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The Latest Breaking News from Economy

Westminster ‘chaos’ turning people off Union, Sinn Fein Stormont minister says

Caoimhe Archibald, the Sinn Fein Economy Minister, said it ‘does not matter’ who is Prime Minister for people in Northern Ireland.

The Independent UK

Delhi Government to provide collateral-free loans up to Rs 10 crore to women startups

Delhi Chief Minister Rekha Gupta announced collateral-free loans up to Rs 10 crore for women's self-help groups and startups. The government will act as guarantor. This initiative aims to boost local products and promote 'Vocal for Local'. Platforms will be provided in malls for indigenous goods. The move supports women…

The Economic Times

Charting the global economy: Inflation mounts as war drags on

The Iran war is causing global economic disruption. Inflation is rising, impacting consumers and markets worldwide. The US sees its worst inflation in years, while Europe braces for interest rate hikes.

The Economic Times

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India scrambles to steady rupee as oil shock bites

India is scrambling to salvage a sinking rupee as surging oil prices linked to the Middle East conflict threaten to disrupt the world's fastest-growing major economy. The depreciation has punctured India's ambition to become the world's third-largest economy.

The Economic Times

Australian economy expected to add thousands more jobs

The Australian Bureau of Statistics is forecast to post a positive gain in jobs when it publishes new data, as economists mull over sweeping tax changes.

AAP

Trump's Three-Time Voter Brands President 'Naive' as Iran War Sends Fuel Prices Soaring in GOP Areas

The US-Iran conflict has driven oil prices up, impacting rural Colorado's economy and testing political loyalties, as residents express frustration over the administration's handling of the crisis.

International Business Times UK

I've discovered the best way to sleep on a plane after a recent trip to Taiwan — and it all started with a foot hammock

My top 5 hacks for sleeping on a plane, with advice from experts and the biggest mistakes people make.

Tom’s Guide

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Nvidia surpasses Germany: How the market caps of tech giants compare to top economies

Nvidia’s market capitalisation ($5.7 trillion) has overtaken Germany’s GDP ($5.45 trillion). The combined value of the five largest US companies now exceeds the total GDP of Europe’s five largest economies.

Euronews

CM Revanth Reddy slams PM Modi over petrol, diesel price hike, seeks immediate rollback

Telangana Chief Minister A Revanth Reddy has demanded the central government roll back the recent increase in petrol and diesel prices. He stated the hike is unjustifiable and will negatively impact various sectors. Reddy claimed the decision, made shortly after election results, betrays public trust. He also highlighted the weakening…

The Economic Times

How Jerome Powell navigated pandemic, inflation and Trump

The outgoing Federal Reserve chair guided the U.S. economy through extreme tumult.

Axios

Wealth of Britain’s 157 billionaires now equal to 22% of country’s GDP

This ‘ghost GDP’ shows how headline economic growth is increasingly disconnected from reality for most, says report

The Guardian - UK

From kitchen storage to recycling bins: How Deposit Refund Schemes can change India’s plastic economy

India is exploring Deposit Refund Schemes (DRS) to tackle plastic waste, where consumers pay a small deposit on packaged products, refunded upon return for recycling. This initiative aims to improve collection rates and boost the recycling system, though integration with the existing informal sector and consumer convenience are key challenges.

The Economic Times

The world has 10 five-star airlines – and none are European

Asian and Middle Eastern carriers have once again dominated Skytrax’s prestigious 5-star airline rankings, with no European airline earning a place among the world’s top-rated operators.

Euronews

India moves to buffer economy against Iran war fallout

India is taking urgent steps to protect its economy. Fuel prices have risen. Gold imports are restricted. Local government staff in Delhi are working from home to save fuel. Sugar exports are temporarily banned. These actions aim to conserve foreign exchange reserves amid global pressures. The nation faces challenges from…

The Economic Times

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TechRadar

Raspberry Pi founder warns replacing people with AI could ‘distort people's choices in ways that make that skill shortage worse and not better’

Raspberry Pi boss says AI technology could put young people off tech jobs and hurt the economy

The Economic Times

Tencent bets on India’s creator economy with Rs 10 crore gaming and animation push

Tencent is investing significantly in India's creative industries. The company will fund skill development and training programs for animation, visual effects, gaming, and comics. This initiative aims to boost India's 'Orange Economy' and create jobs. Partnerships will focus on talent development and global collaboration. India plans to train millions in…

The Guardian - UK

After four bloody years, the war on Ukraine might be turning into Putin’s undoing

A battered economy, huge numbers of casualties and very little territorial gain – it’s no wonder even stalwart Putin supporters are showing signs of disquiet, says Rajan Menon, professor emeritus of international relations

The Independent UK

War worsens Lebanon's economic crisis with job losses, price gouging and slow business

The latest war between Israel and Hamas, and the closure of the Strait of Hormuz, have sent economic shock waves across the Mideast

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International Business Times

Vance Says White House Has 'A Lot Of Work To Do' After Trump's On Americans' Finances

Vice President JD Vance said the Trump administration has "a lot of work to do" on the economy after President Donald Trump faced backlash for saying Americans' financial struggles were not motivating his push for a deal with Iran.

Barchart

Dollar Rallies on Signs of a Resilient US Economy

The dollar index (DXY00 ) on Thursday climbed to a 2-week high, finishing up by 0.29%. The dollar garnered support from Thursday's as-expected US April retail sales report, signaling signs of a resilient US economy. Also, signs of progress in US-China trade negotiations are supportive of the dollar after Reuters...

The Independent UK

Rachel Reeves is right – a leadership election will only damage Britain’s recovery

THE INDEPENDENT VIEW: Editorial: With new GDP figures showing unexpected growth, Labour’s restless frontbenchers should heed the chancellor’s warning that this is no time to put the economy at risk for the sake of political ambition

The Economic Times

China's credit growth slips below estimates

April marked a significant slowdown in China's credit growth, tumbling below projections. Banks curtailed the issuance of new loans, while households took decisive steps, repaying outstanding debts at unprecedented levels. This decline in borrowing signals a growing unease about future investments in the Chinese economy.

Reason

When Businesspeople Run Government, the Government Doesn't Become a Business

Central planning from Commerce Secretary Howard Lutnick, President Donald Trump, and others reflects a fundamental misunderstanding of what makes private markets work.

Barchart

Nvidia Stock Is the King of the AI Castle. History Tells Us It Will Fall Hard and Its Replacement Will Emerge From Thin Air.

Tech giants are pouring trillions into AI infrastructure, but is it actually growing the global economic pie?

The Guardian - US

Stephen Colbert on Trump tanking the US economy: ‘Experts call it the poop chute’

Late-night hosts discussed Trump’s trip to China with Elon Musk, Maga lies over the Iran war and manosphere trends

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