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The Latest Breaking News from Economy

Italy's Giorgetti gets Meloni's backing to be economy minister

Giancarlo Giorgetti, a former industry minister and the deputy leader of the right-wing League party, looked well placed to become Italy's next economy minister on Thursday after getting the backing of the conservative coalition chief.

Reuters

Abortion, economy take center stage in Craig-Kistner debate

Democratic U.S. Rep. Angie Craig is portraying her GOP challenger as a pawn of Big Oil and Big Pharma who conceals his opposition to abortion rights

The Independent UK

Energy crisis: how to help small businesses survive and become more sustainable

The number of companies in financial distress has spiked in parts of the UK to the highest level since the 2007-8 global financial crisis laid waste to the global economy. The latest government figures show that in August more than one in ten UK businesses reported a moderate-to-severe risk of…

The Conversation

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Police order striking French petrol staff back to work

Workers at an oil refinery in northern France have agreed to go back to work after weeks of striking as the government ordered more staff back to work at other sites, saying petrol shortages are taking too big a toll on the economy.

Radio France Internationale

T20 World Cup: Picking the key trends ahead of upcoming tournament

The tournament begins in Australia next week

The Independent UK

U.S. applications for jobless aid rise last week

The number of Americans applying for unemployment benefits rose slightly last week but remains historically low even as the U.S. economy slows in the midst of decades-high inflation

The Independent UK

Oil Output Cut May Tip Global Economy Into Recession, Elon Musk's Starship's First Space Tourist, Alphabet Approves Distribution Of Trump's Truth Social App: Top Stories Thursday, Oct. 13

Reuters

Benzinga

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The Leader podcast: Winter money worries worsen as economy shrinks

ONS data shows UK’s national finances contracted by 0.3% in August

Evening Standard

GCC Hails Saudi Role in Preserving World Economy, Stabilizing Oil Markets

The Secretary-General of the Gulf Cooperation Council, Nayef Al-Hajraf, on Thursday praised Saudi Arabia's role in protecting the global economy and the stability of energy markets, and affirmed total rejection of the statements issued against the Kingdom following the decision of the OPEC+ group. Hajraf expressed solidarity with Saudi Arabia,…

Asharq Al-Awsat

What the 1970s Can Teach Us About Today's Inflationary Politics

Inflation is a problem for politicians. Unfortunately for them, it's not a problem they know how to solve.

Reason

Jacob Rees-Mogg slapped down by No10 and top expert for attacking Tories' budget watchdog

A top economist said Jacob Rees-Mogg was half-right about the government's Budget watchdog being inaccurate... because the economy is actually WORSE than it predicted

Daily Mirror

Oil output cuts 'raise recession risk'

LONDON: A decision by the Opec+ oil producers’ group last week to cut output has driven up prices and could push the global economy into recession, the International Energy Agency warned on Thursday.

Bangkok Post

Liz Truss loyalist begs Tories not to sack her - because it'll crash the economy

Foreign Secretary James Cleverly, an ally of the crisis-hit PM, said any attempt to replace Ms Truss would be a 'disastrously bad idea politically and also economically'

Daily Mirror

Kwasi Kwarteng says ‘let’s see’ when asked about potential U-turn on corporation tax – as it happened

Chancellor does not rule out increasing corporation tax when asked about whether government will perform U-turn

The Guardian - UK

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Asharq Al-Awsat

Saudi Arabia Rejects Dictates, Attempts for Altering Kingdom’s Global Economy Protection Goals

Saudi Arabia, on Thursday, voiced total rejection of the statements issued towards the Kingdom following the OPEC+ decision to cut oil production. An official at the Foreign Ministry stated that the Saudi government has viewed the statements issued about the Kingdom following the OPEC+ decision announced on October 5, 2022.…

Tribune News Service

Commentary: The labor market’s double-edged sword

The unemployment rate now matches the pre-pandemic, half-century low of 3.5 percent. But with 2.8 million missing workers, low unemployment is both a blessing and a curse.

Tribune News Service

COUNTERPOINT: Gun violence is an important issue, but not the most important

Less than a month before the 2022 midterm elections, most polls show that the No. 1 issue for likely voters is, as Democratic strategist James Carville famously quipped 30 years ago, “the economy, stupid.”

The Times of India

India’s economy faces significant external headwinds, IMF says

NEW DELHI: India’s economy faces notable risks from global developments, including aggressive central bank actions and the fallout of the prolonged war in Ukraine, according to the International Monetary Fund.

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The Independent UK

Indian official dismisses report trade deal with UK on ‘verge of collapse’ over Suella Braverman comments

Truss led the opening rounds of trade talks in 2021 which was considered a shot in the arm for UK’s post-Brexit economy

France 24

Why semiconductors are central to world economy, geopolitics

The Chinese Communist Party Congress opens in Beijing on October 16, a week after Washington imposed tight restrictions on exports of invaluable semiconductor technology to China in a bid to stop it from surpassing the US economically and militarily. As semiconductors emerge as a key battleground, FRANCE 24 spoke to…

The Guardian - US

America’s love for cars continues – will gas prices decide the midterms?

Economy in focus: The US loves its cars – but soaring prices are a big issue. In the midwest, Adam Gabbatt asks voters what they think

The News Lens

Why Companies Decide To Leave or Stay in China

A recent survey of more than 500 Taiwanese companies shows a quarter have moved a part of their production or sourcing out of China.

The National (Scotland)

Believe in Scotland is now engine of the Yes campaign

BELIEVE in Scotland is best known for providing the independence movement with in-depth articles, eye-catching leaflets and widespread billboard…

AAP

Budgets 'best buffer' to global recession

Headwinds facing the global economy require a coordinated international response, Jim Chalmers has told at a meeting of central bank and economic officials.

Newcastle Herald

Piper tables port bill, slams 'straitjacket' on Hunter economy

Mr Piper has tabled legislation seeking to scrap controversial penalties on Newcastle developing a large-scale container terminal.

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