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The Latest Breaking News from Economy

The $4.50 gas economy: Fewer nights out, more belt-tightening

As fuel prices continue to rise, many American families are feeling the financial crunch. With budgets tightening, people are cutting back on non-essential expenses and are on the lookout for free entertainment options. For numerous individuals, reducing driving simply isn't feasible due to job responsibilities and family needs.

The Economic Times

Warsh takes over Fed with a policy problem already in view

Kevin Warsh takes charge as the new Fed leader. He faces a critical juncture for the economy and monetary policy. Inflation is high and could rise further. Artificial intelligence is reshaping industries. Warsh must decide whether to raise interest rates to combat inflation. His actions will be closely watched by…

The Economic Times

Maharashtra's economy to surpass those of Singapore, UAE in 2 to 3 years: Devendra Fadnavis

Maharashtra's economy is set to outpace Singapore and the UAE within two to three years. Chief Minister Devendra Fadnavis highlighted rapid growth in innovation, artificial intelligence, and infrastructure as key drivers. The state is already the world's 30th largest economy and aims for a $1 trillion economy by 2030. Technology…

The Economic Times

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EU green economy booms as solar energy grows at record pace. What's the most profitable sector?

EU countries doubled their green-economy output in less than 10 years. Will this continue despite some scaling back of green policies?

Euronews

Spain to introduce job-matching plan for migrants granted legal status

Spain is launching a program to grant legal status to approximately 500,000 undocumented workers, aiming to boost economic growth by matching migrants to jobs. The initiative seeks to integrate workers from the shadow economy into formal employment, addressing labor shortages and supporting the welfare state.

The Economic Times

More accurate data soon: Big missing link in India's economy dashboard finally gets set to go live

Come July, India will unveil its inaugural Index of Services Production to correctly assess the pulse of the country's critical services sector. By tracking short-term shifts in services output, this index aims to make the economy's readings better, in tow with the IIP.

The Economic Times

EU economy chief certain the bloc will not return to Russian gas or oil as energy crisis bites

Exclusive: European Commissioner for the Economy Valdis Dombrovskis said Russia is milking the crisis in the Middle East for energy profits – and the EU will not ease on its sanction regime for cheaper oil or gas flows.

Euronews

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'Cold, pragmatic relationship': UAE-Israel ties driven by defence and technology

Nadia Massih is pleased to welcome Dr Andreas Krieg, Senior Lecturer at the School of Security Studies at King's College London and Fellow at the Institute of Middle Eastern Studies. According to Krieg, "Iran is fighting a war against the global economy." By targeting the UAE, and especially Dubai, Tehran…

France 24

Beating the Heat: India’s data centre dream and the 50°C reality in its path

India's digital economy is expanding rapidly. However, extreme heat is straining its data centers. Rising temperatures increase cooling needs, leading to higher electricity and water consumption. This poses a challenge to India's trillion-dollar digital ambitions. Experts warn of increased operational costs and potential water scarcity. Future planning must integrate digital…

The Economic Times

India's job engine strains as Iran war hits remittances and trade

The Middle East conflict is impacting India's economy by forcing migrant workers home and reducing demand for manufactured exports. This double blow is leading to unemployment and potential social unrest, as returning workers struggle to find comparable wages in India. The situation is particularly visible in industrial hubs like Kanpur,…

The Economic Times

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Bangkok Post

Economists stress inflation warning for Thai economy

Escalating inflation poses a significant risk to the Thai economy, especially if the US-Iran war drags on until the second half of the year, as domestic consumption remains fragile and small businesses in provincial markets face a liquidity crunch, say economists.

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