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The Latest Breaking News from Economy

Lobbyists are lining up to push Congress to approve more corporate tax breaks before Jan. 1, including extending deductions for research and development. Supporters argue that U.S. businesses need such incentives to keep the nation competitive in the world economy.

Tribune News Service

Net zero drive 'could be worth £22 billion' to Scottish economy

New report estimates Scotland requires 109% growth in number of SMEs providing retrofitting services to reach net zero targets

Insider UK

Biden makes final plea for high-stakes midterms: ‘Next year will shape our lifetimes’

In his final speech before election day, the president attacked Republicans on the economy but also offered a hopeful note

The Guardian - US

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China's super-rich see fortunes plunge as economy slows

China's super-rich saw their wealth tumble by the most in over two decades this year, as the Russia-Ukraine war, Beijing's zero-COVID measures and falling mainland and Hong Kong stock markets pummelled fortunes, an annual rich list said on Tuesday.

Reuters

PM welcomes new US ambassador

Robert F Godec, the new United States ambassador, paid a courtesy call on Prime Minister Prayut Chan-o-cha on Monday in a meeting that resulted in both sides agreeing to strengthen ties across various fields such as the economy, according to government spokesman Anucha Burapachaisri.

Bangkok Post

Work on parking garage for O’Hare international terminal will cause traffic delays, city warns

Travelers are urged to allow for extra time if parking at Lot D, next to the international terminal. Other options include Economy Lot F, which connects to the terminal via the Airport Transit System, also known as the people mover.

Chicago Sun-Times

Excited Mr. Wonderful Is Craving Political 'Gridlock' To Help Avoid 'Horrific Policy Mistakes'

Kevin O’Leary, aka Mr.

Benzinga

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3 Attractively Priced Stocks to Buy This Week

The Fed’s continued hawkish monetary policy stance has raised fears of an impending recession. Despite the market pressure, the U.S. GDP saw a positive turnaround in the third quarter of 2022, indicating a resilient economy. Amid this scenario, we think investors should buy fundamentally sound stocks Abbott Laboratories (ABT), Verizon…

StockNews.com

2 Stocks to Buy if You're Looking to Make Passive Income

Despite rampant macro headwinds, job growth in October surpassed estimates. Moreover, President Joe Biden remains confident that the country's economy will rebound shortly. Investors looking to make passive income could now add quality dividend stocks Pfizer (PFE) and PepsiCo (PEP) to their portfolios. Keep reading….

StockNews.com

Entrepreneurial state must lead on climate woes

In recent weeks, several members of the Glasgow Financial Alliance on Net Zero -- a group of 450 financial institutions -- have quit over concerns about the cost of delivering on their climate commitments. In dropping out, they have given the lie to the notion that private financial institutions can…

Bangkok Post

Thailand, Laos ink MoU covering post, digital tech

The Ministry of Digital Economy and Society (DES) on Monday entered into a memorandum of understanding (MoU) agreement with the Ministry of Technology and Communications of Laos to collaborate in the postal, digital infrastructure development, ICT and e-commerce fields for eight years.

Bangkok Post

Large tax rises from Jeremy Hunt ‘could put UK at risk of deeper slowdown’

Such a move may force Bank of England to rethink interest rates approach, says its chief economist

The Guardian - UK

What's the difference in the UK and Scotland's approach to tackling climate change?

RISHI Sunak has reaffirmed the UK Government’s commitment to clean growth as a method of dealing with the climate crisis.

The National (Scotland)

Australia's gas economy tops $70bn a year

Amid pressure for an extra tax on gas profits, the industry is mounting a defence of its importance to the Australian economy.

AAP

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Benzinga

Block, Eli Lilly And 2 Other Stocks Insiders Are Selling

The US economy added 261,000 jobs in October, while the unemployment rate increased to 3.7% during the month. Investors, meanwhile, focused on some notable insider trades.

Al Jazeera

Al Jazeera’s guide to the US midterm elections

Economy, abortion rights, the future of democracy: Al Jazeera breaks down what’s at stake in key US vote.

Bangkok Post

Ministry drafts 'tough measures' to curb cyber crimes

Tough measures to suppress and prevent cyber crimes, including swift action against proxy accounts transferring fraudulently obtained money, will soon be submitted for cabinet approval, according to the Digital Economy and Society (DES) Ministry.

The Texas Tribune

Rural Texas is the state’s foundation. And it’s in jeopardy.

Downtowns are deserted, hospitals are closing, teachers are leaving. Every part of life in rural Texas is harder — but it’s worth saving.

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Asharq Al-Awsat

Iraq to Increase Production Capacity at Basra Refinery

Iraq's Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani announced Sunday that the Oil Ministry is working to increase the refining capacity of the Basra Gas Company to 1,400 million cubic feet per day in the coming years. During his visit to the facilities of…

Asharq Al-Awsat

COP27... A Climate Summit with an Economic Spirit

The economy appears to be at the heart of problems and solutions to the world’s climate crisis as the COP27 UN Climate Change Conference got underway in Egypt’s Sharm el-Sheikh on Sunday. As the world rushed towards industrialization at the onset of the 20th century, it drove unwanted gases into…

The Guardian - UK

The Tories concocted the myth of the ‘migrant crisis’. Now their survival depends on it

Brexit is exposed, the economy is in shreds, the party has imploded – and the government is running out of people to blame, says Guardian columnist Nesrine Malik

Tribune News Service

Greg Abbott, Beto O’Rourke both ask: Who’s more terrible for Texas?

DALLAS — As Texans prepare to elect their next governor, Greg Abbott and Beto O’Rourke have similar campaign messages: The other guy would be terrible for Texas.

The Guardian - AU

Why Australia is stuck with these low productivity rates

Politicians like to bemoan low productivity but the causes are complex and baked into the economy

The Guardian - UK

Brexit isn’t to blame for our current problems; it is still an opportunity

Whether that opportunity is seized or squandered is yet to be seen but the dire predictions didn’t happen

Reuters

Analysis-Egypt eyes diplomatic payoff from hosting COP27 climate summit

When Egypt hosts the COP27 climate summit this week it will be hoping for an injection of international legitimacy as well as green financing at a time when its economy has been struggling and it has faced rising criticism over human rights.

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