The Latest Breaking News from Economy

'A Necessity': Lebanon's Forced Conversion to Solar

Thanks to solar energy, residents of the northern Lebanese village of Toula are finally able to enjoy ice cream again -- a treat in a sun-baked country plagued by power cuts. Lebanon's economy collapsed in 2019 after decades of corruption and mismanagement, leaving the state unable to provide electricity for…

Asharq Al-Awsat · Sep 11, 2022

Must make India global innovation hub in next 25 years: PM

NEW DELHI: Prime Minister Narendra Modi on Saturday said science should be at the centre of policy-making and stressed that the Centre and states have to “cooperate and collaborate” with the scientific community to frame modern policies that meet local needs such as affordable housing, promote climate-resilient agriculture and boost…

The Times of India · Sep 10, 2022

Lebanese Caution after Hochstein Lauds ‘Very Good Progress’ in Maritime Border Talks

The US mediator arbitrating negotiations of the maritime border between Lebanon and Israel, Amos Hochstein, reported “very good progress” towards arranging for a deal that benefits the Lebanese economy. Hochstein’s optimism followed his meetings with several Lebanese officials in Beirut. Many in Lebanon remain “cautious” as the results of talks…

Asharq Al-Awsat · Sep 10, 2022

India stays out of Indo-Pacific trade pillar

LOS ANGELES: India has chosen to opt out from joining the trade pillar of Indo-Pacific Economic Framework’s (IPEF) for its legitimate concerns regarding the possibility of binding conditionalities linking the same to issues like environment and labour. Union commerce minister Piyush Goyal listed the reasons for opting this decision —…

The Times of India · Sep 9, 2022

Inflation shows no sign of slowing down in America and interest rate hikes will likely continue, warns top US economist

Loretta Mester is one of the 12 people who determine the official interest rate in the United States, and she has a grim warning for American households already struggling to pay their bills.

ABC News · Sep 9, 2022

2 Defensive Stocks to Hold Through Any Recession

Aggressive interest rate hikes by the Fed to bring the multi-decade high inflation under control and a slowing economy are raising the possibilities of a recession. Amid such a volatile market scenario, we think investors should hold fundamentally sound defensive stocks Coca-Cola (KO) and PepsiCo (PEP) to sail through any…

StockNews.com · Sep 9, 2022

Be more positive of our achievements: Nirmala Sitharaman

Union Finance Minister all praise for ‘inspirational work’ of BusinessLine Changemaker award winners

The Hindu · Sep 9, 2022

The White House's new push to define Bidenomics

The White House is talking about the Biden economic record as something to embrace, a shift heading into the midterms.

Axios · Sep 9, 2022

Barbarian Is Nightmare Fuel for the Sharing Economy

The ultimate Airbnb horror story.

Reason · Sep 9, 2022

How to Make Sense of Today’s Confusing Stock Markets

The market continues to confound and confuse both bulls and bears alike...The hope that a new bull market began in mid-June has been extinguished by the S&P 500 (SPY) declining from 4,300 to 3,900. While the bears continue to be stymied by an economy that continues to be more resilient…

StockNews.com · Sep 9, 2022