UK economy shrank by 0.1% in April following impact of Iran war Rachel Reeves acknowledged that the war in the Middle East was hitting the economy The Independent UK · Jun 12
UK economy contracts for first time since last August The ONS said gross domestic product declined by 0.1% in April in a sharp pull back from growth of 0.3% in March and 0.4% in February. Evening Standard · Jun 12
UK economy shrank by 0.1% in April as Iran war held back growth GDP hit by higher energy prices caused by Middle East conflict, after 0.3% rise in March The Guardian - UK · Jun 12
Four Indians feature in Forbes’ top 50 most successful immigrants in America Four Indian-born business leaders, including Vinod Khosla and Naval Ravikant, have been recognized in Forbes' "America's Most Successful Immigrants" list. These entrepreneurs and investors have significantly contributed to the US technology and business sectors, with Khosla ranking highest at No. 14. Their inclusion highlights the vital role of Indian talent… The Economic Times · Jun 12
India must expand international trade ties to reach $30 trillion economy vision by 2047: Piyush Goyal Union Minister Piyush Goyal stated that India must expand international engagement to achieve its USD 30 trillion economy goal by 2047. He highlighted that developed nations' demographic challenges present opportunities for India's skilled workforce and that strategic partnerships will complement, not compete with, Indian industry. The Economic Times · Jun 12
Chaichanok to face grilling The opposition will join the House legal affairs committee next week to summon Digital Economy and Society Minister Chaichanok Chidchob to explain the controversial 1.6-billion-baht TH-AI Passport project, warning that it will seek an anti-graft investigation if the scheme proceeds. Bangkok Post · Jun 11
Argentina's inflation slows to 8-month low in a boost for President Milei Economic data has shown Argentina’s inflation slowing for the second straight month in May The Independent UK · Jun 11
Reframing the Congo Through Film: Infrastructure, Narrative Power, and Cultural Production at Scale Congo has been consistently defined in international discourse through instability and crisis framing, while its cultural and creative economy remains underrepresented and underdeveloped in global media systems. International Business Times · Jun 11
The high cost of undiagnosed and untreated ADHD: Unequal mental-health access and the care economy Attention deficit hyperactivity disorder (ADHD) is a common neurodevelopmental disorder that can persist from childhood into older adulthood. It impacts individuals from all ethnic groups and socioeconomic backgrounds. The Conversation · Jun 11
Ministry backs down in B1.6bn AI controversy The Digital Economy and Society (DES) Ministry says it plans to negotiate with the TH-AI Passport project provider to adjust contract details regarding the pay-per-use concept, in an effort to tamp down public criticism and ensure optimal benefits. Bangkok Post · Jun 11
'Bad to worse': productivity sinks to post-pandemic low Poor productivity is bedevilling the Australian economy, with levels heading in the wrong direction for Treasurer Jim Chalmers. AAP · Jun 11
India protecting industry from unfair trade practices of certain countries: Piyush Goyal India is committed to dialogue and cooperation to address global trade challenges. Commerce and Industry Minister Piyush Goyal stated that countries, including India, protect their domestic industries. India is working to safeguard its economy from unfair trade practices. The nation is also focused on promoting innovation and research, with ongoing… The Economic Times · Jun 11
Why Google is investing millions in electricians, welders and pipefitters in the age of AI Google is investing $50 million through Google.org to train over 300,000 American workers for skilled trades like electrical work and welding. This initiative aims to address the growing demand for physical infrastructure to support AI and cloud computing, highlighting the critical role of tradespeople in the digital economy. The Economic Times · Jun 11
The Economic Times · Jun 11 India to remain fastest-growing major economy at 6.6 pc in FY27, down from 7.2 last year: World Bank India will remain the world's fastest-growing major economy. Growth is projected to slow to 6.6 percent in fiscal year 2026-27. This moderation is due to higher energy prices and input costs. However, the economy is expected to rebound to 7.2 percent growth in fiscal 2027-28. Domestic demand remains robust, supporting…
The Guardian - AU · Jun 11 Labor MPs have been handed new talking points – revealing a growing concern about One Nation Labor and its trade union allies have shifted the focus of their rhetorical attacks, targeting Pauline Hanson as if she is the real opposition leader
The Economic Times · Jun 11 World Bank cuts global growth forecast to 2.5%; India seen growing 6.6% amid Iran war Global economic growth is set to slow to 2.5% this year. The World Bank attributes this to the Iran war, which has driven up energy prices and created uncertainty. Developing nations face a significant slowdown. While the US economy remains resilient, other countries are experiencing harder impacts. Disruptions in energy…
The Independent UK · Jun 11 Citing fallout from Iran war, World Bank cuts forecast for global economic growth The economic fallout from the Iran war — higher energy prices and increased uncertainty — will drag down global growth this year, the World Bank said Thursday
The Economic Times · Jun 11 ECB hikes interest rate by 25 bps, first since 2023 to tame Iran war inflation The European Central Bank raised its benchmark interest rate by a quarter point to 2.25 percent, marking its first hike since 2023. This move aims to combat accelerating inflation, driven by the Middle East war's energy shock, despite concerns for the struggling eurozone economy. The ECB also lowered its growth…
The Independent UK · Jun 11 UK economy expected to show signs of Iran war impact as fuel prices soar UK’s economy grew better than expected before the breakout of the Iran war
Fortune · Jun 11 While investors await the SpaceX IPO, these space stocks are already public, building an economy in Earth orbit and beyond In addition to rocket companies that launch payloads into orbit, others in the sector develop satellites and vehicles or provide space-based services like communications or imagery.
inkl · Jun 11 BCLC Projects Net Income to Surpass CAD $1.5 Billion by 2029 Amid iGaming Expansion The Klondike Gold Rush started in 1896 in Canada’s Yukon Territory, drawing in an estimated 100,000 prospectors from all around the world.
Euronews · Jun 11 ECB raises interest rates for the first time in three years as Iran war fuels inflation The European Central Bank has lifted its deposit facility rate by 0.25% to 2.25%, marking a decisive pivot back to tightening as the Iran war pushes eurozone inflation to its highest level in nearly three years.
Evening Standard · Jun 11 UK economy set to show Iran war impact in April from surging fuel prices Most economists forecast a 0.1% decline in output month-on-month – a marked reversal after the 0.3% growth seen in March.
The Guardian - UK · Jun 11 Young people in Britain are suffering a joblessness epidemic – and, so far, Labour is just making it worse Youth unemployment is harming the mental health of a generation. A sluggish economy will only make things harder, says Guardian columnist Larry Elliott