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The Latest Breaking News from Economics

Indonesia issues emergency regulation to replace jobs law

Indonesia's President Joko Widodo signed an emergency regulation on Friday to replace a controversial job creation law that a court had ruled was flawed, arguing global economic uncertainty next year gives him a legal basis for such a move.

Reuters

2023 may be year of the volunteer amid ‘surprising enthusiasm’ from young people

One in six people aged 18-34 plan to start volunteering in 2023, according to a survey for Pro Bono Economics.

The Independent UK

MPI falls in November amid global economic slowdown

Thailand's Manufacturing Production Index (MPI) fell in November by 5.6% year-on-year to 95.11 points, the lowest in 15 months, as oil refineries were shut down for maintenance while a global economic slowdown began to affect exporters, says the Office of Industrial Economics (OIE).

Bangkok Post

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Why do the rich get richer — even during global crises?

Every 30 hours, the pandemic spawned a new billionaire, while pushing a million people into poverty. Here’s why.

Al Jazeera

Riyadh to Host First Gathering of Energy Economies in the Middle East

Preparations are underway in Riyadh to host the Energy Economics Conference, which is being organized by the International Association for Energy Economics (IAEE), for the first time in the Middle East and North Africa region. Under the slogan, “Pathways to a Clean, Stable and Sustainable Energy Future”, the conference will…

Asharq Al-Awsat

World economy is headed for a recession in 2023, researcher says

The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Center for Economics and Business Research.

Tribune News Service

Are nudges sinister psychological tricks? Or are they useless? Actually they are neither

Nudging – the idea that simple changes to how a choice is presented can lead people to make better decisions – has been one of the most popular ideas to emerge from economics in the past two decades.

The Conversation

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How Monopoly informs academia and economics, even when it's not obvious

At the top hat’s turn to roll, the dice land on ‘Chance’ and it’s a one-way ticket to Mayfair. Aged just ten years old, I won my first game of Monopoly, but I strangely didn’t feel a sense of joy. I was rich, very rich indeed. But I was the…

The Conversation

It's time to quit capitalism's obsession with growth. Focus on 'degrowth' instead, argues a growing movement in economics

“It seems that humanity is thriving and committing suicide at the same time,” noted author Ugo Bardi.

Fortune

Four in 10 families ‘unable to afford decent living standard’ by next election

Some 30.6 million people will not be able to afford essentials by December 2024, according to New Economics Foundation (NEF) estimates.

The Independent UK

EU's Gentiloni says Italy on track to meet reform timetable

Italy is sticking to the reform timetable required to access almost 200 billion euros ($210.6 billion) of European Union funding, European Economics Commissioner Paolo Gentiloni said on Sunday.

Reuters

Three-day Scottish economics festival will challenge Westminster jargon

GLOBAL economists and comedians will be heading to Dundee next year to discuss Scotland's place in a globalised economy at the first economic…

The National (Scotland)

PPRP bigwigs test Mingkwan

Mingkwan Sangsuwan, the former leader of the New Economics Party (NEP) who joined the ruling Palang Pracharath Party (PPRP) on Tuesday, faces a challenge from key figures within the party over its choice of prime ministerial candidates.

Bangkok Post

Mingkwan tipped to be PPRP's prime minister pick

Mingkwan Sangsuwan, former leader of the New Economics Party (NEP), who officially joined the ruling Palang Pracharath Party (PPRP) on Tuesday, is expected to be named one of its prime ministerial candidates.

Bangkok Post

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Wales Online

Package of bold bus and coach policies urgently needed to meet net zero

The WPI Economics report shows just how many benefits there could be by encouraging the use of public transport.

The Guardian - UK

Champions Cup’s success story eroded by model of free-market economics

Something feels out of joint with the European competition after introduction of South African teams and the unwieldy format

Bangkok Post

Mingkwan set for unveiling at PPRP

The former leader of the New Economics Party (NEP) Mingkwan Sangsuwan will join the Palang Pracharath Party (PPRP), where he is tipped to lead the party's economic team, said a source within the party.

Bangkok Post

Global goods trade forecast to shrink in 2023

The global goods trade will shrink next year in a downturn reminiscent of previous recessions, Oxford Economics said, in a worrying forecast for Asia’s export-dependent economies and beyond.

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Birmingham Post

Study calls for more North East investment in women's professional sport

The report from Irwin Mitchell and the Centre for Economics and Business Research champions the potential for the sports economy

Chicago Sun-Times

Ex-Obama adviser Goolsbee to lead Chicago Fed

Austan Goolsbee, an economics professor at the University of Chicago who is a frequent commentator in opinion columns and television appearances, will succeed Charles Evans.

Reason

Brickbat: Tiger By the Tail

A federal jury in Alabama has awarded Auburn University professor Michael Stern $645,837 in damages after finding Stern's former dean violated his First Amendment rights by punishing him for criticizing the high number of athletes in the school's public administration program in 2014. Stern was removed as chair of the…

Fortune

Finance employees see the future of work as hybrid, a study finds

A study by Women in Banking and Finance and the London School of Economics focuses on finance professionals in the U.K.

Reason

Hayek Was a True Liberal

A new biography tells the story of the economist’s early life and career.

Fortune

How Janet Yellen found her match in economics and life with husband George Akerlof

The treasury secretary's partnership with her husband has hugely influenced her rise to the most powerful woman in U.S. economic policymaking history.

The Independent UK

Rishi Sunak – live: Brexiteer Owen Paterson takes government to EU human rights court

MP claims lobbying investigation damaged his reputation unfairly

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