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The Latest Breaking News from Economy

Breaking 3 publishers covering this story in the last 6 hours

2h ago France slips into contraction as Europe’s growth slows: How bad could it get?
2h ago US midterm elections 2026: Why its a do-or-die fight for Trump & the Democracts - explained in 10 charts
4h ago Oil hits five-month high as global stocks wobble on AI fears; retail sales in Great Britain fall as shoppers cut back - business live

China’s economy showing signs that slowdown may be extending

Industrial output and retail sales slump in July after one of the country’s weakest quarterly growth rates ever

The Guardian - UK · Aug 17

Britain's Reform UK party pledges to strip all foreign nationals of benefits, including EU citizens

"The welfare state is there for Britain. No British citizenship, no entitlement," Robert Jenrick, Reform's economics spokesperson, said on Monday.

Euronews · Aug 17

Ukraine takes aim at Russia's economy and morale by attacking online retailer

For over a month, Ukrainian drones have been relentlessly striking warehouses belonging to Russian online retailer Wildberries. This offensive has led to immense destruction worth billions in merchandise and has severely affected supply chains. The primary goal is to frustrate military logistics while exerting economic strain on Russia, leaving countless…

The Economic Times · Aug 17

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The AI Rally Will 'Likely' Lead To a Market Correction, An ECB Post Warns

The central bank blog post claimed that a correction can be expected "even if current valuations are rational."

International Business Times · Aug 17

Russia's Economy Is Facing Increasing Pressure. Analysts Worry Putin Might Escalate Before The Money Runs Out.

Analysts worry that the Russian economy's overall shakiness might lead Russia to take aggressive action in a desperate attempt to end the war as soon as possible.

International Business Times · Aug 17

Jim Jordan Defends Trump’s Economy but Admits Costs Are ‘Tough’ for Middle-Class Families

Rep. Jim Jordan (R-Ohio) said the U.S. economy is moving in a "pretty good direction," while acknowledging that higher costs remain difficult for middle-class and working-class families.

Benzinga · Aug 17

Senior Russian banker fired after scathing speech on wartime economy

Andrei Klepach of VEB said Russia’s economy was falling behind China, US and ‘in some respects Ukraine’

The Guardian - UK · Aug 17

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Texas cities eye property tax hikes, spending cuts amid yawning budget gaps

Rising costs, slowing tax revenue and a sluggish economy have saddled some of Texas’ biggest cities with multimillion-dollar deficits.

The Texas Tribune · Aug 17

Top Economist Warns Trump’s Immigration Policies Are Hurting American Workers: ‘Only Reason Economy Isn’t in Complete Shambles Is...’

Mark Zandi, chief economist at Moody’s, attributes President Donald Trump‘s immigration policies to a high unemployment rate among American workers. He also blamed the administration for other supply-side policy shocks.

Benzinga · Aug 17

From kirana to currency: Small towns are scrambling for dollars

Small towns now lead India's foreign exchange demand, surpassing major cities. This shift indicates rising prosperity and global lifestyle choices among their residents. Consumers from these areas are increasingly spending on international travel and education. This trend reflects a significant evolution in India's domestic consumption patterns. The financialization and digital…

The Economic Times · Aug 17

Japan's 10-year bond yield hits a 30-year high as growth data disappoints

Japan's 10-year government bond yield climbed to its highest level since 1996 on Monday as fresh data showed the world's fourth-largest economy grew far more slowly than expected in the second quarter.

Euronews · Aug 17

Sania Mirza joins Terra-Invest to Co-Lead future health and sports investments

Sania Mirza has joined Terra-Invest as a co-leader for key investment areas. She will focus on longevity, preventative health, and the sports economy. Mirza brings an operator's perspective to the firm's existing portfolio. Her expertise stems from a decorated two-decade tennis career and entrepreneurial ventures. Terra-Invest believes health and sport…

The Economic Times · Aug 17

AI’s trillion dollar token reckoning

We've now entered AI 2.0, where inference economics, data gravity, and control decide outcomes.

TechRadar · Aug 17

India’s next online grocery goldmine lies beyond the traditional routes

The shift in India’s e-commerce market is revealing a growing focus on value-oriented buyers from smaller towns. These consumers favor cost-effectiveness and variety over quick shipping. The expanding Bharat household segment is poised to drive remarkable growth in online grocery sales by 2030, pointing to exciting possibilities for e-commerce ventures…

The Economic Times · Aug 17

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The Economic Times · Aug 17

NITI Aayog proposes regulatory reforms to boost India's professional services exports

Regulatory reforms can unlock India's professional services export potential, according to NITI Aayog. Professional services are a key part of India's growing services economy. The report identified diverse and sector-specific regulatory frameworks as barriers. A four-pronged strategy and sector-specific reforms are proposed to address these issues. These measures could enhance…

The Economic Times · Aug 17

Global Market: China, Hong Kong stocks rise as chipmakers rally on strong earnings

Chinese and Hong Kong equities advanced, led by technology and semiconductor stocks following strong corporate earnings, while consumer and liquor stocks weakened. Investors remained focused on key economic data for clues on domestic demand and the broader health of China’s economy.

The Independent UK · Aug 17

Asian shares are mostly higher while US futures and oil prices hold steady

Shares are mostly higher in Asia after U.S. stocks edged back from their all-time high following a weaker than expected report on the U.S. economy

Radio France Internationale · Aug 17

Devastated by wildfire, the village of Le Porge pins hopes for support on PM visit

Prime Minister Sébastien Lecornu will visit the Gironde department in southwestern France on Monday to launch reconstruction efforts, after the area fell victim to the most destructive wildfires seen in 70 years. The mayor of Le Porge – one of the villages worst affected – told RFI he's hoping for…

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The Independent UK · Aug 17

Ukraine takes aim at Russia’s economy and morale by attacking online retailer

Day after day over recent weeks, Ukrainian drones have pummeled giant depots belonging to Wildberries, the country’s biggest online retailer, burning estimated billions of dollars’ worth of merchandise and bringing the war home to the broad public

The Independent UK · Aug 17

Japan's economy manages 1.1% growth rate despite headwinds

Japan’s economy grew an annualized rate of 1.1% in the April-June quarter, even as private consumption stayed flat and the growth of exports declined

Times Life · Aug 17

What Raw Mango Is Really Saying to Indian Women About Clothing, Restraint and Good Taste

The Quiet That Costs SomethingA Raw Mango sari does not announce itself. That is the point. The weave is dense, the colour sits in the fabric rather than on it, and the border, if there is one, earns its place. You have seen it at literary festivals, at gallery openings,…

International Business Times UK · Aug 16

Baby Boomers' Shopping Habits Cost the US Economy 1.2% of GDP, New Study Reveals

A study by Sveriges Riksbank reveals that middle-aged consumers' shopping habits, driven by baby boomers, weakened competition, reducing US real GDP by up to 1.2% at its peak.

The Guardian - UK · Aug 16

The Guardian view on London’s social housing: pumping billions into the economy every year

Editorial: The provision of homes needs to be thought of as a service, not a commodity to be traded. It is vital economic infrastructure, so let’s make it affordable for all

The Economic Times · Aug 16

India to host BRICS Environment Working Group meetings on August 17-18

India will host the 12th BRICS Environment Ministers Meeting in New Delhi on August 18. Senior officers will meet on August 17 to discuss environmental working group priorities. Ministers will deliberate on an outcome document and thematic discussions for cooperation. Priority areas include sustainable lifestyles, afforestation, and disaster resilience. The…

The Economic Times · Aug 16

Iran economy begins to recover after war as business activity picks up

Iran's economy shows signs of recovery from recent war impacts. Economic activity is gradually resuming, according to the Iran Chamber of Commerce. Purchasing Managers' Index reports indicate relative improvement in economic conditions. Private sector efforts and government engagement are contributing to this positive trend.

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