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The Latest Breaking News from Economy

Key Inflation Gauge Hits Three-Year High As Prices Increase Across Different Sectors Of The Economy

The Commerce Department said Thursday that the personal consumption expenditures price index rose 3.8% in April from a year earlier, up from 3.5% in March and the highest annual increase since May 2023.

International Business Times

'Where are the new jobs?': union boss says get fair dinkum about the Hunter's economy

More than 30 jobs have been cut at Broadmeadow and Waratah plants recently.

Newcastle Herald

View: Rupee crossing 100 may not be catastrophic, but can India convince the world about its growth story?

As the global economy wobbles, India's rupee approaches a significant dollar benchmark, influenced by surging oil import prices and substantial foreign capital exits. Even with a robust domestic economic framework, investors globally are wary of India's potential vulnerabilities. In light of these challenges, efforts are intensifying to position India as…

The Economic Times

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EU probes deal that would give Chinese retailer a stake in France's Fnac Darty

The European Union has opened an investigation into Chinese e-commerce giant JD.com’s proposed €2.2 billion takeover of German electronics retailer Ceconomy, which is the second-largest shareholder of French group Fnac Darty. Regulators suspect the bid may involve Chinese subsidies.

Radio France Internationale

US inflation rose at fastest pace in three years in April as Iran war hikes up prices

Americans are growing frustrated with Trump’s handling of the economy as cost of living soars ahead of midterms

The Guardian - US

U.S. GDP Revised Downward To 1.6%, Commerce Department Says

The U.S.'s GDP growth was reviewed downwards to 1.6% from 2% initially reported.

International Business Times

It’s not just high gas prices – inflation is now spreading through the US economy

Americans don’t need a press release to know that inflation is rising. Gasoline is above $4 per gallon amid the ongoing conflict in the Middle East and closure of the Strait of Hormuz, and the release of key price data on May 28, 2026, underscores why policymakers are worried these…

The Conversation

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‘Hidden datacentre tax’ costing Irish households millions, report says

Datacentres used 22% of country’s electricity last year, pushing up household bills, study suggests

The Guardian - UK

Minister vows to press ahead with AI-for-all scheme

Digital Economy and Society Minister Chaichanok Chidchob is defending the government’s TH-AI Passport initiative, insisting the 1.6-billion-baht project is a transparent and cost-effective investment aimed at preventing Thailand from falling behind in the global artificial intelligence race.

Bangkok Post

Central Bank of India well-positioned to surpass Rs 5,000 cr profit in FY27: MD Kalyan Kumar

Central Bank of India targets Rs 5,000 crore annual profit during this fiscal year. A new tax regime offers a significant boost. The bank plans 150 new branches and hiring 1,400 employees. Customer centricity, HR transformation, and technology are key drivers. Enhanced cybersecurity builds customer trust. These steps position the…

The Economic Times

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

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

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Bangkok Post

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.

Fortune

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.

Ballotpedia

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

In this week’s edition of Economy and Society:

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The Economic Times

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 Independent UK

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 Economic Times

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…

International Business 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...

France 24

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…

The Guardian - UK

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

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.

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