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The Latest Breaking News from Economy

China is 'a critical long-term strategic challenge', EU ministers say

EU foreign ministers issued a joint assessment of the risks posed by China, warning that Beijing threatens not only the bloc’s economy but also its security, while highlighting the shared ambition of China and Russia to assert regional dominance.

Euronews

Rick Scott Slams Progressive Democrats Over Defense Bill Blockade and Says AOC's Influence Is Pushing Schumer Toward 'Crazy Ideas'

Sen. Rick Scott (R-Fla.) criticized progressive Democrats over government spending and defense policy disputes, arguing that socialist ideas could weaken individual freedom and the American economy.

Benzinga

India's non-sovereign debt may rise to 150 pc of GDP by 2047: Crisil

India's non-sovereign debt may reach 150 percent of GDP by 2047. This increase is essential for achieving a USD 30 trillion economy. Banks alone cannot meet this massive credit demand. The debt capital market must therefore play a larger role. Reforms are needed to broaden investor participation and market depth.

The Economic Times

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AI impact, rising costs reshaping Gen Z careers towards multiple income streams: Report

India's Gen Z is building multiple income streams, moving away from single employers. This shift is driven by AI adoption and increasing living costs. Many young professionals are creating portfolio careers for economic resilience. Hybrid and flexible work arrangements support this growing trend. The gig economy's expansion further encourages diversified…

The Economic Times

US Stock Market: Fed Beige Book signals improving economy as inflation eases, but fuel costs and tariffs remain risks

The US economy shows moderate expansion with improving employment figures. Inflation is easing across Federal Reserve districts, though fuel costs remain a concern. Businesses anticipate continued growth while facing elevated input expenses. The labor market remains resilient without generating excessive wage pressures. Geopolitical developments and tariffs continue to shape the…

The Economic Times

China’s Rare Earth Curbs Could Trigger $6.5 Trillion Supply Shock for Industries From EVs to Weapons Systems, IEA Warns

China’s rare earth export controls could expose $6.5 trillion of production outside the country to supply shocks, the International Energy Agency warned on Thursday, highlighting how small volumes of strategic minerals can threaten large parts of the global economy.

Benzinga

India proposes CAFE-III norms to tighten fuel efficiency standards for passenger vehicles

New fuel economy standards for passenger vehicles are proposed by the Ministry of Power. These Corporate Average Fuel Economy-III norms will apply from 2027-28 to 2031-32. Carmakers must meet fleet-wide fuel efficiency targets under the proposed rules. The aim is to improve fuel efficiency and lower vehicle emissions across India.

The Economic Times

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Burnham must learn from Starmer’s mistakes: Labour was elected to transform the economy, not just stabilise it

Devolution, tax, the EU and immigration: these are all opportunities for growth if Burnham abandons the excessive caution of the past few years, says economist Jonathan Portes

The Guardian - UK

Economic anchor or climate catastrophe? How HVO project could shape Hunter's future

Hundreds turn out to voice their views about the massive Hunter Valley Operations continuation project.

Newcastle Herald

UK economy returned to growth in May driven by services sector

IN FULL

The Independent UK

Global growth set to slow to 2.5% and India 'will lose a step too': Moody's Analytics

Moody's Analytics expects global growth to slow to 2.5% in 2026, saying India too "will lose a step" amid a broader moderation in activity. The report said the AI boom has prevented a steeper downturn but warned that geopolitical tensions, trade frictions and inflation continue to pose downside risks to…

The Economic Times

Government brings British Steel under public ownership; oil price rises to $85 as US-Iran tensions escalate – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

UK economy ekes out growth in May amid Iran war pressures

Growth has been pulling back sharply after a much better than expected start to the year

The Independent UK

UK economy eked out growth in May amid Iran war pressures

The Office for National Statistics said gross domestic product rose by 0.1% in May, following a 0.1% contraction in April.

Evening Standard

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The Independent UK

UK economy returns to growth in May despite Iran pressures – with Andy Burnham warned over what’s next

The Office for National Statistics said gross domestic product rose by 0.1% in May, following a 0.1% contraction in April.

The Guardian - UK

UK economy grew by 0.1% in May despite impact of Iran war

Rise in GDP follows a 0.1% decline in April, figures from the Office for National Statistics show

Tom’s Guide

I drove the BMW XM Label and Audi RS Q8 for a week — here’s the only one I'd recommend

I put the 2026 BMW XM Label and 2026 Audi RS Q8 to the test for a week each to find out which performance luxury SUV is worth splurging on.

The Independent UK

US imposing a 25% tariff on some Brazilian imports starting July 22, citing unfair trade practices

The Trump administration is imposing 25% tariffs on imports from Brazil after finding a range of what the U.S. deemed unfair trade practices by the world’s 10th-biggest economy

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The Economic Times

Gold steady as Mideast escalation tempers easing inflation optimism

Gold prices remained stable as U.S. inflation data showed easing pressures. However, Middle East conflict escalation drove oil prices higher, reviving energy cost concerns. U.S. producer prices unexpectedly fell in June, indicating subsiding inflation before recent events. Federal Reserve officials expressed determination to bring inflation down soon. China's economy expanded…

The Economic Times

Strait of Hormuz closure must end within weeks or global economy will suffer, IEA chief warns

Global economic headwinds could emerge if Strait of Hormuz disruptions continue for weeks. Financial markets show anxiety over escalating conflict and its impact on energy shipments. Commercial shipping has sharply declined after vessels came under attack and blockades. The International Energy Agency warns of significant vulnerability for developing nations. The…

International Business Times UK

China's GDP Growth Slows to 4.3% in Second Quarter as Iran War Hits Oil Prices

China's economy grew by 4.3% in Q2 2026, the slowest since 2022, due to the Iran war's impact on oil prices and weak domestic spending, despite a surge in exports.

Barchart

What IBM’s Weak Report Reveals About the Market

IBM’s weak preliminary report isn’t a sign of AI slowing but a leading indicator of the second wave of AI. Traditional enterprises are shifting budgets from software to hardware, proving that AI adoption has spread from Big Tech to the wider economy.

Kiplinger

How to Fight the Annoyance Economy

Hidden fees, customer service snafus and other financial hassles cost Americans an estimated $165 billion a year.

The Independent UK

United Airlines rolling out first-of-its-kind perk in the US: empty middle seat

This innovative configuration will initially be available in a single row of United's Economy Plus section

The Guardian - UK

Maltese politicians ‘involved’ in plot to kill Daphne Caruana Galizia, court hears

Former economy minister Chris Cardona and ex-chief of staff Keith Schembri named as being involved in 2017 murder of journalist

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