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The Latest Breaking News from Economy

So things are getting better – but it’s no thanks to the Bank of England

Governor Andrew Bailey has had to accept that the economy is resilient, but he’ll still find reasons to keep interest rates high

The Guardian - UK

Small businesses in Lebanon struggle to stay afloat amid lira’s endless fall

Lebanon's ongoing economic crisis has left countless individuals and businesses to adapt to the harsh realities of the collapsing economy. FRANCE 24 met with Pierre, an officer in one of the state's security agencies, and Houssam, the owner of a trendy café in Beirut, who explain the challenges to sustaining…

France 24

Official: Foundation of China's Economic Recovery not Solid Enough

The foundation of China's economic recovery is not solid enough, a senior Communist Party official said on Saturday, warning of possible spillover effects from global economic problems. Some countries have to play a balancing act as they try to stabilize their economies, prices and financial markets, said Han Wenxiu, deputy…

Asharq Al-Awsat

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Why keeping Bitcoin mining in the U.S. helps the economy, national security, and even the environment

Bitcoin mining is going to happen. It's best to have it happen it here.

Fortune

Economics of independence 'far less important' than politics, says economist

ECONOMICS is "far less important" when considering questions like Scottish independence than politics, a professor of the subject has said.

The National (Scotland)

Latin America seen as ideal partner for BCG

Thailand and Latin America and the Caribbean (LAC) hope to enhance economic outcomes by collaborating in a Bio-Circular-Green (BCG) economy transition, according to Pornpimol Kanchanalak, Adviser to the Minister of Foreign Affairs of the Kingdom of Thailand.

Bangkok Post

Prepare to invest amid falling interest rates

The global economic and investment picture this month is strikingly different from last month. In our article last month "Global and Thai economy in a no-landing scenario", we warned about rising risks, even as others predicted a "no landing" situation, or an economy that can continue without slowing down or…

Bangkok Post

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Ukraine creditors group: provides assurances to support IMF steps to help Ukraine

The Group of Creditors of Ukraine (GCU) body said on Friday that it had provided financing assurances to support the International Monetary Fund's (IMF) approval for an upper credit tranche programme to help restore Ukraine's economy.

Reuters

A fed official just said abandoning the 2% inflation target would be a 'disaster' that would send the world back to the '70s despite banking crisis

St. Louis Fed president Bullard told Bloomberg Friday he fears '70s-style inflation will hit the global economy if the Fed changes its inflation target.

Fortune

Crude Closes Moderately Lower on Economic Concerns

May WTI crude oil (CLK23 ) on Friday closed down -0.70 (-1.00%), and May RBOB gasoline (RBJ23 ) closed down -1.23 (-0.48%). Crude oil and gasoline prices Friday closed moderately lower due to ongoing concerns that the banking turmoil could push the global economy into a recession, undercutting energy demand....

Barchart

Fury as 49-day PM Liz Truss 'gives peerages to people who plunged UK into chaos'

Liz Truss - who lasted just 49 days as PM after she tanked the economy - has nominated at least four new lifelong members of the House of Lords.

Daily Mirror

Billionaire investor Barry Sternlicht says the Fed's rate hikes are like using a 'steamroller' to 'kill a small fly' and warns the economy is about to 'hit the wall'

The billionaire investor says interest rate hikes are undermining the economy and could lead to more bank turmoil.

Fortune

Racing to net zero: The cost of making the global economy sustainable

What will it cost to transition the global economy to net zero? We take a look at how much money should be spent and where, in order to mitigate global warming. Charles Pellegrin speaks to Lord Adair Turner, Chair of the Energy Transitions Commission, a global coalition of leaders from…

France 24

How the banking crisis could ripple through the economy

Wall Street economists and the Fed increasingly expect fallout from that collapse to linger in the months ahead.

Axios

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Asharq Al-Awsat

Biden Approval Dips Near Lowest Point, Finds Poll

Approval of President Joe Biden has dipped slightly since a month ago, nearing the lowest point of his presidency as his administration tries to project a sense of stability while confronting a pair of bank failures and inflation that remains stubbornly high. That’s according to a new poll by The…

Birmingham Post

Put entrepreneurs front and centre to revive global economy post-pandemic

Entrepreneurship brings jobs, turns ideas into new goods and services, and hastens structural change

Birmingham Post

Northern Ireland economy stagnating and outlook poor, accountants' body says

Chartered Accountants Ulster Society's survey blamed political instability and inflationary pressures but said opportunities from Windsor Framework exist if Executive gets back to work

StockNews.com

3 Large-Cap Pharma Stocks to Protect Your Portfolio Through 2023

The worst banking crisis since 2008 could not stop the Fed from raising the benchmark interest rate. The possibility of further policy tightening and strict lending standards for banks might push the economy into a recession this year. Therefore, investing in large-cap pharma stocks Johnson & Johnson (JNJ), Merck &…

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Tribune News Service

Volcker slayed inflation. Bernanke saved the banks. Can Powell do both?

History remembers Paul Volcker as the slayer of inflation, and Ben Bernanke as the crisis firefighter. Jerome Powell is in danger of having to play both roles at once — or, what may be worse, to choose between them.

StockNews.com

4 Best Pharma Stocks to Buy for the Long Haul

With the persistent rise in lifestyle diseases, the pharmaceutical industry is well poised for strong growth in the long term. Also, with the Fed likely to keep increasing the interest rates, the economy is likely to enter a recession, making pharma stocks attractive investment options. Therefore, investors could look to…

Evening Standard

Retail sales bounce points to resilience of UK economy but reveals shifting shopping patterns

Valentine’s Day bargain hunters help power stronger-than-expected sales rise

Asharq Al-Awsat

EU Leaders Grapple with Bank Risks as Economy Weakens

European Union leaders gathered Friday to gauge the risk of a banking crisis developing from recent global financial turbulence and hitting the economy even harder than the energy crunch tied to Russia's war in Ukraine. The deliberations by EU government heads in Brussels follow US regulators shutting down two US…

The Independent UK

EU leaders grapple with bank risks as economy weakens

European Union leaders are gauging the risk of a banking crisis developing from recent global financial turmoil and hitting an already weak economy

Axios

How "too big to fail" banks became a symbol of safety

Not that long ago, these banks were the villains that nearly cratered the economy.

Daily Record

Councillor accuses new leadership of Dumfries and Galloway Council of "by-passing the democratic process"

Just a matter of days after taking charge of the council administration, the Conservatives group came under scrutiny over its decision-making process

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