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The Latest Breaking News from Economy

Breaking 3 publishers covering this story in the last 6 hours

2h ago Kenya breaks ground on $16bn refinery as environmental concerns grow
2h ago Most Americans blame Trump for high prices as his economic approval hits new low, AP-NORC poll shows
2h ago Trump dismisses low poll ratings as ‘fake numbers’ in Time interview
3h ago Warning signs multiply for Trump just a month before the midterms

China Imposes Covid Lockdown on Area Around iPhone Factory

Chinese authorities on Wednesday locked down the area surrounding the world's largest iPhone factory belonging to Foxconn after workers fled the facility to avoid a virus outbreak and the resulting restrictions. All people except Covid-prevention volunteers and essential workers "must not leave their residences except to receive Covid tests and…

Asharq Al-Awsat · Nov 2, 2022

China imposes fresh lockdown around major Apple iPhone plant

China ordered an industrial park that houses an iPhone factory belonging to Foxconn to enter a seven-day lockdown on Wednesday, in a move set to intensify pressure on the Apple supplier as it scrambles to quell worker discontent at the base.

Reuters · Nov 2, 2022

Report: India On Track To Become Third-Largest Economy By 2030

The report titled 'Why This Is India's Decade' looked at the trends and policies shaping the future of India's economy. Read on for details:

Dynamite News · Nov 2, 2022

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Majority of gig economy workers ‘feel under threat from review websites’

The study found the algorithms – processes used to rank workers according to performance metrics – lack transparency and are highly volatile.

The Independent UK · Nov 2, 2022

Rockhampton Ring Road delays will cost millions in lost revenue and jobs, business leaders say

Jason Thomasson has been preparing for an "industrial boom" that was expected with the start of Rockhampton's Ring Road. The project delay is estimated to cost the local economy $176 million in revenue and jobs.

ABC News · Nov 1, 2022

China's economy rotting from the head

China highlights a long-debated question about economic development: Can a top-down autocracy outperform liberal market economies in terms of innovation and growth?

Bangkok Post · Nov 1, 2022

With Lula's Win in Brazil, the Left Dominates Latin America

The question now is whether Bolsonaro’s coalition can remain in place once the man himself is out of power.

Reason · Nov 1, 2022

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Bank of England begins selling government bonds

Central bank in bid to reduce its emergency stimulus to the economy and fend off claims it has lost its independence

The Guardian - UK · Nov 1, 2022

Boris Johnson to be keynote speaker at blockchain conference in Singapore

Former PM will address meeting to discuss global ‘migration to the digital economy’

The Guardian - UK · Nov 1, 2022

Bull vs. Bear Debate Reignited!

Why have stocks jumped from the October lows and more investors have become bullish? But why have many bears refused to throw in the towel? What is it that they see points to lower lows for the S&P 500 (SPY) in the months ahead? Let’s review the updated bull vs.…

StockNews.com · Nov 1, 2022

$Antrim and Newtownabbey 'betrayed' by MP Paul Girvan's fracking vote says councillor$

Antrim and Newtownabbey 'betrayed' by MP Paul Girvan's fracking vote says councillor

The council has now voted against oil and gas exploration, extraction or fracking

Belfast Live · Nov 1, 2022

1 Stock You'll Regret Not Buying in 2022 and 1 You Will

With the Federal Reserve seemingly on track to announce another 75-basis-point interest rate hike in its meeting this week, stability in the economy and markets seems to be unlikely. However, Waste Management (WM) looks well-positioned to survive the market volatility well because of the non-cyclical nature of its business. On…

StockNews.com · Nov 1, 2022

How The 60/40 Portfolio Stacks Up With The S&P 500

A portfolio consisting of 60% stocks and 40% bonds had a golden age from the 1980s — until recently.The combination offers investors risk-adjusted returns that are frequently on par with, or greater to, those of the benchmark SP 500 Index.The 60/40 portfolio faced significant challenges this year due to ongoing…

Benzinga · Nov 1, 2022

Ukraine war: Putin's bid to weaponise refugees is failing – here's what that means for Europe

Since the Russian invasion in February, about 8 million Ukrainians have fled the country. After eight months of fighting – and with no end to the war in sight – the prospect that many refugees may never return will exacerbate an ongoing population decline in Ukraine. The mass exodus will…

The Conversation · Nov 1, 2022

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StockNews.com · Nov 1, 2022

2 Stocks You May Want to Consider Selling Before 2023

As the Fed battles sky-high inflation with aggressive rate hikes, the market is fuming with recessionary concerns. Moreover, consumer confidence has been declining amid the slowdown in the global economy. Thus, it could be wise to steer clear of fundamentally weak stocks Marvell Technology (MRVL) and ContextLogic (WISH). Read more.

StockNews.com · Nov 1, 2022

Bear Market Rally…or Oversold Bounce?

The S&P 500 (SPY) is up more than 10% over the last 2 weeks, and it’s confirmation that this is more of a ‘bear market rally’ rather than an oversold bounce. That being said, this rally will likely roll over to new lows as the financial and economic conditions continue…

Tribune News Service · Nov 1, 2022

Karl W. Smith: The Fed has a secret weapon in households

It’s generally accepted among economists and investors that the Federal Reserve has an impossible task of getting inflation under control without damage widespread and lasting damage to the economy. It’s time for a reality check. In fact, it’s looking more and more like the central bank may have a far…

The Conversation · Nov 1, 2022

Men don't trust female central bankers on inflation or the economy, survey data shows

The Research Brief is a short take about interesting academic work.

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Asharq Al-Awsat · Nov 1, 2022

Dbeibah Reopens Land Border Crossing Between Libya, Sudan

Head of Libya's Government of National Unity (GNU) Abdulhamid al-Dbeibah announced on Monday reopening the land border crossing with Sudan. He pledged to provide infrastructure to improve the economy between the two countries. The announcement came during the opening session of the Libyan-Sudanese Economic Forum, which kicked off its activities…

Asharq Al-Awsat · Nov 1, 2022

World Bank: Saudi Green Initiatives Will Grow Region’s Economy to $13 Trillion by 2050

The World Bank confirmed that Saudi green initiatives will grow the region's economy to $13 trillion by 2050.

Asharq Al-Awsat · Nov 1, 2022

China iPhone Factory under Lockdown Boosts Bonuses for Workers Who Stay

The world's largest iPhone factory in central China told staff Tuesday it would quadruple their bonuses if they remained at the plant after scores of workers fled a Covid outbreak at the facility. China is the last major economy committed to a zero-Covid strategy, persisting with snap lockdowns, mass testing…

Tribune News Service · Nov 1, 2022

Commentary: It’s not just the economy, stupid

The midterms are coming, and with it predictions that the nation’s economic woes will cost Democrats control of Congress. As one pundit on Fox News recently declared, political consultant James Carville’s 1992 adage, “It’s the economy, stupid,” still applies. Polling data seems to support this point of view.

Caixin Global · Nov 1, 2022

Heng Swee Keat: Reinvigorating Singapore-China Ties Through New Areas of Collaboration

Singapore looks forward to partnering with China to strengthen recovery from the pandemic, reinvigorate bilateral cooperation, and overcome common challenges, writes the country’s deputy prime minister

The Independent UK · Nov 1, 2022

Australian cash rate rises for 7th straight month to 2.85%

Australia’s central bank has boosted its benchmark interest rate for a seventh consecutive month to a nine-year high of 2.85%

Al Jazeera · Nov 1, 2022

Deep in recession, Hong Kong eyes comeback with rugby, bank meet

The financial centre is hoping to convince the world it is back in business after nearly three years of pandemic curbs.

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