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

Economy

1264 articles · sorted by newest first

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Latest in Economy

Latest in Economy
20 results
Economy 9/17/2026

Greece Reenters Developed Markets, Billions Poised to Flow into Athens Stock Exchange

Get ready for a major shift in global finance: Greece is officially re-entering the league of Developed Markets. This upgrade, spearheaded by leading index providers FTSE Russell and Stoxx, becomes effective around September 18-21, 2026, marking a pivotal moment for the Athens Stock Exchange. Billions of dollars in fresh capital are expected to pour into Greek equities, with banks and other large-cap companies at the forefront of international investors' attention.

Editorial Team1 min
Greece Reenters Developed Markets, Billions Poised to Flow into Athens Stock Exchange
Economy 9/17/2026

Trump Issues Stark Trade Ultimatum to EU Over Potential Canada Alliance

President Donald Trump has issued a fiery ultimatum, threatening to impose 'very serious tariffs' or even cut off trade with the European Union if it proceeds with plans to make Canada its first 'associate member.' The warning came Wednesday, as Trump labeled the proposed deeper alliance a 'hostile act' against the United States, escalating an already tense global trade landscape.

Editorial Team1 min
Trump Issues Stark Trade Ultimatum to EU Over Potential Canada Alliance
Economy 9/17/2026

US Poverty Hits Record Low as Incomes Climb, But Uneven Gains Raise Concerns

The U.S. Census Bureau just dropped its 2025 data, revealing some striking headlines: the official poverty rate hit a record low of 10.2%, while real median household income climbed to an unprecedented $87,460. Released on Tuesday, September 15, 2026, this marks a 0.5 percentage point drop in poverty from the previous year, with child poverty and the poverty rate among Hispanic Americans also reaching historic lows. These figures paint a picture of significant economic resilience and progress for many Americans.

Editorial Team1 min
US Poverty Hits Record Low as Incomes Climb, But Uneven Gains Raise Concerns
Economy 9/17/2026

UAE Crowns Itself World's Most Tax-Friendly Hub for Global Citizens

The United Arab Emirates (UAE) has officially been crowned the world's most tax-friendly country for global citizens, according to a fresh report from Global Citizen Solutions (GCS) released this week. This top ranking in their 'Tax Optimisation for Global Citizens' index highlights the UAE's magnetic appeal for internationally mobile individuals, primarily due to its zero personal income tax, a modest 5% Value Added Tax (VAT), and no exit taxes for residents. The comprehensive study, which assessed 48 jurisdictions, solidifies the UAE's position as a prime destination for wealth preservation and financial ease.

Editorial Team1 min
UAE Crowns Itself World's Most Tax-Friendly Hub for Global Citizens
Economy 9/17/2026

Rupee Plunges Past 96 Against Dollar Amidst Fed Rate Hike and Global Headwinds

The Indian Rupee took a significant hit today, crossing the 96 mark against the US Dollar for the first time in over two months, settling at 95.94 after dipping as low as 96.10 in early trade. This sharp depreciation came right after the US Federal Reserve announced a 25-basis-point interest rate hike on Wednesday, its first since 2023, which immediately made the dollar stronger and more attractive to investors globally. The rupee initially opened weaker at 95.99, clearly showing the immediate impact of the Fed's hawkish move on currency markets.

Editorial Team1 min
Rupee Plunges Past 96 Against Dollar Amidst Fed Rate Hike and Global Headwinds
Economy 9/17/2026

Trump Fumes as Fed Hikes Rates Amid Iran War, Attacks 'Political' Board Despite Warsh's Vote

US President Donald Trump unleashed a scathing attack on the Federal Reserve and its policymakers after the central bank, led by his own appointee Chair Kevin Warsh, unanimously voted to raise interest rates on September 16, 2026. Speaking at Charlotte airport in North Carolina, Trump accused other Fed officials of political bias, claiming they hiked rates to intentionally damage him, despite the Federal Open Market Committee's (FOMC) unanimous decision to increase the federal funds rate by a quarter-percentage point to a range of 3.75%-4.00% in a bid to curb stubbornly high inflation.

Editorial Team1 min
Economy 9/17/2026

Mortgage Wars Ignite: Borrowers Poised for Savings as Australian Lenders Chase Refinancers

Australian homeowners are suddenly finding themselves in a sweet spot, with lenders battling fiercely for their business, potentially saving borrowers thousands by encouraging them to switch or 'refinance' their home loans. This competitive surge, offering lower variable interest rates and even cashback deals, is a direct response to a cooling housing market and a dip in demand for new home loans, putting money back into the pockets of savvy consumers.

Editorial Team1 min
Mortgage Wars Ignite: Borrowers Poised for Savings as Australian Lenders Chase Refinancers
Economy 9/17/2026

Washington Governor Weighs Major Federal Education Tax Credit Decision Amid Fierce Debate

Washington Governor Bob Ferguson is currently weighing a critical decision on whether the state will opt into a new federal education tax credit program, a move that could unlock hundreds of millions in private dollars for K-12 students but remains deeply controversial. Known as the Federal Scholarship Tax Credit (FSTC) or Education Freedom Tax Credit (EFTC), this program allows individuals to claim a federal tax credit for donations to organizations that fund education scholarships, and is set to launch on January 1, 2027. So far, between 27 and 31 other states have already indicated their participation, leaving Washington among a diminishing group yet to decide.

Editorial Team1 min
Washington Governor Weighs Major Federal Education Tax Credit Decision Amid Fierce Debate
Economy 9/17/2026

Trump Backs Fed Chief Warsh Amid Rate Hike Fury, Claims 'Hostile' Board

In a dramatic move just weeks before critical midterm elections, the U.S. Federal Reserve, under newly appointed Chair Kevin Warsh, defied intense political pressure from President Donald Trump by raising its benchmark interest rate by 25 basis points to a target range of 3.75%-4.00%. This marks the first such hike since 2023, coming as Trump publicly blasted the decision on social media platform Truth Social, yet paradoxically affirmed his 'confidence' in Warsh, whom he appointed to the top central bank post in May.

Editorial Team1 min
Economy 9/17/2026

Healthcare Cost Tsunami: Small Businesses Face Unprecedented Premium Hikes in 2027

Small businesses across the nation are bracing for a severe financial blow in 2027, with health insurance premiums for the critical small group market projected to surge by a median of 14%, and potentially up to 20% for the smallest firms. This looming crisis represents the steepest increase in over two decades, pushing countless entrepreneurs into an impossible bind as they struggle to balance employee well-being with their own survival. Many are already seeing an 18% jump for small to mid-sized businesses, making this a critical moment for the backbone of the economy.

Editorial Team1 min
Economy 9/17/2026

America's $6.5 Trillion Industrial Revival: Apollo Warns of Massive Investment Need

Apollo Global Management is sending a clear warning: rebuilding America's industrial might won't be cheap, estimating a staggering $6.5 trillion investment is needed to restore U.S. manufacturing and defense capacity to levels last seen in the 1980s. This massive capital injection is crucial for strengthening supply chains and national security, according to a recent report from the investment giant.

Editorial Team1 min
America's $6.5 Trillion Industrial Revival: Apollo Warns of Massive Investment Need
Economy 9/17/2026

Hong Kong's Construction Sector Backs Major Five-Year Plan, Boosts Tech and Talent

Hong Kong's Construction Industry Council (CIC) is throwing its full support behind the city's ambitious First Five-Year Plan for Economic and Social Development (2026-2030) and the recently unveiled 2026 Policy Address. These landmark documents, launched by Chief Executive John Lee, chart Hong Kong's strategic direction, with a strong focus on supercharging the construction sector through tech-driven development, major infrastructure like the Northern Metropolis, and a massive push for skilled talent. The CIC is already on board, planning to extend crucial training schemes and designate 2026 as the 'Year of AI' for the industry.

Editorial Team1 min
Hong Kong's Construction Sector Backs Major Five-Year Plan, Boosts Tech and Talent
Economy 9/16/2026

Iran War Fuels Record Surge in US Oil Shipping Costs to Asia

Shipping costs for US crude oil heading to Asia have hit an unprecedented high, with chartering a Very Large Crude Carrier (VLCC) from the US Gulf Coast to China soaring to $44.8 million this week. This monumental increase, up from just $17.8 million before the Iran war began in late February, underscores the deepening energy crisis triggered by ongoing hostilities and disruptions in the Middle East.

Editorial Team1 min
Iran War Fuels Record Surge in US Oil Shipping Costs to Asia
Economy 9/16/2026

Malaysia Airlines Forges Asia-Pacific Air Bridge, Tapping India's Smaller Cities

Malaysia Airlines is aggressively expanding its reach into India's booming smaller cities, aiming to connect them to the wider Asia-Pacific region. This strategy, highlighted by Dersenish Aresandiran, the airline business chief at Malaysia Aviation Group, involves actively looking at 'Tier 2 and Tier 3 markets' like Kolkata, Amritsar, and Ahmedabad, as demand for flights beyond big metro areas grows fast. Just recently, the airline strengthened seven tourism partnerships across the Asia-Pacific at the MATTA Fair 2026, showing their commitment to building these new travel links.

Editorial Team1 min
Malaysia Airlines Forges Asia-Pacific Air Bridge, Tapping India's Smaller Cities
Economy 9/16/2026

India's Exports Skyrocket 26% in August, Significantly Narrowing Trade Deficit

India's merchandise exports surged an impressive 26.1 percent year-on-year in August, hitting $43.81 billion, marking one of the sharpest monthly increases since June 2022. This robust growth, significantly outpacing the rise in imports, led to a substantial narrowing of the overall trade deficit to $9.41 billion from $11.62 billion a year earlier, a positive shift Commerce Secretary Rajesh Agrawal highlighted as the first time export growth outpaced import growth in absolute value terms.

Editorial Team1 min
India's Exports Skyrocket 26% in August, Significantly Narrowing Trade Deficit
Economy 9/16/2026

Grab's $1.49 Billion Atome Bet: Supercharging Lending in Southeast Asia

Singapore-based tech giant Grab Holdings is making a significant move to accelerate its financial services ambitions across Southeast Asia, announcing a groundbreaking deal on September 15, 2026, to acquire a controlling 60% stake in digital finance firm Atome Financial for $1.49 billion. This strategic acquisition is set to integrate Atome's robust Buy Now, Pay Later (BNPL) and consumer lending offerings into Grab's expansive super app ecosystem, aiming to unlock new growth avenues and cater to the region's rapidly expanding digital economy. The proposed transaction, expected to close by the third quarter of 2027, is contingent on regulatory approvals and other closing conditions.

Editorial Team1 min
Economy 9/16/2026

US, China Face High-Stakes Talks as Trade Truce Nears Critical Brink

US Treasury Secretary Scott Bessent is set to meet Chinese Vice-Premier He Lifeng in New York this weekend, a critical precursor to the high-stakes summit between President Donald Trump and President Xi Jinping later this month. These urgent discussions come as a year-long trade war truce, agreed upon in Busan in October 2025, teeters on the brink of expiry in November, threatening to reignite tariff battles between the world's two largest economies.

Editorial Team1 min
US, China Face High-Stakes Talks as Trade Truce Nears Critical Brink
Economy 9/16/2026

Trump's Crypto Ambitions Hit Roadblock as Key Regulatory Bill Fails in Senate

The crypto industry's hopes for clear federal guidelines were dashed this week as the Digital Asset Market Clarity Act (CLARITY Act), a major bill championed by President Donald Trump, failed to pass a crucial Senate cloture vote on Tuesday. The bill, which aimed to establish a comprehensive regulatory framework for digital assets, fell short of the 60 votes needed to advance, with a 50-49 tally. This setback prolongs the 'regulatory limbo' that has plagued the rapidly evolving digital asset space in the U.S. and sent Bitcoin prices and related stocks tumbling.

Editorial Team1 min
Trump's Crypto Ambitions Hit Roadblock as Key Regulatory Bill Fails in Senate
Economy 9/16/2026

Fed Hikes Rates: First Increase in Three Years to Tame Stubborn Inflation

The US Federal Reserve has officially raised interest rates by 25 basis points today, marking the first such hike in three years. This crucial move, widely anticipated by markets, aims to tackle persistently high inflation that has been troubling the economy. It pushes the federal funds rate to a new target range of 3.75% to 4.00%, signaling the central bank's firm commitment to cooling down rising prices.

Editorial Team1 min
Fed Hikes Rates: First Increase in Three Years to Tame Stubborn Inflation
Economy 9/15/2026

UK Drivers Face Record Fuel Prices as Iran War Deepens Energy Crisis

UK motorists are bracing for yet another sharp increase at the pumps, with warnings to fill up before Thursday as petrol and diesel prices hit fresh record highs. According to RAC Fuel Watch data from Monday, unleaded petrol now averages 169.68p per litre and diesel stands at 191.68p, pushing the cost of filling a typical 55-litre family car up by nearly £5 since the start of September. These soaring costs are directly linked to the ongoing War in Iran, which continues to rattle global energy markets and disrupt supply chains.

Editorial Team1 min
UK Drivers Face Record Fuel Prices as Iran War Deepens Energy Crisis
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