The Latest Breaking News from Economy

'Today, the token economy is emerging': AI use in China increases 1000-fold with usage exceeding 140 trillion tokens a day

With AI token consumption rising dramatically since 2024, AI companies are adapting their pricing to be based on consumption.

TechRadar · Jul 10

Trump Appointed Kevin Warsh as the Federal Reserve Chairman. Now He's Assembling an AI Taskforce

Federal Reserve Chairman Kevin Warsh has assembled a new artificial intelligence task force whose members believe that AI has the potential to reshape the U.S. economy in ways that could benefit government and industry.

International Business Times · Jul 10

Govt defends ethanol blending, says programme saved Rs 1.9 lakh crore in forex

The government defends its ethanol-blended petrol program amid concerns. This initiative has significantly boosted the sugar economy and farmer incomes. It has also saved India substantial foreign exchange and reduced carbon emissions. Maize is now the largest feedstock for ethanol production, increasing farmer realization. Extensive research confirms E20 fuel is…

The Economic Times · Jul 10

Why better-off cities and towns see more benefits from data centers than rural regions

The fierce backlash against data centers shows no sign of easing up.

The Conversation · Jul 10

MPs call on UK government to host televised emergency briefing on climate crisis

As UK swelters in another heatwave, 50-minute Chris Packham film outlines threats to security, economy and health

The Guardian - UK · Jul 10

Why Burnham might be better off aligning with the US – not the EU

IN THE ROOM: Andy Burnham's proposal to fix the UK's dire economic situation is to devolve and cosy up to Europe – but the solution may lie elsewhere, argues Helen MacNamara. Reported by Maja Anushka

The Independent UK · Jul 10

Ships stop crossing Strait of Hormuz after US and Iran trade strikes

Tehran said transit through the vital shipping route has been blocked due to US military action

The Independent UK · Jul 10

The waiting game: Why the UK’s stablecoin moment is now

Global stablecoin market value exceeds three hundred billion dollars, dominated by US dollar denominations. The United Kingdom faces a strategic challenge to increase its presence in this evolving financial architecture. Stablecoins offer efficiency in cross-border payments and programmability for the AI economy. Risks exist but are manageable with appropriate regulatory…

The Economic Times · Jul 10

French economy minister on Spain's debt proposal: 'It's interesting'

French Economy Minister Roland Lescure reacts to Spain's proposal for a new joint EU debt instrument worth up to €850 billion, while warning of potential risks. "If one country transfers its debt to the whole community, that might be an incentive for that country to take on more debt," Lescure…

Euronews · Jul 10

Power giant NTPC seeks uranium assets overseas in nuclear push

India's largest power producer seeks overseas uranium mines for future nuclear capacity. NTPC plans to build thirty gigawatts of nuclear power over two decades. This move supports India's broader push to decarbonize its economy. The company is looking at assets in Canada, Australia, and Kazakhstan. This strategy addresses domestic fuel…

The Economic Times · Jul 10