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The Latest Breaking News from Economy

Gold pulled India back from the edge of crisis 35 years ago

Thirty-five years after India pledged 67 tonnes of gold to avert a balance of payments crisis, the episode remains one of the defining moments in the country's economic history. The emergency gold airlift bought crucial time for the landmark 1991 economic reforms that transformed India from a licence-permit economy into…

The Economic Times

At least 75 dead, 7 lakh displaced: The making of Assam’s annual ‘unprecedented’ flood

When it comes to floods in Assam, I refrain from using the term unprecedented. In media reporting on disasters, sensationalism often becomes the norm. The task is to generate curiosity. This is, of course, a structural limitation of event-based reporting. Assam’s floods, however, need a deeper contextual understanding.

Newslaundry

Trump’s economic victory lap hits a reality check from his own supporters

Many Americans believe tariffs have pushed prices higher and the war in Iran has also increased gasoline prices, hurting consumer confidence in the economy

The Independent UK

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Trump's dollar déjà vu: what an uncanny chart about the greenback shows about American exceptionalism

"It's the exact same pattern," LPL Financial's Adam Turnquist told Fortune. "Last week, I started refreshing data and here it is."

Fortune

Finance ministry calls for faster policy action to sustain growth amid global uncertainty

India's finance ministry stressed faster policy responses and stronger implementation for investment. The economy shows resilience despite global challenges and mounting uncertainties. Rising crude oil prices pose a risk to fiscal and current account balances. India must strengthen its long-term resilience and strategic leverage. Domestic fundamentals and policy support continue…

The Economic Times

Russia launches overnight ballistic missile attack on Ukraine, killing 13

Russia launched a ballistic missile attack on Kyiv, causing explosions and casualties. Ukraine's drone campaign targeted Russian logistics, damaging a major online retailer's warehouse. Poland scrambled fighter jets to protect its airspace during the missile strikes. President Zelenskyy appealed for more air defence missiles from allies. These attacks continue to…

The Times of India

Crisis-hit Cuba opens pharmacies, gas stations to private firms

HAVANA - Cuba moved to open crisis-ravaged parts of the state-run economy to private firms Wednesday, as the communist government struggles to ease acute shortages resulting from a US energy blockade.

Bangkok Post

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Inside China’s two-speed economy: Why goods consumption is slumping even as exports and services boom

From collapsing car sales to booming services and AI-linked manufacturing, China’s growth engines are pulling in sharply different directions.

Fortune

Dow Drops 1,153 Points as Oil Pops on Fed Day: Stock Market Today

Fed Chair Kevin Warsh reassured markets about a resilient economy, but geopolitical uncertainty remains the major factor for most interested parties right now.

Kiplinger

How the Hunter's industries have become its secret weapon against AI

The Hunter's advanced manufacturing sector will help the region withstand the worst effects of AI.

Newcastle Herald

California proposes narrowing Scope 3 emissions reporting

In this week’s edition of Economy and Society:

Ballotpedia

Russia's Largest Online Retailer Is Being Targeted By Ukrainian Drones Attack As Part Of Its New Strategy: Hitting Moscow's Economy

Wildberries, Russia's largest online retailer, has repeatedly seen its infrastructure hit, disrupting one of the country's most important business networks while forcing the Kremlin to consider financial support.

International Business Times

Wildfires near France’s Bordeaux spark fears of ‘economic apocalypse’ for wineries

Vast wildfires have ravaged an area four times the size of Paris, driving 220,000 people from their homes and impacting key tourist attractions

The Independent UK

Iran resumes missile attacks as US and Saudis strike Tehran-backed militias in Iraq

The flare-up on multiple fronts, after several days of relative calm, raised the risk of a return to all-out war. It also underscored the difficulty of winding down a five-month conflict that has jolted the world economy and is unpopular among Americans.

The Economic Times

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Roll Call

‘People just don’t see it’: Trump’s midterms messaging sounds a lot like Biden

ANALYSIS — President Donald Trump could be falling into some of the same messaging potholes as his predecessor, regularly telling voters to trust him on war and the economy ahead of November’s elections as he places big bets and pushes unproven predictions. As he repeatedly shrugs off voters’ concerns about…

Euronews

Ireland unveils blueprint to electrify economy by 2050

Dublin's plan takes into account a surge in electricity demand over the coming decades, driven by electric vehicles, industry and rapidly expanding data centres, which will place growing pressure on the national grid.

TechRadar

‘We are the reason that data centers get built and expanded’: It’s not about whether we need them, but it’s about where we build them, IDCA founder and CEO says

We are responsible for creating data center demand – we should accept some of the consequences. But hyperscalers have responsibilities, too.

The Economic Times

Higher crude oil prices could hit India's fiscal health, finance ministry says

India's finance ministry warns of rising crude oil prices impacting fiscal and trade balances. Persistent geopolitical tensions in West Asia present key risks to the nation's economy. The country's external sector remains resilient, supported by strong exports and services trade. Foreign exchange reserves stand at $675.2 billion, offering a significant…

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Kiplinger

Are Subscriptions Making Your Life Easier, or Are Your Bills Just Getting Bigger? How to Calculate the True Cost of Convenience

Subscription services promise convenience and predictable costs. But it's easy to lose track of how much you're really spending. Here's how to stay in control.

The Economic Times

Six in ten Indian companies believe AI to play a significant role: PWC

Indian manufacturers anticipate artificial intelligence significantly aiding strategic goals within five years. This optimism surpasses global counterparts regarding productivity and long-term growth potential. Automation adoption is led by data capture and analytics, followed by quality assurance. However, India lags in developing homegrown manufacturing capabilities and faces an MSME technology gap.…

The Economic Times

The key issues that will shape Israel's elections

When Israel goes to the polls this year, voters will weigh in on conscription, the economy and how the state should investigate its inability to prevent Hamas's October 7, 2023 attack. - Accountability for October 7 - Many Israelis have demanded an independent state commission of inquiry into the failures…

Benzinga

Bernie Sanders Says '60% of Our People Live Paycheck to Paycheck,' Pushes Back on Trump's 'Amazing Economy' Claim: 'God Help Us'

Sen. Bernie Sanders (I-Vt.) pushed back against President Donald Trump’s optimistic assessment of the U.S. economy, arguing that millions of Americans continue to struggle with rising living costs, inadequate health coverage and housing insecurity.

The Economic Times

Indian corporates to clock 9% aggregate revenue in FY27: Fitch

Fitch Ratings forecasts Indian corporate revenue to grow nine percent in the current fiscal year. This growth is expected to keep credit metrics for Indian companies stable. Geopolitical tensions and climate risks could impact oil prices and demand for certain sectors. Chemical companies may face higher costs and softer demand…

International Business Times UK

Trump's Midterm Outlook Darkens After Poll Finds GOP Voters Losing Confidence Over Economy

Recent polls suggest declining Republican support due to economic concerns, with some voters considering switching to Democrats or abstaining from voting in the upcoming US midterm elections.

The Economic Times

Indian economy shows recovery despite global uncertainties, private investment gains momentum: Report

Demonstrating remarkable resilience, India's economy witnesses a comprehensive recovery across sectors, coupled with an increase in industrial credit. Private sector investment is perking up, fueled by proactive government policies. Indicators reflect stable or improving growth trends in different economic domains. Nonetheless, macroeconomic uncertainty looms from external elements like oil prices…

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