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The Latest Breaking News from Economy

UK economy shrinks for first time in eight months – here’s why

IN FULL

The Independent UK

UK economy shrank by 0.1% in April following impact of Iran war

Rachel Reeves acknowledged that the war in the Middle East was hitting the economy

The Independent UK

UK economy contracts for first time since last August

The ONS said gross domestic product declined by 0.1% in April in a sharp pull back from growth of 0.3% in March and 0.4% in February.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

UK economy shrank by 0.1% in April as Iran war held back growth

GDP hit by higher energy prices caused by Middle East conflict, after 0.3% rise in March

The Guardian - UK

Four Indians feature in Forbes’ top 50 most successful immigrants in America

Four Indian-born business leaders, including Vinod Khosla and Naval Ravikant, have been recognized in Forbes' "America's Most Successful Immigrants" list. These entrepreneurs and investors have significantly contributed to the US technology and business sectors, with Khosla ranking highest at No. 14. Their inclusion highlights the vital role of Indian talent…

The Economic Times

India must expand international trade ties to reach $30 trillion economy vision by 2047: Piyush Goyal

Union Minister Piyush Goyal stated that India must expand international engagement to achieve its USD 30 trillion economy goal by 2047. He highlighted that developed nations' demographic challenges present opportunities for India's skilled workforce and that strategic partnerships will complement, not compete with, Indian industry.

The Economic Times

Chaichanok to face grilling

The opposition will join the House legal affairs committee next week to summon Digital Economy and Society Minister Chaichanok Chidchob to explain the controversial 1.6-billion-baht TH-AI Passport project, warning that it will seek an anti-graft investigation if the scheme proceeds.

Bangkok Post

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Argentina's inflation slows to 8-month low in a boost for President Milei

Economic data has shown Argentina’s inflation slowing for the second straight month in May

The Independent UK

Reframing the Congo Through Film: Infrastructure, Narrative Power, and Cultural Production at Scale

Congo has been consistently defined in international discourse through instability and crisis framing, while its cultural and creative economy remains underrepresented and underdeveloped in global media systems.

International Business Times

The high cost of undiagnosed and untreated ADHD: Unequal mental-health access and the care economy

Attention deficit hyperactivity disorder (ADHD) is a common neurodevelopmental disorder that can persist from childhood into older adulthood. It impacts individuals from all ethnic groups and socioeconomic backgrounds.

The Conversation

Ministry backs down in B1.6bn AI controversy

The Digital Economy and Society (DES) Ministry says it plans to negotiate with the TH-AI Passport project provider to adjust contract details regarding the pay-per-use concept, in an effort to tamp down public criticism and ensure optimal benefits.

Bangkok Post

'Bad to worse': productivity sinks to post-pandemic low

Poor productivity is bedevilling the Australian economy, with levels heading in the wrong direction for Treasurer Jim Chalmers.

AAP

India protecting industry from unfair trade practices of certain countries: Piyush Goyal

India is committed to dialogue and cooperation to address global trade challenges. Commerce and Industry Minister Piyush Goyal stated that countries, including India, protect their domestic industries. India is working to safeguard its economy from unfair trade practices. The nation is also focused on promoting innovation and research, with ongoing…

The Economic Times

Why Google is investing millions in electricians, welders and pipefitters in the age of AI

Google is investing $50 million through Google.org to train over 300,000 American workers for skilled trades like electrical work and welding. This initiative aims to address the growing demand for physical infrastructure to support AI and cloud computing, highlighting the critical role of tradespeople in the digital economy.

The Economic Times

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The Economic Times

India to remain fastest-growing major economy at 6.6 pc in FY27, down from 7.2 last year: World Bank

India will remain the world's fastest-growing major economy. Growth is projected to slow to 6.6 percent in fiscal year 2026-27. This moderation is due to higher energy prices and input costs. However, the economy is expected to rebound to 7.2 percent growth in fiscal 2027-28. Domestic demand remains robust, supporting…

The Guardian - AU

Labor MPs have been handed new talking points – revealing a growing concern about One Nation

Labor and its trade union allies have shifted the focus of their rhetorical attacks, targeting Pauline Hanson as if she is the real opposition leader

The Economic Times

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 Independent UK

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

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The Economic Times

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 Independent UK

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

Fortune

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.

inkl

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.

Euronews

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.

Evening Standard

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.

The Guardian - UK

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

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