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The Latest Breaking News from Economy

$5 Trillion Crisis: New Study Warns Diabetes Will Devastate Global Economy by 2050

A study warns diabetes may cost the global economy over $5 trillion by 2050, highlighting its impact on productivity and growth across 190 countries.

Latin Times

Quote of the day by Lou Simpson: "Attempting to guess short-term swings in individual stocks, the stock market or the economy is not likely to produce consistently good results. Short-term developments are too unpredictable."

Legendary investor Lou Simpson emphasised that predicting short-term market swings is unlikely to yield consistent results due to inherent unpredictability. Focusing on long-term business fundamentals and patience allows for compounding wealth, rather than succumbing to emotional reactions driven by daily market noise. Successful investing involves managing uncertainty through discipline and…

The Economic Times

Reeves warns ‘now is not the time’ for change as rumours swirl about Labour leadership contest

Chancellor’s comments come at a fraught time for Sir Keir Starmer

The Independent UK

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UK household wealth tumbles, as taxes, food bills and rent costs bite

Latest economic growth figures could be the high point as consumers pull back spending

The Independent UK

Robert Kiyosaki Warns Governments Will Print More 'Fake Money' — Recommends Bitcoin, Gold, and Silver

Robert Kiyosaki warns about inflation and national debt threatening the US economy, criticizes the Federal Reserve, and recommends investing in gold, silver, and cryptocurrencies for protection.

International Business Times UK

Leadership rules should ‘not be tweaked’ to let Burnham run for PM, Labour NEC member says

Burnham’s backers understood to be lobbying Labour’s NEC who warn against Wes Streeting ‘coronation’

The Guardian - UK

India rupee slips to record low near 96 per USD as energy risks deepen

The Indian rupee hit an all-time low, driven by high oil prices and portfolio outflows straining the economy. Policymakers are considering tax reductions for foreign investors on bonds to attract dollar inflows. Persistent balance of payments deficits and rising wholesale inflation signal ongoing rupee weakness.

The Economic Times

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Reeves warns against risks to economic stability after surprise March growth

The Chancellor’s comments came amid a possible leadership challenge against Prime Minister Sir Keir Starmer.

Evening Standard

Rachel Reeves suggests if it ain’t broke, don’t fix it – as fight to keep her job goes on

The GDP boost has raised the chancellor’s prospects for staying in post, whoever wins the Labour leadership battle

The Guardian - UK

UK economy records strongest quarterly growth in a year as GDP increases by 0.6%

IN FULL

The Independent UK

Rachel Reeves pleads with Labour MPs not to topple Keir Starmer after surprise 0.6% jump in GDP

The rise in economic growth was stronger than expected by the City but markets have been hit by the turmoil at the heart of Government

Evening Standard

UK economy records strongest quarterly growth in a year

Gross Domestic Product increased by 0.6% between January and March, the Office for National Statistics said.

Evening Standard

Reeves seizes on surprise UK growth as evidence Labour leadership must stay

Chancellor says ‘now not the time to put economic stability at risk’ as ONS records 0.3% growth in first month of Iran war

The Guardian - UK

Reeves warns against risking economic stability with leadership battle, after UK growth beats forecasts in March – as it happened

Chancellor warns against plunging the country ‘into chaos’ with leadership battle, after economy grows at fastest pace in a year in Q1 2026

The Guardian - UK

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The Economic Times

Preparing for Rupee at 100: What does it mean for the economy and your stock market investments?

The Indian rupee is nearing the Rs 100 per dollar mark, driven by rising crude oil prices and foreign investor outflows. This depreciation fuels imported inflation, complicates RBI policy, and creates uneven impacts across equity sectors. Investors are advised to focus on resilient businesses as currency volatility persists.

The Economic Times

Samsung Electronics urges union to resume talks as strike threat looms

Samsung's labour union has rejected a call to resume pay talks, demanding transparency in the company's bonus scheme. A threatened 18-day strike looms if demands aren't met, with the government urging both sides to negotiate to protect South Korea's vital chip export economy.

The Economic Times

'Too much Vishnu': Banker Uday Kotak says India needs more of Brahma and Mahesh to become a powerful economy

Veteran banker Uday Kotak urged India to embrace innovation and disruptive thinking to become a powerful economy, warning that excessive focus on preservation could hinder its rise. He emphasized the need for more creation and destruction, akin to Brahma and Mahesh, to drive economic change in a world increasingly defined…

International Business Times

U.S. College Graduates Are Entering a 'Low-Hire' Economy With Fewer Openings, Report Details

The national unemployment rate sits near 4.2%, but a new report describes a labor market that looks healthy from the outside but feels broken to many people trying to enter or reenter it.

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The Economic Times

US Senate confirms Kevin Warsh as Federal Reserve chair, following Jerome Powell

Kevin Warsh is now the new head of the Federal Reserve. He takes charge at a difficult economic time. Inflation is high and gas prices are rising. The Fed faces internal disagreements. President Trump has pressured the Fed for lower interest rates. Warsh promises independence. He faces challenges in managing…

Axios

Kevin Warsh confirmed to lead Federal Reserve

He becomes Fed chair at a moment of resurgent inflation, public discontent with the economy and attacks on the central bank's independence.

The Times of India

Top 10 countries with the most gold in 2026: USA tops, China and India lead the global rankings

Gold is amongst the safest forms of investment in the world as it serves as an insurance instrument against inflation, foreign exchange risks, and political instability. It is very usual for the foreign exchange reserves of a country to have some quantity of gold in them. According to the figures…

International Business Times UK

$5 Trillion Crisis: New Study Warns Diabetes Will Devastate Global Economy by 2050

A study warns diabetes may cost the global economy over $5 trillion by 2050, highlighting its impact on productivity and growth across 190 countries.

The Economic Times

There's more to Uber’s India data centre bet than meets the eye

Uber is setting the stage for its first-ever data center in India through a strategic alliance with the Adani Group. This development not only accentuates India's pivotal role in the global tech arena but also highlights the significance of local data processing and artificial intelligence. For Uber, this venture paves…

The Guardian - UK

‘Build it and they will come’: the hopes new life for former lido will revive Weston-super-Mare

Council has voted to lease the Tropicana to entertainment company Live Nation which plans to turn abandoned space into events venue

The Conversation

Brazil, Russia, India, China and South Africa: how they stack up on reusing waste

The global economy still largely follows a simple pattern: extract natural resources, manufacture products, use them and then throw them away. This “take, make, dispose” model has driven economic growth for decades. But increasing use of resources has also damaged the environment, contributing to climate change, biodiversity loss and pollution.

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