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Independent Journalism · Est. 2026
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Independent Journalism · Est. 2026
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All Stories

Economy

1240 articles · sorted by newest first

AllMarkets & FinanceMacro & PolicyLabor & TradeCrypto & Digital Assets

Latest in Economy

Latest in Economy
20 results
Economy 7/26/2026

JPMorgan Declares End of Easy Money, Most Americans Missed Bitcoin's Wild Ride

JPMorgan Chase, America's largest bank, has just dropped a stark warning: the era of 'cheap money' is definitively over, a seismic shift few average Americans were prepared for. This declaration comes as the bank points to a future of persistently higher interest rates, driven by a cocktail of global economic pressures. Adding salt to the wound, most everyday citizens reportedly sat on the sidelines as Bitcoin delivered an astonishing 22,700% rally over the past decade, missing a rare chance at significant wealth growth.

Editorial Team1 min
JPMorgan Declares End of Easy Money, Most Americans Missed Bitcoin's Wild Ride
Economy 7/25/2026

Nigerian SMEs Get ₦1.1 Trillion Boost Amidst Economic Headwinds, Investor Confidence Soars

Nigeria's small and medium-sized enterprises (SMEs) have seen a massive ₦1.1 trillion (that's about 1.46 billion US dollars!) flow their way, reaching over 700,000 businesses. This significant boost, highlighted in the recently released Nigerian Impact Investment Landscape Study 2025, signals a growing confidence among investors who are keen on projects that bring both money and positive social change, even as the country battles tough economic conditions like high inflation and unpredictable exchange rates.

Editorial Team1 min
Nigerian SMEs Get ₦1.1 Trillion Boost Amidst Economic Headwinds, Investor Confidence Soars
Economy 7/25/2026

Cadillac Mines Fuels Canada's IPO Surge with C$385M Gold Listing

Cadillac Mines Corp., a Canadian gold and critical minerals explorer, just wrapped up a significantly 'upsized' Initial Public Offering (IPO) in Canada, raising a hefty C$385 million (about $273 million USD) from both the company and its existing shareholders. This move, finalized on July 24, 2026, marks a major win for the Toronto-based firm and clearly shows the strong return of investor interest in Canada's mining sector.

Editorial Team1 min
Cadillac Mines Fuels Canada's IPO Surge with C$385M Gold Listing
Economy 7/25/2026

Global Outcry as Trump Imposes 'Forced Labor' Tariffs on 60 Nations

President Donald Trump has ignited a fresh global trade dispute, imposing new tariffs of 10% to 12.5% on imports from 60 countries, effective July 24, 2026. The White House justifies this move under Section 301 of the Trade Act of 1974, claiming these nations fail to effectively ban goods made with forced labor. However, world leaders from close allies like Australia, New Zealand, Japan, and the European Union are slamming the rationale as baseless and 'completely unjustified.'

Editorial Team1 min
Global Outcry as Trump Imposes 'Forced Labor' Tariffs on 60 Nations
Economy 7/24/2026

India Blasts US 10% Forced Labor Tariff, Citing Lack of Evidence

India's Global Trade Research Initiative (GTRI) has sharply condemned the United States' new 10% Section 301 tariff on Indian exports, effective July 24, 2026, arguing Washington has failed to provide any credible evidence of forced labor violations. The economic think tank suggests the move is more about maintaining existing trade barriers inherited from the Trump administration than genuinely addressing human rights concerns. This comes as approximately 70% of India's manufactured exports now face this additional duty, alongside their standard Most Favored Nation (MFN) tariff.

Editorial Team1 min
India Blasts US 10% Forced Labor Tariff, Citing Lack of Evidence
Economy 7/24/2026

Gold Stumbles as Rising Oil Fuels Fed Rate Hike Fears Ahead of Key Meeting

Gold prices are taking a hit, dropping further after a 2% slide yesterday, now hovering just above the critical $4,000 mark. This dip comes as investors brace for potential interest rate hikes from the U.S. Federal Reserve, driven by renewed worries about inflation. The catalyst? Brent crude oil surging past $100 a barrel, making everything from fuel to everyday goods more expensive.

Editorial Team1 min
Gold Stumbles as Rising Oil Fuels Fed Rate Hike Fears Ahead of Key Meeting
Economy 7/24/2026

Copper Rush: ASX Juniors Brave South America's Toughest Terrain for Giant Deposits

Australian junior mining companies are making a bold pivot to South America, pouring capital into a high-stakes hunt for massive copper-gold deposits as global copper prices continue their upward climb. This shift is happening despite significant operational hurdles like severe water scarcity, spiking sulfuric acid costs, and persistent infrastructure challenges across the continent, signaling a desperate scramble to meet the soaring demand for the critical metal. Companies like Piche Resources are actively raising funds for exploration in Argentina, while Super Copper Corp. has mobilized for drilling in Chile's Atacama region, aiming to tap into one of the world's richest copper belts.

Editorial Team1 min
Copper Rush: ASX Juniors Brave South America's Toughest Terrain for Giant Deposits
Economy 7/24/2026

China's Central Bank Signals Weaker Yuan, Fueling Growth and Trade Debates

The People's Bank of China (PBOC) has set today's USD/CNY reference rate at 6.7939, a notable move above the 6.7795 market estimate and yesterday's close of 6.7777. This higher fixing signals a weaker yuan, giving a clear policy steer from Beijing as it navigates complex domestic economic pressures and global trade dynamics.

Editorial Team1 min
China's Central Bank Signals Weaker Yuan, Fueling Growth and Trade Debates
Economy 7/24/2026

Oil's Shockwave: Middle East Conflict Sends Asian Markets and Global Bonds Spiraling

Asian stock markets are reeling, and global bond markets are in a chokehold today as Brent crude oil prices violently surge past $100 a barrel, fueled by the intensifying US-Iran conflict and Houthi attacks on vital shipping lanes. This dramatic oil spike is reigniting fears of persistent inflation, forcing central banks worldwide to reconsider their interest rate strategies and potentially abandon any thoughts of cuts. The ripple effect is immediately visible: South Korea's Kospi plunged nearly 6%, Japan's Nikkei 225 shed almost 3%, and other major Asian indices like Hong Kong's Hang Seng and the Shanghai Composite saw significant drops, while India's Sensex also traded lower.

Editorial Team1 min
Oil's Shockwave: Middle East Conflict Sends Asian Markets and Global Bonds Spiraling
Economy 7/24/2026

Trump Unleashes Sweeping 'Forced Labor' Tariffs on 60 Nations as Old Levies Expire

President Donald Trump's administration has just rolled out new double-digit tariffs on imports from 60 countries, effective July 24, 2026, citing their alleged failure to curb 'forced labor' in supply chains. These new levies, ranging from 10% to 12.5%, immediately replace a temporary 10% global import tax that expired at midnight, marking a significant escalation in the President's efforts to reshape global trade under the banner of human rights and American economic interests.

Editorial Team1 min
Trump Unleashes Sweeping 'Forced Labor' Tariffs on 60 Nations as Old Levies Expire
Economy 7/24/2026

Trump Nominates Emergency Doctor Timothy Westlake to Lead SAMHSA Amid Policy Shifts

President Donald Trump has officially nominated Dr. Timothy Westlake, a Wisconsin emergency physician and the current Chief of Staff at the Substance Abuse and Mental Health Services Administration (SAMHSA), to lead the crucial federal agency as Assistant Secretary for Mental Health and Substance Use. This move, announced on July 14, 2026, positions a doctor with extensive frontline experience in addiction and a personal history of recovery at the helm of an agency central to the nation's behavioral health efforts, pending Senate confirmation.

Editorial Team1 min
Trump Nominates Emergency Doctor Timothy Westlake to Lead SAMHSA Amid Policy Shifts
Economy 7/23/2026

Centrica Sheds 1,300 Jobs Amid Digital Shift and Profit Dip at British Gas

British Gas owner Centrica is set to cut a significant 1,300 jobs over the next two years, including an additional 800 announced recently, as it grapples with a major shift in customer behaviour and an 18% drop in first-half adjusted core profit. This overhaul will impact roughly 14% of its customer operations workforce, affecting key call centre locations across the UK.

Editorial Team1 min
Centrica Sheds 1,300 Jobs Amid Digital Shift and Profit Dip at British Gas
Economy 7/23/2026

India's Trade Explodes: RBI Cites Robust Growth, Surge in Foreign Investment

India's external trade sector has kicked off the new financial year with exceptional momentum, according to the Reserve Bank of India's latest bulletin, showcasing strong growth in both exports and imports during the first quarter of 2026-27. This robust performance is a key sign of India's economic resilience amidst global uncertainties and signals growing confidence from international investors.

Editorial Team1 min
India's Trade Explodes: RBI Cites Robust Growth, Surge in Foreign Investment
Economy 7/23/2026

KNUST Secures $3M Mastercard Foundation Prize for Pioneering African Higher Education Transformation

Ghana's Kwame Nkrumah University of Science and Technology (KNUST) has made headlines as one of five inaugural recipients of the Africa Higher Education for Transformation (AHEFT) Prize, securing a $3 million grant from the Mastercard Foundation. Announced this week, the prestigious award recognizes KNUST's exceptional leadership in driving institution-wide transformation and expanding vital opportunities for young people across the continent, particularly through its robust research and innovation ecosystem.

Editorial Team1 min
KNUST Secures $3M Mastercard Foundation Prize for Pioneering African Higher Education Transformation
Economy 7/23/2026

Vietnam Pressures US to End Trade Probes as Trump-Era Tariffs Near Expiry

Hanoi is making a strong push for Washington to wrap up its lingering trade investigations, with Vietnam's foreign ministry urging the US to conclude the Section 301 probes ahead of a looming tariff deadline. The appeal came on Thursday, July 23, 2026, as Vietnamese Foreign Minister Le Hoai Trung met US Secretary of State Marco Rubio on the sidelines of an ASEAN summit in Manila, spotlighting the urgency of the stalled trade negotiations between the two nations. A temporary 10% tariff on Vietnamese goods, initially imposed by former President Donald Trump, is set to expire on Friday, adding pressure to an already tense situation.

Editorial Team1 min
Vietnam Pressures US to End Trade Probes as Trump-Era Tariffs Near Expiry
Economy 7/23/2026

KLCI Edges Up as Surging Oil Battles US Tech Slump and Global Unease

Malaysia's benchmark FBM KLCI managed a modest 0.19% gain to close at 1,714.59 on Thursday, snapping a three-day losing streak, but this slight uptick reflects a deeply split market as soaring global oil prices clash with a struggling US tech sector. While buying interest in energy and utilities offered some support, broader market sentiment remained cautious amidst widespread global economic jitters. The index's resilience in the face of international headwinds shows investors are carefully picking winners, especially those benefiting from rising commodity costs.

Editorial Team1 min
KLCI Edges Up as Surging Oil Battles US Tech Slump and Global Unease
Economy 7/23/2026

New York Landlords Launch Legal Fight Against Mayor Mamdani's Rent Freeze

New York City's rental market is facing a major legal battle as a group of landlords sued Mayor Zohran Mamdani on Wednesday to stop his controversial rent freeze. The lawsuit aims to block a policy that would halt rent increases for approximately one million rent-stabilized apartments from October 1, 2026, through September 30, 2027, fulfilling a key campaign promise from the self-declared democratic socialist mayor. This move is part of Mamdani's broader crackdown on landlords, which also includes plans to formally recognize tenant unions and potentially ban or limit credit checks for prospective renters.

Editorial Team1 min
New York Landlords Launch Legal Fight Against Mayor Mamdani's Rent Freeze
Economy 7/22/2026

Guam Schools Lock In Free Meals for All Students Through 2027, Boosting Well-being

The Guam Department of Education (GDOE) has confirmed that all students will continue to receive free breakfast and lunch throughout School Year 2026-2027, leveraging the U.S. Department of Agriculture's (USDA) Community Eligibility Provision (CEP). This critical move ensures that thousands of students across the island will have consistent access to nutritious meals, alleviating a significant financial burden for families and directly supporting student well-being and academic performance.

Editorial Team1 min
Guam Schools Lock In Free Meals for All Students Through 2027, Boosting Well-being
Economy 7/22/2026

New PM Andy Burnham Urged to Axe Youth Job Taxes Amidst Soaring Unemployment

Just days into his premiership, Prime Minister Andy Burnham faces an urgent demand from the UK Parliament's Work and Pensions Committee to scrap job taxes for all under-25s, a critical move aimed at tackling a worsening youth unemployment crisis. The cross-party committee, in a new report released this week, highlights that current government policies are falling short as over one million young people aged 16 to 24 are currently not in education, employment, or training (NEET). This urgent call puts immediate pressure on Burnham to deliver on his pledge to offer 'hope for every young person' and address the escalating jobless rates.

Editorial Team1 min
New PM Andy Burnham Urged to Axe Youth Job Taxes Amidst Soaring Unemployment
Economy 7/22/2026

Trump Declares Stiff Future Tariffs on Generic Drugs to Drive US Production

US President Donald Trump has unveiled a sweeping new trade policy impacting generic drug imports, announcing phased tariffs that will escalate to 200% by August 2029. Starting August 1, 2026, generic drugs will remain tariff-free for two years, but this will be followed by a 100% duty from August 2028 for one year, and then a hefty 200% tariff thereafter. The move, announced on Truth Social, aims to aggressively 'reshore' pharmaceutical production to the United States and reduce the nation's heavy reliance on foreign-made medicines.

Editorial Team1 min
Trump Declares Stiff Future Tariffs on Generic Drugs to Drive US Production
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