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The Latest Breaking News from Economy

The US job market is strong but many Americans are still frustrated by prospects and rising prices

U.S. employers added a surprising 172,000 jobs in May as the labor market continued to show resilience in the face of rising costs from the Iran war

AAP

Eurozone Economy Shrinks In First Quarter Dragged By Ireland

The Eurozone's economy shrunk by 0.2% in the first quarter of the year dragged by Ireland's sharp contraction.

International Business Times

Putin slams Western sanctions as damaging to the global economy

Russian President Vladimir Putin says developing countries have gained an increasingly important role in the global economy, while the share of output by Western countries has shrunk

AAP

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When global trade becomes a weapon, how can African economies protect themselves?

“Today, everyone recognises that trade is as much a security issue as an economic one.”

The Conversation

RBI policy press conference: Here's everything that came up for discussion

The Reserve Bank of India unveiled new measures to attract deposits and bolster the economy. Governor Sanjay Malhotra discussed strategies for economic growth and inflation management. The central bank aims to draw in foreign exchange through various initiatives. These steps are designed to ensure a stable economic environment and encourage…

The Economic Times

Can unions power the AI economy? AFL-CIO’s Liz Shuler thinks so

Also: All the news and watercooler chat from Fortune.

Fortune

Eurozone economy shrinks by 0.2% in the first quarter of 2026

The 21-member euro area has entered negative territory for the first time in over a year, with a dramatic Irish contraction masking more nuanced performances across the bloc's major economies.

Euronews

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India likely to outpace RBI growth forecasts, says World Bank's Neelkanth Mishra

India's economy is set for robust growth, exceeding Reserve Bank of India forecasts, World Bank Executive Director Neelkanth Mishra said. According to him, the economy is performing significantly better than official projections. He also supported RBI's decision to maintain interest rates.

The Economic Times

Trump promised deportations would protect American jobs. Brookings said ICE raids have cost the economy over 668,000 of them

A recent study from Brookings found that ICE arrests shocked local economies and drove unemployment.

Fortune

Will Modi Leave Office in a Year? Rahul Gandhi Thinks So

A single political statement can sometimes dominate the national conversation. That is exactly what happened when Rahul Gandhi declared that Prime Minister Narendra Modi would not remain in office a year from now. The prediction immediately grabbed attention. But what made it even more striking was the reason behind it.…

MyLifeXP

RBI MPC: India's Goldilocks moment dims, but the lights are not out

India's economic "Goldilocks moment" is shifting as the RBI raises its inflation forecast and lowers growth projections due to external shocks like the West Asia conflict and elevated oil prices. Despite these headwinds, the central bank believes strong domestic fundamentals, including resilient consumption and investment, will help cushion the blow.

The Economic Times

FED:Poll surge for populists trigger for PM's tax backflip

Australians believing the economy wasn't working for them forced the federal government to change its stance and implement controversial tax reforms.

AAP

RBI MPC Meeting 2026: West Asia war shock is a concern, but India can ride it out 'with minimum pain', says Sanjay Malhotra

2026 RBI MPC Meeting: The Reserve Bank of India acknowledges global economic challenges from the West Asia conflict. Rising energy prices and supply chain issues create headwinds. However, India has built strong buffers. Diversified oil sourcing and robust foreign exchange reserves protect the economy. The central bank remains confident in…

The Economic Times

RBI GDP growth 2026-27: Forecast cut to 6.6% as oil, war and subpar monsoon risks mount

RBI GDP Growth 2026-27: The Reserve Bank of India has reduced its economic growth forecast for FY27 to 6.6 percent. This adjustment comes amid concerns over global conflicts, energy prices, and weather. The central bank has maintained the key interest rate at 5.25 percent. India's economy shows resilience, but future…

The Economic Times

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The Economic Times

U.S Stock Market on Friday: S&P 500, Dow Jones, Nasdaq, Russell 2000 investors eye May jobs report. Check VIX volatility index, list of key Wall Street factors

U.S Stock Market investors will keep an eye on the latest jobs report. It will indicate the health of the economy amid fears of rising inflation.

Fortune

‘The next China is still China’: McKinsey’s Joe Ngai and Nick Leung on why global business can’t write off the Chinese economy

“You can’t find another China. There’s no other China out there now," Greater China chair Joe Ngai says.

Beating Broke

Why More Americans Are Building a “Mini Emergency Fund” in 2026—And How $500 Can Change Everything

For years, financial experts have encouraged households to save three to six months of expenses for emergencies. While that remains a worthwhile goal, many Americans in 2026 are taking a more achievable first step by creating a mini emergency fund. Instead of trying to save thousands of dollars immediately, people…

Capital & Main

California’s Economy Runs on Labor Trump Wants to Deport

Undocumented workers help fund public services, fill essential jobs and generate billions in economic activity, study finds.

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Bangkok Post

The practice of forced labour hides in plain sight

Thailand hosts about 4.1 million migrant workers, registered and unregistered alike. They build buildings, staff factories, harvest fields, crew fishing boats and tend homes. They keep labour costs competitive and fill shortages that no domestic workforce can. Without them, Thailand's economy would falter.

Bangkok Post

Resale homes take larger market share

Second-hand homes have become more popular among Thai homebuyers since the pandemic, with their share of both transaction volume and value increasing as new home transfers declined, reflecting weaker purchasing power amid a slowing economy.

Newsroom.co.nz

Fuel shocks, southern booms and rate hikes: Navigating NZ’s economic questions

Fuel prices are up, the South Island is booming, and interest rates may not be done yet. BNZ’s Mike Jones unpacks the economic questions facing New Zealand.

The Conversation

Poison or poverty: the impossible economic choices facing Ghana’s e-waste workers

Agbogbloshie, in Ghana’s capital city, Accra, is a sprawling, open-air scrapyard located next to a lagoon and a growing informal settlement. Roughly 6,000 people dismantle, recycle and burn old and broken electronics there.

The Independent UK

The US just had its highest number of people file for unemployment benefits since the Iran war started

The war in Iran has injected significant uncertainty into the broader US economy and its labor market

France 24

France's ban on Israeli weapons at Eurosatory 'shameful', says economy minister

Speaking to FRANCE 24, Nir Barkat, Israel's economy minister called France's decision to ban Israeli offensive weapons from the Eurosatory defence fair "shameful", warning that Israel would "bypass France" to reach its customers. He argued Israel had "no choice but to eliminate" Iran's capabilities, and said he preferred "to be…

Fortune

10,000 Boomers a day, $39 trillion in debt, and no benefit cuts: Bessent stakes Social Security on the Trump economy

Bessent vowed, "the senior citizen does not not pay more taxes and the senior citizen does not get less benefits." Meanwhile the trust fund is going broke.

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