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The Latest Breaking News from Economy

New US Fed chair says he will be 'reform-oriented'

WASHINGTON - New US Federal Reserve Chair vowed to be "reform-oriented" as he was sworn in at the White House on Friday, with President Donald Trump insisting the central bank chief would be "totally independent."

Bangkok Post

Warsh is sworn in as the Fed chair after Trump's bid for greater control over the independent bank

President Donald Trump has overseen the White House swearing-in of the new Federal Reserve chair

AAP

US Fed chair Kevin Warsh says will be 'reform-oriented' at glitzy White House swearing-in

New US Federal Reserve chair Kevin Warsh vowed to be "reform-oriented" as he was sworn in at the White House on Friday, with President Donald Trump insisting the central bank chief would be "totally independent." It is unusual for the chief of the Fed -- an independent non-partisan body that…

The Economic Times

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Economists Increase Inflation Forecasts And Expect Delayed Rate Cuts: Survey

Economists are increasing their inflation forecasts and believe the Fed will take longer to cut interest rates given the current economic scenario, according to a new survey.

International Business Times

Kevin Warsh takes oath as US Federal Reserve chair

Kevin Warsh has taken the oath as the new US Federal Reserve chair. President Donald Trump stated his desire for Warsh to be fully independent. Trump urged the new chair to focus on letting the American economy boom. Warsh was advised to make decisions without external influence. This marks a…

The Economic Times

American Economic Confidence Hits Four-Year Low, Poll Finds

A new poll has found that Americans' confidence in the economy is now at a four-year low

International Business Times

Space ETFs booming in anticipation of SpaceX IPO

Space exchange-traded funds are seeing massive investor interest. New funds are launching rapidly, attracting billions in new investments. This boom is fueled by the upcoming SpaceX IPO and a broader belief in the growth of the space economy. Investors are eager to capitalize on this emerging sector. Several new ETFs…

The Economic Times

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US Secretary of State Rubio sees progress in Iran talks, but says 'not there yet'

United States officials report some progress in talks with Iran. Diplomatic efforts are intensifying to end a conflict that has disrupted the global economy. Key issues remain, including Iran's enriched uranium and control over the Strait of Hormuz. The situation fuels uncertainty and impacts oil prices. Negotiations continue with international…

The Economic Times

Kevin Warsh sworn in as Fed chair as Trump faces backlash over economy

Former Wall Street banker takes over amid growing concern over cost of living and disapproval of Trump’s agenda

The Guardian - US

Kevin Warsh takes over US Fed with a policy problem already in view

An unfolding boom in artificial intelligence technology is reshaping the economy in ways Fed officials say could be profound for workers, companies and consumers, but will be hard for Warsh and his colleagues to assess in real time. At the same moment inflation is already high and potentially heading higher…

The Economic Times

Oil spike, global debt, market stress: RBI flags mounting external shocks but lays out 5 areas where India remains resilient

The Reserve Bank of India warns of global economic dangers from oil prices, debt, and market stress. However, India shows strength in growth, inflation control, and its banking sector. The nation remains a fast-growing economy. Strong domestic demand and government spending support this. India's foreign reserves are healthy, and its…

The Economic Times

German business morale improves despite Iran war disruption to energy markets

German business confidence rose unexpectedly in May, breaking a run of declines linked to the Iran war and offering cautious optimism that Europe's largest economy is proving more resilient than initially feared.

Euronews

The $4.50 gas economy: Fewer nights out, more belt-tightening

As fuel prices continue to rise, many American families are feeling the financial crunch. With budgets tightening, people are cutting back on non-essential expenses and are on the lookout for free entertainment options. For numerous individuals, reducing driving simply isn't feasible due to job responsibilities and family needs.

The Economic Times

Warsh takes over Fed with a policy problem already in view

Kevin Warsh takes charge as the new Fed leader. He faces a critical juncture for the economy and monetary policy. Inflation is high and could rise further. Artificial intelligence is reshaping industries. Warsh must decide whether to raise interest rates to combat inflation. His actions will be closely watched by…

The Economic Times

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The Economic Times

Maharashtra's economy to surpass those of Singapore, UAE in 2 to 3 years: Devendra Fadnavis

Maharashtra's economy is set to outpace Singapore and the UAE within two to three years. Chief Minister Devendra Fadnavis highlighted rapid growth in innovation, artificial intelligence, and infrastructure as key drivers. The state is already the world's 30th largest economy and aims for a $1 trillion economy by 2030. Technology…

Euronews

EU green economy booms as solar energy grows at record pace. What's the most profitable sector?

EU countries doubled their green-economy output in less than 10 years. Will this continue despite some scaling back of green policies?

The Economic Times

Spain to introduce job-matching plan for migrants granted legal status

Spain is launching a program to grant legal status to approximately 500,000 undocumented workers, aiming to boost economic growth by matching migrants to jobs. The initiative seeks to integrate workers from the shadow economy into formal employment, addressing labor shortages and supporting the welfare state.

The Economic Times

More accurate data soon: Big missing link in India's economy dashboard finally gets set to go live

Come July, India will unveil its inaugural Index of Services Production to correctly assess the pulse of the country's critical services sector. By tracking short-term shifts in services output, this index aims to make the economy's readings better, in tow with the IIP.

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Euronews

EU economy chief certain the bloc will not return to Russian gas or oil as energy crisis bites

Exclusive: European Commissioner for the Economy Valdis Dombrovskis said Russia is milking the crisis in the Middle East for energy profits – and the EU will not ease on its sanction regime for cheaper oil or gas flows.

France 24

'Cold, pragmatic relationship': UAE-Israel ties driven by defence and technology

Nadia Massih is pleased to welcome Dr Andreas Krieg, Senior Lecturer at the School of Security Studies at King's College London and Fellow at the Institute of Middle Eastern Studies. According to Krieg, "Iran is fighting a war against the global economy." By targeting the UAE, and especially Dubai, Tehran…

The Economic Times

Beating the Heat: India’s data centre dream and the 50°C reality in its path

India's digital economy is expanding rapidly. However, extreme heat is straining its data centers. Rising temperatures increase cooling needs, leading to higher electricity and water consumption. This poses a challenge to India's trillion-dollar digital ambitions. Experts warn of increased operational costs and potential water scarcity. Future planning must integrate digital…

The Economic Times

India's job engine strains as Iran war hits remittances and trade

The Middle East conflict is impacting India's economy by forcing migrant workers home and reducing demand for manufactured exports. This double blow is leading to unemployment and potential social unrest, as returning workers struggle to find comparable wages in India. The situation is particularly visible in industrial hubs like Kanpur,…

AAP

AAP Rolling News Bulletin May 22, 1230

AAP Rolling News Bulletin for May 22 at 1230

AAP

AAP Rolling News Bulletin May 22, 1200

AAP Rolling News Bulletin for May 22 at 1200

AAP

AAP Rolling News Bulletin May 22, 1130

AAP Rolling News Bulletin for May 22 at 1130

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