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RARE PHOTOS: 5 - The Real Truth

China Widens COVID Curbs, Apple Factory Unrest Adds to Economy Worries

Chinese authorities imposed more restrictions on Wednesday to rein in a rapid rise in COVID-19 infections, adding to investors' worries about the economy just as fresh unrest at the world's largest iPhone factory highlighted the social and financial toll of these curbs. Across China, cities including the capital Beijing and…

Asharq Al-Awsat

Central banks to shift away from ‘jumbo’ interest rate rises as outlook darkens

Economists expect smoother monetary tightening as policymakers worry about damage to growth

Financial Times

Talking about house prices, for all the wrong reasons

City Voices: The next 18 months are going to be tough for homeowners

Evening Standard

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China COVID curbs hit iPhone output, shut Shanghai Disney

China's COVID-19 curbs forced the temporary closure of Disney's Shanghai resort on Monday, while production of Apple Inc iPhones at a major contract manufacturing facility could drop by 30% in November due to coronavirus restrictions, a source told Reuters.

Reuters

First-time buyers see hopes destroyed amid rising interest rates and higher rents

The property market is set to weaken from the bottom up as people struggle to climb onto the housing ladder, economists warn

The Independent UK

Pound falls as weak retail sales raise fears UK economy is in recession

On Black Wednesday anniversary, sterling hits 37-year low against dollar and 17-month low against euro

The Guardian - UK

The daunting economic challenges facing the UK’s next chancellor

Nadhim Zahawi’s successor will have to provide support as the country grapples with falling into recession

The Guardian - UK

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Millions again placed under Covid lockdown in China

China’s Guangzhou tightens Covid restrictions as infections hit big southern cities

Evening Standard

China places millions into Covid lockdown again as economy continues to struggle

Key cities of Shenzhen, Guangzhou and Dalian are under curbs again, amid protests and data showing factory slowdown

The Guardian - AU

House prices expected to fall by up to 12 per cent - find out how your area compares

The real-term shrinking of household income, coupled with costs and mortgage prices rising, will mean the current high number of property buyers will likely decline sharply

Daily Mirror

UK economy shrank in second quarter according to poll of economists – as it happened

Rolling live coverage of business, economics and financial markets as analysts weigh risk of recessions across the world

The Guardian - UK

Bank of England’s dire recession warning too ‘optimistic’ amid gas threat, economists say

‘If Russia were to completely cut supplies and we had a cold winter it would be a perfect storm’

The Independent UK

Eurozone inflation hits record 8.9% despite better-than-expected growth

Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices fueled by Russia's war in Ukraine, but the economy still managed better-than-expected, if meager, growth in the second quarter.

France 24

'Day by day': Trade bans, inflation send food prices soaring

As inflation surges around the world, politicians are scrambling for ways to keep food affordable as people increasingly protest the soaring cost of living

The Independent UK

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The Guardian - UK

Interest rates: the three central banks facing one tricky balancing act

In the fight against inflation the ECB, Bank of England and Federal Reserve risk either doing too much too soon, or too little too late

Financial Times

The global stagflation shock of 2022: How bad could it get?

The double blow of pandemic and war has caused inflation to surge and growth to slow around the world. But experts do not expect a return to the 1970s

Reuters

Chile faces pressure to increase spending despite high inflation, Bank of America says

Chilean President Gabriel Boric faces an economic slowdown and high inflation, which conflicts with his goal to expand social programs, and could increase pressure for more financial stimulus, according to a Bank of America report released on Thursday.

Al Jazeera

As Shanghai lockdown drags on, fears grow for global trade

China’s strict pandemic policies have shuttered factories and prevented ships from unloading and picking up cargo.

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Bangkok Post

Vietnam's Q1 GDP growth tops 5%

HANOI: Vietnam's gross domestic product grew 5.03% in the first quarter from a year earlier, official data showed on Tuesday, as the Southeast Asian country reopened more parts of its economy after relaxing coronavirus restrictions.

Wales Online

Britain needs 230,000 new homes a year for people to rent, claims study

Greater funding would support the 227,000 new privately rented homes needed per year, say economics consultancy firm

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