The Latest Breaking News from Economy

Tunisian Droughts Threaten Food Security

Three years of drought have dried up Tunisian reservoirs, threatening harvests that are critical to the country's battered economy and pushing the government to raise tap water prices for homes and businesses. Since September only 110 million cubic meters of rain fell in Tunisia, about a fifth of the normal…

Asharq Al-Awsat · Jan 11, 2023

Dublin economy stagnates with businesses 'feeling the pinch'

Dublin's economy had grown for eighteen consecutive months as the worst of Covid-19 restrictions lifted, but recorded a decline during the last three months of 2022

Dublin Live · Jan 11, 2023

French pension reform plans raise concern among manual workers

The French government's plan to raise the retirement age from 62 to 64 has many people worried, especially those who work in physically demanding professions. Though the government says there will be possibilities for early retirement based on working conditions, we meet French metalworkers who remain concerned about their future.…

France 24 · Jan 11, 2023

Asia stocks echo Wall Street rally as inflation report looms

Asian shares are trading higher, boosted by a rally on Wall Street that came ahead of some potentially market-moving reports scheduled for later in the week

The Independent UK · Jan 11, 2023

COVID-19 turned global supply chains upside down – 3 ways the pandemic forced companies to rethink and transform how they source their products

This is the sixth and final installment in our series on where the global economy is heading in 2023. It follows recent articles on industrial action, inflation, energy, food and the cost of living.

The Conversation · Jan 10, 2023

3 Surefire Stocks to Add to Your Portfolio in 2023

With slow wage growth and low unemployment raising hopes of the much-coveted soft landing for the economy, loading up on fundamentally strong and profitable stocks Cisco Systems (CSCO), United Microelectronics (UMC), and Acuity Brands (AYI) could help generate solid returns. Continue reading….

StockNews.com · Jan 10, 2023

Kentucky threatens to divest from 11 banks over ESG policies

On January 2, Kentucky State Treasurer Allison Ball (R) issued a statement notifying 11 banks that their 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 stop what Kentucky argues are…

Ballotpedia · Jan 10, 2023

Putin's stalled Ukraine war could make Russia a failed state by 2033, global strategists say

Economic collapse and social upheaval could be in the cards for Russia and Putin by 2033.

Fortune · Jan 10, 2023

Jamie Dimon rattled the markets last year by comparing the coming recession to a 'hurricane.' Now he says it's just some 'storm clouds'

JPMorgan Chase CEO Jamie Dimon says he shouldn't have used the word "hurricane" to describe what lies ahead for the U.S. economy last year, but adds that there still are "storm clouds" and "heightened uncertainty."

Fortune · Jan 10, 2023

World Bank: Recession a Looming Threat for Global Economy

The global economy will come “perilously close" to a recession this year, led by weaker growth in all the world's top economies — the United States, Europe and China — the World Bank warned on Tuesday. In an annual report, the World Bank, which lends money to poorer countries for…

Asharq Al-Awsat · Jan 10, 2023