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The Latest Breaking News from Economy

IGCF to Kick Off in Sharjah to Discuss Role of Communication in Global Economy

The 11th International Government Communication Forum (IGCF) will kick off in Sharjah in the United Arab Emirates on September 28. The two-day event underlines the importance of the role played by government communication in global economic issues. It will address economic issues and ways to strengthen relations between various cultures…

Asharq Al-Awsat

WTO chief: World economy edging into recession

The head of the World Trade Organization (WTO) added her voice to a growing chorus of observers who see the global economy headed into a recession.

Bangkok Post

Virgin Atlantic chief: UK government should reverse course as pound slumps

Airline boss says weak sterling is hurting both the UK economy and consumers

The Guardian - UK

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Rayner warns ‘disjointed’ economy is crushing Britain’s ‘entrepreneurial spirit’

The deputy Labour leader makes the case for rewarding employers who want to do ‘the right thing’, so they can help promote ‘sustainable’ growth.

The Independent UK

Sudanese Head North to Egypt Seeking Brighter Future

At downtown Khartoum's al-Souq al-Arabi, travel agencies helping young Sudanese seek a brighter economic future in Egypt are replacing once-packed hardware stores in a corner of the capital's main commercial hub. The exodus reflects growing despondence over prospects at home, where the economy has been in free fall and the…

Asharq Al-Awsat

Texas Democrats try to convince voters they aren’t bad for oil and gas

Candidates like Beto O’Rourke and Mike Collier say they want to work toward a cleaner energy future but aren’t looking to eliminate the energy jobs that boost Texas’ economy.

The Texas Tribune

Premier Inn unveils St Ives hotel plans for care home site

The national chain said, if approved, the proposed hotel could create jobs and generate millions of pounds for the local economy

Birmingham Post

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Sterling recovers after dramatic fall but remains at historic low

After statements from the Bank of England and the UK Finance Minister Kwasi Kwarteng on Monday, the British pound recovered slightly on Tuesday morning but remained at its lowest level in decades against the dollar. All eyes will now be on the UK central bank's November meeting and a potential…

France 24

Entrepreneurial Scotland seeks to raise £75,000 to boost internship programme

New crowdfunding initiative launched to grow the foundation's 2023 scholarship scheme

Insider UK

Worried about the economy? Demand for these jobs is high and growing

Elsa Reaza was ready to leave her job when a friend suggested she apply for a housekeeping position at the Conrad, a new luxury hotel in downtown Los Angeles.

Los Angeles Times

A second Prime sale shows Amazon is nervous about the economy too

Holiday bargain shopping is starting extra early this year. And that could be good news for shoppers, even if it signals slightly worrisome things for the economy.

Los Angeles Times

Pound stabilizes but turmoil continues for UK economy

The British pound has stabilized in Asian trading after plunging to a record low, as the Bank of England and the British government try to soothe markets nervous about a volatile U.K. economy

The Independent UK

Billionaire Gautam Adani says China will feel increasingly isolated

Billionaire Gautam Adani said China will feel increasingly isolated as rising nationalism, shifts in supply chains and technology curbs threaten the world’s second-biggest economy.

The Times of India

Labour surges to largest poll lead over Conservatives in over two decades

A new YouGov survey suggests Labour has opened up a 17-point lead over the Conservatives - the greatest since the firm began polling in 2001.

Daily Record

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The Guardian - UK

Pouring cash into London to solve regional inequality? That’s trickle-down Trussonomics

The UK economy needs the rest of the country to help reverse decades of decline, says Guardian columnist Simon Jenkins

The Independent UK

Germany: pressure drops in second Russia gas pipeline

The German economy ministry says the Nord Stream 1 pipeline leading from Russia to Europe has reported a drop in pressure, only hours after a leak was reported in the Nord Stream 2 pipeline in the Baltic Sea off Denmark

The Guardian - AU

China growth lags Asia-Pacific for first time in decades as World Bank cuts outlook

East Asia and Pacific annual growth forecasts downgraded from 5% to 3.2% as China’s economy cools, largely due to zero-Covid policy

The Guardian - UK

Tuesday briefing: Three scenarios for the British economy after the pound slumps

In today’s newsletter: The Guardian’s special correspondent Heather Stewart talks us through the best, worst and most likely result of another chaotic day in the money markets

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Al Jazeera

Why is the British pound tanking as the US dollar soars?

Sharp fluctuations of major currencies inject new uncertainty into fraught global economic outlook.

Daily Record

Keir Starmer claims Labour is party of 'sound money' as Tories send the pound plummeting

Starmer will use his conference speech today to drive home the message that the Tories cannot be trusted to run the economy.

Bangkok Post

World Bank forecasts Thai GDP growth at 3.1% this year

Thailand's economy is expected to grow 3.1% this year, higher than a forecast in June of 2.9%, supported by private consumption and exports, the World Bank said on Tuesday.

Daily Mirror

UK lenders start withdrawing mortgage deals as pound plummets and economy shaky

Virgin Money, Halifax and Skipton Building Society have all withdrawn mortgage products in order to assess the market collapse following the Government's mini-budget last week

The Independent UK

Starmer takes aim at Tories as Labour buoyed by promising poll

The Labour leader will quote Sir Tony Blair to dub his party the ‘political wing of the British people’.

Los Angeles Times

Michael Hiltzik: Painful signs emerge that Fed is moving too far, too fast with aggressive rate increases

We have a term for the intentional infliction of pain on others: cruelty. So what are we to make of the Federal Reserve Board?

The Independent UK

Starmer to accuse Truss of ‘losing control’ of economy as he offers ‘fresh start’ for country

Labour leader borrows slogan from Tony Blair as he describes party as ‘political wing of British people’

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