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

998 articles · sorted by newest first

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Latest in Economy

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20 results
Economy 8/16/2026

India Faces Dual US Tariff Threats Amid Shifting Global Trade Sands

India is now navigating a complex double-whammy of US trade pressures, facing both a newly implemented 10% tariff on certain goods over 'forced labor' concerns and a looming 100% tariff threat linked to its continued purchase of Russian oil. This comes as former UN adviser Santosh Mehrotra urges New Delhi to prolong trade negotiations, leveraging US President Donald Trump's low approval ratings and upcoming election pressures to secure better terms. The US Senate recently passed a bill, the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which could empower President Trump to impose these significant tariffs on countries importing Russian energy, placing India, a major buyer, directly in the crosshairs.

Editorial Team1 min
India Faces Dual US Tariff Threats Amid Shifting Global Trade Sands
Economy 8/16/2026

Indian Farmers Eye Global Harvest: FTAs Pave Way for Agri-Export Boom

Vadodara farmer Hrithik Purohit is buzzing with optimism, echoing Prime Minister Narendra Modi's Independence Day call for Indian agriculture to seize global opportunities through Free Trade Agreements (FTAs). Speaking on India's 80th Independence Day, Purohit highlighted that these agreements could significantly boost farmers' incomes by expanding exports of everything from traditional foods to processed products, fruits, and flowers. Modi, addressing the nation, placed agriculture and food processing at the heart of his 'Sapta Dhara' framework, urging a pivot from local farms to international export markets.

Editorial Team1 min
Indian Farmers Eye Global Harvest: FTAs Pave Way for Agri-Export Boom
Economy 8/15/2026

India's Economic Rocket Ride: SBI Eyes 8% Growth Amid Global Storm

India's economy is once again making headlines for its remarkable resilience, with the State Bank of India (SBI) projecting a robust 8% real GDP growth for the first quarter of Fiscal Year 2027 (April-June 2026). This optimistic forecast, delivered amidst elevated global uncertainties, notably surpasses the Reserve Bank of India's (RBI) own estimate of 7% for the same period, signaling strong underlying momentum in the nation's economic engine.

Editorial Team1 min
India's Economic Rocket Ride: SBI Eyes 8% Growth Amid Global Storm
Economy 8/15/2026

Beijing's Offshore Tax Crackdown Stirs Billionaire Confusion, Reshapes Global Wealth Game

Beijing has rocked China's ultra-wealthy with new, clarified rules on offshore trusts and overseas assets, demanding a 20% tax on gains and income, and requiring declarations for past holdings as far back as January 2023 by an October 22, 2026 deadline. This sudden push, marked by Announcements No. 21 and 15 of 2026 from the Ministry of Finance and State Taxation Administration, has left rich individuals and their financial advisors grappling with confusion over compliance, particularly regarding older trust structures and what documentation is acceptable.

Editorial Team1 min
Beijing's Offshore Tax Crackdown Stirs Billionaire Confusion, Reshapes Global Wealth Game
Economy 8/15/2026

Selective Spending Sparks Inflation Fears, Pushing Treasury Yields Higher Despite Retail Dip

Recent U.S. retail sales figures for July 2026 delivered a headline stumble, falling 0.6% month-over-month and surprising economists who had expected a modest gain. Yet, digging into the details reveals a nuanced picture: while categories like gasoline and auto sales saw dips, consumers continued to open their wallets for 'experiences' like dining out and 'essentials' such as clothing and personal care, underscoring a strategic shift in household budgets rather than a complete pullback. This targeted spending hints at underlying demand resilience, even as overall volumes decreased by 0.7% on an inflation-adjusted basis.

Editorial Team1 min
Selective Spending Sparks Inflation Fears, Pushing Treasury Yields Higher Despite Retail Dip
Economy 8/15/2026

Philippines' Luzon Corridor Welcomes Sixth European Partner, Boosting Infrastructure Investment

MANILA, Philippines — The Luzon Economic Corridor (LEC) is set to welcome its sixth European partner, with an unnamed country joining the initiative to channel significant investments into key Philippine growth areas. Finance Secretary Frederick Go announced on Friday, August 14, 2026, during the EJAP Economic Forum, that the new partner will be officially introduced at the inaugural LEC Investment Forum in September, further solidifying the Philippines' position as a strategic investment hub in the Indo-Pacific region.

Editorial Team1 min
Philippines' Luzon Corridor Welcomes Sixth European Partner, Boosting Infrastructure Investment
Economy 8/15/2026

Weight Loss Drugs Boost Job Prospects for Unemployed US Women, Study Finds

A groundbreaking new study by Harvard economist Rebecca Diamond reveals that unemployed women in the US who use GLP-1 weight loss medications significantly increase their chances of finding a job. After 18 months, women taking these drugs saw a 27 percentage point jump in employment compared to those who wanted to use them but hadn't yet started. This striking finding suggests these popular medications are doing more than just helping with weight loss; they're actively reshaping career paths.

Editorial Team1 min
Weight Loss Drugs Boost Job Prospects for Unemployed US Women, Study Finds
Economy 8/15/2026

Filipinos Tighten Belts as Global Uncertainty Squeezes Household Budgets

Filipino households are dramatically tightening their purse strings, reeling from renewed financial pressures stemming from persistent global and political uncertainties. A new Shopperscope 2026 study by Worldpanel by Numerator reveals a bleak outlook, with consumers largely expecting their financial and socioeconomic conditions to worsen over the next year, forcing a shift towards cheaper products and smaller purchases. This cautious approach reverses the signs of improvement seen in 2025, painting a clear picture of households worried about simply making ends meet.

Editorial Team1 min
Filipinos Tighten Belts as Global Uncertainty Squeezes Household Budgets
Economy 8/14/2026

Indonesia's Prabowo Expands Commodity Export Monitoring, Eyes Billions in Revenue

Indonesian President Prabowo Subianto announced on Friday that a newly established state firm, Danantara Sumberdaya Indonesia (DSI), will significantly expand its role to monitor all key commodity exports, rather than directly controlling them, aiming to curb under-invoicing and boost state revenue. This policy shift, first unveiled in May, has already identified a potential $5 billion in additional export proceeds from discrepancies in reported prices, with DSI overseeing $14 billion worth of transactions in its first two months focusing on palm oil, coal, and ferroalloys. The President emphasized that Indonesia's wealth should benefit its people and not be lost through fraudulent practices.

Editorial Team1 min
Indonesia's Prabowo Expands Commodity Export Monitoring, Eyes Billions in Revenue
Economy 8/14/2026

White House Accuses India of Aiding China's 'Shadow Network' to Evade Billions in US Tariffs

The White House has dropped a bombshell report, 'The Great Transhipment Scam', directly naming India as a major player in a 'shadow transhipment network' that allegedly helps China bypass billions in US tariffs. This accusation claims that Chinese goods, originally slapped with high duties, are being rerouted through countries like India to enter the American market with much lower costs, essentially undermining US trade laws and costing the government substantial revenue.

Editorial Team1 min
White House Accuses India of Aiding China's 'Shadow Network' to Evade Billions in US Tariffs
Economy 8/14/2026

South Korean Insurers Split: Big Players Ditch Savings, Smaller Rivals Embrace Them

South Korea's life insurance sector is witnessing a stark divide: major insurers are aggressively shedding savings products, while their smaller, often foreign-owned counterparts are doubling down. This strategic pivot, heavily influenced by new global accounting rules, means the overall savings insurance market is shrinking, with its value plummeting by over 77 trillion won since late 2021 and individual policies in force dropping by more than 500,000 in just one year. This shift signals a fundamental re-evaluation of how profits are made in a rapidly evolving market.

Editorial Team1 min
South Korean Insurers Split: Big Players Ditch Savings, Smaller Rivals Embrace Them
Economy 8/14/2026

Grifols Pauses Canadian Plasma Collection Amid Donor Deaths, Safety Concerns

Spanish healthcare giant Grifols has temporarily halted all plasma collection activities across Canada, a significant move that follows intense public scrutiny and regulatory actions after two donor deaths in Winnipeg. The company attributes the nationwide pause to 'unfounded attention' on its practices, despite Health Canada's ongoing investigations into systemic deficiencies at its facilities. This decision casts a spotlight on Canada's reliance on private, for-profit plasma collection and the ethical debates surrounding it.

Editorial Team1 min
Grifols Pauses Canadian Plasma Collection Amid Donor Deaths, Safety Concerns
Economy 8/14/2026

Elite FPIs Master India's Market Amid Global Turmoil, Outpace Benchmarks

A select group of top Foreign Portfolio Investors (FPIs), including giants like Goldman Sachs and Capital Group, defied a broader exodus of overseas capital from India during the April-June 2026 quarter, outperforming benchmark indices Nifty and Sensex by a significant margin. These savvy funds reportedly saw their India portfolios swell by 10% to 37%, largely due to smart bets on mid- and small-cap companies at a time when other foreign investors were fleeing Indian equities amid the aftershocks of the Iran crisis. This standout performance solidifies India's reputation as a 'stock picker's market', where strategic individual stock selection can yield substantial returns, even when headline indices offer more modest gains.

Editorial Team1 min
Elite FPIs Master India's Market Amid Global Turmoil, Outpace Benchmarks
Economy 8/14/2026

Ackman Bets Big on Netflix Again, Declaring Streaming Wars 'Won'

Billionaire investor Bill Ackman is making headlines again, plunging his hedge fund Pershing Square back into Netflix stock four years after a costly exit. The move, part of Ackman's biggest portfolio overhaul in years, signals a strong belief that Netflix has decisively won the 'streaming wars' despite the company's shares trading significantly below their previous highs. Pershing Square acquired 3.15 million Netflix shares, now making it 4.9% of the fund's portfolio, with Ackman citing Netflix's dominant subscriber base, efficient content spending, and robust free cash flow as key drivers.

Editorial Team1 min
Ackman Bets Big on Netflix Again, Declaring Streaming Wars 'Won'
Economy 8/14/2026

US Fuel Prices Hit Record Highs: Global Conflicts Drive Costly August for Americans

American drivers are facing unprecedented pain at the pump this August, with both gasoline and diesel prices hitting record seasonal highs. Regular gasoline is now averaging $4 a gallon, while diesel has surged to $5.40 a gallon, marking the most expensive August ever recorded for fuel nationwide. This significant jump, with gasoline up 80 cents and diesel up $1.70 from a year ago, is directly linked to escalating global geopolitical tensions.

Editorial Team1 min
US Fuel Prices Hit Record Highs: Global Conflicts Drive Costly August for Americans
Economy 8/14/2026

US Producer Prices Hold Flat in July, Sparking Fed Rate Cut Debate Amidst Global Tensions

The U.S. Producer Price Index (PPI) for July held unexpectedly flat, defying economists' predictions for a slight increase and offering a glimmer of hope that inflationary pressures might be cooling down at the wholesale level. This zero month-over-month change in final demand follows a slight dip in June, bringing the year-over-year PPI inflation rate down to 4.7% from 5.5% last month.

Editorial Team1 min
US Producer Prices Hold Flat in July, Sparking Fed Rate Cut Debate Amidst Global Tensions
Economy 8/14/2026

Belgian Diamond Sector Denies 'Bribe' Link to Trump Tariff Exemption Amid Senate Probe

The Antwerp World Diamond Centre (AWDC) has strongly pushed back against allegations that a lavish, diamond-encrusted gold ring gifted to former U.S. President Donald Trump was linked to Europe's natural diamond industry receiving a tariff exemption weeks later. This firm denial comes after two prominent Democratic senators accused the gesture of being a 'cartoonish bribe' and raised serious legal questions under U.S. federal bribery law, demanding answers by August 24.

Editorial Team1 min
Belgian Diamond Sector Denies 'Bribe' Link to Trump Tariff Exemption Amid Senate Probe
Economy 8/14/2026

Rupee Plunges to 95.45 Amid Geopolitical Jitters and Strong Dollar Headwinds

The Indian Rupee took a significant hit on Thursday, sliding 12 paise to trade at 95.45 against the mighty US Dollar, a move fueled by shaky local stock markets, money flowing out from foreign investors, and brewing global tensions. This dip showcases a challenging environment where strong demand for the dollar is pushing other currencies, including India's, lower, despite some efforts by the Reserve Bank of India to calm things down.

Editorial Team1 min
Rupee Plunges to 95.45 Amid Geopolitical Jitters and Strong Dollar Headwinds
Economy 8/14/2026

Gokaldas Exports Thrives Amid Global Sourcing Shift to India, Eyes Expansion

Bengaluru-based Gokaldas Exports, a major apparel manufacturer, just announced a robust 7% jump in net profit for the quarter ending June 30, 2026, reaching ₹44 crore. This impressive growth, coupled with a 21% rise in total income to ₹1,180 crore, highlights how Indian textile players are capitalizing on a significant global shift in apparel sourcing away from China. The company's India operations surged by 16%, even as overall Indian apparel exports faced a 12% decline during the same period, signaling a strong individual performance amidst broader industry headwinds.

Editorial Team1 min
Gokaldas Exports Thrives Amid Global Sourcing Shift to India, Eyes Expansion
Economy 8/13/2026

Healthcare's New Reality: Patients Face Upfront Payments Amid Soaring Costs

Hospitals across the U.S. are increasingly demanding upfront payments from patients, a stark shift from traditional billing that's adding significant financial pressure on individuals seeking critical care. This new norm, recently highlighted by the experience of Thomas Zordani, who faced a $5,000 preservice deposit at Mayo Clinic for what he believed was an in-network consultation, underscores a growing challenge for patients caught between rising healthcare costs and complex insurance policies. The move to collect payment before service is becoming a 'double whammy' for many, coinciding with a period of escalating patient financial responsibility.

Editorial Team1 min
Healthcare's New Reality: Patients Face Upfront Payments Amid Soaring Costs
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