The Latest Breaking News from Economy

China sees lockdowns surge in week since Covid policy adjusted

BEIJING: Covid control restrictions now weigh on a fifth of China's economy as infections continue their upward march, defying the central government's call for more targeted, less disruptive Covid Zero measures.

The Times of India · Nov 22, 2022

Union Budget 2023: India Inc seeks capex focus, sops for jobs in next budget

NEW DELHI: Industry captains on Monday asked finance minister Nirmala Sitharaman to retain her focus on public spending on infrastructure, which will also include private investment, provide sops for sectors that create additional jobs, continue the concessional tax regime for the manufacturing sector and help channelise funds into the green…

The Times of India · Nov 22, 2022

Keir Starmer vows to wean business off ‘cheap labour’

Labour leader to tell CBI conference that UK’s low-pay economy and reliance on immigration must end

The Guardian - UK · Nov 22, 2022

ASX rises despite Wall Street's losses and China's renewed COVID-19 lockdowns

Australian shares trade moderately higher, despite losses on Wall Street as a spike in COVID-19 cases and newly recorded deaths in China lead to lockdowns being reinstated in the world's second-largest economy.

ABC News · Nov 21, 2022

Mystic Rish! predicts bold future where innovation trumps immigration

PM tells business leaders all they have to do to make most of Brexit is to go forth and innovate

The Guardian - UK · Nov 21, 2022

2 Strong Stocks to Consider Buying This November

While market volatility is still prevalent, experts believe the U.S. economy might succeed in achieving a 'soft landing.' Moreover, most S&P 500 companies surpassed revenue and EPS estimates in the third quarter. Therefore, fundamentally sound stocks Pfizer (PFE) and Flowers Foods (FLO) could be ideal additions to your portfolio now.…

StockNews.com · Nov 21, 2022

Group aims to raise £2000 so kids don't go without presents this Christmas

“Heating or eating is really a thing. In the fifth richest economy that simply shouldn’t happen”

Liverpool Echo · Nov 21, 2022

The U.S. Travel Association: ‘Visa processing delays are hurting economic growth. Here’s how the Obama Administration solved the same problem 10 years ago’

Discouraging travelers from just three countries–Brazil, India, and Mexico–will cost the economy $5 billion next year, according to the U.S. Travel Association.

Fortune · Nov 21, 2022

Wishaw MP says households in Lanarkshire facing shortfall due to Brexit

Those living in North Lanarkshire face a shortfall of £157 million according to MP Marion Fellows

Daily Record · Nov 21, 2022

Autumn statement is highly political compared to research on 'best' ways to fix public finances

The UK faces some significant belt-tightening following Chancellor Jeremy Hunt’s autumn statement, which announced spending reductions and tax rises of around £55 billion. Much research has been done into the best ways to do fiscal austerity in terms of reducing debt, avoiding economic damage and not exacerbating inequality. So how…

The Conversation · Nov 21, 2022