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The Latest Breaking News from Economy

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.

Tribune News Service

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

Wales Online

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.

Fortune

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

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.

StockNews.com

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.

WEKU

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…

StockNews.com

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.

Al Jazeera

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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…

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

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

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Reuters

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.

The Independent UK

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’.

Bangkok Post

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.

The National (Scotland)

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.

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news in one place.

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Salon

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

The Times of India

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.

Caixin Global

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

Birmingham Post

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

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…

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