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The Latest Breaking News from Economy

SpaceX stock is about to join this growing constellation of public companies building a space-based economy

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.

Fortune

US Treasury rout tests tolerance for higher loan costs

There is anxiety over petrol prices as well as where the bond market is headed, as the US economy is jolted by the impact of conflict with Iran.

AAP

Climate concerns 'on the retreat'

Environmental and climate concerns appear to be in retreat worldwide. The word sustainability has become politically charged, the Trump administration openly mocks corporate ESG (environmental, social, governance) criteria, and many companies are shelving their net-zero-emissions pledges.

Bangkok Post

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Zero tolerance for terror, de-risking global economy: Jaishankar lists India-US common ground as US marks 250 years of independence

India and the United States are strengthening their strategic partnership. External Affairs Minister S Jaishankar met with US Secretary of State Marco Rubio. Both nations share a commitment to fighting terrorism. They also aim to de-risk the global economy and offer more choices. Shared democratic and economic values underpin this…

The Economic Times

Centre pushed country into economic crisis: Akhilesh Yadav

The former Uttar Pradesh chief minister also attacked the Centre over rising prices of petrol and diesel and asked who was accountable for the state of the economy after 12 years in power, according to a Samajwadi Party (SP) statement.

The Economic Times

Traffic at Delhi Airport unaffected by Iran war, GMR bets on long-term aviation growth

Indira Gandhi International Airport anticipates strong future growth in Indian aviation. Operator GMR Airports remains bullish on the economy despite a short-term traffic dip from the Iran conflict. Infrastructure expansion is planned. New projects include an automated people mover system. Cargo expansion is also underway. Competition from Noida International Airport…

The Economic Times

India can’t escape global oil shock; fuel prices hurting economy, says former BPCL exec

India's economy is significantly impacted by the global oil shock, with crude prices surging by nearly 60%. Former BPCL Marketing Director Sukhmal Kumar Jain highlighted rising import costs and rupee depreciation as major concerns. He emphasized that the nation's heavy reliance on imports for oil and other key commodities exacerbates…

The Economic Times

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BofA says you'll be 10x more productive with AI. Ignore the 0.1% result so far

The bank sees a productivity boom and an implementation gap. Here's the argument for why it will close — and why the bubble may pop before that.

Fortune

A college degree once ensured prosperity – but gen Z is finding ‘just not much out there’

Survey after survey show gen Z experiencing deep economic instability, plus eroding trust in US leadership and weakened social connections

The Guardian - US

Shrinking snowfall is forcing a famous ski town to try and diversify beyond winter tourism

The loss of snow is driven primarily by rising temperatures linked to greenhouse gas emissions

The Independent UK

I drove the Toyota Grand Highlander and Honda Pilot for a week — here’s the 3-row SUV I'd spend my money on

I tested the Toyota Grand Highlander and Honda Pilot for a week to see which $50,000+ 3-row mid-size SUV reigns supreme in a head-to-head comparison.

Tom’s Guide

Scottish Government will be ‘bold, innovative and ambitious’ on industry – Flynn

The new Cabinet Secretary for Economy has met former workers of the Grangemouth refinery and Mossmorran ethylene plan.

Evening Standard

‘There is profound disappointment in him’: mood in Russia turns against Putin

Increasingly isolated president is determined to press on with Ukraine war, say well-placed sources, despite ailing economy

The Guardian - UK

Charting the Global Economy: Factory activity sags on inflation

Global economic activity is slowing, with manufacturing contracting in many regions due to persistent inflation and the ongoing energy crunch. Bond yields have surged to a two-decade high. While the UK saw inflation ease, other nations grapple with rising prices and currency pressures, impacting consumers and businesses worldwide.

The Economic Times

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The Conversation

Iran war is exposing South Africa’s dependency on diesel: what went wrong

It is forgivable to think that an oil shock mainly hurts at the petrol pump. After all, that is where households feel it first. But when my colleagues and I at the Bureau for Economic Research started digging through South Africa’s fuel data, a different story emerged – one that…

The Independent UK

Keir Starmer defiant as Labour leadership challenge mounts from rivals: ‘Our plan is working’

Starmer highlights the UK’s growing economy, migration numbers falling and low NHS waiting times as he faces pressure over leadership

The Economic Times

Quote of the day by Jensen Huang: 'It's very clear that AI is going to impact every industry. I think that every nation needs to...' - lessons on artificial intelligence, technology, global economy and how AI will transform every country by Nvidia CEO and GPU inventor

Quote of the day by Jensen Huang: Jensen Huang stresses AI's transformative power, urging nations to prioritize it in their strategies. He likens AI's impact to electricity and the internet, affecting every industry from healthcare to finance. Countries investing in AI research and infrastructure will likely lead global innovation and…

Barchart

We’re Not in a Bubble. Wall Street Just Hasn’t Caught Up With the New ‘Physics’ of the Stock Market.

Traditional signals about the overheating of the U.S. stock market are ceasing to work in the age of digital transformation.

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The Economic Times

Jammu and Kashmir govt imposes spending curbs, restricts official events

Jammu and Kashmir government has implemented stringent expenditure-control measures to ensure fiscal discipline. Restrictions are now in place for official functions, foreign travel, vehicle purchases, and hiring of office spaces. The directive emphasizes utmost economy, discouraging non-essential travel and promoting virtual alternatives for events.

The Economic Times

Despite Trump's pressure, Cuba may not turn out like Venezuela

The U.S. is increasing pressure on Cuba, but unlike Venezuela, the island nation lacks a clear opposition leader or succession plan. Cuba's cohesive and ideologically entrenched government, coupled with U.S. legal constraints and its state-run economy, present significant challenges to regime change efforts.

The Times of India

World’s most powerful economies by 2030: Prediction reveals future global leaders

Economic rankings rarely stay still for long. A country can spend decades climbing steadily through manufacturing, technology and trade, only to slow once population growth weakens or industries begin shifting elsewhere. By the end of this decade, the global balance is expected to look noticeably different from the one that…

Fortune

My startup hit $200 million ARR. But first I walked away from 2.5 million YouTube subscribers and nearly went bankrupt

Fanvue CEO Joel Morris built one of the creator economy's fastest-growing platforms — after giving up a teenage YouTube fortune and sweating through a Spanish villa with days of runway left. Here's what the middle looked like.

The Economic Times

Oil prices settle higher on slow progress in US-Iran peace talks

Oil prices saw a volatile week as hopes for a U.S.-Iran peace deal, which would normalize shipping through the Strait of Hormuz, fluctuated. Despite some positive signals from U.S. officials and Pakistani facilitation, significant gaps remain, particularly on uranium stockpiles. Global oil inventories are depleting rapidly due to the disruption,…

The Economic Times

Wars, Oil and Wealth: The world adapts faster than we think, lessons for equity investors

India today is a more than four-trillion-dollar economy with stronger external reserves, wider energy relationships, greater diplomatic reach and a far more diversified economic structure than in earlier decades. Higher oil prices may affect inflation, current account balances and near-term sentiment, but they are unlikely to derail the broader growth…

The Independent UK

A mere 16% of Americans give high marks to the economy in what could be Trump’s undoing in midterms

High gas prices and rising inflation could spell disaster for Republicans in the midterms

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