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The Latest Breaking News from Economy

Biotech start-up bags £2.3 million to commercialise circular economy platform

Money will be spent on a demonstrator facility near Stirling, as well as around 10 new staff

Insider UK

Damascus Announces Establishing Syrian-Iraqi Business Council

The Syrian Ministry of Economy and Foreign Trade issued a decision on Tuesday to establish the Syrian-Iraqi Business Council. The Ministry designated Mohamed Nasser al-Sawwah as the President of the Council and Ziad Aubrey as a vice-chairman from the Syrian side. According to a Ministry statement, the Council aims to…

Asharq Al-Awsat

Echoes of dire 1970s in today's Britain

Plans for a high-wage, high-growth economy lie in ruins as Britain's Conservative prime minister struggles to answer a cost-of-living crisis, compounded by rising worker unrest.

Reuters

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Scotland 'paying economic price' for staying with declining UK

SCOTLAND is “paying the economic price” for staying in the union according to a new analysis, which says the UK is in long-term decline and…

The National (Scotland)

Hunter town looks set for 24/7 restaurant, but not everybody's McHappy

The restaurant is slated to inject approximately $5 million "into the local economy during construction, and total wages generated by the new McDonald's operation will be approximately $1 million per year".

Newcastle Herald

What Indonesians in Australia would like their neighbours to understand better about their home country

Indonesia aims to become a superpower in Asia with its massive population and growing economy. However, without knowing the country better, there are warnings Australia may miss out on opportunities.

ABC News

3 Dividend Stocks That Could Pay You for Life

Although inflation seems to be cooling down, it is far from the Fed’s target level. And the central bank is expected to continue its interest rate hikes, further slowing down the economy. In these uncertain times, dividend stocks Coca-Cola (KO), Kimberly-Clark (KMB), and Caterpillar (CAT) might be ideal investments to…

StockNews.com

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What William Ruto's presidency would mean for Kenya's economy

William Ruto has been declared the winner of Kenya’s 2022 presidential election. The close results have been queried, raising the risk of a prolonged political transition. But, if cleared, Ruto is set to inherit an economy that’s not in great shape. For example, unemployment is running high, a fact that…

The Conversation

Analysis-As economy wilts, Argentina's Massa seeks to sow hope with farm chiefs

The "superminister" tasked with rescuing Argentina's crisis-racked economy needs cash now, and so just days into the job he has launched a charm offensive to win over farm industry titans to access crucial debt forgiveness ahead of a looming deadline.

Reuters

Liz Truss: Who is the foreign secretary hoping to become prime minister?

Social media savvy ‘human hand grenade’ seen as continuity candidate and currently ahead of Rishi Sunak thanks to questionable tax promises and neo-Thatcherite branding

The Independent UK

Ambitious 50-year plan unveiled to transform Dublin's 'City Edge'

DCC and SDCC say it has the potential for 40,000 new homes and 75,000 jobs contributing billions to the economy

Dublin Live

$South Africa's proposed fracking regulations should do more to protect groundwater$

South Africa's proposed fracking regulations should do more to protect groundwater

South Africa is extremely water scarce, and water supply will become more challenging in the future. The population and economy are growing, increasing demand. Rainfall is variable and more extreme and prolonged droughts are expected because of climate change. More than 80% of South Africa’s available surface water resources are…

The Conversation

After a long hiring boom a sign of a shift in direction

The rush to hire in post-Covid economy first phase may be playing itself out

Evening Standard

Four economists on ways to tackle UK cost of living crisis

Political leaders from all major UK parties have put forward proposals to relieve the cost of living crisis this winter

Wales Online

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Axios

China's economic growth is slowing, and the government's not doing much about it

China's economy has been the largest source of growth for global GDP for much of the last two-plus decades.

Axios

Why rents are soaring pretty much everywhere in the U.S.

A recession wouldn't bring much relief for renters.

Wales Online

Work begins on A4119 dualling scheme in RCT which could boost local economy by £30m

The plan is to turn 1.5km of road between the South Wales Fire and Rescue Service HQ roundabout and the Coed-Ely roundabout into a dual carriageway

The Guardian - UK

Glass half empty or full? The two ways of viewing latest UK jobs figures

Analysis: While chancellor says unemployment has rarely been lower, Bank of England predicts recession will push up jobless rate

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Asharq Al-Awsat

Tunisia’s Economy Grows 2.8% Despite Difficulties

The Tunisian economy grew 2.8 percent during the second quarter of 2022 annually, according to the National Institute of Statistics. The Institute said the growth is due to the high value-added growth rate in the services sector, which amounted to 5.2 percent annually. However, compared to the growth rate in…

Al Jazeera

Indonesia’s Widodo hails ‘strong’ economy, rising global profile

Indonesian leader says country stands at ‘pinnacle’ of international leadership after winning presidency of G20.

Ballotpedia

Economy and Society, August 16, 2022: ESG becomes a campaign theme

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

The Independent UK

Asian shares mostly higher, echoing Wall Street rebound

Asian shares are mostly rising after a rebound on Wall Street, despite regional investor risks reflected in negative economic data out of China

Daily Mirror

Workers' pay falls at record levels as Tories 'have lost control of the economy'

Boris Johnson is on his second holiday in a fortnight as Brits are facing a deepening cost of living crisis. Between April and June, regular pay slumped by 3% when taking skyrocketing inflation into account, according to official statistics.

The Guardian - UK

UK real pay falls by record 3%, as job vacancies also decline – as it happened

UK wages adjusted for inflation decline at fastest rate in 20 years, while job vacancies fall, as average annual grocery bill is set to jump by £533 to £5,128

The Independent UK

Ukraine's Black Sea deal also helps Russian farmers, economy

Agreements to unblock Ukrainian grain stuck at Black Sea ports for nearly six months of war also gave a boost to Russia's food and fertilizer

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