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The Latest Breaking News from Economy

Truss and Sunak still haven’t grasped the magnitude of Britain’s cost of living crisis

Neither has an adequate plan – but a joint announcement of a generous package of help would boost confidence

The Guardian - UK

Sebi proposes blue bonds concept for sustainable financing activities

NEW DELHI: Markets regulator Sebi has proposed the concept of blue bonds as a mode of sustainable finance, saying such securities can be utilised for various blue economy-related activities, including oceanic resource mining and sustainable fishing.

The Times of India

Explainer: What India’s external debt position tells about its economy

NEW DELHI: A depreciating rupee and contracting foreign exchange reserves raised concerns about India's external debt position.

The Times of India

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Liz Truss: Who is the foreign secretary hoping to become prime minister?

Social media savvy ‘human hand grenade’ seen as continuity candidate and currently ahead of Rishi Sunak thanks to questionable tax promises and neo-Thatcherite branding

The Independent UK

Apple, Twitter And 2 Other Big Stocks Insiders Are Selling

The Dow Jones closed higher on Friday after the country’s economy added 528,000 jobs in July. Investors, meanwhile, focused on some notable insider trades.

Benzinga

Egypt, World Bank Discuss Activating Food Security Agreement

Cairo is discussing with the World Bank a $500 million development funding deal, which is meant to boost Egypt’s efforts to help achieve food security and to strengthen the Egyptian economy to confront the repercussions of the Russia-Ukraine war. Minister of International Cooperation Rania Al-Mashat and Minister of Supply Ali…

Asharq Al-Awsat

New chief entrepreneur complains government isn't focusing 'enough on the economy'

In an interview, Mark Logan also revealed plans for a new public/private fund to back Scottish start-ups

Insider UK

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Oxford Economics Predicts Saudi Economy to Cross $1 Trln Mark in 2022

Oxford Economics has predicted that the Saudi economy will cross the trillion-dollar mark for the first time this year. The leader in global economic forecasting and econometric analysis pointed out that the growth rate of Saudi Arabia's national product will reach 7.5 % during 2022. The International Monetary Fund has…

Asharq Al-Awsat

Monday briefing: How to understand the huge numbers that rule our economy

In today’s newsletter: From GDP and government spending to inflation, it can be hard to get around the big figures you see in the headlines and what they really mean. So here’s a guide

The Guardian - UK

It’s the culture war games – and the last Tory contenders are on the run from reality

Johnson is on his way out but the ‘war on woke’ is here to stay: it’s all they have to talk about as the economy crumbles, says Guardian columnist Nesrine Malik

The Guardian - UK

Economists deeply divided over Reserve Bank's likely interest rate trajectory

The major banks are deeply divided about the outlook for interest rates, and the difference is worth about $284 a month to a typical recent home buyer. So who will be right?

ABC News

Commentary: The fatal flaw in your retirement plan’s target date funds

There was a major development in 2006 that transformed how Americans invest for retirement. It solved one problem, but created another that will be causing extra pain to people who retire in this economy.

Tribune News Service

NatWest survey shows East Midlands economy contracting

However job numbers up and rate of cost inflation said to have eased to ten-month low

Birmingham Post

Argentina's economy chief names new energy secretary

Argentina's economy chief Sergio Massa appointed on Sunday a new head of the energy secretariat, which in recent years has doled out multi-million dollar subsidies that have led to a widening budget deficit.

Reuters

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Bangkok Post

Green recovery

As the world emerges from Covid-19 and faces stagflation and war, climate crisis remains one of the greatest threats to humanity. A green recovery has become a priority for policymakers in Southeast Asia and around the world, who aim to create a more sustainable path that focuses on the environment,…

Newsroom.co.nz

What does the future of New Zealand’s circular economy look like?

A circular future requires bold government leadership, a shift in mindset about our relationship with the natural world, and collaboration on a scale never seen before, writes Alina Siegf

The Guardian - UK

Fading global cooperation will make this crisis worse than the recession of 2008

The global financial crisis brought large economies together but the current crisis comes at a time of deep division

Daily Record

Rishi Sunak takes aim at Liz Truss over her 'starry-eyed boosterism' as pair clash on economy

The two candidates vying to replace Boris Johnson as prime minister continued to clash over their plans for the economy after the Bank of England warned this week that the UK would fall into the longest recession since the financial crisis.

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The Guardian - US

Want to know if US is in a recession? You’re asking the wrong question

America is simply too big for generalizations. The right question is whether your industry is in recession

Evening Standard

Rishi Sunak slams Truss’s ‘starry-eyed boosterism’ as clashes over economy continue

Ms Truss vowed to use a September emergency budget to “immediately” cut taxes

Tribune News Service

The four men vying to win Kenya’s presidential election

The biggest challenge for the four men competing to succeed Kenya’s President Uhuru Kenyatta is to ease the cost of living crisis engulfing East Africa’s biggest economy.

The Independent UK

Sunak slams Truss’s ‘starry-eyed boosterism’ as clashes over economy continue

Ms Truss vowed to use a September emergency budget to “immediately” cut taxes.

The Guardian - AU

Pay to get paid: NDIS workers raise concerns about gig economy platforms

Tech solutions allow workers to find clients directly, but when it comes to guaranteeing employee benefits not all are equal

Newsroom.co.nz

Reserve Bank's bitter medicine harms the patient it's trying to save

Facing a cost of living crisis, the Government can open a modern economic toolkit and move from Wellbeing Budgets to a Wellbeing Economy.

Belfast Live

Cost of living: Fears over potential fuel poverty deaths unless Stormont ministers take action

People gathered at a cost of living protest in Belfast on Saturday afternoon

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