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The Latest Breaking News from Economy

Mark Carney doubles down on claim that Brexit has shrunk UK economy

Former Bank of England governor Mark Carney has defended his bleak warnings that Brexit would devalue sterling and add to inflation ahead of a recession.

Evening Standard

Dow Surges 150 Points; US Economy Adds 261,000 Jobs

U.S. stocks traded higher this morning, following the release of jobs data for the month of October.

Benzinga

On the ballot in the US midterms: Economy

Rampant inflation and high interest rates have made the economy a pressing poll issue.

Al Jazeera

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Labour takes inspiration from Cameron and Osborne on economic attack

Shadow ministers look to approach used by pair in 2010, but say Tories crashed economy and only Labour can save it

The Guardian - UK

US jobs top forecasts, wages pick up in resilient labor market

U.S. employers added more jobs than expected in October while wages rose firmly, underscoring the resilience of the labor market despite the Federal Reserve’s aggressive efforts to cool it down.

Tribune News Service

US job growth still robust

WASHINGTON: US businesses reported strong hiring and wage increases in October although the unemployment rate climbed, offering a mixed picture as Federal Reserve officials debate how long to extend their campaign to curb elevated inflation.

Bangkok Post

Rishi Sunak reviewing Northern Powerhouse Rail and other infrastructure projects

There has also been speculation that the Sizewell C nuclear power plant could be delayed or scrapped.

The Independent UK

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US economy adds 261,000 jobs in October, unemployment rises to 3.7 per cent

Labor force participation remains below pre-Covid-19 levels

The Independent UK

Five things we know about the economy as experts predict longest UK recession on record

Not everything is as bad as it has been feared but next year looks bleak

Wales Online

U.S. economy adds 261,000 jobs in October as labor market stays solid

Employers continue to add workers at a robust pace as the labor market defies fears of a recession.

Axios

Yes, it's the economy, but the state of democracy, abortion and Ukraine loom large as issues before 2022 midterms

The 2022 midterm elections, perhaps more than most in recent American history, present voters with a multitude of pressing issues to consider as they prepare to vote. These issues range from abortion to rising inflation, energy costs to the state of American democracy.

The Conversation

Jeremy Hunt plots tax hike for savers and businesses as Brits face longest ever recession

Chancellor Jeremy Hunt is expected to announce tax hikes and massive cuts to public spending in an attempt to wrestle the economy back under control after Liz Truss's chaotic stint in No10

Daily Mirror

Free Trade Would Boost the Economy, But It's Not on the Ballot

Joe Biden adopted his predecessor’s protectionism, threatening our peace and prosperity.

Reason

Brexit a key reason for UK inflation, former Bank of England boss says

BREXIT is one of the key reasons why the UK’s central bank has been forced to raise interest rates despite an oncoming recession, a former…

The National (Scotland)

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Bangkok Post

Upgrading smart ports to be safer and more efficient with 5G and 4L autonomous driving systems

Today, technology and the environment is a major focus area of many countries. In order to achieve carbon neutrality goals and respond to the global transition to “Green Economy and Society”, governments around the world have begun implementing new policies and harnessing innovative technologies to help upgrade existing structures and…

France 24

US midterms: Meeting voters along the Mississippi River

FRANCE 24 takes you on a journey through the American heartland, from the Midwest to the South, for a closer look at the issues that could decide the crucial November 8 midterm elections. Our reporter Fanny Allard met with Americans in cities along the Mississippi River to find out how…

Evening Standard

Former Treasury minister blames Liz Truss and Kwasi Kwarteng for budget chaos

A former Treasury minister has repeatedly refused to apologise for his role in Liz Truss’s disastrous “mini-budget” which nearly crashed the economy.

The Independent UK

Interest rate pain is consequence of Brexit, says former Bank of England governor OLD

Current financial woes ‘bear out warnings of Remain side in EU referendum’

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The Guardian - UK

UK rail strikes suspended as RMT says employers ‘seeing sense’ and talks intensifying – as it happened

The rail union says strikes for Saturday, Monday and Wednesday have now been called off

Bangkok Post

China-linked currencies gain on reopening hopes

Rising speculation over the easing of Covid-19 curbs in China spurred gains in currencies tied to Asia’s biggest economy on Friday.

Tribune News Service

Editorial: In the economy’s interest: Federal Reserve is right to suggest slowing rate hikes

Economies are not known for being simple things to untangle. Unlike in the physical sciences, where if you do enough calculations, you can shoot a projectile into an asteroid moving at an incredible speed 7 million miles away, the so-called laws of money deal with the hazier and less predictable…

Miami Herald

The Week Ahead: A confidence game in the economy and elections

It is the economy. It’s always the economy. Even when it’s not the economy, it’s the economy that drives elections.

The Guardian - US

Bernie Sanders hits the campaign trail with days left before US midterms

Vermont senator holding nine rallies across five battleground states, hoping to deliver winning argument to young and working-class voters

The National (Scotland)

Plans for Highland golf course backed as ‘essential’ for local economy

THE new owners of one of the biggest hotels in the Highlands have said the development of a world-class golf course at Coul Links in Sutherland is…

The Independent UK

High costs, economy, abortion top last Pappas-Leavitt debate

U.S. Rep. Chis Pappas has accused his Republican challenger of treating politics as a performance without offering solutions to problems, while Karoline Leavitt has accused the Democratic incumbent of being a partisan problem creator during their third and last debate

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