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The Latest Breaking News from Economy

Paper leaks are the symptom, the jobs gold rush is the disease

India's economy features a limited number of well-paying jobs and many low-wage positions. Young people pursue selective education and government roles, seeking better opportunities. This intense competition mirrors a gold rush, wasting significant human resources. The system's flaws, not just exam leaks, breed inequality and underdevelopment. Investing in universal, quality…

The Economic Times

Trump in Georgia: Ossoff, Democrats ‘want to let the Marxists into power’

President Donald Trump was in Georgia’s Cobb County on Wednesday, diving into one of the nation’s most closely watched political battlegrounds where Republicans are looking to flip a Senate seat in November. The president and the GOP were hopeful his remarks at what was ostensibly an official White House event…

Roll Call

Connecticut treasurer race centers on ESG investing

In this week’s edition of Economy and Society:

Ballotpedia

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Why we face economic contraction

I have a monumental task: convincing readers that Thailand's economy is performing poorly and is likely to contract this year.

Bangkok Post

Re-Engineering the Creator Economy inside the Machine Age

As the creator economy grows, AI-powered workflows are transforming how agencies and creators scale content. Khime Media is using artificial intelligence to streamline digital media operations and reduce reliance on manual processes.

International Business Times

Think you have a handle on how Australia’s economy works? Take the RBA’s quiz and find out

The Reserve Bank wants Australians to understand how its interest rate decisions affect inflation, employment and growth

The Guardian - AU

RBI sold $6.1 bn in May as oil weighed on the rupee and foreign inflows showed signs of revival: Bulletin

The Reserve Bank of India sold six point one billion dollars in May. This intervention occurred amid global market volatility and geopolitical tensions. India's external sector remains steady with improving foreign investment inflows. The domestic economy navigated uncertainties well, supported by strong demand. Foreign exchange reserves are comfortable, covering over…

The Economic Times

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Air India to launch non-stop Delhi-Toronto flights from August 1, deploy new Boeing 787-9

Air India will operate non-stop Delhi to Toronto flights starting August 1, 2026. This change will significantly reduce travel time by nearly three hours. Daily services will be restored, increasing frequencies to seven flights weekly. The airline is deploying its new Boeing 787-9 aircraft on this route. Bookings for the…

The Economic Times

JPMorgan CEO Warns UK PM Burnham Higher Bank Taxes Could Threaten $4B HQ Plans: 'I Would Be Very Cautious'

JPMorgan CEO Jamie Dimon warns higher financial sector taxes could hinder UK investment, impact plans for a new London HQ, and affect the broader economy.

International Business Times UK

After Argentina, Pakistan Reportedly Seeks $10 Billion US Backstop Facility to Bolster Fragile Economy

In a bid to strengthen its economy, Pakistan has reportedly sought a $10 billion exchange stabilization facility from the United States.

Benzinga

India must cut launch costs, boost local manufacturing to become world's third-largest space economy: DoT official

India is on a mission to become the world's third-largest space economy by the year 2033. This ambitious vision hinges on vital changes in policy and regulatory frameworks. Lowering launch costs and ramping up local manufacturing of materials are critical. Additionally, emphasizing satellite applications in the downstream sector is essential…

The Economic Times

Popular airline announces ‘game-changing’ new headrest for economy passengers

All A350 aircraft will have the U-Dream headrest installed by the end of 2026

The Independent UK

Why are central banks buying more gold? Here's what it means for the global economy

Central Banks and Gold: Central banks globally are buying gold at a record pace. This trend is driven by geopolitical risks and inflation concerns. Gold offers diversification and a hedge against currency devaluation. Many nations are also bringing their gold reserves home. This shift signals a long-term strategy for financial…

The Economic Times

UK inflation falls by more than expected to 2.6% in lift for Andy Burnham

Annual June figure comes after new PM pledges to reduce cost of living and improve economy

The Guardian - UK

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The Independent UK

Britain's new prime minister must solve the old riddle of how to reinvigorate a slow-growing economy

Britain’s new leader, Andy Burnham, is facing the same old problem: How can he kickstart a sluggish economy so that growing companies and increased output generate enough additional revenue to boost defense spending and pay for everything else voters want without raising taxes

The Times of India

Pakistan asks US for $10bn lifeline to shore up struggling economy: Report

Pakistan has asked the United States for a $10 billion exchange stabilisation facility in a bid to shore up its fragile economy, according to a source familiar with the matter, as Islamabad looks to ease pressure on its foreign exchange reserves and currency.

The Economic Times

Rupee rebound bets vanish as soaring crude blunts inflows

What makes the Indian currency more vulnerable than some of its Asian peers is the country’s reliance on imported energy and its ripple effect on the broader economy.

Barchart

India’s Private-Sector Banks Sold Off on NIM Fears. Ignore the Panic and Buy the Dip in HDFC Stock Here.

HDFC Bank fell over 10% on Monday. Despite net interest margin pressure from its post-merger transition, normalized net income has grown at a 19% CAGR since 2022. Trading at a decade-low valuation, the dip looks buyable.

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The Conversation

Manchester’s digital transformation could be a blueprint for other parts of the UK

Of the policy areas where Andy Burnham might claim a mayoral record worth nationalising, the digital and technology economy is among the strongest. It is also one that has drawn surprisingly little scrutiny.

The Guardian - AU

RBA now twice as likely to hike interest rates as US-Iran war drives fuel prices higher

Experts warn global energy market at a ‘critical juncture’ with escalating Middle East crisis expected to further drag on a slowing Australian economy

The Independent UK

The World Cup delivered $20 billion shot in the arm for US economy as host cities saw spending boom

Kansas City is among the destinations said to have benefited from the soccer tournament - but not every host saw the same boost

Barchart

Why Persistent Inflation Isn’t Enough to Prevent a Plunge in Gold Prices

As persistent inflation continues to drag on the global economy this summer, gold isn’t soaring to new heights. Instead, it is fading away.

The Conversation

A sharp fall in gas supplies in 2028 threatens South Africa’s economy: how to manage the fallout

South Africans are getting used to the term “gas cliff” as pressure ramps up for action to be taken ahead of expected gas shortages. Natural gas supplies from Mozambique’s Pande and Temane fields will begin to fall after 2028 as their production declines. The fields have supplied roughly 90% of…

International Business Times UK

'1,000% Going Bankrupt': Elon Musk Warns US Will Fail Without Robots

Elon Musk claims the US is '1,000%' headed for bankruptcy unless AI and robots turbocharge growth within three years, as America's $39 trillion national debt hits its highest level since World War II.

Euronews

Spain backs Hernández de Cos in first-ever bid for the ECB presidency, reports say

The Spanish government has chosen Pablo Hernández de Cos, general manager of the Bank for International Settlements and former Bank of Spain governor, as its candidate to succeed Christine Lagarde at the ECB.

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