Interest rate dilemma for central banks as inflation rises but growth slows The Federal Reserve, the ECB and the Bank of England appear unclear on how to tackle inflation amid the Iran war The Guardian - UK · Aug 16
Burnham urged to crack down on gig economy firms to protect 4m workers Exclusive: Campaigners say millions are missing out on key rights including sick pay and protection against unfair dismissal The Guardian - UK · Aug 16
Iran plays the waiting game Meanwhile, U.S. oil reserves hit a new low as the economy teeters Salon · Aug 16
From tourism to power generation and productivity, Europe feels economic cost of heatwaves Low river levels have stalled German freight traffic and forced closure of nuclear plants in France The Guardian - UK · Aug 16
India could reach $20 trillion by 2036 with 14.2% rupee growth: Equirus India could reach a $20 trillion economy by 2036 with reforms. This requires sustained rupee growth and appreciation, according to a research report. Services will become the principal engine of economic expansion, growing significantly. Proposed reforms span multiple sectors, including capital markets and human capital. Successful execution across many fronts… The Economic Times · Aug 16
JB Pritzker Defends Billions in CTA Funding as Illinois Rejects Service Cuts and Fare Hikes: 'Invest, Modernize and Build' Gov. JB Pritzker (D-Ill.) defended the state’s multibillion-dollar investment in public transportation, arguing that strengthening transit is critical to the state’s economy and millions of daily riders. Benzinga · Aug 16
Small, microcaps offer better alpha opportunities; midcaps look expensive: Equitree CIO Pawan Bharaddia Indian equities may stay supported by a resilient domestic economy, but future returns are likely to depend more on earnings growth than valuation re-rating, says Pawan Bharaddia of Equitree Capital Advisors. He sees alpha opportunities in select small and microcaps, especially those with a ₹1,000–5,000 crore market cap, while largecaps… The Economic Times · Aug 16
A Week in Jharkhand's Forest Interior Reveals What Adivasi Communities Have Always Known About Survival The Silence That Arrives Before You DoSomewhere past Chaibasa, the highway stops pretending. The road narrows, the phone signal drops in stages, and the sal forest closes in on both sides with a density that feels less like scenery and more like a position the trees have taken. You are… Times Life · Aug 16
Tariff refunds are juicing corporate profits and GDP, as more tailwinds converge to propel growth to a blistering 4.3% pace, top economist says "The bottom line is that the US economy continues to be supported by a growing set of tailwinds." Fortune · Aug 15
Hormuz ship attacks mount as US vows to cripple Iran economy The Strait of Hormuz has seen an uptick in ship attacks, causing grave concerns as peace negotiations remain stagnant. Recently, two vessels from the Abu Dhabi National Oil Co were targeted while navigating this crucial passage. In response, the United States intends to implement further economic sanctions in an effort… The Economic Times · Aug 15
Despite booming economy, young Moroccans still dream of Europe RABAT - When 72,000 would-be migrants crossed from Morocco to the Spanish exclave of Ceuta last month, it revived memories of previous European migration crises, but a key difference this time is that many weren't fleeing destitution or conflict. Bangkok Post · Aug 15
Iran business leader admits U.S. blockade will inflict more economic damage than war, and the 'worst thing that could happen' is trying to evade it The head of the Iran-China Joint Chamber of Commerce said "the consequences of the blockade far outweigh those of a direct war." Fortune · Aug 15
E20 petrol not sole reason for lower mileage, Centre says The government clarified that vehicle mileage depends on many factors, not just fuel. Extensive testing confirms E20 petrol meets quality standards and is not contaminated. Motorists' concerns about fuel economy are being addressed by the ministry. Oil companies conducted inspections at numerous fuel stations nationwide. Real-world fuel consumption results from… The Economic Times · Aug 15
US Economy: Inflation eases but prices remain high, retail sales fall, jobless claims rise Inflation eased last month, but prices remain elevated for American consumers. Retail spending decreased sharply, surprising economists and signaling a slowdown. Existing home sales declined due to record prices and high mortgage rates. Wholesale inflation also fell, offering some relief for future consumer prices. Jobless claims rose slightly but the… The Economic Times · Aug 15
International Business Times · Aug 15 UK Services Sector Contracts at Fastest Pace Since January 2023 - What Does It Mean for Jobs and Economy? The UK's services sector, crucial to the economy, is contracting rapidly due to falling demand and rising costs, impacting jobs, consumer confidence, and economic recovery.
International Business Times UK · Aug 15 Britain's Biggest Economic Engine Is Stalling: What the Services Sector Slowdown Means for Your Job and Finances The UK's services sector, crucial to the economy, is contracting rapidly due to falling demand and rising costs, impacting jobs, consumer confidence, and economic recovery.
The Economic Times · Aug 15 PM Modi sets target of 6 crore ‘Lakhpati Didis’ on Independence Day, hails women’s role in nation-building Prime Minister Narendra Modi announced a new goal for six crore women to become Lakhpati Didis. This initiative aims to significantly transform the rural economy by empowering women. The government has already surpassed its previous target of three crore Lakhpati Didis. Women's increasing leadership roles across various sectors were highlighted…
The Guardian - UK · Aug 15 Five years into Taliban rule, Afghanistan plunges into a state of collapse – visualised The stark figures show that since the hardliners seized power in 2021, women have been erased from public life, poverty is forcing hopeless families to marry off their daughters and healthcare is on the brink of failure
Times Life · Aug 15 The Financial Shame Indian Men Carry Alone and What It Quietly Destroys in Every Relationship The silence comes before the distanceYou notice it first in small things. He used to tell you when the EMI cleared. He used to complain about the auto fare going up, about his boss, about the client who paid late. Then one month he just stops. The bills still get…
Barchart · Aug 14 Stocks Close Lower on Worries About US Economy The S&P 500 Index ($SPX ) (SPY ) on Friday fell by -0.17%, the Dow Jones Industrial Average ($DOWI ) (DIA ) fell by -0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) fell by -0.13%. E-mini S&P futures (ESU26 ) fell -0.27%, and September E-mini Nasdaq futures (NQU26...
International Business Times · Aug 14 New Data Showed Consumer Sentiment and Retail Sales Declined In July. Stocks Declined. Consumer sentiment and retail sales declined the past month, dampening the outlook of the U.S. economy.
The Economic Times · Aug 14 Colleges bet on 'influencer' majors; critics ain't happy Arizona State University launched a new bachelor's degree in content creation, sparking debate. Many universities are now offering similar programs to attract students seeking new careers. Content creation is a time-consuming and labour-intensive job, often with low initial pay. While the creator economy is growing, most revenue does not go…
Barchart · Aug 14 Stocks Pressured by Worries About US Economy The S&P 500 Index ($SPX ) (SPY ) is down -0.05%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.06%. September E-mini S&P futures (ESU26 ) are down -0.11%, and September E-mini Nasdaq futures (NQU26...
Fortune · Aug 14 Over 400% of GDP: top analyst finds corporate equity double the level from the dotcom bubble — and triple 1987's Black Monday How high can markets get?
The Economic Times · Aug 14 The hidden economics of international spending The expansion of Indian international spending is rapidly increasing annually. The hidden costs of forex mark-up on credit cards can significantly inflate overseas purchases. Opting for zero forex mark-up cards provides considerable savings for those who travel often. As consumers assess credit cards based on avoided costs and enhanced experiences,…