The Latest Breaking News from Economy

China factory growth slows to 4-month low in July, survey shows

China's manufacturing sector expanded at its slowest pace in four months during July. Output and new orders rose more slowly, while export orders returned to growth. Firms added staff at the fastest pace since August 2023, and purchase stocks increased. Input price inflation slowed to a six-month low, and output…

The Economic Times · Aug 3

Trump says US backed Japanese yen in rare currency intervention

President Donald Trump said on Sunday the United States had intervened to support the Japanese yen, describing the move as a "signal of friendship" that would benefit both the US and global economy. The Financial Times reported Washington and Tokyo had jointly backed the yen for the first time in…

France 24 · Aug 2

At least 14 dead as Ukraine and Russia exchange strikes

At least nine people were killed in Russia and five in Ukraine on Sunday as Kyiv and Moscow intensified long-range attacks on each other. US-led talks on ending the war in Ukraine have been effectively frozen since February, when the United States and Israel launched joint strikes on Iran.

France 24 · Aug 2

More dialogue needed between youth & policymakers as AI creating uncertainty about jobs: Ex - NITI Aayog VC

Former NITI Aayog Vice Chairman Rajiv Kumar urged policymakers to engage with India's youth. He highlighted youth frustration over job prospects due to Artificial Intelligence advancements. Kumar stressed India must grow above eight percent to achieve upper-middle-income status. He advocated for state-specific export policies to boost manufacturing and employment. Strengthening…

The Economic Times · Aug 2

Scottish wind farms paying £1 billion to foreign shareholders

CHINA’S government and an investment vehicle based in the Cayman Islands are among a group of foreign owners whose Scottish wind farms have paid…

The National (Scotland) · Aug 2

Crimson Desert adds 133 new trading posts and overhauls the in-game economy with supply and demand

Dust off the old wagon.

PC Gamer · Aug 1

Crimson Desert update overhauls the game's economy with 133 new trading posts and trade goods that change in price

Pearl Abyss adds more ways to get rich quick

GamesRadar · Aug 1

Chris Wood warns AI capex binge may burn billions as markets turn against Big Tech spending

Wood’s long-standing view is that the “hyperscalers will end up blowing a lot of money on their capex binge” and that AI could resemble the airline industry more than the winner-takes-all economics of the internet era.

The Economic Times · Aug 1

Taiwan's economy grows by almost 13% on AI demand

Taiwan's exports surged 21.6% year-on-year in the second quarter, which was "mainly driven by the sustained strong external demand for artificial intelligence (AI) and related evolving applications", the statement said. Imports over the same period grew by 18.3% from a year ago.

The Economic Times · Aug 1

AI set to reshape insurance economics, push industry towards scale, specialisation: Report

Artificial intelligence is set to reshape the economics of the global insurance industry, with carriers, brokers and technology providers that move early potentially gaining a significant competitive edge as AI changes underwriting, distribution, productivity and the pace of innovation, according to a McKinsey report.

The Economic Times · Aug 1