The Latest Breaking News from Economy

Kevin Warsh confirmed to lead Federal Reserve

He becomes Fed chair at a moment of resurgent inflation, public discontent with the economy and attacks on the central bank's independence.

Axios · May 13

Top 10 countries with the most gold in 2026: USA tops, China and India lead the global rankings

Gold is amongst the safest forms of investment in the world as it serves as an insurance instrument against inflation, foreign exchange risks, and political instability. It is very usual for the foreign exchange reserves of a country to have some quantity of gold in them. According to the figures…

The Times of India · May 13

$5 Trillion Crisis: New Study Warns Diabetes Will Devastate Global Economy by 2050

A study warns diabetes may cost the global economy over $5 trillion by 2050, highlighting its impact on productivity and growth across 190 countries.

International Business Times UK · May 13

For 250 years, America didn't just invent the future — it built it. That connection is breaking. Here's how to restore it

As Fortune marks 250 years of American innovation, McKinsey leaders argue the country faces its most consequential reinvention test yet.

Fortune · May 13

India can become world's AI skill capital if AI literacy doubles by 2030: IBM India MD

With the right investment in education and training, India is on track to emerge as the global hub for artificial intelligence skills by 2030. IBM India & South Asia's Managing Director, Sandip Patel, expresses optimism about this prospect, estimating that AI could inject over $500 billion into the country's economy.

The Economic Times · May 13

Why Modi is asking people in India to stop buying gold

The unusual appeal from the prime minister has a direct impact on India’s foreign exchange reserves as the economy grapples with energy crisis and declining currency value, writes Namita Singh

The Independent UK · May 13

AI could add over $500 billion to India's economy by 2030: Study

Artificial Intelligence promises to boost India's economy by over $500 billion by 2030. Indian business leaders are optimistic about AI's role in GDP growth. However, many companies are still in the pilot phase of AI adoption. Key challenges include cloud infrastructure, data quality, and a growing skills gap. India aims…

The Economic Times · May 13

Iran's economy is being tested by war, blockades and soaring inflation

Inflation has hit 54% and the rial has lost more than half its value, but Tehran insists it can hold out

Euronews · May 13

Which European economies are growing the fastest in 2026?

The eurozone has slowed sharply, expanding just 0.8% year-on-year in the first quarter of 2026. Yet three economies are growing several times faster than the bloc as a whole.

Euronews · May 13

Stock Index Futures Gain as Tech Stocks Rebound, U.S. PPI Data and Trump-Xi Summit in Focus

June S&P 500 E-Mini futures (ESM26) are up +0.25%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.79% this morning, buoyed by gains in technology stocks, while investors gear up for crucial U.S. producer inflation data and the highly anticipated Trump-Xi summit.

Barchart · May 13