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The Latest Breaking News from Economy

Multi-million pound plan to attract major events to ACC Liverpool

The fund would also go towards research and engagement support at the Liverpool Convention Bureau

Birmingham Post

How a new and improved furlough scheme could help the UK tackle recession and economic uncertainty

The UK economy is on the brink of a recession while also experiencing weeks of financial volatility following the launch of the government’s unfunded growth plan last month.

The Conversation

Analysis-Russia's mobilisation may stymie economic recovery

Already blighted by Western sanctions, Russia's economy now faces a more self-inflicted blow, with President Vladimir Putin's military mobilisation drive threatening to undermine productivity, demand and recovery.

Reuters

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IMF cuts 2023 global growth, warns major economies to stall

Global growth is expected to slow further next year, the International Monetary Fund (IMF) said Tuesday, downgrading its forecasts as countries grapple with the fallout from Russia's invasion of Ukraine, spiralling cost-of-living and economic downturns.

Bangkok Post

The 5 biggest threats to West Africa's oceans – and what to do about them

The natural resources that form ocean ecosystems can play a significant role in the socio-economic growth and development of nations.

The Conversation

IMF dims outlook for 2023 global economy amid Ukraine war

The International Monetary Fund is downgrading its outlook for the world economy for 2023, citing a long list of threats that include Russia’s war against Ukraine, chronic inflation pressures, punishing interest rates and the lingering consequences of the global pandemic

The Independent UK

IMF tells central banks to focus on inflation as recession looms

Fund says ‘worst yet to come’ because of rising living costs, Ukraine war and Chinese slowdown

The Guardian - UK

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Journalists pan Liz Truss for 'Pyongyang-style' attack on transparency

LIZ Truss’s allies are abandoning her almost as fast as she is careering around No10 wrecking the UK’s economy.

The National (Scotland)

Inflation: why France is holding up better than its neighbours (for now)

The combination of the Covid pandemic and energy crisis linked to the Ukraine war have put global financial stability in an unenviable position. Faced with rising uncertainty, policy-makers around the world have imposed a range of policies and restrictions. These, in turn, have rocked businesses and supply chains, causing the…

The Conversation

Woman rages as boyfriend books himself business class flight - but leaves her in economy

A woman has been left outraged after her boyfriend decided to treat himself to a business class seat on an upcoming plane journey - as he left her sitting in economy

Daily Mirror

Democrats' abortion ad blitz

Dems are focusing on abortion while Republicans talk about Trump and the economy.

Axios

Tourists flock to Japan after COVID restrictions lifted

Travellers expected to deliver sorely needed 5 trillion yen ($35bn) boost to the world’s third-largest economy.

Al Jazeera

Sanders: "Don't ignore economy"

"Now is the time for Democrats to take the fight to the reactionary Republican Party"

Salon

Expanding free school meals could pump up to £41bn into the economy

A major study has found free school meals slash costs for parents, save the NHS cash by cutting obesity, and boost pupils' lifetime earnings because they do better at school

Daily Mirror

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The Guardian - AU

Treasurer says Australia likely to avoid recession but admits global economy is ‘dangerous’

Jim Chalmers says spiralling energy costs the most ‘problematic aspect of our inflation problem’ through to mid-2023

The Guardian - AU

Japan opens borders to tourists as last pandemic travel restrictions eased

Japan removes strict Covid-19 travel curbs, fuelling hopes a tourist boom will reinvigorate the economy

Tribune News Service

Beto O’Rourke: Texas economy is successful but not because of Greg Abbott

DALLAS — The Texas economy is humming, but it’s not because of Gov. Greg Abbott — it’s in spite of him, Beto O’Rourke said Monday.

Daily Mirror

'Aftershocks of Kwarteng’s disastrous mini-Budget continue to be felt across country'

The Chancellor’s botched intervention has caused the price of mortgages to spiral, damaged confidence in Britain’s economy and increased the cost of government borrowing

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news in one place.

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Bangkok Post

Google leads digital skills drive

Google is joining hands with the public and private sectors to provide 22,000 scholarships under "Samart Skills", a programme aiming to equip workers with digital skills for which demand is expected to reach 1 million by 2030.

The Guardian - US

US is headed for a recession, says head of JP Morgan Chase bank

Jamie Dimon said the Federal Reserve ‘waited too long and did too little’ as inflation has surged in the past 18 months

AAP

US rate hikes could fan local inflation

Treasurer Jim Chalmers is heading to Washington to take the temperature of the global economy before handing down his first budget.

Bangkok Post

Recession fears deepen in Thailand

State agencies, businesses and households are being urged to brace for a global economic slowdown which could easily deteriorate into a recession next year.

Reuters

Mexico names new head of tax authority

Mexican President Andres Manuel Lopez Obrador on Monday designated Antonio Martinez to be the new head of Mexico's new tax authority (SAT) in replacement of Raquel Buenrostro, who was named as economy minister last week.

The Independent UK

Large rail union rejects deal, renewing strike possibility

The third largest railroad union rejected its deal with the railroads Monday — renewing the possibility of a strike that could cripple the economy — but before that could happen both sides will return to the bargaining table

Benzinga

Paul Tudor Jones Correctly Predicted The 1987 Stock Market Crash: Here's What The Billionaire Hedge Fund Manager Says Is Coming Next

Billionaire hedge fund manager Paul Tudor Jones sees continued weakness ahead as the U.S. economy heads for recession.

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