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The Latest Breaking News from Economy

OPEC+ tries to keep oil above $90 with large production cut

OPEC+ agreed to cut its collective output limit by 2 million barrels day, stoking tensions with the U.S. as the cartel seeks to halt a slide in oil prices caused by the weakening global economy.

Tribune News Service

How China Trapped Itself

The CCP’s economic model has left it with only bad choices.

Foreign Affairs

OPEC+ agrees to cut oil production to boost prices

The OPEC+ alliance of oil-exporting countries on Wednesday decided to sharply cut production to support sagging oil prices, a move that could deal the struggling global economy another blow and raise politically sensitive pump prices for U.S. drivers just ahead of key national elections.

France 24

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Tory budget makes life harder for Scots, say top economists as recession predicted

Researchers at the Fraser of Allander Institute (FAI) have revised down their forecasts for the coming months and have predicted the economy will…

The National (Scotland)

Truss cut the most popular taxes -- this wasn't an accident, but it may be a mistake

The recent U-turn on cutting the top rate of income tax has shown that even a government willing to “do unpopular things” to grow the UK economy is constrained by the need for public support.

The Conversation

Construction waste is costly: what's causing it on South African building sites

The construction industry contributes significantly to a country’s economy through infrastructure development. The industry has expanded rapidly worldwide and further growth is expected.

The Conversation

India expands digital footprint but faces censorship and blackouts

In less than a decade, India's digital penetration has more than doubled to reach over 50 percent of its 1.3 billion residents. It's all part of PM Narendra Modi's ambitious plan to turn the country into a trillion-dollar digital economy. As a result, there has been a surge in social…

France 24

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Liz Truss vows to 'face down separatists who threaten to break up United Kingdom'

The Prime Minister pledged to "realise on the promise of Brexit" but made no specific mention of the Northern Ireland Protocol

Belfast Live

Early pension age increase not ruled out by Prime Minister Liz Truss

The Prime Minister deflected a question about an extra increase to the pension age and said she will 'do what it takes' to fix economy

Chronicle Live

Has Liz Truss done enough to save herself? Our panel’s verdict

The prime minister addressed the Tory conference as leader for the first time. What are the chances that it could be her last?

The Guardian - UK

Liz Truss doubles down on tax plan that sent UK economy into freefall

In a short speech to party members, the Tory PM tried to defend a set of proposals that will give more cash to corporations and bankers

Daily Record

Economy seen up 3.0 to 3.5% this year, says finance minister

The Thai economy is still expected to grow 3.0 to 3.5% in 2022, while a weak baht is helping exports, Finance minister Arkhom Termpittayapaisith said on Wednesday.

Bangkok Post

Voters must take Liz Truss’s ‘bitter-tasting medicine’ on economy, says foreign secretary

Terrible Tory poll numbers are ‘necessary blip’ – but support will come back, says James Cleverly

The Independent UK

Truss plans are ‘bitter-tasting medicine’ that will do UK good, says Cleverly

Foreign secretary backs PM on economy and calls Conservatives trailing Labour in polls a ‘blip’

The Guardian - UK

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Daily Mirror

Liz Truss to boast of 'disruption' in make-or-break speech as MORE Cabinet splits emerge

The Prime Minister will say 'disruption' is worth it to grow the economy in her first Tory conference speech as PM - as ex-PM Gordon Brown warned of a 'national uprising' and her Foreign Secretary slapped down her Home Secretary

Asharq Al-Awsat

Beijing Marathon to Return after 2-Year Covid Hiatus

Thousands of runners will line up for the Beijing marathon in November after a two-year Covid pause, organizers said, as sporting events gradually return to China. The world's most populous country has cancelled almost all international sports competitions since Covid emerged there in 2019, with the Beijing Winter Olympics in…

Manchester Evening News

Liz Truss has 'just over a week' to save her time as Prime Minister, senior Tory says

The Prime Minister will defend her 'new approach' in a speech today

Evening Standard

Liz Truss puts faith in growth plan to quell Tory opposition and save premiership

Prime Minister Liz Truss will use her first conference speech as leader to promise a ‘new Britain for a new era’

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The Independent UK

Can Biden save democracy one US factory job at a time?

President Joe Biden is working to create a manufacturing revival

The Independent UK

Truss puts faith in growth plan to quell Tory opposition and save premiership

Prime Minister Liz Truss will use her first conference speech as leader to promise a ‘new Britain for a new era’.

Insider UK

Scotland likely to enter recession as costs continue to rise

Fraser of Allander Institute analysis states that economy will contract next year, before rebounding in 2024

Bangkok Post

Economists urge caution for gloomy 2023

Thailand needs to prepare for global economic difficulties as they will intensify next year, according to economists.

Bangkok Post

FTI suggests retention of current policies

The Federation of Thai Industries (FTI) expects a new government formed after a general election next year to maintain policies that benefit businesses to help them survive in 2023.

Tribune News Service

Job openings in Washington grew rapidly this summer. That's not good news

This summer, more companies posted job openings in Washington state than almost anywhere else in the U.S., indicating inflation is likely to persist as labor shortages continue.

Bangkok Post

Shippers project 8% growth in exports

Thailand's exports should grow by 8% this year if China's economy recovers and the shortage of semiconductors eases, according to the Thai National Shippers' Council (TNSC).

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