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Independent Journalism · Est. 2026
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Independent Journalism · Est. 2026
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Economy

1264 articles · sorted by newest first

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Latest in Economy

Latest in Economy
20 results
Economy 9/26/2026

US-China Extend Trade Truce by Two Months Amid High-Stakes Xi-Trump Summit

In a critical move to keep global economic tensions from boiling over, the United States and China have just agreed to extend their existing trade truce by two months, pushing the critical deadline from November 10 to January 10. The announcement, made by US Treasury Secretary Scott Bessent on Wednesday, September 23, 2026, followed an unscheduled meeting with Chinese Vice-Premier He Lifeng in Washington, coinciding with Chinese President Xi Jinping's high-profile state visit to the US capital for talks with President Donald Trump.

Editorial Team1 min
US-China Extend Trade Truce by Two Months Amid High-Stakes Xi-Trump Summit
Economy 9/26/2026

Global Standoff vs. Bilateral Truce: China's Trade Practices Under Fire

Global economic powers, excluding China, recently converged at a G20 finance ministers' meeting to push back against nations with 'excessive and persistent external surpluses,' a clear signal of mounting international frustration with Beijing's trade practices. This collective stance, supported by 19 nations while China stood alone in opposition, frames the current trade tensions not as a simple bilateral spat with Washington but as a global challenge. Yet, in a surprising turn just hours ago, the United States and China announced a consensus to reduce tariffs on $30 billion worth of non-sensitive goods, following President Xi Jinping's visit to Washington, suggesting a complex path of simultaneous confrontation and limited cooperation.

Editorial Team1 min
Economy 9/26/2026

US Bleeds Billions: Tax Fraud Costs $300 Billion Annually, IRS Lacks Core Strategy

The United States is losing a staggering $116 billion to $304 billion annually to tax fraud, a new report from the Government Accountability Office (GAO) reveals, based on data from 2018 through 2024. This massive financial drain, representing 2% to 6% of the total tax owed to the federal government in 2022, highlights a critical vulnerability: the Internal Revenue Service (IRS) currently lacks an overarching antifraud strategy and a designated lead office to coordinate its fight against sophisticated tax cheats.

Editorial Team1 min
US Bleeds Billions: Tax Fraud Costs $300 Billion Annually, IRS Lacks Core Strategy
Economy 9/26/2026

Bitcoin Defies Macro Headwinds, Soaring Past $86,000 on ETF Inflows

Bitcoin has staged a remarkable rally this week, briefly soaring past $87,000 and settling near $84,000, even as Ethereum followed suit, trading around $2,688. This surge comes despite rising US interest rates and a legislative setback for crypto, largely fueled by a significant influx of institutional capital into Spot Bitcoin ETFs.

Editorial Team1 min
Bitcoin Defies Macro Headwinds, Soaring Past $86,000 on ETF Inflows
Economy 9/25/2026

US H-1B Visa Fee Battle Continues: $100K Charge Extended, But Courts Block Collection

The Trump administration has once again extended the controversial $100,000 H-1B visa fee for certain foreign workers until September 21, 2027, a move announced on September 18, 2026, through a presidential proclamation. However, here's the twist: despite the extension, the fee currently remains unenforceable due to federal court rulings earlier this year. This ongoing legal battle leaves thousands of Indian professionals and U.S. employers in limbo.

Editorial Team1 min
US H-1B Visa Fee Battle Continues: $100K Charge Extended, But Courts Block Collection
Economy 9/25/2026

Vietnam Charts Ambitious Path to Early Cancer Detection Through Health Insurance Expansion

Vietnam's Ministry of Health is pushing a landmark proposal to significantly expand national health insurance, aiming to cover early screening and diagnosis for seven prevalent cancers, alongside hepatitis B and C. This bold move, part of a draft decree, signals a crucial shift towards preventive care, promising to ease the financial burden on patients and boost early disease detection across the country. The initiative seeks to transform healthcare from a treatment-focused system to one that prioritizes catching illnesses before they become severe and costly.

Editorial Team1 min
Vietnam Charts Ambitious Path to Early Cancer Detection Through Health Insurance Expansion
Economy 9/25/2026

Indian Stocks See Volatile Friday Amid Global Cues, Oil Worries, and Rising Yields

Indian stock markets are seeing a volatile Friday, trading mostly flat after a tough week, as rising global bond yields and stubbornly high crude oil prices keep investors on edge. The benchmark Sensex and Nifty indices, after a sharp 1.7% drop on Thursday, showed mixed signals today, with some sectors gaining while IT stocks dragged down the overall mood. This cautious sentiment comes despite a slight easing in oil prices, driven by hopes of a potential US-Iran truce.

Editorial Team1 min
Indian Stocks See Volatile Friday Amid Global Cues, Oil Worries, and Rising Yields
Economy 9/25/2026

US Seniors Face Steep 22% Social Security Cuts as 2032 Deadline Looms

America's retirees and future beneficiaries are staring down a grim reality: an automatic 22% cut to their Social Security benefits is now projected for 2032, a year earlier than previous estimates. Recent analyses, including a more dire 26% cut from the Congressional Budget Office, underscore a worsening financial crisis for the nation's most vital retirement program, impacting millions of households across the country.

Editorial Team1 min
US Seniors Face Steep 22% Social Security Cuts as 2032 Deadline Looms
Economy 9/24/2026

Global Bonds Nosedive: US Yields Near 4% as Debt Auction Tanks and Economy Booms

A massive sell-off is shaking global government bond markets, pushing average yields to nearly 4% for the first time since 2007. This dramatic shift is largely driven by a recent, very weak US debt auction and strong economic data from the United States, making borrowing more expensive worldwide. Investors are demanding higher returns to hold government debt, especially US Treasuries, as the market signals worries about persistent inflation and future interest rate hikes.

Editorial Team1 min
Global Bonds Nosedive: US Yields Near 4% as Debt Auction Tanks and Economy Booms
Economy 9/24/2026

Gulf Nations Divert Oil Amid Iran War: Costs Soar as New Routes Emerge

Gulf nations are scrambling to maintain the global flow of oil and gas, but the ongoing Iran war has drastically elevated costs and exposed vulnerabilities in the world's energy supply lines. With the Strait of Hormuz largely blocked by Iran since February 2026, nations are diverting billions into bypass routes, yet even these alternatives are now becoming targets, creating a complex and expensive maze for global energy trade.

Editorial Team1 min
Gulf Nations Divert Oil Amid Iran War: Costs Soar as New Routes Emerge
Economy 9/24/2026

Global Headwinds Hammer Indian Markets: Sensex, Nifty Plunge Amid Rising Yields and Geopolitical Tensions

Indian equity markets took a major hit on Thursday, with both the Sensex and Nifty plummeting over 1.6%, marking their sharpest one-day decline in roughly ten weeks. This broad-based sell-off saw the Sensex close down 1,247.71 points at 73,580.54 and the Nifty shed 383.70 points to end at 23,063.10, as surging global bond yields and a spike in crude oil prices sparked significant investor unease. Financial stocks were particularly hard hit, partly due to new regulatory proposals impacting the insurance sector.

Editorial Team1 min
Economy 9/24/2026

Global Markets Reel: Oil Surges Past $100, Yields Spike on Geopolitical Fears, Central Bank Hikes

Global markets are bracing for a tough session with major indices like Australia's ASX 200 set to tumble, while the S&P 500 and Nasdaq have already dipped significantly. This widespread downturn is a direct reaction to a sharp spike in bond yields and crude oil prices surging back above the critical US$100 mark, igniting fresh worries about inflation and central bank actions. Investors are clearly nervous as these intertwined factors signal a more challenging economic outlook.

Editorial Team1 min
Global Markets Reel: Oil Surges Past $100, Yields Spike on Geopolitical Fears, Central Bank Hikes
Economy 9/24/2026

Major Federal Shifts Hit Millions: SNAP, FAFSA, Medicare See Key October 1st Changes

October 1st is set to usher in a wave of significant federal changes impacting millions of Americans, particularly those relying on vital programs like the Supplemental Nutrition Assistance Program (SNAP), the Free Application for Federal Student Aid (FAFSA), and various Medicare and Medicaid provisions. While SNAP benefits are increasing due to annual Cost-of-Living Adjustments, new work requirements and shifted administrative costs mean that not all recipients will see a net gain, and many states, including Massachusetts, are bracing for increased financial and logistical strain. Meanwhile, the FAFSA is undergoing a major simplification, promising an easier application process for students seeking financial aid.

Editorial Team1 min
Major Federal Shifts Hit Millions: SNAP, FAFSA, Medicare See Key October 1st Changes
Economy 9/24/2026

Canada's Health Crisis Costs $100 Billion, Threatening Economic Future, Deloitte Warns

Poor health stripped Canada of over $100 billion in economic output in 2025, according to a bombshell new report from Deloitte Canada, spotlighting how widespread illness, caregiving duties, and early deaths are severely hampering the nation's productivity. The analysis introduces a 'Health Productivity Gap' (HPG) framework, showing a quarter of these staggering losses — approximately $25 billion — could be recovered with targeted interventions. This isn't just a health issue; it's a direct threat to Canada's economic strength, which has been struggling with lagging productivity for a decade.

Editorial Team1 min
Canada's Health Crisis Costs $100 Billion, Threatening Economic Future, Deloitte Warns
Economy 9/23/2026

AI Boom and Government Debt Drive Up Global Borrowing Costs, Warns Goldman Sachs

Hold onto your wallets: the global cost of borrowing is surging, and Goldman Sachs points the finger at two major culprits: massive AI infrastructure spending and ballooning government debt. This fierce competition for capital is pushing up bond yields worldwide, even as strong corporate earnings have tried to cushion the blow, signaling a tougher road ahead for investors and businesses alike.

Editorial Team1 min
AI Boom and Government Debt Drive Up Global Borrowing Costs, Warns Goldman Sachs
Economy 9/23/2026

India Defends Russian Oil Imports Amid New US Tariff Threat

India's critical reliance on Russian crude oil is facing renewed geopolitical pressure, with US President Donald Trump recently signing legislation that could impose tariffs of up to 100% on countries continuing these purchases. Finance Minister Nirmala Sitharaman, speaking on Tuesday, firmly asserted that India cannot simply halt buying Russian oil, citing global supply constraints and the complex needs of its 1.4 billion citizens. This move intensifies a high-stakes balancing act for New Delhi, which has become Russia's second-largest crude customer since the Ukraine conflict began.

Editorial Team1 min
Economy 9/23/2026

Wegovy Gains Singapore Nod, First for Critical Liver Disease MASH with Fibrosis

Novo Nordisk has secured a landmark approval in Singapore for its blockbuster drug Wegovy, making it the first treatment cleared in the country for adults battling metabolic dysfunction-associated steatohepatitis (MASH) with moderate to advanced liver fibrosis. This approval from Singapore's Health Sciences Authority (HSA) on September 23, 2026, marks a significant step forward for patients facing this progressive and often 'silent' liver disease, offering a new therapeutic option beyond lifestyle changes. The decision is based on compelling data from the company's Phase 3 ESSENCE trial, which showed Wegovy's effectiveness in resolving steatohepatitis without worsening liver scarring.

Editorial Team1 min
Economy 9/23/2026

India-CELAC Trade Crosses $50 Billion Mark; Jaishankar Urges Deeper Global South Ties

India and the CELAC bloc have just hit a major milestone, with their annual trade surging past the $50 billion mark in 2025-26. This significant jump was announced by External Affairs Minister S Jaishankar at the India-CELAC Foreign Ministers' Meeting held on the sidelines of the 81st United Nations General Assembly in New York, where he pressed for even stronger economic ties and a bigger voice for the Global South on the world stage. The meeting, which saw robust participation from 30 out of 33 CELAC member countries, underlines India's growing strategic interest in Latin America and the Caribbean.

Editorial Team1 min
India-CELAC Trade Crosses $50 Billion Mark; Jaishankar Urges Deeper Global South Ties
Economy 9/23/2026

Iran's Hormuz Reopening Offer Slashes Oil Prices Amid UN Diplomacy Push

Oil prices took a significant tumble, with Brent crude dipping below $98 a barrel, after Iran signaled it might reopen the critical Strait of Hormuz within a week. This conditional offer, communicated via mediators, aims to ease the ongoing global supply crunch but hinges on the United States lifting its naval blockade and easing military pressure. The news instantly calmed immediate supply fears that have kept energy markets on edge for months.

Editorial Team1 min
Iran's Hormuz Reopening Offer Slashes Oil Prices Amid UN Diplomacy Push
Economy 9/22/2026

UBS Pushes Investors to Emerging Asia Bonds Amidst Elevated Global Yields

UBS, the global banking giant, is telling investors to put their money into bonds from emerging Asian markets, especially those linked to the technology sector. This advice comes as global bond yields stay high, offering attractive returns. Adrian Zuercher, a top investment strategist at UBS, highlights that strong economic conditions and better bond quality in these regions make them a compelling choice right now.

Editorial Team1 min
UBS Pushes Investors to Emerging Asia Bonds Amidst Elevated Global Yields
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