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The Latest Breaking News from Economy

Australian PM hails India's economic growth; looks forward to hosting PM Modi again

Australian Prime Minister Anthony Albanese looks forward to hosting Prime Minister Narendra Modi again soon. He described India's growing economic importance as an extraordinary opportunity for the Indo-Pacific region. The Economic Cooperation and Trade Agreement has strengthened the relationship between the two nations. The Indian-Australian community is a significant contributor…

The Economic Times

US Stock Market: Fed Vice Chair Jefferson backs current rate stance ahead of June meeting

Federal Reserve Vice Chair Philip Jefferson said the current US monetary policy stance remains appropriate as policymakers assess persistent inflation risks and economic resilience. Jefferson reiterated that restoring inflation to the Fed’s 2% target remains the priority, while officials continue monitoring labour market conditions and geopolitical risks affecting the broader…

The Economic Times

Vedanta's Rs 1 lakh cr projects to be reviewed every fortnight to ensure timely completion: Odisha CM Majhi

Odisha Chief Minister Mohan Charan Majhi announced that Vedanta's proposed projects, valued over Rs 1 lakh crore, will undergo fortnightly reviews to ensure swift execution. These initiatives, including a new alumina refinery and aluminium smelter, aim to significantly boost Odisha's economy and infrastructure, creating numerous jobs and positioning the state…

The Economic Times

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NZ shuns 'sugar hits' in budget, cuts growth forecast

New Zealand has unveiled a bare-bones budget with a projected surplus sooner than expected, but few incentives for voters in an election year.

AAP

Analysts pinpoint winners in new stimulus scheme

Analysts are highlighting retail and consumer stocks as the major beneficiaries of Thailand's latest consumer stimulus programme called "Thai Chuay Thai Plus", which is expected to provide short-term support for domestic consumption to stabilise the economy.

Bangkok Post

Somkid calls for overhaul of investment incentives

The Board of Investment (BoI) is being advised to revise its criteria for granting incentives for foreign direct investment (FDI), basing them on the level of contribution to the economy.

Bangkok Post

Employees using AI are working faster, but the economy isn't more efficient. A look at what happened in the pre-Internet era might explain why

The U.S. might be in the early days of a productivity boom without even knowing it.

Fortune

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Texas, Nebraska, Iowa, West Virginia sue ISS over ESG disclosures

In this week’s edition of Economy and Society:

Ballotpedia

Piyush Goyal urges Canada for dual degrees to drive cooperation in education sector

India's Commerce Minister Piyush Goyal suggests dual-degree programs with Canada. This aims to enhance educational ties. He invited Canadian youth to witness India's progress. India is projected to become a USD 30 trillion economy. The nation is investing significantly in manufacturing and infrastructure. This growth is expected to continue for…

The Economic Times

1.7 million animals were killed by cars on America’s roads last year, costing the US economy $10 billion

Insurers paid an average of around $5,000 for the 1.7 million filed animal-collision claims from July 2024 to June 2025

The Independent UK

Amid West Asia tensions, Trump says Iran ‘negotiating on fumes’; seeks $1.5 trillion US military boost

America's President Donald Trump is seeking a massive $1.5 trillion investment for the US military. He stated Iran is eager to reach a deal with Washington. Trump asserted Iran's military and economy are severely damaged. He emphasized that Iran will not be permitted to develop nuclear weapons. The President believes…

The Economic Times

The "Boring" Office Jobs That AI Can't Kill, According to a Marketing Expert

The safest jobs in the AI economy aren't the ones that sound impressive on a resume. They're the ones that sound dull on a job description but require...

International Business Times

New Zealand sees brain drain to Australia amid stagnating economy

New Zealand is facing a major brain drain. Even former prime minister Jacinda Ardern has chosen to relocate to Australia. Her decision has reignited a debate over the country's persistent struggle to retain its talent, against a backdrop of a stagnating economy and a soaring cost of living. Our Auckland…

France 24

Tony Blair is strong on diagnosis, deluded on prescription: Britain’s ills can’t be fixed by him

The former PM’s essay rightly calls for a coherent economic plan, but then sets too much store by AI – and a worldview stuck in the past, says Guardian columnist Larry Elliott

The Guardian - UK

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International Business Times UK

Kevin O'Leary Calls Four-Day Workweek 'Stupid' In Blunt Rant — 'We Should Kick Their A**'

Kevin O'Leary, 'Shark Tank' star, criticizes the four-day workweek as outdated in a digital economy, sparking debate on modern work practices and productivity.

The Independent UK

Trump tightens grip on GOP as Republicans fear midterm bloodbath

Donald Trump's formidable influence within the Republican Party is undeniable, evidenced by his recent endorsement of Ken Paxton, who secured a primary runoff victory in Texas

The Economic Times

Donald Trump is getting the Republican Party that he wants. But can he win in the midterms?

President Trump's strong influence in Republican primaries presents a challenge for the party's upcoming midterm elections. Voters are reportedly unhappy with his economic policies and actions regarding Iran. Republican strategists express concern that Trump's approach may alienate broader electorates. Democrats see an opportunity to gain seats by highlighting these issues.

The Guardian - AU

Afternoon Update: Keating urges Labor to stand firm on CGT; inflation eases to 4.2%; and a dog shoots a woman

Former PM warns that exempting commercial assets from the changes would further ‘distort’ the economy

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The Conversation

Interest rates look set to hold, after inflation and fuel costs fell in April. But it’s unlikely to last

Inflation actually fell in Australia last month, thanks to temporary government fuel discounts that saw fuel prices come down by 7% from their record peaks in March.

The Guardian - AU

Paul Keating urges Labor to stick with capital gains tax overhaul and avoid exemptions that would hurt economy

Exclusive: Former PM says changes to tax rates are ‘so marginal that no entrepreneurial initiative is likely to be thwarted’

The Independent UK

Eight in 10 UK firms suffering hit from Iran war: ‘Uncertainty has become the norm’

Twenty per cent of companies overall are pausing investment against a backdrop of geopolitical uncertainty in a sign of the impact of the war on the UK economy

Bangkok Post

Mangrove, oyster concerns shadow coastal road plan

TRAT: Local residents have raised concerns that a proposed coastal highway could damage mangrove forests and threaten oyster-farming livelihoods, despite government claims the project would boost tourism and the local economy.

Barchart

Walmart Is Supposed to Be a Safe-Haven Stock. High Gas Prices Are Hitting Its Shares Instead.

While once treated like a defensive fortress by investors, high fuel costs are squeezing shoppers, hurting margins, and shaking confidence in Walmart now.

AAP

Falling fuel prices bolster hopes for RBA rate reprieve

A cut in the fuel excise caused annual headline inflation to fall, but the underlying impulse for price pressures is still gathering steam.

The Guardian - UK

The Guardian view on Britain’s economy: to profit politically a recovery must be felt in people’s pockets

Editorial: The chancellor can point to growth and lower inflation, but weak job data, flat living standards and uncertain productivity are no reason to cheer

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