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The Latest Breaking News from Economy

Taliban failures speed up Afghan brain drain, battering an already crippled economy (Part I)

The mass exodus sparked by the August 2021 Taliban takeover compelled Afghanistan’s new rulers to issue a call for Afghans to stay and help rebuild the country. But after a year of Taliban rule, the economy is in tatters, confidence has been shattered, and Afghanistan’s best and brightest are not…

France 24

Like Thatcher, Truss wants radical change – but could she avoid a crisis?

Whether she or Rishi Sunak becomes prime minister, challenge looks as daunting as it did for James Callaghan in 1976

The Guardian - UK

Apple Committed to Supporting Saudi Arabia in Digital Transformation Plan

Esther Hare, Apple’s senior director of Worldwide Developer Marketing and executive sponsor of Women at Apple, underlined the company’s commitment to helping Saudi Arabia in its digital transformation plan. In an interview with Asharq Al-Awsat, Hare stressed that Apple was proud of the launch of its first regional academy for…

Asharq Al-Awsat

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Saudi Arabia, South Africa to Discuss Agreements on Technologies, Green Economy, Hydrogen

A senior South African diplomat said that negotiations were underway to sign cooperation agreements with Saudi Arabia that would cover various sectors, including agriculture, industry, green economy, climate and technology. In an interview with Asharq Al-Awsat, South Africa’s ambassador to the Kingdom, Mogobo David Magabe, said that his country was…

Asharq Al-Awsat

Yes, Africa's informal sector has problems, but the answer isn't to marginalise it

African leaders are increasingly aspiring to “modernise” their cities. That is to make them “globally competitive” and “smart”. The hope is to strategically position cities in Africa to drive the continent’s much-needed socio-economic transformation.

The Conversation

Abrams and Kemp chart rival economic strategies in Georgia

ATLANTA — Competing economic agendas from Gov. Brian Kemp and his Democratic challenger, Stacey Abrams, crystallized this past week as the two rivals issued strikingly different visions of how to tap state coffers bulging with billions of dollars in surplus money.

Tribune News Service

Chinese ambassador bullish over economic prospects on uni visit

Chinese Ambassador to Thailand Han Zhiqiang says the steady development of China's economy has injected precious positive energy into the world economy during its difficulties.

Bangkok Post

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Germany urged to cap heat in offices this winter to save gas

Germany’s economy minister says German businesses and public institutions should heat their offices no higher than 19 degrees Celsius (66.2 degrees Fahrenheit) this winter to help reduce the country’s consumption of natural gas

The Independent UK

11% growth over next decade could make India world’s second largest economy by 2031: RBI Deputy Governor

“Currently, India is the third largest economy in the world in PPP terms, with a share of 7% of global GDP after China and the U.S.,” says Michael Debabrata Patra.

The Hindu

Are ‘nationalistic’ TV shows in national interest? Here’s what the nation may want to know

Amid the Narendra Modi government’s ongoing Tiranga drive to mark 75 years of Independence, the chest-thumping by nationalistic anchors has only helped blare out more decibels for television’s latest noisy campaign.

Newslaundry

The Stats Guy: Why the cost of everything is rising and what we can do to ease the pain

I understand the tendency to hope rising the rising cost of living will come to an end before long. I fear this day is not coming anytime soon.

The New Daily

Stop talking here and there, answer why you ruined country's economy for friends: Sisodia to PM Modi

Delhi Deputy CM Manish Sisodia alleged the Centre has written off loans worth ₹10 lakh crore and gave ₹5 lakh crore tax exemption to Mr. Modi’s “friends”.

The Hindu

We asked the Chancellor why Wales is missing out on HS2 funding and the answers show they still simply don't get it

They ended the interview after we pressed him on the issue of rail funding in Wales

Wales Online

Xi Jinping faces stumbling blocks, as crucial Communist party meeting looms

At a time when he wants to project stability, China’s president is grappling with a long-term crisis over Taiwan, a faltering economy and ongoing Covid outbreaks

The Guardian - UK

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Daily Record

Economy Tsar visits Ayrshire to find out more about multi-million pound Growth Deal

Louise Macdonald got an update as she visited a number of key sites across the region.

The Guardian - UK

Tory leadership: Buckland first in cabinet to flip support from Sunak to Truss

Wales secretary says Truss ‘the right person to take our country forward’ and cites her emphasis on economy as he shifts from Rushi Sunak

Tribune News Service

News briefs

South Carolina Democratic gubernatorial nominee wants end of ‘geriatric’ politicians. Will it cost him help from Biden, Clyburn?

The Independent UK

First Cabinet minister switches sides to back Truss in race for No 10

Welsh Secretary Sir Robert Buckland said the Foreign Secretary’s plans offered the ‘best shot’ for the economy.

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The Canberra Times

Soap from fat? Art from plastic? Circular economy thriving ahead of waste strategy

Greens MLA Jo Clay launches zero-waste ideas ahead of Circular Economy strategy.

Axios

South Korean president pardons Jay Y. Lee, Samsung heir who was convicted of bribery

With his criminal record wiped, he can formally take the helm of the electronics giant at a critical time for South Korea's economy.

Asharq Al-Awsat

Timeline of Events in Afghanistan since Taliban Takeover

The Taliban's capture of Kabul on Aug. 15, 2021 brought the hardline movement back into power in Afghanistan nearly 20 years after they were toppled by the US invasion following the 9/11 attacks. The year since has been disastrous for the country. After the world cut off funding, Afghanistan’s already…

Al Jazeera

Samsung pardon exposes Koreans’ love-hate feelings for tycoons

Lee Jae-yong is the latest in a long list of South Korean business elites to receive clemency after white-collar crimes.

AAP

Potential for gig economy shake-up in Qld

Flagged changes for Queensland couriers could have implications for on demand delivery drivers as an argument brews about how best to regulate the gig economy.

Daily Mirror

Shocktober: 10 reasons October will be worst month for Brits in 40 years

The cost of living crisis is getting worse and October is set to be a tough month for millions of families. We explain all the key dates and events to be aware of, including when energy bills will rise.

Bangkok Post

Tourism-reliant economy likely gathered pace in Q2

BENGALURU: Thailand's economy likely grew at its fastest pace in a year last quarter, thanks to increased tourism as pandemic curbs eased, but the high cost of living and a slowdown in China pose threats to the outlook, a Reuters poll showed.

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