The Latest Breaking News from Economy

Saudi Arabia Launches Food Ecosystems and Arid Climates Challenge at Davos

The Saudi Ministry of Economy and Planning (MEP) and UpLink, the World Economic Forum's (WEF) open innovation platform, launched an innovation challenge designed to crowdsource transformative solutions to enhance food security in countries impacted by low rainfall, drought, and desertification. The Food Ecosystems and Arid Climates Challenge is a global…

Asharq Al-Awsat · Jan 20, 2023

French government plays down cost of strikes after huge turnout against pension reform

Strikes in protest at plans to raise the French retirement age are unlikely to hurt the country's economy, Finance Minister Bruno Le Maire said Friday, after more than a million people rallied across the country in protest at the planned pension overhaul.

France 24 · Jan 20, 2023

Asian markets rise after Wall St losses amid recession fears

Asian stock markets are higher after Wall Street losses deepened as worries grow that the U.S. economy is headed for recession

The Independent UK · Jan 20, 2023

The 3 Best Large-Cap Stocks to Buy Now and Hold Forever

Although the latest inflation and employment reports indicate a resilient economy, the Fed’s persistence to keep interest rates high has caused widespread concerns about an economic slowdown. With uncertainties surrounding the economy, we think it could be wise to buy and hold large-cap stocks Merck & Co. (MRK), Coca-Cola (KO),…

StockNews.com · Jan 19, 2023

India to be a $3.7 trillion economy in 2023, says RBI article

MUMBAI: India will be a $3.7 trillion economy in 2023, maintaining its lead over the UK as the fifth largest economy of the world, a Reserve Bank article said on Thursday stressing that the macro economic stability is getting entrenched.

The Times of India · Jan 19, 2023

Forget inflation, Jefferies says to watch out for a 'disinflation era' like the early 1980s

When former Fed Chair Paul Volcker hiked interest rates to quash inflation in the early 80s, a recession and disinflation followed. Jefferies sees a similar fate for the economy this year.

Fortune · Jan 19, 2023

Fewer Americans file for jobless benefits last week

U.S. applications for unemployment benefits fell last week to their lowest level in 16 weeks, defying the Federal Reserve’s attempts to slow the economy and bring down inflation

The Independent UK · Jan 19, 2023

Middle East round-up: Egypt economy pounded

Here’s a round-up of Al Jazeera’s Middle East coverage this week.

Al Jazeera · Jan 19, 2023

Bank of England Governor Andrew Bailey on inflation, interest rates and recession

Andrew Bailey has been on an official visit to South Wales

Birmingham Post · Jan 19, 2023

Davos CEOs are confident a bad economy won't stall climate initiatives or digital transformation

CEOs George Oliver, Bill McDermott, and Julie Sweet say some change is unstoppable.

Fortune · Jan 19, 2023