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

Economy

1264 articles · sorted by newest first

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Latest in Economy

Latest in Economy
20 results
Economy 10/3/2026

UK Flats Face Real-Terms Losses as 'Perfect Storm' Hits Property Market

The UK property market is currently enduring a tough period, with flats particularly hard hit, seeing prices fall in many regions and experiencing significant real-terms losses. While the national average house price growth slowed to a mere 0.8% annually in September 2026, the value of flats is dropping in nine out of eleven UK regions, with an average decline of 1.3% (£2,600) over the past year. This stark underperformance indicates that many flat owners are likely selling for less than their original purchase price when inflation is taken into account.

Editorial Team1 min
UK Flats Face Real-Terms Losses as 'Perfect Storm' Hits Property Market
Economy 10/3/2026

Canadian Resolve Holds Strong: 'Buy Canadian' Movement Endures Amid Escalating Trade War

The 'Buy Canadian' movement is holding strong, nineteen months after former President Donald Trump ignited a fierce trade war with Canada in February 2025. A fresh poll from Abacus Data reveals that a significant 77% of Canadians remain committed to avoiding American products, a figure barely budging from when the tariffs first hit, even as cross-border economic tensions hit new highs. This unwavering consumer sentiment underscores a deeper national resolve amidst a rapidly escalating tit-for-tat tariff battle.

Editorial Team1 min
Canadian Resolve Holds Strong: 'Buy Canadian' Movement Endures Amid Escalating Trade War
Economy 10/2/2026

Hong Kong Retail Roars Back: 16 Months of Growth Fuelled by Online Boom & Tourism

Hong Kong's retail sector is on a sustained upswing, with August sales jumping 5.6% year-on-year to HK$32.1 billion, marking an impressive 16th consecutive month of growth. This performance outstripped market expectations and signals a robust consumer comeback, with online transactions and key segments like electrical goods leading the charge.

Editorial Team1 min
Hong Kong Retail Roars Back: 16 Months of Growth Fuelled by Online Boom & Tourism
Economy 10/2/2026

Jaecoo 7 Reigns in UK as Chinese Brands Drive Towards Quarter of Car Market

The Jaecoo 7 SUV has revved its way to the top, becoming the UK's best-selling new car in September 2026, marking its second monthly win this year. This stunning performance underscores a seismic shift in the British automotive landscape, where Chinese brands collectively command nearly a quarter of the market, elbowing out established players at an unprecedented pace. The Jaecoo 7, often playfully nicknamed the 'Temu Range Rover' for its affordable price and robust features, registered over 10,800 units last month, significantly outselling its closest rivals.

Editorial Team1 min
Jaecoo 7 Reigns in UK as Chinese Brands Drive Towards Quarter of Car Market
Economy 10/2/2026

Wall Street Braces for Q4 Volatility: Midterm Gridlock, Fed Hikes, and AI's Grip

US stock investors are on high alert as the final quarter of 2026 kicks off, facing a potent mix of November's looming Midterm Elections and a persistently hawkish Federal Reserve. While the S&P 500 and Nasdaq showed mixed signals after a volatile Q3, analysts warn that policy uncertainty and rising borrowing costs could dictate Wall Street's performance through year-end. This critical juncture sees market sentiment delicately balanced between historical Q4 strength and significant economic headwinds.

Editorial Team1 min
Wall Street Braces for Q4 Volatility: Midterm Gridlock, Fed Hikes, and AI's Grip
Economy 10/2/2026

US-Canada Trade War Intensifies: Trump's 'Bad Leaders' Slams Spark Economic Fallout

The long-simmering trade dispute between the United States and Canada has boiled over, with President Donald Trump escalating rhetoric against Canadian leaders he deems 'very bad' while new US import bans and retaliatory Canadian tariffs rip through key industries. Effective September 29, the US imposed a ban on nearly $1 billion worth of Canadian goods, including alcoholic beverages and dairy, just weeks after Canada launched its own 'dollar-for-dollar' counter-tariffs on US$20 billion in American products. This latest tit-for-tat has major business leaders, like Crystal Head Vodka co-founder Dan Aykroyd, openly stating the moves could 'kill' their companies.

Editorial Team1 min
Economy 10/2/2026

India-UAE Trade Surges in Local Currencies, Setting New De-Dollarization Benchmark

In a significant stride towards reducing reliance on the US Dollar, India and the UAE have announced that their bilateral trade settled in Indian Rupees and UAE Dirhams has now entered 'double digits.' Union Minister Piyush Goyal confirmed this milestone on Monday, September 28, 2026, emphasizing the growing acceptance and understanding of the Local Currency Settlement (LCS) Scheme by businesses in both nations. This development is a clear signal of both countries' commitment to strengthening their economic ties and establishing a more resilient financial framework for cross-border transactions.

Editorial Team1 min
Economy 10/2/2026

Green Steel Race Heats Up: GravitHy Taps Danieli for Hydrogen-Powered Iron Plant

A big move in the global push for cleaner manufacturing just happened! French company GravitHy, which focuses on making low-carbon iron, has officially teamed up with Italy's Danieli Group to build a massive direct reduction plant in Fos-sur-Mer, France. This plant is a game-changer, aiming to churn out 2 million tonnes of Hot-Briquetted Iron (HBI) every year using only green hydrogen, drastically cutting carbon pollution from steelmaking.

Editorial Team1 min
Green Steel Race Heats Up: GravitHy Taps Danieli for Hydrogen-Powered Iron Plant
Economy 10/1/2026

US Job Cuts Plummet to Four-Year Low, But AI Looms Large in Labor Market Shifts

The latest Challenger Job Cuts Report reveals a significant easing in layoffs across the U.S., with September 2026 seeing an 18% drop in job cuts from August and a 20% decline compared to the same time last year. This brings the total announced job cuts to 43,281, marking the lowest September figure since 2022 and suggesting a surprisingly stable labor market despite ongoing global uncertainties.

Editorial Team1 min
US Job Cuts Plummet to Four-Year Low, But AI Looms Large in Labor Market Shifts
Economy 10/1/2026

Lifesaving Medicaid Meal Programs Face Deep Cuts Amidst Policy Tug-of-War

Across the United States, medically tailored meal programs, proven to slash healthcare costs and dramatically improve patient health, are staring down a funding cliff. Despite compelling new research confirming their economic and medical benefits, federal budget cuts, particularly the massive $900 billion reduction to Medicaid funding from the 2025 'One Big Beautiful Bill Act', are forcing states to eye these vital services for the chopping block. The tug-of-war highlights a growing conflict between evidence-based health interventions and fiscal austerity, directly impacting millions of vulnerable Americans.

Editorial Team1 min
Lifesaving Medicaid Meal Programs Face Deep Cuts Amidst Policy Tug-of-War
Economy 10/1/2026

Australia's Tax Office Dumps Credit Cards as Surcharge Ban Kicks In

Australian taxpayers can no longer pay their dues to the Australian Taxation Office (ATO) via credit card after November 30, 2026, a direct consequence of the Reserve Bank of Australia's (RBA) ban on card payment surcharges which became effective October 1, 2026. This landmark policy shift means businesses can no longer charge customers extra for using cards, forcing the ATO, a government agency, to cease credit card acceptance rather than absorb the associated merchant fees. The move signals a broader shake-up in Australia's payment landscape, impacting millions of cardholders and businesses.

Editorial Team1 min
Australia's Tax Office Dumps Credit Cards as Surcharge Ban Kicks In
Economy 10/1/2026

India, US Push Hard for Interim Trade Deal Amid G20 Talks in Milwaukee

India's Commerce Minister Piyush Goyal and US Trade Representative Jamieson Greer held critical talks in Milwaukee on Wednesday, September 30, 2026, pushing for an 'early conclusion of a mutually beneficial interim trade agreement' between the two nations. The high-stakes meeting, taking place on the sidelines of the G20 Trade Ministerial, signals a renewed bilateral drive to finalize a long-pending deal designed to significantly boost trade flows.

Editorial Team1 min
India, US Push Hard for Interim Trade Deal Amid G20 Talks in Milwaukee
Economy 10/1/2026

Cooler August Inflation Softens October Fed Hike Bets, But December Looms

Traders are rethinking the Federal Reserve's immediate next move after cooler-than-expected August inflation data and cautious words from a top Fed official significantly dampened expectations for an October interest rate hike. The latest Personal Consumption Expenditures (PCE) price index, the Fed's preferred inflation gauge, showed its year-over-year climb eased, causing shorter-term US Treasury yields to pull back from recent highs on Wednesday. This shift suggests the market now sees less than an even chance of a rate increase at the Fed's upcoming meeting.

Editorial Team1 min
Cooler August Inflation Softens October Fed Hike Bets, But December Looms
Economy 10/1/2026

Russia's Fuel Crisis: Central Bank Sees Normalization Despite Soaring Prices, Export Bans

The Bank of Russia is sticking to its guns, forecasting a normalization of the country's troubled fuel market by year-end and predicting only limited broader price impacts, even as the nation grapples with severe shortages and extended export bans. This optimistic outlook comes despite relentless Ukrainian drone attacks that have severely damaged Russia's oil refineries, creating a significant production deficit and driving up pump prices across the country.

Editorial Team1 min
Economy 9/30/2026

Porsche CEO Defends Petrol Comeback as EV Hurdles Mount Globally

Porsche is recalibrating its future, with CEO Michael Leiters confirming a renewed focus on petrol-powered models amidst significant hurdles for electric vehicles, particularly in crucial markets like China. This strategic pivot comes as the company grapples with slumping EV sales for its popular Macan, pushing for a more balanced offering that acknowledges current consumer demand.

Editorial Team1 min
Porsche CEO Defends Petrol Comeback as EV Hurdles Mount Globally
Economy 9/30/2026

Ukraine's Steel Sector Crumbles Under Relentless Russian Missile Barrage

Ukraine's once-thriving steel industry, a cornerstone of its economy, has been brought to a near standstill by a recent surge in Russian missile attacks, effectively wiping out 90% of the nation's steelmaking capacity. This unprecedented assault in August and September 2026 has crippled major plants like Zaporizhstal and ArcelorMittal Kryvyi Rih, leaving the country facing its first week in roughly a century without smelting a single ton of steel, and causing at least 17 worker fatalities across affected sites.

Editorial Team1 min
Ukraine's Steel Sector Crumbles Under Relentless Russian Missile Barrage
Economy 9/30/2026

China Warns EU: Brace for 'Resolute Response' Amid Escalating Trade Tensions

Beijing has fired a sharp warning shot at the European Union, vowing a 'resolute response' if the bloc moves forward with new trade restrictions against Chinese products and companies. This comes as Germany and France are reportedly pushing for a powerful 'European Section 301-style' tool that could rapidly shut China out of the EU market, escalating an already tense economic standoff. The warning from China's Ministry of Commerce on September 29, 2026, highlights Beijing's strong opposition to what it calls 'protectionist and unilateral measures' that could destabilize global trade.

Editorial Team1 min
China Warns EU: Brace for 'Resolute Response' Amid Escalating Trade Tensions
Economy 9/30/2026

Bond Yields Soar to Decade Highs, Yet Experts Urge Calm on Market Resilience

Global bond markets are witnessing a dramatic shift, with average government debt yields nearing 4% – levels not seen since 2007 – and key US Treasury yields hitting multi-decade highs. For instance, the 10-year Treasury yield recently surged past 5.2%, a 19-year peak, while the 30-year bond touched 5.587%, its highest since May 2004. Despite the jitters, many financial experts are urging investors to hold their nerve, suggesting the current surge reflects a robust economy rather than an imminent crisis.

Editorial Team1 min
Bond Yields Soar to Decade Highs, Yet Experts Urge Calm on Market Resilience
Economy 9/30/2026

Ruble Wobbles as Bank of Russia Adjusts Dollar and Euro Rates Amid Economic Pressures

The Bank of Russia has nudged its official dollar exchange rate higher to 84.43 rubles for September 30, while simultaneously lowering the euro rate by 18.74 kopecks to 96.0625 rubles. This adjustment comes as Russia's central bank navigates a complex economic landscape marked by persistent inflation, geopolitical pressures, and recent legislative moves by the U.S. aimed at further constraining Russia's energy revenues.

Editorial Team1 min
Economy 9/29/2026

Australia's RBA Hikes Rates Again: Economic Pain Intensifies to Tame Stubborn Inflation

In a move that sends another shiver down the spines of Australian households and businesses, the Reserve Bank of Australia (RBA) has hiked the Official Cash Rate by 25 Basis Points to a 15-year high of 4.60% today. This marks the fourth rate increase this year, as the RBA grapples with persistently high Inflation that refuses to retreat within its target band, even as other parts of the economy show signs of significant strain.

Editorial Team1 min
Australia's RBA Hikes Rates Again: Economic Pain Intensifies to Tame Stubborn Inflation
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