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

Economy

1265 articles · sorted by newest first

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Latest in Economy

Latest in Economy
20 results
Economy 5/28/2026

Housing tax shake-up tabled in parliament

The Federal Government today tabled its highly anticipated Housing Affordability Bill in parliament, a sweeping tax shake-up designed to cool the overheated property market and increase supply. However, the bill's ambitious reforms, which include adjustments to Capital Gains Tax and Negative Gearing, now face a precarious path, with its fate squarely in the hands of The Greens on the Senate Crossbench.

Editorial Team1 min
Housing tax shake-up tabled in parliament
Economy 5/28/2026

Eli Lilly expands vaccine pipeline with US$3.83B acquisition of three biotech firms

Eli Lilly just dropped US$3.83 billion to acquire Curevo, LimmaTech Biologics, and The Vaccine Company, signaling an aggressive, critical pivot into the vaccine market. This triple acquisition, Lilly's eighth, ninth, and tenth M&A deals of 2026, dramatically expands its therapeutic reach beyond its dominant, but increasingly competitive, GLP-1 franchises.

Editorial Team1 min
Eli Lilly expands vaccine pipeline with US$3.83B acquisition of three biotech firms
Economy 5/28/2026

India, South Korea to form sub-groups on digital trade, supply chains under CEPA upgrade talks

India and South Korea are accelerating efforts to upgrade their Comprehensive Economic Partnership Agreement (CEPA), establishing dedicated sub-groups for digital trade and critical supply chains. This move, announced following recent negotiations, signals a strategic pivot towards deeper economic integration and resilience amidst global trade volatility and evolving technological landscapes.

Editorial Team1 min
India, South Korea to form sub-groups on digital trade, supply chains under CEPA upgrade talks
Economy 5/28/2026

India Tops Consumer Confidence Rankings With Score Of 66.6 In May

India has once again cemented its position as the global leader in consumer confidence, notching an impressive 66.6 in May 2026, a slight uptick from April. This continued buoyancy, even amidst persistent global geopolitical headwinds, signals robust domestic demand and underlying economic resilience, making India a critical outlier in the current fragmented global landscape.

Editorial Team1 min
India Tops Consumer Confidence Rankings With Score Of 66.6 In May
Economy 5/28/2026

Adani Group stocks erase Hindenburg-era losses as mkt value nears $199 bn

The Adani Group has dramatically recovered, with its combined market capitalization now nearing $199 billion (Rs 19 trillion), fully erasing losses triggered by the 2023 Hindenburg Research report. This robust rebound signals a significant shift in investor sentiment and a strong validation of the conglomerate's strategic pivots and core asset strength following an intense period of scrutiny.

Editorial Team1 min
Adani Group stocks erase Hindenburg-era losses as mkt value nears $199 bn
Economy 5/28/2026

ICYMI - Goldman Sachs lifts S&P 500 target to 8,000 on AI-fuelled earnings surge

Goldman Sachs has dramatically increased its S&P 500 year-end target to 8,000, driven by what it calls an "exceptionally strong" earnings surge, with AI infrastructure beneficiaries fueling roughly half of the projected 24% growth for 2026. This bold forecast, implying 6% further upside, positions the investment bank as a leading bull, even as other major institutions like Morgan Stanley maintain more conservative outlooks closer to 7,700, underscoring a widening divergence in Wall Street sentiment.

Editorial Team1 min
ICYMI - Goldman Sachs lifts S&P 500 target to 8,000 on AI-fuelled earnings surge
Economy 5/28/2026

US Stock Market: Mortgage rates hit 9-month high as inflation worries deepen

US mortgage rates just surged past 6.65%, hitting a nine-month high last week, as stubbornly persistent core inflation forces the Federal Reserve to maintain its hawkish posture longer than markets had anticipated. This jump, driven largely by elevated oil prices and robust wage growth, directly throttles housing affordability for millions of prospective buyers.

Editorial Team1 min
US Stock Market: Mortgage rates hit 9-month high as inflation worries deepen
Economy 5/28/2026

China to grant market access to eligible coffee beans from 53 African countries starting July 20

China just uncorked a new frontier for its booming coffee market, announcing that starting July 20, 2026, eligible coffee beans from all 53 African nations with diplomatic ties will gain market access. This move by the General Administration of Customs signals Beijing's dual play: securing diverse commodity sources for its rapidly growing domestic consumption while simultaneously deepening its geopolitical and economic influence across the African continent.

Editorial Team1 min
China to grant market access to eligible coffee beans from 53 African countries starting July 20
Economy 5/27/2026

Energy bills to soar by £221 per year as Middle East conflict drags on, see how much yours could rise

UK households are bracing for a fresh economic blow as energy bills are projected to surge by an average of £221 annually, or £18 per month, a direct consequence of the escalating and protracted Middle East conflict. This sharp increase, set to take effect from autumn, reflects a significant jump in wholesale energy costs, pushing the nation's "Cost of Living Crisis" into a more critical phase.

Editorial Team1 min
Energy bills to soar by £221 per year as Middle East conflict drags on, see how much yours could rise
Economy 5/27/2026

Financial Markets Underestimate Geopolitical and Fiscal Risks, ECB Warns

The European Central Bank (ECB) delivered a stark warning today, asserting that financial markets are dangerously underpricing the twin threats of escalating geopolitical tensions, particularly from the Middle East, and the mounting burden of government debt across the Eurozone. Speaking through its latest Financial Stability Review, the central bank underscored a pervasive market complacency, suggesting investors have become overly sanguine about tail risks that could rapidly derail economic stability.

Editorial Team1 min
Financial Markets Underestimate Geopolitical and Fiscal Risks, ECB Warns
Economy 5/27/2026

Inheritance no solution: 61% of Spaniards see inheriting a home as almost impossible

A staggering 61% of Spaniards now view inheriting a home as an almost impossible feat, highlighting a deepening generational chasm in one of Europe's most challenging housing markets. This stark perception underscores how precarious property ownership has become, even as inheritances theoretically offer a pathway, revealing a crisis far beyond typical market fluctuations.

Editorial Team1 min
Inheritance no solution: 61% of Spaniards see inheriting a home as almost impossible
Economy 5/27/2026

SolarPower Europe - Europe's energy crisis solar savings pass €10 billion

Europe's relentless pivot to solar power has yielded a staggering €10 billion in avoided natural gas import costs since the latest Middle East conflict escalated earlier this year, according to a recent analysis by SolarPower Europe. This substantial saving underscores solar's immediate, tangible impact on energy security, effectively shielding the continent from further volatility fueled by geopolitical instability.

Editorial Team1 min
SolarPower Europe - Europe's energy crisis solar savings pass €10 billion
Economy 5/27/2026

Washington health insurance rates could rise 22.4% on average in 2027

Washington residents face a stark reality as insurers propose an average 22.4% increase for 2027 health coverage purchased on the individual market, a move that could significantly inflate premiums for hundreds of thousands. These initial rate filings, submitted to the Washington State Office of the Insurance Commissioner (OIC) this month, signal growing financial strain on a sector already grappling with escalating costs. The proposed hikes underscore persistent challenges in stabilizing the state's healthcare landscape.

Editorial Team1 min
Washington health insurance rates could rise 22.4% on average in 2027
Economy 5/27/2026

GDP is a flawed measure of prosperity. Alternatives are on the way

The United Nations, grappling with escalating global inequalities and ecological crises, has recently unveiled a consolidated framework, tentatively referred to as the "Global Progress Indicator (GPI)", aimed at significantly augmenting Gross Domestic Product (GDP) as the primary measure of national well-being. This initiative, championed by the UN Economic and Social Council (ECOSOC) and backed by a growing coalition of member states, signals a decisive push towards multi-dimensional metrics beyond mere economic output, promising a more holistic view of development.

Editorial Team1 min
GDP is a flawed measure of prosperity. Alternatives are on the way
Economy 5/27/2026

Consumer confidence slips for first time in months

U.S. consumer confidence suffered its first decline in four months, dipping 0.7 points to 93.1 in May, a level not witnessed since late 2025. The unexpected downturn, reported Tuesday, signals growing unease among Americans grappling with persistent inflation, primarily stoked by the intensifying U.S.-Israeli conflict's ripple effects through global energy markets.

Editorial Team1 min
Consumer confidence slips for first time in months
Economy 5/27/2026

Zimbabwe's annual ZiG inflation eases to 4.4 pct in May

Zimbabwe's ambitious gambit to restore economic stability gained a critical, albeit tentative, victory as annual inflation, measured in its new gold-backed currency, the Zimbabwe Gold (ZiG), eased to 4.4 percent in May, down from April's 4.8 percent. Data released by the Zimbabwe National Statistics Agency (ZimStat) on Tuesday offers a sliver of hope that the fledgling currency, launched just over two years ago, might be beginning to anchor consumer prices amidst persistent skepticism.

Editorial Team1 min
Zimbabwe's annual ZiG inflation eases to 4.4 pct in May
Economy 5/27/2026

UK sanctions crypto networks funding Putin’s war machine

The UK has intensified its economic warfare against Russia, unveiling a fresh wave of sanctions targeting specific crypto networks and facilitators deemed critical to funding Vladimir Putin's war machine. This move, spearheaded by HM Treasury and its Office of Financial Sanctions Implementation (OFSI), aims to sever the digital lifelines that have allowed Moscow to circumvent traditional financial restrictions and acquire crucial dual-use goods for its ongoing conflict in Ukraine.

Editorial Team1 min
UK sanctions crypto networks funding Putin’s war machine
Economy 5/26/2026

Minister John-Paul Langbroek reveals how 1,000 new educators are tackling classroom burnout - 4BC

Queensland is injecting over 1,000 new educators into its state education system this year, a significant surge aimed at arresting a deepening teacher shortage and mitigating classroom burnout. Education Minister John-Paul Langbroek confirmed the push, acknowledging the critical need for robust workforce planning initiatives to stabilize the public schooling sector.

Editorial Team1 min
Minister John-Paul Langbroek reveals how 1,000 new educators are tackling classroom burnout - 4BC
Economy 5/26/2026

Uncertainty in West Asia pushes rupee down to 95.38 per dollar

India's rupee plunged to an unprecedented 95.38 against the US dollar today, driven by a rapid escalation of geopolitical tensions across West Asia. The sharp depreciation follows Brent crude's overnight surge past $98 per barrel, as market fears mount over the security of vital oil shipping routes amidst a widening regional conflict that now directly threatens energy supply chains.

Editorial Team1 min
Uncertainty in West Asia pushes rupee down to 95.38 per dollar
Economy 5/26/2026

Sri Lanka raises interest rate by bigger-than-expected 100 bps amid M.East crisis

In an unexpected move signaling heightened economic distress, the Central Bank of Sri Lanka (CBSL) has hiked its key interest rate by a larger-than-forecasted 100 basis points, pushing borrowing costs higher as the nation grapples with severe imported inflation stemming from an intensifying Middle East crisis. This hawkish pivot underscores Colombo's urgent fight to stabilize its fragile post-default economy amid global commodity price shocks and disrupted supply chains.

Editorial Team1 min
Sri Lanka raises interest rate by bigger-than-expected 100 bps amid M.East crisis
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