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

1264 articles · sorted by newest first

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Latest in Economy

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20 results
Economy 5/26/2026

Russian ratified free trade agreement between EAEU, Indonesia

Russia has officially ratified the Free Trade Agreement between the Eurasian Economic Union and Indonesia, marking a crucial step towards deepening economic ties between the Moscow-led bloc and Southeast Asia's largest economy. This move underscores Russia's accelerating "pivot to Asia" strategy, seeking new markets and partners amidst persistent Western sanctions.

Editorial Team1 min
Russian ratified free trade agreement between EAEU, Indonesia
Economy 5/26/2026

3 popular restaurants closing locations in June – and the next wave is already underway

The axe is falling on hundreds of restaurant locations this June, as iconic chains Pizza Hut, Wendy's, and Red Robin accelerate strategic closures of underperforming units. This decisive downsizing, impacting both corporate and franchisee-owned sites, marks a critical inflection point for the casual dining sector grappling with a relentless surge in operational costs and a noticeable shift in consumer habits.

Editorial Team1 min
3 popular restaurants closing locations in June – and the next wave is already underway
Economy 5/25/2026

Parliamentary panel to hear views of Shipping Ministry on impact of West Asia crisis on India's maritime trade

India's parliamentary panel is set to convene a critical meeting, bringing together key ministries to address the escalating West Asia crisis and its profound disruption to the nation's maritime trade. The emergency session underscores New Delhi's growing alarm over persistent Houthi attacks in the Red Sea, which have forced widespread shipping reroutes and triggered a surge in freight rates and insurance premiums.

Editorial Team1 min
Parliamentary panel to hear views of Shipping Ministry on impact of West Asia crisis on India's maritime trade
Economy 5/25/2026

Kevin Warsh officially succeeds Jerome Powell as 11th Chair of US Federal Reserve

Kevin Warsh, a former Federal Reserve Governor known for his hawkish stance, has officially taken the helm as the 11th Chair of the US Federal Reserve. US President Donald Trump personally led the swearing-in ceremony at the White House, emphasizing his desire for Warsh to maintain "total independence," a pointed remark given Trump's previous public criticisms of the Fed's autonomy under his predecessor.

Editorial Team1 min
Kevin Warsh officially succeeds Jerome Powell as 11th Chair of US Federal Reserve
Economy 5/25/2026

Oil falls more than $4 as US, Iran remain at odds over peace deal

Global crude oil futures plunged over $4 a barrel on Monday as the elusive US-Iran "peace deal" remained firmly off the table, with diplomatic efforts stalling amidst escalating rhetoric. The market's sharp downturn reflects growing fears that persistent animosity between Washington and Tehran will continue to jeopardize oil transit through the critical Strait of Hormuz, maintaining a tight supply outlook.

Editorial Team1 min
Oil falls more than $4 as US, Iran remain at odds over peace deal
Economy 5/25/2026

Home sellers are frantically cutting prices in 5 cities across the country in dire sign for housing markets

Home sellers in once-booming sunbelt cities like Phoenix, Austin, and Boise are slashing asking prices at rates not seen since 2008, with over 45% of active listings in some areas seeing reductions last month. This aggressive repricing signals a profound shift in buyer sentiment and inventory dynamics, moving from a seller's market to one demanding concessions amidst persistent affordability challenges.

Editorial Team1 min
Home sellers are frantically cutting prices in 5 cities across the country in dire sign for housing markets
Economy 5/25/2026

Our demand for tech resources will fall in 3 years: Barclays India CEO & MD

Barclays India CEO & MD Pushkar Singh has announced a significant strategic pivot, projecting a substantial decline in the demand for new tech resources within three years. This shift is primarily driven by anticipated Artificial Intelligence-fueled productivity gains across its vast network of Global Capability Centers (GCCs), signaling a transformative period for India's crucial IT services sector.

Editorial Team1 min
Our demand for tech resources will fall in 3 years: Barclays India CEO & MD
Economy 5/24/2026

Rupee stabilisation, better earnings growth to bring FIIs back to Indian markets

After a protracted exodus, analysts are now flagging key inflection points that could trigger a significant reversal in foreign institutional investor (FII) sentiment towards Indian equities. May 2026 alone has seen FII selling hit Rs 30,374 crore, pushing the year-to-date outflows to a staggering Rs 1.5 lakh crore, driven by a stronger dollar and elevated global interest rates earlier in the year.

Editorial Team1 min
Rupee stabilisation, better earnings growth to bring FIIs back to Indian markets
Economy 5/24/2026

Oncology Therapy Market to Reach US$482.5 Billion by 2033 as High Cancer Mortality, Precision Medicine and Next-Generation Therapeutics Redefine Global Cancer Care

The global oncology therapy market is poised for an unprecedented surge, with a new DataM Intelligence report projecting its value to skyrocket from US$212.6 billion in 2025 to an astounding US$482.5 billion by 2033. This near-doubling, driven by a relentless 9.6% CAGR, underscores a radical shift in cancer treatment, propelled by the urgent demand to combat high cancer mortality rates and breakthroughs in next-generation therapeutics. The industry is effectively re-writing the playbook for global cancer care.

Editorial Team1 min
Oncology Therapy Market to Reach US$482.5 Billion by 2033 as High Cancer Mortality, Precision Medicine and Next-Generation Therapeutics Redefine Global Cancer Care
Economy 5/24/2026

Walmart CEO sends troubling message on economy, higher prices

Walmart CEO Doug McMillon delivered a stark warning this week, signaling deep consumer distress as shoppers increasingly prioritize essentials over discretionary goods. The retail giant's internal data, reflecting trends across millions of households, shows an acceleration in the shift towards value-oriented purchases, suggesting persistent inflationary pressures are now biting harder into household budgets than previously estimated. This pivot threatens broader economic growth and puts pressure on the Federal Reserve's "soft landing" narrative.

Editorial Team1 min
Walmart CEO sends troubling message on economy, higher prices
Economy 5/24/2026

Another Fuel Price Hike Unavoidable If Global Disruptions Continue: BPCL

Indian consumers are bracing for imminent retail fuel price hikes after Bharat Petroleum Corporation Ltd. (BPCL) signaled that a further increase is "unavoidable" if global energy disruptions persist. This stark warning, articulated by Director HR Raj Kumar Dubey, comes as the Indian government grapples with persistent geopolitical instability driving up crude oil costs, severely squeezing the margins of state-owned Oil Marketing Companies (OMCs).

Editorial Team1 min
Another Fuel Price Hike Unavoidable If Global Disruptions Continue: BPCL
Economy 5/24/2026

UBS sounds alarm on oil price for the rest of 2026

UBS just dramatically lifted its Brent crude forecast for the remainder of 2026, pushing its Q3 target to $105/barrel amid escalating and stubbornly persistent disruptions in the Strait of Hormuz. The Swiss banking giant's revision underscores a growing consensus that geopolitical risks in the Middle East are structurally re-pricing global oil supply, threatening to reignite inflation and derail a fragile global economic recovery.

Editorial Team1 min
UBS sounds alarm on oil price for the rest of 2026
Economy 5/24/2026

More War-Driven Inflation Seen in Fed’s Favored Gauge

The Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, has surged to an alarming 3.8% annually, propelled by a dramatic spike in energy costs tied to the escalating Strait of Aden Conflict. This unexpected acceleration, pushing the index perilously close to 4%, immediately upends any lingering hopes for near-term rate cuts and casts a long shadow over the U.S. economic outlook.

Editorial Team1 min
More War-Driven Inflation Seen in Fed’s Favored Gauge
Economy 5/23/2026

Landlord with 100 properties warns new negative gearing rules will create ‘two-class economy’

Australia's property sector is bracing for seismic shifts as the Albanese Labor government pushes through controversial reforms to negative gearing, prompting a stark warning from major landlord Robert Menzies that the changes will create a “two-class economy.” Menzies, who oversees a portfolio of over 100 properties, predicts an exodus of investors, a further tightening of the already strained rental market, and a widening gap between property owners and a permanent renter class. The proposed legislation, introduced to Parliament last month, aims to restrict negative gearing benefits to newly constructed dwellings, a move heralded by the government as a solution to the nation's severe housing affordability crisis.

Editorial Team1 min
Landlord with 100 properties warns new negative gearing rules will create ‘two-class economy’
Economy 5/23/2026

GCCI Urges Centre to Restore 5% Withholding Tax For FPIs In Govt Securities, Rupee Bonds

The Gujarat Chamber of Commerce and Industry (GCCI) has sharply escalated pressure on the Centre, urging an immediate restoration of the 5% withholding tax for Foreign Portfolio Investors (FPIs) in government securities and rupee bonds. This push comes as India's current 20% rate is widely seen as a punitive barrier, actively weakening the nation's appeal in increasingly competitive global debt markets and jeopardizing crucial capital inflows.

Editorial Team1 min
GCCI Urges Centre to Restore 5% Withholding Tax For FPIs In Govt Securities, Rupee Bonds
Economy 5/23/2026

Why High Yield Munis Default Less Than Corporate High Yield

Even as higher interest rates and persistent inflation push corporate default forecasts upward for 2026, high-yield municipal bonds continue to exhibit a remarkably lower default rate compared to their corporate counterparts. Fresh analyses from leading Credit Rating Agencies consistently reaffirm this structural resilience, providing a critical anchor for investors seeking yield with mitigated risk in a volatile credit landscape.

Editorial Team1 min
Why High Yield Munis Default Less Than Corporate High Yield
Economy 5/23/2026

Moody's upgrades South Africa's outlook as fiscal reforms gain traction

Moody's has upgraded South Africa's sovereign credit outlook from stable to positive, a critical pre-cursor that signals potential for a full rating upgrade. This shift acknowledges Pretoria's sustained, albeit arduous, progress in fiscal consolidation and restoring market trust, marking a pivotal moment in the nation's prolonged economic recovery efforts after years of fiscal strain and sovereign downgrades.

Editorial Team1 min
Moody's upgrades South Africa's outlook as fiscal reforms gain traction
Economy 5/23/2026

US jury clears Boeing in $250m 737 MAX grounding lawsuit

A US jury has decisively cleared aerospace titan Boeing in a high-stakes $250 million lawsuit brought by LOT Polish Airlines. The suit sought damages for lost revenue suffered during the unprecedented 20-month global grounding of Boeing's 737 MAX fleet. This landmark verdict in Chicago is the first grounding-related claim to go to trial, stemming from the catastrophic 2018 Lion Air and 2019 Ethiopian Airlines crashes that killed 346 people and led to a worldwide ban on the aircraft. LOT Polish Airlines had argued for compensation for flight cancellations and operational costs incurred while their 737 MAX aircraft were rendered inoperable by regulatory mandate.

Editorial Team1 min
US jury clears Boeing in $250m 737 MAX grounding lawsuit
Economy 5/23/2026

Trump critics sue to block payouts from $1.8 bn 'Anti-Weaponisation Fund'

A coalition of President Donald Trump's critics, spearheaded by the legal advocacy group Democracy Forward, has filed a federal lawsuit in Alexandria, Virginia, seeking to halt payouts from a newly established USD 1.776 billion "Anti-Weaponisation Fund." The fund, created to settle Trump's lawsuit against the Internal Revenue Service (IRS) over the leak of his tax returns, aims to compensate individuals who claim to be victims of a "weaponised government." The plaintiffs, including a former prosecutor and a college professor, argue that the fund lacks legal basis and accountability, demanding its complete dismantlement.

Editorial Team1 min
Trump critics sue to block payouts from $1.8 bn 'Anti-Weaponisation Fund'
Economy 5/23/2026

U.S. weighs chip tariffs to spur domestic growth, trade chief says

The U.S. government is actively considering the imposition of **chip tariffs**—import duties on semiconductors—as a strategic tool to invigorate **domestic growth** and incentivize the **reshoring** of **semiconductor production**. This ongoing policy discussion, articulated by figures like former **U.S. Trade Representative (USTR)** Jamieson Greer, underscores a concerted effort to fortify the nation's technological industrial base. The proposed tariffs aim to make foreign-produced chips comparatively more expensive, thereby boosting the competitiveness and viability of U.S.-based manufacturing facilities, directly addressing vulnerabilities exposed during recent global supply chain disruptions.

Editorial Team1 min
U.S. weighs chip tariffs to spur domestic growth, trade chief says
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