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The Latest Breaking News from Economy

Breaking Live 3 publishers covering this story in the last 6 hours

12m ago A look at France’s public debt as economy takes center stage in French election
1h ago Argentine leader Milei on mission to beef up economy during Paris visit
1h ago India can't take growth for granted, FinMin warns as global rates rise and investors turn cautious

Goldman Sachs CEO says clients are shifting away from supply chain resiliency to keeping headcount down, but 'I'm not hearing panic'

Big banks weigh in on inflation, a pending recession, and consumer spending.

Fortune · Dec 7, 2022

‘Mighty’ shoppers drive the economy as millions splurge before Christmas

The strength of consumers spending right now has many economists scratching their heads ahead of Christmas but a "reckoning" looms.

The New Daily · Dec 7, 2022

Factbox-China's rigid zero-COVID-19 policy starts to thaw

China unveiled new measures to ease some of the world's toughest COVID-19 curbs on Wednesday, after three years of a "zero-COVID" policy that triggered widespread protests and hammered the economy.

Reuters · Dec 7, 2022

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Commentary: The G-7′s price cap gamble on Russian oil is an untested idea

The United States and its allies in Europe have spent the last 10 months turning the screws on the Russian economy in retaliation for Vladimir Putin’s war on Ukraine. The Western coalition blocked Russia from accessing around half of its more than $600 billion in foreign reserves, disconnected multiple Russian…

Chicago Tribune · Dec 7, 2022

Asian Equities, Oil Prices Dragged by Recession Fears

Asian investors extended a sell-off across global markets Wednesday while oil held losses on growing fears Federal Reserve monetary tightening will tip the US economy into recession. The drop followed another day deep in the red for New York's three main indexes after the heads of Wall Street's leading banks…

Asharq Al-Awsat · Dec 7, 2022

Businesses want COP15 nature summit to deliver clarity

As government officials begin negotiating Wednesday toward a hoped-for deal to protect the wildlife and resources that prop up the global economy, investors are looking for one thing above all - clarity.

Reuters · Dec 7, 2022

These are the 10 new Covid rules China will follow on path to reopening

BEIJING: China announced 10 new measures for dealing with Covid-19 on Wednesday, accelerating its shift away from the zero-tolerance stance that has kept the country isolated from the rest of the world and devastated the economy over the last three years.

The Times of India · Dec 7, 2022

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Economy firmly on recovery path, Arkhom tells Bangkok Post forum

The economy remains firmly on the path to recovery despite global uncertainty, and further interest rate hikes will be gradual to ensure that recovery continues, the finance minister said on Wednesday.

Bangkok Post · Dec 7, 2022

China may reopen soon—but 'millions' of new COVID cases will disrupt its economic recovery

Analysts are warning of a "bumpy," "zigzagging" recovery since China's COVID cases and deaths will likely spike.

Fortune · Dec 7, 2022

World Economy Faces More Pain in 2023 after a Gloomy Year

This was supposed to be the comeback year for the world economy following the Covid pandemic. Instead, 2022 was marked by a new war, record inflation and climate-linked disasters.

Asharq Al-Awsat · Dec 7, 2022

Reaction to China loosening COVID restrictions

China said on Wednesday it would allow COVID patients with mild symptoms to isolate at home as part of a set of new measures that marked a major shift in a tough anti-virus policy that has battered its economy and sparked historic protests.

Reuters · Dec 7, 2022

S. Korea sees easing disruption as truckers' strike extends

Officials say South Korea’s economy is recovering from the initial shock of a nationwide walkout staged by thousands of cargo truckers, even as their strike reached its 14th day on Wednesday amid a stalemate with the government over freight fare issues

The Independent UK · Dec 7, 2022

Indonesia has handed over the reins of the G20, but it will still play an influential role. Here's why

Indonesia has handed the G20 presidency over to India, following a successful summit in Bali last month.

The Conversation · Dec 7, 2022

China November trade sinks under virus pressure, rate hikes

China’s imports and exports shrank in November as global demand weakened and anti-virus controls weighed on the second-largest economy

The Independent UK · Dec 7, 2022

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The Guardian - AU · Dec 7, 2022

The RBA has raised interest rates again. What does this mean for the economy in 2023?

Economists respond to the decision by the Reserve Bank to raise interest rates by 25 basis points to the highest level since the end of 2012

The Independent UK · Dec 7, 2022

China's Xi visiting Saudi Arabia amid bid to boost economy

Chinese leader Xi Jinping is attending a pair of regional summits in Saudi Arabia amid efforts to kick-start economic growth weighed down by strict anti-COVID-19 measures

The Guardian - AU · Dec 7, 2022

Australia’s GDP grew 0.6% in September quarter and 5.9% annually as economy recovered from Covid lockdowns

GDP figures show rapid economic growth across the year as Covid lockdowns were lifted, but quarterly increase came in slightly below expectations

Tribune News Service · Dec 6, 2022

Alaska continues to lose ground on wages compared with other states, though pay is still high

The "legendary" wages that once coaxed people to Alaska have continued to shrink compared to the rest of the U.S., due partly to a statewide recession before the pandemic and a slow recovery after it, according to a new report from the Alaska Department of Labor and Workforce Development.

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Bangkok Post · Dec 6, 2022

Fed to Weigh Higher Rates in 2023 While Slowing Rises This Month

Federal Reserve officials have signaled plans to raise their benchmark interest rate by 0.5 percentage point at their meeting next week, but elevated wage pressures could lead them to continue lifting it to higher levels than investors currently expect.

Bangkok Post · Dec 6, 2022

Turning art into cash

People travel to Bangkok for many reasons such as shopping, nightlife, street food and restaurants, and cultural attractions. With a goal to add more charm to the capital, the Bangkok Metropolitan Administration (BMA) launched the campaign "Colorful Bangkok" in which art is used as a medium to attract tourists.

Fortune · Dec 6, 2022

Jamie Dimon says Americans are spending all their money because of inflation—and that could tip the U.S. into a recession next year

The U.S. economy has been resilient this year despite the Federal Reserve’s aggressive interest rate hikes and high inflation, but JPMorgan Chase CEO Jamie Dimon warns “storm clouds” are still on the horizon.

The New Daily · Dec 6, 2022

Michael Pascoe: RBA on the precipice of its second big mistake

The RBA needs to chill to find out what it has actually done, Michael Pascoe writes.

StockNews.com · Dec 6, 2022

2 Penny Stocks to Buy Before December Ends

The U.S. economy expanded in the third quarter of fiscal 2022 despite the Fed's aggressive rate hikes. Moreover, November's robust job data indicates the economy's resiliency. As uncertainties remain, investors should consider buying quality penny stocks ARC Document Solutions (ARC) and Good Times Restaurants (GTIM) instead of the pricey names…

The Conversation · Dec 6, 2022

Chinese economic growth may never recover from COVID – here's why

Many countries have had to navigate the balancing act of keeping the economy alive versus protecting citizens from COVID in recent years. In China, patience with its zero-COVID policy – one of the world’s toughest strategies for dealing with the pandemic – are wearing thin among workers and students. Sporadic…

The National (Scotland) · Dec 6, 2022

Tory economic mismanagement cost the taxpayer £40bn in six months, MSPs told

A HOLYROOD committee has been told that Tory mismanagement of the economy has cost the taxpayer £40 billion in just six months.

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