level in 15 years – risking a sharper slowdown of the economy
5h ago ‘It keeps growing’: the tent camp that stands against Spain’s housing crisis

UK's secondhand economy valued at £10 billion, as cash-strapped Brits sell unused items

The average Brit is holding onto 56 unwanted possessions - with almost a fifth sitting on up to £500 worth of old belongings

Daily Mirror · Feb 16, 2023

Five factors to explain FTSE 100’s record high despite recession

Economy and business backdrop is grim, but the energy boom and shareholder payouts have helped

The Guardian - UK · Feb 16, 2023

IKEA's looks to reduce environment impact with circular economy

Ingka Group CSO Karen Pflug discusses how IKEA makes its products more sustainable.

Fortune · Feb 16, 2023

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Cautious but steady consumers buoying hopes for US economy

Call it the Goldilocks consumer

The Independent UK · Feb 16, 2023

Economy and security on the ballot in Nigeria – 5 things to watch in presidential election

Voters in Africa’s largest democracy will go to the polls on Feb. 25, 2023, to pick a new president.

The Conversation · Feb 16, 2023

Xi Says China Must Boost Consumer Spending, Foreign Investment This Year

The president stresses the importance of consumption in bolstering the economy at a key annual meeting to set the economic policy agenda for 2023

Caixin Global · Feb 16, 2023

Saudi Arabia aims for huge new downtown in Riyadh by 2030

Saudi Crown Prince Mohammed bin Salman on Thursday launched a company to carry out a hugely ambitious development in downtown Riyadh, as part of the leading oil exporter's plans to make its capital a global metropolis and diversify the economy.

Reuters · Feb 16, 2023

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3 Must-Buy Nasdaq Stocks for 2023

Consumers showing resiliency in the face of rising inflation have helped the U.S. GDP to come in better than expected in the last quarter. Moreover, hopes of the economy avoiding a deep recession this year are rising. The Nasdaq Composite began this year on a positive note. Hence, fundamentally strong…

StockNews.com · Feb 16, 2023

Commentary: Big Tech makes billions off our personal data. It’s time for the US to pull in the reins

Every day, the $6.7 trillion Big Tech industry affects our lives in ways that empower and harm. Despite recent hits in earnings, current layoffs and Google getting slapped with yet another lawsuit from the Justice Department, the tech giants are still all-powerful in our society, economy and daily lives. They…

Chicago Tribune · Feb 16, 2023

Factbox-Nigeria's election: when is the vote and what's at stake?

Voters in Nigeria, Africa's biggest economy and most populous nation, head to the polls on Feb. 25 to elect a new president and lawmakers amid growing frustration over unprecedented insecurity, industrial-scale oil theft and surging inflation.

Reuters · Feb 16, 2023

Asian shares jump, boosted by a strong reading on US retail

Asian shares have advanced, cheered on by a stronger reading than expected on U.S. retail sales that set off a Wall Street rally

The Independent UK · Feb 16, 2023

Afternoon Update: Unemployment rises to 3.7%; Queensland shooting declared terrorism; and the ‘perfect’ cosmic explosion

Jim Chalmers says there are ‘human consequences’ for slowing economy

The Guardian - AU · Feb 16, 2023

Top German ministers spar over budget in sign of coalition tensions

German Finance Minister Christian Lindner and Vice-Chancellor Robert Habeck have clashed over plans for next year's budget, according to an exchange of letters seen by Reuters that underscores growing tensions in the three-way coalition.

Reuters · Feb 15, 2023

DES launches digital purchase scheme

The Digital Economy and Society (DES) Ministry has launched the Thailand Digital Catalog scheme as a mechanism to improve the quality of digital products and services developed by local startups and businesses so that they meet international standards.

Bangkok Post · Feb 15, 2023

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Chronicle Live · Feb 15, 2023

Northumberland County Council cabinet welcome multi-million funding to boost rural economy

The £9m funding will be provided by the North of Tyne Combined Authority and comes with intentions to 'spread out to the most remote parts of the county'

The Conversation · Feb 15, 2023

40 years on, does Australia need another Prices and Incomes Accord?

The election of the Hawke Labor government on March 5 1983 began an era of once-in-a-century economic reforms that opened the Australian economy to the world. It floated the dollar, eliminated controls on international capital flows, and dismantled the high tariffs that protected local manufacturers from imports. It refocused Australia’s…

The Independent UK · Feb 15, 2023

Alaska carbon plan: Boost state coffers without cutting oil

Alaska Gov. Mike Dunleavy is calling for the state to build off its oil and gas expertise to tap into the developing industry of carbon storage as a way to generate new revenue without curtailing the extraction industries that underpin Alaska’s economy

Kiplinger · Feb 15, 2023

Top 10 Electric Cars in the U.S. — Most Popular EVs

Electric car sales continue to climb. We list the top-selling EVs in the U.S. Who knows, you might be driving one in years to come.

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The Guardian - UK · Feb 15, 2023

Central Bank of Cyprus was to blame for banking crisis, not Demetris Christofias

Letter: Dr George M Georgiou points to poor regulation and supervision as the root cause rather than the former president’s handling of the economy

Los Angeles Times · Feb 15, 2023

What's 'de-influencing'? In an inflated economy, social media stars embrace the cheap

At first glance, Jacquelyn Mengel's TikTok looks like every other influencer video.

Los Angeles Times · Feb 15, 2023

It’s not just Disney: Hollywood slashes jobs as streaming bubble pops

LOS ANGELES — Walt Disney Co. Chief Executive Bob Iger said last week that the Burbank company will be slashing 7,000 jobs as the firm’s streaming efforts continue to lose money and the wider economy wallows through a downturn.

Evening Standard · Feb 15, 2023

The FTSE 100 just passed 8000, a new record. What does that mean for you, your finances and the UK economy?

London shares are at an all-time high. Why? And who benefits?

The Guardian - UK · Feb 15, 2023

China’s provinces spent almost £43bn on Covid measures in 2022

Third of provinces yet to publish data as country looks to revive economy after zero-Covid policy ends

The Guardian - AU · Feb 15, 2023

The RBA’s predictions are so dire it’s no wonder people are less confident than they were when the pandemic hit

To survive the next two years of economic growth as predicted without tipping into a recession would be astonishing

The Independent UK · Feb 15, 2023

Retail sales jump as Americans defy inflation and rate hikes

America’s consumers rebounded last month from a weak holiday shopping season by boosting their spending at stores and restaurants at the fastest pace in almost two years, underscoring the economy’s resilience in the face of higher prices and multiple interest rate hikes by the Federal Reserve

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