The Latest Breaking News from Economy

Welsh firms face challenging future as forecasters predict a recession for the UK

New research on Wales’ economy shows climate for small firms in Wales “remains difficult”

Birmingham Post · Sep 5, 2022

UK economy on brink of recession as Truss takes over, figures show

Activity in manufacturing and services fell last month as businesses struggle with soaring costs

The Guardian - UK · Sep 5, 2022

Andhra Pradesh to get investments worth Rs 1.26 lakh crore, green energy to attract Rs 81k crore

AMARAVATI: In a move that could pump required energies to the state’s economy, the State Investment Promotion Board (SIPB) on Monday cleared proposals with investment to the tune of Rs 1,26,622 crore. State is getting Rs 81,000 crore investments in green energy sector alone.

The Times of India · Sep 5, 2022

Liz Truss faces a financial whirlwind – will her plans for the economy work?

Liz Truss may have won the battle to become Britain’s next prime minister, but don’t expect much time for her to settle into office. People’s living standards are predicted to fall by an unprecedented 10% over the next two years, driven by rising prices of energy and other goods.

The Conversation · Sep 5, 2022

Euro Plunges to 20-Year Low after Russian Gas Halt

The euro sank to a new 20-year low on Monday and below $0.99 after Russia's halt to gas supplies down its main pipeline to Europe heightened fears about a deepening energy crisis across the region. The euro has been increasingly correlated with natural gas prices in recent months, with the…

Asharq Al-Awsat · Sep 5, 2022

Wastewater could fuel Hunter's hydrogen economy

Millions of litres of wastewater could be used as fuel for green hydrogen production rather than being dumped at sea as part of a plan to transform the Hunter' long-term energy base.

Newcastle Herald · Sep 5, 2022

Tackling inequality key to climate fight - study

Tackling inequality is key to securing the public support needed to overhaul the global economy and reverse climate change, an update to the landmark 50-year-old computer simulation of environmental stress has found.

Reuters · Sep 5, 2022

China policymakers see renewed urgency for economic support

Chinese policymakers signalled a renewed sense of urgency on Monday for steps to shore up the flagging economy, saying this quarter was a critical time for policy action as evidence points to a further loss of economic momentum.

Reuters · Sep 5, 2022

In charts: India likely to overtake Japan as third-largest economy by 2029

NEW DELHI: With India surpassing the United Kingdom (UK) to become the world's fifth largest economy, a report by the State Bank of India (SBI) suggests that the country will outstrip two other major economies to become the third-largest economy by 2029.

The Times of India · Sep 5, 2022

Some Economists Rethink When, if Ever, China Will Pass U.S. in GDP

The sharp slowdown in China's growth in the past year is prompting many experts to reconsider when China will surpass the U.S. as the world's largest economy -- or even if it ever will.

Bangkok Post · Sep 4, 2022