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The Latest Breaking News from Economy

Asian stocks gain after Wall Street has best day in 6 weeks

Shares are mostly higher in Asia after strong data on the U.S. economy sent Wall Street to its best close in six weeks

The Independent UK

Why has China announced its lowest growth target in decades?

Beijing is aiming for a moderate growth rate of 5 percent in 2023 amid a host of domestic and external challenges.

Al Jazeera

China Premier Li Keqiang bows out as Xi loyalists take reins

Chinese Premier Li Keqiang is taking his final bow in a departure that marks a shift from the technocrats who have helped steer the world's second-biggest economy in favor of officials with unquestioned loyalty to President Xi Jinping

The Independent UK

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read the most diverse news in one place.

Shadow chancellor accuses Tories of ‘squandering’ UK’s economic potential

Rachel Reeves said the UK is the ‘only G7 economy that’s still smaller than it was before the pandemic’.

The Independent UK

State eager to avoid fiscal fiasco

The government set an ambitious goal to achieve a balanced budget in 10 years, even though several obstacles still remain.

Bangkok Post

Marc Andreessen: We’re heading into a world where a flat-screen TV that covers your entire wall costs $100 and a 4-year degree costs $1M

The cofounder of venture capital giant Andreessen Horowitz laid out his thoughts in his newsletter this weekend.

Fortune

‘Incredibly difficult’: RBA prepares 10th straight rate hike, despite slowing economy

Struggling home owners face more bad news this week as the Reserve Bank prepares yet another hike in interest rates.

The New Daily

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China's "parliament" sets this year's economic growth target at 'around 5%'

China’s government announced plans for a consumer-led revival of the struggling economy as its legislature opened a session Sunday that will tighten President Xi Jinping’s control over business and society.

Radio France Internationale

China Stresses Tech Self-reliance Target

China's science and technology policies should aim to build the country's strength and self-reliance, while companies take the lead in pushing innovation, Premier Li Keqiang said on Sunday. The country effectively countered external attempts to suppress and contain China’s development over the past five years by promoting development of the…

Asharq Al-Awsat

Pushing for a post-COVID rebound, China targets GDP growth of 'around 5%' this year

Outgoing premier Li Keqiang told delegates at the National People's Congress that China is aiming to rebound economically after COVID slowed them down

WEKU

How Venezuela’s Nicolás Maduro outfoxed the west

The repressive leader has weathered an economic crisis, sanctions and an uprising. What should the US do with him now?

Financial Times

The Andrew RT Davies interview: Liz Truss, Brexit and my Twitter account

The Andrew RT Davies Twitter account has become a focal point in its own right given what appears on it — but the leader of the Welsh Conservatives stands by it

Wales Online

The U.S. housing market just took another hit

This week's seasonally adjusted Mortgage Purchase Application Index came in at the lowest level since 1995.

Fortune

Big stores see how we spend. Here are 4 things they say about the economy

Retailers have dropped a flurry of financial reports. They paint a messy and conflicting picture about our consumer economy.

WEKU

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Bangkok Post

Digital consumers to propel Asean

A rapid increase in digital consumers is expected to be a major driver for Southeast Asia's economy, which is projected to grow by 4.7% this year, according to consulting firm YCP Solidiance.

The Guardian - UK

Labour will need more radical ideas to fix our broken society

Letters: Readers respond to an article by Jonathan Freedland on the prospect of a Labour government

Axios

The surprising impotence of Fed rate hikes

Despite rising interest rates, the economy remains as robust as ever, with a five-decade low in unemployment rate and inflation far above the Fed's goals.

Daily Record

Anas Sarwar says Labour is 'passionately pro-business' as he calls for help for tourism sector

The Scottish Labour leader visited the Barrowlands in Glasgow to call for more support for businesses in the nighttime economy.

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The Independent UK

Albanian opposition holds new rally to seek PM's resignation

Thousands of Albanian opposition supporters have protested anew in the capital Tirana, calling for the prime minister’s resignation for alleged corruption and mishandling of the small Balkan nation’s economy

The Conversation

New Brexit deal will be better for Northern Ireland's economy than the protocol, research suggests

UK prime minister Rishi Sunak has said Northern Ireland will be “the world’s most exciting economic zone” due to its access to the EU single market under the latest post-Brexit trading deal between the EU and UK.

Asharq Al-Awsat

Saudi-Japanese Feasibility Study for Producing Clean Hydrogen for Local, Int’l Markets

Japan’s Marubeni Corp. has agreed to study clean hydrogen production in Saudi Arabia together with the Kingdom’s sovereign Public Investment Fund (PIF). Saudi Arabia, a leading oil-producing nation and a key player in the Organization of the Petroleum Exporting Countries, is looking to add other types of energy sources, including…

Caixin Global

Caixin China New Economy Index Expands on Surge in Capital Investment

The gauge that tracks the size of high value-added industries such as biotech rose 1.2 points to 29.5 in February

Bangkok Post

Singapore Airlines' paper serviceware trial criticised as cheap

Singapore Airlines (SIA) said that it will consider feedback from customers before it comes to a decision on the use of paper serviceware on its medium- and long-haul flights.

Asharq Al-Awsat

UAE GDP Grew 7.6% in 2022

The United Arab Emirates’ gross domestic product grew 7.6 percent in 2022 amid doubled economic growth, incoming foreign direct investment, and outgoing investment flows announced Minister of Economy Abdullah bin Touq. Bin Touq stated that the 100 percent full foreign ownership led to a significant increase in the demand for…

The Conversation

Economic growth is fuelling climate change – a new book proposes 'degrowth communism' as the solution

I’m often told that degrowth, the planned downscaling of production and consumption to reduce the pressure on Earth’s ecosystems, is a tough sell. But a 36-year-old associate professor at Tokyo University has made a name for himself arguing that “degrowth communism” could halt the escalating climate emergency.

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