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The Latest Breaking News from Economy

Moroccan-American Commitment to Bolster Trade Cooperation

Moroccan Prime Minister Aziz Akhannouch held talks in Washington with Ambassador Katherine Tai, US Trade Representative. The meeting, which took place in the presence of the Minister of Economy and Finance, Nadia Fettah Alaoui, comes within the framework of the US-Africa Leaders Summit, which will be held on December 13-15…

Asharq Al-Awsat

The three major plans which will shape the future of Manchester

The move is expected to boost the city's economy and create new green spaces

Manchester Evening News

Work begins on innovative eco learning space

The new hub at West Lothian College will help the move towards a net zero carbon economy in West Lothian

Daily Record

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China-HK border will ‘fully reopen’ next month

The border between Hong Kong and mainland China is set to “fully reopen” early next month for the first time in three years, the South China Morning Post has reported, as the Communist Party rolls back Covid restrictions to bolster its faltering economy.

Bangkok Post

These strikes are telling us something: Britain’s era of low wages may be over

Higher salaries would boost the UK economy and bring us in line with many other rich countries, says Guardian columnist Andy Beckett

The Guardian - UK

Economy continues to recover but faces more challenges

Thailand's economy continues to recover, but faces more challenges with policy priorities to ensure a continued rebound, Bank of Thailand Governor Sethaput Suthiwartnarueput said on Friday.

Bangkok Post

US recession a growing fear as Fed plans to keep rates high

After scaling 40-year highs, inflation in the United States has been slowly easing since summer

The Independent UK

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California approves sweeping climate change strategy that’s short on details

SACRAMENTO, Calif. — California’s air quality regulators approved a much-disputed blueprint Thursday for meeting the state’s ambitious greenhouse gas reduction goals, focused on transitioning away from fossil fuels and toward widespread electrification of the economy.

Tribune News Service

Cabinet approves digital catalogue, big data institute

The cabinet has approved setting up the Thailand Digital Products and Services Catalogue, which contains a pool of qualified digital offerings available for state procurement as part of a push to support local digital businesses.

Bangkok Post

England's World Cup run boosts the country's economy by an eye-watering £2BILLION

England's run to the quarter finals of the World Cup in Qatar has earned more than £2 billion for the British economy, with Brits spending more than £1billion on food and drink alone

Daily Mirror

US jobless claims unexpectedly drop to lowest since September

Applications for US unemployment benefits fell last week to the lowest since September, another sign of resiliency in the labor market amid a weakening economy.

Tribune News Service

124 homes and playground proposed on site near riverside park

Developers say the new homes could contribute £3.3m to the local economy every year as well as £2.4m in council tax over ten years

Liverpool Echo

2 Stocks to Buy Now if You Think the Economy's About to Take a Hit

Despite rising recessionary concerns, consumers have been steadfast in their spending, supporting the consumer goods industry. Moreover, as this sector is considered a good recession hedge, investing in quality stocks, Procter & Gamble (PG) and Shiseido Company (SSDOY) could be wise. Keep reading….

StockNews.com

Scotland in recession and household incomes set to decline – fiscal commission

The country’s official forecasters said the economy was already in a recession and may not return to pre-recession levels until 2025.

The Independent UK

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The Conversation

Fungal toxins are widespread in European wheat – threatening human health and the economy

Wheat provides 19% of the calories and 21% of the protein consumed by humans globally. But a fungal disease called fusarium head blight (FHB), which can infect wheat crops and contaminate the grain with toxins, is on the rise.

The Conversation

What do politicians really think of economists? Our new research explains why relations fell apart after 2008

As countries across Europe and around the world grapple with high living costs and impending recession, voters are concerned about the economy and how their elected representatives will fix it.

The Independent UK

High inflation and efforts to tame it defined 2022 economy

At times, 2022 felt like the 1970s or early ’80s

Bangkok Post

ECB: Euro zone economy probably contracting

FRANKFURT: The euro zone economy may contract in the last quarter of this year and the first quarter of next year because of high energy prices, but it should still manage weak growth in 2023, the European Central Bank (ECB) said on Thursday.

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StockNews.com

2 Strong Buy Stocks You Should Never Sell

The Fed announced a 50-bps rate hike this week, stepping down from its 75-bps raises for four consecutive times. With cooling inflation and reduced interest rate hikes, the economy might succeed in avoiding a recession. However, as the market conditions are expected to remain uncertain with the Fed intending to…

Bangkok Post

China’s economy braces for more turmoil

BEIJING: Economic activity in China weakened in November before the government abruptly dropped its zero-Covid policy, while a surge in infections in coming months is likely to cause more turmoil and push policymakers to increase stimulus.

Insider UK

Bank of England raises interest rates to new 14-year high

Warnings that further interest rate rises are likely in the coming months to stabilise the economy

The Guardian - UK

Interest rates: UK borrowers are facing a serious reality check

Latest Bank of England rise offers little hope to generation of homebuyers weaned on ultra-cheap mortgages

StockNews.com

4 Stocks Investors Should Limit Their Exposure to This Winter

Following the release of lower-than-expected CPI data for November, the Fed raised the interest rate by 0.5%, as expected. However, the central bank indicated it would keep raising rates next year. Since the rising rates could slow the economy and keep the market volatile, avoiding fundamentally weak stocks Boeing (BA),…

The National (Scotland)

Bank of England raises interest rates to highest level for 14 years

THE Bank of England has raised interest rates to their highest level for 14 years, putting further pressure on mortgage holders.

The Independent UK

South Africa leader fights for political future over scandal

The president of South Africa is fighting for his political future in a dramatic reversal of fortunes for an anti-apartheid icon once admired for tackling the problems of Africa’s most developed economy

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