The Latest Breaking News from Economy

Most Americans blame Trump for worsening economy, new poll finds

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The Independent UK · May 12

Global turmoil tests India’s resilience; time for a strategic economic pivot

India faces economic challenges due to global events. Prime Minister Modi urges careful resource use. The nation must boost foreign investment and cut imports to strengthen its economy. Focus on energy transition and attracting capital will build resilience. Targeted strategies can secure export growth and long-term strength.

The Economic Times · May 12

Global turmoil is India’s 'wake-up call' to cut import dependence: Piyush Goyal

India's Commerce Minister Piyush Goyal urges domestic industry to embrace self-reliance amid global challenges. He calls for increased productivity and better use of trade agreements. The minister emphasizes reducing import dependence to bolster the economy. He also highlights the potential of electric vehicles and advanced technologies like AI for growth.…

The Economic Times · May 12

Star Catcher just raised $65 million to build the world's first power grid in space — with lasers

Star Catcher Industries just raised $65 million to build a constellation of power-beaming satellites, which the Florida company thinks will supercharge the off-Earth economy.

Space · May 12

The Disappearing Supermarket Why Major Cities Are Struggling to Keep Grocery Stores Open

Accessing healthy and fresh food is a significant logistical hurdle in many modern urban centers. Residents in large cities often find their local supermarkets closing their doors without much prior warning. This trend creates extensive food deserts where families have extremely limited options for daily nutrition. Losing a neighborhood grocery…

Grocery Coupon Guide · May 12

UAE Central Bank grants first crypto payment licence to Crypto.com

The UAE has become the first country to grant a Stored Value Facilities (SVF) license to a cryptocurrency platform, allowing regulated digital asset payments. This landmark approval enables UAE residents to pay government fees using cryptocurrencies, integrating virtual asset payments into the nation's regulated financial system and bolstering its digital…

The Times of India · May 12

Chanel for Chandigarh, Mango for Mangaluru: India’s luxury map shifts beyond metros

India's retail landscape is shifting as smaller Tier-2 cities are now attracting global brands and premium malls, outperforming larger metros. A new study reveals a parallel retail economy emerging, driven by strong consumption power and modern infrastructure in these rapidly developing urban centers.

The Economic Times · May 12

Get ready for a budget slowdown. But Chalmers insists we won’t see a recession

Treasurer Jim Chalmers has called his budget “ambitious in the face of adversity”.

The Conversation · May 12

Bleak outlook for national economy if Iran war drags on

Higher budget spending won't help the Reserve Bank, economists warn, as a prolonged war in the Middle East is forecast to push inflation above seven per cent.

AAP · May 12

Farage surge makes Starmer's EU push 'more important than ever,' UK minister tells Euronews

Crushing local election loss is piling pressure on Prime Minister Keir Starmer, as rising support for the anti-immigration Reform UK exposes growing public frustration over migration and the economy.

Euronews · May 12