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The Latest Breaking News from Economy

Trump's 'Oligarchic Friends' Gain $210B In a Day: Bernie Sanders Says the Economy Is 'Insanely Rigged'

Senator Bernie Sanders criticises the wealth surge of tech billionaires, highlighting economic struggles faced by American families amid inflation and poverty.

International Business Times UK · Jun 18

Top civil servant defends TH-AI Passport project

The Ministry of Digital Economy and Society has strongly defended the controversial TH-AI Passport project, rejecting allegations of procurement irregularities, bid-rigging and political favouritism.

Bangkok Post · Jun 18

Bank of England holds main interest rate at 3.75% as Iran war inflation pressures ease

The Bank of England is holding its main interest rate at 3.7% as the inflation pressures on the British economy have become more benign after the U.S. and Iran signed a deal to sign deal to end their war

AAP · Jun 18

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Bank of England holds main interest rate at 3.75% as inflation pressures eases

The Independent UK · Jun 18

Bank of England governor warns UK public to expect higher costs this year

Andrew Bailey says ‘inflationary pressure in pipeline’ despite US and Iran signing initial peace deal as interest rates kept on hold

The Guardian - UK · Jun 18

Americans are spending $800 just to cool their homes. We are at a breaking point

While the stock market booms for the rich, cost of living is soaring for everyone else

The Guardian - US · Jun 18

Qantas plans a 22-hour London-Sydney nonstop flight, set for October next year

Qantas Airways plans to launch the world’s longest direct flight next year, a service of up to 22 hours nonstop between London and Sydney

The Independent UK · Jun 18

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Gig workers are endlessly exploited. AI could make more of us share their fate

As companies integrate AI and hire fewer employees, a shift toward a ‘gig economy’ will commence

The Guardian - US · Jun 18

Bank of England leaves interest rates on hold and lowers inflation forecast amid Middle East ‘uncertainty’ – as it happened

Rolling coverage of the latest economic and financial news, including the latest UK jobs report and the Bank of England’s interest rate decision

The Guardian - UK · Jun 18

Newsletter: Zelenskyy in town for talks with NATO and EU leaders

Also in this newsletter: Former US commander general Ben Hodges reacts to the signing of the US-Iran peace deal, and former French Economy Minister Bruno Le Maire tells Euronews the EU needs to function as a core group of six.

Euronews · Jun 18

China seeks to rein in 'unfair' food delivery competition with new rules

China is seeking to crack down on 'unfair' competition among food delivery platforms by introducing new rules to limit subsidy campaigns that regulators say harm the economy. "These practices harm the interests of merchants operating on the platforms, delivery drivers and consumers, squeezing the real economy," the SAMR said.

The Economic Times · Jun 18

Makerfield by-election: Could Andy Burnham be Labour's lucky general as he marches on No10?

The economy may pick up, NHS waiting lists fall further and immigration be partly defused as a political issue

Evening Standard · Jun 18

The onshore gateway to global capital

India's economy is set to grow significantly, but its global market presence lags. GIFT IFSC is building infrastructure to bridge this gap. Indian households can now invest in global markets through a regulated route. This offers tax and regulatory advantages. The platform facilitates easy access to international exchanges for retail…

The Economic Times · Jun 18

Inside Europe's most innovative companies 2026

From semiconductors powering the AI boom to 360-year-old manufacturers adapting to the green economy,  here are the organizations driving the European economy forward.

Fortune · Jun 18

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France 24 · Jun 18

Raul Castro backs sweeping Cuba reforms to revive struggling economy

Cuba's former president Raul Castro on Wednesday backed sweeping economic reforms proposed by the government to revive the crisis-hit economy amid a longstanding US embargo. The measures would expand private investment, attract capital from Cubans abroad and reduce the state's role, with lawmakers expected to approve key changes this week.

AAP · Jun 17

Federal Reserve policymakers show support for rate hikes as Warsh reins in guidance

The Federal Reserve kept its key rate unchanged Wednesday yet nearly half the central bank's policymakers said they could support a rate hike later this year, an unexpectedly aggressive outcome that would disappoint President Trump and suggests heightened concerns about persistent inflation

Euronews · Jun 17

Fed keeps rates unchanged but signals possible hike this year

The Federal Reserve left interest rates unchanged at its first policy meeting under chair Kevin Warsh, but nearly half of policymakers signalled they could support a rate hike later this year as inflation remains elevated.

Bangkok Post · Jun 17

Government presses ahead with fraught AI plan

The determination of rookie politician Chaichanok Chidchob, Minister of Digital Economy and Society (DES), to push ahead with the TH-AI Passport scheme by granting premium AI access to five million Thais with a budget of 1.6 billion baht has backfired, turning the initiative into a new political flashpoint for the…

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Ballotpedia · Jun 17

Federal prosecutors subpoena banks over alleged closure of accounts

In this week’s edition of Economy and Society:

Fortune · Jun 17

One of the most powerful El Niños on record cost the world economy $5.7 trillion. The 2026 cycle might be even stronger

El Niño is here. Prepare for higher food prices, throttled trade, and a “systemic shock” to the world economy.

The Economic Times · Jun 17

France's OVHcloud plans frontier AI models to become Europe's second LLM player

OVHcloud aims to build advanced AI models. This move positions the European cloud provider as a competitor to Mistral. The company seeks to offer alternatives to US and Chinese AI systems. OVHcloud CEO Octave Klaba stated the firm must master this technology for its future. The economics of developing these…

Euronews · Jun 17

Germany and Poland sign new defence deal as balance of power in Europe shifts

Poland’s importance as a logistics hub for Ukraine, alongside its growing economy and heavy defence investment, has made it a compelling partner for Germany and other core European countries.

The Conversation · Jun 17

Before banks, nuns lent money: how convents helped power medieval Vienna’s economy

Retirement planning might seem like a thoroughly modern concern, with pensions, investments and annuities forming part of today’s financial toolkit. But these financial tools are much older than they appear. In the later Middle Ages, people were already exchanging lump sums for steady income streams – and, in cities like…

The Guardian - AU · Jun 17

The bleak view that unemployment needs to rise shows the RBA acts firstly in the interests of companies, not workers

The Reserve Bank governor has made clear the cash rate has been increased not to reduce inflation but to make it harder to bargain for higher wages

AAP · Jun 17

China Shock 2.0: Surging Chinese exports threaten Europe's economy, raising concern at G7 summit

For eight years, the United States has waged economic war on China, slapping big taxes on Chinese products before they enter America

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