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The Latest Breaking News from Economics

Why a Kanjeevaram Silk Saree Is the Only Fashion Investment That Actually Gets Better With Age

The loom has been running for six hundred yearsThe weavers of Kanchipuram, a town about 75 kilometres southwest of Chennai, have been at this since at least the 15th century. The silk comes from Bangalore. The zari, real zari, in the traditional weave, is silver wire coated in gold, wound…

Times Life

Reliance Retail details blueprint to double operating EBITDA in three-year plan

Reliance Retail plans to double its operating EBITDA over three years. The strategy involves aggressive scaling and refined unit economics for profitability. Fiscal year 2027 focuses on online capability scaling and operational discipline. Later years will emphasize value conversion and higher-margin private labels. Sophisticated monetization and capital strictness will drive…

The Economic Times

AI agent economics to shape next phase of enterprise GenAI adoption; 60% of agentic AI costs go to response refinement: McKinsey

As generative artificial intelligence (Gen AI) moves beyond experimentation into enterprise-scale deployment, business leaders are increasingly grappling with the economics of AI agents rather than the technology itself, according to a new McKinsey report.

The Economic Times

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SpaceX Is Back at Its IPO Price. Here Is When I Would Buy It.

SpaceX is finally getting interesting, but I would wait for stronger Starlink economics, lockup-driven selling and a price closer to $100 before buying.

Barchart

Why this summer's heatwaves could raise your supermarket bill next year

While food inflation has eased across the eurozone, economists say this summer's extreme heat is now a bigger threat to next year's supermarket prices than the recent Iran war, as damaged harvests could outweigh the fading impact of higher oil and fertiliser costs.

Euronews

Bill Ackman Warns of China ‘Super Intelligence’ Threat — 'Our Country And Democracy Will Be at Risk'

Billionaire investor Bill Ackman is sounding the alarm on what he sees as a rapidly escalating technological arms race with China, warning that the stakes could extend beyond economics into national security and democratic stability.

Benzinga

7 accessible reads about building a fairer economy

Recently, a group of high-profile economists wrote a piece for The Guardian about how growth is a doomed strategy.

The Conversation

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Why AI infrastructure costs keep surprising IT leaders

Production AI changes infrastructure economics in ways most teams underestimate.

TechRadar

Why are CS2 skins so expensive?

The economics behind Counter-Strike's most expensive virtual items.

Dot Esports

Blind Brown University professor Roberto Serrano exposes massive AI cheating scandal after students' scores plunge from 100 to 48, calls AI 'tsunami for all of us'

A Brown University professor noted unusual perfect scores on a take-home midterm exam and exposed a massive AI cheating scandal. Many students achieved top marks, which contrasted sharply with prior years. The subsequent in-person final exam saw a dramatic drop in the class average. When the exam was held in…

The Economic Times

Vance steps on Trump’s midterms message

The vice president’s criticism of traditional Republican economics complicates Trump’s attacks on Democrats

Salon

The 'SUV Tax': How Your Vehicle Choice Impacts Your Net Worth

Many drivers prioritize aesthetics over economics. We break down the financial trade-offs of the "SUV tax" and show you how to keep thousands more for your future.

Kiplinger

Brown University Students Fled After Handwritten Final Put AI-Era High Marks to the Test

A Brown University professor's switch to traditional exams exposed widespread AI-assisted cheating, sparking debate on academic integrity and revealing a dramatic drop in student grades.

International Business Times UK

'We Cannot Choose to Become Idiots': Brown Professor Exposes AI Cheating After In-Person Exam Scores Plunged 50%

Brown University professor Roberto Serrano uncovers AI-assisted cheating in his class, revealing a significant drop in exam scores when moving from take-home to in-person exams.

International Business Times UK

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The Times of India

Blind professor catches massive AI cheating scandal at Brown University, says it should be a wake-up call after scores drop from 100 to 48

Brown University professor Roberto Serrano allowed the students to take their midterm exam at home, as the shock of the December 13 shooting at the university was still there. Serrano has been teaching at the Ivy League University for 34 years and it was for the first time that he…

inkl

The Economics Behind Buying, Renovating, and Reintroducing Homes Into Competitive Housing Markets

Every renovated home that comes back on the market represents a series of financial decisions that started long before the first wall got painted. Someone found a property most buyers overlooked, saw what it could become, and put real money behind that judgment.

The Times of India

The Amazon is the world's largest river, yet not a single bridge crosses its main channel

Stretching across the heart of South America, the Amazon River is the largest river on Earth by water discharge and one of the planet's most extraordinary natural systems. It flows through vast tropical rainforests, supports unrivalled biodiversity and sustains millions of people. Yet despite spanning more than 6,400 kilometres (4,000…

Reason

Trump Tries To Take Credit for a Walmart July 4 Grocery Sale

He understands economics about as well as he understands the limits of presidential power.

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Euronews

The key global economic risks to watch in the second half of 2026

After six months defined by war, an oil shock and a frenzied AI trade, economists say the rest of the year hangs on a chain of interlocking risks, with the fragile peace between the US and Iran as the key factor.

Newsroom.co.nz

Why large language models are an economic dead end

Comment from Otago University: Dr Olivier Jutel deconstructs the generative AI hype, exposing the unsustainable economics, cooked corporate numbers, and tech-stock over-allocation

The Guardian - UK

Low-cost loans for solar panels could save households hundreds on bills – thinktanks

New Economics Foundation and Finance Innovation Lab suggest loan scheme backed by Bank of England could benefit up to 8m homes

AAP

Longest stretch of weak growth since 1990s forecast

Rarely has Australia's near-term economic outlook appeared so gloomy, says Deloitte Access Economics.

The Economic Times

Trump’s war means higher global interest rates for years to come

Global interest rates are set to remain higher for longer, with Bloomberg Economics forecasting borrowing costs elevated by up to half a percentage point through 2028. This shift, influenced by lingering inflation risks from the Iran conflict's energy shock and the AI race, means consumers and businesses face more expensive…

The Economic Times

FIFA World Cup’s hidden scorecard: What fans don’t see, economics does

FIFA World Cup 2026 is a fascinating economic case study, revealing how football markets mirror financial ones. Dynamic ticket pricing, driven by shifting expectations and the 'Tinkerbell Effect,' shows fluctuating demand. Host cities face complex tourism realities, while fans exhibit investor-like biases. FIFA's platform model, broadcasting rights, and data analytics…

Times Life

Chanakya's 7 Wealth Habits Every Successful Indian Swears By, Backed by Arthashastra Wisdom

Spend less than you earn, and track the gapChanakya didn't write about wealth to inspire anyone. He wrote to win. The Arthashastra, composed around the 4th century BCE, is a treatise on statecraft and economics that treats money as infrastructure, the thing everything else runs on. Seven habits run through…

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