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The Latest Breaking News from Economy

Hajj travel becomes costlier for pilgrims as Iran-US war disrupts Gulf air routes

Pilgrims heading to Saudi Arabia for Hajj face higher travel costs. Airfares and packages have risen significantly due to increased fuel prices and air traffic disruptions. This impacts millions preparing for the religious obligation. Saudi Arabia's economy relies on religious tourism, with ongoing investments to enhance the pilgrim experience.

The Economic Times

A broken economy and an emboldened regime: Iranians abandoned to endure fallout from war

Some Iranians hoped foreign intervention would unseat the regime but instead the US-Israel war has damaged livelihoods and strengthened those in power

The Guardian - UK

Rupee depreciation: What are the implications for commodities and Indian economy?

The Indian rupee experienced a sharp decline in 2026, nearing Rs. 97 against the US dollar before a slight recovery. This depreciation, driven by import reliance, trade deficits, and global tensions, has significantly impacted commodity prices, pushing inflation higher. While the RBI intervenes, the rupee faces a mild depreciating bias.

The Economic Times

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Russian spies are going after Western technology – they care less about being caught

Russia needs sanctioned computer technology and software updates for machine tools

The Independent UK

CEOs Lose Confidence In Economy As Head Winds Drag On: Report

CEO confidence fell sharply in the second quarter, dropping 12 points to 47, according to a survey from The Conference Board and The Business Council.

International Business Times

Trump’s Iran Gambit Just Blew up in His Face as Gas Prices Hit $4.42 and Inflation Soars to a Three-Year High

For now, Americans have been left to navigate an economy that’s growing more expensive by the month.

The Mary Sue

Second phase of AI Passport project in pipeline

The Ministry of Digital Economy and Society (DES) plans to move ahead with development of the second phase of the TH-AI Passport project at a cost of 900 million baht, despite ongoing criticism of the first phase.

Bangkok Post

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Oil falls amid hopes for Trump peace deal backing

Brent crude for July delivery traded lower as the US president said he was making a ‘final’ decision on a peace deal with Iran.

Evening Standard

Trump in Situation Room to make final call on Iran peace deal after lifting Naval blockade of Hormuz Strait

President confirms deal reopens Strait of Hormuz after months-long stalemate that has devastated global economy

The Independent UK

Resilient Indian economy may face West Asia headwinds; El Nino impact likely on agri output: RBI

As energy prices surge and supply chain disruptions persist, India's economic landscape is indeed testing its resilience; yet, robust financial health among corporations and banks, bolstered by proactive government investments, is set to fuel progress, the RBI said.

The Economic Times

Why America is failing its health report card

Americans spend 18% of our economy on healthcare, nearly twice the average of comparable nations, for worse results

The Guardian - US

Bank of England’s Bailey says no rush to raise interest rates amid Iran war uncertainty

Inflation can be tolerated above 2% target for now ‘given context of softness in real economy’, governor says

The Guardian - UK

Russia’s ballooning $28bn Ukraine war bill forces Putin to make spending cuts

Russia continues to spend big on the war as its gains in Ukraine shrink to a fraction of what it took last year

The Independent UK

India ranks 4th globally on AI performance; 5th in digital economy rankings: Report

India has surged to become the world's fifth most digitalised economy and ranks fourth in AI performance, a new report reveals. This positions India ahead of several developed nations, highlighting a significant shift in global digital leadership with developing countries now dominating AI usage.

The Economic Times

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The Times of India

Top 10 richest countries in the world in 2026 by GDP: From Liechtenstein to Denmark

Wealth between countries is often discussed as though it were a simple ranking of who has the most money. In reality, the picture is narrower and more complicated. Lists of the world’s richest countries usually measure wealth by GDP per capita, which is economic output divided by population. That changes…

The Economic Times

NGT seeks response from Centre, states regarding heatwave conditions across country

The National Green Tribunal has sought responses from the Centre and several states regarding extreme heat conditions across India. Citing a newspaper report, the NGT highlighted the severe impact of rising temperatures on health, productivity, and the economy, emphasizing the need for region-specific adaptation strategies.

inkl

How Getting Legal Help After a Truck Crash Protects Your Recovery

Rutherfordton runs at the steady pace of a working town, with regional roads that move daily commuters, local businesses, and a fair share of commercial trucks hauling freight through the area. That mix keeps the local economy moving, but it also means crashes involving large trucks happen more often than…

The Economic Times

India steers boat through a risky channel between war clouds and El Nino

India faces a challenging global economic outlook for 2026-27. Geopolitical tensions and volatile oil prices are key concerns. However, India is building resilience through infrastructure, manufacturing incentives, and reduced import dependence. The nation is positioning itself as an investment destination amidst global uncertainty. Domestic demand and strategic initiatives offer a…

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The Economic Times

From K-pop to K-glow: Lasers, facial firming drive South Korea's new tourism wave

South Korea is attracting a growing number of foreign visitors for advanced skincare treatments. Tourists are spending more on medical services than on traditional tourism. The country's expertise and competitive pricing make it a top destination for beauty procedures. Many clinics offer treatments not available elsewhere. This trend is boosting…

The Independent UK

If you’re serious about growth – you need to be serious about women

IN FOCUS: Everyone is talking about scaling up – but no one is mentioning those who can really make it happen, says finance leader Sam Cooper-Gray. There is one cohort that could generate over £50bn a year for the British economy, if only those in charge would pay a bit…

The Economic Times

Japan population sees record five-year drop, census shows

Japan's population has seen a record decline. Census data reveals a 2.5 percent drop over five years. The number of newborns also fell for the tenth consecutive year. Government efforts to boost birth rates have yielded limited success. This demographic challenge continues to impact the world's fourth-largest economy.

MyLifeXP

Why Modi May Soon Remove These Deadwood Ministers

For years, Prime Minister Narendra Modi built an image of speed, discipline, and decisive governance. From infrastructure to global diplomacy, the Modi government projected confidence and control. But now, after more than a decade in power, a different conversation is slowly growing louder inside political circles has the government started…

The Economic Times

Global Market Today: Asian stocks rise on US-Iran truce deal, oil drops

Asian markets saw gains as oil prices fell following a tentative US-Iran ceasefire extension. This development eased concerns about energy flow disruptions. Optimism surrounding artificial intelligence also boosted stock markets. However, rising inflation and a cooling economy present challenges for investors. The Federal Reserve's flexibility is limited by persistent price…

The Economic Times

Industry expects policy continuity, faster execution under Shivakumar in Karnataka

Executives from the technology, semiconductor and digital economy ecosystem said Karnataka’s long-standing strengths in talent, research and innovation are institutional in nature and unlikely to change with a leadership transition. At the same time, they said stable leadership and faster decision-making would help the state compete more effectively with others…

International Business Times

Key Inflation Gauge Hits Three-Year High As Prices Increase Across Different Sectors Of The Economy

The Commerce Department said Thursday that the personal consumption expenditures price index rose 3.8% in April from a year earlier, up from 3.5% in March and the highest annual increase since May 2023.

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