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

Economy

996 articles · sorted by newest first

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Latest in Economy

Latest in Economy
20 results
Economy 8/27/2026

US Corporate Profits Soar to Record Highs, Fueled by Spending and Pricing Power

US corporate profit margins hit a jaw-dropping 19.4% in the second quarter of 2026, marking a new all-time high. This surge, up from 18.2%, means companies saw their profits jump by nearly 10%, largely thanks to resilient consumer spending and their ability to pass on higher prices to customers. It also reflects a strong push in business investment, especially in areas like equipment and intellectual property.

Editorial Team1 min
US Corporate Profits Soar to Record Highs, Fueled by Spending and Pricing Power
Economy 8/26/2026

Energy Bills Soar to £1,723 as £150 Discount Offers Lifeline to Millions

UK households are bracing for another hit to their wallets as energy regulator Ofgem announced a 4% increase in the energy price cap, pushing the average annual bill for gas and electricity to £1,723 from October 1, 2026. This £60 rise for a typical household comes amidst ongoing volatility in global gas markets, heavily influenced by the conflict in the Middle East. Simultaneously, millions on specific benefits are set to receive a crucial £150 discount on their electricity bills through the returning Warm Home Discount scheme, aiming to soften the blow as winter approaches.

Editorial Team1 min
Energy Bills Soar to £1,723 as £150 Discount Offers Lifeline to Millions
Economy 8/26/2026

Hyundai Charges into US Hybrid Market, Challenging Toyota's Reign with Dozens of New Models

In a bold move shaking up the global automotive landscape, Hyundai Motor Company just unveiled its most ambitious product offensive ever at its August 26, 2026 CEO Investor Day in Seoul, announcing over 100 new or refreshed models by 2030, with a significant 58 destined for the crucial US market. This strategy is a direct challenge to long-time hybrid leader Toyota, as Hyundai plans to introduce more than 10 new hybrid models in North America alone, aiming for these fuel-efficient cars to make up almost half of its regional sales by the end of the decade. The South Korean auto giant is pivoting hard into hybrids, adjusting its product mix to leverage the booming US demand for these vehicles amid softening interest in pure electric cars.

Editorial Team1 min
Hyundai Charges into US Hybrid Market, Challenging Toyota's Reign with Dozens of New Models
Economy 8/26/2026

Indian Markets Dip as IT Stocks Falter, Crude Prices Fall Despite New Iran Sanctions

Indian benchmark indices, Sensex and Nifty 50, gave up their early gains to close lower on Wednesday, with the Sensex falling 0.24% and the Nifty 50 declining 0.52%. This downturn came despite a significant drop in crude oil prices, which typically boosts Indian markets, as heavy selling in IT stocks and cautious investor sentiment ahead of key US economic data ultimately weighed on performance.

Editorial Team1 min
Indian Markets Dip as IT Stocks Falter, Crude Prices Fall Despite New Iran Sanctions
Economy 8/26/2026

Philippines Unlocks Mineral Wealth: Marcos EO Fuels Race for Green Tech Investments

President Ferdinand Marcos Jr. has signed Executive Order No. 122, a game-changing framework aimed at transforming the Philippines into a powerhouse for critical minerals, moving beyond simply exporting raw ore to building local processing and manufacturing hubs. This pivotal move, enacted on August 21, 2026, aims to attract much-needed investments, streamline policies, and ensure responsible mining practices, positioning the nation as a key player in the global race for minerals essential to advanced technologies.

Editorial Team1 min
Philippines Unlocks Mineral Wealth: Marcos EO Fuels Race for Green Tech Investments
Economy 8/26/2026

Canada Eases Foreign Worker Caps for Small Businesses, Offering Hope to Hospitality Sector

Canada's federal government, through Employment and Social Development Canada (ESDC), has just rolled out significant updates to its Temporary Foreign Worker Program (TFWP) on August 18, 2026, providing a much-needed lifeline to small businesses, especially those in the struggling hospitality industry. The crucial change now allows workforce caps to be calculated per individual work location instead of across an entire company, making it easier for smaller branches to hire low-wage temporary foreign workers. This means any work location with fewer than 10 employees can now bring on at least one low-wage TFW, with in-demand sectors like healthcare, construction, and food production potentially hiring up to two.

Editorial Team1 min
Canada Eases Foreign Worker Caps for Small Businesses, Offering Hope to Hospitality Sector
Economy 8/26/2026

Philippine Auto Sales Dip, But EVs Power Ahead with Staggering July Growth

The Philippines' automotive market saw a glimmer of hope in July 2026, with overall sales hitting their highest monthly mark for the year, yet still trailing 2.5 percent behind last year's figures. But here's the kicker: Electric Vehicles (EVs) are smashing expectations, soaring by an incredible 162 percent year-on-year and single-handedly pushing the industry forward amidst a broader slump. This dramatic surge for EVs, encompassing Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), and Plug-in Hybrid Electric Vehicles (PHEVs), signals a significant shift in consumer preference and market dynamics.

Editorial Team1 min
Philippine Auto Sales Dip, But EVs Power Ahead with Staggering July Growth
Economy 8/26/2026

Canada Unleashes Sweeping Retaliatory Tariffs on US Amid Deepening Trade War

Canada has fired back in an escalating trade conflict with the United States, announcing 'dollar for dollar' retaliatory tariffs on roughly C$27.6 billion (US$19.94 billion) worth of American goods set to kick in on September 8. This bold move came after trade talks collapsed and the U.S. imposed its own 50% tariffs on Canadian products, pushing the Canadian dollar to edge higher initially on the news.

Editorial Team1 min
Canada Unleashes Sweeping Retaliatory Tariffs on US Amid Deepening Trade War
Economy 8/25/2026

Germany Blames Trump's Iran War for Economic Strain, Pushes Windfall Tax

Germany is openly blaming Donald Trump's ongoing military campaign against Iran for its worsening economic situation, with Vice Chancellor and Finance Minister Lars Klingbeil stating the conflict is driving up borrowing costs, bond yields, and energy prices across Europe. Just last week, Germany's 30-year government bond yield spiked to 3.79%, its highest level since 2011, putting fresh pressure on Berlin's already tight federal budget.

Editorial Team1 min
Germany Blames Trump's Iran War for Economic Strain, Pushes Windfall Tax
Economy 8/25/2026

Saudi Arabia Pours €6 Billion into New Paris Theme Parks, Kicking Off a Dragon Ball Z Era

France is set to welcome a massive €6 billion ($7 billion) Saudi investment for three new theme parks near Paris, spearheaded by a highly anticipated Dragon Ball Z attraction. French President Emmanuel Macron announced the colossal project on Monday, August 24, 2026, during Saudi Crown Prince Mohammed bin Salman's visit, promising to generate approximately 22,000 jobs and establish a new global entertainment hotspot comparable to Disneyland Paris in scale.

Editorial Team1 min
Saudi Arabia Pours €6 Billion into New Paris Theme Parks, Kicking Off a Dragon Ball Z Era
Economy 8/25/2026

VCs Supercharge Indian Wealthtech: Nexedge Capital Leads Funding Wave as Investor Pools Swell

Indian wealthtech is red-hot, with venture capital firms pouring money into startups as a rapidly growing number of Indians seek smart ways to manage their money. Just this week, Nexedge Capital, a wealth management platform for high-net-worth individuals, announced a $20 million funding round led by Mirae Asset Venture Investment and Elev8 Venture Partners. This big investment comes as other players like Stable Money and Bachatt have also recently secured significant capital, while Grip Invest is actively seeking fresh funds, signaling a major shift in how wealth is managed across the country.

Editorial Team1 min
VCs Supercharge Indian Wealthtech: Nexedge Capital Leads Funding Wave as Investor Pools Swell
Economy 8/25/2026

IDFC FIRST Bank Doubles Down on Global Debt, Secures Another $350 Million

IDFC FIRST Bank just landed another major international funding coup, raising $350 million through five-year senior notes at a 5.8% coupon. This latest move, finalized on August 24, 2026, comes hot on the heels of their initial $600 million international bond issuance just days prior, signaling a robust and rapid expansion into global debt markets by the Indian private sector lender.

Editorial Team1 min
IDFC FIRST Bank Doubles Down on Global Debt, Secures Another $350 Million
Economy 8/25/2026

US-Canada Trade War Ignites: Trump's Tariffs Spark Canadian Retaliation, USMCA Future Uncertain

A full-blown trade war has erupted between the United States and Canada, as President Donald Trump's administration implemented 50% tariffs on approximately $20 billion worth of Canadian imports following the dramatic collapse of trade talks. Canada swiftly vowed a 'dollar-for-dollar' retaliation, setting its own levies to hit US goods like steel and dairy by early September, marking a severe escalation in tensions between the historically close allies. This sudden breakdown, culminating after intense negotiations failed to avert the tariffs initially announced in July, plunges North American trade into unprecedented uncertainty.

Editorial Team1 min
US-Canada Trade War Ignites: Trump's Tariffs Spark Canadian Retaliation, USMCA Future Uncertain
Economy 8/25/2026

Bitmine Commands $14.9 Billion Crypto Fortune as Ethereum Bet Fuels Market Surge

Bitmine Immersion Technologies has just announced a staggering $14.9 billion in combined crypto and cash holdings, solidifying its position as a major player in the digital asset space. This massive treasury, updated as of August 23, 2026, is heavily anchored by nearly 5.85 million Ethereum tokens, representing a significant 4.8% of the entire ETH supply. The news comes amidst a powerful crypto bull market, with Bitmine's shares jumping over 7% as Ethereum itself saw its largest weekly gain in over a year.

Editorial Team1 min
Bitmine Commands $14.9 Billion Crypto Fortune as Ethereum Bet Fuels Market Surge
Economy 8/25/2026

Global Markets Jitter: Futures Slip, Oil Swings, as Key Inflation Data Looms

US futures dipped on Tuesday as investors braced for a crucial inflation update arriving on Wednesday, while oil prices saw mixed movements amid ongoing geopolitical tensions and Treasury yields continued to face pressure. Major US stock futures like the S&P 500 and Nasdaq 100 were lower, signaling a cautious mood ahead of what could be a pivotal week for global markets. This unease follows recent market volatility driven by rising energy costs and concerns over central bank policy.

Editorial Team1 min
Global Markets Jitter: Futures Slip, Oil Swings, as Key Inflation Data Looms
Economy 8/24/2026

Shein's Hong Kong IPO Plunges to $27 Billion, A Fraction of Its Former Glory

Online retail giant Shein is set to debut on the Hong Kong Stock Exchange on September 1 with an Initial Public Offering (IPO) that values the company at approximately $27 billion, a drastic 70% drop from its peak private market Valuation of nearly $100 billion in 2022. This long-awaited listing aims to raise up to $1.77 billion, marking a significant recalibration for the Fast Fashion behemoth after years of attempting to go public in other global markets.

Editorial Team1 min
Shein's Hong Kong IPO Plunges to $27 Billion, A Fraction of Its Former Glory
Economy 8/24/2026

California AG Halts Paramount Talks Amid Trust Breach, Mega-Merger Hangs in Balance

California Attorney General Rob Bonta has abruptly cancelled a crucial meeting with Paramount CEO David Ellison, throwing a major wrench into settlement talks for the proposed $110 billion acquisition of Warner Bros. Discovery. Bonta accused Paramount of leaking and misrepresenting earlier discussions, stating his office will only resume talks when the company acts in 'good faith'. This sudden breakdown escalates the high-stakes antitrust battle, casting serious doubt on the future of what would be Hollywood's largest-ever merger.

Editorial Team1 min
California AG Halts Paramount Talks Amid Trust Breach, Mega-Merger Hangs in Balance
Economy 8/24/2026

Shein's Hong Kong IPO: A $27 Billion Debut Amid 70% Valuation Plunge

Fast-fashion giant Shein is finally making its long-awaited public market debut, launching its Initial Public Offering on the Hong Kong Stock Exchange this Monday. The company aims to raise up to HK$13.86 billion ($1.77 billion) at a Valuation of roughly $27 billion, a stark 70% drop from its Private Market Peak of nearly $100 billion just four years ago. This significantly reduced price tag signals a challenging landscape for the global retailer as it navigates intense scrutiny and shifting market conditions.

Editorial Team1 min
Shein's Hong Kong IPO: A $27 Billion Debut Amid 70% Valuation Plunge
Economy 8/24/2026

US-Canada Trade War Deepens: Duffy Warns Carney as Tariffs Take Devastating Toll

US Transportation Secretary Sean Duffy has issued a stark warning to Canadian Prime Minister Mark Carney, asserting that Canada will be forced to 'come to the table' on trade as escalating tariffs threaten devastating economic consequences for its northern neighbor. The remarks come amidst a deepening trade war that saw the United States impose a fresh round of 50% tariffs on approximately $20 billion worth of Canadian goods over the weekend, following a breakdown in high-stakes trade negotiations.

Editorial Team1 min
US-Canada Trade War Deepens: Duffy Warns Carney as Tariffs Take Devastating Toll
Economy 8/24/2026

Walmart's Shock 9% Stock Drop: Why Strong Earnings Weren't Enough

Walmart's stock just had its worst one-day fall since May 2022, tumbling over 9% on August 20, 2026, despite reporting strong second-quarter earnings and even raising its full-year sales outlook. The retail giant posted impressive revenue and beat profit estimates, but investors quickly dumped shares over surprisingly weak U.S. comparable sales growth and a cautious forecast for the next three months.

Editorial Team1 min
Walmart's Shock 9% Stock Drop: Why Strong Earnings Weren't Enough
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