The Latest Breaking News from Economy

This Texas basin was once dismissed as a ‘graveyard’. Now its oil economy supports 853,924 jobs and generates billions in economic activity across the US

A century ago, the Permian Basin was hardly the place anyone would have picked as an engine of the American economy. Early observers were so unimpressed by parts of the landscape that the region was dismissed as a “graveyard” according to WorldOil. Today, the same stretch of West Texas and…

The Times of India · Sep 1

Rahul Gandhi should apologise for spreading falsehood on Indian economy: BJP

The BJP has lauded Prime Minister Narendra Modi for achieving an impressive 7.8 percent GDP growth. Senior BJP figure Ravi Shankar Prasad attributed this success to the financial acumen of Finance Minister Nirmala Sitharaman. He also challenged Congress leader Rahul Gandhi to apologize for his negative economic assessments, asserting that…

The Economic Times · Sep 1

Germany eyes Algerian gas to diversify supply ahead of winter, FM Johann Wadephul says

The EU's top economy used to rely on cheap Russian gas but large deliveries stopped after Russia launched its full-scale invasion of Ukraine in 2022, dealing a heavy blow to German industry.

Euronews · Sep 1

India reopens Zambia talks to secure critical minerals: Report

India has resumed talks with Zambia to explore investment opportunities in critical minerals. Officials from India's Ministry of Mines held preliminary discussions with Zambian officials recently. India is also evaluating investment opportunities in several other countries for mineral supplies. The nation seeks raw materials to meet rising demand from its…

The Economic Times · Sep 1

British Families Could Face £2,400 War Blow as Trump Threatens Iran: 'We're Going To Hit Them Hard'

British families may lose £2,400 in real income by 2027 due to US-Iran tensions affecting energy prices, warns the Centre for Economics and Business Research.

International Business Times UK · Sep 1

Fed Chair Warsh sees global investment surge replacing savings glut

Fed Chair Kevin Warsh told G20 finance leaders that the global economy may be shifting from a savings glut toward an investment boom, driven partly by AI spending. Stronger investment and productivity could boost growth, but reduced Treasury demand, higher yields and potential inflation pressures may complicate monetary policy decisions.

The Economic Times · Sep 1

UK Unlocks £13 Trillion Trading Bloc as 99% of Goods Exports Become Eligible for Zero Tariffs

Canada has completed the final step in ratifying the UK's CPTPP membership, giving British businesses full preferential access to 11 Asia-Pacific and American markets and potentially adding £2 billion a year to the UK economy.

International Business Times UK · Sep 1

Uday Kotak sees GDP resilience, warns India not to lower guard

India's economy grew 7.8 percent in the April-June quarter, showing resilience. Veteran banker Uday Kotak noted ongoing geopolitical and economic risks. Unresolved Middle East tensions and AI advancements pose challenges. US bond yields are also creating market volatility for India. Despite these concerns, India has built foreign currency deposits for…

The Economic Times · Sep 1

India’s growth beat suggests economy on cusp of investment boom

India's economy grew at a brisk 7.8% pace in the recent quarter. Manufacturing, construction, and services sectors drove this strong economic expansion. Household demand also remained a consistent source of economic strength. Gross fixed capital formation reached an all-time high, indicating increased spending. Economists anticipate this investment momentum will continue…

The Economic Times · Sep 1

Indian Women Are Reclaiming Full Brows, But Threading Damage Made Some Changes Permanent

You Asked for Thinner. The Salon Obliged.You sat in the chair and said the same thing every Indian girl said in the 2000s: "Make them thin. Clean. Like an arch." The threading didi pulled the cotton thread taut and you winced and felt, briefly, like you were becoming the right…

Times Life · Sep 1