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The Latest Breaking News from Economy

Nvidia surpasses Germany: How the market caps of tech giants compare to top economies

Nvidia’s market capitalisation ($5.7 trillion) has overtaken Germany’s GDP ($5.45 trillion). The combined value of the five largest US companies now exceeds the total GDP of Europe’s five largest economies.

Euronews

CM Revanth Reddy slams PM Modi over petrol, diesel price hike, seeks immediate rollback

Telangana Chief Minister A Revanth Reddy has demanded the central government roll back the recent increase in petrol and diesel prices. He stated the hike is unjustifiable and will negatively impact various sectors. Reddy claimed the decision, made shortly after election results, betrays public trust. He also highlighted the weakening…

The Economic Times

How Jerome Powell navigated pandemic, inflation and Trump

The outgoing Federal Reserve chair guided the U.S. economy through extreme tumult.

Axios

From analysis to the latest developments in health,
read the most diverse news in one place.

Wealth of Britain’s 157 billionaires now equal to 22% of country’s GDP

This ‘ghost GDP’ shows how headline economic growth is increasingly disconnected from reality for most, says report

The Guardian - UK

From kitchen storage to recycling bins: How Deposit Refund Schemes can change India’s plastic economy

India is exploring Deposit Refund Schemes (DRS) to tackle plastic waste, where consumers pay a small deposit on packaged products, refunded upon return for recycling. This initiative aims to improve collection rates and boost the recycling system, though integration with the existing informal sector and consumer convenience are key challenges.

The Economic Times

The world has 10 five-star airlines – and none are European

Asian and Middle Eastern carriers have once again dominated Skytrax’s prestigious 5-star airline rankings, with no European airline earning a place among the world’s top-rated operators.

Euronews

India moves to buffer economy against Iran war fallout

India is taking urgent steps to protect its economy. Fuel prices have risen. Gold imports are restricted. Local government staff in Delhi are working from home to save fuel. Sugar exports are temporarily banned. These actions aim to conserve foreign exchange reserves amid global pressures. The nation faces challenges from…

The Economic Times

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Raspberry Pi founder warns replacing people with AI could ‘distort people's choices in ways that make that skill shortage worse and not better’

Raspberry Pi boss says AI technology could put young people off tech jobs and hurt the economy

TechRadar

Tencent bets on India’s creator economy with Rs 10 crore gaming and animation push

Tencent is investing significantly in India's creative industries. The company will fund skill development and training programs for animation, visual effects, gaming, and comics. This initiative aims to boost India's 'Orange Economy' and create jobs. Partnerships will focus on talent development and global collaboration. India plans to train millions in…

The Economic Times

After four bloody years, the war on Ukraine might be turning into Putin’s undoing

A battered economy, huge numbers of casualties and very little territorial gain – it’s no wonder even stalwart Putin supporters are showing signs of disquiet, says Rajan Menon, professor emeritus of international relations

The Guardian - UK

War worsens Lebanon's economic crisis with job losses, price gouging and slow business

The latest war between Israel and Hamas, and the closure of the Strait of Hormuz, have sent economic shock waves across the Mideast

The Independent UK

Vance Says White House Has 'A Lot Of Work To Do' After Trump's On Americans' Finances

Vice President JD Vance said the Trump administration has "a lot of work to do" on the economy after President Donald Trump faced backlash for saying Americans' financial struggles were not motivating his push for a deal with Iran.

International Business Times

Dollar Rallies on Signs of a Resilient US Economy

The dollar index (DXY00 ) on Thursday climbed to a 2-week high, finishing up by 0.29%. The dollar garnered support from Thursday's as-expected US April retail sales report, signaling signs of a resilient US economy. Also, signs of progress in US-China trade negotiations are supportive of the dollar after Reuters...

Barchart

Rachel Reeves is right – a leadership election will only damage Britain’s recovery

THE INDEPENDENT VIEW: Editorial: With new GDP figures showing unexpected growth, Labour’s restless frontbenchers should heed the chancellor’s warning that this is no time to put the economy at risk for the sake of political ambition

The Independent UK

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The Economic Times

China's credit growth slips below estimates

April marked a significant slowdown in China's credit growth, tumbling below projections. Banks curtailed the issuance of new loans, while households took decisive steps, repaying outstanding debts at unprecedented levels. This decline in borrowing signals a growing unease about future investments in the Chinese economy.

Reason

When Businesspeople Run Government, the Government Doesn't Become a Business

Central planning from Commerce Secretary Howard Lutnick, President Donald Trump, and others reflects a fundamental misunderstanding of what makes private markets work.

Barchart

Nvidia Stock Is the King of the AI Castle. History Tells Us It Will Fall Hard and Its Replacement Will Emerge From Thin Air.

Tech giants are pouring trillions into AI infrastructure, but is it actually growing the global economic pie?

The Guardian - US

Stephen Colbert on Trump tanking the US economy: ‘Experts call it the poop chute’

Late-night hosts discussed Trump’s trip to China with Elon Musk, Maga lies over the Iran war and manosphere trends

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The Independent UK

UK economy was on the right track – Trump’s Iran war has wrecked that

Domestic and overseas matters have combined to create a tough outlook for British businesses and consumers

International Business Times

U.S. Intelligence Concludes China Is Exploiting Iran War To Gain Edge Over Washington In a Range Of Fields: Report

A U.S. intelligence analysis concluded that China taking advantage of the war in Iran to gain an edge over the U.S. in a range of areas, including the military, the economy and the diplomatic field.

Euronews

Africa forward summit: Africa’s space race takes off {Business Africa}

At the Africa Forward Summit, SkyConnect is showing how Africa can turn idle ground stations into a shared network that cuts satellite data costs and delivers critical information faster and Mauritius’ “Brain Gain” Strategy: How a Tourism Island Is Turning African Brain Drain into a Talent Magnet.

The Conversation

How much is a bat worth? Protecting these tiny insect-eaters isn’t just good for farms – their deaths cost taxpayers and the wider economy

Most Americans tend to think about bats only around Halloween, but the U.S. economy benefits from these furry flying mammals every day.

The Conversation

Why a growing number of Trump supporters are experiencing voter’s remorse

In recent months, some prominent conservatives and erstwhile allies of President Donald Trump – former U.S. Rep. Marjorie Taylor Greene and journalist Megyn Kelly, for example – have voiced their displeasure with him on several issues. They range from Trump’s handling of the Iran war and the economy to the…

Latin Times

$5 Trillion Crisis: New Study Warns Diabetes Will Devastate Global Economy by 2050

A study warns diabetes may cost the global economy over $5 trillion by 2050, highlighting its impact on productivity and growth across 190 countries.

The Economic Times

Quote of the day by Lou Simpson: "Attempting to guess short-term swings in individual stocks, the stock market or the economy is not likely to produce consistently good results. Short-term developments are too unpredictable."

Legendary investor Lou Simpson emphasised that predicting short-term market swings is unlikely to yield consistent results due to inherent unpredictability. Focusing on long-term business fundamentals and patience allows for compounding wealth, rather than succumbing to emotional reactions driven by daily market noise. Successful investing involves managing uncertainty through discipline and…

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