Jeremy Hunt outlined a £55 billion ($65 billion) package of tax rises and spending cuts for the UK to plug a hole in the nation’s finances and restore confidence among investors.          The Chancellor of the Exchequer hit the wealthy with higher taxes on wages and dividends and extended a windfall tax on oil and gas companies, telling the House of Commons on Thursday that he was prioritizing “stability, growth, and public services.”                “We take difficult decisions to tackle inflation and keep mortgage rates down,” Hunt told lawmakers as he unveiled his Autumn Statement — a budget in all but name. “But our plan also leads to a shallower downturn; lower energy bills; higher long-term growth; and a stronger NHS and education system.”              Prime Minister Rishi Sunak’s government is pushing through the measures to restore confidence among investors in Britain’s ability to pay its way after a disastrous experiment with deep tax cuts by his predecessor, Liz Truss.

          The COVID-19 pandemic has affected the world economy, especially the export-import sector affected by the COVID-19 curb and lockdown. After that, some countries have eased with the COVID-19 curb and the economy is recovering, but unfortunately, at the beginning of this year Russia attacked Ukraine, hence western nations sanctioned financial of Russia, then Russia responded by stopping the supply of gas and oil to western nations. Moreover, this year every country has faced a hike inflation rate which is the main factor of economic growth. All of these actions have affected the world economy.           The economic outlook for 2022 in Southeast Asia, The Asian Development Bank (ADB) reported that the 2022 growth projection for Southeast Asia is 5.1% from 4.9%, as consumer spending in Indonesia, Myanmar, and the Philippines enlarged after the government has eased with the COVID-19 curb and opened borders. However, growth projections in Laos, Singapore, Thailand, and Timor-Leste have transitioned downward the causes of weaker external demand from major economies, for Brunei, Cambodia, Malaysia, and Vietnam the

          On Monday, the wholesale spot price of European natural gas went negative. For an hour, suppliers were willing to pay almost €16 to someone able to suck up a megawatt hour of gas, about the equivalent of an average UK household’s monthly consumption. It was a remarkable turnaround for a market that saw record prices of over €300/MWh towards the end of August. Of course, there were special forces at work. Although the negative price was recorded on the main Dutch benchmark for European gas, it was not seen everywhere across the continent. It lasted for one hour only and a more standard spot price now around €50/MWh remains twice the norm for European gas. And it occurred because liquefied natural gas supplies keep arriving in Europe when storage facilities are effectively full. But it is important not to get too distracted by these caveats.           All European gas prices have tumbled since Vladimir Putin decided to stop supplying the continent through the Nord Stream 1 pipeline at the end of

          Germany has no plans to back a joint European Union debt issuance according to a government source. This statement comes to reject prior news from the European session, so, according to the source, Germany does not support joint EU debt to encounter the looming energy crisis. The government source told Reuters on Monday, that he denies prior media report saying Chancellor Olaf Scholz supported joint debt issuances to tackle the energy crisis.           During the general volatility of the European session, the original news, via Bloomberg, could have been of a big deal of impact, but in the quieter afternoon New York session, there has been no impact on this headline. Investors are paying close attention to the deepening crisis in the European Union. Soaring gas and electricity prices do surely threaten to quake manufacturing and tranquil winter life across Europe.           It is worth mentioning that borrowing costs between member countries are beginning to deviate which is a negative factor for the Euro as investors flood