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The Latest Breaking News from Economy

World Bank cuts global growth forecast to 2.5%; India seen growing 6.6% amid Iran war

Global economic growth is set to slow to 2.5% this year. The World Bank attributes this to the Iran war, which has driven up energy prices and created uncertainty. Developing nations face a significant slowdown. While the US economy remains resilient, other countries are experiencing harder impacts. Disruptions in energy…

The Economic Times

Citing fallout from Iran war, World Bank cuts forecast for global economic growth

The economic fallout from the Iran war — higher energy prices and increased uncertainty — will drag down global growth this year, the World Bank said Thursday

The Independent UK

ECB hikes interest rate by 25 bps, first since 2023 to tame Iran war inflation

The European Central Bank raised its benchmark interest rate by a quarter point to 2.25 percent, marking its first hike since 2023. This move aims to combat accelerating inflation, driven by the Middle East war's energy shock, despite concerns for the struggling eurozone economy. The ECB also lowered its growth…

The Economic Times

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UK economy expected to show signs of Iran war impact as fuel prices soar

UK’s economy grew better than expected before the breakout of the Iran war

The Independent UK

While investors await the SpaceX IPO, these space stocks are already public, building an economy in Earth orbit and beyond

In addition to rocket companies that launch payloads into orbit, others in the sector develop satellites and vehicles or provide space-based services like communications or imagery.

Fortune

BCLC Projects Net Income to Surpass CAD $1.5 Billion by 2029 Amid iGaming Expansion

The Klondike Gold Rush started in 1896 in Canada’s Yukon Territory, drawing in an estimated 100,000 prospectors from all around the world.

inkl

ECB raises interest rates for the first time in three years as Iran war fuels inflation

The European Central Bank has lifted its deposit facility rate by 0.25% to 2.25%, marking a decisive pivot back to tightening as the Iran war pushes eurozone inflation to its highest level in nearly three years.

Euronews

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UK economy set to show Iran war impact in April from surging fuel prices

Most economists forecast a 0.1% decline in output month-on-month – a marked reversal after the 0.3% growth seen in March.

Evening Standard

Young people in Britain are suffering a joblessness epidemic – and, so far, Labour is just making it worse

Youth unemployment is harming the mental health of a generation. A sluggish economy will only make things harder, says Guardian columnist Larry Elliott

The Guardian - UK

Prabhudas Lilladher cuts Nifty target to 26,449, lists 16 high conviction stock picks

Amidst global market turmoil from the Iran-US war and El Nino, Prabhudas Lilladher lowered its Nifty 50 target to 26,449. The brokerage anticipates limited further downside but warns of sharp swings due to prolonged uncertainty. Rising geopolitical risks and import dependence are impacting India's economy, potentially curtailing consumption demand.

The Economic Times

Uber's Dream AI Job Turned Into a Nightmare

Imagine receiving an offer that promises up to $150 an hour. No advanced degree requirement. A chance to work on some of the world's most powerful artificial intelligence systems. For thousands of tech workers, it sounded like the opportunity of a lifetime. But behind the impressive paycheck, workers claim they…

MyLifeXP

Fueling Demand: Inside India’s ethanol mobility revolution in reverse

India is launching an ambitious green mobility initiative. The country is establishing E100 fuel stations nationwide before flex-fuel vehicles become common. This strategy aims to reduce oil imports and boost the rural economy. Major automakers are now introducing flex-fuel cars and motorcycles. This rapid development marks a significant shift in…

The Economic Times

Europe is finally, slowly getting its act together

Europe stands on the brink of a pivotal transformation, launching a set of ambitious reforms aimed at revitalizing its economy and global footprint. By strategically pushing for the expansion of major banks, tech giants, and defense sectors, the European Union is determined to avoid the pitfalls of a second-tier economy.

The Economic Times

The space economy's next frontier is in ground infrastructure, Northwood Space CEO says

At Fortune Brainstorm Tech conference, Bridgit Mendler emphasized how massive leaps in launch capacity and spacecraft manufacturing are supercharging the space economy.

Fortune

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Bangkok Post

AI push mirrors green transition

The AI race is already generating forces that are transforming the global economy. That makes it surprisingly similar to the green transition, given the potential of both to upend traditional industries, labour markets, and geopolitical balances. Both call for trillions of dollars in upfront investments in exchange for significant benefits…

Bangkok Post

Thailand's misleading growth story

Thailand's quarterly GDP growth rate was 1.2% in the third quarter of 2025, rising to 2.5% in the fourth quarter and further to 2.8% in the first quarter of 2026, according to the National Economic and Social Development Council (NESDC).

Bangkok Post

Thais put home ownership on hold

The proportion of consumers with no plans to buy a home within five years has risen sharply to 56%, from 47% a year earlier, marking the highest level in four years as concerns about the economy weigh on purchasing decisions.

The Canberra Times

Our economic chickens are coming home to roost. This is why

The nation's report card shows mediocrity, but worse is coming.

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The Economic Times

Trump says US military ops ensure safe passage of 100 million barrels of oil through Hormuz

President Donald Trump revealed a secret US military mission. This operation supported oil tankers and commercial ships. Over 100 million barrels of oil passed through the Strait of Hormuz. More than 200 ships traveled safely. Trump stated the United States controls the Strait of Hormuz, not Iran. He declared Iran's…

Ballotpedia

Global taskforce releases draft framework for social disclosure

In this week’s edition of Economy and Society:

The Economic Times

Govt highlights tax reforms, investor confidence as Modi completes 12 years as PM

Prime Minister Narendra Modi has completed twelve years as India's longest-serving elected leader. The government highlights significant achievements in tax reforms, digital expansion, and economic growth. India has transitioned to become the world's fastest-growing major economy. These reforms have boosted investor confidence and are paving the way for a USD…

Latin Times

Were Immigrants Really Stealing the Jobs of U.S. Citizens?

For years, the political promise was blunt enough to fit on a rally sign: deport undocumented immigrants, free up jobs for Americans, raise wages, and restore economic order. It was a powerful message because it sounded intuitive.

Barchart

Only 1 Stock Is the Indispensable Backbone of the $1.8 Trillion Space Economy — and It’s Not SpaceX

As SpaceX's IPO fuels excitement around a potential $1.8 trillion valuation, investors may be overlooking its smaller rival that has become deeply embedded across nearly every corner of the growing space economy.

The Economic Times

Mobile data cost dips 97% to Rs 8 per GB, broadband users up 17x in 12 years of Modi govt

Internet data costs have fallen dramatically by 97 percent since 2014, making it more affordable. This has led to a significant increase in internet users, especially in rural areas. The digital economy is booming, with mobile phone manufacturing and exports also seeing massive growth. India is becoming a leader in…

Reason

The Next AI Success Story Might Be Nepal

A market-friendly ruling party, abundant energy, and ample talent could jumpstart a new tech hub in the Himalayas.

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