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The Latest Breaking News from Economy

It's not a recession. But Goldman says your paycheck is acting like it

Real income growth has slowed to a pace "rarely seen outside of recession," Goldman Sachs warns — and Americans are only beginning to feel the squeeze.

Fortune

India’s domestic growth story still strong despite global headwinds: Rajeev Agrawal

Global markets face uncertainty. Rajeev Agrawal from DoorDarshi India Fund sees India's economy as resilient. He focuses on domestic businesses less affected by global shocks. Real estate, banking, and renewable energy are highlighted as attractive sectors. Foreign investment remains a challenge, but long-term optimism persists due to strong domestic demand…

The Economic Times

Despite what the UK right will tell you, appeasing bond markets has actually led to instability

Austerity has benefitted bond traders but impoverished UK society and led to the rise of populism. Is it right that we carry on adhering to their interests, asks Guardian columnist Andy Beckett

The Guardian - UK

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The week that was in international affairs: US-Iran deal hangs on nukes, Hormuz; Russia tests NATO

Welcome back to another edition of My Take 5, your weekly round-up of top international news. In this edition we are covering the US-Iran search for a deal to end their war, the Russian drone attack in Romania, growing India-Cyprus strategic ties, Armenia’s upcoming parliamentary elections, and Morocco emerging as…

The Times of India

Global Market Today: Asian stocks ease from record highs, oil steadies

Asian markets dipped from record highs as peace talks with Iran faltered. Oil prices remained elevated amid geopolitical tensions. US stock futures also saw a slight decline. Investors are closely watching upcoming economic data for clues on the US economy and Federal Reserve policy. The AI boom continues to drive…

The Economic Times

STT GDC highlights data centre energy concerns

ST Telemedia Global Data Centres (STT GDC) urged the government to secure sufficient electricity supply, explore the establishment of small modular reactors, and keep power prices competitive for the artificial intelligence (AI)-driven economy.

Bangkok Post

UK’s growing green economy worth more than £100bn a year, research finds

Net zero industry accounts for more than a million jobs and benefits whole country, according to CBI Economics

The Guardian - UK

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Authorities speed up work to help victims of scams

The Ministry of Digital Economy and Society (DES) said agencies are accelerating preparations for a new compensation mechanism for victims of online scams, with a ministerial regulation due to take effect on Aug 12.

Bangkok Post

The 2027 Social Security COLA Is Surging—But Seniors May Not Be Better Off

The 2027 Social Security COLA grabs attention because it signals a bigger boost in monthly benefits for millions of retirees. On paper, a higher COLA sounds like good news because it reflects rising wages and prices across the economy. Many seniors expect that increase to ease financial pressure, especially with…

The Free Financial Advisor

7 Financial Lessons Our Mothers Never Taught Us (But Our Daughters Desperately Need to Know)

Many of us grew up hearing well-meaning advice like “marry someone stable” or “save for a rainy day.” But today’s economy looks very different from the one our mothers navigated. Rising housing costs, student debt, longer lifespans, and career instability demand a new playbook. These financial lessons for women are…

Budget and the Bees

Iran seeks interim deal with US to ease economic strain while preserving nuclear leverage

Iran is pursuing a limited interim agreement with the United States. This move aims to alleviate mounting economic pressure and stabilize the domestic situation. The Islamic Republic seeks to avoid significant concessions on its nuclear program. This strategy allows Iran to buy time and unlock financial relief. It also helps…

The Economic Times

Room bursts into laughter as MAGA influencer flounders to name one way the economy has improved under Trump

Conservative pundit Dave Rubin branded ‘a complete imbecile’ after struggling to identify single positive from president’s second term on YouTube debate show Surrounded

The Independent UK

CEOs are losing confidence in the economy and expect conditions to worsen in the next six months, survey finds

CEO confidence fell 12 points this quarter as the economic impacts of the Iran War hit American businesses.

Fortune

Inflation Spreads Beyond the Pump: Core PCE Hits Fastest Pace Since 2021 as US Economy Slows

Inflation is impacting more than just gasoline prices, affecting housing, utilities, and more, with the Federal Reserve noting challenges on how energy costs ripple through the economy.

International Business Times UK

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The Conversation

Africa’s climate crisis is a legal crisis too: what are states’ duties under human rights law?

A landmark climate case is being heard by the African Court on Human and Peoples’ Rights. The request was brought by the Pan African Lawyers Union and other African civil society organisations. They’ve asked the court to issue advice on what responsibilities African governments have to protect their countries against…

The Economic Times

While Europe negotiated FTA, this startup was already hosting India's internet economy

A new trade deal between India and Europe opens doors for businesses. However, companies like Hostinger from Lithuania already found success in India by understanding local needs. They focused on affordable, user-friendly online tools. This shows that early localization and market understanding are key to winning in India, not just…

Salon

Inflation is spreading through economy

Fresh inflation data now suggests the challenge may be deeper and longer lasting than many expected

Euronews

China's factory activity flatlines in May casting doubt over the economy

China's manufacturing sector barely held its ground in May, with official data showing activity slipping to its weakest reading in three months as the fallout from the Iran war and entrenched domestic weakness raise fresh doubts about Beijing's growth ambitions.

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The Economic Times

'Trust, dignity, empowerment': PM Modi celebrates six years of PM SVANidhi scheme, empowers street vendors

Prime Minister Modi on X posted, "Today we mark #6YearsofPMSVANidhi, a scheme which has transformed the lives of countless street vendors by ensuring access to collateral-free credit, financial inclusion and new opportunities for growth. This scheme is all about trust, dignity and empowerment. My best wishes to all beneficiaries whose…

The Guardian - UK

The Common Good Economy by Mariana Mazzucato review – how can Labour really turn things around?

It’s not enough to wish for growth; economic success requires a sense of purpose, according to this academic

The Economic Times

GDP growth likely eased in January-March quarter on softer external demand

India's economic growth is projected to have eased to 7.2% in Q1 2026, as weaker external demand and industrial activity tempered strong government spending and agricultural resilience. While external shocks haven't derailed its fastest-growing major economy status, subdued private investment remains a concern. Services growth is expected to stay robust,…

The Economic Times

Global Market: Iran war sparks bond market turmoil as yields swing wildly in May

Global bond markets saw significant turbulence in May. Geopolitical tensions and inflation worries caused government borrowing costs to surge. The US Treasury market was particularly affected. However, signs of peace progress and weaker economic data later led to a bond market rally. This highlights investor sensitivity to inflation and government…

The Economic Times

South Korean shares hit record high on export surge, Nvidia optimism

South Korean stocks surged to record highs on Monday. Strong chip exports fueled the rally, boosted by hopes of AI collaborations with Nvidia. Major tech firms like Samsung Electronics saw significant gains. The won weakened against the dollar. Bond yields remained steady. This performance highlights the robust growth in South…

MyLifeXP

Why PM Modi Says Every Indian Mango Has A Unique Identity

As temperatures rise, one fruit quietly takes over homes, markets, and conversations across the country mangoes. For many Indians, summer does not truly begin until the first mango arrives on the table. But have you ever wondered why a mango from Maharashtra tastes completely different from one grown in Bihar…

The Economic Times

Shot of hike as painkiller: India’s economic storm calls for decisive MPC action

India's economy faces a perfect storm. The rupee is at historic lows, subsidies are soaring, and fiscal deficit risks are rising. Capital outflows are accelerating, and prices are climbing. The Monetary Policy Committee meets this week. Many expect rates to stay unchanged. However, rising inflation pressures may force a rate…

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