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The Latest Breaking News from Economy

Moldova's president nominates pro-European businessman Vasile Tofan for prime minister

If approved by parliament, Tofan will be tasked with driving Moldova closer to realising its EU membership goal and reviving an economy that has experienced years-long decline.

Euronews

IMF growth downgrade, Fed split and oil fears dominate week in global economy

The International Monetary Fund forecasts a sluggish global economic growth of three percent this year. US home prices have reached an all-time high, impacting affordability for buyers. Federal Reserve officials are divided on future inflation trends and interest rate adjustments. Global oil demand is expected to decline for the first…

The Economic Times

Cash deposits over B5m to face mandatory disclosure

Customers depositing more than 5 million baht in cash will be required to disclose the source of the funds from the fourth quarter as part of tighter measures to curb the grey economy and illicit financial activities, according to Bank of Thailand governor Vitai Ratanakorn.

Bangkok Post

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For 250 years, work defined American identity. That era Is ending

AI is not just disrupting jobs. It is destabilizing the work-centered identity that helped define American life, forcing us to invent something new.

Fortune

How a vague clause in Trump’s peace deal led to anarchy in the Strait of Hormuz

IN FOCUS: The global economy is facing uncertainty after the resumption of hostilities between the US and Iran. Experts tell Maira Butt that negotiators must go back to the drawing board on the Strait if disruption is to be avoided

The Independent UK

World Cup quarter-final expected to generate £500m sales boost for UK economy

As England prepare to take on Norway on Saturday, sales of pints, takeaways and new TVs continue to surge

The Guardian - UK

5 world market themes for the week ahead

TSMC's earnings will offer insights into AI chip demand this week. Wall Street banks are set to report, with expectations for strong corporate profits. Oil prices remain volatile amid tensions with Iran and Strait of Hormuz flows. US inflation data will gauge the Federal Reserve's stance on interest rates. Chinese…

The Economic Times

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'Today, the token economy is emerging': AI use in China increases 1000-fold with usage exceeding 140 trillion tokens a day

With AI token consumption rising dramatically since 2024, AI companies are adapting their pricing to be based on consumption.

TechRadar

Trump Appointed Kevin Warsh as the Federal Reserve Chairman. Now He's Assembling an AI Taskforce

Federal Reserve Chairman Kevin Warsh has assembled a new artificial intelligence task force whose members believe that AI has the potential to reshape the U.S. economy in ways that could benefit government and industry.

International Business Times

Govt defends ethanol blending, says programme saved Rs 1.9 lakh crore in forex

The government defends its ethanol-blended petrol program amid concerns. This initiative has significantly boosted the sugar economy and farmer incomes. It has also saved India substantial foreign exchange and reduced carbon emissions. Maize is now the largest feedstock for ethanol production, increasing farmer realization. Extensive research confirms E20 fuel is…

The Economic Times

Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it

"Ultimately, both sides need a deal soon given domestic vulnerabilities: looming U.S. midterms, Iran's economic and political fragilities."

Fortune

Bankruptcy boom: Businesses going broke in Europe's biggest economy

Germany faces a widespread corporate insolvency crisis impacting numerous sectors. High energy costs and industrial decline are major contributing factors to this trend. Small and medium-sized businesses are disproportionately affected by these economic pressures. Structural issues like high taxes and bureaucracy also hinder competitiveness. Government reforms aim to address these…

The Economic Times

Emirates to launch flagship airbus A380 on Dubai–Delhi route from October 25, expands premium economy in India

Emirates will begin operating its flagship Airbus A380 on the Dubai–Delhi route from October 25, making Delhi the third Indian city to receive regular flights by the airline's double-decker aircraft.

The Times of India

Why India Is Increasing Regulations on Big Tech Companies?

Think about how many times you've opened a Google app, scrolled through Instagram, ordered something online, or made a digital payment today. For most of us, these platforms have become second nature. But while they've made life easier, they've also become incredibly powerful. Now, India is starting to ask an…

MyLifeXP

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The Conversation

Why better-off cities and towns see more benefits from data centers than rural regions

The fierce backlash against data centers shows no sign of easing up.

The Guardian - UK

MPs call on UK government to host televised emergency briefing on climate crisis

As UK swelters in another heatwave, 50-minute Chris Packham film outlines threats to security, economy and health

The Independent UK

Why Burnham might be better off aligning with the US – not the EU

IN THE ROOM: Andy Burnham's proposal to fix the UK's dire economic situation is to devolve and cosy up to Europe – but the solution may lie elsewhere, argues Helen MacNamara. Reported by Maja Anushka

The Independent UK

Ships stop crossing Strait of Hormuz after US and Iran trade strikes

Tehran said transit through the vital shipping route has been blocked due to US military action

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The Economic Times

The waiting game: Why the UK’s stablecoin moment is now

Global stablecoin market value exceeds three hundred billion dollars, dominated by US dollar denominations. The United Kingdom faces a strategic challenge to increase its presence in this evolving financial architecture. Stablecoins offer efficiency in cross-border payments and programmability for the AI economy. Risks exist but are manageable with appropriate regulatory…

Euronews

French economy minister on Spain's debt proposal: 'It's interesting'

French Economy Minister Roland Lescure reacts to Spain's proposal for a new joint EU debt instrument worth up to €850 billion, while warning of potential risks. "If one country transfers its debt to the whole community, that might be an incentive for that country to take on more debt," Lescure…

The Economic Times

Power giant NTPC seeks uranium assets overseas in nuclear push

India's largest power producer seeks overseas uranium mines for future nuclear capacity. NTPC plans to build thirty gigawatts of nuclear power over two decades. This move supports India's broader push to decarbonize its economy. The company is looking at assets in Canada, Australia, and Kazakhstan. This strategy addresses domestic fuel…

The Economic Times

E20 petrol may cut mileage by 3-5% in some vehicles, but benefits outweigh impact: Oil Ministry

The government acknowledges E20 fuel's minor fuel economy reduction. This impact is outweighed by benefits like better engine performance and lower emissions. India's ethanol blending program began with pilot projects in 2001. The nation achieved ten percent blending ahead of schedule in 2022.

BANG Premier

Kristin Cavallari's children fly in economy while she sits in first class: 'It's good for them!'

Businesswoman and fashion designer Kristin Cavallari makes her three children fly in economy while she is in first class during flights because she thinks it will make "a big difference" to them "in the long run".

The Guardian - UK

Here’s how Andy Burnham can finance a reindustrialised Britain – without doing a Liz Truss

Britain’s PM-in-waiting is right that the country has been failed by 40 years of neoliberalism. There will be obstacles, but he must embrace the radicalism, says Guardian columnist Larry Elliott

The Economic Times

Emirates to deploy A380 on Delhi route from October; expands Premium Economy to 6 Indian cities

Emirates will introduce its A380 aircraft on the Dubai-Delhi route starting October 25. This move expands the airline's double-decker service to a third Indian city. Premium Economy will also become available on six Indian destinations by month's end. The airline cites strong demand as a reason for these network enhancements.…

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