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The Latest Breaking News from Economy

Pauline Hanson’s stance on paid parental leave and childcare could turn clock back by decades, economists warn

One Nation leader appears to suggest women should not be paid by employers while on maternity leave and calls for family income splitting

The Guardian - AU

In 1992, Canada's cod moratorium put 30,000 Newfoundlanders out of work; 32 years later, crab and shrimp have replaced cod and doubled the catch's value

Canada's 1992 cod fishery closure devastated Newfoundland's economy, displacing 30,000. While crab and shrimp filled the void, leading to stable industry revenue, the number of fishing ports, boats, and workers plummeted by over 70%. Despite cod's recent limited return, a full recovery remains unlikely due to ecological factors. This shift…

The Times of India

Warsh's gamble: A quieter Federal Reserve could mean volatile markets, higher rates

The Federal Reserve has for decades moved steadily from a remote, opaque government agency that shared little about what it did or why to a more transparent institution willing to explain how it makes decisions and what it thinks about the economy

The Independent UK

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AAP Rolling News Bulletin June 20, 2130

AAP Rolling News Bulletin for June 20 at 2130

AAP

China's domestic economy remains weak despite export boom, says Jefferies report

China's economy shows a worrying trend: while exports are booming, especially in semiconductors, domestic demand is faltering. Consumer spending dipped in May, confidence remains low, and the crucial property sector is still struggling. Credit growth has also decelerated, indicating a reliance on external markets rather than internal strength. However, a…

The Economic Times

The woman who turned cooking oil into soap in Gaza

INDEPENDENT ARABIA: Ezz Al Din Abu Eisha reports on how highly skilled women who have lost everything are at the forefront of Gaza’s new ‘resilience economy’

The Independent UK

Bolivian President Paz declares state of emergency over anti-government blockades

Bolivian President Rodrigo Paz declared a state of emergency on Saturday, granting broader powers to deploy the military and clear road blockades after nearly two months of protests have paralysed the economy and fuelled demands for his resignation.

France 24

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Data centers are stewing in their own pollution

A new study reveals a significant portion of planned data centers face high climate risks, potentially becoming uninsurable due to extreme weather. This poses a costly challenge as the global economy races to build these facilities for AI, despite their substantial environmental footprint.

The Economic Times

Nigerian migrants returning from South Africa face the same economic issues they left behind

Nigerians repatriated from South Africa following a series of anti-migrant marches and reported attacks on some foreign nationals are struggling to settle into a new life back home

The Independent UK

Iranian Guards' business empire to win big if US sanctions lifted

A potential deal to end the war between Washington and Tehran presents a paradox: sanctions relief could significantly empower Iran's Revolutionary Guards, a group designated as terrorist by the US and its allies. These elite forces have built a vast commercial empire and are poised to benefit immensely from renewed…

The Economic Times

Cuba pushes through sweeping free-market reforms in biggest economic shift since the revolution

Observers are calling Cuba's new free-market reforms the most sweeping economic overhaul on the island's communist economy since the Cuban revolution while the grandson of former President Raúl Castro says in an interview that Cuba must seek to move its economy forward

AAP

Cuba unveils historic package of free-market reforms

In a landmark speech to National Assembly, Prime Minister Manuel Marrero detailed 176 measures aimed at rolling back the state's role in the economy and attracting investment in everything from banking to tourism and agriculture. These huge changes come as the United States exerts strong pressure on Cuba aside from…

The Economic Times

Who needs an energy crisis? Builders do

For decades, Thailand built its economy on the assumption that energy would remain cheap, stable, and someone else's responsibility.

Bangkok Post

Unleash anime spirits: India must tap the fast-growing global animation market as part of its orange economy push

Anime's global appeal is skyrocketing, with international markets now driving over half of its revenue. This boom is fueled by streaming platforms and lucrative brand collaborations, transforming anime into a global IP powerhouse. While blockbuster movies and expanding international production signal immense growth, the industry grapples with underpaid workers and…

The Economic Times

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International Business Times

The Law Standing Between a Million Care-Economy Vacancies and the People Ready to Fill Them

If policymakers want a response to workforce shortages, economic mobility, and the labor disruptions already emerging from artificial intelligence, they should start by removing this outdated restriction.

Fortune

Miserable K-shaped economy might actually be fading, as lower-income families bounce back, says Bank of America

"If this narrowing of the K is sustained, one explanation could be job growth broadening into more blue-collar sectors such as leisure and hospitality, construction and manufacturing."

The Independent UK

UK banks asked to stress-test their systems against ‘plausible’ global recession

The scenario would see both inflation and interest rates climb to 7 per cent

The Economic Times

Forget chatbots, Ambani's Reliance wants to own India's entire AI economy

Reliance Industries is charting a unique AI strategy, aiming to democratise artificial intelligence in India by focusing on affordability and accessibility rather than solely on developing advanced models. The company is building a sovereign AI infrastructure and a suite of sector-specific AI platforms, mirroring its successful Jio telecom playbook to…

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The Independent UK

Poll shock for Trump as most Americans reject his handling of Iran

Approximately two-thirds, or 65%, of U.S. adults express disapproval of how Trump is managing issues with Iran

The Independent UK

Brexit cost revealed as UK economy took 6% hit, Bank of England data shows

The UK economy was growing strongly prior to the vote to leave the EU

International Business Times UK

Are Olivia Rodrigo's Fans Really Weird? The Diaper Trend Is Actually Bigger Than Pop Music

Olivia Rodrigo said diapered fans crowd her front row, but the same trend has hit Taylor Swift, BTS and Times Square. The real shock is a concert economy that won't fix it.

The Independent UK

Trump talks up economy and Hegseth at Medals of Honor ceremony

President boasts about stock market before handing out medals for ‘conspicuous gallantry and intrepidity at the risk of life above and beyond the call of duty’

AAP

What to know about Cuba's economic measures aimed at opening up the island's economy

Cuba's Communist Party has approved an emergency economic package featuring unprecedented free-market measures to open up the struggling island's economy

The Guardian - UK

Burnham brings in top economists before possible leadership run

Labour mayor giving advisory roles to ex-Bank of England economist and others seen as attempt to reassure markets

Euronews

Cuba's President Miguel Díaz-Canel admits 'urgent changes' needed to overcome crisis

The oil blockade imposed by President Donald Trump in January has brought the island's already moribund economy to the brink of collapse, marked by power cuts sometimes lasting over 30 hours.

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