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The Latest Breaking News from Economy

How a Potential Recession Could Impact the Markets

A raging debate is brewing on Wall Street about whether a recession is imminent for the economy. In today's commentary, I want to give my take on this matter. (Spoiler Alert: Yes, I think a *technical* recession is likely). Then, talk about why this debate is rather unimportant and more…

StockNews.com

Germany changing its China policy with higher priority for human rights, says minister

Germany is changing the way it deals with China and will give higher priority for human rights issues, Economy Minister Robert Habeck said on Tuesday, following fresh media reports about human rights violations in the Xinjiang Uyghur Autonomous Region.

Reuters

Michael Pascoe: Opportunity knocks for Australia in China

I suspect Anthony Albanese will be a better PM than he was Opposition Leader – his talents more suited to making things work than tearing things down.

The New Daily

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Chinese Social Media Weibo Bans Another Business Leader After He Questions China's Zero Covid Policy

Weibo Corp (NASDAQ:WB) banned Trip.Com Group Limited (NASDAQ:TCOM) co-founder and Chair James Liang for alleged violation of laws, Reuters reports. The social media company neither elaborated on the violation nor cited the reasons behind the ban. Liang had recently questioned the wisdom of the country's zero-COVID strategy as the country's Presidential election draws closer. Also…

Benzinga

Cambodian minister ‘believes’ full reconciliation with US to come

FRANCE 24 interviewed Kao Kim Hourn, Cambodia's minister delegate to Prime Minister Hun Sen, from the World Economic Forum in Davos. Hourn said he believes a full reconciliation with the US will occur. He affirmed that no Chinese military base has been established in Cambodia, and said that China does…

France 24

Ukraine invasion may be start of ‘third world war’, says George Soros

Veteran philanthropist tells World Economic Forum civilisation ‘may not survive’ what is coming

The Guardian - UK

In Asia, Biden pushes values he struggles to sell at home

Joe Biden spent his first presidential trip to Asia strengthening economic and military commitments

The Independent UK

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Govt's punt on cutting emissions must be transparent

The official plan to cut emissions leaves businesses and vehicle owners with a choice - pay up for their emissions or take advantage of incentives to decarbonise. No one yet knows which way the

Newsroom.co.nz

Student loan forgiveness unlikely to boost the economy

The Biden administration has been considering a plan to cancel at least $10,000 of federal student-loan debt. President Biden promised something of the sort during the 2020 presidential campaign. And with about 45 million current and former students carrying $1.76 trillion in debt, some sort of debt forgiveness is appealing…

Los Angeles Times

Andhra Pradesh CM bats for decarbonised economy in Davos

Jagan invites global players to tap State’s potential of producing green energy

The Hindu

Is Tencent Past the Worst as Government Sends Easing Signals?

Key Takeaways: Tencent reported its first quarter profit fell 22.9%, but the market believes the worst is past after Beijing’s recent end to its freeze on new game approvals

Benzinga

Nine Lebanese Banks to Withdraw from Cyprus, Official Says

Nine Lebanese banks are shutting down their operations on the Mediterranean island of Cyprus, a representative of the Cyprus Central Bank said on Tuesday. The banks will close their branches on the island within a period of time that will allow them to wind down operations in an orderly fashion,…

Asharq Al-Awsat

Sunak faces calls for help with living costs as budget deficit lower than forecast

Tax receipts are weaker than expected, revealing impact of UK’s slowing economy

The Guardian - UK

Inflation still low 'compared with others': Arkhom

Thailand's inflation is still relatively low and manageable as the economy recovers gradually and more foreign tourists return, the finance minister said on Tuesday.

Bangkok Post

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Asharq Al-Awsat

ICT Sector Could Contribute $53 Bln to Saudi GDP in 2022

The information and communication technology (ICT) sector’s contribution to the Saudi GDP reached SAR 146.9 billion ($39 billion) during the past year, with predictions it could reach SAR 200 billion ($53 billion) in 2022, a recent report revealed. Published by the Research and Information Center of the Chamber of Commerce…

France 24

Davos 2022: EU eyes ban on Russian oil as leaders discuss energy independence

With world leaders at Davos set to discuss energy independence and sustainability, Germany's economy minister says an EU ban on Russian oil could be "days away". Meanwhile, supply chain disruptions to the world economy are also on the agenda. FRANCE 24's Business Editor Kate Moody reports from the Swiss Alps.

Asharq Al-Awsat

Saudi Arabia, US Ink Deals to Establish Joint Centers in Emerging Technologies

The King Abdulaziz City for Science and Technology (KACST) signed several cooperation agreements with American research and academic bodies to establish centers of excellence in emerging technologies and implement strategic projects that enhance economic growth in the Kingdom and achieve its ambitious vision of transformation towards an innovation-based economy. The…

Daily Mirror

'Hunched' Vladimir Putin fidgets and twitches through meeting fuelling cancer rumours

Ailing tyrant Vladimir Putin fidgeted and twitched while discussing the Russian economy with Belarusian President Alexander Lukashenko - who has been branded Europe's last dictator

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Bangkok Post

Taiwan goes from 15,000 cases for all 2021 to 80,000 a day

TAIPEI: Billed a Covid-19 success story as its economy boomed through the pandemic, Taiwan is now battling a record wave of infections as it eases restrictions that had kept outbreaks at bay to start life with the virus.

Reuters

Taiwan kept COVID below 15,000 cases for all 2021. Now it has 80,000 a day, testing its 'new model'

Billed a COVID-19 success story as its economy boomed through the pandemic, Taiwan is now battling a record wave of infections as it eases restrictions that had kept outbreaks at bay to start life with the virus.

Asharq Al-Awsat

Saudi Finance Minister Expects 7.4% Growth in 2022

Saudi Finance Minister Mohammed al-Jadaan announced that the Kingdom expects a 7.4 percent growth in 2022. Speaking at a panel on the economic outlook for the MENA region at the World Economic Forum in Davos (WEF), Jadaan explained that Saudi oil GDP would grow 19 percent this year due to…

France 24

Davos 2022: International community 'must do more' on food, energy crises

The 2022 edition of the World Economic Forum is largely focused on Russia's war in Ukraine and its implications for the global economy. As food and fuel prices soar and shortages loom, the head of the UN Development Program, Achim Steiner, tells FRANCE 24's Business Editor Kate Moody that the…

Al Jazeera

China pledges support for ailing economy, analysts doubt impact

Beijing says it will roll out additional tax cuts and postpone social security payments for firms to support growth.

Evening Standard

FTSE 100 Live: Snapchat warning hits shares, April UK borrowing at £18.6bn

The owner of Snapchat added to US economy concerns last night by warning that it will miss earnings forecasts for the current quarter.

The Independent UK

AP-NORC poll: Economy grows as priority on Russia response

Americans are becoming less supportive of punishing Russia for launching its invasion of Ukraine if it comes at the expense of the U.S. economy, a sign of rising anxiety over inflation and other challenges

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