The Latest Breaking News from Economy

Economic growth data next milestone for Reserve Bank

GDP figures will headline the week in economic data, while central banks in Canada and New Zealand will meet to set interest rates.

AAP · Aug 30

New U.S. sanctions will hit ordinary Iranians hard. That may be the whole point as the crashing economy stirs fresh protests

"Digital assets and gold are how ordinary Iranians protect their savings from inflation."

Fortune · Aug 29

War weighs on Iran's economy as US intensifies sanctions

Iranian leaders admit economic hardship from war and sanctions, while vowing to resist US pressure. President Pezeshkian stated foreign trade has shrunk by one-third due to sanctions and blockades. Supreme Leader Khamenei urged addressing inflation and job creation challenges. Iran signals no retreat, pursuing diplomacy and maintaining control over the…

The Economic Times · Aug 29

Nepal's flood damage may cost up to a tenth of economy to rebuild

Nepal requires an estimated four to five billion dollars for flood reconstruction. This bill is nearly a tenth of the nation's entire economy. A glacier collapse unleashed torrents, killing over six hundred people and leaving thousands missing. The floods destroyed towns, bridges, roads, and damaged hydropower stations. This disaster significantly…

The Economic Times · Aug 29

Global Markets | European shares rise as French stocks rebound; markets digest Warsh speech

European stock markets experienced a slight uptick this week, buoyed by a notable recovery in French equities. Investors keenly scrutinized remarks from Federal Reserve Chair Kevin Warsh for insights into future monetary policies. With a downward revision in French GDP growth, concerns loom over the economy, prompting traders to adjust…

The Economic Times · Aug 29

5 Financial Habits of Indian Joint Families That Are Quietly Brilliant and Completely Underappreciated

1. Pooling Income Before Anyone Gets to Spend ItThe joint family's oldest financial move is also its most radical: money comes in, goes into a common pool, and gets allocated from there. Individual earners don't decide unilaterally what to do with their salary. The family treasurer, usually the eldest woman…

Times Life · Aug 29

The Strait of Hormuz crisis threatened Asia's oil and gas lifeline. Here's how the region is rewriting its energy playbook

“Notwithstanding the rise of alternative and green technologies over the past decade, the global economy is still very reliant on oil and gas."

Fortune · Aug 29

Capybaras vs Plants Finally Added Trading — Did Roblox's Weirdest Tower Defense Game Just Get Better?

Capybaras VS Plants added player-to-player trading on August 22, turning its hatch-and-collect loop into a real economy. We look at whether trading gives this Roblox tower defense game the long-term hook it needed.

Player One · Aug 28

AI and robotics ‘critical’ for faster growth in UK economy, says Bank boss

Andrew Bailey also said he felt that so-called second-round effects of inflation in the UK were ‘quite subdued’.

Evening Standard · Aug 28

Britain is still counting the cost – and paying the price – of Brexit

THE INDEPENDENT VIEW: Editorial: As a new report reveals how rejoining the EU would give the UK economy an £11.7bn boost, it is time to admit the 2016 referendum was a mistake – and to work at pace on a way back into Europe

The Independent UK · Aug 28