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Independent Journalism · Est. 2026
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Independent Journalism · Est. 2026
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Economy

1243 articles · sorted by newest first

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Latest in Economy

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20 results
Economy 8/8/2026

India Steers Expanded BRICS Towards New Economic Frontiers Amidst Global Shifts

India is leading the way as the host of the upcoming 18th BRICS Summit in New Delhi this September, taking charge at a time when the group has grown significantly to include 11 full member nations and 10 partner countries. This year, India has already pushed forward major discussions on trade and industry, resulting in the 'Jaipur Consensus' to help smaller businesses grow globally.

Editorial Team1 min
India Steers Expanded BRICS Towards New Economic Frontiers Amidst Global Shifts
Economy 8/8/2026

US Office Vacancy to Dip Post-2026 as Supply Shrinks, Demand for Quality Rises

The U.S. office market is gearing up for a slow but steady decline in its vacancy rates starting in 2027, after holding mostly stable through the rest of 2026. This is according to a fresh forecast from CoStar, a leading real estate data provider, which notes that national office vacancy eased to just under 14% in the second quarter of 2026, a 30-basis-point drop from its mid-2025 high point. This small shift marks a crucial turn, being only the second time since 2020 that we've seen a consistent increase in occupied office space, signaling a cautious but clear recovery for the sector.

Editorial Team1 min
US Office Vacancy to Dip Post-2026 as Supply Shrinks, Demand for Quality Rises
Economy 8/7/2026

EAEU Sees Strong Economic Rebound, Pivots to Digital Future Amidst Global Challenges

The Eurasian Economic Union (EAEU) is experiencing a significant economic rebound, with its mutual trade expected to hit a record $102 billion in 2026, marking a robust 7.3% growth after a slight dip last year. Russian Prime Minister Mikhail Mishustin, speaking at the Eurasian Intergovernmental Council meeting in Cholpon-Ata today, highlighted strong macroeconomic indicators like growing GDP, industrial production, agriculture, and retail trade across member states, signaling resilience despite global uncertainties. This positive momentum underscores the bloc's strategic shift towards deeper digital integration and the removal of trade hurdles, moving beyond traditional market cooperation.

Editorial Team1 min
EAEU Sees Strong Economic Rebound, Pivots to Digital Future Amidst Global Challenges
Economy 8/7/2026

Asian Markets Jittery as Oil Surges on Hormuz Tensions, US Hits Polysilicon with New Tariffs

Asian stock markets traded mixed to lower today, with key indices like Japan's Nikkei, South Korea's Kospi, and India's Sensex experiencing declines as investors grappled with a potent mix of surging crude oil prices and fresh US tariffs on a critical tech material. The renewed volatility in energy markets, fueled by escalating tensions around the Strait of Hormuz, is making borrowing money more expensive and delaying hopes for global central bank rate cuts. Meanwhile, the United States' new 15% tariff on polysilicon imports adds another layer of uncertainty, directly impacting the supply chains for everything from solar panels to microchips.

Editorial Team1 min
Asian Markets Jittery as Oil Surges on Hormuz Tensions, US Hits Polysilicon with New Tariffs
Economy 8/7/2026

Oil Surges as US-Iran Deal Hopes Dim Amid Strait of Hormuz Tensions

Global oil markets are seeing Brent Crude Futures rally sharply today, with prices pushing above $83 a barrel, as optimism around a potential US-Iran deal to reopen the critical Strait of Hormuz evaporates. Despite recent reports suggesting an interim agreement was close, Tehran's latest denials of direct talks with Washington have quickly reignited supply concerns, leading to a significant upward swing in crude prices.

Editorial Team1 min
Oil Surges as US-Iran Deal Hopes Dim Amid Strait of Hormuz Tensions
Economy 8/7/2026

US Euro Sell-Off for Yen Blindsides ECB, Straining Global Central Bank Ties

In a move that has sparked diplomatic friction, the US Treasury recently conducted a historic currency intervention, selling euros to purchase Japanese yen, and notably informed the European Central Bank (ECB) only after the transaction was completed. This unprecedented action, executed around July 31 and August 1, 2026, aimed to bolster the struggling yen without weakening the US dollar, but senior ECB officials are reportedly viewing it as a serious breach of long-standing international cooperation conventions among Western monetary authorities.

Editorial Team1 min
US Euro Sell-Off for Yen Blindsides ECB, Straining Global Central Bank Ties
Economy 8/7/2026

India's Goyal Strengthens Trade with Brazil, Egypt at BRICS 2026 Summit in Jaipur

Union Commerce and Industry Minister Piyush Goyal has been busy on the sidelines of the BRICS India 2026 Trade and Industry Ministers' Meeting in Jaipur, holding important bilateral talks with his counterparts from Brazil and Egypt. The focus? Deepening trade, attracting more investment, and exploring cooperation in key sectors like agriculture, energy, pharmaceuticals, and even the booming area of digital services. These focused discussions aim to unlock fresh opportunities and strengthen India's economic ties with these vital emerging economies.

Editorial Team1 min
India's Goyal Strengthens Trade with Brazil, Egypt at BRICS 2026 Summit in Jaipur
Economy 8/7/2026

Wealthsimple's 'Predict' App Blurs Investing-Gambling Line, Sparks Regulatory Scrutiny

Wealthsimple is launching its new 'Wealthsimple Predict' app this summer, allowing Canadians to trade on thousands of 'event contracts' through the US-based Kalshi platform, but this move is immediately spotlighting major concerns over consumer protection and the blurry line between investing and gambling. While the Canadian Investment Regulatory Organization (CIRO) gave its nod in March 2026, experts are already flagging that most retail investors tend to lose money in these markets, reigniting the debate about adequate safeguards in Canada's financial landscape.

Editorial Team1 min
Wealthsimple's 'Predict' App Blurs Investing-Gambling Line, Sparks Regulatory Scrutiny
Economy 8/6/2026

US-Iran Deal Optimism Tanks Crude, But Indian Fuel Prices Hold Steady

Global oil markets are taking a huge breather today as Brent crude prices plunged near $80 a barrel, fueled by growing optimism around a potential US-Iran deal to reopen the critical Strait of Hormuz. This sharp decline, falling from around $100 per barrel in late July, reflects market hopes that a diplomatic breakthrough will soon restore significant oil flows from the Gulf, easing supply concerns that have driven prices higher for months.

Editorial Team1 min
US-Iran Deal Optimism Tanks Crude, But Indian Fuel Prices Hold Steady
Economy 8/6/2026

Maybank Joins Singapore's BLOOM Initiative to Revolutionize Global Digital Payments

Maybank Singapore has officially joined the Monetary Authority of Singapore's (MAS) BLOOM initiative, a major step toward building a next-generation system for moving money across countries. This move aims to make international payments faster, cheaper, and more transparent by using 'programmable settlement' powered by digital assets like tokenised bank liabilities and regulated stablecoins. It's a significant development in how banks handle money on a global scale, pushing for a more interconnected financial world.

Editorial Team1 min
Maybank Joins Singapore's BLOOM Initiative to Revolutionize Global Digital Payments
Economy 8/6/2026

UK Unlocks Global Talent Visa for Firms Like AstraZeneca, Luring US Researchers

In a bold move to solidify its position as a global innovation hub, the UK government has expanded its Global Talent Visa, allowing over 100 commercial research businesses, including industry titans AstraZeneca and Jaguar Land Rover, to directly sponsor top international scientists and engineers. This critical update, announced today, significantly broadens access to the fast-track visa route, which typically delivers a decision within three weeks for a £766 fee, aiming to draw crucial talent, particularly from the US amidst its tightening immigration landscape.

Editorial Team1 min
UK Unlocks Global Talent Visa for Firms Like AstraZeneca, Luring US Researchers
Economy 8/6/2026

Trump Administration Pays Out $100 Billion in Tariff Refunds, Faces New Legal Storm

The Trump administration has now processed a staggering $100 billion in tariff refunds to American businesses, marking a significant milestone in returning duties collected under a previous round of tariffs that the US Supreme Court struck down as illegal in February 2026. This payout represents over half of the $166 billion that was unlawfully collected, offering a substantial financial boost to thousands of importers. However, this relief comes amidst fresh controversy, as the administration simultaneously faces new lawsuits from 25 states challenging its latest wave of tariffs imposed under Section 301, which critics argue are a pretext to replace the invalidated duties.

Editorial Team1 min
Trump Administration Pays Out $100 Billion in Tariff Refunds, Faces New Legal Storm
Economy 8/5/2026

Ibstock Plunges to £27M Loss as UK Brick Demand Halves: A Market Bellwether Struggles

UK construction giant Ibstock just announced a hefty £27 million pre-tax loss for the first half of 2026, a sharp drop from last year's £8 million profit, as brick demand took a serious dive. This stark reversal, accompanied by a 15% revenue plunge and a two-thirds cut in its interim dividend, paints a clear picture of the tough times hitting the UK's housing and construction sectors right now.

Editorial Team1 min
Ibstock Plunges to £27M Loss as UK Brick Demand Halves: A Market Bellwether Struggles
Economy 8/5/2026

Hormuz Deal Hopes Spark FTSE 100 Surge as US-Iran Tensions Ease

London's FTSE 100 stock index is on the upswing today, climbing steadily as reports suggest a crucial deal is nearing completion between Iran and the United States regarding the Strait of Hormuz. This potential breakthrough has significantly boosted investor confidence, easing widespread concerns about oil prices and the ongoing geopolitical friction that has rattled global markets for months. The agreement, brokered by Oman, aims to reopen the vital shipping lane that has been severely disrupted by conflict.

Editorial Team1 min
Hormuz Deal Hopes Spark FTSE 100 Surge as US-Iran Tensions Ease
Economy 8/5/2026

RBI Governor Malhotra Assures Ample Liquidity Amid Strong Loan Demand, Eyes Rupee Stability

India's central bank, the Reserve Bank of India (RBI), has moved to calm market nerves, assuring sufficient banking system liquidity to fuel the nation's robust economic growth, even as loan demand remains strong across various sectors. RBI Governor Sanjay Malhotra recently confirmed the central bank's commitment to actively manage liquidity and intervene against excessive movements in the Indian Rupee. This assurance comes hot on the heels of the latest Monetary Policy Committee (MPC) meeting, where interest rates were held steady for the fourth consecutive time amidst a complex global economic landscape.

Editorial Team1 min
RBI Governor Malhotra Assures Ample Liquidity Amid Strong Loan Demand, Eyes Rupee Stability
Economy 8/5/2026

China's Services Growth Hits Two-Year Low, Reigniting Domestic Demand Fears

China's vital services sector unexpectedly slammed the brakes in July 2026, with the RatingDog China Services Business Activity Index plummeting to 50.4, its lowest reading since September 2024. This sharp deceleration, far below the anticipated 53.7, underscores deepening concerns about the durability of the nation's domestic demand recovery, even as robust exports continue to offer some relief to a 'K-shaped' economy.

Editorial Team1 min
China's Services Growth Hits Two-Year Low, Reigniting Domestic Demand Fears
Economy 8/5/2026

Yen Stabilizes After Joint US-Japan Intervention, Dollar Slumps on Mideast Hopes

Global currency markets are buzzing as the Japanese Yen (JPY) finally found its footing around 157.6 per dollar, pulling back sharply from a four-decade low thanks to a rare, coordinated intervention by Japanese and U.S. authorities last week. Meanwhile, the U.S. Dollar (USD) has slipped to a six-week low, softened by fresh optimism surrounding potential diplomatic breakthroughs in the Middle East that have eased oil prices and dimmed expectations for a near-term Federal Reserve interest rate hike.

Editorial Team1 min
Yen Stabilizes After Joint US-Japan Intervention, Dollar Slumps on Mideast Hopes
Economy 8/5/2026

Australia's Electric Shift Accelerates: Nearly Half of New Cars Now Electrified

Australia's automotive market just hit a major turning point, with nearly half of all new vehicles sold in July 2026 being electric or hybrid. This record surge saw electrified cars — including battery electric, plug-in hybrid, and conventional hybrid models — account for a striking 48.4% of new vehicle sales last month, a testament to Aussies' rapidly growing appetite for greener rides. Leading the charge, the Toyota RAV4 topped overall sales, boosted by strong demand for its plug-in and regular hybrid versions, while Chinese brands like BYD also saw significant gains.

Editorial Team1 min
Australia's Electric Shift Accelerates: Nearly Half of New Cars Now Electrified
Economy 8/5/2026

Brazil's Macauba Palm: A $1.5 Billion Bet to Power Green Flights Amid Soaring Jet Fuel Costs

Acelen Renováveis, a company backed by Abu Dhabi's Mubadala Capital, is making a significant $1.5 billion investment in Brazil to produce Sustainable Aviation Fuel (SAF) and renewable diesel from the macauba palm. This bold move aims to tackle the soaring jet fuel prices and meet the growing global demand for greener aviation, with the company expecting its biorefinery to churn out one billion liters of renewable fuels annually by 2029. The macauba palm is a game-changer, promising to yield up to ten times more oil per hectare than traditional crops like soybeans, offering a powerful answer to the aviation industry's urgent need for clean fuel.

Editorial Team1 min
Brazil's Macauba Palm: A $1.5 Billion Bet to Power Green Flights Amid Soaring Jet Fuel Costs
Economy 8/5/2026

Global Markets Soar on Tech Revival and Hormuz Reopening Hopes

North American markets roared back to life on Tuesday, August 4, 2026, with major Canadian and U.S. stock indices hitting record or near-record highs as investors embraced renewed tech optimism and a sudden surge of hope for the reopening of the crucial Strait of Hormuz. Canada's S&P/TSX Composite Index jumped over 575 points to 35,801.59, while U.S. counterparts like the Dow Jones Industrial Average and S&P 500 saw significant gains, with the Nasdaq Composite surging over 670 points as tech shares led the charge. This rally signals a powerful shift in sentiment, overcoming recent concerns about market stability.

Editorial Team1 min
Global Markets Soar on Tech Revival and Hormuz Reopening Hopes
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