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

Economy

1239 articles · sorted by newest first

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Latest in Economy

Latest in Economy
20 results
Economy 6/10/2026

MP questions steel plant reopening

Thailand's industrial regulatory landscape is under intense scrutiny after United Thai Nation Party (UTN) list-MP Atavit Suwanpakdee demanded the Ministry of Industry revisit its controversial June 5 decision to allow Xin Ke Yuan Steel Co Ltd to resume production following an 18-month suspension. The MP's urgent call, backed by the Thailand Structural Engineers Association (TSEA), centers on critical quality control concerns regarding the company's steel, particularly its reliance on Induction Furnace (IF) technology, and its alleged historical lack of a Ladle Refining Furnace (LRF) — a vital component for impurity removal. This move reopens a contentious chapter, as Xin Ke Yuan's SKY-branded steel was implicated in the March 2025 collapse of an under-construction State Audit Office (SAO) building, sparking widespread public safety fears.

Editorial Team1 min
MP questions steel plant reopening
Economy 6/10/2026

'Undervalued' disability workers push for pay rise

Australia's vital community and disability services sector is on the brink of significant upheaval as the Australian Services Union (ASU) launches an 'historic' pay claim for a 35 percent wage increase for 300,000 workers. The union argues that these predominantly female workers have been systematically undervalued and underpaid for decades, a situation exacerbated by rising cost-of-living pressures and a critical workforce shortage threatening the integrity of the National Disability Insurance Scheme (NDIS). The claim, presented to the Fair Work Commission, directly challenges the current economic framework underpinning essential care services.

Editorial Team1 min
'Undervalued' disability workers push for pay rise
Economy 6/10/2026

Amazon issues record-setting Canadian dollar-denominated corporate bond deal - BNN Bloomberg

Amazon has just executed a record-setting C$14 billion (US$10 billion) Canadian dollar-denominated corporate bond deal, marking the largest offering of its kind in Canadian history. This unprecedented move primarily aims to fuel the tech giant's insatiable demand for Artificial Intelligence (AI) infrastructure, underpinning a global borrowing spree by hyperscalers scrambling for capital.

Editorial Team1 min
Amazon issues record-setting Canadian dollar-denominated corporate bond deal - BNN Bloomberg
Economy 6/10/2026

Nkayi FMD quarantine lifted

The Matabeleland North Veterinary Directorate has finally lifted the grueling 18-month foot-and-mouth disease (FMD) quarantine in Nkayi district, a move that immediately unchains hundreds of communal farmers from severe livestock movement restrictions. This long-awaited decision, effective after extensive clinical and serological surveillance confirmed the disease's containment, signals a critical step towards economic recovery for a region heavily reliant on its cattle industry.

Editorial Team1 min
Nkayi FMD quarantine lifted
Economy 6/9/2026

Schools cutting subjects due to teacher shortage 'crisis'

Secondary schools are actively cutting specialist subjects, including critical language and STEM programs, as the global teacher shortage crisis intensifies into mid-2026, forcing a direct reduction in curriculum offerings. Springfield Public Schools in the US, for instance, has recently eliminated its secondary Spanish dual immersion classes due to budget constraints and low participation, signaling a broader trend where schools sacrifice specialized instruction amidst an acute lack of qualified educators. This immediate contraction of course availability directly threatens student opportunities and national competitiveness.

Editorial Team1 min
Schools cutting subjects due to teacher shortage 'crisis'
Economy 6/8/2026

Analysis-How a few AI chip giants warped Asia's stock picking game

Asian markets have been jolted by a 'Black Monday' unwind, as an AI-fueled rally in semiconductor giants like TSMC, Samsung, and SK Hynix abruptly reversed, triggering sharp sell-offs and forcing active fund managers to ditch their top-performing holdings. South Korea's Kospi plunged over 8% on June 8, reflecting growing fears that the eye-watering valuations in the AI sector had run ahead of fundamentals, exacerbated by a disappointing forecast from Broadcom and concerns over higher US interest rates. This dramatic correction highlights a structural trap, where the unprecedented concentration of these AI chip behemoths — comprising nearly a third of the MSCI Asia Pacific ex-Japan Index and over 50% of national benchmarks like the KOSPI — compels fund managers to sell due to risk compliance limits, regardless of underlying performance. The situation has warped traditional stock picking, accelerating a massive flight of capital from active to passive investment strategies across Asia, with billions flowing out of actively managed funds in recent months.

Editorial Team1 min
Analysis-How a few AI chip giants warped Asia's stock picking game
Economy 6/8/2026

Taiwan Stock Market Crash: TSMC Stocks Suffer Record Intraday Drop as Taiex Plunges Over 2,600 Points

Taiwan's Taiex index suffered a historic intraday plunge exceeding 2,600 points on Monday, as market heavyweight TSMC (Taiwan Semiconductor Manufacturing Co.) recorded its largest-ever single-day drop. The dramatic sell-off, which wiped NT$3.5 trillion (US$111 billion) from TSMC's market capitalization, mirrored a bruising Friday session on Wall Street, where a stronger-than-expected US jobs report intensified fears of sustained high interest rates stifling the booming artificial intelligence (AI) sector.

Editorial Team1 min
Taiwan Stock Market Crash: TSMC Stocks Suffer Record Intraday Drop as Taiex Plunges Over 2,600 Points
Economy 6/8/2026

BitGo MENA Launches Regulated Electronic Trading, Delivering Full Suite Trading Services to the Region

BitGo MENA FZE has officially launched its regulated electronic trading platform in the Middle East and North Africa, operating under a Broker-Dealer license from Dubai's Virtual Assets Regulatory Authority (VARA). This move significantly enhances BitGo's institutional offering in the region, combining existing over-the-counter (OTC) services with advanced electronic execution and segregated custody, directly addressing the burgeoning demand for secure, compliant digital asset solutions from institutional clients.

Editorial Team1 min
BitGo MENA Launches Regulated Electronic Trading, Delivering Full Suite Trading Services to the Region
Economy 6/8/2026

Donald Trump says Fed rate increase would be wrong, again calls for cut

Former President Donald Trump has reignited his aggressive public campaign against Federal Reserve policy, lambasting any potential interest rate increase as 'wrong' just days after a surprisingly robust US jobs report for May fueled market speculation of higher borrowing costs. His latest intervention, delivered in a Sunday interview, directly challenges the central bank's independence under its newly installed Chair, Kevin Warsh, whom Trump himself nominated. The May jobs report, which saw the US economy add 172,000 new jobs and held the unemployment rate steady at 4.3%, significantly exceeded expectations, leading many economists to declare immediate rate cuts off the table.

Editorial Team1 min
Donald Trump says Fed rate increase would be wrong, again calls for cut
Economy 6/8/2026

Bangladesh developing a globally aligned eye care system

Bangladesh is making a critical move to standardize its eye care sector, with the government unveiling initiatives on June 7, 2026, to establish formal registration and regulatory policies for optometry professionals. This systemic overhaul aims to combat prevalent vision impairment and align with global health standards, poised to enhance public trust and ensure quality eye care for its vast population, particularly in underserved rural areas.

Editorial Team1 min
Bangladesh developing a globally aligned eye care system
Economy 6/8/2026

Trump’s top economic adviser issues surprise verdict on latest jobs report

White House National Economic Council Director Kevin Hassett delivered a surprising verdict on the May jobs report, calling it a 'much-needed dose of optimism' for the administration. His bullish outlook, articulated amidst a challenging global economic and geopolitical landscape, provides critical fodder for the White House as it navigates persistent economic headwinds and upcoming policy decisions.

Editorial Team1 min
Trump’s top economic adviser issues surprise verdict on latest jobs report
Economy 6/7/2026

Opec+ set for fourth increase in oil output targets since Hormuz closure

Seven core OPEC+ members today announced a fourth consecutive monthly increase in oil output targets for July, adding a symbolic 188,000 barrels per day to quotas even as the ongoing closure of the Strait of Hormuz continues to throttle actual supply. This move, unfolding against the backdrop of a U.S.-Iran conflict that has sparked the largest supply disruption in history, underscores a stark disconnect between policy signals and physical market realities.

Editorial Team1 min
Opec+ set for fourth increase in oil output targets since Hormuz closure
Economy 6/7/2026

As OPEC+ meets, Iran war hobbles power to shape oil market

The OPEC+ alliance, meeting today, June 7, is poised to announce another symbolic increase of 188,000 barrels per day (bpd) in oil output targets for July, marking the fourth consecutive monthly hike. This move, primarily driven by a core group of seven members including Saudi Arabia and Russia, comes as the ongoing US war with Iran continues to severely disrupt global oil flows via the critical Strait of Hormuz, effectively hobbling the cartel's ability to genuinely influence market supply and cap surging prices.

Editorial Team1 min
As OPEC+ meets, Iran war hobbles power to shape oil market
Economy 6/7/2026

Russian marketplaces have logistics centers in almost all CIS countries — deputy minister

Russian e-commerce giants are aggressively building out logistics infrastructure across the Commonwealth of Independent States (CIS) and far beyond, signaling Moscow's deliberate pivot to new economic partnerships. Deputy Minister of Industry and Trade Roman Chekushov highlighted this expansion, which sees major players like Ozon and Wildberries establishing extensive fulfillment centers and delivery hubs from Central Asia to Turkey, and eyeing further growth into Africa and the Global South. This strategic build-out is critical for Russia to sustain trade flows and circumvent Western sanctions.

Editorial Team1 min
Russian marketplaces have logistics centers in almost all CIS countries — deputy minister
Economy 6/6/2026

Why BofA remains bearish on euro

Bank of America (BofA) has reaffirmed its cautious near-term outlook on the euro, currently trading around 1.15-1.16 against the US Dollar. The financial giant cites persistent energy market risks in Europe and sustained stronger US economic momentum as primary headwinds, suggesting continued pressure on the common currency in the immediate months. This near-term bearish outlook contrasts with BofA's own longer-term bullish forecast for the euro by late 2026, creating a complex interplay for currency traders.

Editorial Team1 min
Why BofA remains bearish on euro
Economy 6/6/2026

States agree to share data with DOJ to fight Medicaid fraud

Federal efforts to combat the estimated $80 billion in annual Medicaid fraud received a significant boost this week, as the U.S. Department of Justice (DOJ), in collaboration with the Centers for Medicare & Medicaid Services (CMS), secured a landmark Data Sharing Agreement with the state of Indiana. Announced by CMS head Dr. Mehmet Oz and FBI Director Kash Patel in Columbus, Ohio, this pilot program leverages Oracle Health's data platform to conduct an unprecedented Statewide Fraud Review of all Indiana-based Healthcare Providers, marking a critical step towards a unified national anti-fraud strategy.

Editorial Team1 min
States agree to share data with DOJ to fight Medicaid fraud
Economy 6/6/2026

US stocks close sharply lower. The NASDAQ index has it worse trading day since April 2025

US equity markets endured a brutal Friday session, with the tech-heavy NASDAQ plummeting 4.18% — its steepest daily decline since April 2025. The selloff, which saw the S&P 500 shed 2.65%, was triggered by a surprisingly robust U.S. employment report that dashed hopes for imminent Federal Reserve rate cuts, compounded by news of major tech companies resorting to large equity raises to fund their AI ambitions.

Editorial Team1 min
US stocks close sharply lower. The NASDAQ index has it worse trading day since April 2025
Economy 6/6/2026

Crypto market crash: Why Bitcoin, XRP, Ethereum and altcoins are down today? Latest crypto market news and price analysis as BTC falls below $60,000, ETH plunges nearly 12%, and the Nasdaq Crypto Index drops almost 7%

The crypto market is enduring a brutal sell-off today, with Bitcoin decisively breaching the psychologically critical $60,000 support level, while Ethereum plummeted nearly 12% and the broader Nasdaq Crypto Index shed almost 7%. This sharp capitulation is primarily driven by a significant cool-off in institutional demand for Spot Bitcoin ETFs, signaling a shift in risk appetite post-halving euphoria.

Editorial Team1 min
Crypto market crash: Why Bitcoin, XRP, Ethereum and altcoins are down today? Latest crypto market news and price analysis as BTC falls below $60,000, ETH plunges nearly 12%, and the Nasdaq Crypto Index drops almost 7%
Economy 6/6/2026

How Big Tobacco helped design Lunchables—and gave birth to the ultra-processed food industry

A bombshell study published in the American Journal of Public Health has definitively linked the rise of ultra-processed foods (UPFs) like Lunchables to research and development practices pioneered by Big Tobacco. Authored by UCSF's Laura Schmidt, the paper reveals how tobacco giants, notably Philip Morris, leveraged their expertise in flavor engineering and consumer psychology to craft hyper-palatable convenience foods, challenging the industry's long-held narrative of independent innovation.

Editorial Team1 min
How Big Tobacco helped design Lunchables—and gave birth to the ultra-processed food industry
Economy 6/6/2026

Courting foreign investors

The Central Bank of Helios moved aggressively Friday, unveiling a comprehensive package designed to lure back crucial dollar deposits and foreign portfolio investment. The measures, including higher-yield dollar-denominated savings schemes reminiscent of FCNR deposits and expedited approvals for FPIs into government bonds, aim to stem recent capital flight and inject much-needed foreign exchange into the economy, bolstering the struggling Heliosian Dinar.

Editorial Team1 min
Courting foreign investors
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