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The Latest Breaking News from Economy

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.

Bangkok Post

Putin Grips Economy Tighter to Supply Russian War Machine

After a string of battlefield losses in Ukraine in recent months, President Vladimir Putin faces a big test at home: mobilizing Russia's economy to feed the war effort.

Bangkok Post

'Invisible' brides boost economy

Mail-order brides are those who register themselves in catalogues to be chosen by men for marriage. Since the mail-order bride industry forms an essential part of the informal economy in several underdeveloped and developing Asian economies, data misses the economic participation of Asian mail-order brides, making them "invisible" recruits in…

Bangkok Post

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Anwar Ibrahim Finally Won Malaysia’s Worst Job

The new prime minister has a grueling task ahead of him.

Foreign Policy

Wall Street's ‘Dr. Doom’ says a severe recession will cause stocks to drop 25%—and warns zombie companies are in danger

Even if the U.S. economy experiences only a “short and shallow” recession, “Dr. Doom” sees stocks falling another 15%.

Fortune

Experts raise concerns as Nigeria limits cash withdrawals

Experts raised concerns over a new policy announced by the Central Bank of Nigeria that heavily limits withdrawals of money in a push for a cashless economy

The Independent UK

3 Value Stocks You Need to Take Seriously in 2023

The stock market has remained highly volatile amid the ongoing macroeconomic uncertainties. Although the economy is showing resilience, recession fears are widespread. With value investing gaining traction, we believe fundamentally sound value stocks Lockheed Martin (LMT), Cigna Corporation (CI), and Albertsons (ACI) are great additions to your portfolio now. Read…

StockNews.com

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China Is the Wild Card for Global Inflation in 2023

The country’s long-awaited emergence from Covid Zero would ignite its economy and put upward pressure on prices around the world.

Businessweek

Is the party over for hospitality? The rise of ‘premium economy’ in the match day box

The days of a prawn sandwich and glass of fizz at half time might be over as you know it. Matt Rogan on the reinvention of sports hospitality - and why there’s now something for everyone

Evening Standard

Africa forum hails 'circular economy' solutions for climate

Reducing waste while boosting recycling and reuse, known as the ‘circular economy,’ will be vital for halting the loss of nature by meeting growing demand with fewer resources and will make communities more resilient to climate change by encouraging more sustainable practices on the African continent, organizers of the World…

The Independent UK

The RBA keeps slamming on the brakes, but the economy has already very much slowed down

GDP figures show wages and not just profits are starting to generate growth. Still, disposable income is going backwards

The Guardian - AU

Mozambique court finds former president's son, others guilty over $2 billion scandal

A Mozambican court on Wednesday found a former president's son and 10 other people guilty on charges related to a $2 billion "hidden debt" scandal that crashed the southern African nation's economy, sentencing them each to more than 10 years in prison.

Reuters

Goldman Sachs CEO says clients are shifting away from supply chain resiliency to keeping headcount down, but 'I'm not hearing panic'

Big banks weigh in on inflation, a pending recession, and consumer spending.

Fortune

‘Mighty’ shoppers drive the economy as millions splurge before Christmas

The strength of consumers spending right now has many economists scratching their heads ahead of Christmas but a "reckoning" looms.

The New Daily

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Reuters

Factbox-China's rigid zero-COVID-19 policy starts to thaw

China unveiled new measures to ease some of the world's toughest COVID-19 curbs on Wednesday, after three years of a "zero-COVID" policy that triggered widespread protests and hammered the economy.

Chicago Tribune

Commentary: The G-7′s price cap gamble on Russian oil is an untested idea

The United States and its allies in Europe have spent the last 10 months turning the screws on the Russian economy in retaliation for Vladimir Putin’s war on Ukraine. The Western coalition blocked Russia from accessing around half of its more than $600 billion in foreign reserves, disconnected multiple Russian…

Asharq Al-Awsat

Asian Equities, Oil Prices Dragged by Recession Fears

Asian investors extended a sell-off across global markets Wednesday while oil held losses on growing fears Federal Reserve monetary tightening will tip the US economy into recession. The drop followed another day deep in the red for New York's three main indexes after the heads of Wall Street's leading banks…

Reuters

Businesses want COP15 nature summit to deliver clarity

As government officials begin negotiating Wednesday toward a hoped-for deal to protect the wildlife and resources that prop up the global economy, investors are looking for one thing above all - clarity.

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The Times of India

These are the 10 new Covid rules China will follow on path to reopening

BEIJING: China announced 10 new measures for dealing with Covid-19 on Wednesday, accelerating its shift away from the zero-tolerance stance that has kept the country isolated from the rest of the world and devastated the economy over the last three years.

Bangkok Post

Economy firmly on recovery path, Arkhom tells Bangkok Post forum

The economy remains firmly on the path to recovery despite global uncertainty, and further interest rate hikes will be gradual to ensure that recovery continues, the finance minister said on Wednesday.

Fortune

China may reopen soon—but 'millions' of new COVID cases will disrupt its economic recovery

Analysts are warning of a "bumpy," "zigzagging" recovery since China's COVID cases and deaths will likely spike.

Asharq Al-Awsat

World Economy Faces More Pain in 2023 after a Gloomy Year

This was supposed to be the comeback year for the world economy following the Covid pandemic. Instead, 2022 was marked by a new war, record inflation and climate-linked disasters.

Reuters

Reaction to China loosening COVID restrictions

China said on Wednesday it would allow COVID patients with mild symptoms to isolate at home as part of a set of new measures that marked a major shift in a tough anti-virus policy that has battered its economy and sparked historic protests.

The Independent UK

S. Korea sees easing disruption as truckers' strike extends

Officials say South Korea’s economy is recovering from the initial shock of a nationwide walkout staged by thousands of cargo truckers, even as their strike reached its 14th day on Wednesday amid a stalemate with the government over freight fare issues

The Conversation

Indonesia has handed over the reins of the G20, but it will still play an influential role. Here's why

Indonesia has handed the G20 presidency over to India, following a successful summit in Bali last month.

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