The Latest Breaking News from Economy

Starmer claims rejoining single market would not boost economic growth

The Labour leader first said he did not think the move would uplift the economy ‘at this stage’, before later appearing to clarify his remarks.

The Independent UK · Dec 5, 2022

Editorial: Reform and Opening-Up Is Needed to Get China’s Economy Back on Track

Easing of Covid restrictions won't automatically lead to recovery, with more economic reforms required by the government at all levels

Caixin Global · Dec 5, 2022

CEO optimism fading as economy teeters

It's the first time since 2020 that the index has fallen below its long-run average.

Axios · Dec 5, 2022

Reversing Brexit now would not help UK economy, says Keir Starmer

Rejoining single market would create even more uncertainty, says Labour leader, who instead wants a ‘better Brexit’

The Guardian - UK · Dec 5, 2022

Ukraine and UAE to start talks on bilateral trade deal

The United Arab Emirates and Ukraine agreed on Monday to begin talks on a bilateral trade deal, expected to conclude by the middle of next year, the UAE's economy ministry said.

Reuters · Dec 5, 2022

UK car sales jumped 23.5% in November despite 2023 recession looming – as it happened

Rolling coverage of the latest economic and financial news, as CBI warns UK faces recession and a lost decade without a government growth plan

The Guardian - UK · Dec 5, 2022

Bank of America CEO says the latest jobs report supports his prediction of a 'mild' recession

“The belief was when the Fed started raising rates that there would be an immediate snap to the economy,” Brian Moynihan said. “That didn't happen.”

Fortune · Dec 5, 2022

Asian shares gain, oil prices up after Russia price cap deal

Asian shares are mostly higher and oil prices also have risen after the European Union and the Group of Seven agreed on a boycott of most Russian oil and a price cap of $60 per barrel on Russian exports

The Independent UK · Dec 5, 2022

Sunak’s government ‘going backwards’ on green economy, says CBI

Business bosses ‘confused and disappointed’ by PM’s lack of growth plan in face of recession

The Guardian - UK · Dec 5, 2022

Many Australian businesses will scale back climate action when economy slows, survey finds

The 2022 Climate Check international survey also found support in Australia for a crackdown on ‘greenwashing’

The Guardian - AU · Dec 4, 2022