The Latest Breaking News from Economy

Brexit to blame for return to austerity, says leading economist

Former Bank of England policymaker Michael Saunders claims that the UK economy has been ‘permanently damaged’ by leaving the EU

Wales Online · Nov 14, 2022

Paris overtakes London as Europe’s largest stock market

Gap narrowing since Brexit referendum finally closes, according to Bloomberg

The Independent UK · Nov 14, 2022

Cuba slashes growth forecast as economic crisis grinds on

Cuba has cut by half its original forecast for growth in 2022, the head of its chamber of commerce said on Monday, as the Caribbean island nation struggles to jumpstart its ailing economy and all-important tourism industry.

Reuters · Nov 14, 2022

2 Stocks Every Investor Should Make Room in Their Portfolio For

Despite the October inflation report showing a slowdown in the price increases, the U.S. economy is still surrounded by deep uncertainty. Moreover, the IMF has warned of further challenges ahead. Therefore, quality stocks Johnson & Johnson (JNJ) and Coca-Cola (KO), which have a solid dividend-paying record, could be ideal additions…

StockNews.com · Nov 14, 2022

3 Stocks You Shouldn’t Even Think About Selling

As the Fed approved its fourth supersized rate hike early this month, consumer sentiment is slightly worse for the month and the near future. Moreover, the IMF issued a gloomier outlook for the global economy. Therefore, fundamentally solid stocks Bristol-Myers Squibb (BMY), Cigna Corporation (CI), and J.Jill (JILL) could be…

StockNews.com · Nov 14, 2022

China should take a Gradual Path to Resuming Face-to-Face Cross-Border Activities

The resumption of normal cross-border activities does not mean that China is letting go of its anti-pandemic controls overnight. Rather, it signals more balanced coordination between pandemic prevention and economic growth

Caixin Global · Nov 14, 2022

Harry Styles concerts at Emirates Old Trafford help provide £27m boost to Manchester's economy

Emirates Old Trafford is set to open a 100-room extension to the current Hilton Garden Inn next year

Birmingham Post · Nov 14, 2022

PIF, BlackRock Sign MoU to Boost Foreign Direct Investment

The Saudi Public Investment Fund (PIF) and US investment giant BlackRock signed a Memorandum of Understanding on Monday to jointly explore infrastructure projects in the Middle East, focused on Saudi Arabia. Industries to be targeted include energy, utilities, transport and telecoms. PIF and BlackRock will cooperate to attract regional and…

Asharq Al-Awsat · Nov 14, 2022

London dealt Brexit blow as the City loses equity market title to Paris

An index compiled by Bloomberg showed combined market capitalisation of primary listings in Paris overtook London in US dollar terms

Evening Standard · Nov 14, 2022

UAE Joins Global Alliance on Green Economy

The UAE cabinet approved the country's joining to the Global Alliance on Green Economy, led by the World Green Economy Organization, which aims to launch programs and initiatives, create sustainable funding, and establish partnerships among developing countries to ensure an effective transition. Emirates News Agency (WAM) reported that joining the…

Asharq Al-Awsat · Nov 14, 2022