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The Latest Breaking News from Economy

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.

International Business Times UK

Where's the doctor's note? Germany tightens workplace rules, no more sick leaves over call or text

Germany is tightening its sick leave policy, requiring a doctor's note from day one of illness, a move Chancellor Friedrich Merz believes will boost the economy. Previously, employees enjoyed up to six weeks of paid sick leave per illness. This reform, alongside increased retirement age and flexible hiring, aims to…

The Times of India

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Cathie Wood Calls June Jobs Report 'Weird' and 'Very Distorted' As Wall Street Says the Payroll Miss Doesn't Add Up

The U.S. economy added just 57,000 nonfarm payroll jobs in June, falling sharply below expectations prompting ARK Invest CEO Cathie Wood to call government statistics “very distorted.” As Wall Street analysts label the print “misleading” due to anomalies like job losses during the World Cup, both investors and economists are…

Benzinga

Organized crime is building an AI hardware cargo theft economy: 'The economics have become just crazy from the criminal opportunistic perspective'

Cargo theft was a $725 million problem in 2025, with electronics making up 22%, by some estimates, and there’s a particular AI thirst.

Fortune

Trump Wants the US Economy Growing at Over 12% and Says the Fed Keeps Trying To 'Kill It' With Higher Rates

President Donald Trump has advocated for more flexibility in the Federal Reserve’s approach to interest rates and economic growth.

Benzinga

The World Bank has elevated Vietnam and the Philippines to upper-middle-income status—but now they face 'a far more demanding phase of development'

Both countries must now escape the middle income trap that has stalled several of their Southeast Asian peers.

Fortune

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The 'little boy' in the Pacific, India's monsoon and the big test ahead

India's crucial monsoon season has begun sluggishly, with a significant rainfall deficit raising concerns for the farm economy. Delayed sowing of key crops like rice and oilseeds is evident, particularly in central India. The strengthening El Niño phenomenon adds to the uncertainty, potentially impacting food inflation, agricultural exports, and imports.…

The Economic Times

AI fatigue takes centre stage as Fed fears ease: Ed Yardeni

Market strategist Ed Yardeni suggests corporate earnings, geopolitical stability, and the evolving AI trade are now overshadowing the Federal Reserve's influence on equities. Investors have largely adjusted to higher interest rates, with inflation easing and the economy showing resilience. Yardeni notes "AI fatigue" is leading to sector rotation, but believes…

The Economic Times

How South Koreans donated 227 tonnes of gold to rescue their economy after the 1997 IMF bailout

When South Korea was plunged into one of the worst financial crises in its modern history, the government turned to the International Monetary Fund (IMF) for what was then the largest bailout package ever approved. Yet one of the country's most remarkable responses did not come from financial markets or…

The Times of India

India’s space industry hunts for its SpaceX moment

India's private space sector is rapidly advancing, with a space unicorn poised for launch and startups developing cutting-edge satellites. Prime Minister Modi's initiative to open the industry is fostering innovation, attracting significant funding, and even drawing interest from billionaires like Mukesh Ambani. Despite challenges, the momentum is strong, with companies…

The Economic Times

'Just about everything we need': Trump claims Iran has accepted nearly all US conditions

US President Donald Trump claimed Iran has accepted nearly all American demands in ongoing nuclear talks. He asserted that US military strikes have completely devastated Iran's armed forces and economy, leaving the nation in a severely weakened position while Washington maintains total control over the diplomatic negotiations.

The Economic Times

How the Skincare Industry Sells You More Products Than You Need and How to Push Back

The Ten-Step Routine Was Never About Your SkinThe average Indian woman in her twenties owns more skincare products than she will finish in two years. That is not a coincidence. The ten-step routine, popularised by Korean beauty marketing and amplified by Indian influencers, was never a dermatological recommendation. It was…

Times Life

We blew up Iran's radar: Trump says US carried out strikes on Iran for 3 consecutive days

US President Donald Trump revealed American forces conducted strikes on Iran for three consecutive nights, targeting radar systems in response to attacks on commercial shipping. He asserted the US Navy's blockade effectively prevented any ships from reaching Iran, severely weakening its economy. Trump also detailed how the US quietly escorted…

The Economic Times

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The Conversation

We can’t entirely blame COVID vaccine mandates for lower vaccination rates today. It’s not that simple

Childhood vaccination rates have slumped globally. In several countries, people are more hesitant about getting vaccinated. Populist political actors promote distrust of government and scientific institutions. And the disinformation economy means we can’t agree on the facts behind policy debates.

The Economic Times

RBI tells parliamentary panel that virtual digital assets like cryptocurrency a threat to economy

The Reserve Bank of India has informed a parliamentary panel that virtual digital assets like cryptocurrency pose a threat to India's developing economy and should not be legalized. Citing concerns over potential use in illegal activities such as terror funding and drug smuggling, the central bank highlighted the difficulty in…

International Business Times

Fed Chair Kevin Warsh Is Betting On AI. He Says The Revolution Is Just Getting Started.

Federal Reserve Chair Kevin Warsh said the United States is likely to be a "big winner" from artificial intelligence, describing the technology as a structural shift in the global economy.

Fortune

Putin is pushing Russia into an 'economic, political, and military abyss,' think tank says

Putin built an economy based on “military Keynesianism” to survive the war in Ukraine. It’s showing signs of fatigue.

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International Business Times UK

'We Can No Longer Afford This': Germany's Sick Leave Crackdown Sparks Backlash Over Day One Doctor's Note Rule

Germany's Chancellor Merz announces a comprehensive economic reform package, including changes to sick leave, tax relief, and pension adjustments, aimed at revitalising the economy.

The Independent UK

Half a million dead but just 40sqkm gained in six months: Impact of Putin’s devastating war in numbers

IN DEPTH: Russia’s advances in eastern Ukraine are slowing and hundreds of thousands of troops have been killed. As Kyiv seizes the upper hand, Alex Croft looks at the data that shows why Moscow is struggling

International Business Times

The Economy Added Fewer Jobs Than Expected. It Could Be a Boon For Wall Street

Stocks, however, reversed gains on Thursday after the latest job report showed a decline in hirings in June.

Barchart

A Longlasting Russia-Ukraine War Creates a Catalyst to Buy AeroVironment Stock Now

While the big takeaway for AVAV stock has been AeroVironment’s blistering earnings performance, the drone maker also enjoys a geopolitical tailwind.

Euronews

Germany's Merz announces sweeping reforms: Tax cuts, pension overhaul and new sick leave rules

After seven hours of talks, the CDU/CSU-SPD coalition agreed on sweeping tax, labour and pension reforms, a breakthrough aimed at reviving the struggling economy and countering the rise of the far right.

Fortune

How Paramount’s theater commitments could boost local economies across the nation

A proposed Paramount–Warner Bros. tie-up is drawing antitrust scrutiny, but we see a surge of up to $20 billion in annual economic activity.

inkl

How Digital Entertainment is Growing and Changing Across the USA

As the global economy becomes increasingly digitized, the American entertainment sector exemplifies that shift. Home and mobile streaming dominates over TV and movies. Online casino gambling is increasingly eating away at big tribal casinos and Las Vegas-based gambling operators. All brands now have some kind of digital presence, often in…

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