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The Latest Breaking News from Economy

Oil Climbs on China's Fuel Demand Recovery Hopes

Oil prices rose on Monday after China rolled over liquidity measures to help its pandemic-hit economy, igniting hopes for a better fuel demand outlook from the world's top crude importer. Brent crude futures rose 81 cents, or 0.88%, to $92.44 a barrel by 0642 GMT, recovering from a 6.4% fall…

Asharq Al-Awsat

UK to enter recession until summer 2023, experts warn

High energy prices, surging inflation, rising interest rates and global economic weakness to blame

Wales Online

New Chancellor Jeremy Hunt to make public announcement on Monday

Changes to the economy which were planned for the end of the month look set to be accelerated

Wales Online

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Economy in crisis, Tories in meltdown: how I have told the sad, strange story of Britain

Brexit, Johnson, Truss’s U-turns – I have tried to explain it all to a US audience. It’s been hard, says veteran foreign correspondent Stryker McGuire

The Guardian - UK

Bank of Thailand says gradual rate hikes appropriate for now

Thailand's economy will continue to recover this year and in 2023 and gradual interest rate hikes remain appropriate though the policy can be adjusted if the outlook shifts from forecasts, the Bank of Thailand said on Monday.

Bangkok Post

Will Liz Truss still be Prime Minister by the time you have finished this column?

There is complete political chaos, but it doesn't have to be this way...we can be saved by independence.

Daily Record

Nicola Sturgeon to lay out economic and currency plans for independent Scotland

The First Minister will deliver the Scottish Government's latest paper in the Building a New Scotland series.

Daily Record

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UK to be plunged into recession until summer 2023, economists warn

Britain’s economy is expected to shrink around 0.2 per cent each quarter from October through to June next year

The Independent UK

Goldman Sachs expects worse UK recession in 2023

Bank tips economy to shrink 1% in downgraded forecast, but also predicts lower inflation and interest rates

The Guardian - UK

Sturgeon: Independence ‘essential’ to build an economy that works for everyone

The First Minister is to set out the economic case for an independent Scotland on Monday in the latest independence paper.

The Independent UK

UK economy to enter recession until summer 2023, financial experts warn

Britain’s economy is expected to shrink around 0.2% each quarter from October through to June next year.

The Independent UK

Another Xi term sits well with business sector

The 20th National Congress of the Chinese Communist Party (CCP) started on Sunday in Beijing, with Xi Jinping likely to be re-elected as the country's president during meetings behind closed doors at the Great Hall of the People.

Bangkok Post

Surprise petrol price dip amid global fear

Motorists are seeing a mixed bag of petrol prices, with some retailers even charging less than the wholesale price, as global economic warnings abound.

AAP

Brazil to nominate ex-central bank governor Goldfajn for top IDB job -source

Brazil plans to nominate former central bank governor Ilan Goldfajn to head the Inter-American Development Bank (IDB), a person familiar with the matter said on Sunday, as Latin America's largest economy seeks to secure its first presidency of the institution.

Reuters

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Asharq Al-Awsat

Saudi Economy Ministry Launches Indicator to Monitor Private Sector’s Performance

The Ministry of Economy and Planning launched on Sunday a novel economic analysis index, known as MEPX, to monitor the performance of the Kingdom’s private sector, the Saudi Press Agency reported. MEPX is a leading indicator that has been designed and developed by the Ministry’s economic analysts to track ten…

ABC News

Treasurer Jim Chalmers warns of global economy's 'perilous path' ahead of federal budget

Figures released by the government, which are not expected to change before budget night, show the extent of Treasury's downgrades.

The Independent UK

UK economy is now an international punchline, claims Labour after Biden jab

Asked about Liz Truss’s original plans, the US president said: ‘I wasn’t the only one that thought it was a mistake.’

The Guardian - US

Paul LePage: is Maine ready to welcome back the ‘Trump before Trump’?

The Republican ex-governor was known for his offensive, belligerent attitude – but this time, he says he’s reformed

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Daily Record

Nicola Sturgeon says no other country is better prepared for independence than Scotland

The First Minister's comment comes as the Scottish Government is due to publish a paper on its plans for the economy and currency of an independent Scotland.

Evening Standard

‘Send off the clowns’ - Labour launches new attacks on Tories as party gears up for election

In two posters, Labour attacks the Government for damaging the UK’s standing on the world stage and hiking mortgages

Asharq Al-Awsat

OAPEC Says OPEC+ Decision is Correct and Came at Right Time

The Secretary-General of the Organization of Arab Petroleum Exporting Countries (OAPEC), Ali bin Sabt, said the OPEC+ decision to cut oil production is correct and was taken at the right time. In a press statement issued by OAPEC on Saturday, bin Sabt confirmed that the "decision took into account the…

Reuters

Xi says China will seek to lift birth rate in face of ageing population

China will enact policies to boost its birth rate, President Xi Jinping said on Sunday, as policymakers worry that an imminent decline in China's population could hurt the world's second-biggest economy.

WEKU

Xi signals continuity in his China Communist Party congress speech

Chinese leader Xi Jinping signalled his government would maintain policies that have put it at odds with the U.S. and other nations and deepened Communist Party control of the economy and society.

The National (Scotland)

'We're in the perfect position for independence,' says Nicola Sturgeon

FIRST Minister Nicola Sturgeon has said no country in history has been better prepared to become independent than Scotland.

The National (Scotland)

Wellbeing case puts Yes vote at 61 per cent, bombshell poll finds

SIX in 10 voters would back Yes if they were convinced an independent Scotland will deliver higher pensions and an economy based on the health and…

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