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The Latest Breaking News from Economy

Rishi Sunak, predictor of chaos, takes another tilt at No 10

The ex-chancellor lost out to Liz Truss in the last leadership contest just six weeks ago after warning her tax plans would bring turmoil.

The Independent UK

Penny Mordaunt denies speaking to Johnson camp over possible deal

‘You have to have stability in order to deliver low tax and you have to have low taxes in order to grow the economy and create that stability’

Evening Standard

Nigeria’s 2023 budget is a plan of despair and won't change the tempo of the economy

Nigeria’s 2023 budget, recently presented by President Muhammadu Buhari to the National Assembly, has generated a furore.

The Conversation

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4 ways companies can strengthen their boards to make it through tough economic times

South Africa’s economy is struggling. A number of factors are behind the decline. These include severe power cuts which are taking their toll on all spheres of the economy, rising inflation, increases in food prices, the effects of the Ukraine-Russia conflict, which has resulted in higher fuel and energy costs…

The Conversation

Xi cements his power at Chinese Communist Party congress – but he is still exposed on the economy

Xi Jinping’s clean sweep in elevating trusted allies to the commanding heights of the Chinese Communist Party is a political outcome that has implications beyond China’s borders.

The Conversation

"Manchester should have the same as London": Could 'night trams' finally be coming to Greater Manchester?

The M.E.N's Tom George reports on the question

Manchester Evening News

Cost of living, homes, transport... leaders on Greater Manchester's urgent issues new Prime Minister must tackle - and soon

Local leaders outline the big issues in the region that Liz Truss' replacement needs to urgently address

Manchester Evening News

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Donald Trump energizes South Texas voters ahead of early voting as Republicans predict red “tsunami”

Trump rally attendees said they were basing their midterm votes on issues such as the economy and the border and were hopeful Trump would run for president again.

The Texas Tribune

Japan's stimulus plan must exceed $100 billion, says ruling party executive

Japan's promised economic stimulus must be big enough to exceed the economy's output gap of about 15 trillion yen ($100 billion), a senior ruling party official said on Sunday.

Reuters

Political toss-up: Luria, Kiggans are ‘deadlocked,’ poll finds

NORFOLK, Va. — A little more than two weeks before Election Day, one of Virginia’s most closely watched races is in a deadlock.

Tribune News Service

Brazil’s Bolsonaro to keep Guedes and other ministers if elected

Brazilian President Jair Bolsonaro, who is gaining ground on his left-wing rival ahead of an Oct. 30 election, said the economy is ready to “take off” and that he plans to keep his current Cabinet if he wins.

Tribune News Service

Families paying more than £530 extra on mortgage due to Liz Truss, says Labour

Labour's Lisa Nandy MP said thousands of families will see their mortgage payments skyrocket because the Conservatives 'crashed the economy'

Wales Online

Passenger booted off flight after she ordered cabin crew not to LOOK at her

Daniele De Matos became hostile towards the air stewards after she was mistakenly put in an economy seat rather than business class on the flight from Sydney to Hawaii

Daily Mirror

'Only a general election can let British people choose their destiny after Tory chaos'

Liz Truss trashed the economy and her party. British people now want not just a change of leader, but a change of government - and only a general election can deliver that

Daily Mirror

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Daily Mirror

'Britain needs a fresh start - Tories have trashed our institutions and economy'

Labour Party Deputy Leader Angela Rayner says needs a fresh start and a general election. After all the Tory chaos, the country should not face the return of Boris Johnson

The Times of India

2022 T20 World Cup: Bowlers who performed well in T20Is this year

As the Super 12 stage of the ongoing T20 World Cup progresses in Australia, the real test begins for the bowlers since they will be in the firing line in front of marauding top class batters of the world.

AAP

Gloomy backdrop for first Albanese budget

The Labor government is handing down its first budget at a time of economic turbulence. Here's why that matters.

Daily Mirror

7 ways Britain is falling apart while the Tories squabble amongst themselves

While the Tories spat about whether to put Boris Johnson back in Downing Street, the nation is creaking at the seams in the NHS, food banks and the wider economy

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Reuters

Factbox-Key ministers in new Italian Meloni government

Italian Prime Minister Giorgia Meloni's government was sworn into office on Saturday. Her cabinet was made up of 24 ministers. Here the profiles of some of the key figures:

Wales Online

Boris Johnson 'booed' by passengers as he flies to UK in economy

'Fellow economy passengers were positioning themselves for selfies,' said a Sky reporter

WEKU

China's Communist Party moves to solidify Xi Jinping's power in leadership shuffle

Two notable members were removed from the upper leadership ranks. The congress also approved the addition of new wording to the party charter that cements Xi's role as the so-called core of the party.

Radio France Internationale

Italy’s far-right Meloni becomes country’s first woman to lead government

Far-right leader Giorgia Meloni was named Italian prime minister on Friday, becoming the first woman to head a government in Italy. Her appointment is an historic event for the eurozone's third largest economy and for the Brothers of Italy party, which has never been in government.

Asharq Al-Awsat

Saudi Minister of Energy Meets Indian Officials in New Delhi

Saudi Minister of Energy and Chairman of the Ministerial Committee for Economy and Investment in the Saudi-Indian Strategic Partnership Council arrived in India on Friday. During the visit, Prince Abdulaziz bin Salman bin Abdulaziz held meetings with Indian Minister of Commerce and Industry Piyush Goyal, Minister of Petroleum Hardeep Singh,…

Daily Mirror

UK economic outlook downgraded to 'negative' amid chaos after Liz Truss resignation

The ratings agency Moody's says the downturn is due to the political instability and high inflation in the aftermath of PM Liz Truss' resignation in a report published last night

Evening Standard

Political instability sees UK economic outlook downgraded by ratings agency

Moody’s said the change in outlook was driven by ‘heightened unpredictability in policymaking’.

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