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Independent Journalism · Est. 2026
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Independent Journalism · Est. 2026
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World
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All Stories

Economy

1264 articles · sorted by newest first

AllMarkets & FinanceMacro & PolicyLabor & TradeCrypto & Digital Assets

Latest in Economy

Latest in Economy
20 results
Economy 6 hours ago

Ottawa Forges 'Alliance for the Future' with EU, Inspired by NAFTA's Trade Depth

Canada just officially launched its 'Alliance for the Future' with the European Union, a landmark move fueled by Ottawa's desire to diversify trade away from an increasingly protectionist United States. Canadian Industry Minister Mélanie Joly confirmed that the blueprint for this ambitious new partnership draws heavily from the deep industrial integration once fostered by the North American Free Trade Agreement, aiming to create something akin to a 'common market' with Europe. The announcement came hot on the heels of the Canada-EU Summit in Montreal, which wrapped up Friday, October 30, 2026, marking a significant pivot in global trade dynamics for Prime Minister Mark Carney's government.

Editorial Team1 min
Ottawa Forges 'Alliance for the Future' with EU, Inspired by NAFTA's Trade Depth
Economy 6 hours ago

US 10-Year Bond Yield Dips Below 5%, Signaling Market Shift After Volatile Surge

The closely watched yield on the 10-year US Treasury bond has eased back below the critical 5% mark, landing at 4.94% as of October 30, 2026. This significant shift comes after a period of intense pressure saw yields surge past 5.3% earlier in October, offering a much-needed breath of fresh air to a bond market that has been under strain for much of the year. The dip suggests investors are recalibrating their expectations amidst a complex economic landscape.

Editorial Team1 min
US 10-Year Bond Yield Dips Below 5%, Signaling Market Shift After Volatile Surge
Economy 6 hours ago

Burnham-Healey Government Freezes Fuel Duty Amidst Grim Cost-of-Living Outlook

In a direct move to ease the burden on millions of households, Prime Minister Andy Burnham and Chancellor of the Exchequer John Healey have confirmed the planned fuel duty hike for January 1, 2027, has been scrapped. This critical decision, announced as part of Healey's first Autumn Budget on October 28, extends the existing 5p per litre cut until July 2027, keeping petrol and diesel prices lower than they would have been amidst a persistent cost of living crisis.

Editorial Team1 min
Burnham-Healey Government Freezes Fuel Duty Amidst Grim Cost-of-Living Outlook
Economy 12 hours ago

Housing Market Hits Two-Year Low as Mortgage Rates and Energy Bills Bite Buyers

Global house price growth has slowed to its weakest pace since early 2024, with some markets like the UK seeing annual growth tumble to a mere 0.5% in October 2026. This sharp slowdown comes as potential homebuyers grapple with significantly higher mortgage rates and rising energy bills, making homeownership a tougher dream to achieve. While the overall cost of goods has increased, the actual value of homes, when adjusted for inflation, has even seen a slight drop globally.

Editorial Team1 min
Housing Market Hits Two-Year Low as Mortgage Rates and Energy Bills Bite Buyers
Economy 16 hours ago

Beyond US Stock Returns: Indian Investors Grapple With Hidden Tax Traps and Rupee Swings

While India's Nifty 50 has dipped approximately 13% this year, the US Nasdaq has surged around 14%, drawing a significant number of Indian investors towards American equities for global diversification and potential growth. However, many are discovering that the actual complexities of investing in US stocks go far beyond simple market gains, with a maze of tax rules, currency shifts, and regulatory hurdles threatening to eat into their returns. The ease of access through fractional shares and new platforms in 2026 masks a deeper set of challenges that can surprise even experienced investors.

Editorial Team1 min
Beyond US Stock Returns: Indian Investors Grapple With Hidden Tax Traps and Rupee Swings
Economy 16 hours ago

Binance Halts Transactions After Massive $6.3 Billion Security Breach, North Korea Suspected

Binance, the world's largest cryptocurrency exchange, has temporarily stopped all deposits and withdrawals after uncovering a massive security breach that has seen an estimated $6.3 billion impacted. The exchange confirmed today that about $3 billion of the affected digital assets have already been frozen on various blockchains. While user funds are assured to be safe and covered by Binance's own resources and emergency fund, investigators are pointing fingers at North Korea-linked hacking groups.

Editorial Team1 min
Binance Halts Transactions After Massive $6.3 Billion Security Breach, North Korea Suspected
Economy 22 hours ago

Teachers' Union Unleashes Millions Against Wyoming Property Tax Cut Ballot Initiative

The National Education Association (NEA) has thrown a hefty $1.8 million into defeating Wyoming's Proposition 1, a ballot initiative aiming to slash residential property taxes by 50% for qualifying homes, sparking questions about why a national teachers' union would invest so heavily in a state-level tax measure. This massive financial injection comes just days before the November 2026 General Election, escalating an already heated debate over tax relief versus essential public services.

Editorial Team1 min
Teachers' Union Unleashes Millions Against Wyoming Property Tax Cut Ballot Initiative
Economy 22 hours ago

OBR's Oil Price Nightmare Becomes Reality: $115 a Barrel Hit Amid Middle East Turmoil

The UK's independent Office for Budget Responsibility (OBR) had grimly predicted oil prices reaching $115 a barrel in a 'severe shock scenario' for next year, but that worst-case outlook has already been hit, or even surpassed, this week. Brent crude, the global benchmark, has soared above $115 and even touched $117 a barrel, marking its highest level in over five months, primarily fueled by the escalating US-Israeli led conflict in Iran and wider geopolitical instability across the Middle East. This surge is far from a mere forecast; it's the present economic reality, placing immense pressure on global finances.

Editorial Team1 min
OBR's Oil Price Nightmare Becomes Reality: $115 a Barrel Hit Amid Middle East Turmoil
Economy 22 hours ago

Binance Rocked by Alleged $6.3 Billion Hack, Shaking Global Crypto Markets

The crypto world woke up to a shockwave today as Binance, the globe's largest cryptocurrency exchange, revealed a suspected hack that may have siphoned off a staggering $6.3 billion in digital assets. This massive breach, possibly the biggest in crypto history, immediately forced Binance to hit the brakes on all deposits and withdrawals, while major stablecoin issuers Tether and Circle swiftly moved to freeze nearly $3 billion in stolen funds. The news sent shivers through the market, with Bitcoin tumbling below $79,000 to its lowest point since September.

Editorial Team1 min
Economy Yesterday

UBS Relocation Cost Match Swiss Capital Rules, Sparking Headquarters Debate

The Swiss government has just revealed an internal analysis showing that if banking giant UBS Group AG were to pack its bags and move headquarters to the U.S. or U.K., the costs could be just as hefty as the new, stricter capital rules the Swiss authorities are pushing for. This surprising finding, reported Thursday, significantly complicates UBS's hinted threats to leave Switzerland over regulations designed to prevent another banking crisis like the 2023 Credit Suisse collapse.

Editorial Team1 min
UBS Relocation Cost Match Swiss Capital Rules, Sparking Headquarters Debate
Economy Yesterday

ECB Chief Lagarde Steps Down Early, Igniting Succession Race Amid Eurozone Turmoil

European Central Bank (ECB) President Christine Lagarde announced her resignation on Thursday, effective February 7, 2027, cutting her eight-year term short by nine months. The surprise move, confirmed by the ECB, allows Lagarde to reclaim her freedom of speech and engage in broader political and global matters, a liberty constrained by the central bank's strict neutrality mandate. While initial market reactions were somewhat muted, the euro saw a dip to its lowest level since May 2025, and government bond yields also dropped, reflecting a degree of uncertainty.

Editorial Team1 min
ECB Chief Lagarde Steps Down Early, Igniting Succession Race Amid Eurozone Turmoil
Economy Yesterday

Lilly's Blockbuster Q3: Soaring Zepbound, Mounjaro Sales Propel Revenue Past Forecasts

Eli Lilly just announced a blockbuster third quarter for 2026, blowing past Wall Street expectations with revenue soaring to $24.4 billion, a 39% jump from last year. This phenomenal growth was overwhelmingly powered by its star duo, the obesity drug Zepbound and diabetes powerhouse Mounjaro, which together fueled 88% of the year-over-year revenue increase. The impressive performance led the pharmaceutical giant to raise its full-year revenue forecast for the third time this year, signalling continued dominance in the exploding cardiometabolic market.

Editorial Team1 min
Economy Yesterday

Lagos Mandates Health Insurance by Year-End: What Residents Need to Know Now

Lagos residents and employers are now on the clock, with just over two months left to secure mandatory health insurance by December 31, 2026. Governor Babajide Sanwo-Olu recently flagged off the enforcement program for this critical policy, aiming to transition the state towards a system where quality healthcare is accessible without crippling financial burdens, with full enforcement kicking in on January 1, 2027. This move is designed to shift millions away from direct out-of-pocket payments for medical care, a common practice that often pushes families into hardship.

Editorial Team1 min
Lagos Mandates Health Insurance by Year-End: What Residents Need to Know Now
Economy Yesterday

Eli Lilly's Blockbuster Weight-Loss Drugs Propel Soaring Sales, Boosting 2026 Outlook

Eli Lilly just shattered expectations for its third-quarter 2026 financial results, posting a massive 39% surge in revenue to $24.4 billion, largely thanks to the phenomenal, unyielding demand for its diabetes drug Mounjaro and weight-loss injection Zepbound. The pharmaceutical giant is now raising its full-year revenue outlook for the third time this year to an impressive $91 billion to $92 billion, signaling a clear lead in the booming metabolic disease market.

Editorial Team1 min
Economy Yesterday

Albanese Intensifies Trade War Against Coalition Amidst Australia's Mounting Inflation Battle

Prime Minister Anthony Albanese is strategically framing the opposition's rejection of a major free trade deal with the European Union as 'nativist politics', aiming to expose deep divisions within the Coalition while simultaneously advocating for cheaper imports to combat Australia's rising inflation. This political gamble comes as new data shows Australia's inflation rate climbing to 4.3% in September, fueling expectations of further interest rate hikes.

Editorial Team1 min
Albanese Intensifies Trade War Against Coalition Amidst Australia's Mounting Inflation Battle
Economy Yesterday

Zillow Alerts Homebuyers: Don't Forget Rising Hidden Costs Amidst High Rates

Real estate tech giant Zillow is sounding the alarm for aspiring homeowners, urging them not to overlook the 'second price tag' of homeownership beyond the mortgage principal. New analysis reveals that ongoing costs like maintenance, property taxes, and homeowners insurance now collectively hit an average of $16,566 annually, or about $1,380 each month, adding a significant burden to already stretched budgets.

Editorial Team1 min
Economy 2 days ago

Mortgage Refinance Rates Slip as Economic Picture Shifts; Relief for Homeowners?

Good news for homeowners eyeing a lighter monthly payment: Average interest rates on 30-year fixed refinance mortgages have dipped to 7.27% this week, according to the Mortgage Research Center. This drop of 0.14 percentage points marks a welcome retreat from recent highs, offering a glimmer of hope for those who bought or refinanced when borrowing costs peaked in the last few years. Shorter-term options like 15-year fixed refinances also saw a decline, now averaging 6.45%.

Editorial Team1 min
Mortgage Refinance Rates Slip as Economic Picture Shifts; Relief for Homeowners?
Economy 2 days ago

Zimbabwe Parliament Demands Tighter Oversight for Economic Industrialization Push

Zimbabwe's Speaker of Parliament, Advocate Jacob Mudenda, has thrown down the gauntlet to lawmakers, demanding stronger parliamentary oversight and deeper collaboration between universities and the private sector. Speaking at the ongoing 2027 National Pre-Budget Seminar in Bulawayo, Mudenda underscored these as critical steps to accelerate the nation's long-sought industrialization drive and ensure public resources are utilized effectively. The seminar, which kicked off today, serves as a crucial platform for shaping Zimbabwe's upcoming national budget.

Editorial Team1 min
Zimbabwe Parliament Demands Tighter Oversight for Economic Industrialization Push
Economy 2 days ago

Cambridge Endowment Pioneers Green Standards for Hedge Funds, Seeking Wider Adoption

The University of Cambridge Investment Management (UCIM), which handles the university's large investment fund, has just released new 'sustainability principles' for the powerful hedge fund industry. This move is significant because there hasn't been a clear, agreed-upon way for big investors to measure or report the environmental impact, like greenhouse gas emissions, from their hedge fund investments until now. UCIM, managing a £5.5 billion endowment, aims to set a new standard and is asking other major asset owners to support this framework, which focuses on better climate action and transparency.

Editorial Team1 min
Economy 3 days ago

Oil Prices Dip Amid Iran Diplomatic Hopes, Yet US Strike Threat Looms Large

Global oil prices took a surprising dip this week, with both Brent and West Texas Intermediate (WTI) crude falling from recent highs. This move comes despite the very real and escalating threat of new US military strikes on Iran post-midterm elections, as markets are currently more focused on a surge in diplomatic efforts to de-escalate the ongoing 'Iran War' in the Middle East.

Editorial Team1 min
Oil Prices Dip Amid Iran Diplomatic Hopes, Yet US Strike Threat Looms Large
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