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The Latest Breaking News from Economy

Harvard economist Jason Furman warns the U.S. economy could be headed for an ‘incomplete hard landing’. Here's what that means

Furman says a "soft landing" isn't the most likely outcome for the U.S. economy. Rising wages are creating a nightmare for the Fed that will lead to something much worse.

Fortune

Argentina to introduce income tax relief in January

Argentina's government will raise the floor for income taxes in January, the country's Economy Minister Sergio Massa said on Thursday, amid union demands to ease the burden on workers.

Reuters

National cost of Marsden Point closure highlighted by Christmas jet fuel shortage

The loss of the country’s only oil refinery is already hurting the economy with the threat of grounded planes this summer – and that's just the start, argues Simon Terry.

Newsroom.co.nz

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read the most diverse news in one place.

Derry councillor accuses Invest NI over "beyond ridiculous" job creation numbers

However, Invest NI denied the claims, saying that they've helped add £232m into the region’s economy in the last five years

Belfast Live

Three-day Scottish economics festival will challenge Westminster jargon

GLOBAL economists and comedians will be heading to Dundee next year to discuss Scotland's place in a globalised economy at the first economic…

The National (Scotland)

How Kerala and Delhi media covered the protest against Adani’s Vizhinjam port project

After four and a half months, Kerala’s fisherfolk on Wednesday “temporarily halted” their protest against the expansion of the Vizhinjam port in Thiruvananthapuram. The fisherfolk fear the Rs 7,525-crore project, controversially awarded to a Gautam Adani company by the previous Congress-led state government in 2015, will ruin their ecology, livelihoods…

Newslaundry

3 Stock Plays to Make Before the End of the Year

The Fed indicated a slowdown in its rate hike pace ahead, boosting investors' optimism. Moreover, the economy is showing resilience in the face of macro headwinds. As December is known to be a strong month for the stock market, investors could load up on fundamentally solid stocks, Microsoft (MSFT), Bristol-Myers…

StockNews.com

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Former Mozambique president's son jailed over 'hidden debt'

The son of a former president of Mozambique has been sentenced to 12 years in prison after being found guilty, along with 10 other people, on charges related to a corruption scandal in which the government concealed large debts, crashing the country's economy.

Radio France Internationale

The 4 Best Stocks to Buy Amid Market Volatility

Markets will likely remain extremely volatile ahead of the November Consumer Price Index (CPI) report and the Fed’s December policy decisions. Overall, the odds of the economy sliding into a recession are increasing. Given the uncertain economic backdrop, we think it could be wise to invest in fundamentally strong stocks…

StockNews.com

Apple supplier Foxconn's founder pushed China to ease COVID curbs - WSJ

Apple supplier Foxconn's founder Terry Gou had warned China that the government's zero-COVID stance would threaten the position of the world's second-largest economy in the global supply chain, the Wall Street Journal reported.

Reuters

Peru swears in Boluarte as new president after Castillo’s ‘coup’ attempt fails

Peru’s sixth president in four years starts her first day in office seeking to build a cabinet and restore confidence in the $240 billion economy after her predecessor tried to suspend congress and call for a new constitution.

Tribune News Service

US jobless claims up modestly last week

Slightly more Americans filed for jobless claims last week but the labor market remains one of strongest parts of the U.S. economy

The Independent UK

Oil prices fall to lowest level of the year

Oil prices are a big tell on how investors feel about the global economy's prospects

Axios

China scrambles to recalibrate 'zero-COVID' policy

WUHAN, China/BEIJING -- The administration of Chinese President Xi Jinping has rolled back some elements of its "zero-COVID" policy, as the slowing economy and public frustration with strict infection prevention measures stoke concerns within the government.

The Japan News/Yomiuri

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The Independent UK

On the money: Yellen's next milestone is name on US currency

Janet Yellen is set to unveil the first U.S. currency bearing her signature, marking the first time that U.S. bank notes will bear the name of a female treasury secretary

Asharq Al-Awsat

Oil Rebounds on Optimism over China's Revamp of COVID Protocols

Oil prices rebounded on Thursday amid optimism over China's easing of anti-COVID measures, recouping losses after slumping to the lowest levels so far this year in the previous session. Brent crude futures rose $1 or 1.3% at $78.17 per barrel by 0750 GMT, while US West Texas Intermediate (WTI) crude…

The Independent UK

World shares mixed ahead of U.S. jobless, inflation data

Shares are mixed in Europe and Asia ahead of the release Thursday and Friday of U.S. jobless and inflation data

Fortune

90% of China could get COVID, warns one of Beijing's top medical advisors

Experts are warning of a massive exit wave as Beijing abandons costly and unpopular COVID-zero measures, like lockdowns, isolation and mass testing.

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Asharq Al-Awsat

Pederson: Syria's Status Quo Is In Nobody's Interest

Syrian Foreign Minister Faisal al-Mekdad on Wednesday discussed with the UN Special Envoy for Syria, Geir Pedersen, the latest developments related to the situation in Syria and the region. The official Syrian News Agency, SANA, said Pedersen presented the results of the tours and meetings he conducted over the past…

The Guardian - UK

Thursday briefing: How to tackle the crumbling early-years childcare crisis

In today’s newsletter: Increasing costs and under-investment have left an industry struggling to survive. Could a radical overhaul not only help families but also boost the economy?

The Independent UK

Biden approval, views of economy steady, sour: AP-NORC poll

President Joe Biden is facing consistent but critical assessments of his leadership and the national economy as his second year in the White House comes to a close

The Independent UK

Japan's economy shrank less in July-Sept, revised data show

Japan has reported its economy contracted less than previously thought in the last quarter, weathering the country’s latest big COVID wave with less damage than had been thought

Bangkok Post

Industry group knocks Pheu Thai's 600B minimum wage

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is opposing the Pheu Thai Party's pledge to raise the daily minimum wage to 600 baht because it could affect the business sector's competitiveness.

Bangkok Post

Pheu Thai clarifies wage-hike pledge

The Pheu Thai Party has clarified its election campaign promise to lift the daily minimum wage to 600 baht after it ran into heavy criticism, saying the wage will be raised only when the economy is back on track.

Bangkok Post

10m foreign tourist target nears

The economy remains firmly on a path towards economic recovery despite growing uncertainties from inflation, geopolitical risks and a potential global recession next year, the finance minister said on Wednesday.

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