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The Latest Breaking News from Economy

Rachel Reeves pleads with Labour MPs not to topple Keir Starmer after surprise 0.6% jump in GDP

The rise in economic growth was stronger than expected by the City but markets have been hit by the turmoil at the heart of Government

Evening Standard

UK economy records strongest quarterly growth in a year

Gross Domestic Product increased by 0.6% between January and March, the Office for National Statistics said.

Evening Standard

Reeves seizes on surprise UK growth as evidence Labour leadership must stay

Chancellor says ‘now not the time to put economic stability at risk’ as ONS records 0.3% growth in first month of Iran war

The Guardian - UK

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Reeves warns against risking economic stability with leadership battle, after UK growth beats forecasts in March – as it happened

Chancellor warns against plunging the country ‘into chaos’ with leadership battle, after economy grows at fastest pace in a year in Q1 2026

The Guardian - UK

Preparing for Rupee at 100: What does it mean for the economy and your stock market investments?

The Indian rupee is nearing the Rs 100 per dollar mark, driven by rising crude oil prices and foreign investor outflows. This depreciation fuels imported inflation, complicates RBI policy, and creates uneven impacts across equity sectors. Investors are advised to focus on resilient businesses as currency volatility persists.

The Economic Times

Samsung Electronics urges union to resume talks as strike threat looms

Samsung's labour union has rejected a call to resume pay talks, demanding transparency in the company's bonus scheme. A threatened 18-day strike looms if demands aren't met, with the government urging both sides to negotiate to protect South Korea's vital chip export economy.

The Economic Times

'Too much Vishnu': Banker Uday Kotak says India needs more of Brahma and Mahesh to become a powerful economy

Veteran banker Uday Kotak urged India to embrace innovation and disruptive thinking to become a powerful economy, warning that excessive focus on preservation could hinder its rise. He emphasized the need for more creation and destruction, akin to Brahma and Mahesh, to drive economic change in a world increasingly defined…

The Economic Times

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U.S. College Graduates Are Entering a 'Low-Hire' Economy With Fewer Openings, Report Details

The national unemployment rate sits near 4.2%, but a new report describes a labor market that looks healthy from the outside but feels broken to many people trying to enter or reenter it.

International Business Times

US Senate confirms Kevin Warsh as Federal Reserve chair, following Jerome Powell

Kevin Warsh is now the new head of the Federal Reserve. He takes charge at a difficult economic time. Inflation is high and gas prices are rising. The Fed faces internal disagreements. President Trump has pressured the Fed for lower interest rates. Warsh promises independence. He faces challenges in managing…

The Economic Times

Kevin Warsh confirmed to lead Federal Reserve

He becomes Fed chair at a moment of resurgent inflation, public discontent with the economy and attacks on the central bank's independence.

Axios

Top 10 countries with the most gold in 2026: USA tops, China and India lead the global rankings

Gold is amongst the safest forms of investment in the world as it serves as an insurance instrument against inflation, foreign exchange risks, and political instability. It is very usual for the foreign exchange reserves of a country to have some quantity of gold in them. According to the figures…

The Times of India

$5 Trillion Crisis: New Study Warns Diabetes Will Devastate Global Economy by 2050

A study warns diabetes may cost the global economy over $5 trillion by 2050, highlighting its impact on productivity and growth across 190 countries.

International Business Times UK

There's more to Uber’s India data centre bet than meets the eye

Uber is setting the stage for its first-ever data center in India through a strategic alliance with the Adani Group. This development not only accentuates India's pivotal role in the global tech arena but also highlights the significance of local data processing and artificial intelligence. For Uber, this venture paves…

The Economic Times

‘Build it and they will come’: the hopes new life for former lido will revive Weston-super-Mare

Council has voted to lease the Tropicana to entertainment company Live Nation which plans to turn abandoned space into events venue

The Guardian - UK

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The Conversation

Brazil, Russia, India, China and South Africa: how they stack up on reusing waste

The global economy still largely follows a simple pattern: extract natural resources, manufacture products, use them and then throw them away. This “take, make, dispose” model has driven economic growth for decades. But increasing use of resources has also damaged the environment, contributing to climate change, biodiversity loss and pollution.

The Times of India

Archaeologists found a hidden 1800s whisky distillery deep in the Scottish Highlands

Deep in the rugged landscape of Ben Lawers National Nature Reserve, archaeologists uncovered rare proof of Scotland's secretive whisky trade from the 19th century. They found an ‘An Gearradan,’ a copper alloy collar, which connected a still to its cooling equipment. Copper cost a lot back then, so finding this…

Fortune

For 250 years, America didn't just invent the future — it built it. That connection is breaking. Here's how to restore it

As Fortune marks 250 years of American innovation, McKinsey leaders argue the country faces its most consequential reinvention test yet.

The Economic Times

India can become world's AI skill capital if AI literacy doubles by 2030: IBM India MD

With the right investment in education and training, India is on track to emerge as the global hub for artificial intelligence skills by 2030. IBM India & South Asia's Managing Director, Sandip Patel, expresses optimism about this prospect, estimating that AI could inject over $500 billion into the country's economy.

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The Independent UK

Why Modi is asking people in India to stop buying gold

The unusual appeal from the prime minister has a direct impact on India’s foreign exchange reserves as the economy grapples with energy crisis and declining currency value, writes Namita Singh

The Economic Times

AI could add over $500 billion to India's economy by 2030: Study

Artificial Intelligence promises to boost India's economy by over $500 billion by 2030. Indian business leaders are optimistic about AI's role in GDP growth. However, many companies are still in the pilot phase of AI adoption. Key challenges include cloud infrastructure, data quality, and a growing skills gap. India aims…

Euronews

Iran's economy is being tested by war, blockades and soaring inflation

Inflation has hit 54% and the rial has lost more than half its value, but Tehran insists it can hold out

Euronews

Which European economies are growing the fastest in 2026?

The eurozone has slowed sharply, expanding just 0.8% year-on-year in the first quarter of 2026. Yet three economies are growing several times faster than the bloc as a whole.

Barchart

Stock Index Futures Gain as Tech Stocks Rebound, U.S. PPI Data and Trump-Xi Summit in Focus

June S&P 500 E-Mini futures (ESM26) are up +0.25%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.79% this morning, buoyed by gains in technology stocks, while investors gear up for crucial U.S. producer inflation data and the highly anticipated Trump-Xi summit.

The Economic Times

Tax cuts collide with inflation as voters weigh Trump's economy in the midterms

Voters in North Carolina face a tough economic choice. While tax cuts aim to boost incomes, rising prices for rent, food, and fuel are a major concern. This financial tug-of-war is shaping how people view the upcoming midterm elections. Candidates Roy Cooper and Michael Whatley offer contrasting economic visions.

Axios

Trump shrugs off rising inflation as war deepens economic spiral

The bottom is falling out on Trump's signature issue.

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