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

Economy

998 articles · sorted by newest first

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Latest in Economy

Latest in Economy
20 results
Economy 6/1/2026

VFS Global Faces Backlash Over Allegations of Misleading Practices

An international investigative consortium has just rocked the global visa services sector, dropping a comprehensive report on VFS Global. The probe, "Visa Mill Scandals," details allegations of systemic coercive upselling for services like "premium lounge" access and expedited processing, often unnecessary. Compounding the issue are accusations of undisclosed surcharges and alarming data privacy breaches across key markets, sparking immediate regulatory reviews from Delhi to Brussels.

Editorial Team1 min
VFS Global Faces Backlash Over Allegations of Misleading Practices
Economy 6/1/2026

FPI outflow nears Rs 33,000 crore in May as volatile rupee, oil shock keep foreign investors cautious

Foreign Portfolio Investors (FPIs) accelerated their exit from Indian equities in May, pulling nearly Rs 33,000 crore, escalating the year-to-date outflow past Rs 2.25 lakh crore. This sharp capital flight underscores growing foreign investor apprehension, fueled by a weakening rupee and stubborn global commodity prices that are increasingly challenging India's macroeconomic stability.

Editorial Team1 min
FPI outflow nears Rs 33,000 crore in May as volatile rupee, oil shock keep foreign investors cautious
Economy 5/31/2026

RBI rate decision and US-Iran tensions set to keep markets on edge next week

Indian markets closed sharply lower, with the Sensex shedding over 1,000 points and the Nifty falling 1.5%, as investors brace for the Reserve Bank of India's impending monetary policy decision and escalating geopolitical friction between the US and Iran. The confluence of domestic rate uncertainty and renewed Middle East instability is fueling a pronounced "risk-off" sentiment, pushing benchmark indices into negative territory ahead of a critical week.

Editorial Team1 min
RBI rate decision and US-Iran tensions set to keep markets on edge next week
Economy 5/31/2026

Trade Setup for June 1: Nifty hovers around key supports with RBI Policy the next major trigger

Indian equities face a decisive week, with the Nifty 50 index clinging to crucial technical support levels as investors anticipate the Reserve Bank of India's (RBI) pivotal monetary policy decision. The market is keenly watching whether the RBI's Monetary Policy Committee prioritizes controlling persistent inflation, particularly in food and energy, or leans towards supporting a moderating economic growth trajectory, making its stance on interest rates the primary domestic catalyst.

Editorial Team1 min
Trade Setup for June 1: Nifty hovers around key supports with RBI Policy the next major trigger
Economy 5/31/2026

How Gulf energy trade is building resilience through flexibility

Gulf energy majors are fundamentally reshaping their trade strategies, pivoting hard into flexibility and diversification as geopolitical tremors and energy transition demands accelerate. Case in point: ADNOC's aggressive expansion of its integrated gas business, including new long-term LNG supply deals with European and Asian buyers that incorporate dynamic pricing and destination options, significantly reducing reliance on static, single-destination crude contracts.

Editorial Team1 min
How Gulf energy trade is building resilience through flexibility
Economy 5/31/2026

China factory activity stalls in May as demand weakens - Reuters

China's manufacturing engine sputtered to a halt in May 2026, with the official Purchasing Managers' Index (PMI) flatlining at the critical 50-point mark, indicating zero growth. This stagnation, primarily driven by persistently weak domestic and export demand, intensifies pressure on Beijing to unleash more robust fiscal and monetary stimulus to avert a deeper economic slowdown. The data underscores a fragile recovery struggling against structural headwinds.

Editorial Team1 min
China factory activity stalls in May as demand weakens - Reuters
Economy 5/31/2026

Iran conflict’s positive side: India Inc goes for recycled plastic

The intensifying Iran conflict has sent global crude oil prices soaring, inadvertently forcing India's vast manufacturing sector to accelerate its pivot towards recycled plastics. This economic imperative is now rapidly reshaping sourcing strategies across India Inc, offering a market-driven solution where existing Extended Producer Responsibility (EPR) regulations have been criticized for their leniency towards virgin plastic consumers.

Editorial Team1 min
Iran conflict’s positive side: India Inc goes for recycled plastic
Economy 5/31/2026

India-U.S. trade talks face hurdles over dairy, agri

Hopes for a swift resolution in the protracted India-U.S. bilateral trade negotiations have dimmed further following the latest round of talks, with persistent disagreements over market access for agricultural products and the sensitive dairy sector proving intractable. Despite intensified diplomatic engagement, both sides remain entrenched, jeopardizing a potential "Mini Trade Deal" that has been on the table for years and stalling broader economic cooperation ambitions. The current impasse signals a significant challenge to the strategic partnership, particularly as global supply chains recalibrate.

Editorial Team1 min
India-U.S. trade talks face hurdles over dairy, agri
Economy 5/31/2026

Indian crude basket below $100/bbl, 1st since March 6

The Indian crude basket has plunged below $100 per barrel for the first time since early March, settling at $98.55 on Friday. This significant dip, fueled by cooling global crude benchmarks, marks a welcome reprieve for the world's third-largest oil importer, signaling a potential ease in domestic inflationary pressures and bolstering the Indian rupee.

Editorial Team1 min
Indian crude basket below $100/bbl, 1st since March 6
Economy 5/31/2026

Miliband's ruining British steel, blasts Millennium Dome builder

Simon Richards, the famed property developer behind the Millennium Dome, has launched a scathing critique of Ed Miliband's (Labour's Shadow Climate Secretary) ambitious decarbonization agenda for British steel. Richards warns that overly aggressive "green policies" threaten the sector's viability and, by extension, UK national security, sparking a renewed debate over the pace and cost of the industrial transition.

Editorial Team1 min
Miliband's ruining British steel, blasts Millennium Dome builder
Economy 5/31/2026

Will ceasefires in Iran and Ukraine be enough to stabilize markets?

Simultaneous, albeit precarious, ceasefires in Ukraine and the Persian Gulf have triggered a global market rally this Friday, with Brent crude prices plummeting nearly 8% and equity indices surging worldwide. The twin breakthroughs, announced within hours, offer a glimmer of hope for easing the acute geopolitical risk premium that has roiled commodity and financial markets for the past year.

Editorial Team1 min
Will ceasefires in Iran and Ukraine be enough to stabilize markets?
Economy 5/31/2026

Economic affairs dept warns of risks

India's Department of Economic Affairs (DEA) has issued a sober warning, projecting a near-term economic outlook of "cautious resilience" even as robust domestic fundamentals confront escalating global shocks. This assessment, delivered in its latest review, underscores a delicate balance: a strong internal growth trajectory set against an increasingly volatile international landscape, particularly from the persistent West Asia Conflict and its ripple effects.

Editorial Team1 min
Economic affairs dept warns of risks
Economy 5/31/2026

Inflation gauge hits multiyear high as American consumer confidence slides

The U.S. economy just delivered a brutal one-two punch: April's Personal Consumption Expenditures (PCE) index, the Federal Reserve's preferred inflation gauge, soared to a multiyear high of 4.2% year-over-year, simultaneously eroding already fragile American consumer confidence to its lowest point since late 2023. This twin blow intensifies pressure on the Fed and threatens a critical election cycle.

Editorial Team1 min
Inflation gauge hits multiyear high as American consumer confidence slides
Economy 5/31/2026

Rail services slashed after Thameslink nationalised - The Telegraph

The UK's Department for Transport (DfT) has initiated sweeping service cuts across the newly nationalised Thameslink network, immediately following the expiry of Govia Thameslink Railway's (GTR) contract. Commuters face substantial reductions in peak-hour services and overall timetable frequency as the state-owned Operator of Last Resort (OLR) takes the reins, citing the need for operational rationalisation and cost-efficiency. This move signals a decisive, if disruptive, shift in the government's long-term strategy for Britain's beleaguered rail system.

Editorial Team1 min
Rail services slashed after Thameslink nationalised - The Telegraph
Economy 5/30/2026

Finance Ministry Monthly Economic Review: Hormuz disruption remains single most consequential variable for India's external, price outlook - Details

India's Finance Ministry has sounded a stark warning: escalating tensions in the Strait of Hormuz now represent the singular, most critical threat to the nation's external balances and domestic price stability. The recent uptick in reported incidents, including a significant near-miss involving a tanker last week, has reignited fears of a major disruption to global oil flows, directly jeopardizing India's macroeconomic outlook.

Editorial Team1 min
Finance Ministry Monthly Economic Review: Hormuz disruption remains single most consequential variable for India's external, price outlook - Details
Economy 5/30/2026

Breaking: Tinubu breaks silence on what fuel subsidy would have done to Nigeria before his emergence

President Bola Ahmed Tinubu this week forcefully defended his administration's controversial decision to eliminate fuel subsidies, asserting that the move was critical in averting Nigeria's imminent financial collapse and has since laid the groundwork for robust economic recovery. Speaking at a recent National Economic Council meeting, Tinubu emphasized the unsustainable drain on public finances that had made the subsidy regime a direct threat to the nation's solvency.

Editorial Team1 min
Breaking: Tinubu breaks silence on what fuel subsidy would have done to Nigeria before his emergence
Economy 5/30/2026

Indonesia Cuts CPO Reference Price by $20 as One-Gate Export Nears - Jakarta Globe

Indonesia, the world's largest producer, has just slashed its Crude Palm Oil (CPO) reference price by $20/ton, a significant move signaling the imminent launch of its controversial "one-gate" export policy. This aggressive intervention by Jakarta is sending ripples through global commodity markets, immediately pressuring SGX-listed palm oil players who now face tighter margins and increased regulatory uncertainty.

Editorial Team1 min
Indonesia Cuts CPO Reference Price by $20 as One-Gate Export Nears - Jakarta Globe
Economy 5/30/2026

Physician groups welcome landmark overhaul of federal dispute process

Federal regulators have finally unveiled a revamped Independent Dispute Resolution (IDR) Operations Rule, offering a crucial lifeline to healthcare providers besieged by a chaotic "No Surprises Act" implementation. Released on May 28, the new guidance addresses critical bottlenecks and procedural ambiguities, drawing applause from major physician societies like the ASA, ACEP, and ACR who have long decried the system's dysfunction and its impact on patient access. This "landmark overhaul" signals a significant federal concession, aiming to unstick a dispute resolution process that has choked the healthcare payment ecosystem.

Editorial Team1 min
Physician groups welcome landmark overhaul of federal dispute process
Economy 5/30/2026

Exclusive | How Replimune’s Drug Got Third Chance After White House Intervention - WSJ

Replimune, the clinical-stage biotech firm, is getting a third shot at FDA approval for its lead oncolytic immunotherapy, RP1, following what sources describe as a "White House intervention" and a significant shake-up at the agency. This unprecedented move, weeks after the departure of influential FDA advisor Dr. Marty Makary, has sent Replimune's stock soaring and ignited fierce debate over regulatory independence versus presidential pressure on drug access.

Editorial Team1 min
Exclusive | How Replimune’s Drug Got Third Chance After White House Intervention - WSJ
Economy 5/30/2026

Micro-loans: The new financial lifeline for South Africans

South Africa's consumer credit landscape is undergoing a silent but significant transformation. The latest Q1 2026 data from the National Credit Regulator (NCR) reveals a dramatic surge in the number of micro-loans, often below R5,000, even as the average size of traditional personal loans shrinks. This signals a troubling shift where millions of South Africans are increasingly relying on high-cost, short-term debt simply to cover daily survival expenses, rather than for asset acquisition.

Editorial Team1 min
Micro-loans: The new financial lifeline for South Africans
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