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The Latest Breaking News from Economy

Editorial: Refugees want jobs, and the economy wants workers

With a total of 517,000 new jobs created last month and total employment estimates revised up, the country now has the lowest unemployment rate in more than half a century.

Tribune News Service

IAEE Conference Discusses Opportunities for Advancing ‘Hydrogen Economy’

Hosted for the first time in the MENA region, the 44th International Association for Energy Economics (IAEE) Conference in Riyadh reviewed the risks of volatility in global oil and gas markets. Participants at the summit also discussed threats to future opportunities offered by the hydrogen economy. Prince Abdulaziz bin Salman,…

Asharq Al-Awsat

Egypt Private Sector Activity Slides for 26th Month in Row

A contraction in Egyptian non-oil private sector activity entered its 26th straight month as high inflation and a continued shortage of foreign currency weighed on business, a survey showed on Sunday. The S&P Global Egypt Purchasing Managers' Index (PMI) slipped to 45.5 in January from 47.2 in December, well below…

Asharq Al-Awsat

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Indonesian economic growth rises to 9-year high

Indonesia's economic growth accelerated to a nine-year high in 2022 despite global uncertainty and a final-quarter slowdown, official data showed Monday, owing to soaring commodity prices and easing Covid-19 curbs.

Bangkok Post

Biden has revived democratic capitalism – and changed the economic paradigm

The president’s domestic successes offer a rebuke to disciples of Reagan: the ‘free market’ has never existed

The Guardian - US

Liz Truss' comeback bid shows not apologising is a typical Tory trait

After nearly crashing the UK economy, Liz Truss should retreat into silence, writes Record View.

Daily Record

Higher rates, falling home prices and real wages, but no recession: Economists’ forecast for 2023

Higher interest rates, falling home prices and real wages, but no recession. The economic forecast from top financial experts.

The New Daily

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Biden's State of the Union to tout policy wins on economy

President Joe Biden will use his second State of the Union address on Tuesday to remind Americans of how their lives have been improved over his first two years in office, as he tries to navigate the tricky politics of a newly divided Washington

The Independent UK

PM urges Indigenous voice support as parliament returns

As federal parliament returns for the year, Prime Minister Albanese is focused on building support for an Indigenous voice.

AAP

Indigenous voice and economy top parliamentary agenda

The prime minister says a referendum on an Indigenous voice won't distract the government from pressing challenges like cost of living and national security.

AAP

How to watch Joe Biden’s State of the Union address

President expected to discuss police reform, economy and Ukraine war

The Independent UK

Biden faces ‘tightrope’ in balancing realism and optimism in State of the Union

President’s second address on Tuesday comes at a critical moment, as House Republicans are eager to damage his 2024 election prospects

The Guardian - US

New system to pay 20% more for solar power

The economy ministry plans to introduce a system in which electric power generated by solar panels on the roofs of company buildings, factories and warehouses will be purchased at 20% higher prices than power generated from panels on the ground.

The Japan News/Yomiuri

In the global race to dominate green technology, Britain is still tying its shoelaces

As the US, China and now the EU compete for the fruits of the green economy, the UK is hamstrung by Tory dogma, dither and delay

The Guardian - UK

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The Conversation

Weed in South Africa: apartheid waged a war on drugs that still has unequal effects today

Cannabis is being commercialised into a multibillion-dollar global industry and South Africa wants a piece of the pie. In his 2022 state of the nation address, President Cyril Ramaphosa spoke of developing a hemp and cannabis sector to boost the post-COVID economy.

The Guardian - UK

Trade down, economy sinking, support falling: is the tide finally turning on Brexit?

Three years on, Bregret hits home in Britain. For the EU, though, life has moved on

The Conversation

Higher interest rates, falling home prices and real wages, but no recession: top economists' forecasts for 2023

Australia’s Reserve Bank is set to push up rates once again at its first meeting for the year on Tuesday, according to all but two of the 29 leading economists surveyed by The Conversation at the start of 2023.

Tribune News Service

The EU’s ban on Russian diesel won’t really stop fuel flows

For decades, a steady stream of ocean tankers has filed back and forth between a small cluster of ports in northwest Europe and the Baltic Sea. Typically, each would bring about 40 million liters of diesel to help keep Europe’s economy humming. Starting Sunday, that will be banned — along…

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Bangkok Post

Industry president urges long-term fix to PM2.5

The president of the Federation of Thai Industries (FTI) is urging the government to speed up solving the Bangkok's PM2.5 problems in the long term, fearing that if the situation remains unchanged, it affect the economy and tourism.

ABC News

System operator predicts Bluewaters, Australia's newest coal-fired power plant will close by 2029

WA's only privately owned coal-fired power station to close "before 2030" under plans that would bring the curtain down on the fuel's use in the state's economy.

Daily Mirror

'Striking firefighters and ambulance workers get blamed for the mess Tories got us in'

This Government has tried so hard to contribute to the economy, jokes Mark Steel. Nadhim Zahawi went as far as having to pay a £1million penalty when he got caught not paying his tax

StockNews.com

Bullish or Bearish or BOTH???

The stock market (SPY) is becoming more complicated by the day. Bulls make a good case given the recent rally. But so do the bears given the clear weakness in the economy pointing to recession. Who is right? And how best to trade the market in the weeks and months…

The Independent UK

How to watch Joe Biden’s State of the Union address

President expected to discuss police reform, economy and Ukraine war

The Conversation

Robberies surge as criminals take advantage of South Africa's power outages

The acute energy crisis in South Africa has adversely affected all aspects of the society. Regular and lengthy power outages – which started in 2007 are also contributing to an escalation in the levels of criminal activity, especially street crime. The most recent quarterly crime statistics – have undermined an…

The Independent UK

State of the Union: Biden sees economic glow, GOP sees gloom

Going into Tuesday’s State of the Union address, President Joe Biden sees a nation with a glowing economic future

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