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The Latest Breaking News from Economy

Editorial: China Law Against Unfair Competition Should Have Lofty Goals

Ideally, this latest draft revision should go beyond regulating businesses and also set rules for how the law is enforced

Caixin Global

China's Covid protests lead to uncertainty on stock markets

Nationwide protests against China's zero-Covid policy have left investors concerned about the outlook for the country's economy. On Monday morning, both the Shanghai Composite and Hang Seng in Hong Kong were posting losses. The price of oil was also affected, on the assumption that Chinese demand for crude will be…

France 24

Longer life for N-plants eyed

A draft explaining the direction of the economy ministry's nuclear policy and its action plan was presented to a panel of experts on Monday. The draft would effectively allow nuclear power plants to operate beyond the current upper limit of 60 years.

The Japan News/Yomiuri

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Tour of Britain boosts Nottinghamshire's economy by over £4million

Nearly a quarter-of-a-million spectators attended the event

Nottingham Post

Japan Births at New Low as Population Shrinks and Ages

The number of babies born in Japan this year is below last year’s record low in what the top government spokesman described as a “critical situation.” Chief Cabinet Secretary Hirokazu Matsuno promised comprehensive measures to encourage more marriages and births. The total of 599,636 Japanese born in January-September was 4.9%…

Asharq Al-Awsat

LFC Foundation delivers £8m boost to help 83,000 people in one year

Details from the LFC Foundation's second-ever social impact report as the charity is credited with directly delivering £8m into the local economy

Liverpool Echo

What people are saying about the COVID-19 protests in China

Residents in some major Chinese cities took to the streets at the weekend to protest strict zero COVID-19 restrictions, some calling for President Xi Jinping to step down in scenes unprecedented since Xi assumed power a decade ago.

Reuters

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Editorial: The war on Russia’s economy is working

Nine months into Russian President Vladimir Putin’s war in Ukraine, the damage done to the world’s 11th-largest economy is extensive. Leading Russian banks have been cut out of the global financial system, some $300 billion of central bank reserves are frozen, and hundreds of foreign companies have departed. Parts shortages…

Tribune News Service

‘Very proud’: Indonesia makes mark in Qatar with official ball

Al Rihla, the official match ball for Qatar 2022, is being manufactured in Indonesia’s East Java province.

Al Jazeera

TCC urges provincial push

The Thai Chamber of Commerce (TCC) and Board of Trade of Thailand on Sunday urged the government to speed up investment in provincial development projects to revitalise the economy.

Bangkok Post

Post-Brexit trade deal with Japan branded failure as exports plummet

The agreement, signed by Liz Truss in October 2020, was hailed as "historic" and Ms Truss claimed it would add billions to the UK economy - but now Labour has hit out at ministers

Daily Mirror

The planetary emergency we must avoid (spoiler alert: it’s not climate change)

Rather than expanding our renewable electricity production and developing an EV fleet, a degrowth approach would be to initiate a massive energy conservation programme and investing in cities where we can live, work and play within 15 minutes' walking or biking.

Newsroom.co.nz

Canada to boost defence, cyber security in Indo-Pacific policy, focus on 'disruptive' China

Canada launched its long-awaited Indo-Pacific strategy on Sunday, outlining spending of C$2.3 billion ($1.7 billion) to boost military and cyber security in the region and vowed to deal with a "disruptive" China while working with it on climate change and trade.

Reuters

Life’s tough for small business owners, but forced tipping is a bad idea

There are many ways to tackle rising costs and a slowing economy – but automatic gratuity is not one of them

The Guardian - US

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The Guardian - UK

Rail chaos puts UK on track for some serious economic damage

Good connectivity is the lifeblood of a modern, thriving economy – so how much is the ongoing disruption costing UK plc?

The Guardian - UK

Senior Tories demand Sunak ditches ‘mindless’ crackdown on overseas students

David Willetts, Jo Johnson and Chris Skidmore say embattled PM’s move will hit economy and levelling up

The Guardian - UK

Britons have wised up to the benefits of immigration. It’s about time politicians did too

Migrants are increasingly seen as playing a key role in our economy, yet MPs of all stripes don’t seem to have caught up with the voters

The Guardian - UK

Brexit has made Britain the sick man of Europe again

The EU did wonders for the economy: that was why we joined. Our departure from it is now all too obviously costing us that prosperity

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Bangkok Post

Apec, China reopening could boost growth to 4%

Thailand's economy is expected to grow by 3-4% next year, growth supported by the tourism industry and as an outcome of the Asia-Pacific Economic Cooperation (Apec) summit, a seminar was told.

Bangkok Post

S&P solid BBB+ rating a 'good sign'

The government welcomes the latest decision by S&P Global Ratings (S&P) to maintain Thailand's sovereign credit rating at BBB+ and rates the country's economic outlook as "stable", saying these outcomes are evidence of how effective the government's economic stimulating policies have proven to be.

Daily Mirror

Nick Clegg sends son to £22k school after branding private education 'corrosive'

While he was Deputy Prime Minister, Sir Nick said the "rift" between state and private schools was "corrosive for our society and damaging to our economy"

Daily Mirror

Tories 'abandoning families' as 1,600 children's centres close in a decade

Shadow Education Secretary Bridget Phillipson said the centres were a “lifeline” for families - and warned more closures were sure to follow after the Tories “crashed the economy”

The Guardian - AU

Conflict of interest: have low cash rates created the ‘everything bubble’?

In new book The Price of Time, economist Edward Chancellor explores the role central banks have played in the snowballing challenges of the past quarter century

The Guardian - AU

Queensland faces ‘significant’ wellbeing decline if it doesn’t quickly transition to renewables, report says

Deloitte warns that the biggest risk to jobs in the state is a carbon-fuelled economy

The Guardian - UK

Baby boom: why funding childcare properly will boost the UK economy

Britain has a labour shortage and parents who want to work: but the cost of childcare they need to do so often exceeds their pay

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