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The Latest Breaking News from Economy

The S&P 500 (SPY) is up more than 10% over the last 2 weeks, and it’s confirmation that this is more of a ‘bear market rally’ rather than an oversold bounce. That being said, this rally will likely roll over to new lows as the financial and economic conditions continue…

StockNews.com

Karl W. Smith: The Fed has a secret weapon in households

It’s generally accepted among economists and investors that the Federal Reserve has an impossible task of getting inflation under control without damage widespread and lasting damage to the economy. It’s time for a reality check. In fact, it’s looking more and more like the central bank may have a far…

Tribune News Service

Men don't trust female central bankers on inflation or the economy, survey data shows

The Research Brief is a short take about interesting academic work.

The Conversation

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Dbeibah Reopens Land Border Crossing Between Libya, Sudan

Head of Libya's Government of National Unity (GNU) Abdulhamid al-Dbeibah announced on Monday reopening the land border crossing with Sudan. He pledged to provide infrastructure to improve the economy between the two countries. The announcement came during the opening session of the Libyan-Sudanese Economic Forum, which kicked off its activities…

Asharq Al-Awsat

World Bank: Saudi Green Initiatives Will Grow Region’s Economy to $13 Trillion by 2050

The World Bank confirmed that Saudi green initiatives will grow the region's economy to $13 trillion by 2050.

Asharq Al-Awsat

China iPhone Factory under Lockdown Boosts Bonuses for Workers Who Stay

The world's largest iPhone factory in central China told staff Tuesday it would quadruple their bonuses if they remained at the plant after scores of workers fled a Covid outbreak at the facility. China is the last major economy committed to a zero-Covid strategy, persisting with snap lockdowns, mass testing…

Asharq Al-Awsat

Commentary: It’s not just the economy, stupid

The midterms are coming, and with it predictions that the nation’s economic woes will cost Democrats control of Congress. As one pundit on Fox News recently declared, political consultant James Carville’s 1992 adage, “It’s the economy, stupid,” still applies. Polling data seems to support this point of view.

Tribune News Service

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Heng Swee Keat: Reinvigorating Singapore-China Ties Through New Areas of Collaboration

Singapore looks forward to partnering with China to strengthen recovery from the pandemic, reinvigorate bilateral cooperation, and overcome common challenges, writes the country’s deputy prime minister

Caixin Global

Australian cash rate rises for 7th straight month to 2.85%

Australia’s central bank has boosted its benchmark interest rate for a seventh consecutive month to a nine-year high of 2.85%

The Independent UK

Deep in recession, Hong Kong eyes comeback with rugby, bank meet

The financial centre is hoping to convince the world it is back in business after nearly three years of pandemic curbs.

Al Jazeera

North East hosts landmark green expo as Trade Secretary outlines plan to 'futureproof' economy

Kemi Badenoch MP will announce a three-pronged approach to using trade to tackle crucial global challenges ahead

Birmingham Post

Badenoch calls for green investment to ‘future-proof’ UK economy

The International Trade Secretary said new technologies to combat climate change will create jobs and deliver energy security.

The Independent UK

Businesses striving to reduce plastic waste

Businesses can apply the circular economy model to help the government reduce plastic waste and prevent its release into the ocean, which threatens to have a serious impact on the marine ecosystem and human health.

Bangkok Post

Tourism, export growth drives up production index

Thailand's Manufacturing Production Index (MPI) increased by 3.36% year-on-year to 97.9 points in September, thanks to bustling economic activities, especially in the tourism and export sectors.

Bangkok Post

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Bangkok Post

Central bank will stop allowing 100% mortgages

The Bank of Thailand will not extend the easing of loan-to-value (LTV) measures for mortgage loans as the economy is showing clearer signs of recovery.

Bangkok Post

Deal values on the rise as private funding surges

Thailand saw private funding of US$300 million in the first half of 2022, a jump from $200 million in the same period a year earlier, according to an Asean internet economy report by Google, Temasek and Bain & Company.

StockNews.com

2 Stocks That Give Downside Protection in Troubled Times

With inflation still hovering around the multi-decade high and the U.S. economy expanding in the third quarter, a further aggressive interest rate increase is on the cards this week. With the macro headwinds set to intensify further, investing in resilient stocks Walmart (WMT) and Oracle (ORCL) could give your portfolio…

The Guardian - UK

Climate crisis battle an ‘opportunity’ for working people, says Starmer

Labour leader sets out industrial plan including £28bn-a-year investment strategy at SME4Labour dinner

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The Conversation

Why inflation will likely stay sky-high regardless of which party wins the midterms

Soaring inflation is the top issue for a lot of voters heading into the midterms, with most saying Republicans would do a better job of handling the problem.

The Conversation

Employers say Labor's new industrial relations bill threatens the economy. Denmark tells a different story

Labor’s proposed amendment to the Fair Work Act (subtitled its Secure Jobs, Better Pay bill) has drawn fire from Australia’s three leading employer groups:

The Conversation

70 years of data suggest the Conservatives will suffer a big defeat at the next election -- here's how I worked it out

With the UK’s new prime minister in office, it looks like the political turmoil of the last few months is likely to ease, at least for the time being. Rishi Sunak and his fellow MPs must put their political differences aside to focus on stabilising the economy and calming financial…

Newsroom.co.nz

Breaking the barriers between banks and the Māori economy

Renata Blair is a bridge between worlds – he’s opening doors to the rapidly growing Māori business sector by aiding the bank’s understanding and connection to Te Ao Māori.

The Conversation

Brazil election: victorious Lula faces an uphill struggle – a damaged economy and a deeply divided country

Luiz Inacio Lula da Silva has achieved a remarkable political comeback by regaining the presidency of Brazil. His narrow victory, in the second round run-off, was the closest margin of victory in an election since Brazil reverted to democracy in the late 1980s. The result was 50.9% for Lula and…

Nottingham Post

Mortgages set to rise £6,700 a year after mini-budget crashed the economy

Many economists are saying that the Monetary Policy Committee is likely to raise interest rates again

Al Jazeera

US midterm elections: What are the key issues?

Economy, abortion rights, immigration and democracy are dominating political debates ahead of critical US vote.

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