The Latest Breaking News from Economy

Australia is banking on China’s economy to take off but headwinds are looming

The Albanese government is wary of Chinese economic volatility amid a slumping property sector and shrinking population

The Guardian - AU · Jan 21, 2023

Egypt Says Nasrallah’s Statements About Economy Are 'Nonsense'

Spokesman for Egypt’s Ministry of Foreign Affairs Ahmed Abu Zeid on Friday called remarks by Hezbollah Secretary-General Hassan Nasrallah about the economic situation in Egypt “nonsense” and “an attempt to recall fake heroism.” Nasrallah’s statements are likely linked to Egypt snubbing Iranian attempts to open channels for communication between Cairo…

Asharq Al-Awsat · Jan 21, 2023

'Vape crusader' hails Scottish Government review into banning disposable e-cigs

EXCLUSIVE: Scots activist Laura Young welcomes inquest by ministers into the single-use devices as an 'exciting development'.

Daily Record · Jan 21, 2023

Larry Summers says the economy is looking good—but a potential pitfall for the Fed could still be the 'greatest tragedy'

It's been all good economic news in recent weeks, but the former Treasury secretary warns the final stretch to fight inflation might be the hardest.

Fortune · Jan 20, 2023

Kentucky threatens to divest from 11 banks over ESG policies

Kentucky State Treasurer Allison Ball (R) on January 2 issued a statement notifying 11 banks that their environmental, social, and corporate governance (ESG) policies amounted to energy boycotts that harmed the state’s economy according to definitions passed into law last spring. The statement says the banks have 90 days to…

Ballotpedia · Jan 20, 2023

A tale of two job markets

Layoffs signal trouble ahead, yet other key indicators show an economy that's chugging along.

Axios · Jan 20, 2023

India, UAE in early talks to settle non-oil trade in rupees

The United Arab Emirates (UAE) and India are discussing ways to boost non-oil trade in rupees as the Gulf country looks to strengthen ties with a major trade partner and boost its economy.

The Times of India · Jan 20, 2023

Germany under growing pressure to send tanks to Ukraine

It’s amazing what the Germans can do when they put their mind to it. Prior to February 2022, the country was heavily reliant on Russian gas to heat its homes and power the mighty industries that make it the fourth-largest economy in the world. Before the war, more than half…

Evening Standard · Jan 20, 2023

Explained: Why tech giants are laying off staff globally

NEW DELHI: The gloomy outlook for global economy in 2023 has pushed several tech firms and Wall Street titans to lay off staff across offices worldwide.

The Times of India · Jan 20, 2023

The Week Ahead: Waiting for the recession during the economic recovery

The end of last year was supposed to be an economic dud. It wasn’t. Instead, the American economy likely continued its rebound.

Miami Herald · Jan 20, 2023