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The Latest Breaking News from Economy

Japan's Shinzo Abe sought to revive economy, fulfil conservative agenda

Shinzo Abe, Japan's longest-serving prime minister, launched his "Abenomics" policies to lift the economy out of deflation, beefed up Japan's military and sought to counter China's growing clout in a historic two-term tenure.

Reuters

Could This Fed Policy Error Lead to Further Lows in the Stock Market?

"Generals always fight the last war." This quote is often attributed to Winston Churchill, and it certainly rings true with the Federal Reserve. By no means am I a Fed hater, I see it as the least bad option when it comes to managing the supply and striking the right…

StockNews.com

There's no cure for sickle cell disease, but spotting it early can improve treatment

Most of the global cases of sickle cell disease are diagnosed in African countries. The Economist Intelligence Unit – the research and analysis division of the Economist media group – estimated that in 2020 the total annual cost of treatment and impact on the economy of sickle cell disease across…

The Conversation

From analysis to the latest developments in health,
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Argentine commitment to IMF deal a condition for Paris Club talks - source

Argentina's new economy minister must give her commitment to an IMF programme in order for the Paris Club of creditor nations to open talks on the South American country's debt, a Paris Club source said on Thursday.

Reuters

Business leaders plead for stability after the chaos that led to Boris Johnson’s resignation

Sterling’s “relief rally” is likely to be only temporary, analysts warn

Evening Standard

Stuart Rose says business needs quick successor to ‘lame duck’ PM Johnson

Veteran retailer among business leaders and Tory donors calling for a new prime minister to boost UK’s ailing economy

The Guardian - UK

Why Ghana has returned to the IMF

Hundreds took to the streets of Ghana's capital Accra last week to protest over its deteriorating economy. Days later, the government of one of West Africa's most prosperous nations announced it would begin formal talks with the International Monetary Fund (IMF) for support.

Reuters

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Economy heads for the rocks with no firm hand on the tiller

Britain slides towards the cliff-edge of what is likely to be a nasty winter recession

Evening Standard

Inflation, recession fears and tax cuts: any new UK chancellor faces an unenviable in-tray

The flood of ministerial resignations from UK prime minister Boris Johnson’s government in recent days started with Rishi Sunak’s resignation as UK chancellor of the exchequer on July 5 2022, alongside health secretary Sajid Javid’s. His resignation letter cited differences of opinion over the economy, saying that a “low-tax, high-growth…

The Conversation

Start-up award winners show the potential of the UK economy

The Wales StartUp Awards form part of the UK-wide National StartUp Awards series.

Birmingham Post

Millions tested in Shanghai as China grapples COVID resurgence

Millions of people in Shanghai queued for a third day of mass COVID-19 testing on Thursday as authorities in several Chinese cities scrambled to stamp out new outbreaks that have rekindled worries about growth in the world's second-largest economy.

Reuters

The US Industrial Complex Is Starting to Buckle From High Power Costs

Surging bills are forcing companies to scale back industrial operations, threatening a greater drag on the economy.

Businessweek

Egypt’s Private Sector Records Worst Performance in 2 Years

Egypt’s non-oil private sector economy had its worst performance in two years as demand slumped after a sharp spike in prices and the pound’s devaluation while businesses struggled to secure the necessary supplies of raw materials. S&P Global Egypt Purchasing Managers’ Index (PMI) dropped to 45.2 in June from 47.0…

Asharq Al-Awsat

"Jobs day" is the new "CPI day"

The jobs numbers once again are front burner.

Axios

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The Guardian - UK

‘The family took over’: how a feuding ruling dynasty drove Sri Lanka to ruin

The inside story of Rajapaksa family infighting that toppled a country into violence and bankruptcy

Tribune News Service

Japan PM bets on world-defying inflation policy to win election

As politicians around the globe rush to tamp down inflation, Japan Prime Minister Fumio Kishida is betting instead that older voters in particular will look past surging prices in a crucial election on Sunday.

Insider UK

Scottish Government names Mark Logan chief entrepreneur

Two-year port is a key part of the recently-announced national economic transformation strategy

StockNews.com

3 High-Quality Cyclical Stocks to Buy for the Long-Term

Inflation is one of the biggest threats facing the economy. One profitable strategy during this period of high inflation is to focus on stocks that have pricing power, as these companies’ margins will continue to expand. In contrast, stocks without pricing power are likely to underperform as margin compression erodes…

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Bangkok Post

Amazon, Microsoft, Google Strengthen Grip on Cloud

The pandemic period has been a boon for the trio of companies that dominate cloud computing. Now as the economy enters another tumultuous phase, Amazon.com Inc., Microsoft Corp. and Google appear poised to extend their strength.

Bangkok Post

Rescuing Thailand from the middle-income trap

Eleven years ago this month, Thailand made a laudable achievement by moving from the category of a lower middle-income country to an upper-middle-income country.

Los Angeles Times

Are widespread layoffs coming? How the pandemic has changed employers' recession strategy

WASHINGTON — With the economy slowing, the post-pandemic surge is over for Wisconsin restaurant owner Patrick DePula and his four pizza and pasta places.

Reuters

Croatia's PM proposes new candidate after finance minister resigns

Croatia's Prime Minister Andrej Plenkovic said on Wednesday that he proposed economy professor Marko Primorac as the new finance minister after Zdravko Maric filed his resignation in an unexpected move.

The Independent UK

US job openings slip, though remain at healthy level

U.S. employers advertised fewer jobs in May as the economy has shown signs of weakening, though the overall demand for workers remained strong

Benzinga

Meta Remains Adamant On NFT Push In Contrast With Google, Apple To Secure Its Metaverse Ambitions

Meta Platforms, Inc (NASDAQ:META) pushed ahead with plans to launch access to digital collectibles to its 3 billion users amid the crypto meltdown, the Financial Times reports. Meta would in no way adjust its plans around so-called non-fungible tokens, said new fintech head Stephane Kasriel in an interview with FT. The efforts are…

The Guardian - UK

Nadhim Zahawi: is new chancellor going to change direction on economy?

Analysis: Rishi Sunak’s successor treading tightrope between spending to keep PM in power and dealing with economic crisis

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