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The Latest Breaking News from Economy

RBI tells parliamentary panel that virtual digital assets like cryptocurrency a threat to economy

The Reserve Bank of India has informed a parliamentary panel that virtual digital assets like cryptocurrency pose a threat to India's developing economy and should not be legalized. Citing concerns over potential use in illegal activities such as terror funding and drug smuggling, the central bank highlighted the difficulty in…

The Economic Times

Fed Chair Kevin Warsh Is Betting On AI. He Says The Revolution Is Just Getting Started.

Federal Reserve Chair Kevin Warsh said the United States is likely to be a "big winner" from artificial intelligence, describing the technology as a structural shift in the global economy.

International Business Times

Putin is pushing Russia into an 'economic, political, and military abyss,' think tank says

Putin built an economy based on “military Keynesianism” to survive the war in Ukraine. It’s showing signs of fatigue.

Fortune

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read the most diverse news in one place.

'We Can No Longer Afford This': Germany's Sick Leave Crackdown Sparks Backlash Over Day One Doctor's Note Rule

Germany's Chancellor Merz announces a comprehensive economic reform package, including changes to sick leave, tax relief, and pension adjustments, aimed at revitalising the economy.

International Business Times UK

Half a million dead but just 40sqkm gained in six months: Impact of Putin’s devastating war in numbers

IN DEPTH: Russia’s advances in eastern Ukraine are slowing and hundreds of thousands of troops have been killed. As Kyiv seizes the upper hand, Alex Croft looks at the data that shows why Moscow is struggling

The Independent UK

The Economy Added Fewer Jobs Than Expected. It Could Be a Boon For Wall Street

Stocks, however, reversed gains on Thursday after the latest job report showed a decline in hirings in June.

International Business Times

A Longlasting Russia-Ukraine War Creates a Catalyst to Buy AeroVironment Stock Now

While the big takeaway for AVAV stock has been AeroVironment’s blistering earnings performance, the drone maker also enjoys a geopolitical tailwind.

Barchart

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Germany's Merz announces sweeping reforms: Tax cuts, pension overhaul and new sick leave rules

After seven hours of talks, the CDU/CSU-SPD coalition agreed on sweeping tax, labour and pension reforms, a breakthrough aimed at reviving the struggling economy and countering the rise of the far right.

Euronews

How Paramount’s theater commitments could boost local economies across the nation

A proposed Paramount–Warner Bros. tie-up is drawing antitrust scrutiny, but we see a surge of up to $20 billion in annual economic activity.

Fortune

How Digital Entertainment is Growing and Changing Across the USA

As the global economy becomes increasingly digitized, the American entertainment sector exemplifies that shift. Home and mobile streaming dominates over TV and movies. Online casino gambling is increasingly eating away at big tribal casinos and Las Vegas-based gambling operators. All brands now have some kind of digital presence, often in…

inkl

Macro headwinds are behind us; largecaps poised to outperform: Prashant Jain

India's equity markets are poised for a positive turn as economic challenges recede, according to Prashant Jain. He highlights strong domestic fundamentals, improving external balances, and reasonable valuations, particularly favoring large-cap banking and IT stocks. Jain sees value in the IT sector despite near-term pressures and believes large private banks…

The Economic Times

EU launches new measures to attract skilled foreign workers, speeds up single work-residence permit process

The European Union is easing entry for skilled non-EU workers to combat labour shortages. A revamped Single Permit Directive streamlines applications for work and residency, while the new EU Talent Pool platform will connect international jobseekers with European employers. These initiatives aim to bolster the EU economy amidst demographic shifts…

The Economic Times

Digital economy minister defends 33% budget increase

Digital Economy and Society Minister Chaichanok Chidchob has defended the ministry’s proposed 33.2% budget increase for fiscal 2027, saying the funding will accelerate digital transformation, strengthen government cloud infrastructure and enhance disaster preparedness.

Bangkok Post

Is hiring picking up in the US? Thursday's report will help illustrate trends

Thursday’s report from the Labor Department on June job changes will provide some important clues on the health of the U.S. economy

The Independent UK

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The Economic Times

Odisha cabinet approves over Rs 2,000 crore deep sea fishing mission

Odisha's government has approved a massive Rs 2,000 crore deep sea fishing mission to establish the state as a premier marine export hub. This plan, spanning a decade, aims to boost fish production by 2 lakh metric tonnes annually, create over 50,000 jobs, and significantly increase seafood exports. The initiative…

The Economic Times

India unlikely to raise inflation target, RBI Governor Sanjay Malhotra says; expects strong growth

India's inflation target is unlikely to be raised, with Reserve Bank of India Governor Sanjay Malhotra suggesting a potential long-term reduction. He highlighted the success of the current inflation-targeting framework in lowering average inflation. Despite expectations of a rise, inflation remains below the central bank's 4% target, and the economy…

Ballotpedia

California delays first emissions reporting deadline to November

In this week’s edition of Economy and Society:

Bangkok Post

Report urges reforms as public debt rises

Thailand no longer has a fiscal buffer to contain rising public debt, making it necessary to accelerate reforms for both the economy and the public sector to lift economic growth closer to its full potential, according to the Finance Ministry.

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Motor1

Which 2026 Honda Civic Should You Buy? Every Trim Explained

From a $25,000 economy sedan to a 315-hp track monster—the Civic range proves Honda still knows exactly what buyers want.

International Business Times UK

'I Don't Want It:' Netanyahu Vows To Phase Out US Aid, Claiming The Nation Can Easily Finance Its Own Military Actions

Israeli Prime Minister Benjamin Netanyahu plans to end US military aid, describing it as 'welfare' Israel no longer needs, amid tensions with Washington over Iran policy.

The Guardian - US

The USMNT’s quest for World Cup glory is currency in the attention economy

In Wednesday’s last-32 match, the US team have more than just a chance to win against Bosnia and Herzegovina. They’re playing to win over their country

International Business Times UK

SpaceX Targets a Valuation Higher Than Meta and Berkshire Combined—While Making Less Revenue Than Macy's

SpaceX faces intense investor scrutiny as its $1.7 trillion valuation clashes with significant AI losses and trailing revenue behind retail chains like Macy's.

Euronews

Inflation tumbled in June: where did prices cool the most in Europe?

Inflation fell more than expected across the single-currency bloc in June, easing pressure on the European Central Bank (ECB) and reviving hopes that the energy-driven spike triggered by the war in the Middle East is finally fading.

Fortune

The Supreme Court just handed the U.S. economy a $7.7 trillion win

Also: All the news and watercooler chat from Fortune.

The Economic Times

India's economic plot twist comes with one villain stepping aside, another waiting

India's economic outlook has improved as falling crude oil prices ease inflation, strengthen the balance of payments and prompt economists to raise GDP growth forecasts. But the optimism comes with fresh risks, including an uneven monsoon, food inflation, geopolitical tensions in West Asia and uncertainty over global commodity prices, making…

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