The Latest Breaking News from Economy

What our shopping choices say about the U.S. economy

Here's what we learned from a hectic spate of financial report cards shared by top U.S. retailers.

WEKU · Aug 25, 2022

King Salman Orders Investments Worth $1Bln in Pakistan

Custodian of the Two Holy Mosques King Salman bin Abdulaziz ordered investments worth USD1 billion in Pakistan in reflection of the Kingdom’s support to Pakistan’s economy and people. The announcement was made during a telephone call received by Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah from his Pakistani…

Asharq Al-Awsat · Aug 25, 2022

2 Safe Stocks to Load up on Right Now

The stock market has remained under tremendous pressure since the beginning of 2022 due to ongoing macroeconomic issues. The Fed’s monetary policy tightening and a slowing economy are raising recession fears among investors. Amid such a volatile environment, investors should consider adding safe stocks KT Corporation (KT) and Bridgestone (BRDCY)…

StockNews.com · Aug 25, 2022

Biden’s student-loan relief adds new wrinkle to inflation debate

President Joe Biden’s plan to forgive a portion of student loans held by tens of millions of people will ripple through the economy as personal spending and savings shift, but no factor will be more closely watched than inflation.

Tribune News Service · Aug 25, 2022

Fewer Americans claim jobless benefits last week

Fewer Americans filed for unemployment benefits last week as the labor market continues to stand out as one of the strongest segments of the U.S. economy

The Independent UK · Aug 25, 2022

Government revision shows economy shrank 0.6% last quarter

The U.S. economy shrank at a 0.6% annual rate from April through June, the government said in a slight upgrade from its initial estimate

The Independent UK · Aug 25, 2022

South Sudanese return to Sudan seeking relief, but find more hardship

Living in flimsy shelters made of wood and plastic tarp or half-finished concrete buildings, South Sudanese who have returned to Sudan are finding life tougher as their former country's economy tumbles.

Reuters · Aug 25, 2022

Asia Cup 2022, India vs Pakistan: How the T20I numbers stack up

NEW DELHI: One of the most celebrated rivalries in the cricketing world is the clash between arch-rivals India and Pakistan. However India vs Pakistan cricket clashes are a rare commodity now with no bilateral contest for almost a decade. The two teams play each other exclusively in the International Cricket…

The Times of India · Aug 25, 2022

Lebanon: Aoun, Mikati Hold Unfruitful Meeting amid Disagreement over Govt Lineup

A meeting on Wednesday between President Michel Aoun and Prime Minister-designate Najib Mikati failed to advance the talks over the formation of a new government. Well-informed sources told Asharq Al-Awsat that the two officials disagreed over the government lineup and the number of ministers. The sources noted that Mikati preferred…

Asharq Al-Awsat · Aug 25, 2022

Huawei founder sparks alarm in China with warning of ‘painful’ next decade

Ren Zhengfei writes in leaked memo that ‘chill will be felt by everyone’ and company must focus on survival

The Guardian - AU · Aug 25, 2022