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The Latest Breaking News from Economy

OPEC Head: Uncertainty Over Demand, Global Economy are the Reasons for the Cut, Not Politics

The reduction in oil production targets more spare capacity in case of any global emergency, OPEC's Secretary-General Haitham al-Ghais has announced. The 13 members of the Organization of the Petroleum Exporting Countries (OPEC) and 11 of its allies led by Russia, known as OPEC+, agreed on Wednesday to lower their…

Asharq Al-Awsat

Where is the Bottom for this Bear Market?

Bounces will pop up here and there as they did this past week...but don’t think for a second that this bear market is over because the Fed is not yet done with their mission to tamp down the flames of recession. When all is said and done we will have…

StockNews.com

Thaicom prevails in new ruling on satellite dispute

Tribunal arbitrators have unanimously ruled that the Thaicom 7 and 8 satellites are not part of an agreement with the Digital Economy and Society (DES) Ministry, thus freeing the satellite operator Thaicom from the ministry's obligations.

Bangkok Post

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Asian shares fall as rate fears return

RECAP: Asian markets fell yesterday as optimism that had fuelled earlier buying gave way to nervousness ahead of a US jobs report that could determine Federal Reserve rate hike plans.

Bangkok Post

Where did Liz Truss go wrong? Join our expert online panel discussion on UK politics

Sign up to our free virtual panel event discussing the latest twists and turns surrounding the UK’s economy and political landscape

The Independent UK

IMF board approves $1.3 billion in emergency funding for Ukraine

The International Monetary Fund said on Friday its executive board approved Ukraine's request for $1.3 billion in additional emergency funding to help sustain its economy as it battles Russia's invasion.

Reuters

The threat of foot-and-mouth disease entering Australia sparked panic. Then what happened?

It was the disease threat that was going to up-end Australia and cost the economy billions. So what happened next with foot-and-mouth disease?

ABC News

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Survey: Odds of a US recession by mid-2024 now hit 65%

The U.S. economy’s odds of avoiding a recession are narrowing — and quickly.

Tribune News Service

'When loo rolls seem like luxury items, we know our economy has gone down the pan'

Things are bad when Greggs add extra pennies to their pastries and I start to question whether I can afford my favourite M&S rhubarb jam at £2.50 a jar

Daily Mirror

Nigeria's Buhari proposes record $47.3B budget for 2023

Nigerian President Muhammadu Buhari is making a big bet to revive the West African nation’s economy and end its security woes with a record 20.5 trillion naira ($47.3 billion) proposed expenditure plan presented lawmakers in the capital city of Abuja on Friday

The Independent UK

'Begin Preparing For A Recession': 8 Experts React To Jobs Report, Stock Market Sell-Off

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower Friday after the Labor Department reported strong U.S. jobs market numbers from September.

Benzinga

OBR forecasts likely to show £60bn-£70bn hole after Kwarteng’s mini-budget

Predictions handed to chancellor expected to paint gloomy picture for UK economy amid sweeping tax cuts

The Guardian - UK

3 Stocks With Growth Potential You Won't Want to Miss

The Federal Reserve’s single-minded battle against inflation is expected to keep the stock market volatile and the economy teetering on the brink of a recession. However, companies with resilient and profitable businesses might be able to endure the near-term challenges. Hence, we think it could be wise to invest in…

StockNews.com

Mexico president taps tax agency head for Economy Department

Mexican President Andrés Manuel López Obrador has chosen the head of the country's tax agency to fill the cabinet-level post of secretary of the economy

The Independent UK

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The Hindu

World Bank has downgraded Indian economy but PM is still resorting to empty slogans, alleges Congress

Ms. Shrinate said rupee has hit a historic low.

Radio France Internationale

France falls behind Western allies in weapons deliveries to Ukraine

Rankings published by the Kiel Institute for the World Economy show that France's 233 million euros of military aid to Ukraine place it 11th in the world, well behind the US (25 billion euros), Britain (4 billion euros) and Poland (1.8 billion euros). Paris says weak manufacturing capacity rather than…

Benzinga

Dow Drops Over 400 Points After US Economy Adds 263,000 Jobs During September

U.S. stocks traded lower this morning, with the Dow Jones dropping more than 400 points on Friday.

Benzinga

Risky 'Shadow Banks' Are Still Unregulated: Are They A Threat To The UK Economy?

The Bank of England recently unpacked £65 billion ($72 billion) in an emergency measure to avoid a crash in government bond prices. Without the intervention, the U.K.’s pension funds, which rely heavily on bond holdings, would have entered default. A larger economic crisis was averted.

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Reuters

Mexican tax chief Raquel Buenrostro named as next economy minister

Mexican President Andres Manuel Lopez Obrador on Friday named the country's tax authority chief Raquel Buenrostro as the next economy minister, a day after former minister Tatiana Clouthier resigned.

The Independent UK

US economy adds 263,000 jobs in September

The positive jobs report could be a sign that recent interest rate increases haven’t caused businesses to slow hiring

The Guardian - US

The broken US economy breeds inequality and insecurity. Here’s how to fix it

On one side, oceans of wealth and power. On the other, precarity and powerlessness. But we have the tools for reform

Axios

U.S. economy adds 263,000 jobs in September

Monthly job gains have slowed from the breakneck pace that defined the pandemic recovery.

Reuters

Taiwan economy minister to address 'concerns' during US visit

Taiwan Economy Minister Wang Mei-hua will visit the United States next week to respond to what her office called "concerns" about supply chains and geopolitical issues and will also visit U.S. tech firms that are major customers of Taiwanese semiconductor companies.

Birmingham Post

Direct US and Middle East flights to Northern Ireland targeted under proposed airline funding scheme

The Department for the Economy is developing a new Northern Ireland Route Development Scheme

Al Jazeera

Imran Khan: ‘This government will push Pakistan to the brink’

Ex-PM attacks the government over its handling of the flood-ravaged economy and once again calls for swift elections.

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