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The Latest Breaking News from Economy

New York replaces 2030 emissions goal with 2040 target

In this week’s edition of Economy and Society:

Ballotpedia

CPN invests B3.8bn in new Khon Kaen development

SET-listed Central Pattana (CPN) is investing 3.8 billion baht in a mixed-use development comprising its second shopping mall in Khon Kaen, a budget hotel and a high-rise condominium project, aiming to capitalise on the province's growing economy and rising urban demand.

Bangkok Post

Everest economy shift: Sherpas move from muscle to mass market, edge out Western firms

Until 2010, outfits like Adventure Consultants and Himex (New Zealand), Alpine Ascents International and International Mountain Guides (US), and Jagged Globe (UK) dominated Everest, while Nepalis worked merely as employees for these firms.

The Times of India

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read the most diverse news in one place.

Walmart Stock Looks Quite Risky Heading Into Q1 Results

Higher oil prices and the K-shaped economy are negative catalysts for WMT stock.

Barchart

Government hails trade deal with Gulf states ‘worth £3.7bn a year’ to UK economy

The UK has become the first G7 country to strike a free trade deal with the bloc of six Gulf states.

Evening Standard

High Energy Prices Are Weighing on the EU Economy. Sell the Euro Here.

September Euro currency futures present a selling opportunity on more price weakness.

Barchart

‘Hottest country in the world’: Donald Trump tries to brag about the economy, accidentally admits how Americans actually feel

Truth finds a way.

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Swatch brawls: why are people fighting over pocket watches?

So now we know exactly what you get when you cross two distinct brands of Swiss watch-making, one affordable (Swatch) and one luxury (Audemars Piguet). You get a new model of watch that attracts massive hype, huge queues and brawling customers.

The Conversation

Donald Trump Unwittingly Admits Looming Economic Fears At White House Picnic Event

At a White House picnic, Donald Trump praised a 'thriving' US economy before conceding 'people aren't seeing it yet'. His attempt to blame Iran war fallout exposes a growing political risk.

International Business Times UK

What the K-Shaped Economy Really Means

As the financial fortunes of the wealthy diverge from everyone else, some businesses are poised to thrive, while others struggle with weakening sales.

Kiplinger

Study to examine economic impact of Edinburgh Fringe Festival announced

New research into the impact the Edinburgh Festival Fringe has on the city's, and Scotland's, economy has been announced

The National (Scotland)

‘James Bond of philanthropy’: Billionaire Chuck Feeney secretly gave away his $8 billion and died with nothing left

For most of his life, Chuck Feeney looked nothing like a billionaire. He flew economy class, wore inexpensive clothes, carried papers in plastic bags, and lived in rented apartments instead of sprawling mansions. Strangers passing him in airports would never have guessed that he was one of the richest men…

The Times of India

The UN has bad news for global growth as Middle East crisis continues

As the Middle East conflict drives up energy costs and clouds outlooks, the UN warns the world economy faces one of its weakest years since the 2008 financial crisis — with Europe among the hardest hit.

Euronews

Why Taiwan remains the biggest flashpoint in US-China relations

During their discussions, President Trump and Xi Jinping placed Taiwan at the forefront of their diplomatic agenda. Trump perceives arms sales to Taiwan as a way to gain leverage, whereas Taiwan insists on its importance for regional harmony. Given its strategic significance in the technology sector, especially in chip manufacturing,…

The Times of India

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The Independent UK

Trump’s Iran War headache grows as new poll shows approval tanking

The survey from The Associated Press-NORC Center for Public Affairs Research reveals that approximately 60% of Republicans now approve of Trump’s handling of the economy

TechRadar

The verification economy is redefining productivity

AI promises efficiency, but rising verification demands are reshaping how productivity is truly measured.

The Independent UK

The harsh economic reality for Putin as he tries to upstage Trump in China

IN DEPTH: As Vladimir Putin goes on a charm offensive with his 25th visit to President Xi Jinping just days after Donald Trump was in Beijing, James C. Reynolds takes a closer look at the economic realities facing all three countries as they jostle for power on the world stage

Evening Standard

Inflation falls to 2.8% in April but Rachel Reeves braces Britain for it to spike in coming months

The drop from 3.3% in March was bigger than expected in the City

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news in one place.

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MyLifeXP

Why Bill Gates Finally Sold Every Microsoft Share

For nearly 50 years, Bill Gates and Microsoft were deeply connected. The company he co-founded with Paul Allen in 1975 changed personal computing forever, built one of the world’s most powerful tech empires, and turned Gates into a global business icon. Even after leaving day-to-day leadership, the Bill & Melinda…

The Economic Times

Air India’s cabin glow-up is fighting the pressure of a brutal money heat

Air India is undergoing a significant fleet overhaul, investing $400 million in refurbishing cabins with new seats, entertainment systems, and branding across its domestic and long-haul aircraft. This transformation aims to reposition the airline as a globally competitive carrier, despite facing substantial financial losses and operational challenges due to geopolitical…

The Economic Times

Samsung union says to embark on 48,000-strong strike on Thursday after impasse on bonuses

Samsung Electronics workers plan a major strike on Thursday. Talks over bonus payments have stalled. This action could disrupt South Korea's economy and global chip supplies. Discussions resumed with government mediation. Samsung cites unacceptable union demands. The strike involves 48,000 workers, 38% of its domestic workforce. This could affect economic…

The Economic Times

Indian banking system robust despite West Asia crisis, falling forex reserves: Experts

Amid the turbulent times following the West Asia escalations, financial leaders expressed strong confidence in the resilience of the Indian economy and its banking architecture. They dismissed immediate panic over dipping foreign exchange reserves and raging geopolitical tensions.

Radio France Internationale

Putin and Xi hail 'unyielding' ties in talks following Trump visit

China's President Xi Jinping hailed his country's "unyielding" ties with Russia in talks with Vladimir Putin on Wednesday, as the pair met to underscore their alliance days after United States President Donald Trump's visit to the Asian superpower.

Bangkok Post

Putin, Xi to underscore alliance strength after Trump visit

BEIJING - Russian President Vladimir Putin meets China's President Xi Jinping in Beijing on Wednesday, seeking to underline their unshakeable alliance in the wake of Donald Trump's visit to the Asian superpower economy.

MyLifeXP

Why India And UAE Are Building A Hidden Super Corridor

The world is entering one of its most unstable and unpredictable periods in decades. Wars are intensifying across the Middle East, global shipping routes remain under threat, and even a single attack near the Strait of Hormuz can shake fuel prices and economies worldwide within hours. As many nations struggle…

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