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The Latest Breaking News from Economy

Far Worse Than Feared? US Economy Loses 60,000 Hospitality Jobs in Huge Blow to Trump

Hiring slowed to 57,000 jobs in June as the US lost 61,000 hospitality roles, undermining World Cup hopes and weakening Donald Trump's claim to be the jobs president.

International Business Times UK

Costco CEO promises the $1.50 hot dog isn't going away: 'The price will not change as long as I'm around'

The $1.50 combo hasn't changed since 1985. In a K-shaped economy where everything costs more, that's not just a deal—it's a statement.

Fortune

Why the Current Selloff in Big Tech Stocks Is a Springboard for a New Rally

The recent Big Tech correction is a healthy reset, not a market crash. Big Tech capex remains the S&P 500's core engine. With falling gas prices driving down headline CPI and an impending dovish Fed pivot, current market levels offer an ideal entry point for a new historic rally.

Barchart

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US must 'accept existing realities' on trade: Iranian Parliament Speaker Ghalibaf

Iran's Parliament Speaker, Mohammad Bagher Ghalibaf, asserted that the US must acknowledge a changed global landscape following recent conflicts. He highlighted potential for expanded trade and transit cooperation, particularly with reduced American interference in the Persian Gulf. Ghalibaf also sharply criticized US President Donald Trump's remarks on Iran's economy and…

The Economic Times

Shopee promotes scheme to assist small merchants

Shopee has pledged more than 500 million baht in support for Thai micro, small and medium-sized enterprises (MSMEs) under a new programme aligned with the government's "Thai Chuay Thai" co-payment scheme, as the e-commerce operator seeks to deepen its role in the country's digital economy.

Bangkok Post

Green manufacturing offers opportunity

Thailand is intensifying its efforts to combat global warming by steering investment towards green manufacturing.

Bangkok Post

Food deliveries surge under co-pay scheme

The government's "Thais Help Thais Plus" co-payment scheme has helped to revive the economy and stimulate spending in the food and beverage sector, according to two online food delivery operators.

Bangkok Post

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Hidden costs of Land Bridge project

When the Thai government discusses the Land Bridge, the conversation almost always centres on GDP growth and economic returns. The mega-project, expected to cost at least 1 trillion baht, forms part of the planned Southern Economic Corridor, another effort to boost development in the South.

Bangkok Post

Open and shut source case: There’s method in Palantir CEO Alex Karp’s ‘mad’ outburst against Big AI overselling corporates

Palantir CEO Alex Karp has fiercely criticized the US AI industry, particularly OpenAI and Anthropic, for their token-based pricing and 'oversold' AI capabilities. This sparks a debate between closed and open-source AI models. While closed models cite high development costs, proponents of open source argue for greater efficiency and cost…

The Economic Times

Dr. Copper Is About to Make a Diagnosis. Here’s How to Keep Your Portfolio Healthy.

When copper is rising, the global economic engine is typically expanding. When it rolls over, a broader economic slowdown is usually right around the corner. Let's see what copper's movement says about the economy currently.

Barchart

Elon Musk's $40 Trillion AI Debt 'Cure' Faces Reality Check In Brutal Brookings Report

Elon Musk insists AI will rescue the US from its £31tn debt burden, but experts at the Brookings Institution warn that technology alone cannot bridge the fiscal gap.

International Business Times UK

Elon Musk Backs Chamath's Bold AI Thesis: Universal High Income and Optional Work

Elon Musk and Chamath Palihapitiya see a future where AI and robots transform the economy, making work optional and enabling universal high income. Explore the potential impact on industries and the workforce.

International Business Times UK

Where's the doctor's note? Germany tightens workplace rules, no more sick leaves over call or text

Germany is tightening its sick leave policy, requiring a doctor's note from day one of illness, a move Chancellor Friedrich Merz believes will boost the economy. Previously, employees enjoyed up to six weeks of paid sick leave per illness. This reform, alongside increased retirement age and flexible hiring, aims to…

The Times of India

Cathie Wood Calls June Jobs Report 'Weird' and 'Very Distorted' As Wall Street Says the Payroll Miss Doesn't Add Up

The U.S. economy added just 57,000 nonfarm payroll jobs in June, falling sharply below expectations prompting ARK Invest CEO Cathie Wood to call government statistics “very distorted.” As Wall Street analysts label the print “misleading” due to anomalies like job losses during the World Cup, both investors and economists are…

Benzinga

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Fortune

Organized crime is building an AI hardware cargo theft economy: 'The economics have become just crazy from the criminal opportunistic perspective'

Cargo theft was a $725 million problem in 2025, with electronics making up 22%, by some estimates, and there’s a particular AI thirst.

Benzinga

Trump Wants the US Economy Growing at Over 12% and Says the Fed Keeps Trying To 'Kill It' With Higher Rates

President Donald Trump has advocated for more flexibility in the Federal Reserve’s approach to interest rates and economic growth.

Fortune

The World Bank has elevated Vietnam and the Philippines to upper-middle-income status—but now they face 'a far more demanding phase of development'

Both countries must now escape the middle income trap that has stalled several of their Southeast Asian peers.

The Economic Times

The 'little boy' in the Pacific, India's monsoon and the big test ahead

India's crucial monsoon season has begun sluggishly, with a significant rainfall deficit raising concerns for the farm economy. Delayed sowing of key crops like rice and oilseeds is evident, particularly in central India. The strengthening El Niño phenomenon adds to the uncertainty, potentially impacting food inflation, agricultural exports, and imports.…

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The Economic Times

AI fatigue takes centre stage as Fed fears ease: Ed Yardeni

Market strategist Ed Yardeni suggests corporate earnings, geopolitical stability, and the evolving AI trade are now overshadowing the Federal Reserve's influence on equities. Investors have largely adjusted to higher interest rates, with inflation easing and the economy showing resilience. Yardeni notes "AI fatigue" is leading to sector rotation, but believes…

The Times of India

How South Koreans donated 227 tonnes of gold to rescue their economy after the 1997 IMF bailout

When South Korea was plunged into one of the worst financial crises in its modern history, the government turned to the International Monetary Fund (IMF) for what was then the largest bailout package ever approved. Yet one of the country's most remarkable responses did not come from financial markets or…

The Economic Times

India’s space industry hunts for its SpaceX moment

India's private space sector is rapidly advancing, with a space unicorn poised for launch and startups developing cutting-edge satellites. Prime Minister Modi's initiative to open the industry is fostering innovation, attracting significant funding, and even drawing interest from billionaires like Mukesh Ambani. Despite challenges, the momentum is strong, with companies…

The Economic Times

'Just about everything we need': Trump claims Iran has accepted nearly all US conditions

US President Donald Trump claimed Iran has accepted nearly all American demands in ongoing nuclear talks. He asserted that US military strikes have completely devastated Iran's armed forces and economy, leaving the nation in a severely weakened position while Washington maintains total control over the diplomatic negotiations.

Times Life

How the Skincare Industry Sells You More Products Than You Need and How to Push Back

The Ten-Step Routine Was Never About Your SkinThe average Indian woman in her twenties owns more skincare products than she will finish in two years. That is not a coincidence. The ten-step routine, popularised by Korean beauty marketing and amplified by Indian influencers, was never a dermatological recommendation. It was…

The Economic Times

We blew up Iran's radar: Trump says US carried out strikes on Iran for 3 consecutive days

US President Donald Trump revealed American forces conducted strikes on Iran for three consecutive nights, targeting radar systems in response to attacks on commercial shipping. He asserted the US Navy's blockade effectively prevented any ships from reaching Iran, severely weakening its economy. Trump also detailed how the US quietly escorted…

The Conversation

We can’t entirely blame COVID vaccine mandates for lower vaccination rates today. It’s not that simple

Childhood vaccination rates have slumped globally. In several countries, people are more hesitant about getting vaccinated. Populist political actors promote distrust of government and scientific institutions. And the disinformation economy means we can’t agree on the facts behind policy debates.

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Mohammad Bagher Ghalibaf

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