The Latest Breaking News from Economy

Economic growth and democratic decline: the ‘cotton king’ who reshaped Benin

Patrice Talon has transformed the west African country’s economy and infrastructure at the expense of political freedom

The Guardian - UK · Sep 30

‘If people are in a bunker, business stops’: Missile alerts cost Ukraine $45m for every hour they halt businesses

Minister tells Guardian of trade-offs Kyiv facing as it tries to keep normal life moving amid Russian strikes

The Guardian - UK · Sep 30

Bernstein cuts PB Fintech share price target by 53%. More pressure after Rs 37,000 m-cap rout?

PB Fintech shares have plunged 42% in four sessions, wiping out Rs 37,000 crore in market value, following IRDAI’s proposed reforms to curb dark patterns and rationalise insurance commissions. Bernstein, Jefferies and Morgan Stanley have flagged potential pressure on earnings, distribution economics and valuations, with brokerages highlighting risks to health…

The Economic Times · Sep 30

Were the Nazis Socialist? Only in Part

The Nazis were similar to socialists supporting economic statism, but different in other key aspects of their ideology.

Reason · Sep 29

Low productivity is NZ’s economic elephant in the room. Election pledges mostly avoid it

Yesterday’s Pre-Election Economic and Fiscal Update from the Treasury has given political parties their clearest picture yet of the economy they could inherit after November’s election.

The Conversation · Sep 29

Your Truck Gets 15 MPG — What Does Driving It Actually Cost at $4+ Gas?

A truck that gets 15 MPG costs about 30 cents in gasoline for every mile driven when gas costs $4.48 a gallon. That figure comes from a simple calculation, but it changes how a truck’s fuel bill looks over a week, a month, or a year.

Clever Dude · Sep 29

Anthropic's IPO prospectus sharpens focus on AI valuations

Anthropic is betting that AI will reshape the global economy more profoundly than industrialization, electricity and the internet, according to its IPO prospectus seen by Reuters.

The Economic Times · Sep 29

Why SpaceX Investors Should Look Past Starship’s Fiery Splashdown

SpaceX's Starship Flight 14 was destroyed on reentry, but it deployed 26 Starlink V3 satellites, a payload win that bolsters Starlink's revenue and unit economics despite the stock's steep valuation.

MarketBeat · Sep 29

Global economy is shifting East, Global South must seize the moment: Shaktikanta Das

The Principal Secretary-2 Shaktikanta Das outlined the challenges and opportunities facing Global South economies during recent discussions. Energy shocks, trade barriers, and geopolitical uncertainties pose significant risks for these nations as they adapt. Strategies focused on food security, trade diversification, and job creation are essential for future resilience. Additionally, rising…

The Economic Times · Sep 29

Cities keep shelling out taxpayer money for sports stadiums, yet the economics almost never makes sense

Americans are crazy about sports. But whether that passion requires taxpayers to subsidize new facilities every time leagues and franchises ask for them needs rigorous scrutiny.

The Conversation · Sep 29