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The Latest Breaking News from Economy

US Stock Market: AI boom and consumer spending trends take center stage as earnings season nears key test

S&P 500 and NASDAQ Composite are heading into a crucial week near record highs, with investors focused on two key themes — the AI-driven market rally and the strength of U.S. consumer spending amid sticky inflation. Earnings from NVIDIA and major retailers like Walmart, Home Depot, Target and TJX Companies…

The Economic Times

India poised for strong growth revival despite global risks: Morgan Stanley

Morgan Stanley sees India's economy entering a new growth phase. Strong domestic demand and policy support are expected to boost corporate earnings. Indian equities are set for a strong year. Investments in key sectors will strengthen growth momentum. India's role in global GDP growth is increasing.

The Economic Times

Global Market: China’s April growth slows sharply as consumption, factory output weaken

China's economy shows signs of slowing down. Industrial output, retail sales, and investment activity weakened in April. This slowdown is linked to higher energy costs and subdued domestic demand. Exports offered some support, but consumer spending remains a concern. The property market downturn also continues to impact the economy.

The Economic Times

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AI Is Quietly Creating a New Global Economy Around Data, and Datavault Wants its Share

Most people still think of artificial intelligence as a software revolution.

inkl

China's economy slows in April as output, retail sales disappoint in blow to outlook

China’s industrial output growth slowed to 4.1% in April from 5.7% in March, missing market expectations of a 5.9% rise, official data showed on Monday.

The Economic Times

Want to jump into the 'China is back' rally? Tread carefully

Investors are increasingly betting that “China is back” as the economy rebounds from years of deflation, helped by strong manufacturing, exports and growth in sectors such as AI, electric vehicles, green energy and high-end manufacturing. China’s GDP grew 5% in the first quarter, while tech and industrial stocks in Hong…

The Economic Times

SNP Westminster leader demands urgent review of UK’s ‘anti-business policies’

Dave Doogan said policies such as the rise in employer national insurance contributions should be ‘scrapped as soon as possible’.

Evening Standard

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The American epoch of oil is collapsing. What comes next could be ugly

China is dominating the energy transition with astonishing result, while fossil fuel fascists in the US try to turn back the clock

The Guardian - US

Westminster ‘chaos’ turning people off Union, Sinn Fein Stormont minister says

Caoimhe Archibald, the Sinn Fein Economy Minister, said it ‘does not matter’ who is Prime Minister for people in Northern Ireland.

The Independent UK

Delhi Government to provide collateral-free loans up to Rs 10 crore to women startups

Delhi Chief Minister Rekha Gupta announced collateral-free loans up to Rs 10 crore for women's self-help groups and startups. The government will act as guarantor. This initiative aims to boost local products and promote 'Vocal for Local'. Platforms will be provided in malls for indigenous goods. The move supports women…

The Economic Times

Charting the global economy: Inflation mounts as war drags on

The Iran war is causing global economic disruption. Inflation is rising, impacting consumers and markets worldwide. The US sees its worst inflation in years, while Europe braces for interest rate hikes.

The Economic Times

India scrambles to steady rupee as oil shock bites

India is scrambling to salvage a sinking rupee as surging oil prices linked to the Middle East conflict threaten to disrupt the world's fastest-growing major economy. The depreciation has punctured India's ambition to become the world's third-largest economy.

The Economic Times

Australian economy expected to add thousands more jobs

The Australian Bureau of Statistics is forecast to post a positive gain in jobs when it publishes new data, as economists mull over sweeping tax changes.

AAP

Trump's Three-Time Voter Brands President 'Naive' as Iran War Sends Fuel Prices Soaring in GOP Areas

The US-Iran conflict has driven oil prices up, impacting rural Colorado's economy and testing political loyalties, as residents express frustration over the administration's handling of the crisis.

International Business Times UK

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Tom’s Guide

I've discovered the best way to sleep on a plane after a recent trip to Taiwan — and it all started with a foot hammock

My top 5 hacks for sleeping on a plane, with advice from experts and the biggest mistakes people make.

Euronews

Nvidia surpasses Germany: How the market caps of tech giants compare to top economies

Nvidia’s market capitalisation ($5.7 trillion) has overtaken Germany’s GDP ($5.45 trillion). The combined value of the five largest US companies now exceeds the total GDP of Europe’s five largest economies.

The Economic Times

CM Revanth Reddy slams PM Modi over petrol, diesel price hike, seeks immediate rollback

Telangana Chief Minister A Revanth Reddy has demanded the central government roll back the recent increase in petrol and diesel prices. He stated the hike is unjustifiable and will negatively impact various sectors. Reddy claimed the decision, made shortly after election results, betrays public trust. He also highlighted the weakening…

Axios

How Jerome Powell navigated pandemic, inflation and Trump

The outgoing Federal Reserve chair guided the U.S. economy through extreme tumult.

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news in one place.

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The Guardian - UK

Wealth of Britain’s 157 billionaires now equal to 22% of country’s GDP

This ‘ghost GDP’ shows how headline economic growth is increasingly disconnected from reality for most, says report

The Economic Times

From kitchen storage to recycling bins: How Deposit Refund Schemes can change India’s plastic economy

India is exploring Deposit Refund Schemes (DRS) to tackle plastic waste, where consumers pay a small deposit on packaged products, refunded upon return for recycling. This initiative aims to improve collection rates and boost the recycling system, though integration with the existing informal sector and consumer convenience are key challenges.

Euronews

The world has 10 five-star airlines – and none are European

Asian and Middle Eastern carriers have once again dominated Skytrax’s prestigious 5-star airline rankings, with no European airline earning a place among the world’s top-rated operators.

The Economic Times

India moves to buffer economy against Iran war fallout

India is taking urgent steps to protect its economy. Fuel prices have risen. Gold imports are restricted. Local government staff in Delhi are working from home to save fuel. Sugar exports are temporarily banned. These actions aim to conserve foreign exchange reserves amid global pressures. The nation faces challenges from…

TechRadar

Raspberry Pi founder warns replacing people with AI could ‘distort people's choices in ways that make that skill shortage worse and not better’

Raspberry Pi boss says AI technology could put young people off tech jobs and hurt the economy

The Economic Times

Tencent bets on India’s creator economy with Rs 10 crore gaming and animation push

Tencent is investing significantly in India's creative industries. The company will fund skill development and training programs for animation, visual effects, gaming, and comics. This initiative aims to boost India's 'Orange Economy' and create jobs. Partnerships will focus on talent development and global collaboration. India plans to train millions in…

The Guardian - UK

After four bloody years, the war on Ukraine might be turning into Putin’s undoing

A battered economy, huge numbers of casualties and very little territorial gain – it’s no wonder even stalwart Putin supporters are showing signs of disquiet, says Rajan Menon, professor emeritus of international relations

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