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The Latest Breaking News from Economy

Key Israel business group seeks steep cut in food tax

Israel's Manufacturers' Association on Sunday proposed tax cuts on food along with a host of other measures aimed at strengthening Israeli economic competitiveness and dealing with the country's high cost of living.

Reuters

Putin says Russian military operation going well in Ukraine

Russian President Vladimir Putin said that the military operation in Ukraine had gained positive momentum and that he hoped his soldiers would deliver more wins after Russia claimed control of the eastern Ukrainian salt-mining town of Soledar.

Reuters

There is no US labor shortage. That’s a myth

There is, however, a shortage of jobs paying sufficient wages to attract workers to fill job openings

The Guardian - US

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Keir Starmer hints four times he'll ditch his tuition fees vow saying 'a lot has changed'

Keir Starmer pledged in 2020 to scrap £9,250-a-year university tuition fees - but it could be the latest pledge on the scrapheap as he blames the Tories' 'huge damage to our economy'

Daily Mirror

Saudi Arabia Supports Pakistan’s Economy with $20 Bn in 4 Years

Saudi support for the Pakistani economy constituted a safety valve for its stability and continuity, allowing it to face economic repercussions. Asharq Al-Awsat monitored recent agreements between Riyadh and Islamabad, revealing that Saudi support has doubled in the last four years, exceeding $21.64 billion, in a diversified portfolio including aid,…

Asharq Al-Awsat

Farming in South Africa: 6 things that need urgent attention in 2023

South Africa’s agriculture remains an important sector of the economy and holds great potential to reduce poverty. It’s also central to the political economy of the country, as evident in the governing African National Congress’s (ANC) recent policy documents.

The Conversation

Life next to "dangerous" M1 junction costing the economy millions every year

Midlands Connect has highlighted junction 28 of the M1 as a pinch point where delays are said to be costing the economy £4.5 million every year.

Nottingham Post

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Ford Falcon V8 Duels Two-Cylinder Fiat 126 In Fuel Economy Test

It's Ford vs. Fiat in a battle of the least.

Motor1

How France plans to regulate the realm of internet influencing

The French government this week launched a month-long public consultation in a bid to set up a code of good conduct for internet influencers. The project proposes to better protect consumers as well as makers of creative content, and will also allow the Economy Ministry to keep fiscal tabs on…

Radio France Internationale

Biden welcomed back to Georgia after laying low in midterms

During the 2022 midterm campaign, President Joe Biden steered clear of Georgia as Sen. Raphael Warnock, like other battleground-state Democrats, sought to distance himself from the White House amid an inflationary economy and the president’s lagging approval ratings

The Independent UK

A major Hollywood producer lets loose on how streaming is killing originality in movies

Movies are starting to lose their creativity in the subscription streaming economy.

Fortune

White House sounds alarm on GOP ‘malfeasance’ after Treasury warns of approaching debt limit

The Treasury Secretary says a ‘failure to meet the government’s obligations’ would end up doing ‘irreparable harm to the US economy, the livelihoods of all Americans, and global financial stability’

The Independent UK

Inflation has slowed–but high prices are here to stay. Here’s why the next rate hike should be the Fed’s last

Inflation has fallen to its lowest level in more than a year, but the Fed may still hike rates. Here's when it should stop.

Fortune

UK may avoid 2022 recession after growing 0.1% in November – as it happened

UK economy beat forecasts with 0.1% growth in November, as food and drink businesses benefited from the FIFA World Cup

The Guardian - UK

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Birmingham Post

Recession fears slow but industry still faces toughest trading conditions in ‘recent history’, says Chamber

Slim growth supported by technology sector and pubs and bars boosted by winter World Cup in Qatar

Birmingham Post

It's far from being all doom and gloom on the the economy

There is growth across a variety of technologies such as electric vehicles and broadband

Evening Standard

Who are the big winners in FTSE 100’s £350 billion rebound as it closes in on record high?

Some well-known UK names are in the lead as hopes grow that the economy is proving more resilient than feared

Birmingham Post

NI Chamber: Businesses showing resilience despite inflationary pressures

More than half expect their businesses to grow this year, but believe the Northern Ireland economy will contract

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Evening Standard

UK economy unexpectedly grew by 0.1% in November, latest GDP figures reveal

With inflation forecast to fall in the coming months and the pressure on energy bills set to ease thanks in part to warmer than expected winter weather and a drop in the price of gas, the economic outlook is not looking slightly brighter.To add to the growing optimism, Tesco and…

The Independent UK

German economy seen stagnating in Q4, grew 1.9% in 2022

Germany's national statistics office says the country's economy appears to have stagnated in the fourth quarter

The Guardian - UK

The UK may avoid a recession for now but it won’t feel like it for many

Jeremy Hunt is not getting carried away by November growth, and monthly GDP moves can be erratic

Birmingham Post

Concerns rising for North East businesses despite signs of hope, survey says

Quarterly economic survey from the North East England Chamber of Commerce describes a mixed picture in the regional economy

Manchester Evening News

‘Fun, wild party bar’ allowed to open EVEN LATER despite noise concerns

"We are mindful that Stockport is a growing town, it’s becoming more and more desirable to live in Stockport and part of the desire is fed by the night time economy"

The Guardian - UK

UK economy grew by only 0.1% in November

Figure comes as people began Christmas shopping, while World Cup gave pubs and bars a boost

Birmingham Post

Withering Invest NI independent review calls for “profound change”

The report was carried out at the behest of former economy minister Gordon Lyons

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