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The Latest Breaking News from Economy

People travel to Bangkok for many reasons such as shopping, nightlife, street food and restaurants, and cultural attractions. With a goal to add more charm to the capital, the Bangkok Metropolitan Administration (BMA) launched the campaign "Colorful Bangkok" in which art is used as a medium to attract tourists.

Bangkok Post

Fed to Weigh Higher Rates in 2023 While Slowing Rises This Month

Federal Reserve officials have signaled plans to raise their benchmark interest rate by 0.5 percentage point at their meeting next week, but elevated wage pressures could lead them to continue lifting it to higher levels than investors currently expect.

Bangkok Post

Jamie Dimon says Americans are spending all their money because of inflation—and that could tip the U.S. into a recession next year

The U.S. economy has been resilient this year despite the Federal Reserve’s aggressive interest rate hikes and high inflation, but JPMorgan Chase CEO Jamie Dimon warns “storm clouds” are still on the horizon.

Fortune

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read the most diverse news in one place.

Michael Pascoe: RBA on the precipice of its second big mistake

The RBA needs to chill to find out what it has actually done, Michael Pascoe writes.

The New Daily

2 Penny Stocks to Buy Before December Ends

The U.S. economy expanded in the third quarter of fiscal 2022 despite the Fed's aggressive rate hikes. Moreover, November's robust job data indicates the economy's resiliency. As uncertainties remain, investors should consider buying quality penny stocks ARC Document Solutions (ARC) and Good Times Restaurants (GTIM) instead of the pricey names…

StockNews.com

Chinese economic growth may never recover from COVID – here's why

Many countries have had to navigate the balancing act of keeping the economy alive versus protecting citizens from COVID in recent years. In China, patience with its zero-COVID policy – one of the world’s toughest strategies for dealing with the pandemic – are wearing thin among workers and students. Sporadic…

The Conversation

Tory economic mismanagement cost the taxpayer £40bn in six months, MSPs told

A HOLYROOD committee has been told that Tory mismanagement of the economy has cost the taxpayer £40 billion in just six months.

The National (Scotland)

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Coca-Cola and 3 Other High-Quality Stocks to Buy This December

Recent positive economic data indicate that the U.S. economy is not cooling despite the Fed’s aggressive monetary policy since March. This could prompt the Fed to continue its supersized rate hikes in the near term. Amid uncertainties, investors could consider buying rock-solid stocks Microsoft (MSFT), Coca-Cola (KO), Kroger (KR), and…

StockNews.com

Skills shortages are plaguing South Africa's economy - policy and social conditions must support their development

Many South Africans argue that the country has a skills crisis. An equal number question why it can’t sort this out by “adopting the German or Swiss approach”.

The Conversation

Explained: Why World Bank upgraded India's economic forecast for FY23

NEW DELHI: The World Bank on Tuesday revised upwards its GDP growth forecast from 6.5% for India to 6.9% for 2022-23, saying the country was showing higher resilience to global shocks.

The Times of India

Russia, mired in war, faces economic pain and attempts to isolate it

Russia's invasion of Ukraine plunged Europe into its biggest land war since World War Two, igniting a conflict that has killed thousands, displaced millions, pulverised Ukrainian cities and damaged the global economy.

Reuters

Why sanctions against Russia aren't working — yet

When sanctions were enacted against Russia in February of this year, many forecasts were of an imminent collapse in the Russian economy. A new report looks at why that hasn't happened.

WEKU

Editorial: Holiday sales show consumers feeling stressed, losing confidence

On the surface, the holiday retail season is off to a great start. Almost 200 million U.S. shoppers turned out in person and online from Thanksgiving Day to Cyber Monday, and holiday retail sales are expected to rise between 6% and 8% from last year to nearly a trillion dollars.…

Chicago Tribune

Race Equality Hub receives £2.3m funding boost

Addressing race inequalities could potentially add around £300m to the LCR economy each year

Liverpool Echo

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Daily Mirror

Boyfriend surprised by girlfriend's reaction after taking business class upgrade

A couple had a disagreement after they arrived for a five hour flight and the boyfriend was offered an upgrade to business class which he took without consulting his partner

Financial Times

Germany confronts a broken business model

Can the country’s industrial economy reinvent itself for an era without cheap gas from Russia?

The National (Scotland)

Growth in Scottish agritourism delivers £50 million boost to economy

SCOTLAND’S burgeoning agritourism sector is benefiting from a growing trend for buying locally-sourced food and drink, new research has revealed.

Reuters

China's Xi thanks late leader Jiang Zemin for ensuring party's survival from 'storms'

Chinese President Xi Jinping paid tribute to former leader Jiang Zemin on Tuesday for ensuring the Communist Party's survival from "political storms" and reforming it to inject new vitality and modernise the country's economy.

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news in one place.

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The Times of India

Call for peace to avert food, fuel & fertiliser crisis

UDAIPUR: There was strong convergence at the G20 meet here on Monday, among most member countries on the need for peace and harmony and an end to the war in Ukraine to ease the food, fuel and fertiliser crisis that is severely hurting the world economy.

StockNews.com

2 Stocks to Buy Now at Knocked-Down Prices

With steady growth in employment during November, slower but surer interest rate hikes by the Fed to fight inflation threaten to keep markets subdued and the economy sluggish next year. Therefore, it could be wise to load up on shares of businesses with robust demand and a stable growth trajectory,…

StockNews.com

The 3 Best Stocks to Start Your Portfolio off With

Despite the Fed’s hawkish stance, the U.S. economy grew in the fiscal third quarter of 2022, along with a resilient labor market. Moreover, an expected slowdown in future rate hikes has raised investors’ sentiment. Therefore, fundamentally sound stocks Coca-Cola Company (KO), Hershey Company (HSY), and Mosaic Company (MOS) could be…

The Guardian - UK

‘A yearning for change’: Starmer and Brown set out their policy stall

Present and past leaders on how a Labour government would act boldly to end Britain’s ‘perpetual crisis’ and devolve power

Fortune

Top economist Mohamed El-Erian says the Fed is still doing ‘too little, too late’ and warns there are ‘clouds on the horizon’

“Inflation remains a problem. Yes, it’s coming down, but it’s not coming down fast enough,” economist Mohamed El-Erian warned over the weekend, pointing to the stronger-than-expected jobs report as evidence.

AAP

Consumer confidence dip after Black Friday

The latest measure of consumer confidence has eased slightly but more people think it's the right time to buy a major household item.

StockNews.com

2 Stocks Wall Street Always Likes to Stick With

The Fed’s aggressive monetary policy stance has created widespread recession possibilities for next year. However, stable consumer spending and a hot labor market shows signs of a resilient economy. Amid this scenario, Wall Street favorites Microsoft (MSFT), and Merck & Co. (MRK) could be worth buying, considering their fundamental strength.…

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