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The Latest Breaking News from Economy

Global Alarm Grows over China's Covid Surge

The United States is the latest in a growing number of countries to impose restrictions on visitors from China after Beijing abruptly removed a major impediment to overseas travel despite surging Covid cases at home. Hospitals across China have been overwhelmed by an explosion of Covid cases following Beijing's decision…

Asharq Al-Awsat

Economic risks to watch out for in 2023

The world will end 2022 with big celebrations. Yet not because of robust economic growth, as growth this year is projected to be only 3.2% -- following the International Monetary Fund's (IMF) recent projections -- compared to 6.0% growth in 2021.

Bangkok Post

Mergers shake up the landscape

Amid economic challenges and rapid changes in various sectors, the strategic approach of mergers and acquisitions (M&A) was used to help businesses stay afloat and elevate their competitiveness, in addition to partnership agreements.

Bangkok Post

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Goldman Sachs economists keep doubling down on their call that we’ll avoid a recession. Their boss disagrees.

What a difference 30% makes. Goldman’s chief economist sees about a one-in-three chance of the economy shrinking, but CEO David Solomon sees it the other way.

Fortune

Understanding stagflation

Stagflation is a real problem for policymakers because the Central Bank can increase interest rates to reduce inflation or cut interest rates to reduce unemployment.

Fortune

2 Starter Stocks New Investors Should Consider Buying

Following a painful year, the stock market is expected to stabilize in the near term, given the cooling inflationary pressures. Moreover, economists expect a soft landing is possible for the economy. However, as uncertainties remain, new investors could consider investing in fundamentally strong stocks, Verizon Communications (VZ) and Campbell Soup…

StockNews.com

2022 killed the cheap money era. Here's what the next decade has in store

“I think you occasionally get a turning of the investment and economic age, and we're at one of those now after over a decade of near-zero interest rates,” said George Ball, chairman of Sanders Morris Harris.

Fortune

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Ukraine news – live: No place in Bakhmut ‘not covered with blood’, says Zelensky

Vladimir Putin’s forces increasingly diminished at epicentre of fighting in Donbas, analysts believe

The Independent UK

3 Hyper-Growth Stocks to Buy for Big Gains

With recent economic data showing promise, the chances of a soft landing for the economy are increasing. Hence, it could be wise to invest in fundamentally sound stocks CVS Health (CVS), Ooma (OOMA), and Neurocrine Biosciences (NBIX), which possess solid growth attributes. Read on….

StockNews.com

Amid Pak Terror Threat, Locals, Migrants Work Jointly To Drive Kashmir's Economy

Migrant workers have become a prime force that drives Kashmir's economy and development, according to the latest report. Read on for details:

Dynamite News

Scotland’s international outlook ‘vital’ to help the country's economy, Angus Robertson says

Nine international agencies will keep working to attract jobs and investment

Insider UK

What’s in Store for Emerging Asian Economies in 2023?

Many economies in the region could be in for a bumpy ride next year, but some may also be set to benefit as companies diversify investments from the Chinese market.

The News Lens

Researcher: As Inflation Rises, World Faces A Recession In 2023

The global economy breached $100 trillion in 2022 but will stall in 2023 in the backdrop of policymakers fighting inflation.

Zenger

From China to inflation, 5 economic trends to watch in 2023

The global economy is facing risks and opportunities next year from rising interest rates to China’s reopening.

Al Jazeera

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Birmingham Post

North West business leaders share their predictions for 2023

Business leaders have predicted what will happen next year

StockNews.com

5 Reasons to Be Bearish in 2023

Some price action for the S&P 500 (SPY) is quite meaningful and tells you a great deal about the future direction of stocks. And some price action is just useless noise. Such is the case for trading during the holidays when so many people are on vacation and trading volume…

Tribune News Service

Home prices slip for fourth month with US market slowing

The U.S. housing market continued to sag in October as the impact of higher mortgage rates and concerns over the economy rattled buyers and sellers.

Wales Online

Mark Drakeford explains his plans for income tax in Wales after admitting he has seriously considered increasing it

The First Minister asked Westminster for tax raising powers, but said he won't be using them soon

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news in one place.

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Fortune

Putin's energy blackmail plan could backfire on Russia's economy

Putin has tried using energy as a weapon against the West this year, but he risks going too far.

StockNews.com

Do You Like Momentum? This 1 Stock Could Be the Perfect Pick

Despite the uncertainty in the economy, Berry (BRY) reported robust results and beat its consensus EPS and revenue in the fiscal third quarter. As the stock continues to deliver steady returns despite the market turmoil, it could be worth adding BRY to your portfolio. Read more.

WEKU

Russia's economy is still working but sanctions are starting to have an effect

Despite unprecedented sanctions, Russia's economy is still functioning and it's still attacking Ukraine. That's led to questions about whether the sanctions are effective.

StockNews.com

1 China Stock to Buy When Others Are Fearful

China’s strict COVID policy has impacted the country’s production recently. However, with the economy opening up, analysts expect the country to be back on its growth path soon. Given this backdrop, the fundamentally strong online retailer Vipshop Holdings (VIPS) could be a solid buy at the current price level. Read…

Al Jazeera

Why do the rich get richer — even during global crises?

Every 30 hours, the pandemic spawned a new billionaire, while pushing a million people into poverty. Here’s why.

Asharq Al-Awsat

Chinese Make Travel Plans as COVID Rules Ease Further

Chinese people, cut off from the rest of the world for three years by COVID-19 curbs, flocked to travel sites on Tuesday ahead of borders reopening, even as rising infections strained the health system and roiled the economy. Zero-tolerance measures - from shuttered borders to frequent lockdowns - have battered…

Asharq Al-Awsat

Saudi Arabia Approves New Center for Special Economic Zones in Riyadh

Official information revealed that higher authorities have approved the organizational arrangements for a new center for economic zones in Riyadh. The Royal Commission for the Saudi capital would be the competent authority to supervise these zones. Last year, Crown Prince Mohammad bin Salman revealed a new strategy for the development…

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