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The Latest Breaking News from Economy

Brexit backer and Next boss Lord Simon Wolfson says it was ‘definitely not the Brexit I wanted’

‘We have got people queuing up to come to this country to pick crops that are rotting in fields….and we’re not letting them in’

Birmingham Post

Explainer-Blood, treasure and chaos: the cost of Russia's war in Ukraine

Russia's Feb. 24 invasion of Ukraine has left tens of thousands of dead, displaced millions and spread economic strife across the world.

Reuters

A Look at the Saudi Green Transition

As part of Saudi Arabia’s endeavor to build a greener future for all, the Kingdom is following a path that covers many axes, by applying the circular carbon economy model, investing in the green transition, enhancing cooperation and knowledge transfer efforts, and activating partnerships between the public and private sectors.…

Asharq Al-Awsat

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From Adani to climate change: What are the issues of apple growers this election season?

The apple belt is important to Himachal Pradesh’s electoral landscape. The apple crop makes up about 13 percent of the state’s economy. Early this year, apple farmers protested against increasing prices of cartons in which they sell their apples, GST, and also big corporations like Adani ‘lowering’ the prices. We…

Newslaundry

Wall Street surges and dollar tumbles as US inflation rate drops to 7.7% – as it happened

Dollar slides and stocks rally in New York on hopes that the Federal Reserve will slow its interest rate rises

The Guardian - UK

It’s the big issue of COP27 climate summit: poor nations face a $1 trillion ‘loss and damage’ bill, but rich nations won’t pay up

The costs of climate-related disasters are growing and the poorest countries are bearing the brunt of impacts, from the unprecedented floods in Pakistan to the expanding famine in Somalia. Natural disasters in 2022 alone cost the global economy an estimated US$227 billion.

The Conversation

Bay Area job cuts widen, affecting both tech company and airline workers

SAN JOSE, Calif. — Fresh employment cuts loom over the Bay Area’s uneven economy with a loss of hundreds of jobs due to shifting business needs for an airline and retrenchments for some high-profile tech companies.

Tribune News Service

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Call for stimulus as slowdown looms

The Thai economy, which is struggling to recover from the impact of the pandemic and the Russia-Ukraine war, likely faces a new slowdown as a global recession is expected next year, says the Federation of Thai Industries (FTI).

Bangkok Post

Kiatnakin economist sees bleak scenarios for 2023

Global economic volatility next year will affect the Thai economy, especially for small and medium-sized enterprises (SMEs) that have yet to recover from the impact of the pandemic, says Supavud Saicheua, adviser to Kiatnakin Phatra Financial Group.

Bangkok Post

Canada readies new Indo-Pacific strategy amid tense China ties

Canada will soon announce a new Indo-Pacific strategy to challenge China on human rights issues while cooperating with the world's second-biggest economy on climate change and other shared goals, Foreign Minister Melanie Joly said on Wednesday.

Reuters

Worsening health of Britons is holding back UK economy, Andy Haldane warns

RSA chief executive says century of progress now going into reverse after years of underinvestment

The Guardian - UK

3 Food Processing Dividend Stocks That Could Benefit From Food Shortages Driven By Russia-Ukraine War

With global supply chain shortages impacting nearly every sector of the economy in the past two years, will global food shortages worsen? As the U.S.

Benzinga

Disney is still on track for streaming profitability—but a storybook ending isn’t guaranteed

The worsening economy and sky-high losses add to concerns about Disney’s ability to make money off streaming.

Fortune

Whitmer pledges focus on Michigan economy after reelection

Democratic Michigan Gov. Gretchen Whitmer pledged to “hit the ground running” after winning her second four-year term

The Independent UK

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The Conversation

Rising unemployment: economists sometimes say it's good for the economy, but are they right?

Signs of a global economic downturn are growing by the day. Inflation is still going up, debt is up and interest rates are up, which means that projections for growth are down. Put simply, the proverbial something is close to hitting the fan.

The Independent UK

German economy to shrink in 2023, government advisers expect

The German government’s panel of independent economic advisers is forecasting that Europe’s biggest economy will shrink by 0.2% next year after growing by 1.7% in 2022

StockNews.com

3 Stocks You Can Buy to Supercharge Your Portfolio Right Now

The U.S. economy expanded in the third quarter, providing some relief amid the widespread recession fears. Moreover, with the latest job report showing an increase in unemployment, there are hopes of a slowing pace of rate hikes. We think this could be the right time to scoop up fundamentally strong…

Birmingham Post

Thousands of SMEs struggling with late payments, Sage research shows

40% of UK SMEs are consistently paid late, placing a negative impact on the whole economy

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WEKU

How Bangladesh went from an economic miracle to needing IMF help

Millions emerged from poverty in recent decades. But now, rising fuel prices, weak exports and scant remittances are sabotaging growth, and Bangladesh asked the IMF for $4.5 billion in loans.

Evening Standard

“I feel so burnt out all the time” - the disenfranchisement of Gen Z

A hostile jobs market, a tanking economy and a culture which tells them that they simply need to hustle harder to be their own brand — Gen Z is feeling disenfranchised. Kate Wills reports

The Guardian - AU

You can’t eat GDP: why Australian households are in for a massive, historic hit

Very smart people are nodding and suggesting the economy needs to slow to get inflation under control and, well, damn the consequences

Birmingham Post

County Durham jobs fund looks to next five years after early success

The Finance Durham Fund has created 200 new jobs and helped generate £30m for the local economy, a new report says

Tribune News Service

Editorial: The unbelievably high cost of government regulations

When talking about the economy, it’s easy to overlook a major drag on growth — regulations.

The Times of India

Micro review: 'Sisterhood Economy: Of, By, For Wo(men)' by Shaili Chopra

Journalist, entrepreneur, and founder of SheThePeople, Shaili Chopra is back with her new book 'Sisterhood Economy: Of, By, For Wo(men)'. In this book, Chopra tries to decode women's economy, how women are contributing to it, where is it untapped, and how their work approach and attitude can help uplift the…

The Independent UK

Virus lockdowns hit China economic powerhouse Guangzhou

A surge in COVID-19 cases has spurred lockdowns in the southern Chinese manufacturing hub of Guangzhou, adding to financial pressure that has disrupted global supply chains and sharply slowed growth in the world's second-largest economy

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