The Latest Breaking News from Economy

‘UK recession to last until end of next year’, say economists

THE UK economy is on track to shrink by 1.3 per cent in 2023 amid a recession which is set to last until the end of next year, according to a new…

The National (Scotland) · Dec 19, 2022

Analysis-EU unity over Russia sanctions falters as Europe's economy wilts

European Union unity over sanctions on Russia has started to falter as jitters about the impact on Europe's own stumbling economy weakens resolve to punish Moscow for war in Ukraine.

Reuters · Dec 19, 2022

Women Lack Basics in Lebanon's Crowded Prisons

Nour is raising her four-month-old daughter in Lebanon's most overpopulated women's prison, struggling to get formula and nappies for her baby as the country's economy lies in tatters. "I don't have enough milk to breastfeed, and baby formula isn't readily available," said the 25-year-old, who was detained eight months ago…

Asharq Al-Awsat · Dec 19, 2022

Syria Fuel Crisis Slows Down Life in Damascus

Syrian student Ziad al-Ezz can no longer get to university as severe fuel shortages cripple the capital Damascus, pushing residents to seek alternatives for heating and shuttering businesses. With the country's economy battered by more than a decade of war, authorities have announced four fuel price hikes since the start…

Asharq Al-Awsat · Dec 18, 2022

Germany pushes back on Russia with opening of gas terminal

Germany opened its first state-chartered liquefied natural gas vessel as Europe’s largest economy races to replace Russian gas amid an energy crunch and freezing temperatures.

Tribune News Service · Dec 17, 2022

Honour models for democracy

Since the 1998 ouster of the dictator Suharto -- who ruled Indonesia with an iron fist for over three decades -- the world's fourth most populous nation has undergone a series of rapid changes. Once dependent on foreign aid to exercise its basic functions, Indonesia has firmly established itself as…

Bangkok Post · Dec 17, 2022

Andy Burnham's answer to school leavers who don't want to go to university

The Greater Manchester mayor wants to set up a simplified system for school leavers to choose clear routes to employment and involve businesses to identify the skills lacking in the economy

Manchester Evening News · Dec 17, 2022

Scholz inaugurates 1st liquefied gas terminal in Germany

Chancellor Olaf Scholz has inaugurated Germany’s first liquefied natural gas terminal, declaring that the speed with which it was put into service is a signal that Europe’s biggest economy will remain strong

The Independent UK · Dec 17, 2022

Wang Tao: Key Takeaways From China’s Central Economic Work Conference

Stabilizing growth is the top priority, with measures to boost the real estate sector and a supportive tone for non-SOEs, foreign investors and online platforms

Caixin Global · Dec 17, 2022

Factories in China feel brunt of rising COVID infections

BEIJING / SHENYANG -- The end of Chi- na's zero-COVID measures is likely to dampen its economy for some time, as the abrupt policy change has unleashed a rapid spread of infections, with an increasing number of factories consequently forced to slow down.

The Japan News/Yomiuri · Dec 17, 2022