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The Latest Breaking News from Economy

Warren's Plan To 'Fix' Social Security Would Be Largest Tax Increase in Over 40 Years

Her plan is being pitched as a tax on the wealthy, but half the burden would fall on businesses. That would have dire consequences for the economy.

Reason

Iran’s environmental catastrophe has also wrecked its economy

For several decades, Iran has devoted substantial financial, institutional and political resources to military expansion. It has invested heavily in supporting its regional partners, as well as in pursuing geopolitical influence across the Middle East.

The Conversation

IMF expects world economy to grow a sluggish 3% this year, weighed down by Iran war but helped by AI

The International Monetary Fund on Wednesday modestly downgraded its outlook for the world economy this year, citing the energy shock caused by the Iran war

The Independent UK

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UK inflation to fall faster than predicted as impact of Iran war ‘better than feared’

UK inflation projections have been tempered by the interim US-Iran peace deal, which helped to ease oil prices

The Independent UK

IMF upgrades UK growth forecast as fears over impact of Iran war diminish

July update projects GDP growth of 1% this year, making UK the third fastest-growing economy in the G7

The Guardian - UK

IMF sees India among fastest-growing major economies despite trimming FY27 GDP growth projection to 6.4%

India's economy is anticipated to expand by 6.4 percent in fiscal year 2026-27, bolstered by strong private consumption and active service sectors. Although global growth is predicted to ease to 3.0 percent in 2026, domestic demand is set to drive India's economic growth amidst international uncertainties. The Reserve Bank of…

The Economic Times

UK inflation set to ease back faster than expected, says IMF

It came as the global economic body said the global economic shock from the conflict in the Middle East was ‘better than feared’.

Evening Standard

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First Class Gets Champagne, Economy Gets Crowds: US Airlines Redesign Flights Around High-Paying Passengers

US airlines are investing in premium travel options to attract high-spending passengers, expanding luxury services while economy travellers face higher costs and additional fees.

International Business Times UK

Surge pricing is broken – but there’s a smarter way to match gig workers with consumers

Millions of Americans tap their smartphone screens daily to order rides, groceries or dinner, hooked on the seamless convenience of the gig economy.

The Conversation

India's economy suffers from 'standstill' in ambition despite 6% growth, says Surjit Bhalla

Economist Surjit Bhalla notes India's economic standstill despite six percent growth. He argues government protectionism discourages manufacturing investment and global competitiveness. Indian firms possess healthy balance sheets but avoid large-scale manufacturing commitments. Bhalla contrasts India's approach with East Asian models demanding export performance. He suggests moving away from protectionism to…

The Economic Times

Spain pitches €850bn per year in common EU borrowing

Spanish Economy Minister Carlos Cuerpo will pitch a new common debt mechanism ahead of a meeting of euro-area finance ministers in Brussels on Thursday.

Euronews

AI’s productivity gains are years away, but if it doesn’t deliver, it could make unsustainable debt levels even worse, Deutsche Bank economist says

Jim Reid was optimistic on AI’s ability to transform the economy, but suggested its benefits were not yet guaranteed.

Fortune

The key global economic risks to watch in the second half of 2026

After six months defined by war, an oil shock and a frenzied AI trade, economists say the rest of the year hangs on a chain of interlocking risks, with the fragile peace between the US and Iran as the key factor.

Euronews

India to roll out new high-frequency economy barometer on July 14

India will launch a new services production index next week to track activity in the country's dominant services economy. It aims to provide timely economic insights for policymakers and businesses. The index will use digital and administrative data sources for compilation. This new tool will complement India's existing main barometer…

The Economic Times

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The Economic Times

Are bluechip stocks cheap and safe to invest in now? Radhika Gupta explains why the answer isn't so simple

Edelweiss Mutual Fund MD & CEO Radhika Gupta says investors should move beyond the belief that large-cap stocks are inherently safer, arguing India's evolving economy favours bottom-up investing across market caps. She remains optimistic about domestic inflows, advocates diversified portfolios with global exposure, and expects double-digit equity returns, while cautioning…

International Business Times UK

Leaked Intel Warns Putin Faces 'Explosive' Banking Crisis as Half a Million Russians Go Bankrupt Over War Debts

A leaked European intelligence report warns of an impending banking crisis in Russia, driven by war economy pressures, rising bankruptcies, and increased exposure to bad loans.

France 24

Undeterred by blasts, Macron says France ready to help rebuild Syria's economy

A daily update on the latest business and economic news.

International Business Times

IPSE on the Next Chapter of Intellectual Property Financing in an Economy Defined by Intangible Value

Intellectual Property Securities Corporation (IPSE) observes that financing and monetizing IP through conventional capital market structures may still present challenges, creating an opportunity to reconsider how these assets participate in modern finance.

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Bangkok Post

Analyst: Telecom schism stalls agenda

The government should wield its legal power to rescue the National Broadcasting and Telecommunications Commission (NBTC) from an alleged lack of unity among commissioners, which is stalling some critical national digital agendas, says a telecom and regulatory law analyst who requested anonymity.

Bangkok Post

Thailand Post widens Tang Rat's digital scope

The Digital Economy and Society (DES) Ministry plans to integrate two of Thailand Post's digital platforms into the government's Tang Rat super app, aiming to expand online public services and strengthen domestic e-commerce.

International Business Times UK

'Mars Will Be Part of America': Elon Musk's Sinking Ship Warning and His Vow That He Will 'Die in US'

Elon Musk had warned that 'if the ship of America sinks, we all sink with it', vowing he will 'die in America' and even claiming any future Mars colony would be 'part of America'.

International Business Times UK

Sinking to 61.5%: The Alarming Economic Low Threatening to Tank Trump's Second-Term Legacy

The US labour market faces scrutiny as participation rates hit a four-year low, raising concerns about economic momentum and President Trump's economic policies amid a disappointing June jobs report.

The Economic Times

US airlines are redesigning travel around their highest-paying passengers

Major airlines are focusing on premium travelers, offering enhanced comfort and convenience. This strategy creates a noticeable difference between front and back cabin experiences. Airlines are reconfiguring aircraft and investing in amenities for top-tier passengers. Meanwhile, budget-conscious travelers face rising fares and additional fees. This trend indicates a growing stratification…

The Independent UK

Airlines are redesigning travel to cater to highest-paying passengers

Budget-conscious travelers are increasingly witnessing a widening gap between the front and back of the plane

The Economic Times

'India's economy is driving global growth': PM Modi tells Indian diaspora in Jakarta; says India is following the mantra of 'Reform, Perform and Transform'

Prime Minister Narendra Modi addressed the Indian diaspora in Jakarta during his Indonesia visit. He emphasized India's growing economy as a major driver of global growth. Modi highlighted the deep civilisational heritage shared between India and Indonesia. He also spoke about receiving Indonesia's highest civilian honor. The Prime Minister thanked…

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