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The Latest Breaking News from Economy

Iranian Guards' business empire to win big if US sanctions lifted

A potential deal to end the war between Washington and Tehran presents a paradox: sanctions relief could significantly empower Iran's Revolutionary Guards, a group designated as terrorist by the US and its allies. These elite forces have built a vast commercial empire and are poised to benefit immensely from renewed…

The Economic Times

Cuba pushes through sweeping free-market reforms in biggest economic shift since the revolution

Observers are calling Cuba's new free-market reforms the most sweeping economic overhaul on the island's communist economy since the Cuban revolution while the grandson of former President Raúl Castro says in an interview that Cuba must seek to move its economy forward

AAP

Cuba unveils historic package of free-market reforms

In a landmark speech to National Assembly, Prime Minister Manuel Marrero detailed 176 measures aimed at rolling back the state's role in the economy and attracting investment in everything from banking to tourism and agriculture. These huge changes come as the United States exerts strong pressure on Cuba aside from…

The Economic Times

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Who needs an energy crisis? Builders do

For decades, Thailand built its economy on the assumption that energy would remain cheap, stable, and someone else's responsibility.

Bangkok Post

Unleash anime spirits: India must tap the fast-growing global animation market as part of its orange economy push

Anime's global appeal is skyrocketing, with international markets now driving over half of its revenue. This boom is fueled by streaming platforms and lucrative brand collaborations, transforming anime into a global IP powerhouse. While blockbuster movies and expanding international production signal immense growth, the industry grapples with underpaid workers and…

The Economic Times

The Law Standing Between a Million Care-Economy Vacancies and the People Ready to Fill Them

If policymakers want a response to workforce shortages, economic mobility, and the labor disruptions already emerging from artificial intelligence, they should start by removing this outdated restriction.

International Business Times

Miserable K-shaped economy might actually be fading, as lower-income families bounce back, says Bank of America

"If this narrowing of the K is sustained, one explanation could be job growth broadening into more blue-collar sectors such as leisure and hospitality, construction and manufacturing."

Fortune

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UK banks asked to stress-test their systems against ‘plausible’ global recession

The scenario would see both inflation and interest rates climb to 7 per cent

The Independent UK

Forget chatbots, Ambani's Reliance wants to own India's entire AI economy

Reliance Industries is charting a unique AI strategy, aiming to democratise artificial intelligence in India by focusing on affordability and accessibility rather than solely on developing advanced models. The company is building a sovereign AI infrastructure and a suite of sector-specific AI platforms, mirroring its successful Jio telecom playbook to…

The Economic Times

Poll shock for Trump as most Americans reject his handling of Iran

Approximately two-thirds, or 65%, of U.S. adults express disapproval of how Trump is managing issues with Iran

The Independent UK

Brexit cost revealed as UK economy took 6% hit, Bank of England data shows

The UK economy was growing strongly prior to the vote to leave the EU

The Independent UK

Are Olivia Rodrigo's Fans Really Weird? The Diaper Trend Is Actually Bigger Than Pop Music

Olivia Rodrigo said diapered fans crowd her front row, but the same trend has hit Taylor Swift, BTS and Times Square. The real shock is a concert economy that won't fix it.

International Business Times UK

Trump talks up economy and Hegseth at Medals of Honor ceremony

President boasts about stock market before handing out medals for ‘conspicuous gallantry and intrepidity at the risk of life above and beyond the call of duty’

The Independent UK

What to know about Cuba's economic measures aimed at opening up the island's economy

Cuba's Communist Party has approved an emergency economic package featuring unprecedented free-market measures to open up the struggling island's economy

AAP

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The Guardian - UK

Burnham brings in top economists before possible leadership run

Labour mayor giving advisory roles to ex-Bank of England economist and others seen as attempt to reassure markets

Euronews

Cuba's President Miguel Díaz-Canel admits 'urgent changes' needed to overcome crisis

The oil blockade imposed by President Donald Trump in January has brought the island's already moribund economy to the brink of collapse, marked by power cuts sometimes lasting over 30 hours.

The Economic Times

Karo Sambhav raises Rs 56 crore from Rainmatter to expand critical mineral recovery from e-waste

Karo Sambhav, a circular economy startup, secured Rs 56 crore from Rainmatter. This funding will boost their infrastructure for recovering critical minerals and valuable materials from electronic waste. The company aims to scale its recycling operations, focusing on extracting precious and high-value components from end-of-life products. This move supports India's…

The Conversation

Donald Trump’s popularity is at an all-time low. History says that matters

In his first term of office Donald Trump achieved the lowest average job approval ratings (41%) among Americans since the end of the second world war. In his second term he has fallen well below that with an approval rating of only 35% in a recent Economist/YouGov poll.

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The Economic Times

GenAI can add $14-17 billion to India's real estate economy: Report

Consultancy firm EY-Parthenon and realtors' apex body CREDAI, in its report 'GenAI in Indian real estate - Scaling the next frontier of innovation' released on Thursday, stated that the adoption of GenAI could increase sales velocity by 30-50 per cent and reduce project costs.

Bangkok Post

Cuban economy needs 'urgent changes' to overcome crisis: president

HAVANA - Cuba's economy needs "urgent changes" to overcome a major crisis intensified by a US oil blockade, President Miguel Diaz-Canel said in a speech to Communist Party leaders broadcast on Thursday.

The Independent UK

Brexit has cut trade in almost every sector of the UK economy, study warns

Much of the economic cost stems from UK’s departure from the single market – suggesting recent calls for a new customs union with the EU would have little impact

The Independent UK

How the US is still channeling billions of dollars into climate projects despite Trump

IN FOCUS: Investments analysed by The Independent show how climate action – whether in renewables that are cheaper than fossil fuels, or in weather-proofing new infrastructure projects – is now ‘built-in’ to the global economy, regardless of any leader’s political agenda. Nick Ferris reports

International Business Times UK

Trump's 'Oligarchic Friends' Gain $210B In a Day: Bernie Sanders Says the Economy Is 'Insanely Rigged'

Senator Bernie Sanders criticises the wealth surge of tech billionaires, highlighting economic struggles faced by American families amid inflation and poverty.

Bangkok Post

Top civil servant defends TH-AI Passport project

The Ministry of Digital Economy and Society has strongly defended the controversial TH-AI Passport project, rejecting allegations of procurement irregularities, bid-rigging and political favouritism.

AAP

Bank of England holds main interest rate at 3.75% as Iran war inflation pressures ease

The Bank of England is holding its main interest rate at 3.7% as the inflation pressures on the British economy have become more benign after the U.S. and Iran signed a deal to sign deal to end their war

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