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

1265 articles · sorted by newest first

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Latest in Economy

Latest in Economy
20 results
Economy 6/4/2026

NPCI International launches cross-border UPI payments in Cambodia

NPCI International Payments Limited (NIPL), the global arm of India's National Payments Corporation, has officially launched its Unified Payments Interface (UPI) in Cambodia, partnering with ACLEDA Bank Plc. This strategic move enables instant, secure, and low-cost cross-border transactions between India and Cambodia, marking a significant push for India's digital payment rails into Southeast Asia and targeting an estimated 200,000 annual Indian tourists. The initiative aims to dramatically simplify remittances and commercial transactions, leveraging UPI's proven efficiency.

Editorial Team1 min
NPCI International launches cross-border UPI payments in Cambodia
Economy 6/4/2026

New USTR tariff threats deepen trade uncertainty for India and beyond

The United States Trade Representative (USTR) has intensified pressure on India, threatening a new wave of Retaliatory Tariffs under Section 301 of the Trade Act of 1974. This aggressive stance comes as Washington seeks to bypass prior court setbacks experienced by the Trump Administration's use of emergency trade powers, specifically targeting India's Digital Services Tax (DST) and other perceived Market Access Barriers.

Editorial Team1 min
New USTR tariff threats deepen trade uncertainty for India and beyond
Economy 6/3/2026

AstraZeneca warns of the loss of competitiveness of the European pharmaceutical sector

AstraZeneca has issued a stark warning: Europe's pharmaceutical sector is critically losing ground to the US and China. Laura Colón, President of AstraZeneca Spain, used the prestigious Cercle d'Economia Annual Meeting in Barcelona to highlight how stifling regulation and bureaucratic red tape are pushing innovation and investment away from the continent, threatening its ability to deliver life-saving drugs.

Editorial Team1 min
AstraZeneca warns of the loss of competitiveness of the European pharmaceutical sector
Economy 6/3/2026

Massachusetts attorney general’s lawsuit alleges $100M fraud by UnitedHealthcare

Massachusetts Attorney General Andrea Campbell has launched a blockbuster lawsuit against healthcare behemoth UnitedHealthcare, alleging the insurer perpetrated a massive, years-long fraud scheme worth over $100 million. The suit claims UnitedHealthcare systematically inflated risk scores for its Medicare Advantage members to illicitly boost capitation payments from the federal government, driven by a "growth-at-all-costs" strategy.

Editorial Team1 min
Massachusetts attorney general’s lawsuit alleges $100M fraud by UnitedHealthcare
Economy 6/3/2026

Remote Work, Not AI, Sidelines Young Graduates in a Shifting Job Market

New research from the New York Fed reveals a structural shift in the job market, identifying remote work, not AI, as the primary culprit behind the surging unemployment rate among young college graduates. The study, released in late May 2026, attributes 64% of the post-pandemic rise in joblessness for this demographic to firms' reluctance to hire juniors into distributed teams, citing challenges in effective mentorship and feedback at a distance.

Editorial Team1 min
Remote Work, Not AI, Sidelines Young Graduates in a Shifting Job Market
Economy 6/3/2026

Australia services PMI slips to 48.7 as Middle East war hammers demand

Australia's services sector plunged into contraction in May 2026, with the S&P Global PMI hitting a concerning 48.7. This sharp downturn, driven by the escalating Middle East conflict, has aggressively squeezed demand and sent fuel costs soaring, marking the fastest decline in new orders in two and a half years and the first job losses since late 2024, signaling a rapid deterioration in an economy already battling persistent inflation.

Editorial Team1 min
Australia services PMI slips to 48.7 as Middle East war hammers demand
Economy 6/3/2026

Bank of England faces calls from UK lawmakers to ease stablecoin plans

On June 3, 2026, a cross-party House of Lords Economic Affairs Committee delivered a pointed critique to the Bank of England, urging a significant recalibration of its proposed stablecoin regulations. Lawmakers warned that the central bank's stringent approach, particularly concerning capital requirements and "onshoring" rules, risks suffocating the nascent sterling-backed stablecoin market and undermining the UK's ambition to become a global cryptoasset hub. This intervention highlights a growing ideological rift between financial stability and innovation-driven policy.

Editorial Team1 min
Bank of England faces calls from UK lawmakers to ease stablecoin plans
Economy 6/3/2026

India slips to seventh in global market cap rankings as South Korea pulls ahead

India's market capitalization has recently ceded its sixth-place global ranking, slipping to seventh as South Korea's surging equities pull ahead. This recalibration, starkly evident over the last quarter, primarily reflects a significant outflow of capital from foreign institutional investors (FIIs) seeking greener pastures in markets directly benefiting from the accelerating Artificial Intelligence (AI) boom, a sector where India's listed giants currently offer limited direct exposure.

Editorial Team1 min
India slips to seventh in global market cap rankings as South Korea pulls ahead
Economy 6/3/2026

Sheinbaum Leans on Private Investors to Fix Beleaguered Grid

President Claudia Sheinbaum's administration is discreetly but decisively pivoting Mexico's energy strategy, actively courting private capital to overhaul the nation's struggling electricity grid. Recent high-value deals spanning new power generation, expanded renewables, and critical transmission upgrades signal a pragmatic departure from prior nationalist energy policies, aiming to stem persistent blackouts and meet soaring industrial demand.

Editorial Team1 min
Sheinbaum Leans on Private Investors to Fix Beleaguered Grid
Economy 6/2/2026

Rising Fertiliser Costs Drive Downturn In Australian Wheat Production

Australia's pivotal role in global grain markets is under threat, with its 2026-27 wheat harvest projected to plummet by 26 per cent year-on-year. This severe downturn, confirmed by Canberra, is primarily a fallout from persistently elevated fertiliser prices, directly linked to the protracted Black Sea conflict and its cascading effects on energy and commodity markets.

Editorial Team1 min
Rising Fertiliser Costs Drive Downturn In Australian Wheat Production
Economy 6/2/2026

Immuneering Presents Promising Phase 2a Data For Atebimetinib In Pancreatic Cancer; Shares Drop 22%

Immuneering Corporation saw its shares plummet 22% Monday, despite reporting "promising" Phase 2a trial data for its lead oncology candidate, Atebimetinib, in first-line metastatic pancreatic cancer. While the combination therapy showed a 50% objective response rate in a notoriously intractable disease, investors signaled disappointment, suggesting the results fell short of the breakthrough performance anticipated in the high-stakes oncology market.

Editorial Team1 min
Immuneering Presents Promising Phase 2a Data For Atebimetinib In Pancreatic Cancer; Shares Drop 22%
Economy 6/2/2026

VCCI report points to unprecedented pace of business law reforms

The Vietnam Chamber of Commerce and Industry (VCCI) has released a compelling report highlighting an "unprecedented pace" of business law reforms, signaling Hanoi's intensified commitment to fostering a market-driven economy. Central to this push are four critical Politburo resolutions issued over the past year, which are now translating into tangible policy shifts like the recent amendment to the Law on Investment, dramatically streamlining entry for foreign and domestic enterprises into previously restricted sectors.

Editorial Team1 min
VCCI report points to unprecedented pace of business law reforms
Economy 6/2/2026

Business News | India's CPI Inflation Expected to Rise to 4.8% with Crude Oil Averaging USD 90/bbl in FY27: Report

India's inflation outlook has taken a sharp turn, with 360 ONE Capital projecting Consumer Price Index (CPI) inflation to climb to 4.8% in FY27, up 70 basis points from previous estimates. This sobering forecast, driven by a projected $90/bbl crude oil average and a downgraded domestic monsoon, significantly complicates the Reserve Bank of India's delicate balancing act between growth and price stability.

Editorial Team1 min
Business News | India's CPI Inflation Expected to Rise to 4.8% with Crude Oil Averaging USD 90/bbl in FY27: Report
Economy 6/2/2026

Open to selling more fertilisers to India from local JV plant: Oman

Oman has signaled its readiness to divert its entire share of OMIFCO urea and ammonia output to India, a direct response to the recently activated India-Oman Comprehensive Economic Partnership Agreement (CEPA). This strategic move aims to fortify India's fertilizer supply chain against persistent Strait of Hormuz disruptions and bolster food security for its massive agricultural sector.

Editorial Team1 min
Open to selling more fertilisers to India from local JV plant: Oman
Economy 6/1/2026

Peter Schiff Warns Inflation Will Be 'Bigger Threat' Under Trump Than Biden—But Tariffs Or The Iran War Aren't The Real Reason

Peter Schiff, the perennial inflation hawk and contrarian economist, has sharply diverged from conventional wisdom regarding the primary drivers of inflationary pressures under a prospective or actual Donald Trump presidency. On Sunday, Schiff contended on X that the real threat isn't Trump's signature tariffs or the specter of an Iran conflict, but rather the more insidious combination of unchecked government deficits and the Federal Reserve's perceived attempts to cap long-term interest rates. This reframes a critical economic debate ahead of a potentially tumultuous period.

Editorial Team1 min
Peter Schiff Warns Inflation Will Be 'Bigger Threat' Under Trump Than Biden—But Tariffs Or The Iran War Aren't The Real Reason
Economy 6/1/2026

India-Oman CEPA 2026: Tariff Concessions & CAROTAR Rules

India and Oman have officially activated their Comprehensive Economic Partnership Agreement (CEPA) as of June 1, 2026, marking a pivotal moment in bilateral trade. This landmark pact immediately offers duty-free access and significant tariff concessions across nearly 90% of goods, poised to supercharge trade volumes and diversify economic ties far beyond traditional energy sectors. The activation underscores New Delhi's strategic push into the Middle East amidst evolving global supply chain dynamics.

Editorial Team1 min
India-Oman CEPA 2026: Tariff Concessions & CAROTAR Rules
Economy 6/1/2026

Silver at Critical Inflection Point: VC PMI, Cycle, Square of 9 Signal Upside

Silver is currently charting a course for a significant upward breakout, with its spot price against the US Dollar pushing past critical resistance levels. This move is fueled by a potent mix of easing Federal Reserve hawkishness expectations, persistent global inflation concerns, and robust industrial demand, all converging to position silver as a prime beneficiary of the shifting macro landscape.

Editorial Team1 min
Silver at Critical Inflection Point: VC PMI, Cycle, Square of 9 Signal Upside
Economy 6/1/2026

Japan's factory growth slows as cost pressures surge, PMI shows

Japan's manufacturing sector experienced a notable slowdown in May, as surging input costs, driven by ongoing geopolitical tensions in the Middle East and strategic stockpiling efforts, blunted the momentum from record export order growth. The latest S&P Global Japan Manufacturing PMI data, while still indicating expansion above the 50-point threshold, suggests that global inflationary pressures are increasingly bottlenecking a crucial economic pillar, challenging the Bank of Japan's delicate policy normalisation path.

Editorial Team1 min
Japan's factory growth slows as cost pressures surge, PMI shows
Economy 6/1/2026

Jerome Powell warns that the Fed's credibility is at risk

In a pointed address accepting the John F. Kennedy "Profiles in Courage" award, former Federal Reserve Chair Jerome Powell issued a stark warning that the central bank's independence is undergoing a critical "stress test," imperiling its foundational credibility. His remarks, delivered just weeks after his chairmanship concluded, implicitly targeted the Trump administration's escalating pressures, including a criminal investigation into Fed building renovations and attempts to remove Governor Lisa Cook.

Editorial Team1 min
Jerome Powell warns that the Fed's credibility is at risk
Economy 6/1/2026

UK businesses remain deeply downbeat on outlook despite slight mood lift in May

UK businesses remain mired in deep pessimism, with a marginal May uplift failing to mask concerns over weak domestic demand and escalating costs driven by persistent Middle East tensions. Surveys from the Confederation of British Industry (CBI) and Institute of Directors (IoD) reveal output expectations are still sharply below pre-conflict levels, painting a bleak picture for the British economy. The Bank of England now faces an unenviable tightrope walk, caught between the need to stimulate demand and the imperative to tame inflation exacerbated by geopolitical shocks.

Editorial Team1 min
UK businesses remain deeply downbeat on outlook despite slight mood lift in May
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