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The Latest Breaking News from Economy

Union Budget 2023-24: State of Indian economy

NEW DELHI: Finance minister Nirmala Sitharaman is all set to present her fifth Union Budget on February 1. This will be the last full year budget of the Modi 2.0 government before the general elections in 2024.

The Times of India

IMF: Saudi Arabia Playing Important Role in Energy, Food Security

International Monetary Fund (IMF) Managing Director Kristalina Georgieva underscored on Wednesday the important role Saudi Arabia is playing in energy and food security. “Saudi Arabia takes its good fortunes to heart to play an important role in energy and food security,” she said at the World Economic Forum in Davos.…

Asharq Al-Awsat

Editorial: If McCarthy won’t defend the global economy, Biden and Yellen must

Fast forward to this fall. Americans are thinking about Halloween costumes or how their kids are faring in the new school year, but one more pressing and widespread concern occupies the nation’s minds: the collapsing global economy, which has been spinning out with no signs of slowing, leading to heavy…

Tribune News Service

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Saved from Death at Sea, Syrian Refugees Face Deportation

On New Year’s Eve, a small boat carrying more than 230 would-be migrants, most of them Syrians, broke down and began to sink after setting sail from the northern coast of Lebanon. Since the collapse of Lebanon's economy in 2019, an increasing number of people — mostly Syrian and Palestinian…

Asharq Al-Awsat

Trade, investment key to peaceful Pacific

Former foreign minister Julie Bishop has told an international forum Japan would have greater credibility as a regional leader if it reformed its own economy.

AAP

What’s at Stake in Türkiye’s Upcoming Elections?

President Recep Tayyip Erdogan is aiming to extend his 20-year rule in elections that will decide not just who leads Türkiye but how it is governed, where its economy is headed and what role it may play to ease conflict in Ukraine and the Middle East. The presidential and parliamentary…

Asharq Al-Awsat

Davos 2023: Marcos says Philippines to resist 'recessionary forces'

Philippines President Ferdinand Marcos Jr said his country would resist global recessionary headwinds, but warned that increasing tensions in the South China Sea were harming trade.

Reuters

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As economic crisis deepens, will Egypt slow megaprojects down?

The IMF announced an ambitious reform programme for Egypt’s economy, but analysts cast doubt on its effectiveness.

Al Jazeera

Explainer-What's at stake in Turkey's upcoming elections

President Tayyip Erdogan is aiming to extend his 20-year rule in elections that will decide not just who leads Turkey but how it is governed, where its economy is headed and what role it may play to ease conflict in Ukraine and the Middle East.

Reuters

US-China officials to meet on economy, aim to ease tension

U.S. Treasury Secretary Janet Yellen is set to sit down with her Chinese counterpart in Switzerland on Wednesday

The Independent UK

It’s a Business Free-for-All in a Russia Transformed by Sanctions

In Putin’s “mobilization economy,” entrepreneurs find creative ways to meet demand, like converting Krispy Kreme into Krunchy Dream, Starbucks into Stars Coffee.

Businessweek

China's Xi frets about COVID in rural areas, sees 'light ahead'

President Xi Jinping said on Wednesday he was particularly concerned about China's COVID-19 wave spreading to rural areas with poor medical facilities but he urged perseverance in stressful times, saying "light is ahead".

Reuters

KISS Investing in 2023

The S&P 500 (SPY) seems to be on the verge of an important breakout. Some even think the new bull market has already arrived. 40 year investment veteran, Steve Reitmeister, says “rubbish”. His latest market commentary below explains why including a game plan to generate gains even as the market…

StockNews.com

Microsoft to layoff thousands of workers, says report

NEW DELHI: Microsoft employees are facing yet another bout of job cuts, as tech giants continue to pare staf amid persisting challenges to global economy.

The Times of India

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Newcastle Herald

Brewery chasing votes to push Newcastle-made beer to the top of the Hottest 100

It's hard to believe: there is not a Newcastle beer on the current GABS Hottest 100 Craft Beers list. But that could all change this year. Jaz Wearin, founder of Modus Operandi Brewing, is on a mission to get the brewer's Cerveza beer voted on to the annual 2022 GABS…

Tribune News Service

In wide-ranging interview, Scholz discusses war in Ukraine, Germany's economic outlook

Chancellor Olaf Scholz said he’s sure Germany will avoid a recession this year, offering reassurance for Europe’s largest economy as it faces down Russia’s energy squeeze.

Bangkok Post

Economists slice growth outlook for Asean+3

China's reopening should provide a timely boost to the Asean+3 region as the area's economic growth was downgraded because of continuing weakness in China, Japan and South Korea, according to economists.

Bangkok Post

Reforming Thailand: a dual challenge

Thailand needs to gain competitiveness in the global economy. However, two hindrances come to mind: old leaders and outdated laws.

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Orlando Sentinel

DeSantis wants his ban of COVID vaccine and mask mandates made permanent

TALLAHASSEE, Fla. — Touting his efforts to keep Florida’s economy open during the COVID-19 pandemic by banning mask and vaccine mandates, Gov. Ron DeSantis said Tuesday he wants lawmakers to make those measures permanent, calling them a “prescription for freedom.”

Fortune

Fewer people than ever think their life is going to get better as 'economic optimism collapses' worldwide

Never before have so many households felt so pessimistic and negative towards their economic prospects.

Bangkok Post

NBTC, DES Ministry to discuss security

The National Broadcasting and Telecommunications Commission (NBTC) plans to hold talks with the Digital Economy and Society (DES) Ministry to allocate some satellite orbital slots for use specifically for the country's security.

StockNews.com

3 Precious Metals ETFs to Buy for 2023

The stock market is yet to see an end to the Fed’s monetary tightening to control inflation. On top of that, recent economic data reflecting an economic and demographic decline in China is a stark reminder that the global economy, battered by various headwinds, may spiral into a full-blown recession.…

Fortune

Davos CEOs have never had a worse feeling about the global economy

The world's business leaders at Davos think the global economy is in for a rough few years. Do they know something we don't?

ABC News

First Nations entrepreneurs are still fighting 'the white boys club', as major banks try to improve

Major banks and venture capital firms say they want to finance more Indigenous business as this sector grows at a rate higher than the economy, but those from within First Nations enterprise say the finance sector has a lot to improve.

Fortune

Goldman Sachs thinks the economy will actually pull off a soft landing—but adds the S&P will stay flat for a whole year

A "soft landing" doesn't mean stock market investors should celebrate. Goldman Sachs' chief U.S. equity strategist is warning the S&P 500 will end 2023 at 4,000.

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