The Latest Breaking News from Economy

Exclusive-Climate change, conflict decimate Syria's grain crop - UN FAO

Climate change, a faltering economy and residual security issues have decimated Syria's 2022 grain crop, leaving the majority of its farmers in a precarious position, the United Nations Food and Agriculture Organization (FAO) said.

Reuters · Sep 20, 2022

Morocco’s Budget Deficit Reaches $3bn in August

Morocco’s Ministry of Economy and Finance said Monday that the situation of the Moroccan Treasury's expenses and resources indicated a budget deficit of 30.4 billion dirhams ($3 billion) by August 31, against 43.3 billion dirhams ($4.3 billion) a year earlier. Also, tax revenues showed a good overall performance, with an…

Asharq Al-Awsat · Sep 20, 2022

Why is Iran turning to a new ‘digital rial’?

The digital currency may improve Iran’s digital economy, but some have privacy concerns.

Al Jazeera · Sep 20, 2022

Huawei launches global cloud initiative

Global tech powerhouse Huawei Technologies is sharpening its focus on strengthening its partnership ecosystem for growth by launching a "Go Cloud, Go Global" plan to work with partners across industries to capitalise on its cloud power to push for digital solutions and capacity building.

Bangkok Post · Sep 19, 2022

Central banking must go green

Just as there is no question that climate change brings enormous economic and financial risks, there should be no question that central banks can and must play a role in addressing this mother of all market failures. As central banks in the United States and Europe tighten credit to regain…

Bangkok Post · Sep 19, 2022

Banks and miners drive ASX higher, Wall Street recovers despite worries about US economic 'hard landing'

Australian shares post solid gains after Wall Street recovers from its two-day losing streak as investors wait to see how aggressively the US Federal Reserve will lift interest rates this week.

ABC News · Sep 19, 2022

Recession fears shake Germany as energy costs hit business

Olaf Scholz travels to UAE to secure gas supplies amid concern that crisis is out of control

The Guardian - UK · Sep 19, 2022

How much 'pain'? Fed to signal more rate hikes ahead

Federal Reserve Chair Jerome Powell bluntly warned in a speech last month that the Fed’s drive to curb inflation by aggressively raising interest rates would “bring some pain.”

The Independent UK · Sep 19, 2022

Fears shortage of taxis will drive out West Lothian pubs and clubs

The area's night-time economy is struggling to get back on its feet after the pandemic

Daily Record · Sep 19, 2022

The lesser-known car button that can instantly reduce fuel consumption by 12 per cent

Many drivers are unaware of this button in many vehicles that can instantly reduce fuel consumption by as much as 12 per cent - boosting fuel economy across the board.

Glasgow Live · Sep 19, 2022