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The Latest Breaking News from Economy

German leader gathers employers, unions to tackle inflation

German Chancellor Olaf Scholz has gathered top employer and labor union representatives at his Berlin office to seek ways of addressing the impact of rising prices while preventing a spiral of inflation in Europe’s biggest economy

The Independent UK

Pakistan: how an economic crisis has sent prices rocketing

Pakistan’s current economic struggles exemplify the little fires everywhere set alight across the global economy by a war during a pandemic. Like others in countries dependent on imported commodities — for example Ghana and Sri Lanka — Pakistanis are seeing food and fuel prices soar. Foreign exchange reserves – used…

The Conversation

How news affects people's expectations and drives economic change

News of a big pay rise might see you booking the nearest fancy restaurant for a slap-up meal to celebrate, or encourage you to go on a shopping spree even before your raise hits your bank account.

The Conversation

From analysis to the latest developments in health,
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Editorial: Why the Original Intent of China’s Anti-Monopoly Law Is So Important

Fair competition is the soul of the market economy and the core of antitrust policies

Caixin Global

UAE Approves 22 Policies to Expedite Transition to Circular Economy

The United Arab Emirates approved on Sunday 22 policies aimed at expediting the country’s transition to a circular economy. The Circular Economy Council approved the policies proposed by its subsidiary, the Circular Economy Policies Committee, that focus on accelerating the implementation of the circular economy model in four main sectors…

Asharq Al-Awsat

Let’s Do London! New tourism campaign encourages UK tourists to capital

Buckingham Palace, Borough market and The Beatles are being used in a £2m promotional campaign aiming to encourage tourists from the rest of the country to visit London.

Evening Standard

Can we avoid a recession? What we can learn from the Kiwis

New Zealand property prices have fallen every month this year following a series of punishing interest rate hikes that began last October. So far, the hikes have yet to dent inflation.

ABC News

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Minaikher to Asharq Al-Awsat: Our Only Choice Is Supporting Political Solution in Yemen

Gulf Cooperation Council Ambassador to Yemen Sarhan al-Minaikher has been a witness to key developments in the war-torn country for years. In 2013, the young Saudi worked closely on the national dialogue. He witnessed the developments that followed and that impeded the political process in the country and resulted in…

Asharq Al-Awsat

WA Police Union claims mental health, not strong employment market, behind officer exodus

The West Australian government rejects claims by the Police Union that dissatisfaction is behind hundreds of officers leaving the force, instead saying it is a sign of the booming economy.

ABC News

Argentina has new economy minister after abrupt resignation

Argentina has a new economy minister just a day after the abrupt resignation of her predecessor shook the governing coalition at a time it was already having a crisis of unity

The Independent UK

Economic worries trump Covid

The highly transmissible BA.4 and BA.5 sub-variants of Omicron are keeping people alert to a possible outbreak, but Covid-19 may not be the most serious concern as the economy ambles forward.

Bangkok Post

Proposed culture avenue part of soft power push

The Ratchadamnoen Knowledge & Culture Avenue, expected to promote the creative economy and soft power, is scheduled for cabinet approval soon.

Bangkok Post

Recession Ireland: Majority of public believe we are heading for recession - poll

Almost four out of five people think the economy is heading for a slump

Dublin Live

Parents dipping into children’s savings to pay soaring bills, poll finds

Britons are lifting around £8.5m a day from their children as costs continue to soar, survey found

The Independent UK

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Reuters

Argentina president names new economy chief after shock Guzman exit

Argentine President Alberto Fernandez named economist and government official Silvina Batakis as the new economy minister late on Sunday after the abrupt resignation of long-standing minister Martin Guzman amid crises and tensions.

The Independent UK

Steel tariffs plan one of Boris Johnson’s ‘worst decisions’, says ex-trade minister Liam Fox

PM has put economy ‘at risk’ of tit-for-tat measures, says Brexiteer MP

The Conversation

Canada needs to build more affordable housing for newcomers

The relationship between newcomers and the Canadian economy involves three key pillars: job availability, a sufficient population of working age and affordable housing. All three pillars must be supported by the government — if one is missing, the entire system collapses.

The Times of India

Prayagraj: No. of registries jump manifold two years after Covid pandemic

Prayagraj: After two years of slowdown owing to the pandemic and phases of lockdown, the economy has started showing signs of recovery, the growing number of registries has indicated.

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Tribune News Service

Argentina Economy Minister Guzman resigns as divisions grow

Argentine Economy Minister Martin Guzman resigned Saturday, marking the biggest departure of President Alberto Fernandez’s government after infighting within the ruling coalition escalated.

The Independent UK

Argentine economy minister resigns amid peso, diesel woes

Argentina's economy minister has submitted his resignation at the end of a week in which the peso hit an all-time low against the dollar and truck drivers struck diesel shortages

Reuters

Argentina economy minister, IMF deal architect, quits as government crisis builds

Argentina's economy minister Martin Guzman, the architect of a recent major debt deal with the International Monetary Fund (IMF), resigned on Saturday as deep splits emerged in the ruling coalition over how to handle mounting economic crises.

ABC News

Gold Coast Marathon goes ahead for first time since 2019, with 20,000 entrants

The event is a $30 million boost for the local economy, with thousands of elite and recreational competitors travelling from interstate.

The Guardian - UK

If the economy needs sacrifices, it will be workers who are thrown to the wolves

It’s a time of national emergency, the Tories tell us. But restraint is not a matter for everyone

The Guardian - UK

Is it back to the 1970s for the UK economy? Yes, but not in the way you think

When Marc Bolan was urging us to Get It On, life in the UK was very different, but now, as then, pitiful levels of business investment make us all poorer

The Guardian - UK

Dashboard of decline: seven charts that explain Britain’s economic crisis

The UK looks set for a recession and a longer battle with inflation than many of its neighbours. This is why

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