The Latest Breaking News from Economy

FTX files for US bankruptcy protection, CEO Bankman-Fried resigns – as it happened

Cryptocurrency exchange FTX starts bankruptcy proceedings in US and Sam Bankman-Fried is resigning as chief executive officer

The Guardian - UK · Nov 11, 2022

China shortens quarantine times, eases flight curbs in Covid Zero pivot

BEIJING: China reduced the amount of time travelers and close contacts of infected people must spend in quarantine, a significant calibration of the Covid Zero policy that has isolated the world’s second-largest economy and raised public ire.

The Times of India · Nov 11, 2022

Ross Greer: Scottish Greens have the policies that will put people first

WE can’t stick to the same failed policies that brought us here. An independent Scotland must have an economy that works for both the people and…

The National (Scotland) · Nov 11, 2022

Brexit backer and Next boss Lord Simon Wolfson says it was ‘definitely not the Brexit I wanted’

‘We have got people queuing up to come to this country to pick crops that are rotting in fields….and we’re not letting them in’

Birmingham Post · Nov 10, 2022

Explainer-Blood, treasure and chaos: the cost of Russia's war in Ukraine

Russia's Feb. 24 invasion of Ukraine has left tens of thousands of dead, displaced millions and spread economic strife across the world.

Reuters · Nov 10, 2022

A Look at the Saudi Green Transition

As part of Saudi Arabia’s endeavor to build a greener future for all, the Kingdom is following a path that covers many axes, by applying the circular carbon economy model, investing in the green transition, enhancing cooperation and knowledge transfer efforts, and activating partnerships between the public and private sectors.…

Asharq Al-Awsat · Nov 10, 2022

From Adani to climate change: What are the issues of apple growers this election season?

The apple belt is important to Himachal Pradesh’s electoral landscape. The apple crop makes up about 13 percent of the state’s economy. Early this year, apple farmers protested against increasing prices of cartons in which they sell their apples, GST, and also big corporations like Adani ‘lowering’ the prices. We…

Newslaundry · Nov 10, 2022

Wall Street surges and dollar tumbles as US inflation rate drops to 7.7% – as it happened

Dollar slides and stocks rally in New York on hopes that the Federal Reserve will slow its interest rate rises

The Guardian - UK · Nov 10, 2022

It’s the big issue of COP27 climate summit: poor nations face a $1 trillion ‘loss and damage’ bill, but rich nations won’t pay up

The costs of climate-related disasters are growing and the poorest countries are bearing the brunt of impacts, from the unprecedented floods in Pakistan to the expanding famine in Somalia. Natural disasters in 2022 alone cost the global economy an estimated US$227 billion.

The Conversation · Nov 10, 2022

Bay Area job cuts widen, affecting both tech company and airline workers

SAN JOSE, Calif. — Fresh employment cuts loom over the Bay Area’s uneven economy with a loss of hundreds of jobs due to shifting business needs for an airline and retrenchments for some high-profile tech companies.

Tribune News Service · Nov 9, 2022