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The Latest Breaking News from Economy

World economy jolted by war with recessions now seen looming

PARIS: The world as a whole has been jolted by the war in Ukraine, according to the OECD, which cut almost all growth forecasts for the Group of 20 next year while anticipating further interest-rate hikes too.

The Times of India

UK Labour leader accuses government of trashing economy

The leader of Britain’s main opposition Labour Party has accused the governing Conservatives of losing control of the economy

The Independent UK

How Kwasi Kwarteng’s budget damaged the economy and what will happen now

Policy Correspondent Jon Stone unpacks how unfunded tax cuts pulled the rug out from under the UK economy

The Independent UK

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Travel experts’ top five tips for getting extra legroom without spending more

You won't need to fork out the extra fees in Economy that airlines often charge for those who want the extra space if you follow these tips from experts at Travel Lens

Daily Mirror

Jan. 6 still has the power to shock. But will it drive voters' decisions?

LOS ANGELES — In a competitive Los Angeles-area congressional district, the campaign playbooks are well-defined. Republican Rep. Mike Garcia is relying on voter discontent about the economy. His Democratic challenger, Christy Smith, wants abortion rights to be top of mind.

Los Angeles Times

Budget 2023: Dublin hairdresser fears VAT increase will see customers turn to shadow economy

She also fears that customers will simply have to stop going to the salon to make ends meet this winter

Dublin Live

Is the UK in a recession? How central banks decide and why it's so hard to call it

Last week, UK chancellor Kwasi Kwarteng launched a bid to boost economic growth with the largest tax cutting exercise for half a century. What this so-called mini-budget has since overshadowed, however, was an admission by the Bank of England the previous day that the UK may already be in a…

The Conversation

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Starmer: Do not forgive Tories for crashing the economy

Labour leader Sir Keir Starmer used his conference speech to condemn the Tories for the economic turmoil facing the country.

The Independent UK

Keir Starmer: Do not forgive Tories for crashing the economy

Labour leader Sir Keir Starmer used his conference speech to condemn the Tories for the economic turmoil facing the country.

Evening Standard

German minister sees nuclear extension as increasingly likely - Spiegel

Germany's economy minister expects to have to extend the lifespans of the country's last two nuclear power plants to avoid possible outages and grid bottlenecks in Europe's biggest economy this winter, Spiegel weekly reported on Tuesday.

Reuters

Day Today ‘Pound stolen’ sketch goes viral after sterling tanks

Social media users post sardonic British humour after Liz Truss and Kwasi Kwarteng’s mini-budget

The Guardian - UK

UK government bonds: why are yields rising and why does it matter?

Britain’s borrowing costs have soared as investors turn sour on prospects for economy

The Guardian - UK

Pound’s collapse means cut-price visit for tourists to see King Charles, says airline boss

Chief executive of Virgin Atlantic says Government needs to change course to stop hurting economy - but collapse could mean boost for tourism

Evening Standard

IGCF to Kick Off in Sharjah to Discuss Role of Communication in Global Economy

The 11th International Government Communication Forum (IGCF) will kick off in Sharjah in the United Arab Emirates on September 28. The two-day event underlines the importance of the role played by government communication in global economic issues. It will address economic issues and ways to strengthen relations between various cultures…

Asharq Al-Awsat

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Bangkok Post

WTO chief: World economy edging into recession

The head of the World Trade Organization (WTO) added her voice to a growing chorus of observers who see the global economy headed into a recession.

The Guardian - UK

Virgin Atlantic chief: UK government should reverse course as pound slumps

Airline boss says weak sterling is hurting both the UK economy and consumers

The Independent UK

Rayner warns ‘disjointed’ economy is crushing Britain’s ‘entrepreneurial spirit’

The deputy Labour leader makes the case for rewarding employers who want to do ‘the right thing’, so they can help promote ‘sustainable’ growth.

Asharq Al-Awsat

Sudanese Head North to Egypt Seeking Brighter Future

At downtown Khartoum's al-Souq al-Arabi, travel agencies helping young Sudanese seek a brighter economic future in Egypt are replacing once-packed hardware stores in a corner of the capital's main commercial hub. The exodus reflects growing despondence over prospects at home, where the economy has been in free fall and the…

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The Texas Tribune

Texas Democrats try to convince voters they aren’t bad for oil and gas

Candidates like Beto O’Rourke and Mike Collier say they want to work toward a cleaner energy future but aren’t looking to eliminate the energy jobs that boost Texas’ economy.

Birmingham Post

Premier Inn unveils St Ives hotel plans for care home site

The national chain said, if approved, the proposed hotel could create jobs and generate millions of pounds for the local economy

France 24

Sterling recovers after dramatic fall but remains at historic low

After statements from the Bank of England and the UK Finance Minister Kwasi Kwarteng on Monday, the British pound recovered slightly on Tuesday morning but remained at its lowest level in decades against the dollar. All eyes will now be on the UK central bank's November meeting and a potential…

Insider UK

Entrepreneurial Scotland seeks to raise £75,000 to boost internship programme

New crowdfunding initiative launched to grow the foundation's 2023 scholarship scheme

Los Angeles Times

Worried about the economy? Demand for these jobs is high and growing

Elsa Reaza was ready to leave her job when a friend suggested she apply for a housekeeping position at the Conrad, a new luxury hotel in downtown Los Angeles.

Los Angeles Times

A second Prime sale shows Amazon is nervous about the economy too

Holiday bargain shopping is starting extra early this year. And that could be good news for shoppers, even if it signals slightly worrisome things for the economy.

The Independent UK

Pound stabilizes but turmoil continues for UK economy

The British pound has stabilized in Asian trading after plunging to a record low, as the Bank of England and the British government try to soothe markets nervous about a volatile U.K. economy

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