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The Latest Breaking News from Economy

UK government is hiding £28bn of ‘stealth cuts’ to public services, says report

Thinktank warns austerity drive at next month’s budget will further damage economy

The Guardian - UK

ASX falls as mining stocks slump; Downer, InvoCare hit on earnings — as it happened

The ASX finished more than a per cent lower after the mining sector was crunched on weaker commodity prices. Here's how the trading day unfolded.

ABC News

Record number of Britons head to Greece as nation enjoys tourism boom

UK nationals outnumber Germans for first time, as post-pandemic rebound helps Greek economy to grow by 5.6% in 2022

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Stock-market believers say ‘stage still set’ for U.S. economy to accelerate in second half of year

The stock market slump may be discouraging, but it shouldn’t be a shock based on historical patterns.

Fortune

Fleeing Nicaraguans a boon to economy back home

Remittances to Nicaraguans sent home last year surged 50%, a massive jump that analysts say is directly related to the thousands of Nicaraguans who emigrated to the U.S. in the past two years

The Independent UK

Nigeria election count under way amid some extended polling

Late starts by election officials and technical issues with voter ID technology created delays in some polling centres.

Al Jazeera

Iranian Parliament Discusses a Record Drop in Local Currency

The Iranian parliament held a closed session on the record decline of the Iranian riyal against foreign currencies as the dollar continues its record-breaking high. The parliament held an extraordinary session with Vice President Mohammad Mokhber, Economy Minister Ehsan Khandouzi, and Central Bank Governor Mohammadreza Farzin. A spokesman for the…

Asharq Al-Awsat

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Economy to grow 3.8% this year, inflation to ebb: Arkhom

Thailand's economy is expected to grow 3.8% this year, helped by a rebound in the vital tourism sector, while inflation should cool to its target range, the finance minister said on Saturday.

Bangkok Post

Bitter harvest for some in a global economy changed by Russia’s war

A year of conflict has brought soaring prices and faltering trade, but also a step change in the switch to renewables

The Guardian - UK

China ‘seeks to water down’ Ukraine statement

BENGALURU, India: G20 finance ministers failed on Saturday to agree on a joint statement on the global economy at talks in India, as China sought to water down any reference to the Ukraine war, officials said.

Bangkok Post

China Central Bank Completes Trillion Yuan Profit Transfer to Treasury

Transfer of $162 billion to finance ministry, equivalent to around 50-basis-point cut to reserve requirement ratio, to support the economy

Caixin Global

America's economy is splitting consumers into two very different realities

Gregory Daco, chief economist at EY Parthenon, expects to see a “K-shaped consumer spending pattern” in 2023, where working class families slow their spending, while wealthy families continue to splurge.

Fortune

Indonesia on value-adding crusade

The value of Indonesia’s nickel exports surged tenfold in five years after it forced buyers to set up refineries in the country. Now Southeast Asia’s biggest economy plans to use that blueprint to vault nto the ranks of higher-income economies by processing everything from copper to fish.

Bangkok Post

Despite high inflation, Americans are spending like crazy – and it's kind of puzzling

Americans began the new year with a spending spree, but businesses are not sure how long it can last. There's a lot riding on the answer, since consumer spending is the backbone of the U.S. economy.

WEKU

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The Independent UK

How Russia’s invasion of Ukraine spread global economic turmoil

Ukraine – a year of war: Financial struggles between Moscow and the West will be just as drawn-out as the battles in Ukraine, argues Sean O’Grady

Reuters

Nigerians vote for new president, braving long delays in hope of bringing change

Officials counted votes in Nigeria's elections on Saturday, with people hoping for a reset after years of worsening violence and hardship under outgoing President Muhammadu Buhari, undeterred by delays at some polling stations.

Bangkok Post

Business registrations climb to 10-year high

The improving economy and rapidly recovering tourism sector led new business registrations to rise by 6% year-on-year in January, reaching the highest level in a decade.

Bangkok Post

Global and Thai economy in a 'no-landing scenario'

The world economy in the first quarter of 2023, especially in January, seems to be defying gravity. The US labour market and retail sales figures have been much better than expected, while inflation is showing signs of a slower-than-expected slowdown.

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Newcastle Herald

An invitation to help transform the Hunter

The Hunter is undergoing an unprecedented transformation. Along with significant challenges, there are enormous opportunities for social and economic growth.

StockNews.com

3 Stocks to Safeguard Your Portfolio in 2023

The stock market’s outlook seems choppy as investors weigh data on the state of the economy, labor market, and future rate increases by the Federal Reserve. With more volatility expected for the near term, one should consider safeguarding their portfolios with fundamentally sound stocks Coca-Cola (KO), Bristol-Myers Squibb (BMY), and…

Salon

The Ukraine economic war: Who's winning?

Neither Ukraine nor Russia is "winning" — but Saudi Arabia, the oil companies and the arms industry certainly are

Newsroom.co.nz

Keeping it local for cyclone recovery

It was local institutions such as churches and marae that provided support and hope to the community after the Auckland floods, and Cyclone Gabrielle also highlighted the importance of connection with others, says Dr Catherine Knight

Asharq Al-Awsat

US Announces Sweeping New Russia Sanctions 1 Year into War

The US announced a new round of sanctions on Russian firms, banks, manufacturers and people Friday, aiming them at entities that helped Russia evade sanctions earlier in the year-old war against Ukraine. Russia’s metals and mining sector is among those targeted in one of the US Treasury Department's "most significant…

The Independent UK

Fed's rate hikes likely to cause a recession, research says

Can the Federal Reserve keep raising interest rates and defeat the nation’s worst bout of inflation in 40 years without causing a recession

Birmingham Post

Life sciences industry generates over £2.6bn for economy in Wales - report

Income growth of Welsh life sciences companies outperformed those in the rest of the UK, according to new data

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