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The Latest Breaking News from Economy

‘It’s like we went bankrupt overnight’: poorest Somalis suffer as piles of worthless shillings mount up

Banknotes are now so tattered that even buses refuse to accept them, as a dollarised economy and mobile phone payments push up the cost of essentials

The Guardian - UK

Why PM Modi Suddenly Wants Indians to Work From Home

As fuel prices rise and tensions in West Asia continue to grow, Prime Minister Narendra Modi has made an unexpected appeal to Indians work from home whenever possible, avoid unnecessary travel, and use fuel carefully. For many people, it sounded like a reminder from the Covid era. But behind this…

MyLifeXP

Practical Steps Drivers Can Take After a Commercial Truck Accident

For those individuals who have encountered the need to transport commercial trucks through their economy, this area is an important aspect of the American economy.

inkl

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Cape Verde bets on tech to reverse postcolonial brain drain

African archipelago hopes startups, digital infrastructure and diaspora investment can transform its economy

The Guardian - UK

Charting the global economy: US job growth exceeds projections

US employers added more jobs than expected for a second month. Germany's industrial output declined again. Australia's central bank raised interest rates for a third consecutive meeting. These events highlight varied global economic performance.

The Economic Times

Venezuelan Victims of Socialism Are Using RuneScape To Make Money

Venezuelan players mine in-game resources and turn hours of gameplay into dollars or cryptocurrency.

Reason

Why Some SUVs Are Becoming More Popular Than Sedans

There was a time when sedans dominated the roads. They were considered stylish, practical, and ideal for both city driving and long journeys. Many families dreamed of owning a sleek sedan because it represented comfort, success, and modern living. Today, however, the automobile market looks very different. SUVs are now…

MyLifeXP

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'He feels like that's more fulfilling than doing summer school at some fancy college': Ford CEO says his Gen Z son is choosing hands-on work

Jim Farley told Fortune that we're still only in the "second or third inning" of solving the shortage of blue-collar workers in the essential economy.

Fortune

India must leverage its digital verification architecture to evolve into a trust-based economy

India faces a low-trust economy with high friction, exemplified by complex KYC norms. Finance Minister Nirmala Sitharaman highlighted this issue. The nation must shift towards a trust-based system by rewarding responsible conduct. Leveraging digital infrastructure like Aadhaar and UPI offers a path to reduce friction and build trust. This transition…

The Economic Times

If You Want to Know How Much Inflation Has Really Hurt U.S. Consumers, Skip the CPI and Study Big Mac Burger Prices

This analysis explores the gap between official core CPI and real-world costs using the Big Mac as a constant. Hedonic adjustments create a statistical illusion of growth while masking a long-term decline in purchasing power.

Barchart

19 States Are Raising Minimum Wages in 2026—Here’s How It Impacts Women

The minimum wage landscape is shifting again in 2026, with 19 states implementing increases that will directly affect millions of workers. While these changes touch many households, women—especially those in lower-paying industries—stand to experience some of the most significant impacts. From retail and hospitality to caregiving roles, women make up…

Budget and the Bees

Stripe CEO says a wave of token theft is wreaking havoc on the AI economy

Patrick Collison warned that token theft is so rampant many AI startups will have to stop offering free trials.

Fortune

Two Americas, one drive-thru: Welcome to fast food's contradictory, split-screen economy

From McDonald's to Papa John's to Wingstop, Q1 earnings are painting a portrait of a nation sorting itself into winners and losers at the drive-thru window.

Fortune

"Affordability hoax" could doom Trump

A stagnant economy and a crisis in Iran doomed one president. Donald Trump could be next

Salon

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The Economic Times

RBI likely to hold rates in June: HSBC

The Reserve Bank of India faces a tough choice in June. Economists predict no interest rate changes as the economy deals with rising energy costs and unpredictable weather. The RBI must balance fighting inflation with keeping economic growth strong. Any rate hikes are likely delayed until global supply chains stabilize…

TechRadar

Can we tax the robots?

If AI replaces workers, who carries the social contract?

Fortune

AI is quietly splitting the housing market in two: Bay Area luxury homes are up 13%, affordable ones are collapsing

“It’s another sign of the K-shaped economy taking shape in the Bay Area,” said Redfin senior economist Yingqi Xu.

The Economic Times

AI boom keeping markets elevated despite geopolitical noise: Mark Matthews

Financial markets are increasingly prioritizing artificial intelligence-driven growth and corporate earnings over geopolitical tensions, according to Mark Matthews. He highlights extraordinary earnings, particularly in tech, fueling market highs despite Middle East uncertainty. Matthews also sees India as attractive due to improving valuations and continued FII buying.

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Euronews

From the economy to culture: What makes Europeans proud?

Renaissance art in Italy, democracy in Sweden and people in Spain... Europeans define national pride in unique ways.

The Economic Times

Recove signs MoU with Maharashtra to develop recycling ecosystem

The company aims to build a comprehensive circular economy ecosystem, starting with a Rs. 35 crore facility in Jalgaon processing 1,100 tonnes of plastic monthly.

The Independent UK

Lower speed limits could help stop Iran war damaging UK economy, think tank says

Inflation could soar and conflict in the Middle East could cost the Treasury £8bn a year, new modelling indicates

TechRadar

AMD's CEO predicts 'higher memory and component costs' later this year — so brace yourself for Radeon GPU price hikes

Following Lisa Su's revelation, a disgruntled Redditor predicted: 'The RAM economy will permanently change and data centers will be a nuisance for the rest of recorded time'.

The Independent UK

Trump has a ‘nuclear option’ to bring down gas prices - will he use it and will it work?

The national average cost for a gallon of gas stood at $4.53 Wednesday - up from $2.98 two days before the conflict erupted February 28

Evening Standard

London local elections 2026: What are the parties promising in Kingston?

All 48 seats on Lib Dem-run Kingston Council will be up for grabs across the 19 wards in the borough

The Independent UK

Gas price surge hits lower-income Americans the hardest, research shows

This trend has exacerbated existing economic disparities across the nation

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