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The Latest Breaking News from Economy

Stocks Slip Before the Open as Oil Rises on U.S.-Iran Peace Deal Uncertainty, PMI Data in Focus

June S&P 500 E-Mini futures (ESM26) are down -0.40%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.55% this morning as oil prices and bond yields climbed, with investors watching to see whether hopes for a peace deal in the Middle East will turn into tangible progress.

Barchart

Shaquille O'Neal already has $500 million, but is going back to college for a fourth degree at the age of 53. What can Gen Z learn from him?

NBA legend Shaquille O'Neal, now 54, earned his fourth college degree from LSU, urging Gen Z graduates to embrace lifelong learning in an AI-driven economy. He emphasized that character trumps resumes and that failure is a stepping stone to success. O'Neal's commitment to education extends beyond basketball, building a vast…

The Economic Times

Euro zone growth forecast cut because of war impact

BRUSSELS - The euro zone economy will expand less than expected this year, the European Commission said on Thursday, as the Middle East war and subsequent energy shock take their toll.

Bangkok Post

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Jeff Bezos, world's 4th richest man, couldn't stop talking about a nurse in Queens earning $75,000. Here's why

Amazon founder Jeff Bezos, also the world's fourth richest man, argued that low-income earners in the US should pay no taxes, citing a nurse earning $75,000 as an example. He described the US economy as split between those thriving and those struggling with inflation and rising costs, questioning the tax…

The Economic Times

Recession warning? Eurozone activity hits lowest level in over two and a half years due to Iran war

Business activity across the eurozone slowed sharply in May, hitting its lowest level in more than two and a half years.

Euronews

Trump says he could run for prime minister in Israel claiming ‘99 percent approval rating’

Trump remarks come as his popularity with American voters continues to plummet, with a new poll showing growing disapproval over the Iran war and the economy

The Independent UK

Fuel imports keep India's economy under pressure despite gold duty curbs: Kotak Securities official

India's economy is under pressure from high crude oil prices due to global crises. Experts warn that government actions may not fully resolve the issue. The country imports most of its crude oil, impacting its import bill and current account deficit. Rising dollar payments are also weakening the Indian rupee.

The Economic Times

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India considering several measures to stop CAD from widening further, says Piyush Goyal

India CAD: India is watching the fluctuations in the global economy as policymakers deliberate on strategies to address the growing current account deficit, Piyush Goyal said. With the rupee under pressure amid uncertain global trade dynamics, the latest figures show a worrying trend for the December quarter; Nonetheless, the fiscal…

The Economic Times

Congress says India needs ‘radical reset’ in economic policy, targets Narendra Modi govt

Indian National Congress has criticized the handling of India’s economy, accusing Prime Minister Narendra Modi of prioritizing elections over pressing economic challenges. The party claimed that rising inflation, slowing economic growth, and declining foreign investment are increasing concerns across sectors. Congress leaders also alleged that a climate of fear and…

The Economic Times

Parle Melody: The ₹1 soft power twist Modi served to Meloni and the world

Prime Minister Modi's gift of a Parle Melody toffee to Italy's Giorgia Meloni symbolised India's evolving soft power. Beyond traditional exports, this gesture highlights India's growing confidence in its mass-market culture and everyday consumer identity, signaling a shift towards showcasing its vibrant domestic economy on the global stage.

The Economic Times

India-Nordic Summit signals New Delhi's emergence as 'co-author of global governance': Analysis

When Denmark's Prime Minister Mette Frederiksen described India in Oslo as "not a middle power, but one of the world's greatest powers," it signalled more than diplomatic warmth. It reflected a broader geopolitical transition in which India is increasingly being seen as a co-author of global climate, technology and governance…

The Economic Times

World built more coal power in 2025 but used less

The world built and commissioned more coal power in 2025, but used the polluting fuel less, with the United States the only major economy to substantially increase generation, a new analysis shows.

Bangkok Post

FED:Surprise unemployment jump 'comfort' for Reserve Bank

About 18,600 fewer Australians were employed in April, which should ease the Reserve Bank's concerns the economy is above capacity and driving up inflation.

AAP

Is This Racist? PM Modi Cartoon Triggers Online Storm

In the digital age, a single image can travel faster than facts, opinions, or context. That is exactly what happened when a cartoon of Prime Minister Narendra Modi appeared in a Norwegian newspaper opinion piece. What was meant as political commentary quickly turned into a global discussion. The illustration divided…

MyLifeXP

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Evening Standard

Consumer confidence rises slightly following signs of Iran ‘de-escalation’

Confidence in the economy over the next three months remains firmly in negative territory at minus 48, but up from minus 53 last month.

Fortune

SpaceX will be worth trillions, but the space station that made it possible is worth even more — if we don't squander it

SpaceX's IPO and NASA preparing to deorbit the ISS could mean missing out on trillions in untapped value — unless we build a bridge to the space economy.

Ballotpedia

New York replaces 2030 emissions goal with 2040 target

In this week’s edition of Economy and Society:

Bangkok Post

CPN invests B3.8bn in new Khon Kaen development

SET-listed Central Pattana (CPN) is investing 3.8 billion baht in a mixed-use development comprising its second shopping mall in Khon Kaen, a budget hotel and a high-rise condominium project, aiming to capitalise on the province's growing economy and rising urban demand.

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The Times of India

Everest economy shift: Sherpas move from muscle to mass market, edge out Western firms

Until 2010, outfits like Adventure Consultants and Himex (New Zealand), Alpine Ascents International and International Mountain Guides (US), and Jagged Globe (UK) dominated Everest, while Nepalis worked merely as employees for these firms.

Barchart

Walmart Stock Looks Quite Risky Heading Into Q1 Results

Higher oil prices and the K-shaped economy are negative catalysts for WMT stock.

Evening Standard

Government hails trade deal with Gulf states ‘worth £3.7bn a year’ to UK economy

The UK has become the first G7 country to strike a free trade deal with the bloc of six Gulf states.

Barchart

High Energy Prices Are Weighing on the EU Economy. Sell the Euro Here.

September Euro currency futures present a selling opportunity on more price weakness.

We Got This Covered

‘Hottest country in the world’: Donald Trump tries to brag about the economy, accidentally admits how Americans actually feel

Truth finds a way.

The Conversation

Swatch brawls: why are people fighting over pocket watches?

So now we know exactly what you get when you cross two distinct brands of Swiss watch-making, one affordable (Swatch) and one luxury (Audemars Piguet). You get a new model of watch that attracts massive hype, huge queues and brawling customers.

International Business Times UK

Donald Trump Unwittingly Admits Looming Economic Fears At White House Picnic Event

At a White House picnic, Donald Trump praised a 'thriving' US economy before conceding 'people aren't seeing it yet'. His attempt to blame Iran war fallout exposes a growing political risk.

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