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The Latest Breaking News from Economy

India's Modi Dangles Tax Cuts As US Tariffs Loom

Indian Prime Minister Narendra Modi's push to slash consumption taxes on everyday goods could deliver billions of dollars in annual relief and boost demand in an economy bracing for painful US tariffs, experts say.

International Business Times

Russia is ‘teetering on the brink of a recession’ and headed for a disastrous harvest, while Putin’s other top source of cash plunges

“We also think there’s a significant probability of Russia’s economy slipping into a technical recession in the coming quarters.”

Fortune

Australia’s women remain an untapped resource in the hunt for productivity

Female empowerment is more than just ‘nice to have’, as I was once told in the halls of parliament. It’s good economic policy

The Guardian - AU

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From 401(k)s to Mortgages: What Jerome Powell's Surprise Rate Cut Signal Means for Americans

Fed Reserve Chair Jerome Powell's surprise rate cut is set to ripple through the US economy, affecting everything from 401(k)s to mortgages. Here's what the move could mean for ordinary Americans.

International Business Times

5 Reasons People Pause Financial Plans During Tariff-Driven Volatility

When global trade disputes heat up, it often leads to tariff changes that ripple through the economy in unpredictable ways. These shifts can affect everything from consumer prices to investment returns, making individuals reconsider their long-term money strategies. Many families and retirees choose to hold off on major moves because…

The Free Financial Advisor

8 Signs Your Portfolio Strategy May Be Outdated in This Economy

The economy changes faster than most investors realize, and what worked ten years ago may no longer serve you today. Market volatility, rising interest rates, and global uncertainty all mean your investments need to be more adaptable. Yet many people stick with the same portfolio strategy without asking whether it…

The Free Financial Advisor

BofA sees the replacement of people with process solving the 'productivity paradox,' because 'A process is almost free and it's replicable for eternity'

"I think people love this AI technology because it feels like sorcery," BofA's Savita Subramanian said. "The truth is it hasn't really changed the world that much yet, but I don't think it's something to be dismissed."

Fortune

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What’s the top threat facing your country? Europeans in 5 countries say it’s fake news online

People view online misinformation, the global economy, and terrorism as major threats, while concern for climate change and infectious diseases has fallen in high-income countries, the survey found.

Euronews

From 401(k)s to Mortgages: What Jerome Powell's Surprise Rate Cut Signal Means for Americans

Fed Reserve Chair Jerome Powell's surprise rate cut is set to ripple through the US economy, affecting everything from 401(k)s to mortgages. Here's what the move could mean for ordinary Americans.

International Business Times UK

What Grocery Shelves Reveal About Inflation

Ever walked down the grocery aisle and thought, “Everything costs so much more,” but weren’t sure why? Grocery shelves reveal more than what’s inside the packages—they show the shifting dynamics of inflation. From shrinking product sizes, to changing shelf space, to shopper behavior clues, your cart is more than a…

Grocery Coupon Guide

Trump's Acquisition of Stake in Intel Highlights Similiarities Between Right-Wing Nationalist and Left-Wing Socialist Economic Policies

Both are prone to promoting government planning and control of the economy, and both have common flaws.

Reason

Jerome Powell finally teases a rate cut, but don’t worry — he’s not about to let Trump claim it as his latest ‘win’

Federal Reserve Chair Jerome Powell recently spoke at the central bank’s annual conference, where he hinted that a change to interest rates might be coming soon. In his speech, Powell described two competing risks for the U.S. economy. Still, he seems to be giving in to Trump’s demands for a…

We Got This Covered

Winter is coming: U.S. will be most vulnerable to a recession late this year and early next as tariff and immigration fallout peak, top economist says

With the economy facing many threats, it wouldn’t take much to push it into recession, Mark Zandi warns.

Fortune

Why gold may be losing its shine as a safe-haven investment

The price of gold reached a historic high in April and remains close to that value. Conventional investing wisdom puts gold as a “safe-haven” asset – one that investors move towards in times of crises as they desert higher-risk assets such as stocks. But in August, the SP 500 stock…

The Conversation

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The Independent UK

Powell signals Fed may cut rates soon even as inflation risks remain

Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central bank will proceed cautiously as it continues to evaluate the impact of tariffs…

Fortune

China’s economic data is famously unreliable—and could be a warning if Trump meddles with the Bureau of Labor Statistics

Beijing “is really intolerant of economic instability, and so everything gets smoothed,” says Derek Scissors of the American Enterprise Institute.

Euronews

Pressure on Russia's economy intensifies as full-scale invasion of Ukraine continues

Russians are likely to face higher taxes as the burden on the budget grows and the Central Bank of Russia says that "the economy needs a breather."

International Business Times

Pressure On Merz As Trump Tariffs Hit German Economy

Germany's economy shrank more than expected in the second quarter as US tariffs battered exports, official data showed Friday, ramping up pressure on Chancellor Friedrich Merz to turn Europe's top economy around.

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Euronews

Germany’s GDP contraction worse than expected after tariff boost

The economy had seen a slight uptick at the start of this year as businesses sought to get ahead of tariffs, but the country has now slipped back into contraction territory.

The Independent UK

German economy shrank by 0.3% in second quarter in worse showing than initially thought

Official data shows the German economy shrank by 0.3% in the second quarter compared with the previous three-month period

Benzinga

Online Misinformation Seen As 'Major Threat' By 70% Of Americans: Survey

The spread of false information online ranks as a "major threat" to the United States for seven in 10 adults, outstripping concerns about terrorism, the global economy and climate change, according to a new Pew Research Center survey.

International Business Times

Asian Markets Tick Up As Investors Eye Jackson Hole Meeting

Asian markets were mostly up Friday morning ahead of a pivotal speech by the US central bank chief, expected to shed light on possible interest rate cuts in the world's top economy.

The Conversation

The economic pros and cons of building more and more data centres in the UK

About 100 new data centres, the large anonymous-looking buildings containing the complex computer systems which power the online world, are to be built in the UK. Vital for all of your digital needs – from Netflix and banking, to AI and social media – they are the heart of the…

Euronews

Eurozone business activity hits 15-month high in August

The eurozone's economy is gathering momentum as its latest business activity indicator, the flash composite PMI, increased in August, surpassing expectations. It was boosted by manufacturing, which expanded in the bloc for the first time since June 2022.

The Conversation

Enslaved Africans, an uprising and an ancient farming system in Iraq: study sheds light on timelines

Written accounts tell the story of the Zanj rebellion – a slave revolt that took place in the late 9th century in southern Iraq. Some of the rebels were enslaved Africans working in various sectors of the local economy.

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