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The Latest Breaking News from Economy

What are investment zones and will they boost the UK economy

Nick Bennett of Savills says while there will be legitimate concerns over displacement UK-wide zones could provide a significant boost to investment and job creation

Birmingham Post

Commentary: OPEC’s move to raise oil prices is all about Russia

On Wednesday, OPEC+ announced a dramatic reduction in production quotas, by 2 million barrels per day. According to oil ministers, the goal is to boost crude prices and “encourage investment” in the sector — making it sound like they are doing the world a favor. In fact, this is an…

Los Angeles Times

Xi Jinping’s bid to extend rule puts ‘zero-COVID’ exit in focus

The Chinese leader has given no indication that the upcoming party congress will herald a shift in pandemic strategy.

Al Jazeera

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Demand for Gold Increases in Saudi Arabia

The Saudi gold market is witnessing a stable supply amid increased demand, high market availability, and gold prices moving in unstable ranges due to the Russian-Ukrainian war. Gold prices in Saudi Arabia returned to their levels three years ago, positively affecting the demand for purchase, especially on pure gold coins…

Asharq Al-Awsat

MODON Establishes 50 Ready-Made Factories to Help Small Enterprises

The Saudi Authority for Industrial Cities and Technology Zones (MODON) constructed 52 new ready-made factories in the Second Industrial City in Dammam and the Industrial City in al-Kharj. MODON aims to enhance its strategy towards empowerment and contribute to increasing local content and localizing important sectors of the national economy…

Asharq Al-Awsat

Pitted against profits, Spain’s biodiversity haven collapses

Overexploited aquifer, coupled with too many dry years, sends Doñana National Park’s biodiversity into freefall.

Al Jazeera

Bank of England doubles down on bond deals as Chancellor Kwasi Kwarteng heads to IMF

Jitters about market and UK economy remain

Evening Standard

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America’s ‘weird’ economy isn’t working – can Democrats convince voters they can fix it?

Economy in focus: Phoenix’s economy appears to be booming – but wages are failing to keep up, and prices are spiralling. How do voters see it?

The Guardian - US

Relax, everyone! France has found a solution to the energy crisis

It’s called a jumper. If you’re not familiar with the concept, keep an eye out for photos of President Macron and his economy minister, Bruno Le Maire

The Guardian - UK

Internet Blackout Damages Iran’s Post, E-Commerce

The National Iranian Post Company announced Sunday it is assessing its profits as Iranian authorities continue to block access to mobile networks and communication platforms as a means to curb the raging protests. Iran restricted access to Instagram and WhatsApp despite warnings that internet blackout would disrupt the retail ecommerce…

Asharq Al-Awsat

Thai bond issuance to reach record $34bn this year - association

Thai bond issuance is set to reach a record high this year of 1.3 trillion baht ($34.46 billion) as borrowers race to lock in costs as the economy recovers, an industry body said on Monday.

Bangkok Post

Analysis-How China's Xi accumulated power, and why it matters in a third term

One of Xi Jinping's first moves after winning China's top job as general secretary of the Communist Party in 2012 was to reinstate regular "democratic life sessions" with fellow leaders in the 25-member Politburo, a staple of the Mao Zedong era.

Reuters

CSIRO developing roadmaps for regions to thrive in low-emission economy

The Towards Net Zero Mission will use science to support Australias regions and hard-to-abate industries, with the aim of supporting a profitable and sustainable transition to a low-emissions economy.

The Canberra Times

Ulster Bank PMI: Northern Ireland economy contracts further in September across the board

Inflationary pressures cited as main drag on business activity, even before market gyrations following Chancellor's mini budget

Birmingham Post

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The Guardian - UK

Cutting oil output risks global economy, warns US Treasury secretary

Janet Yellen’s comments come as figures show business activity declining across most UK regions

Bangkok Post

Bumpy road to recovery

Even as Thailand continues on its path to economic recovery in the fourth quarter, buoyed by tourism and domestic consumption, businesses are still unnerved by pressing challenges, including high inflation, a weaker baht, surging energy prices and flooding, which could hamper the rebound.

Bangkok Post

Huawei sets its sights on regional digital transformation

Global tech powerhouse Huawei Technologies is concentrating on digital infrastructure, sustainable development and a strong ecosystem as part of its strategies to deepen cooperation with Asia-Pacific nations, including Thailand, in boosting its digital power.

Tribune News Service

Taiwan's president to unveil economic policies, reaffirm democratic ties in National Day speech

Taiwan President Tsai Ing-wen will pledge to strengthen the island’s economy and deepen ties with democratic allies in a National Day speech on Monday, amid the risk of a global recession and after unprecedented military drills by China.

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Tribune News Service

Austrian president thwarts populist challengers for new term

Austrians handed President Alexander Van der Bellen a second term on Sunday, rejecting populist challengers in the nation’s first election since coronavirus lockdowns and the war in Ukraine upended its economy.

The Hindu

Why India Inc. is not taking a Hanuman leap

The one lever that the government could have pulled as it watched private investment decline was to step up public investment

The Guardian - UK

Liz Truss’s economic plans are more anti-growth than those of her critics

The Independent UK

Biden preaches patience to voters spooked by economic tumult

When it comes to reassuring Americans about an economy that's an election-year challenge to his party, President Joe Biden is telling the country to hold on

Newsroom.co.nz

Central banks stay the course as markets grow increasingly nervous

Oil prices surge 13 percent after dramatic supply cut by oil producing nations, putting new pressure on inflation and interest rates.

Daily Mirror

Spice Girl Mel C hits out at Tories' 'flipping disgrace' plans for the economy

'I can't get up on my high horse and start saying things, but I think any person with any morals can see what's going on isn't right', said the former Spice Girls star

The Hindu

India will stand out with 7% growth rate in FY23 amid global gloom, says EAC-PM member Sanyal

New Delhi Amid fears of the world slipping into recession, India will perhaps emerge as the stronges

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