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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

695 articles · sorted by newest first

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Latest in Economy

Latest in Economy
20 results
Economy 7/11/2026

Delta Says High Airfares Are Here to Stay, Defying Easing Fuel Costs

Get ready for consistently high ticket prices, as Delta Air Lines has just signaled that recent airfare hikes are here to stay, even if jet fuel costs ease a bit. The airline's Chief Financial Officer, Erik Snell, stated on Friday that Delta successfully recovered about 60 percent of its second-quarter fuel cost increase through pricing, and they expect to recover even more in the current quarter. This firm stance on pricing comes despite a slight retreat in fuel prices from their spring peaks, challenging the usual trend where cheaper oil leads to cheaper flights.

Editorial Team1 min
Delta Says High Airfares Are Here to Stay, Defying Easing Fuel Costs
Economy 7/10/2026

Telecom Shake-Up: Xavier Niel Becomes Vodafone's Largest Shareholder in $5.9 Billion Deal

French billionaire Xavier Niel, a well-known disruptor in the telecoms world, has just made a massive move, acquiring a 16.2% stake in Vodafone Group for approximately $5.9 billion through his investment vehicle, Vega. This hefty purchase makes Niel Vodafone's single largest shareholder, taking over from Emirati telecoms group e&, which has now sold its entire holding. The news, announced on Friday, July 10, 2026, instantly sent Vodafone's share price soaring, with an increase of around 12.7% to 13.4%, signaling strong market reactions to Niel's entry.

Editorial Team1 min
Telecom Shake-Up: Xavier Niel Becomes Vodafone's Largest Shareholder in $5.9 Billion Deal
Economy 7/10/2026

Madhavan-Led 'Gamechangers Middle East' Lures Over 1,500 Founders to UAE Startup Hub

Over 1,500 aspiring founders, with a significant number from India, have applied to The Gamechangers Middle East, a UAE-born startup investment platform championed by actor-entrepreneur R. Madhavan. This overwhelming response highlights the growing magnetic pull of the UAE for Indian entrepreneurs seeking international growth beyond their domestic borders. The platform, more than just a reality TV series, aims to bridge the gap between innovative startups and vital resources like capital, mentorship, and market access in the Middle East and globally.

Editorial Team1 min
Madhavan-Led 'Gamechangers Middle East' Lures Over 1,500 Founders to UAE Startup Hub
Economy 7/10/2026

Goldman Sachs Bans Staff From Political and Finance Prediction Markets Amid Conflict Fears

Goldman Sachs has just dropped a major policy bomb, strictly banning its employees from participating in prediction markets tied to financial events and political outcomes. This swift move aims to prevent serious conflicts of interest that could harm the bank, its clients, or the wider financial world. Breaking these new rules could mean losing your job or giving up any profits made.

Editorial Team1 min
Goldman Sachs Bans Staff From Political and Finance Prediction Markets Amid Conflict Fears
Economy 7/10/2026

GLP-1 Weight-Loss Drug Use Soars as Medicare Unlocks Access for Millions

The use of GLP-1 medications for weight loss has officially hit a record high, with 11% of U.S. adults now taking these drugs, a significant jump from 3% in 2024. This surge coincides with a landmark policy shift: Medicare has just opened access to these highly effective weight-loss treatments for eligible beneficiaries through its new 'Medicare GLP-1 Bridge' program, launched July 1, 2026, making a once-unaffordable option accessible for millions more Americans.

Editorial Team1 min
GLP-1 Weight-Loss Drug Use Soars as Medicare Unlocks Access for Millions
Economy 7/10/2026

Gold and Silver Surge on Easing Oil and Weak Dollar Amidst Middle East Tensions

Precious metals saw a notable rebound on Thursday, July 9, as gold prices climbed over 1% and silver soared, pulling back from earlier weekly lows. This daily surge was primarily fueled by retreating crude oil prices, easing Treasury yields, and a softer U.S. dollar, which collectively lessened immediate inflation worries and reduced the pressure for aggressive Federal Reserve rate hikes. Gold traded near $4,120.80 an ounce, while silver reached approximately $59.95, marking a significant recovery after a volatile week.

Editorial Team1 min
Gold and Silver Surge on Easing Oil and Weak Dollar Amidst Middle East Tensions
Economy 7/10/2026

Global Stocks Defy Geopolitical Jitters as Tech Roars Back on AI Momentum

Global stock markets are largely shaking off fresh US-Iran tensions, with major indexes closing higher as investors flock back to the tech sector. The tech-heavy Nasdaq Composite jumped notably on Thursday, fueled by strong demand for AI-related companies like South Korean chip giant SK hynix, whose upcoming US listing is reportedly seven times oversubscribed. This market resilience comes even as the US launched new airstrikes and revoked Iran's oil export waiver, prompting FHN Financial's Chief Economist Christopher Low to note, 'Any disruption in the region is not as harmful as before' due to increased oil production elsewhere.

Editorial Team1 min
Global Stocks Defy Geopolitical Jitters as Tech Roars Back on AI Momentum
Economy 7/10/2026

India's Diplomatic Push: Ambassador Engages Chinese Businesses Amid Soaring Trade

In a fresh push for deeper economic ties, India's Ambassador to China, Vikram Doraiswami, has actively engaged with Chinese businesses, signaling New Delhi's keenness to enhance commercial relations. This outreach comes as bilateral trade between India and China soared to a record USD 151.1 billion in Fiscal Year 2026, solidifying China's position as India's top trading partner. The Ambassador emphasized the Indian Embassy's readiness to facilitate greater engagement, particularly advocating for increased Indian exports and Chinese investments.

Editorial Team1 min
India's Diplomatic Push: Ambassador Engages Chinese Businesses Amid Soaring Trade
Economy 7/10/2026

AI Selloff Plunges Quant Funds into Worst Slump Since August 2025

Hedge funds, especially those relying on algorithms, are reeling from their steepest losses since August 2025, as a sharp AI-driven selloff caught many off guard in 'crowded trades' across US and Asian equity markets. Systematic managers, often called quant funds, have seen a quarter of their year-to-date returns vanish since June 22, now standing at a modest 10.8% gain for the year from an earlier 14.4%. This dramatic downturn primarily stems from significant bets against highly volatile chipmaker stocks.

Editorial Team1 min
AI Selloff Plunges Quant Funds into Worst Slump Since August 2025
Economy 7/10/2026

India's Industry Fights US Tariff Threat Over Forced Labor Claims

Indian industry groups and government officials are pushing back hard against a new proposal by the United States Trade Representative (USTR) to slap tariffs of up to 12.5% on most Indian goods. They argued in public hearings this week (July 7-9, 2026) that these proposed 'blanket duties' lack proper evidence, would unfairly target India, and risk damaging the strong trade links between the two nations over unproven 'forced labor' claims. This comes after the USTR launched a Section 301 investigation in March 2026 against 60 economies, including India, focusing on their alleged failure to enforce bans on imports made with forced labor.

Editorial Team1 min
India's Industry Fights US Tariff Threat Over Forced Labor Claims
Economy 7/9/2026

Indian Markets Roar Back: Sensex, Nifty Recover After West Asia Shockwave

Indian benchmark indices staged a notable rebound on Thursday, with both the Sensex and Nifty 50 climbing over 0.3% to recover partially from Wednesday's sharp decline. This turnaround comes after a significant market crash on July 8, 2026, where renewed US-Iran tensions in West Asia, spiking crude oil prices, and lingering global trade uncertainty triggered a broad-based selloff, wiping out billions in investor wealth. The market's quick bounce back today reflects immediate value buying and a degree of resilient domestic sentiment.

Editorial Team1 min
Indian Markets Roar Back: Sensex, Nifty Recover After West Asia Shockwave
Economy 7/9/2026

Modi Invites Australian Investment for India's Growth Story, Pension Fund Pledges Millions

India's Prime Minister Narendra Modi, speaking at the India-Australia CEO Forum in Melbourne on July 9, 2026, made a compelling pitch to Australian businesses, urging them to fuel India's ambitious growth trajectory across critical sectors. This call for deeper economic partnership was immediately underscored by AustralianSuper, the continent's largest pension fund, announcing a significant additional AU$500 million investment into India's National Investment and Infrastructure Fund (NIIF), signaling strong global confidence in India's robust economic future.

Editorial Team1 min
Modi Invites Australian Investment for India's Growth Story, Pension Fund Pledges Millions
Economy 7/9/2026

India-Australia Ignite Strategic Economic Roadmap with Uranium, AI, Critical Minerals

Indian Prime Minister Narendra Modi and his Australian counterpart, Anthony Albanese, today unveiled a groundbreaking economic roadmap in Melbourne, significantly boosting cooperation across vital sectors. The fresh agreements cement a long-awaited deal for Australian uranium exports to fuel India's ambitious civil nuclear program and launch a dedicated 'Critical Minerals Corridor' crucial for global clean energy and tech supply chains. This strategic push also sees deeper collaboration in artificial intelligence, semiconductors, and a substantial new wave of Australian investment into India's booming infrastructure.

Editorial Team1 min
India-Australia Ignite Strategic Economic Roadmap with Uranium, AI, Critical Minerals
Economy 7/9/2026

ASX Dips as Escalating US-Iran Tensions Send Oil Prices Soaring Globally

Australian equities took a hit today, with the ASX 200 closing lower for the fourth straight session amidst a dramatic surge in global crude oil prices. This market slide comes as escalating tensions between the United States and Iran have shattered a fragile peace deal, immediately injecting a significant 'geopolitical risk premium' back into energy markets. While the broader index declined, the energy sector paradoxically bucked the trend, soaring on the back of the oil rally.

Editorial Team1 min
ASX Dips as Escalating US-Iran Tensions Send Oil Prices Soaring Globally
Economy 7/9/2026

Global LNG Market Braces for Winter Shock as Middle East Strife, Low Storage Stir Volatility

The global liquefied natural gas (LNG) market is facing a precarious winter, reeling from an ongoing Middle East conflict that has severely crippled key supply routes and production. An attack on Qatar's vital Ras Laffan Industrial City facility in March 2026 slashed 17% of its LNG capacity for years, intensifying concerns as Europe struggles with alarmingly low gas storage levels and slow refilling rates, creating a dangerous tightness in global supply.

Editorial Team1 min
Global LNG Market Braces for Winter Shock as Middle East Strife, Low Storage Stir Volatility
Economy 7/9/2026

Jet2 Soars as Summer Holiday Bookings Surge Despite Renewed Middle East Tensions

UK airline and holiday giant Jet2 just announced a big jump in summer holiday bookings, with numbers up 7.1% compared to last year, despite fresh trouble brewing in the Middle East. This strong comeback shows people are keen to travel, pushing Jet2's available seats filled with paying passengers (called the 'load factor') up by 1.2 percentage points for the first four months of the year. The company saw this late surge even as US President Donald Trump declared the fragile Middle East ceasefire 'over', leading to new military strikes and a jump in global oil prices.

Editorial Team1 min
Jet2 Soars as Summer Holiday Bookings Surge Despite Renewed Middle East Tensions
Economy 7/8/2026

Foreign Investment Fuels Rural US Jobs, But Incomes Remain Flat: A Policy Puzzle

A new report reveals a curious trend reshaping rural America: a surge in foreign investment is creating thousands of jobs, yet local incomes aren't seeing the same boost. An analysis in 'Contemporary Economic Policy' found that while foreign direct investment (FDI) can increase employment by 3-16% in rural US counties, it surprisingly has no major effect on the income of people living there, raising questions about how communities truly benefit from global capital.

Editorial Team1 min
Foreign Investment Fuels Rural US Jobs, But Incomes Remain Flat: A Policy Puzzle
Economy 7/8/2026

South Africa: Hidden 'Second Bond' Costs Undermine Sectional Title Appeal Amid Housing Boom

South Africa's residential property market is undeniably heating up, with house prices forecast to climb by 4-6% nationally this year, yet a new warning for sectional title homebuyers could temper that optimism. Experts are now flagging a significant 'second bond' effect, where the true monthly cost of owning a sectional title can be shockingly high – in some cases, up to R11,500 before the actual bond repayment is even considered. This unexpected burden from levies and municipal accounts is eroding the perceived affordability that once made these properties so attractive.

Editorial Team1 min
South Africa: Hidden 'Second Bond' Costs Undermine Sectional Title Appeal Amid Housing Boom
Economy 7/8/2026

Middle East Tensions Ignite Market Panic, Fed's Hawkish Stance Deepens European Stock Slide

European stock markets tumbled on Wednesday as President Donald Trump's abrupt declaration that the US-Iran ceasefire agreement was 'over' sent a fresh wave of geopolitical shockwaves across the globe, immediately spiking oil prices and amplifying investor anxiety over the Federal Reserve's increasingly hawkish stance. Major indices like the pan-European STOXX 600, Germany's DAX, and the UK's FTSE 100 saw significant declines, with the DAX dropping 2.23% and the FTSE 100 recording its worst single-day fall since May.

Editorial Team1 min
Middle East Tensions Ignite Market Panic, Fed's Hawkish Stance Deepens European Stock Slide
Economy 7/8/2026

Eli Lilly's Market Value Soars as Rival's Weight-Loss Pill Stumbles

Eli Lilly, the pharmaceutical giant, just saw its market value climb even higher, now crossing the trillion-dollar mark, after news broke about a setback for rival Kailera Therapeutics. Kailera's new oral pill for weight loss showed good results in late-stage tests in China but came with unexpectedly high rates of stomach problems, making investors rethink its competitive edge.

Editorial Team1 min
Eli Lilly's Market Value Soars as Rival's Weight-Loss Pill Stumbles
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