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The Latest Breaking News from Economy

As quickly as the S&P 500 (SPY) fell in September it has bounced as quickly to start October. Yet with inflation still raging, and the Fed likely to keep raising rates that also harms the economy...it becomes hard to get long term bullish at this time. So let’s discuss what…

StockNews.com

Here’s how Latino growth influences the economy and labor force

If U.S. Latinos were an independent country, their economic output would rank fifth in the world.

Tribune News Service

Economy and Society, October 4, 2022: Texas joins investigation over S&P’s use of ESG in credit ratings

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

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Ukrainian economy will shrink at rate eight times that of Russia, World Bank forecasts

Kyiv economy will contract by 35% in 2022, compared with a 4.5% fall in Russian GDP

The Guardian - UK

Bristol Tory group leader says new government deserves 'enormous credit' for Energy Price Guarantee

He did say, however, that the Prime Minister needs to "urgently address an obvious communications problem in her Downing Street team"

Bristol Post

How the tech giants are innovating to weather the looming downturn

Rising inflation and looming recessions are squeezing household finances, but businesses also worry about an economic downturn. This is not just because of higher bills, but also because consumers spend less and finance from banks and investors dries up when the economy worsens.

The Conversation

The lesson from the first round of Brazil’s election: Bolsonarismo is here to stay

Luiz Inàcio Lula da Silva will likely oust the president. Even if he does, a turbulent time in office awaits, says Latin America expert Christopher Sabatini

The Guardian - UK

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British Airways' economy, business and first class cabins compared - from legroom to meals

British Airways cabins reviewed included economy, premium economy, business class and first class on a long-haul journey - including legroom and in-flight meals

Daily Mirror

Capping Russia's oil profits could keep oil flowing to global markets at a reasonable cost while slashing Putin's war funding

The world as we know it cannot function without oil, giving oil-producing countries an advantage economists call market power. Nations that produce oil are able to set the price, while countries that rely on oil have little choice but to buy it at prices determined by the seller.

The Conversation

MPs want to dock Liz Truss and Kwasi Kwarteng's pay over 'gross mismanagement' of economy

The Liberal Democrats plan to table a censure motion calling for them to lose half of their additional salaries paid as part of their roles in Government

Wales Online

World Bank: Ukraine's war-torn economy will sink 35% in '22

Devastated by Russia’s invasion eight months ago, the Ukrainian economy will plunge 35% this year

The Independent UK

Liz Truss and Kwasi Kwarteng facing bid to dock their pay amid economic turmoil

LIZ Truss and Kwasi Kwarteng are facing a parliamentary bid to dock their pay following their “gross mismanagement” of the economy.

The National (Scotland)

A basic income grant for South Africa: more money in poor people's pockets, but at a heavy cost

Analyses of the implications of extending income support measures in South Africa, including a basic income grant, have focused on one of three things: how much it will cost, calculations about how much revenue would need to be raised (but without assessing the ripple effects), and how it might affect…

The Conversation

Tory Party conference latest LIVE: Liz Truss ally accuse fellow MPs of ‘coup’ over tax rebellion

It comes after Kwasi Kwarteng was forced into a humiliating U-turn on the 45p tax rate cut

Evening Standard

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Reuters

Argentina announces plan to boost tech exports

Argentina on Monday announced measures aimed at boosting technology exports to $10 billion in 2023, as it seeks to support growth of the "knowledge economy".

The Guardian - UK

Ukraine ‘must revamp labour laws and step up privatisation to fix economy’

President’s economic adviser says country must speed up reform of industries after Russia’s invasion

Wales Online

Tories seek to shift focus from economy after U-turn humiliation

The Government are turning their attentions to immigration and supporting Ukraine

Financial Times

China’s property crash: ‘a slow-motion financial crisis’

In the first part of a series, the impact of falling house prices is spreading to local government finances and the broader economy

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Daily Record

Douglas Ross has risen to the top of the Tory hit list

Douglas Ross has stood by and watched as the UK's economy has been sent into tailspin, and its time for him go, says Record View

The Guardian - AU

Jim Chalmers says he will make the ‘right decisions’ on stage-three tax cuts

Treasurer says while the government’s policy has not yet changed ‘any responsible government’ would be looking at global economic pressures

Reuters

Incumbent Legault's center-right CAQ party projected to win majority in Quebec -CBC News

The nationalist Coalition Avenir Quebec (CAQ) is on track to retain power in the mostly French-speaking Canadian province of Quebec, CBC News projected on Monday, after leader Francois Legault campaigned on protecting French and the economy.

Wales Online

Putin opponent sent to Russian army despite having no military experience

Municipal deputy Dmitry Baltrukov complained that the war in Ukraine has killed thousands of Russian soldiers and damaged the country's economy

Bangkok Post

Economy set to expand despite global recession

Thailand is expected to eke out annual economic growth of about 3% over the next two years despite a looming global recession, says Bangkok Bank economist Kobsak Pootrakool.

Bangkok Post

Analysts upbeat on investment outlook

Thailand's reopening would benefit the economy this year and next, spurring the Stock Exchange of Thailand (SET) to reach 1,685 points by year-end, a recent survey has found.

Reuters

Soccer-Informal workers at risk of exploitation in Qatar during World Cup - U.S. official

Workers in Qatar's informal economy are especially at risk of exploitation during this year's soccer World Cup and Doha must strive to prosecute human traffickers and identify their victims, U.S. Under Secretary of State Uzra Zeya told Reuters.

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