The Latest Breaking News from Economy

UK economy beats expectations in July with 0.4% growth

Britain's economy grew by a stronger than expected 0.4 percent in July. This performance extended the strong showing seen in the first half of the year. Services sector strength offset falls in production and construction, with AI aiding software development. The economy expanded by one percent in the first half…

The Economic Times · Sep 11

UK economy unexpectedly grows 0.4% in July in boost for Burnham

It marks a surprise uplift after economists were expecting the economy to show zero growth for the month

The Independent UK · Sep 11

UK economy unexpectedly grew by 0.4% in July

GDP increased by 0.4% in July, up from 0.3% in June, the Office for National Statistics said.

Evening Standard · Sep 11

BRICS businesses eye India as investment hub, see opportunities in engineering, technology

BRICS business leaders view India as a significant investment destination for growth. South African and Russian executives highlighted India's economic potential and partnership opportunities. They emphasized collaboration in engineering, technology, and trade between nations. Increased information exchange is needed for entrepreneurs to identify growth sectors. The BRICS Summit in India…

The Economic Times · Sep 11

Apple's surprise price twist for old iPhone models exposes smartphone price pain

In the wake of the iPhone 18's debut, Apple has made notable price hikes on its older iPhone models in India. This decision is largely influenced by the increasing costs of memory chips, driven by the growing demand from AI data centers. Once seen as budget-friendly options post-launch, entry-level models…

The Economic Times · Sep 11

Anthropic says AI could bring both 15% growth and mass unemployment by 2030

Anthropic has published an economic model projecting how AI might reshape the US economy by 2030, and its three scenarios range from barely perceptible to a boom with no historical precedent, including one in which GDP grows 15% a year while nearly a fifth of office workers are out of…

Euronews · Sep 11

At Dallas convention, Texas Republicans claim credit for tax cuts, blame Democrats for high prices

With high costs top of mind, GOP candidates in competitive races tested a tightrope act: Trump’s policies are helping, but Biden is still the culprit for your gas and grocery bills.

The Texas Tribune · Sep 11

Yes, it’s the economy, stupid. But One Nation is outflanking the government on messaging, too

Labor is no doubt dreading the likelihood of further interest rate rises, despite Treasurer Jim Chalmers talking up the economy.

The Conversation · Sep 11

How western consumption becomes the Global South’s environmental nightmare

Industrialized countries send millions of metric tonnes of used clothing, electronic equipment and other products to the Global South, and with them, the environmental and health costs tied to producing, consuming and disposing of those goods.

The Conversation · Sep 10

Islamic economics has questioned endless growth for centuries. What can it teach us today?

As climate change and widening inequality intensify, economists are increasingly questioning whether endless economic growth is compatible with a healthy society and a finite planet.

The Conversation · Sep 10