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The Latest Breaking News from Economy

Miserable K-shaped economy might actually be fading, as lower-income families bounce back, says Bank of America

"If this narrowing of the K is sustained, one explanation could be job growth broadening into more blue-collar sectors such as leisure and hospitality, construction and manufacturing."

Fortune

UK banks asked to stress-test their systems against ‘plausible’ global recession

The scenario would see both inflation and interest rates climb to 7 per cent

The Independent UK

Forget chatbots, Ambani's Reliance wants to own India's entire AI economy

Reliance Industries is charting a unique AI strategy, aiming to democratise artificial intelligence in India by focusing on affordability and accessibility rather than solely on developing advanced models. The company is building a sovereign AI infrastructure and a suite of sector-specific AI platforms, mirroring its successful Jio telecom playbook to…

The Economic Times

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Poll shock for Trump as most Americans reject his handling of Iran

Approximately two-thirds, or 65%, of U.S. adults express disapproval of how Trump is managing issues with Iran

The Independent UK

Brexit cost revealed as UK economy took 6% hit, Bank of England data shows

The UK economy was growing strongly prior to the vote to leave the EU

The Independent UK

Are Olivia Rodrigo's Fans Really Weird? The Diaper Trend Is Actually Bigger Than Pop Music

Olivia Rodrigo said diapered fans crowd her front row, but the same trend has hit Taylor Swift, BTS and Times Square. The real shock is a concert economy that won't fix it.

International Business Times UK

Trump talks up economy and Hegseth at Medals of Honor ceremony

President boasts about stock market before handing out medals for ‘conspicuous gallantry and intrepidity at the risk of life above and beyond the call of duty’

The Independent UK

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What to know about Cuba's economic measures aimed at opening up the island's economy

Cuba's Communist Party has approved an emergency economic package featuring unprecedented free-market measures to open up the struggling island's economy

AAP

Burnham brings in top economists before possible leadership run

Labour mayor giving advisory roles to ex-Bank of England economist and others seen as attempt to reassure markets

The Guardian - UK

Cuba's President Miguel Díaz-Canel admits 'urgent changes' needed to overcome crisis

The oil blockade imposed by President Donald Trump in January has brought the island's already moribund economy to the brink of collapse, marked by power cuts sometimes lasting over 30 hours.

Euronews

Karo Sambhav raises Rs 56 crore from Rainmatter to expand critical mineral recovery from e-waste

Karo Sambhav, a circular economy startup, secured Rs 56 crore from Rainmatter. This funding will boost their infrastructure for recovering critical minerals and valuable materials from electronic waste. The company aims to scale its recycling operations, focusing on extracting precious and high-value components from end-of-life products. This move supports India's…

The Economic Times

Donald Trump’s popularity is at an all-time low. History says that matters

In his first term of office Donald Trump achieved the lowest average job approval ratings (41%) among Americans since the end of the second world war. In his second term he has fallen well below that with an approval rating of only 35% in a recent Economist/YouGov poll.

The Conversation

GenAI can add $14-17 billion to India's real estate economy: Report

Consultancy firm EY-Parthenon and realtors' apex body CREDAI, in its report 'GenAI in Indian real estate - Scaling the next frontier of innovation' released on Thursday, stated that the adoption of GenAI could increase sales velocity by 30-50 per cent and reduce project costs.

The Economic Times

Cuban economy needs 'urgent changes' to overcome crisis: president

HAVANA - Cuba's economy needs "urgent changes" to overcome a major crisis intensified by a US oil blockade, President Miguel Diaz-Canel said in a speech to Communist Party leaders broadcast on Thursday.

Bangkok Post

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The Independent UK

Brexit has cut trade in almost every sector of the UK economy, study warns

Much of the economic cost stems from UK’s departure from the single market – suggesting recent calls for a new customs union with the EU would have little impact

The Independent UK

How the US is still channeling billions of dollars into climate projects despite Trump

IN FOCUS: Investments analysed by The Independent show how climate action – whether in renewables that are cheaper than fossil fuels, or in weather-proofing new infrastructure projects – is now ‘built-in’ to the global economy, regardless of any leader’s political agenda. Nick Ferris reports

International Business Times UK

Trump's 'Oligarchic Friends' Gain $210B In a Day: Bernie Sanders Says the Economy Is 'Insanely Rigged'

Senator Bernie Sanders criticises the wealth surge of tech billionaires, highlighting economic struggles faced by American families amid inflation and poverty.

Bangkok Post

Top civil servant defends TH-AI Passport project

The Ministry of Digital Economy and Society has strongly defended the controversial TH-AI Passport project, rejecting allegations of procurement irregularities, bid-rigging and political favouritism.

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AAP

Bank of England holds main interest rate at 3.75% as Iran war inflation pressures ease

The Bank of England is holding its main interest rate at 3.7% as the inflation pressures on the British economy have become more benign after the U.S. and Iran signed a deal to sign deal to end their war

The Independent UK

Bank of England holds main interest rate at 3.75% as inflation pressures eases

The Guardian - UK

Bank of England governor warns UK public to expect higher costs this year

Andrew Bailey says ‘inflationary pressure in pipeline’ despite US and Iran signing initial peace deal as interest rates kept on hold

The Guardian - US

Americans are spending $800 just to cool their homes. We are at a breaking point

While the stock market booms for the rich, cost of living is soaring for everyone else

The Independent UK

Qantas plans a 22-hour London-Sydney nonstop flight, set for October next year

Qantas Airways plans to launch the world’s longest direct flight next year, a service of up to 22 hours nonstop between London and Sydney

The Guardian - US

Gig workers are endlessly exploited. AI could make more of us share their fate

As companies integrate AI and hire fewer employees, a shift toward a ‘gig economy’ will commence

The Guardian - UK

Bank of England leaves interest rates on hold and lowers inflation forecast amid Middle East ‘uncertainty’ – as it happened

Rolling coverage of the latest economic and financial news, including the latest UK jobs report and the Bank of England’s interest rate decision

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