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The Latest Breaking News from Economy

Russian Banks Are Facing Most Of The War's Cost. A New Intelligence Report Says It Could Have 'Explosive' Consequences

Russia could face an "explosive" banking crisis because lenders have to take on a significant part of the country's war economy, according to a new report.

International Business Times

Italy tops European tourism in 2026 with a busy summer in sight

Visitor numbers increased during the first half of 2026, driven primarily by international tourists. Tourism Minister Gianmarco Mazzi said the sector a 'pillar of the national economy'.

Euronews

Spain expects to welcome 100 million tourists this year

Spain anticipates a record 100 million foreign tourists this year, with summer arrivals projected to surge by 6%. Middle East instability is diverting travelers to Mediterranean destinations like Spain, boosting demand. Additionally, a total solar eclipse in August is driving bookings in rural areas, helping to ease pressure on popular…

The Economic Times

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The ‘navalization’ of economic warfare sees trade routes become zones of force rather than rules

With more than 80% of global trade by volume being transported by sea, maritime shipping lanes are indispensable to the world economy. That fact was starkly illustrated by the war in Iran, which saw Tehran effectively close the Strait of Hormuz to commercial traffic and Washington respond with a blockade…

The Conversation

Katie McGinty: The energy economy's biggest waste problem is already inside the system

As AI drives data center demand toward 945 TWh by 2030, the fastest new energy source isn't generation — it's the third of electricity quietly wasted.

Fortune

VB-G RAM G: A potential rural income hike comes with a burden

India's new rural employment scheme, VB-G RAM G, promises more work and higher wages, aiming to boost rural incomes. However, a significant shift in funding responsibility to states raises concerns. Many states could face a four to five-fold increase in their financial contribution, potentially forcing difficult budgetary trade-offs and impacting…

The Economic Times

Making public transport fully accessible ‘could boost UK economy by £176bn’

Report says current network of buses, trains and stations effectively locks 2.8m people out of workforce

The Guardian - UK

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How India and Japan are preparing for the AI economy

India and Japan are forging a deep economic security partnership, moving beyond traditional aid and investment. The recent summit highlights collaboration in AI, semiconductors, and critical minerals, aiming to build resilient supply chains and boost India's manufacturing. This strategic alliance, focusing on hardware and talent exchange, positions Northeast India as…

The Economic Times

Faith beats economy for GOP

A new study finds conservative voters value religious identity over economic policy

Salon

For one small business, AI was key to a quick start and expansion

The rapid ⁠emergence and spread ⁠of AI has become a defining feature of the U.S. economy, of prime interest to Federal Reserve officials trying to understand its potential to reshape productivity, growth, inflation and labor demand. Among a broad review of the Fed launched by new Chairman Kevin Warsh, one…

The Economic Times

Nepal's Prime Minister Balendra Shah marks 100 days with fast change and few words

Nepal's 36-year-old rapper-turned-Prime Minister Balendra Shah has marked 100 days in power with sweeping reforms and a low public profile. His administration, driven by a promise to combat corruption and boost the economy, has moved swiftly, implementing a significant portion of its 100-point agenda. While praised for action, Shah's unconventional…

The Economic Times

India-UK CETA is more than a trade deal—it is a blueprint for a strategic partnership

India and Britain's landmark Comprehensive Economic and Trade Agreement (CETA) officially begins July 15, aiming to double bilateral trade to $112 billion by 2030. This ambitious pact extends beyond traditional trade, establishing rules for the digital economy, intellectual property, and services. It fosters collaboration in cutting-edge sectors like AI and…

The Economic Times

Make Ed Miliband chancellor, ex-chief Treasury adviser tells Andy Burnham

Nicholas Stern joins growing number backing Miliband, saying he has vision and experience to revive economy

The Guardian - UK

Far Worse Than Feared? US Economy Loses 60,000 Hospitality Jobs in Huge Blow to Trump

Hiring slowed to 57,000 jobs in June as the US lost 61,000 hospitality roles, undermining World Cup hopes and weakening Donald Trump's claim to be the jobs president.

International Business Times UK

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Fortune

Costco CEO promises the $1.50 hot dog isn't going away: 'The price will not change as long as I'm around'

The $1.50 combo hasn't changed since 1985. In a K-shaped economy where everything costs more, that's not just a deal—it's a statement.

Barchart

Why the Current Selloff in Big Tech Stocks Is a Springboard for a New Rally

The recent Big Tech correction is a healthy reset, not a market crash. Big Tech capex remains the S&P 500's core engine. With falling gas prices driving down headline CPI and an impending dovish Fed pivot, current market levels offer an ideal entry point for a new historic rally.

The Economic Times

US must 'accept existing realities' on trade: Iranian Parliament Speaker Ghalibaf

Iran's Parliament Speaker, Mohammad Bagher Ghalibaf, asserted that the US must acknowledge a changed global landscape following recent conflicts. He highlighted potential for expanded trade and transit cooperation, particularly with reduced American interference in the Persian Gulf. Ghalibaf also sharply criticized US President Donald Trump's remarks on Iran's economy and…

Bangkok Post

Shopee promotes scheme to assist small merchants

Shopee has pledged more than 500 million baht in support for Thai micro, small and medium-sized enterprises (MSMEs) under a new programme aligned with the government's "Thai Chuay Thai" co-payment scheme, as the e-commerce operator seeks to deepen its role in the country's digital economy.

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Bangkok Post

Green manufacturing offers opportunity

Thailand is intensifying its efforts to combat global warming by steering investment towards green manufacturing.

Bangkok Post

Food deliveries surge under co-pay scheme

The government's "Thais Help Thais Plus" co-payment scheme has helped to revive the economy and stimulate spending in the food and beverage sector, according to two online food delivery operators.

Bangkok Post

Hidden costs of Land Bridge project

When the Thai government discusses the Land Bridge, the conversation almost always centres on GDP growth and economic returns. The mega-project, expected to cost at least 1 trillion baht, forms part of the planned Southern Economic Corridor, another effort to boost development in the South.

The Economic Times

Open and shut source case: There’s method in Palantir CEO Alex Karp’s ‘mad’ outburst against Big AI overselling corporates

Palantir CEO Alex Karp has fiercely criticized the US AI industry, particularly OpenAI and Anthropic, for their token-based pricing and 'oversold' AI capabilities. This sparks a debate between closed and open-source AI models. While closed models cite high development costs, proponents of open source argue for greater efficiency and cost…

Barchart

Dr. Copper Is About to Make a Diagnosis. Here’s How to Keep Your Portfolio Healthy.

When copper is rising, the global economic engine is typically expanding. When it rolls over, a broader economic slowdown is usually right around the corner. Let's see what copper's movement says about the economy currently.

International Business Times UK

Elon Musk's $40 Trillion AI Debt 'Cure' Faces Reality Check In Brutal Brookings Report

Elon Musk insists AI will rescue the US from its £31tn debt burden, but experts at the Brookings Institution warn that technology alone cannot bridge the fiscal gap.

International Business Times UK

Elon Musk Backs Chamath's Bold AI Thesis: Universal High Income and Optional Work

Elon Musk and Chamath Palihapitiya see a future where AI and robots transform the economy, making work optional and enabling universal high income. Explore the potential impact on industries and the workforce.

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Mohammad Bagher Ghalibaf

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