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The Latest Breaking News from Economy

EU wants bigger banks to rival US lenders

The European Union desires larger banks to enhance global competitiveness. Brussels aims to ease banking regulations and lower capital requirements. This move seeks to unlock more funding for various industries across Europe. Banks argue current rules hinder their ability to finance the economy. New banking rules are expected in the…

The Economic Times

Over 6 in 10 Americans Are Pessimistic About The Economic Outlook. Most Blame Trump: Poll

Most Americans are pessimistic about the state of the economy, with most blaming President Donald Trump for it.

International Business Times

Brussels to double electrification target in bid to cut fossil fuel consumption

After months of speculation, the European Commission announced a 46 percent electrification target for the bloc's economy by 2040. The move is intended to cut dependencies on imported fossil fuels but critics argue that high electricity prices may complicate the EU's goals.

Euronews

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80% employees are not enthusiastic about their jobs: New report shows engagement at work drops to COVID levels

Global employee engagement has fallen to twenty percent, marking a significant decline. This low engagement costs the world economy ten trillion dollars annually in lost productivity. Managers are driving this decline, with their engagement dropping sharply in recent years. Despite this, overall wellbeing showed a modest improvement, with more people…

The Economic Times

CAFE III norms signal faster EV shift in India while balancing automakers concerns: Nomura

CAFE refers to government regulations that require automakers to meet a specific average level of fuel economy or CO₂ emissions across their entire fleet of vehicles sold in a year. Under the draft notification, compliance will be evaluated over FY28-30 and FY30-32, giving manufacturers additional time to phase in electric…

The Economic Times

He had the money to buy a private jet, yet this billionaire preferred economy flights, took home free packets of salt and pepper from restaurants

IKEA founder Ingvar Kamprad lived a remarkably simple life despite his vast fortune. He consistently chose flea market clothes and economy travel, setting a personal example. Kamprad reused tea bags and ate at IKEA cafeterias, avoiding expensive dining options. His thrifty habits stemmed from his upbringing in rural southern Sweden.…

The Times of India

The missing link in the blue carbon agenda: The workforce

Over the last decade, blue carbon ecosystems, such as mangroves and seagrasses, have taken centre stage in global discussions on tackling climate change, and Indonesia — home to 17 per cent of the world’s mangroves and seagrasses — has become a key actor in this agenda.

The Conversation

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Iran war and monsoons key risk for Indian economy, says RBI Governor Sanjay Malhotra

RBI Governor Sanjay Malhotra said India’s inflation remains elevated, with rising Middle East tensions and the possibility of a weak monsoon posing key risks. He attributed recent price pressures mainly to supply-side factors and said policymakers should remain in a “wait and watch” mode.

The Economic Times

The empty middle seat: A perk that every economy passenger hopes for when flying

Following the unveiling of its ‘Relax Row’, US airline United has now announced plans to roll out its new offering in Economy Plus – a special row that has no middle seat and instead uses the extra space for a shared table and more elbow room.

Euronews

India to launch headline Index of Services Production within months

India plans to launch a headline Index of Services Production (ISP) within the next few months, giving investors the country's first official monthly measure of services output. The statistics ministry has released trial indices for 19 service sub-sectors covering about 60% of the formal services economy.

The Economic Times

Indian spacetech industry shoots for the stars

Private companies are reshaping India's space ambitions, building rockets and satellites as the country pushes to capture a bigger share of the global space economy. Building a satellite of that class, India has never done at least in a private context.

The Economic Times

India's private space industry shoots for the stars

The Economic Times

Cloud 11 project targets creative hub status in Bangkok

Magnolia Quality Development Corporation Ltd launched "Cloud 11" on Thursday, a landmark project in Bangkok with an investment of over 20 billion baht, aiming for this facility to become the centre for the creative economy and an innovation hub in Asia.

Bangkok Post

Pakistan PM Shehbaz Sharif warns of risk to economy amid renewed West Asia tensions

Prime Minister Shehbaz Sharif warned of economic risks due to regional conflict. He directed authorities to maintain full preparedness for potential challenges ahead. The government presented a report on austerity and cost-cutting measures during a key meeting. Sharif acknowledged public support for previous austerity drives and urged frugality. Pakistan's economy…

The Economic Times

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The Economic Times

Brazil calls Trump's 25% tariff unjustifiable, vows to impose reciprocal tariffs

The United States on Wednesday said it would impose a new 25% tariff on certain imports from Brazil, citing unfair trade practices by the world's 10th-biggest economy.

The Guardian - US

Seth Meyers on the second Trump presidency: ‘No one feels better, everyone’s miserable’

Late-night host covered the dire state of the US economy and how the president is distracted by other priorities

The Guardian - UK

How green is Andy Burnham? Britain’s next PM faces tough climate decisions

Heatwaves, high energy prices, calls for reindustrialisation and North Sea drilling are all high on the to-do list

inkl

Breaking Down the ICC T20 World Cup 2026 Final in Numbers

Relive the ICC T20 World Cup 2026 final through key statistics, batting and bowling performances, turning points, and record-breaking moments.

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The Conversation

Foundations can outlive their charitable missions – and that’s a problem

Bill Gates, Jensen Huang and many of today’s tech titans have two things in common with Gilded Age robber barons like John D. Rockefeller and Andrew Carnegie. After playing a role in propelling the U.S. economy to new heights, they established massive foundations. The foundations are usually designed to last…

The Economic Times

Kremlin says Russian economy's difficulties are not critical

The Kremlin states Russian economic difficulties are not critical and remain stable. Corporate sentiment sharply deteriorated in July, reaching its lowest point since mid-2022. Companies' price expectations rose markedly after five consecutive months of decline. Rising inflation expectations point to sharp cost increases amid fuel shortages. Experts warn this situation…

Euronews

China is 'a critical long-term strategic challenge', EU ministers say

EU foreign ministers issued a joint assessment of the risks posed by China, warning that Beijing threatens not only the bloc’s economy but also its security, while highlighting the shared ambition of China and Russia to assert regional dominance.

Benzinga

Rick Scott Slams Progressive Democrats Over Defense Bill Blockade and Says AOC's Influence Is Pushing Schumer Toward 'Crazy Ideas'

Sen. Rick Scott (R-Fla.) criticized progressive Democrats over government spending and defense policy disputes, arguing that socialist ideas could weaken individual freedom and the American economy.

The Economic Times

India's non-sovereign debt may rise to 150 pc of GDP by 2047: Crisil

India's non-sovereign debt may reach 150 percent of GDP by 2047. This increase is essential for achieving a USD 30 trillion economy. Banks alone cannot meet this massive credit demand. The debt capital market must therefore play a larger role. Reforms are needed to broaden investor participation and market depth.

The Economic Times

AI impact, rising costs reshaping Gen Z careers towards multiple income streams: Report

India's Gen Z is building multiple income streams, moving away from single employers. This shift is driven by AI adoption and increasing living costs. Many young professionals are creating portfolio careers for economic resilience. Hybrid and flexible work arrangements support this growing trend. The gig economy's expansion further encourages diversified…

The Economic Times

US Stock Market: Fed Beige Book signals improving economy as inflation eases, but fuel costs and tariffs remain risks

The US economy shows moderate expansion with improving employment figures. Inflation is easing across Federal Reserve districts, though fuel costs remain a concern. Businesses anticipate continued growth while facing elevated input expenses. The labor market remains resilient without generating excessive wage pressures. Geopolitical developments and tariffs continue to shape the…

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