The Latest Breaking News from Economy

International Discord Undercuts Global Growth, Worsens Inflation

The global economy is once again under strain, but this time without the international cooperation that helped resolve previous post-Cold War crises. Instead, many of the world's biggest powers are now intent on undermining one another, with unsettling economic implications.

Bangkok Post · Oct 30, 2022

Inflation, economy are top of mind for voters in midterm poll

Inflation and the economy are top-of-mind for voters heading into the midterm elections, with a majority of registered Republicans prioritizing economic issues, according to an ABC News/Ipsos poll.

Tribune News Service · Oct 30, 2022

How Democrats can start winning

Anand Giridharadas' new book tackles tough questions: How to challenge dominant narratives — and win elections

Salon · Oct 30, 2022

PIF Focuses on Achieving ‘Impact’ for Saudi Economy Development

The Saudi Public Investment Fund’s (PIF) strategy focuses on achieving economic impact through operable sectors, said Abdullah Alsalem, PIF’s head of strategy and planning.

Asharq Al-Awsat · Oct 30, 2022

Voters choose Sunak’s Tories over Labour to repair economy, new poll reveals

Rishi Sunak’s arrival in Downing Street is already helping to rebuild the party’s reputation for financial management

The Guardian - UK · Oct 29, 2022

Starmer: UK does not need a comedian as prime minister

The Labour leader said it was ‘not a laugh to crash the economy’ in an interview with Mumsnet.

The Independent UK · Oct 29, 2022

Boeing CEO to Asharq Al-Awsat: Aviation Industry Is Recovering, FII Came at an Important Time

President of Boeing International Sir Michael Arthur said that the aviation industry was recovering and in good condition, stressing its vitality for the global economy. Commenting on the Riyadh-hosted Future Investment Initiative (FII) forum, Arthur told Asharq Al-Awsatthat he was very impressed with the scope of the conference, which he…

Asharq Al-Awsat · Oct 29, 2022

How Biden changed his tune on inflation as prices soared and the midterms loomed

At first, the White House said inflation would be a temporary issue. But it quickly became the top economic priority — and major source of midterm political pain — for President Biden.

WEKU · Oct 29, 2022

Pheu Thai opposes foreign land ownership

The Pheu Thai Party says it opposes a new government plan to allow eligible foreigners to own as much as one rai (roughly 0.4 acre) of land for residential purposes, saying it would not truly benefit the country’s economy and people.

Bangkok Post · Oct 29, 2022

Heat Waves Cost Poor Countries the Most, Exacerbating Inequality

Heat waves, intensified by climate change, have cost the global economy trillions of dollars in the last 30 years, a study published Friday found, with poor countries paying the steepest price. And those lopsided economic effects contribute to widening inequalities around the world, according to the research. "The cost of…

Asharq Al-Awsat · Oct 29, 2022