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The Latest Breaking News from Economy

EU rolls out $1.3 billion to help Nigeria diversify its economy

The European Union (EU) and its development finance institutions will provide Nigeria with 1.29 billion euros ($1.3 billion) to help Africa's most populous country diversify its economy away from oil, a document from the bloc showed on Monday.

Reuters

Ards North Down rep's say Dublin coastal funding 'collaboration' with all Ireland economy

Councillor Tom Smith says the Dublin fund "is how they reel you in, slowly but surely"

Belfast Live

Saudi Crown Prince Calls for Catering to Neediest Citizens amid Rising Costs

Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Chairman of the Council of Economic and Development Affairs, chaired on Monday a meeting of the council's meeting at the Al-Salam Palace in Jeddah, reported the Saudi Press Agency. The council reviewed a number of economic and development issues, including…

Asharq Al-Awsat

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John McDonnell calls for strict price controls on fuel and food basics

Former shadow chancellor says a radical response needed to the worst cost of living crisis in a generation

The Guardian - UK

Pick Up This Sturdy Consumer Staple Stock in Times of Trouble

Given the growing concerns over the Fed’s hawkish stance to tame the rising inflation and the possibility of the economy tipping into a recession, it could be wise to invest in fundamentally solid consumer staple stock General Mills (GIS). Consumer staples stocks are seen as recession-proof due to the non-cyclical…

StockNews.com

Jeremy Hunt doesn’t rule out standing in a future Conservative leadership race

‘I think we have to see what the circumstances are,’ former cabinet minister says

The Independent UK

‘Economy not partygate’ will decide next election, says Jeremy Hunt

The former foreign secretary, a persistent backbench critic of Boris Johnson, also did not rule out standing in any future leadership contest.

The Independent UK

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German leader gathers employers, unions to tackle inflation

German Chancellor Olaf Scholz has gathered top employer and labor union representatives at his Berlin office to seek ways of addressing the impact of rising prices while preventing a spiral of inflation in Europe’s biggest economy

The Independent UK

Pakistan: how an economic crisis has sent prices rocketing

Pakistan’s current economic struggles exemplify the little fires everywhere set alight across the global economy by a war during a pandemic. Like others in countries dependent on imported commodities — for example Ghana and Sri Lanka — Pakistanis are seeing food and fuel prices soar. Foreign exchange reserves – used…

The Conversation

How news affects people's expectations and drives economic change

News of a big pay rise might see you booking the nearest fancy restaurant for a slap-up meal to celebrate, or encourage you to go on a shopping spree even before your raise hits your bank account.

The Conversation

Editorial: Why the Original Intent of China’s Anti-Monopoly Law Is So Important

Fair competition is the soul of the market economy and the core of antitrust policies

Caixin Global

UAE Approves 22 Policies to Expedite Transition to Circular Economy

The United Arab Emirates approved on Sunday 22 policies aimed at expediting the country’s transition to a circular economy. The Circular Economy Council approved the policies proposed by its subsidiary, the Circular Economy Policies Committee, that focus on accelerating the implementation of the circular economy model in four main sectors…

Asharq Al-Awsat

Let’s Do London! New tourism campaign encourages UK tourists to capital

Buckingham Palace, Borough market and The Beatles are being used in a £2m promotional campaign aiming to encourage tourists from the rest of the country to visit London.

Evening Standard

Can we avoid a recession? What we can learn from the Kiwis

New Zealand property prices have fallen every month this year following a series of punishing interest rate hikes that began last October. So far, the hikes have yet to dent inflation.

ABC News

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Asharq Al-Awsat

Minaikher to Asharq Al-Awsat: Our Only Choice Is Supporting Political Solution in Yemen

Gulf Cooperation Council Ambassador to Yemen Sarhan al-Minaikher has been a witness to key developments in the war-torn country for years. In 2013, the young Saudi worked closely on the national dialogue. He witnessed the developments that followed and that impeded the political process in the country and resulted in…

ABC News

WA Police Union claims mental health, not strong employment market, behind officer exodus

The West Australian government rejects claims by the Police Union that dissatisfaction is behind hundreds of officers leaving the force, instead saying it is a sign of the booming economy.

The Independent UK

Argentina has new economy minister after abrupt resignation

Argentina has a new economy minister just a day after the abrupt resignation of her predecessor shook the governing coalition at a time it was already having a crisis of unity

Bangkok Post

Proposed culture avenue part of soft power push

The Ratchadamnoen Knowledge & Culture Avenue, expected to promote the creative economy and soft power, is scheduled for cabinet approval soon.

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Bangkok Post

Economic worries trump Covid

The highly transmissible BA.4 and BA.5 sub-variants of Omicron are keeping people alert to a possible outbreak, but Covid-19 may not be the most serious concern as the economy ambles forward.

Dublin Live

Recession Ireland: Majority of public believe we are heading for recession - poll

Almost four out of five people think the economy is heading for a slump

The Independent UK

Parents dipping into children’s savings to pay soaring bills, poll finds

Britons are lifting around £8.5m a day from their children as costs continue to soar, survey found

Reuters

Argentina president names new economy chief after shock Guzman exit

Argentine President Alberto Fernandez named economist and government official Silvina Batakis as the new economy minister late on Sunday after the abrupt resignation of long-standing minister Martin Guzman amid crises and tensions.

The Independent UK

Steel tariffs plan one of Boris Johnson’s ‘worst decisions’, says ex-trade minister Liam Fox

PM has put economy ‘at risk’ of tit-for-tat measures, says Brexiteer MP

The Conversation

Canada needs to build more affordable housing for newcomers

The relationship between newcomers and the Canadian economy involves three key pillars: job availability, a sufficient population of working age and affordable housing. All three pillars must be supported by the government — if one is missing, the entire system collapses.

The Times of India

Prayagraj: No. of registries jump manifold two years after Covid pandemic

Prayagraj: After two years of slowdown owing to the pandemic and phases of lockdown, the economy has started showing signs of recovery, the growing number of registries has indicated.

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