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The Latest Breaking News from Economy

'We Cannot Choose to Become Idiots': Brown Professor Exposes AI Cheating After In-Person Exam Scores Plunged 50%

Brown University professor Roberto Serrano uncovers AI-assisted cheating in his class, revealing a significant drop in exam scores when moving from take-home to in-person exams.

International Business Times UK · Jul 9

Blind professor catches massive AI cheating scandal at Brown University, says it should be a wake-up call after scores drop from 100 to 48

Brown University professor Roberto Serrano allowed the students to take their midterm exam at home, as the shock of the December 13 shooting at the university was still there. Serrano has been teaching at the Ivy League University for 34 years and it was for the first time that he…

The Times of India · Jul 9

India wants to lead, not just host, GCCs: Nirmala Sitharaman

India aims to lead global capability centres and the world's knowledge economy. The nation now hosts over half of the world's GCCs, which is significant. India's focus shifts from scale to enabling innovation and shaping future technologies. Enterprises are prioritizing innovation and long-term competitiveness over cost reduction. The government is…

The Economic Times · Jul 9

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Nvidia, Alphabet May Have a 5-Year Problem — S&P 493 Margins Aren't Budging

The AI trade has been built on a powerful assumption: AI won’t just supercharge Big Tech earnings — it will eventually lift profitability across the entire economy.

Benzinga · Jul 9

Helldivers 2 targets Super Credit cheaters with "radically improved" tools, but not everyone's on board with Arrowhead's announcement

A win for the community or for Arrowhead?

GamesRadar · Jul 9

I drove the Toyota Prius and Hyundai Elantra Hybrid for a week — here's the hybrid I'd actually buy

In a battle for the fuel economy crown, I drove the Toyota Prius and Hyundai Elantra Hybrid for a week each to find out which hybrid car you should buy.

Tom’s Guide · Jul 9

Nissan Tekton Launched in India at Rs. 10.49 Lakh : Price, Mileage & Features

The official launch of its new car Nissan Tekton, Nissan has entered the competitive mid-sized SUV category in India. Priced starting from Rs. 10.49 lakh, The SUV equipped with two turbo petrol engines, high-tech features, Level 2 ADAS and a 5-star BNCAP crash safety rating.It is powered by two turbo…

MyLifeXP · Jul 9

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The Economics Behind Buying, Renovating, and Reintroducing Homes Into Competitive Housing Markets

Every renovated home that comes back on the market represents a series of financial decisions that started long before the first wall got painted. Someone found a property most buyers overlooked, saw what it could become, and put real money behind that judgment.

inkl · Jul 9

The darkside of 10-minute delivery: Inside India's quick commerce revolution

India’s rapid-delivery apps have transformed everyday life in its biggest cities, promising almost anything at your doorstep in 10 minutes or less. But behind the convenience lies a fast-growing gig economy that is reshaping jobs, wages and expectations for millions of young Indians. Supriya Kumar and Sacha Desmaizières report.

France 24 · Jul 9

Hormuz & Iran war can slow India down but not hold it back

Despite the Iran war, Strait of Hormuz risks and elevated crude oil prices, the IMF expects India to remain one of the world's fastest-growing major economies. Strong consumer spending, booming automobile sales, rising FMCG demand, resilient services and robust domestic consumption are helping shield India's economy from global shocks and…

The Economic Times · Jul 9

Grattan on Friday: AI’s opportunities and risks front and centre on Albanese government’s agenda

If you are feeling financially depleted personally, and pessimistic about the economic outlook generally, figures released this week won’t cheer your mood.

The Conversation · Jul 9

The Amazon is the world's largest river, yet not a single bridge crosses its main channel

Stretching across the heart of South America, the Amazon River is the largest river on Earth by water discharge and one of the planet's most extraordinary natural systems. It flows through vast tropical rainforests, supports unrivalled biodiversity and sustains millions of people. Yet despite spanning more than 6,400 kilometres (4,000…

The Times of India · Jul 9

Rising with pricing: Corporate revenue growth likely held firm in the first quarter, riding out the tempest

Corporate India's revenue reached a two-year peak in Q1, propelled by significant price hikes. The domestic market drove growth in key sectors such as automobiles and FMCG, accompanied by robust volume increases. Strong export performance, especially in electronics and IT services, further boosted the economy. Yet, soaring input costs greatly…

The Economic Times · Jul 9

India's richer middle class is living a more dollar-linked life while earning in rupees

Dollar spending India: The country's expanding middle class now spends more on foreign goods and services. International travel and overseas education are becoming regular annual expenses for many families. Digital subscriptions, AI tools, and imported electronics also contribute to this growing dollar demand. While oil imports remain the largest driver,…

The Economic Times · Jul 9

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International Business Times UK · Jul 9

How Russia's Wartime Economy Is Fueling Public Frustration With Putin

Russia's economy faces strain with fuel shortages and rising inflation, affecting households and businesses amid ongoing conflict in Ukraine.

The Conversation · Jul 9

How a nationwide Telstra outage rocked the Australian economy – and what we can learn

On Wednesday morning, Telstra’s mobile network suffered a major outage, leaving thousands of Australians unable to make phone calls or access data.

Times Life · Jul 9

5 Lesser-Known Wildlife Sanctuaries in India Where Real Solitude and Wilderness Still Exist

Dampa Tiger Reserve, MizoramDampa sits in the far west of Mizoram, sharing a border with Bangladesh, and receives a fraction of the footfall that Kaziranga or Corbett pulls in any given weekend. The reserve covers roughly 500 square kilometres of semi-evergreen and moist deciduous forest, and tigers are present, though…

Bangkok Post · Jul 8

Second phase of AI project is shelved

The Digital Economy and Society (DES) Ministry has shelved the second phase of its ambitious TH-AI Passport project, calling it a "strategic internal decision" to evaluate demand and the first phase.

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Barchart · Jul 8

Beyond the War Premium: How Strategic Reserves Create a New Floor for Oil Prices

Oil pricing is a balance of two curves. Bears look only at stagnating demand, ignoring depleting cheap reserves and soaring capex. Meanwhile, geopolitical risks are sparking a boom in strategic storage.

Evening Standard · Jul 8

Andy Burnham becomes Prime Minister on Monday: How will it actually happen?

The former mayor of Manchester was officially declared Labour Party leader on Friday

Bangkok Post · Jul 8

Twin deficits spell trouble for economy

I do not enjoy holding views that differ from those of others. It is never comfortable to be the odd one out because I have to defend my analysis vigorously and, at times, endure ridicule from my peers.

Ballotpedia · Jul 8

Labor Department submits revised ESG rule to White House

In this week’s edition of Economy and Society:

The Economic Times · Jul 8

Can India's colonial-era state power an AI-driven economy?

India's state structure, designed for control, faces challenges in the current dynamic technological era. Prime Minister Modi's government has improved welfare delivery and infrastructure development significantly. However, future progress requires greater state risk-taking and unleashing entrepreneurial capabilities. Industrial policy's comeback necessitates substantial financial support and performance-based promotion for firms. Adapting…

AAP · Jul 8

Economy caught between an oil shock and an AI boom

The AI boom will offset the negative effects of the Middle East war, but if the bubble pops Australia's economy could be exposed to a correction, a report says.

Euronews · Jul 8

IMF forecasts modest growth for Italy, cuts estimates for France and Germany

The IMF has also lifted its 2026 global inflation forecast to 4.7%, citing rising energy and commodity prices and risks from tensions in the Middle East.

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