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The Latest Breaking News from Economy

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…

Asharq Al-Awsat

Joy in China as mandatory Covid quarantine for inbound travellers set to end

In a snap move late Monday, China said from January 8 inbound travellers would no longer be required to quarantine on arrival in a further unwinding of hardline Covid-19 controls that had torpedoed the country's economy and sparked nationwide protests.

France 24

The Global Economy Caught Between Wars and Geopolitical Conflicts

There is a saying, "When the US economy sneezes, the emerging markets get a cold." The global economy now may be more complex: it is more resilient in terms of where new economic growth emerges, but more vulnerable in terms of risk emanating from the United States, but also in…

Asharq Al-Awsat

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Shares gain in Asia after China relaxes more COVID rules

Shares have advanced in Asia after China announced it would relax more of its pandemic restrictions despite widespread outbreaks of COVID-19 that are straining its medical systems and disrupting economic activity

The Independent UK

North Korea’s Kim hails economic, military successes at meeting

North Korean leader says isolated state has increased economic and military power at opening of key annual gathering.

Al Jazeera

How ten biggest weather disasters of 2022 cost the global economy £139 billion

Christian Aid highlighted the 'devastating' impact of extreme weather - including February's Storm Eunice - made more intense by climate change.

Daily Record

Chinese make travel plans as Beijing dismantles zero-COVID rules

Chinese people, cut off from the rest of the world for three years by stringent COVID-19 curbs, flocked to travel sites on Tuesday ahead of borders reopening next month, even as rising infections strained the health system and roiled the economy.

Reuters

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

The External Affairs Secretary pledged the country will continue to be a ‘good global citizen’.

The Independent UK

Analysts tout Asia as better investment option

Asia's emerging stock markets are anticipated to be a better investment alternative next year because of inexpensive prices and economic recovery, while the US markets will face high volatility as a result of slow economic growth, say senior analysts.

Bangkok Post

Mark Drakeford confirms plans to step down as Welsh First Minister in next two years

MARK Drakeford has confirmed he will step down as the First Minister of Wales within the next two years.

The National (Scotland)

Here's how to end gridlock in D.C.

Ambitious policy solutions can break through partisan paralysis and change America. It's time to go big

Salon

India well positioned to continue to be fastest growing major economy next year: N Chandrasekaran

NEW DELHI: India is well positioned to continue to be the fastest-growing major economy next year, which may mark the lowest global growth since the millennium began barring the pandemic and the global financial crisis, according to Tata Sons chairman N Chandrasekaran.

The Times of India

Editorial: Private Enterprise Matters to China’s Reform Drive

Firms in the private sector have contributed more than 50% of the country’s tax revenue, 60% of GDP and 70% of technological innovation

Caixin Global

The year in North East business: how political upheaval hit local firms

It was a year of turmoil in the political and economic worlds, impacting on businesses everywhere

Birmingham Post

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The Independent UK

UN official, Taliban minister meet on Afghan women NGO ban

The United Nations says its top official in Kabul has met the Taliban government's economy minister in the Afghan capital

Asharq Al-Awsat

Tunisia Expects Inflation to Reach 10.5% in 2023

Tunisia expects inflation to average 10.5% in 2023, up from 8.3% expected for 2022, as inflationary pressures continue to increase, economy minister Samir Saeed said on Monday. The Tunisian government has no alternative to an agreement with the IMF, Saeed added. Tunisia has reached a staff-level agreement with the IMF…

Asharq Al-Awsat

UN Official Meets Taliban, Urges Reverse of NGO Female Worker Ban

The acting head of the United Nations' mission to Afghanistan told the Taliban administration's acting economy minister to reverse a decision to ban female NGO workers during a meeting, according to a statement on Monday. "Millions of Afghans need humanitarian assistance and removing barriers is vital," UNAMA said in the…

Reuters

U.N. urges Taliban to reverse ban on female foreign aid workers

A senior U.N. official has urged Afghanistan's Taliban administration to reverse a ban on female humanitarian workers that charities fear will worsen winter hardships.

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The Times of India

'World economy is headed for a recession in 2023'

LONDON: The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Centre for Economics and Business Research.

The Independent UK

Asian shares higher in thin holiday trading

Shares have advanced in Asia in thin holiday trading

Bangkok Post

The usual suspects

During 2022, Life reviewed a large number of new automobiles and motorcycles that are for sale in Thailand. Here are our top picks.

Tribune News Service

World economy is headed for a recession in 2023, researcher says

The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Center for Economics and Business Research.

Bangkok Post

Gifts that keep on giving

Festive sentiment during the last week before New Year celebrations is considered the best opportunity for the business sector to increase sales as economic uncertainties may cast a shadow on consumer confidence in 2023.

Newsroom.co.nz

Give progress a chance: Embrace degrowth

Continuing to prioritise economic growth is not a recipe for being a good ancestor. Nor is it a recipe for human progress, writes Jack Santa Barbara.

The Independent UK

US slams Taliban for women's NGO jobs ban in Afghanistan

The U.S. has condemned the Taliban for ordering non-governmental groups in Afghanistan to stop employing women

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