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The Latest Breaking News from Economy

What Azim Premji Said About Values, Ethics, and Integrity That Business Schools Miss

Chanakya Set the Standard Premji Actually KeptChanakya wrote in the Arthashastra that a leader's character is not what he declares but what he does when the cost of doing right is real. Azim Premji did not quote Chanakya. He didn't need to. When Wipro was building its early IT business…

Times Life

Hollow promises: Labor's side-stepping out of tune with bullish vow on miners

Phillip O'Neill: Hunter MPs silent as key transition authorities seem unwilling to dirty their boots

Newcastle Herald

Why are CS2 skins so expensive?

The economics behind Counter-Strike's most expensive virtual items.

Dot Esports

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

Flawed disciplinary cases at work cost UK economy £28.5bn a year, doctors say

Poorly handled investigations should be treated as threat to public health and damage not just staff involved, report says

The Guardian - UK

Russia’s economy is an 'illusion' built on debt, and a banking crisis is ready to explode, intel report says, while the Kremlin may seize pensions

The intelligence report estimated that 10% of Russia's corporate ⁠loans may not be repaid, while 15% of retail loans at some top banks may be non-performing.

Fortune

India’s prosperity problem: Public finances now compensate the majority for economic insecurity, regardless of growth

India has significantly reduced extreme poverty, achieving a major development goal. However, recent economic growth has not broadly benefited the majority of its population. Many citizens now depend on government subsidies for basic necessities and services. This situation persists despite the country experiencing rapid economic expansion. The educated youth also…

The Economic Times

Catch a Brainrot Tier List & Guide [RELEASE]

Check out our Catch a Brainrot tier list for the best Brainrots, moves and moveset loadouts for PVE and PVP.

Destructoid

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Recycling body MRAI urges govt to remove 2.5% duty on aluminium scrap

The recycling industry is urging the government to abolish a duty on aluminium scrap. This removal will lower input costs for domestic manufacturers and recyclers. India currently imports most of its aluminium scrap to meet industrial demand. The secondary aluminium sector supports many jobs and contributes to the circular economy.…

The Economic Times

UK economy set to stagnate as Iran war and high energy costs hold back growth

UK economist Sanjay Raja predicted some sectors could get a boost this month due to England’s World Cup success

The Independent UK

UK economy set to have stayed in slow lane after Iran war held back growth

Some economists are expecting GDP to have flatlined or declined in May, after slipping by 0.1% in April.

Evening Standard

Fed officials divided on US inflation views; US home prices hit all-time high

The International Monetary Fund predicts a modest global economic growth of three percent for this year. In the United States, home prices have soared to unprecedented levels, creating challenges for prospective buyers. The Federal Reserve is experiencing internal disagreements about future interest rate policies and inflation management. Moreover, a decline…

The Economic Times

Charting the global economy: Iran war continues to cloud outlook

Japan's bank lending expansion suggests room for the central bank to raise rates further. Meanwhile, high borrowing costs continue to impact the US housing market significantly.

The Economic Times

Six Remote Festivals Across India Where the Ritual Feels Like It Was Never Meant to Be Witnessed

Torgya Festival, Tawang, Arunachal PradeshThree days before Losar, the Tibetan New Year, the monks of Tawang Monastery perform Torgya in near-total isolation at 10,000 feet. The monastery, the largest in India and one of the largest in the world, sits above a town that most domestic tourists have still never…

Times Life

Moldova's president nominates pro-European businessman Vasile Tofan for prime minister

If approved by parliament, Tofan will be tasked with driving Moldova closer to realising its EU membership goal and reviving an economy that has experienced years-long decline.

Euronews

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The Economic Times

IMF growth downgrade, Fed split and oil fears dominate week in global economy

The International Monetary Fund forecasts a sluggish global economic growth of three percent this year. US home prices have reached an all-time high, impacting affordability for buyers. Federal Reserve officials are divided on future inflation trends and interest rate adjustments. Global oil demand is expected to decline for the first…

Bangkok Post

Cash deposits over B5m to face mandatory disclosure

Customers depositing more than 5 million baht in cash will be required to disclose the source of the funds from the fourth quarter as part of tighter measures to curb the grey economy and illicit financial activities, according to Bank of Thailand governor Vitai Ratanakorn.

Fortune

For 250 years, work defined American identity. That era Is ending

AI is not just disrupting jobs. It is destabilizing the work-centered identity that helped define American life, forcing us to invent something new.

The Independent UK

How a vague clause in Trump’s peace deal led to anarchy in the Strait of Hormuz

IN FOCUS: The global economy is facing uncertainty after the resumption of hostilities between the US and Iran. Experts tell Maira Butt that negotiators must go back to the drawing board on the Strait if disruption is to be avoided

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The Guardian - UK

World Cup quarter-final expected to generate £500m sales boost for UK economy

As England prepare to take on Norway on Saturday, sales of pints, takeaways and new TVs continue to surge

The Economic Times

5 world market themes for the week ahead

TSMC's earnings will offer insights into AI chip demand this week. Wall Street banks are set to report, with expectations for strong corporate profits. Oil prices remain volatile amid tensions with Iran and Strait of Hormuz flows. US inflation data will gauge the Federal Reserve's stance on interest rates. Chinese…

TechRadar

'Today, the token economy is emerging': AI use in China increases 1000-fold with usage exceeding 140 trillion tokens a day

With AI token consumption rising dramatically since 2024, AI companies are adapting their pricing to be based on consumption.

International Business Times

Trump Appointed Kevin Warsh as the Federal Reserve Chairman. Now He's Assembling an AI Taskforce

Federal Reserve Chairman Kevin Warsh has assembled a new artificial intelligence task force whose members believe that AI has the potential to reshape the U.S. economy in ways that could benefit government and industry.

The Economic Times

Govt defends ethanol blending, says programme saved Rs 1.9 lakh crore in forex

The government defends its ethanol-blended petrol program amid concerns. This initiative has significantly boosted the sugar economy and farmer incomes. It has also saved India substantial foreign exchange and reduced carbon emissions. Maize is now the largest feedstock for ethanol production, increasing farmer realization. Extensive research confirms E20 fuel is…

Fortune

Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it

"Ultimately, both sides need a deal soon given domestic vulnerabilities: looming U.S. midterms, Iran's economic and political fragilities."

The Economic Times

Bankruptcy boom: Businesses going broke in Europe's biggest economy

Germany faces a widespread corporate insolvency crisis impacting numerous sectors. High energy costs and industrial decline are major contributing factors to this trend. Small and medium-sized businesses are disproportionately affected by these economic pressures. Structural issues like high taxes and bureaucracy also hinder competitiveness. Government reforms aim to address these…

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