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The Latest Breaking News from Economy

Most Americans Report Economic Anxiety, Loss Of Relative Income: Poll

More than three-quarters of Americans say their income is not keeping up with inflation, according to a CBS News poll. Much of the country has high levels of stress and anxiety about the economy.

International Business Times

Scotland’s independence movement must find an answer to this economic question

IF Scottish independence is to mean more than constitutional change, the movement must show how it would extend democracy into the economy itself

The National (Scotland)

India’s $1 trillion import dependence makes green transition a strategic necessity

India faces significant import reliance across key sectors. Aatmanirbharta requires a growth model shift, with the green economy offering a powerful solution. This pathway can attract substantial investments and create millions of jobs. Focusing on renewable energy, bioeconomy, and circularity will reduce import dependence and enhance economic security.

The Economic Times

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The economy after China summit

The optics of the summit between Donald Trump and Xi Jinping were carefully staged to signal parity between the US and China. Mr Trump, the first US president to visit mainland China in nearly a decade, was accompanied by an entourage of American CEOs -- including Tesla's Elon Musk, Apple's…

Bangkok Post

EU To Downgrade Growth Forecast Due To 'Stagflationary Shock' From Iran War

The European Union will cut its growth forecast as a result of the "stagflationary shock" from the Iran war, its economy commissioner said.

International Business Times

China Retail Sales Sink To Weakest Growth Since 2022

Retail sales rose just 0.2% from a year earlier in April, the weakest increase since December 2022, according to data from China's National Bureau of Statistics.

International Business Times

The IRS Is Cracking Down on Side Hustle Income Again in 2026

The side hustle economy keeps booming across the United States, but the IRS now watches every dollar more closely than ever before. Gig apps, online marketplaces, and payment platforms continue to fuel extra income streams for millions of Americans, and tax rules struggle to keep up with that rapid growth.…

The Free Financial Advisor

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PM Modi calls for early end to conflicts in West Asia and Ukraine

India and Norway have established a Green Strategic Partnership. Prime Minister Narendra Modi and his Norwegian counterpart Jonas Gahr Store discussed expanding cooperation in clean energy, climate resilience, and the blue economy. Both leaders called for resolving global tensions through dialogue and diplomacy. The partnership aims to combine India's scale…

The Economic Times

Trump’s approval hits second-term low with brutal poll showing America’s disdain for Iran war and rising costs

President receives low marks from voters in his handling of the cost of living, the economy and Iran war

The Independent UK

Trump’s trip to China doesn’t move the needle on low approval ratings

President Donald Trump returned from China with few concrete wins, and his refusal to owe Xi Jinping a favor in return for the Chinese president’s help reopening the Strait of Hormuz highlights his lack of a plan to ease Republicans’ gas prices concerns as Democrats hammer his 79-day-old conflict. After…

Roll Call

A record number of 18-year-olds are set to graduate into an economy designed against them

It's the commencement season that Gen Z fought back as America hits peak 18 and peak data center at the same time.

Fortune

The Iran war is now changing your Social Security check; here's the new 2027 COLA number

Social Security COLA update 2027: Gas prices in America have surged above $4.10 per gallon, up sharply from $3.17 last year, and the impact is now reaching Social Security checks. The latest inflation spike, fueled by global oil tensions and the Iran conflict, is increasing pressure on millions of retirees…

The Economic Times

Labour must stick to Reeves’ fiscal rules to avoid market chaos, IMF warns

UK economy sees growth upgrade but government advised to ‘stay the course’

The Independent UK

Iran war hit to UK growth less than feared but inflation still to rise – IMF

The International Monetary Fund (IMF) updated its growth projections a month after warning of a sharp slowdown caused by the global energy shock.

Evening Standard

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The Economic Times

In 1831, a man digging into a Scottish sandbank found carved ivory figures that rewrote medieval history

In 1831, a man on the Isle of Lewis unearthed the remarkable Lewis Chessmen, carved from walrus ivory. These pieces reveal a sophisticated medieval global economy, with Norse traders facilitating a centuries-long supply chain from Greenland's Arctic resources to elite markets across Europe, showcasing early forms of luxury branding and…

The Times of India

No degree, no advice: China cracks down on 'fake experts', bars uncertified influencers

China is implementing stringent new regulations for its influencer economy. Content creators discussing sensitive topics like health and law will need verified professional qualifications. Platforms must also ensure AI-generated content is clearly disclosed. This move aims to elevate information standards, though concerns linger about potential impacts on public discourse.

The Economic Times

Strait of Hormuz is now India's biggest market risk, says Ashi Anand

Indian markets await clarity on Strait of Hormuz shipping. Ashi Anand of IME Capital suggests a defensive market approach. Oil prices near $110 per barrel strain India's economy. Fuel price hikes are expected to continue. Pharma and metals sectors show resilience due to specific growth drivers. China-plus-one strategy remains a…

The Economic Times

US Stock Market: AI boom and consumer spending trends take center stage as earnings season nears key test

S&P 500 and NASDAQ Composite are heading into a crucial week near record highs, with investors focused on two key themes — the AI-driven market rally and the strength of U.S. consumer spending amid sticky inflation. Earnings from NVIDIA and major retailers like Walmart, Home Depot, Target and TJX Companies…

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The Economic Times

India poised for strong growth revival despite global risks: Morgan Stanley

Morgan Stanley sees India's economy entering a new growth phase. Strong domestic demand and policy support are expected to boost corporate earnings. Indian equities are set for a strong year. Investments in key sectors will strengthen growth momentum. India's role in global GDP growth is increasing.

The Economic Times

Global Market: China’s April growth slows sharply as consumption, factory output weaken

China's economy shows signs of slowing down. Industrial output, retail sales, and investment activity weakened in April. This slowdown is linked to higher energy costs and subdued domestic demand. Exports offered some support, but consumer spending remains a concern. The property market downturn also continues to impact the economy.

inkl

AI Is Quietly Creating a New Global Economy Around Data, and Datavault Wants its Share

Most people still think of artificial intelligence as a software revolution.

The Economic Times

China's economy slows in April as output, retail sales disappoint in blow to outlook

China’s industrial output growth slowed to 4.1% in April from 5.7% in March, missing market expectations of a 5.9% rise, official data showed on Monday.

The Economic Times

Want to jump into the 'China is back' rally? Tread carefully

Investors are increasingly betting that “China is back” as the economy rebounds from years of deflation, helped by strong manufacturing, exports and growth in sectors such as AI, electric vehicles, green energy and high-end manufacturing. China’s GDP grew 5% in the first quarter, while tech and industrial stocks in Hong…

Evening Standard

SNP Westminster leader demands urgent review of UK’s ‘anti-business policies’

Dave Doogan said policies such as the rise in employer national insurance contributions should be ‘scrapped as soon as possible’.

The Guardian - US

The American epoch of oil is collapsing. What comes next could be ugly

China is dominating the energy transition with astonishing result, while fossil fuel fascists in the US try to turn back the clock

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