The Latest Breaking News from Economy

Malaysia: OPEC+ Decision to Cut Output Made to Address Market Uncertainties

Malaysia has said a decision by OPEC+ member states to cut oil production was unanimous, and made after taking into account the need to address market uncertainties. Malaysia joins other OPEC+ countries this week in backing a steep cut to the group's output target. "OPEC+ countries collectively took into consideration…

Asharq Al-Awsat · Oct 19, 2022

Visitors shell out £1.7 million boost at Scottish oyster festival

THE return of a festival celebrating local native oysters boosted a Scottish town’s economy by

The National (Scotland) · Oct 19, 2022

What do US curbs on selling microchips to China mean for the global economy?

Washington’s ban on hi-tech exports to China marks a huge gambit for economic supremacy for the next decades

The Guardian - UK · Oct 19, 2022

Biden, in speech, aims to keep abortion top of mind for voters as midterms near

WASHINGTON — With renewed concerns about the economy seeming to boost Republicans’ chances in next month’s midterm elections, President Joe Biden spoke pointedly about abortion Tuesday in an effort to remind voters what’s at stake for women and families.

Los Angeles Times · Oct 18, 2022

The neoliberal Spartans led us all into this chaos

Letters: Jerry Palmer on the threads that run from Brexit to today’s turmoil in the UK’s economy and politics. Plus letters from Fawzi Ibrahim and Stephen Coleman

The Guardian - UK · Oct 18, 2022

Gavin Newsom Cites Dubious Evidence That His Lockdowns Saved California's Economy

The governor made these claims on Monday while also putting a February 2023 end date on the state's emergency public health order.

Reason · Oct 18, 2022

How Tatas are rebuilding the Maharaja’s empire brick by brick

NEW DELHI: From finding components for seats that are no longer being manufactured to making “Christmas Tree” Air India aircraft long cannibalised for spares fly again, the Tata Group has embarked on unarguably the most challenging aviation turnaround of contemporary times.

The Times of India · Oct 18, 2022

The Leader podcast: Liz Truss ‘sorry’ but what about our bills?

PM apologises for economy ‘mistakes’

Evening Standard · Oct 18, 2022

Kwarteng urged to turn down £16,000 golden handshake after ‘trashing economy’

KWASI Kwarteng should turn down a potential £16,000 golden handshake after serving only 38 days in office and “trashing the economy”,…

The National (Scotland) · Oct 18, 2022

A healthy workforce means a healthy economy. Britain can’t afford to be so ill

For all Liz Truss’s talk about growth, there is little attempt to deal with the rising numbers of people with long-term sickness, says Prof Devi Sridhar

The Guardian - UK · Oct 18, 2022