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

695 articles · sorted by newest first

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Latest in Economy

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20 results
Economy 7/14/2026

Trump's Hormuz Toll Jolts Global Oil Markets, Sparks India's Trade Fears

In a bombshell move, former US President Donald Trump announced on Monday the reinstatement of a naval blockade on Iranian ports and an unprecedented 20% cargo levy on all non-Iranian shipping passing through the critical Strait of Hormuz. Framing the charge as compensation for American forces securing the route amidst escalating US-Iran hostilities, the declaration immediately sent shivers through global energy markets, with Brent crude prices jumping more than 4% to nearly $82 a barrel.

Editorial Team1 min
Trump's Hormuz Toll Jolts Global Oil Markets, Sparks India's Trade Fears
Economy 7/14/2026

US States Rebel: Multi-Billion Dollar Paramount-Warner Merger Hit by Antitrust Lawsuit

A massive $110 billion deal to merge media giants Paramount Global and Warner Bros. Discovery is now facing a fierce legal battle, as twelve US states, led by California and New York, have filed an antitrust lawsuit to block the acquisition. This breaking challenge comes just weeks after the U.S. Department of Justice (DOJ) surprisingly gave its green light to the mega-merger, setting up a rare and significant showdown between state and federal antitrust enforcement.

Editorial Team1 min
US States Rebel: Multi-Billion Dollar Paramount-Warner Merger Hit by Antitrust Lawsuit
Economy 7/14/2026

Gold's Fate Hangs on Today's CPI Report Amidst Middle East Tensions

Global markets are holding their breath as the highly anticipated US Consumer Price Index (CPI) report for June 2026 drops today, with gold's recent recovery from two-week lows teetering on the edge. Analysts expect headline inflation to cool slightly thanks to easing petrol prices, but sticky core inflation, a key metric for policymakers, could keep the Federal Reserve on a hawkish path. This crucial economic data arrives as renewed US-Iran hostilities escalate, sending Brent crude oil prices soaring and reigniting broader inflation fears, creating a volatile backdrop for investors globally.

Editorial Team1 min
Gold's Fate Hangs on Today's CPI Report Amidst Middle East Tensions
Economy 7/14/2026

Uzbekistan's Economic Leap: New Financial Hub, AI Loans Ignite Entrepreneurial Boom

Uzbekistan is rapidly transforming its economic landscape, with a major boost just announced: the establishment of the Tashkent International Financial Center (TIFC) on July 13, 2026. This new hub, operating under a special legal regime with English law, tax breaks, and robust investor protection, aims to attract global capital and foster innovation in financial services. Coming on the heels of Uzbekistan being named 'Country of the Year' by StartupBlink for the fastest-growing startup ecosystem worldwide, this move signals an aggressive push to become a regional economic powerhouse.

Editorial Team1 min
Uzbekistan's Economic Leap: New Financial Hub, AI Loans Ignite Entrepreneurial Boom
Economy 7/13/2026

Africa Unites Economists to Forge Homegrown Solutions in a Tumultuous World

In a pivotal move to champion its economic future, Africa has officially launched the African Chief Economists Network (ACE-Network), a new continental platform designed to ensure policymakers across the continent make decisions based on solid research. Unveiled at the recently concluded 2026 African Economic Conference (AEC) in Abidjan, Côte d'Ivoire, this network brings together top economic minds to craft coordinated, African-led solutions for the complex global challenges ahead.

Editorial Team1 min
Africa Unites Economists to Forge Homegrown Solutions in a Tumultuous World
Economy 7/13/2026

EU Unlocks Farmer Aid as Food Security Soars Amidst Geopolitical Tensions

The European Union has decisively moved to support its farmers, with the EU Council today adopting key measures to tackle skyrocketing fertiliser costs and safeguard food security. Irish Agriculture Minister Martin Heydon hailed the decision as a 'very decisive clear action' to back farmers, underscoring that food security remains 'at the forefront' of everyone's concerns. This move is crucial as farmers across Europe face immense pressure from disrupted supply chains and soaring input prices, threatening crop yields for upcoming seasons.

Editorial Team1 min
EU Unlocks Farmer Aid as Food Security Soars Amidst Geopolitical Tensions
Economy 7/13/2026

Emboldened India Pushes for Better Terms, Slowing US Trade Deal

India has notably put the brakes on a swift trade agreement with the United States, choosing to hold out for significantly more favorable terms, despite Washington's push for a quick deal. This firm stance by New Delhi stems from a surge in confidence, buoyed by new international trading partners, a stronger domestic economy, and recent political wins. The latest round of talks, including a visit by US Trade Representative Jamieson Greer to New Delhi last month, failed to finalize an interim agreement, with India's officials making it clear they won't rush into an unfavorable pact, especially concerning agriculture.

Editorial Team1 min
Emboldened India Pushes for Better Terms, Slowing US Trade Deal
Economy 7/13/2026

China's Robot Revolution Sparks Mass Job Loss, Reshaping Global Labor Landscape

China's manufacturing heartland is quietly facing a dramatic upheaval. In places like Kunshan, which once churned out a third of the world's laptops, millions of low-skilled workers are finding themselves without jobs as factories rapidly replace human hands with industrial robots and advanced artificial intelligence. This massive shift, impacting tens of millions, highlights a painful reality: China's aggressive push to become a high-tech superpower is leaving a significant portion of its traditional workforce behind, forcing many into the insecure gig economy.

Editorial Team1 min
China's Robot Revolution Sparks Mass Job Loss, Reshaping Global Labor Landscape
Economy 7/13/2026

Big-Box Giants Build Homes: Costco and Target Lead Urban Housing Revolution

Big-box giants Costco and Target are flipping the script on urban expansion, teaming up with affordable housing developers to build homes directly above and alongside their stores in bustling city centers. This isn't just about selling more groceries; it's a strategic move to unlock scarce urban land and address the growing need for affordable places to live, with major projects underway from Los Angeles to New York City.

Editorial Team1 min
Big-Box Giants Build Homes: Costco and Target Lead Urban Housing Revolution
Economy 7/13/2026

AI's Funding Frenzy Hits a Wall as Credit Markets Sound Warning

The credit market is sending a stark warning signal to the booming artificial intelligence (AI) sector, with Credit Default Swap (CDS) spreads for major hyperscalers and chip giants widening significantly since mid-June 2026. This means the cost of insuring debt for tech behemoths like Oracle, Meta, Amazon, Microsoft, and Alphabet, along with semiconductor leaders such as Nvidia and AMD, is rising, pointing to increased caution about their financial health and the long-term sustainability of massive AI investments. Oracle's 5-year CDS spread, for instance, has climbed to historical highs, with similar upticks for Meta, Amazon, Microsoft, and Alphabet, indicating that lenders are starting to see higher risks than what stock prices currently reflect.

Editorial Team1 min
AI's Funding Frenzy Hits a Wall as Credit Markets Sound Warning
Economy 7/13/2026

Next Decade Will Reshape Global Social Contract as Elderly Population Soars, Warns Swiss Re

Singapore is buzzing after Paul Murray, the CEO of Swiss Re Life & Health, issued a sharp warning on July 9, 2026, in an op-ed released for World Population Day: the world is just ten years away from a major shift that will completely rewrite the 'intergenerational contract'. This isn't just a numbers game; Murray highlights that by 2036, many societies will hit a 'demographic tipping point' where people aged 65 and over will outnumber the younger working-age group (30-59 years old).

Editorial Team1 min
Next Decade Will Reshape Global Social Contract as Elderly Population Soars, Warns Swiss Re
Economy 7/12/2026

Indonesia's Budget Battle: Regions Face Cuts, Urged to Innovate, Not Lay Off

Indonesia's regional governments are in a tight spot. The Home Ministry, led by Tito Karnavian, has just issued a firm directive: no layoffs for government contract employees (PPPK), despite many regions facing severe fiscal pressure. Instead, the ministry insists that local administrations must first slash nonessential spending and reshuffle their budgets before even thinking about asking for help from Jakarta.

Editorial Team1 min
Indonesia's Budget Battle: Regions Face Cuts, Urged to Innovate, Not Lay Off
Economy 7/12/2026

Myanmar's Agri-Exports Surge Past $538 Million Amidst Economic Headwinds

Myanmar's agricultural exports kicked off the fiscal year 2026-27 with a robust performance, shipping over one million tons of beans and pulses, maize, and sesame seeds in the first three months alone, raking in more than US$538 million. This surge, announced by the Myanmar Pulses, Beans, Maize and Sesame Seeds Merchants Association (MPBMSMA) on July 10, marks a significant boost for an economy grappling with persistent challenges and relying heavily on its agricultural backbone.

Editorial Team1 min
Myanmar's Agri-Exports Surge Past $538 Million Amidst Economic Headwinds
Economy 7/12/2026

West Asia Turmoil Jolts Indian Markets as Oil Prices Surge and Rupee Slides

Indian equity benchmarks, Nifty and Sensex, wrapped up a volatile week with mild losses, as escalating tensions in West Asia sent global crude oil prices soaring and cast a shadow over energy-importing economies like India. The Nifty 50 shed 0.26 percent and the BSE Sensex also dipped by 0.26 percent over the past five trading days, despite a significant rally on the final trading day. This downturn comes after US President Donald Trump declared the 'deal with Iran is over,' followed by a fresh wave of US strikes on Iran and retaliatory attacks, notably impacting crucial shipping lanes.

Editorial Team1 min
West Asia Turmoil Jolts Indian Markets as Oil Prices Surge and Rupee Slides
Economy 7/12/2026

Australia's Economic Gloom Fuels One Nation's Surge, Challenging Mainstream Politics

Australia's One Nation party, led by Pauline Hanson, is riding a wave of unprecedented public disillusionment, fueled by a deepening economic malaise and a potent 'stagflation impulse' gripping the nation. Recent polls, though fluctuating, show One Nation capturing significant voter share by directly linking soaring housing costs and widespread economic anxiety to immigration policy, a narrative sharply articulated by Hanson in her June 2026 National Press Club address.

Editorial Team1 min
Australia's Economic Gloom Fuels One Nation's Surge, Challenging Mainstream Politics
Economy 7/11/2026

India, New Zealand Forge 'Strategic Partnership,' Aim to Double Trade by 2030

Indian Prime Minister Narendra Modi and New Zealand Prime Minister Christopher Luxon have dramatically upgraded their nations' relationship to a 'Strategic Partnership' during Modi's historic visit to Auckland, the first by an Indian Premier in four decades. This landmark move, forged on July 11, 2026, comes swiftly after the formal signing of a Free Trade Agreement in April, negotiated in a record nine months, signaling a new era of deepened bilateral ties.

Editorial Team1 min
India, New Zealand Forge 'Strategic Partnership,' Aim to Double Trade by 2030
Economy 7/11/2026

Foreign Funds Flood India: FIIs Turn Net Buyers with Rs 4,670 Crore Inflow

After a prolonged period of selling, Foreign Institutional Investors (FIIs) have dramatically reversed course, injecting a substantial Rs 4,670 crore into Indian equity markets this week, according to provisional exchange data. This significant capital inflow signals a renewed global confidence in India's economic resilience and market potential, marking a crucial shift in investor sentiment after months of foreign outflows.

Editorial Team1 min
Foreign Funds Flood India: FIIs Turn Net Buyers with Rs 4,670 Crore Inflow
Economy 7/11/2026

Australia's EV Market Reaches Tipping Point: Bargains Emerge as Fuel Prices Bite

Australia is experiencing a rapid transformation in its automotive landscape, with Electric Vehicles (EVs) hitting a critical tipping point in 2026. Record fuel prices, driven by global supply disruptions and geopolitical tensions in the Middle East, are accelerating a mass migration to electric cars, leading to an unprecedented surge in new and used EV availability and competitive pricing. This shift sees EVs, including plug-in hybrids, now accounting for over a third of all new passenger car sales, a dramatic jump from just a year ago.

Editorial Team1 min
Australia's EV Market Reaches Tipping Point: Bargains Emerge as Fuel Prices Bite
Economy 7/11/2026

Why Fuel Prices Stay High: Record 'Crack Spreads' Defy Falling Crude Amid Global Shortages

Even though global crude oil prices have fallen from their wartime peaks, the cost of fuel at your local pump remains stubbornly high. The culprit? A record-setting 'crack spread' – the profit refiners make from turning crude into products like gasoline and diesel – which has reportedly soared to an unprecedented $65 a barrel [1, 48]. This widening gap has even led President Trump to recently accuse major oil companies of 'gouging' consumers, demanding they lower prices faster [21, 32, 36].

Editorial Team1 min
Why Fuel Prices Stay High: Record 'Crack Spreads' Defy Falling Crude Amid Global Shortages
Economy 7/11/2026

Shein Breaks IPO Logjam, Set for Hong Kong Listing After Years of Delays

After years of regulatory hurdles and two aborted attempts in the US and London, fast-fashion giant Shein has finally secured crucial approval from the China Securities Regulatory Commission (CSRC) for its hotly anticipated Initial Public Offering (IPO) in Hong Kong. The green light, granted on Friday, July 10, 2026, marks a significant breakthrough for the online retailer, clearing its path to list shares and offering a much-needed exit for its long-patient investors. This move could inject fresh energy into Hong Kong's equity markets, which have seen a surge in new issues this year.

Editorial Team1 min
Shein Breaks IPO Logjam, Set for Hong Kong Listing After Years of Delays
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