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The Latest Breaking News from Economy

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.

The Conversation

Archaeologists found a hidden 1800s whisky distillery deep in the Scottish Highlands

Deep in the rugged landscape of Ben Lawers National Nature Reserve, archaeologists uncovered rare proof of Scotland's secretive whisky trade from the 19th century. They found an ‘An Gearradan,’ a copper alloy collar, which connected a still to its cooling equipment. Copper cost a lot back then, so finding this…

The Times of India

For 250 years, America didn't just invent the future — it built it. That connection is breaking. Here's how to restore it

As Fortune marks 250 years of American innovation, McKinsey leaders argue the country faces its most consequential reinvention test yet.

Fortune

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read the most diverse news in one place.

India can become world's AI skill capital if AI literacy doubles by 2030: IBM India MD

With the right investment in education and training, India is on track to emerge as the global hub for artificial intelligence skills by 2030. IBM India & South Asia's Managing Director, Sandip Patel, expresses optimism about this prospect, estimating that AI could inject over $500 billion into the country's economy.

The Economic Times

Why Modi is asking people in India to stop buying gold

The unusual appeal from the prime minister has a direct impact on India’s foreign exchange reserves as the economy grapples with energy crisis and declining currency value, writes Namita Singh

The Independent UK

AI could add over $500 billion to India's economy by 2030: Study

Artificial Intelligence promises to boost India's economy by over $500 billion by 2030. Indian business leaders are optimistic about AI's role in GDP growth. However, many companies are still in the pilot phase of AI adoption. Key challenges include cloud infrastructure, data quality, and a growing skills gap. India aims…

The Economic Times

Iran's economy is being tested by war, blockades and soaring inflation

Inflation has hit 54% and the rial has lost more than half its value, but Tehran insists it can hold out

Euronews

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Which European economies are growing the fastest in 2026?

The eurozone has slowed sharply, expanding just 0.8% year-on-year in the first quarter of 2026. Yet three economies are growing several times faster than the bloc as a whole.

Euronews

Stock Index Futures Gain as Tech Stocks Rebound, U.S. PPI Data and Trump-Xi Summit in Focus

June S&P 500 E-Mini futures (ESM26) are up +0.25%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.79% this morning, buoyed by gains in technology stocks, while investors gear up for crucial U.S. producer inflation data and the highly anticipated Trump-Xi summit.

Barchart

Tax cuts collide with inflation as voters weigh Trump's economy in the midterms

Voters in North Carolina face a tough economic choice. While tax cuts aim to boost incomes, rising prices for rent, food, and fuel are a major concern. This financial tug-of-war is shaping how people view the upcoming midterm elections. Candidates Roy Cooper and Michael Whatley offer contrasting economic visions.

The Economic Times

Trump shrugs off rising inflation as war deepens economic spiral

The bottom is falling out on Trump's signature issue.

Axios

'Rich Dad Poor Dad' Robert Kiyosaki warns global economy is about to crash in 2026, but says it will be a good news for those...

Robert Kiyosaki's latest warning: As India sharply raises import duty on gold and silver to 15%, precious metal prices are surging — and now Robert Kiyosaki’s latest warning about an economic crash is going viral online. The Rich Dad Poor Dad author says silver remains one of his best investments…

The Economic Times

'Forcing returns will lead to chaos in Syria,' foreign minister tells Euronews

Al-Shaibani held political discussion with the EU's top diplomat as the country looks for assistance to rebuild its economy. Kallas says Brussels can "accompany" transition but warns minorities must be protected.

Euronews

Trump in Beijing: How do the US and China compare as economic superpowers?

US President Donald Trump's visit to China this week comes as the rivalry between the world's two largest economies is increasingly shaped by economic competition, technological leadership and global influence.

Euronews

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MyLifeXP

Why Experts Fear India’s Toughest Economic Phase Yet

A single statement from banker Uday Kotak has suddenly sparked fear across India’s business and financial circles. “The shock is coming,” he warned while speaking about the growing Iran conflict and India’s dangerous dependence on imported oil. At first, it sounded like just another economic caution. But when India’s top…

The Independent UK

Soaring inflation and plummeting economy test Iran's ability to withstand war and US blockade

The struggles of Iran's economy are testing its ability to withstand the war and defy Washington’s demands

The Economic Times

Global Market: OECD sees Bank of Japan raising rates to 2% by 2027 amid inflation shift

Japan's central bank might increase interest rates to two percent by late 2027. This move signals confidence in Japan's economy moving past decades of low inflation. Stronger wages and consumer demand allow for gradual borrowing cost hikes. The Bank of Japan is also expected to reduce bond purchases. This shift…

The Economic Times

Gold jewellery to get costlier: Here's how much more you need to pay on your next purchase

India has significantly raised import duties on gold and silver. This move aims to reduce foreign exchange outflow and ease pressure on reserves. Buyers will face higher prices for jewellery. The government encourages domestic recycling and reduced reliance on imported gold. This policy change impacts consumers, traders, and the overall…

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MyLifeXP

Why Gold Prices May Rise Even More After Modi’s Warning

Gold is not just metal in India. It is emotion, tradition, security, and status packed into one shining investment. From weddings to festivals, buying gold feels almost natural in Indian households. But now, a serious warning from Prime Minister Narendra Modi has sparked a nationwide conversation. Why does the government…

Fortune

Ted Turner built the original infinite scroll. The attention economy is running on his playbook

The CNN founder, who died May 6 at 87, designed the open-loop content model decades before Facebook's algorithm. The man with the Midas touch.

The Independent UK

Most Americans blame Trump for worsening economy, new poll finds

IN FULL

The Economic Times

Global turmoil tests India’s resilience; time for a strategic economic pivot

India faces economic challenges due to global events. Prime Minister Modi urges careful resource use. The nation must boost foreign investment and cut imports to strengthen its economy. Focus on energy transition and attracting capital will build resilience. Targeted strategies can secure export growth and long-term strength.

The Economic Times

Global turmoil is India’s 'wake-up call' to cut import dependence: Piyush Goyal

India's Commerce Minister Piyush Goyal urges domestic industry to embrace self-reliance amid global challenges. He calls for increased productivity and better use of trade agreements. The minister emphasizes reducing import dependence to bolster the economy. He also highlights the potential of electric vehicles and advanced technologies like AI for growth.…

The Conversation

How the U.S.‑Israel war against Iran is exposing the limits of the petrodollar system

For the first time since the Second World War, excluding the COVID-19 pandemic, public debt in the United States has surpassed the entire economy’s GDP. As of late March, debt held by the public reached US$31.27 trillion, just ahead of the GDP of US$31.22 trillion.

The Economic Times

US Workers’ paychecks lose buying power for first time since 2022: What is crushing middle-class Americans despite rising wages and bigger paychecks running higher?

US inflation rose to 3.8% in April. That is the highest level since May 2023. American workers are now losing buying power again as rising prices move faster than paycheck growth. Real wages fell for the first time in three years. Gasoline prices surged 28.4%. Rent inflation accelerated sharply. Middle-class…

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