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The Latest Breaking News from Economy

Trump’s approval hits second-term low with brutal poll showing America’s disdain for Iran war and rising costs

President receives low marks from voters in his handling of the cost of living, the economy and Iran war

The Independent UK

Trump’s trip to China doesn’t move the needle on low approval ratings

President Donald Trump returned from China with few concrete wins, and his refusal to owe Xi Jinping a favor in return for the Chinese president’s help reopening the Strait of Hormuz highlights his lack of a plan to ease Republicans’ gas prices concerns as Democrats hammer his 79-day-old conflict. After…

Roll Call

A record number of 18-year-olds are set to graduate into an economy designed against them

It's the commencement season that Gen Z fought back as America hits peak 18 and peak data center at the same time.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

The Iran war is now changing your Social Security check; here's the new 2027 COLA number

Social Security COLA update 2027: Gas prices in America have surged above $4.10 per gallon, up sharply from $3.17 last year, and the impact is now reaching Social Security checks. The latest inflation spike, fueled by global oil tensions and the Iran conflict, is increasing pressure on millions of retirees…

The Economic Times

Labour must stick to Reeves’ fiscal rules to avoid market chaos, IMF warns

UK economy sees growth upgrade but government advised to ‘stay the course’

The Independent UK

Iran war hit to UK growth less than feared but inflation still to rise – IMF

The International Monetary Fund (IMF) updated its growth projections a month after warning of a sharp slowdown caused by the global energy shock.

Evening Standard

In 1831, a man digging into a Scottish sandbank found carved ivory figures that rewrote medieval history

In 1831, a man on the Isle of Lewis unearthed the remarkable Lewis Chessmen, carved from walrus ivory. These pieces reveal a sophisticated medieval global economy, with Norse traders facilitating a centuries-long supply chain from Greenland's Arctic resources to elite markets across Europe, showcasing early forms of luxury branding and…

The Economic Times

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No degree, no advice: China cracks down on 'fake experts', bars uncertified influencers

China is implementing stringent new regulations for its influencer economy. Content creators discussing sensitive topics like health and law will need verified professional qualifications. Platforms must also ensure AI-generated content is clearly disclosed. This move aims to elevate information standards, though concerns linger about potential impacts on public discourse.

The Times of India

Strait of Hormuz is now India's biggest market risk, says Ashi Anand

Indian markets await clarity on Strait of Hormuz shipping. Ashi Anand of IME Capital suggests a defensive market approach. Oil prices near $110 per barrel strain India's economy. Fuel price hikes are expected to continue. Pharma and metals sectors show resilience due to specific growth drivers. China-plus-one strategy remains a…

The Economic Times

US Stock Market: AI boom and consumer spending trends take center stage as earnings season nears key test

S&P 500 and NASDAQ Composite are heading into a crucial week near record highs, with investors focused on two key themes — the AI-driven market rally and the strength of U.S. consumer spending amid sticky inflation. Earnings from NVIDIA and major retailers like Walmart, Home Depot, Target and TJX Companies…

The Economic Times

India poised for strong growth revival despite global risks: Morgan Stanley

Morgan Stanley sees India's economy entering a new growth phase. Strong domestic demand and policy support are expected to boost corporate earnings. Indian equities are set for a strong year. Investments in key sectors will strengthen growth momentum. India's role in global GDP growth is increasing.

The Economic Times

Global Market: China’s April growth slows sharply as consumption, factory output weaken

China's economy shows signs of slowing down. Industrial output, retail sales, and investment activity weakened in April. This slowdown is linked to higher energy costs and subdued domestic demand. Exports offered some support, but consumer spending remains a concern. The property market downturn also continues to impact the economy.

The Economic Times

AI Is Quietly Creating a New Global Economy Around Data, and Datavault Wants its Share

Most people still think of artificial intelligence as a software revolution.

inkl

China's economy slows in April as output, retail sales disappoint in blow to outlook

China’s industrial output growth slowed to 4.1% in April from 5.7% in March, missing market expectations of a 5.9% rise, official data showed on Monday.

The Economic Times

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The Economic Times

Want to jump into the 'China is back' rally? Tread carefully

Investors are increasingly betting that “China is back” as the economy rebounds from years of deflation, helped by strong manufacturing, exports and growth in sectors such as AI, electric vehicles, green energy and high-end manufacturing. China’s GDP grew 5% in the first quarter, while tech and industrial stocks in Hong…

Evening Standard

SNP Westminster leader demands urgent review of UK’s ‘anti-business policies’

Dave Doogan said policies such as the rise in employer national insurance contributions should be ‘scrapped as soon as possible’.

The Guardian - US

The American epoch of oil is collapsing. What comes next could be ugly

China is dominating the energy transition with astonishing result, while fossil fuel fascists in the US try to turn back the clock

The Independent UK

Westminster ‘chaos’ turning people off Union, Sinn Fein Stormont minister says

Caoimhe Archibald, the Sinn Fein Economy Minister, said it ‘does not matter’ who is Prime Minister for people in Northern Ireland.

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The Economic Times

Delhi Government to provide collateral-free loans up to Rs 10 crore to women startups

Delhi Chief Minister Rekha Gupta announced collateral-free loans up to Rs 10 crore for women's self-help groups and startups. The government will act as guarantor. This initiative aims to boost local products and promote 'Vocal for Local'. Platforms will be provided in malls for indigenous goods. The move supports women…

The Economic Times

Charting the global economy: Inflation mounts as war drags on

The Iran war is causing global economic disruption. Inflation is rising, impacting consumers and markets worldwide. The US sees its worst inflation in years, while Europe braces for interest rate hikes.

The Economic Times

India scrambles to steady rupee as oil shock bites

India is scrambling to salvage a sinking rupee as surging oil prices linked to the Middle East conflict threaten to disrupt the world's fastest-growing major economy. The depreciation has punctured India's ambition to become the world's third-largest economy.

AAP

Australian economy expected to add thousands more jobs

The Australian Bureau of Statistics is forecast to post a positive gain in jobs when it publishes new data, as economists mull over sweeping tax changes.

International Business Times UK

Trump's Three-Time Voter Brands President 'Naive' as Iran War Sends Fuel Prices Soaring in GOP Areas

The US-Iran conflict has driven oil prices up, impacting rural Colorado's economy and testing political loyalties, as residents express frustration over the administration's handling of the crisis.

Tom’s Guide

I've discovered the best way to sleep on a plane after a recent trip to Taiwan — and it all started with a foot hammock

My top 5 hacks for sleeping on a plane, with advice from experts and the biggest mistakes people make.

Euronews

Nvidia surpasses Germany: How the market caps of tech giants compare to top economies

Nvidia’s market capitalisation ($5.7 trillion) has overtaken Germany’s GDP ($5.45 trillion). The combined value of the five largest US companies now exceeds the total GDP of Europe’s five largest economies.

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