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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 7/15/2026

Cooling Inflation and Robust Bank Earnings Ignite Wall Street Rally, But Oil Woes Loom

Wall Street kicked off the week with a surge as both the S&P 500 and Nasdaq Composite opened higher, riding high on fresh data showing a significant cooling in US inflation for June and a blockbuster round of bank earnings. The Consumer Price Index (CPI) annual rate eased to 3.5% – a welcome drop from May's 4.2% – driven largely by a sharp decline in gasoline prices. This softer-than-expected inflation print, coupled with record-setting profits from major lenders like JPMorgan Chase, has ignited hopes for a more favorable economic outlook.

Editorial Team1 min
Cooling Inflation and Robust Bank Earnings Ignite Wall Street Rally, But Oil Woes Loom
Economy 7/15/2026

Dangote Refinery Switches to Dollar Pricing, Fuel Depots See Sudden Price Hike

Nigeria's fuel market just got a jolt: the Dangote Petroleum Refinery, a major player, has abruptly switched to pricing its petrol, diesel, and aviation fuel in U.S. dollars, effectively ending naira-based transactions that began less than two years ago. This big shift, which took effect on July 13, 2026, has immediately sent ex-depot prices soaring by as much as N113 per litre for petrol, sparking worries about a new wave of pump price hikes across the country.

Editorial Team1 min
Dangote Refinery Switches to Dollar Pricing, Fuel Depots See Sudden Price Hike
Economy 7/15/2026

Oman's Green Shift: Vale and SQU Unearth Gold in Iron Ore Waste for Sustainable Future

In a significant leap towards sustainable industrialization, mining giant Vale and Oman's Sultan Qaboos University (SQU) have successfully wrapped up a two-year research initiative, unearthing groundbreaking uses for iron ore by-products in the construction sector. This collaboration confirms that 'ore sand' can be safely repurposed in everything from road construction to concrete, paving the way for Oman's first iron ore concentration plant at Sohar Port and Freezone to embrace a truly circular economy model from its inception. The findings, officially released on July 13, 2026, mark a pivotal moment for regional sustainable development and resource efficiency.

Editorial Team1 min
Oman's Green Shift: Vale and SQU Unearth Gold in Iron Ore Waste for Sustainable Future
Economy 7/15/2026

DP World Charts New Course: Fujairah Port to Skirt Volatile Strait of Hormuz

Dubai's port giant, DP World, is pushing ahead with plans for a major new port and container terminal in Fujairah on the UAE's east coast. This strategic move aims to create a vital alternative trade route, significantly reducing reliance on the Strait of Hormuz, a waterway recently rocked by severe disruptions from ongoing regional tensions. The urgency behind this project follows a drastic 90-95% drop in activity at DP World's flagship Jebel Ali Port after Iran effectively closed the Strait in response to recent US-Israeli actions.

Editorial Team1 min
DP World Charts New Course: Fujairah Port to Skirt Volatile Strait of Hormuz
Economy 7/14/2026

EU Unlocks Sweeping Air Travel Rights, Forcing Transparency and Boosting Passenger Protection

The European Union just gave its final stamp of approval to a massive overhaul of air passenger rights, promising clearer skies for millions of travelers across the bloc. On Monday, the Council of the European Union formally greenlit a package of reforms that will fundamentally reshape how airlines operate and how passengers are treated, especially during disruptions. These long-awaited changes, which already had the backing of the European Parliament, are set to kick in by mid-2027.

Editorial Team1 min
EU Unlocks Sweeping Air Travel Rights, Forcing Transparency and Boosting Passenger Protection
Economy 7/14/2026

Water Regulator Hits South East Water with £30.5M Penalty for Repeated Supply Failures

South East Water has been ordered to pay a hefty £30.5 million redress package by the water regulator Ofwat, after years of repeated supply failures and significant customer service issues. This landmark penalty follows three in-depth investigations that exposed widespread disruption and hardship for hundreds of thousands of homes and businesses across Kent and Sussex. The package aims to compensate affected customers and mandate critical improvements to the company's struggling infrastructure.

Editorial Team1 min
Water Regulator Hits South East Water with £30.5M Penalty for Repeated Supply Failures
Economy 7/14/2026

West Asia Crisis & Hormuz Blockade Ignite India's Wholesale Inflation to 9.87%

India's Wholesale Price Index (WPI) inflation has aggressively surged to 9.87% in June, a significant leap from May's 9.68%, driven by the escalating West Asia crisis and a critical, reinstated US blockade of the Strait of Hormuz. This sharp increase, announced by the Commerce and Industry Ministry, is hitting essential mineral oils, basic metals, and food items particularly hard, signaling a tough economic road ahead for the nation.

Editorial Team1 min
West Asia Crisis & Hormuz Blockade Ignite India's Wholesale Inflation to 9.87%
Economy 7/14/2026

Global Oil Surges, KLCI Rises as US Blockade Ignites Strait of Hormuz Tensions

Global markets are on edge after US President Donald Trump announced the reinstatement of a naval blockade on Iran in the critical Strait of Hormuz, a move that sent crude oil prices soaring and helped Malaysia's FBM KLCI reclaim the 1,700-point level. Brent crude futures, a key global benchmark, jumped by more than 9% overnight to nearly US$85 a barrel, while US West Texas Intermediate (WTI) crude also saw significant gains, rising over 9% to top US$80 a barrel. This sharp escalation in geopolitical tension immediately hit energy supply fears, pushing the Kuala Lumpur Composite Index to close at 1,719.94, its highest in three weeks, driven by a rally in oil and gas heavyweight stocks.

Editorial Team1 min
Global Oil Surges, KLCI Rises as US Blockade Ignites Strait of Hormuz Tensions
Economy 7/14/2026

India-US Trade Pact Framework Ready Amid Tariff Tensions

India and the United States are on the cusp of formalizing a significant trade agreement, with a framework deal now finalized and ready for signing at an opportune moment, Commerce Secretary Rajesh Agarwal announced on Monday. New Delhi is actively pushing for a tariff structure within this pact that grants India a competitive edge over other nations, especially as the US is considering new import duties. This development signals a major step in bolstering economic ties between the two global powers.

Editorial Team1 min
India-US Trade Pact Framework Ready Amid Tariff Tensions
Economy 7/14/2026

Indian Markets Eye Fundamentals: Valuation Concerns Linger for Broader Stocks

In a significant shift, investment strategist Vikas Gupta of OmniScience Capital asserts that Indian equity markets have finally moved past the 'war and peace' narrative, with investor focus now squarely on core company fundamentals. While he sees potential for higher earnings growth in broader markets like mid and small caps, Gupta cautions that their current stretched valuations might prevent them from outperforming large-cap stocks over a 3-5 year period.

Editorial Team1 min
Indian Markets Eye Fundamentals: Valuation Concerns Linger for Broader Stocks
Economy 7/14/2026

India's West Asia Exports Rebound in June Amid Persistent Strait of Hormuz Tensions

India's trade resilience shone through in June, with exports to West Asia rebounding to hit USD 5 billion, marking a 7.29 percent year-on-year growth. This 'evening out' in shipments, announced by Commerce Secretary Rajesh Agrawal, signals a significant recovery from the disruptions caused earlier in the year by the ongoing US-Iran conflict which had severely impacted vital shipping lanes.

Editorial Team1 min
India's West Asia Exports Rebound in June Amid Persistent Strait of Hormuz Tensions
Economy 7/14/2026

Trump's Hormuz Toll Jolts Global Oil Markets, Sparks India's Trade Fears

In a bombshell move, former US President Donald Trump announced on Monday the reinstatement of a naval blockade on Iranian ports and an unprecedented 20% cargo levy on all non-Iranian shipping passing through the critical Strait of Hormuz. Framing the charge as compensation for American forces securing the route amidst escalating US-Iran hostilities, the declaration immediately sent shivers through global energy markets, with Brent crude prices jumping more than 4% to nearly $82 a barrel.

Editorial Team1 min
Trump's Hormuz Toll Jolts Global Oil Markets, Sparks India's Trade Fears
Economy 7/14/2026

US States Rebel: Multi-Billion Dollar Paramount-Warner Merger Hit by Antitrust Lawsuit

A massive $110 billion deal to merge media giants Paramount Global and Warner Bros. Discovery is now facing a fierce legal battle, as twelve US states, led by California and New York, have filed an antitrust lawsuit to block the acquisition. This breaking challenge comes just weeks after the U.S. Department of Justice (DOJ) surprisingly gave its green light to the mega-merger, setting up a rare and significant showdown between state and federal antitrust enforcement.

Editorial Team1 min
US States Rebel: Multi-Billion Dollar Paramount-Warner Merger Hit by Antitrust Lawsuit
Economy 7/14/2026

Gold's Fate Hangs on Today's CPI Report Amidst Middle East Tensions

Global markets are holding their breath as the highly anticipated US Consumer Price Index (CPI) report for June 2026 drops today, with gold's recent recovery from two-week lows teetering on the edge. Analysts expect headline inflation to cool slightly thanks to easing petrol prices, but sticky core inflation, a key metric for policymakers, could keep the Federal Reserve on a hawkish path. This crucial economic data arrives as renewed US-Iran hostilities escalate, sending Brent crude oil prices soaring and reigniting broader inflation fears, creating a volatile backdrop for investors globally.

Editorial Team1 min
Gold's Fate Hangs on Today's CPI Report Amidst Middle East Tensions
Economy 7/14/2026

Uzbekistan's Economic Leap: New Financial Hub, AI Loans Ignite Entrepreneurial Boom

Uzbekistan is rapidly transforming its economic landscape, with a major boost just announced: the establishment of the Tashkent International Financial Center (TIFC) on July 13, 2026. This new hub, operating under a special legal regime with English law, tax breaks, and robust investor protection, aims to attract global capital and foster innovation in financial services. Coming on the heels of Uzbekistan being named 'Country of the Year' by StartupBlink for the fastest-growing startup ecosystem worldwide, this move signals an aggressive push to become a regional economic powerhouse.

Editorial Team1 min
Uzbekistan's Economic Leap: New Financial Hub, AI Loans Ignite Entrepreneurial Boom
Economy 7/13/2026

Africa Unites Economists to Forge Homegrown Solutions in a Tumultuous World

In a pivotal move to champion its economic future, Africa has officially launched the African Chief Economists Network (ACE-Network), a new continental platform designed to ensure policymakers across the continent make decisions based on solid research. Unveiled at the recently concluded 2026 African Economic Conference (AEC) in Abidjan, Côte d'Ivoire, this network brings together top economic minds to craft coordinated, African-led solutions for the complex global challenges ahead.

Editorial Team1 min
Africa Unites Economists to Forge Homegrown Solutions in a Tumultuous World
Economy 7/13/2026

EU Unlocks Farmer Aid as Food Security Soars Amidst Geopolitical Tensions

The European Union has decisively moved to support its farmers, with the EU Council today adopting key measures to tackle skyrocketing fertiliser costs and safeguard food security. Irish Agriculture Minister Martin Heydon hailed the decision as a 'very decisive clear action' to back farmers, underscoring that food security remains 'at the forefront' of everyone's concerns. This move is crucial as farmers across Europe face immense pressure from disrupted supply chains and soaring input prices, threatening crop yields for upcoming seasons.

Editorial Team1 min
EU Unlocks Farmer Aid as Food Security Soars Amidst Geopolitical Tensions
Economy 7/13/2026

Emboldened India Pushes for Better Terms, Slowing US Trade Deal

India has notably put the brakes on a swift trade agreement with the United States, choosing to hold out for significantly more favorable terms, despite Washington's push for a quick deal. This firm stance by New Delhi stems from a surge in confidence, buoyed by new international trading partners, a stronger domestic economy, and recent political wins. The latest round of talks, including a visit by US Trade Representative Jamieson Greer to New Delhi last month, failed to finalize an interim agreement, with India's officials making it clear they won't rush into an unfavorable pact, especially concerning agriculture.

Editorial Team1 min
Emboldened India Pushes for Better Terms, Slowing US Trade Deal
Economy 7/13/2026

China's Robot Revolution Sparks Mass Job Loss, Reshaping Global Labor Landscape

China's manufacturing heartland is quietly facing a dramatic upheaval. In places like Kunshan, which once churned out a third of the world's laptops, millions of low-skilled workers are finding themselves without jobs as factories rapidly replace human hands with industrial robots and advanced artificial intelligence. This massive shift, impacting tens of millions, highlights a painful reality: China's aggressive push to become a high-tech superpower is leaving a significant portion of its traditional workforce behind, forcing many into the insecure gig economy.

Editorial Team1 min
China's Robot Revolution Sparks Mass Job Loss, Reshaping Global Labor Landscape
Economy 7/13/2026

Big-Box Giants Build Homes: Costco and Target Lead Urban Housing Revolution

Big-box giants Costco and Target are flipping the script on urban expansion, teaming up with affordable housing developers to build homes directly above and alongside their stores in bustling city centers. This isn't just about selling more groceries; it's a strategic move to unlock scarce urban land and address the growing need for affordable places to live, with major projects underway from Los Angeles to New York City.

Editorial Team1 min
Big-Box Giants Build Homes: Costco and Target Lead Urban Housing Revolution
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