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The Latest Breaking News from Economy

Global economic developments expected to complicate outlook for Indian economy: Finance ministry report

NEW DELHI: Global economic developments are expected to complicate the outlook further for the Indian economy next year and there is a need to maintain vigilance on the external front, a finance ministry report said on Friday.

The Times of India

Challenges and opportunities: Scottish businesses round-up 2022 and look ahead to 2023

We've grouped together some business leaders to take the pulse of the economy this year and make predictions for what's next

Insider UK

What's in store for the Scottish economy in 2023

We asked a range of experts to weigh in on the prospects and trends for the nation's biggest industries

Insider UK

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

U.S. companies are turning to contractors and freelancers ahead of a recession

Companies are turning to freelancers and contractors ahead of a recession, but it's just the tailend of a gig economy boom.

Fortune

EU graft scandal 'worthy of Narcos' TV series, says bloc's commissioner

The corruption scandal rocking the European Parliament, in which suspects were found with suitcases full of cash, is like something out of crime drama television series "Narcos", EU Economy Commissioner Paolo Gentiloni said on Friday.

Reuters

Raimondo channels CEOs' case for holiday cheer

In an interview with Axios, she says CEOs are "reasonably optimistic" about the economy.

Axios

Macron Urges Lebanon to ‘Get Rid’ of Leaders Blocking Reforms

French President Emmanuel Macron called on Lebanon Friday to "get rid" of its political leadership who have for months blocked reforms vital to save its stricken economy. "The problem with Lebanon is that we must solve people's problems and get rid of those who cannot do it," Macron said, referring…

Asharq Al-Awsat

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Experts to Asharq Al-Awsat: Saudi Intellectual Property Strategy to Generate Initiatives, Attract Quality Investments

Saudi Arabia’s Crown Prince Mohammed bin Salman has announced the launch of the National Intellectual Property Strategy to support the Kingdom’s economy based on innovation and creativity.

Asharq Al-Awsat

Asian markets follow Wall St lower on inflation worries

Shares have fallen in Asia after a retreat on Wall Street driven by fears that strong economic data will lead the Federal Reserve to double down on its interest rate hikes to tame inflation

The Independent UK

Egypt’s Central Bank Raises Key Interest Rates by 300 bps

Egypt's central bank hiked overnight interest rates by 300 basis points on Thursday, warning that inflationary pressures were building, Reuters reported. The bank's Monetary Policy Committee (MPC) raised the deposit rate to 16.25% and its lending rate to 17.25%, it said in a statement. "The MPC judges that demand side…

Asharq Al-Awsat

NSW sets new emissions target to become 'engine room' of low carbon global economy

The New South Wales government is ramping up its fight against climate change by setting a new target to cut greenhouse emissions by 70 per cent by 2035.

ABC News

BLS upbeat on Thai stock market rebound next year

Bualuang Securities (BLS) is bullish on the Thai stock market outlook next year as the local economy is on the recovery path while inflation and interest rates are starting to moderate.

Bangkok Post

How life got pricier (and, yes, cheaper!) this year — in 7 charts

Boy, have we talked a lot about inflation. It affected every part of our lives (and the economy) in 2022. Here are some of its highest highs and lowest lows. (It wasn't all bad news!)

WEKU

3 Cheap Growth Stocks to Buy Before 2022 Ends

With the recent positive macroeconomic data, many analysts believe the economy will narrowly avoid a recession. Therefore, it could be wise to add cheap growth stocks ADT (ADT), Celestica (CLS), and Spok Holdings (SPOK) to their portfolios. Read on….

StockNews.com

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WEKU

North Korea has hacked $1.2 billion in crypto and other assets for its economy

North Korean hackers have stolen an estimated $1.2 billion in cryptocurrency and other virtual assets in the past five years, more than half of it this year alone, South Korea's spy agency says.

Wales Online

Plan decided on how tourism will transform Bridgend

The plan intended shape a thriving visitor economy in Bridgend will run from 2022 to 2027

The Independent UK

Lebanon's financial pains eased by remittances over holidays

A severe economic crisis in Lebanon has sapped the savings of millions of residents

The Independent UK

US economy grew 3.2% in Q3, an upgrade from earlier estimate

Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September, the government reported Thursday in a slight upgrade from its earlier estimate of third-quarter growth

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Asharq Al-Awsat

Lebanon PM Says Sweeping Reforms Still Needed despite Return to Growth

Lebanon's caretaker Prime Minister Najib Mikati said Thursday that sweeping reforms remain vital to rescue the stricken economy, despite a return to modest growth this year. Mikati said the economy had grown by nearly two percent in 2022 after two straight years of severe recession that saw Gross Domestic Product…

Fortune

It's time to quit capitalism's obsession with growth. Focus on 'degrowth' instead, argues a growing movement in economics

“It seems that humanity is thriving and committing suicide at the same time,” noted author Ugo Bardi.

Asharq Al-Awsat

Saudi Crown Prince Launches National Intellectual Property Strategy

Prince Mohammed bin Salman, Crown Prince, Prime Minister and Chairman of the Council of Economic and Development Affairs, launched on Thursday the National Intellectual Property Strategy (NIPST). One of the enablers for achieving the objectives of Saudi Vision 2030, NIPST aims to build an intellectual property ecosystem that supports innovation…

The Independent UK

China's Li praises Hong Kong leader for reviving economy

Chinese Premier Li Keqiang has praised the Hong Kong government’s efforts in revitalizing the economy as it rolls back COVID-19 restrictions, in a meeting with the territory’s leader in Beijing

Evening Standard

UK economy shrank ‘more than thought’ up to September putting it last among G7 nations

Growth has been weaker than estimated throughout much of the past year

The Independent UK

Tories accused of ‘losing control of the economy’ as figures show it shrinking faster and worst in G7

Revised figures show the UK is slipping even further from its pre-pandemic level

WEKU

Investors prefer bonds: How sleepy government bonds became the hot investment of 2022

Treasury bonds paid out much more than usual this year. That's great for investors, but could spell trouble for the government.

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