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

1266 articles · sorted by newest first

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Latest in Economy

Latest in Economy
20 results
Economy 7/26/2026

India's Forex Reserves Rebound: Policy Moves Avert Gold Pledge Crisis

India's foreign exchange reserves have staged a remarkable recovery, climbing to over $676 billion by mid-July 2026, a sharp contrast to earlier concerns of plummeting levels. This significant rebound comes after a period of intense forex stress and a persistent Balance of Payments deficit had policymakers exploring various options to secure foreign currency, including discussions around potentially leveraging gold assets. The current robust figures underscore the effectiveness of recent strategic interventions by the Reserve Bank of India and the government.

Editorial Team1 min
India's Forex Reserves Rebound: Policy Moves Avert Gold Pledge Crisis
Economy 7/26/2026

US Hits India with New Tariffs Amid Forced Labor Probe; Trade Deal Hangs in Balance

The United States has slapped India with a new 10 percent additional tariff under its Section 301 measures, citing concerns over alleged forced labor practices, effective July 24, 2026. This move, while placing India in a lower tariff bracket than initially proposed, casts a new shadow over the ongoing negotiations for a crucial Bilateral Trade Agreement (BTA) between the two economic giants. Despite the tariffs, New Delhi has swiftly reaffirmed its commitment to finalizing the BTA, signaling a desire to navigate this trade friction.

Editorial Team1 min
US Hits India with New Tariffs Amid Forced Labor Probe; Trade Deal Hangs in Balance
Economy 7/26/2026

Oil Surge, Middle East Tensions Send Indian Markets Tumbling Amid Global Inflation Fears

Indian stock markets faced a challenging week, with benchmarks Nifty and Sensex both dropping over 2.3% as global inflation worries intensified and crude oil prices surged. The Nifty fell 2.33% for the week, closing Friday at 23,767, while the Sensex shed 2.68%, ending at 76,059, marking a significant setback for investors. This sharp dip comes as fresh geopolitical tensions in the Middle East drive up energy costs worldwide.

Editorial Team1 min
Oil Surge, Middle East Tensions Send Indian Markets Tumbling Amid Global Inflation Fears
Economy 7/26/2026

China's Gold Fever: June Imports Soar to Two-Year High Amid Price Dip

China's gold imports in June skyrocketed to 173 tonnes, hitting their highest level since March 2024 and marking the third consecutive month of increased purchases. This surge highlights a dual dynamic: Chinese investors are seizing the chance to 'buy the dip' on recently softer gold prices, while commercial banks are aggressively replenishing their stocks to keep up with booming domestic retail demand.

Editorial Team1 min
China's Gold Fever: June Imports Soar to Two-Year High Amid Price Dip
Economy 7/26/2026

Small Businesses Strike Back: New Lawsuits Challenge Trump's Sweeping Tariffs

Just hours after President Donald Trump's new, sweeping tariffs on nearly all U.S. imports kicked in, small businesses across the country are fighting back, filing multiple lawsuits to challenge the legality of these fresh levies. These double-digit duties, impacting 60 trading partners, went live on Friday, July 25, 2026, replacing temporary tariffs that had just expired. Critics are quick to point out that these new tariffs seem like a quick workaround after the Supreme Court struck down Trump's previous global import taxes just five months ago.

Editorial Team1 min
Small Businesses Strike Back: New Lawsuits Challenge Trump's Sweeping Tariffs
Economy 7/26/2026

Faraday Future Nears Bankruptcy as Cash Drains, Stock Plunges 99%

Faraday Future Intelligent Electric Inc. (FFIE), once a high-flying electric vehicle (EV) startup, is teetering on the brink of bankruptcy after its stock plummeted by a staggering 99% from its peak, now trading at just $0.19. The company, which recently disclosed a critical lack of sufficient share capital and warned of potential bankruptcy protection, has been grappling with severe cash burn and a heavy debt load, despite efforts in July 2026 to restructure its financing and cancel warrants.

Editorial Team1 min
Faraday Future Nears Bankruptcy as Cash Drains, Stock Plunges 99%
Economy 7/26/2026

JPMorgan Declares End of Easy Money, Most Americans Missed Bitcoin's Wild Ride

JPMorgan Chase, America's largest bank, has just dropped a stark warning: the era of 'cheap money' is definitively over, a seismic shift few average Americans were prepared for. This declaration comes as the bank points to a future of persistently higher interest rates, driven by a cocktail of global economic pressures. Adding salt to the wound, most everyday citizens reportedly sat on the sidelines as Bitcoin delivered an astonishing 22,700% rally over the past decade, missing a rare chance at significant wealth growth.

Editorial Team1 min
JPMorgan Declares End of Easy Money, Most Americans Missed Bitcoin's Wild Ride
Economy 7/25/2026

Nigerian SMEs Get ₦1.1 Trillion Boost Amidst Economic Headwinds, Investor Confidence Soars

Nigeria's small and medium-sized enterprises (SMEs) have seen a massive ₦1.1 trillion (that's about 1.46 billion US dollars!) flow their way, reaching over 700,000 businesses. This significant boost, highlighted in the recently released Nigerian Impact Investment Landscape Study 2025, signals a growing confidence among investors who are keen on projects that bring both money and positive social change, even as the country battles tough economic conditions like high inflation and unpredictable exchange rates.

Editorial Team1 min
Nigerian SMEs Get ₦1.1 Trillion Boost Amidst Economic Headwinds, Investor Confidence Soars
Economy 7/25/2026

Cadillac Mines Fuels Canada's IPO Surge with C$385M Gold Listing

Cadillac Mines Corp., a Canadian gold and critical minerals explorer, just wrapped up a significantly 'upsized' Initial Public Offering (IPO) in Canada, raising a hefty C$385 million (about $273 million USD) from both the company and its existing shareholders. This move, finalized on July 24, 2026, marks a major win for the Toronto-based firm and clearly shows the strong return of investor interest in Canada's mining sector.

Editorial Team1 min
Cadillac Mines Fuels Canada's IPO Surge with C$385M Gold Listing
Economy 7/25/2026

Global Outcry as Trump Imposes 'Forced Labor' Tariffs on 60 Nations

President Donald Trump has ignited a fresh global trade dispute, imposing new tariffs of 10% to 12.5% on imports from 60 countries, effective July 24, 2026. The White House justifies this move under Section 301 of the Trade Act of 1974, claiming these nations fail to effectively ban goods made with forced labor. However, world leaders from close allies like Australia, New Zealand, Japan, and the European Union are slamming the rationale as baseless and 'completely unjustified.'

Editorial Team1 min
Global Outcry as Trump Imposes 'Forced Labor' Tariffs on 60 Nations
Economy 7/24/2026

India Blasts US 10% Forced Labor Tariff, Citing Lack of Evidence

India's Global Trade Research Initiative (GTRI) has sharply condemned the United States' new 10% Section 301 tariff on Indian exports, effective July 24, 2026, arguing Washington has failed to provide any credible evidence of forced labor violations. The economic think tank suggests the move is more about maintaining existing trade barriers inherited from the Trump administration than genuinely addressing human rights concerns. This comes as approximately 70% of India's manufactured exports now face this additional duty, alongside their standard Most Favored Nation (MFN) tariff.

Editorial Team1 min
India Blasts US 10% Forced Labor Tariff, Citing Lack of Evidence
Economy 7/24/2026

Gold Stumbles as Rising Oil Fuels Fed Rate Hike Fears Ahead of Key Meeting

Gold prices are taking a hit, dropping further after a 2% slide yesterday, now hovering just above the critical $4,000 mark. This dip comes as investors brace for potential interest rate hikes from the U.S. Federal Reserve, driven by renewed worries about inflation. The catalyst? Brent crude oil surging past $100 a barrel, making everything from fuel to everyday goods more expensive.

Editorial Team1 min
Gold Stumbles as Rising Oil Fuels Fed Rate Hike Fears Ahead of Key Meeting
Economy 7/24/2026

Copper Rush: ASX Juniors Brave South America's Toughest Terrain for Giant Deposits

Australian junior mining companies are making a bold pivot to South America, pouring capital into a high-stakes hunt for massive copper-gold deposits as global copper prices continue their upward climb. This shift is happening despite significant operational hurdles like severe water scarcity, spiking sulfuric acid costs, and persistent infrastructure challenges across the continent, signaling a desperate scramble to meet the soaring demand for the critical metal. Companies like Piche Resources are actively raising funds for exploration in Argentina, while Super Copper Corp. has mobilized for drilling in Chile's Atacama region, aiming to tap into one of the world's richest copper belts.

Editorial Team1 min
Copper Rush: ASX Juniors Brave South America's Toughest Terrain for Giant Deposits
Economy 7/24/2026

China's Central Bank Signals Weaker Yuan, Fueling Growth and Trade Debates

The People's Bank of China (PBOC) has set today's USD/CNY reference rate at 6.7939, a notable move above the 6.7795 market estimate and yesterday's close of 6.7777. This higher fixing signals a weaker yuan, giving a clear policy steer from Beijing as it navigates complex domestic economic pressures and global trade dynamics.

Editorial Team1 min
China's Central Bank Signals Weaker Yuan, Fueling Growth and Trade Debates
Economy 7/24/2026

Oil's Shockwave: Middle East Conflict Sends Asian Markets and Global Bonds Spiraling

Asian stock markets are reeling, and global bond markets are in a chokehold today as Brent crude oil prices violently surge past $100 a barrel, fueled by the intensifying US-Iran conflict and Houthi attacks on vital shipping lanes. This dramatic oil spike is reigniting fears of persistent inflation, forcing central banks worldwide to reconsider their interest rate strategies and potentially abandon any thoughts of cuts. The ripple effect is immediately visible: South Korea's Kospi plunged nearly 6%, Japan's Nikkei 225 shed almost 3%, and other major Asian indices like Hong Kong's Hang Seng and the Shanghai Composite saw significant drops, while India's Sensex also traded lower.

Editorial Team1 min
Oil's Shockwave: Middle East Conflict Sends Asian Markets and Global Bonds Spiraling
Economy 7/24/2026

Trump Unleashes Sweeping 'Forced Labor' Tariffs on 60 Nations as Old Levies Expire

President Donald Trump's administration has just rolled out new double-digit tariffs on imports from 60 countries, effective July 24, 2026, citing their alleged failure to curb 'forced labor' in supply chains. These new levies, ranging from 10% to 12.5%, immediately replace a temporary 10% global import tax that expired at midnight, marking a significant escalation in the President's efforts to reshape global trade under the banner of human rights and American economic interests.

Editorial Team1 min
Trump Unleashes Sweeping 'Forced Labor' Tariffs on 60 Nations as Old Levies Expire
Economy 7/24/2026

Trump Nominates Emergency Doctor Timothy Westlake to Lead SAMHSA Amid Policy Shifts

President Donald Trump has officially nominated Dr. Timothy Westlake, a Wisconsin emergency physician and the current Chief of Staff at the Substance Abuse and Mental Health Services Administration (SAMHSA), to lead the crucial federal agency as Assistant Secretary for Mental Health and Substance Use. This move, announced on July 14, 2026, positions a doctor with extensive frontline experience in addiction and a personal history of recovery at the helm of an agency central to the nation's behavioral health efforts, pending Senate confirmation.

Editorial Team1 min
Trump Nominates Emergency Doctor Timothy Westlake to Lead SAMHSA Amid Policy Shifts
Economy 7/23/2026

Centrica Sheds 1,300 Jobs Amid Digital Shift and Profit Dip at British Gas

British Gas owner Centrica is set to cut a significant 1,300 jobs over the next two years, including an additional 800 announced recently, as it grapples with a major shift in customer behaviour and an 18% drop in first-half adjusted core profit. This overhaul will impact roughly 14% of its customer operations workforce, affecting key call centre locations across the UK.

Editorial Team1 min
Centrica Sheds 1,300 Jobs Amid Digital Shift and Profit Dip at British Gas
Economy 7/23/2026

India's Trade Explodes: RBI Cites Robust Growth, Surge in Foreign Investment

India's external trade sector has kicked off the new financial year with exceptional momentum, according to the Reserve Bank of India's latest bulletin, showcasing strong growth in both exports and imports during the first quarter of 2026-27. This robust performance is a key sign of India's economic resilience amidst global uncertainties and signals growing confidence from international investors.

Editorial Team1 min
India's Trade Explodes: RBI Cites Robust Growth, Surge in Foreign Investment
Economy 7/23/2026

KNUST Secures $3M Mastercard Foundation Prize for Pioneering African Higher Education Transformation

Ghana's Kwame Nkrumah University of Science and Technology (KNUST) has made headlines as one of five inaugural recipients of the Africa Higher Education for Transformation (AHEFT) Prize, securing a $3 million grant from the Mastercard Foundation. Announced this week, the prestigious award recognizes KNUST's exceptional leadership in driving institution-wide transformation and expanding vital opportunities for young people across the continent, particularly through its robust research and innovation ecosystem.

Editorial Team1 min
KNUST Secures $3M Mastercard Foundation Prize for Pioneering African Higher Education Transformation
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