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The Latest Breaking News from Economy

Most Americans blame Trump for worsening economy, new poll finds

IN FULL

The Independent UK

Global turmoil tests India’s resilience; time for a strategic economic pivot

India faces economic challenges due to global events. Prime Minister Modi urges careful resource use. The nation must boost foreign investment and cut imports to strengthen its economy. Focus on energy transition and attracting capital will build resilience. Targeted strategies can secure export growth and long-term strength.

The Economic Times

Global turmoil is India’s 'wake-up call' to cut import dependence: Piyush Goyal

India's Commerce Minister Piyush Goyal urges domestic industry to embrace self-reliance amid global challenges. He calls for increased productivity and better use of trade agreements. The minister emphasizes reducing import dependence to bolster the economy. He also highlights the potential of electric vehicles and advanced technologies like AI for growth.…

The Economic Times

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How the U.S.‑Israel war against Iran is exposing the limits of the petrodollar system

For the first time since the Second World War, excluding the COVID-19 pandemic, public debt in the United States has surpassed the entire economy’s GDP. As of late March, debt held by the public reached US$31.27 trillion, just ahead of the GDP of US$31.22 trillion.

The Conversation

US Workers’ paychecks lose buying power for first time since 2022: What is crushing middle-class Americans despite rising wages and bigger paychecks running higher?

US inflation rose to 3.8% in April. That is the highest level since May 2023. American workers are now losing buying power again as rising prices move faster than paycheck growth. Real wages fell for the first time in three years. Gasoline prices surged 28.4%. Rent inflation accelerated sharply. Middle-class…

The Economic Times

Three out of four Americans blame Trump for rising prices, new poll finds

Americans generally express negative feelings toward the current state of the US economy, multiple polls have found

The Independent UK

Why did the US stock market crash today? Dow Jones, S&P 500 and Nasdaq sink deep into red as Iran tensions and soaring oil prices fuel fresh inflation fears across Wall Street

US stock market crash today shocked Wall Street after US CPI inflation jumped to 3.8%, the highest level in three years. The Dow Jones fell more than 307 points to 49,396.89, while the S&P 500 declined 0.63% to 7,366.24. The Nasdaq Composite dropped nearly 1%. Tech stocks lost momentum. Nvidia,…

The Economic Times

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Star Catcher just raised $65 million to build the world's first power grid in space — with lasers

Star Catcher Industries just raised $65 million to build a constellation of power-beaming satellites, which the Florida company thinks will supercharge the off-Earth economy.

Space

The Disappearing Supermarket Why Major Cities Are Struggling to Keep Grocery Stores Open

Accessing healthy and fresh food is a significant logistical hurdle in many modern urban centers. Residents in large cities often find their local supermarkets closing their doors without much prior warning. This trend creates extensive food deserts where families have extremely limited options for daily nutrition. Losing a neighborhood grocery…

Grocery Coupon Guide

UAE Central Bank grants first crypto payment licence to Crypto.com

The UAE has become the first country to grant a Stored Value Facilities (SVF) license to a cryptocurrency platform, allowing regulated digital asset payments. This landmark approval enables UAE residents to pay government fees using cryptocurrencies, integrating virtual asset payments into the nation's regulated financial system and bolstering its digital…

The Times of India

Chanel for Chandigarh, Mango for Mangaluru: India’s luxury map shifts beyond metros

India's retail landscape is shifting as smaller Tier-2 cities are now attracting global brands and premium malls, outperforming larger metros. A new study reveals a parallel retail economy emerging, driven by strong consumption power and modern infrastructure in these rapidly developing urban centers.

The Economic Times

Get ready for a budget slowdown. But Chalmers insists we won’t see a recession

Treasurer Jim Chalmers has called his budget “ambitious in the face of adversity”.

The Conversation

Bleak outlook for national economy if Iran war drags on

Higher budget spending won't help the Reserve Bank, economists warn, as a prolonged war in the Middle East is forecast to push inflation above seven per cent.

AAP

Farage surge makes Starmer's EU push 'more important than ever,' UK minister tells Euronews

Crushing local election loss is piling pressure on Prime Minister Keir Starmer, as rising support for the anti-immigration Reform UK exposes growing public frustration over migration and the economy.

Euronews

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MarketBeat

Ströer SE & Co. KGaA Q1 Earnings Call Highlights

Ströer SE & Co. KGaA (ETR:SAX) reported modest organic growth and improved adjusted earnings in the first quarter of 2026, with management pointing to continued strength in its core out-of-home advertising business despite a weaker consumer environment and uncertainty in the broader economy. Ch

The Guardian - UK

Labour must offer more than ‘better managed decline’ on economy, MPs urge

Soft-left Tribune group issues thinly disguised attack on Keir Starmer, calling for bold policy renewal

The Economic Times

Domestic flows powering Indian markets despite FII exit: Gautam Trivedi

Despite foreign investor outflows, domestic investors are bolstering Indian equities, keeping benchmark indices resilient. Market veteran Gautam Trivedi notes a divergence between the economy and stock market, with India appearing unattractive to foreign investors compared to AI and commodity-linked emerging markets. Domestic inflows, driven by retail and institutional investors seeking…

MyLifeXP

92,000 Layoffs Later, Tech Workers Fear What’s Coming Next

For years, people believed technology would create endless opportunities. Learn coding, join a big tech company, work hard, and your future would stay secure. That dream now feels shakier than ever. In 2026 alone, more than 92,000 tech workers have already lost their jobs. Giants like Meta , Microsoft, Amazon,…

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The Economic Times

PM Modi Work from Home Advisory Updates: Here's what IT companies, industry bodies and leaders are saying about WFH shift

Prime Minister Narendra Modi has called for a return to work-from-home and virtual meetings. Businesses are reviewing remote work options. Citizens are urged to reduce fuel consumption, use public transport, and avoid unnecessary foreign travel. The appeal also includes reducing non-essential gold and edible oil purchases, and preferring Made-in-India products…

The Economic Times

India's gold imports: How it impacts our economy | An explainer

India's gold imports are at an all-time high, reaching USD 71.98 billion in 2025-26. This surge is driven by increased prices and trade agreements. High imports pressure India's trade deficit and foreign exchange. The government is reviewing trade policies to curb these imports and protect reserves.

The Economic Times

India's gold import: How it impacts our economy | An explainer

India's gold imports are at an all-time high, reaching $71.98 billion in 2025-26. This surge is driven by increased prices and trade agreements. High imports pressure India's trade deficit and foreign exchange. The government is reviewing trade policies to curb these imports and protect reserves.

The Independent UK

The gap between America’s wealthiest and everyday citizens is the biggest it has been in generations

The U.S. economy is increasingly bifurcating, with high gas prices and employment issues hitting lower-income households, while the richest Americans enjoy tax cuts and a soaring stock market

International Business Times

The Gig Economy and the Trust Crisis: Why the Current Model Needs Work

When it comes to screening new workers, the gig economy is a contradiction. It's a labor market built on speed and flexibility. Yet, the process for conducting background checks on those workers is slow, redundant, and increasingly risky.

The Economic Times

Quote of the day by Thomas Piketty: “Refusing to deal with numbers rarely serves the interests of the...” Lesson on money, rising inequality, and why numbers reveal the truth — The modern Marx and writer of Capital in the Twenty-First Century, explains why ignoring economic reality hurts ordinary people the most

Quote of the day: Thomas Piketty warns that ignoring economic data often harms poor and middle-class families the most. In today’s world of rising inflation, wealth inequality, housing pressure, and falling purchasing power, numbers matter more than opinions. The writer of Capital in the Twenty-First Century argues that facts, wages,…

The Conversation

Pensions for Botswana’s elderly are growing, but care services are lacking – study tracks 20 years

Botswana’s economy is projected to contract by 0.4% in 2026, driven largely by a slowdown in the diamond sector. Diamonds account for a third of fiscal revenues and a quarter of GDP. This means the government has less money to spend, even before making any policy choices.

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