Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
As EU Aims For A Circular Economy, Germany's Fashion Industry Is Making A Pro-Business Alliance
German textile manufacturers and retailers are forming an alliance to have a say in shaping the circular economy as the European Union makes them financially and legally responsible for the waste they produce. The new group, which roughly…
Bessent: Iran economy could collapse 'within weeks or months'
Treasury Secretary Scott Bessent on Monday said Iran's economy could collapse “within weeks or months,” as the Trump administration seeks to cripple the Middle Eastern country's economy. “I think it could be within weeks or…
The New Economics Of Software Security: Discovery Is Cheap; Response Isn't
Aaron Mitchell is CEO of HeroDevs, a company that provides Never-Ending Support for end-of-life open-source software. The recently released ' Open Weights and American AI Leadership ' letter has reignited the debate over whether…
Speech by Governor Barr on the economic outlook and financial inclusion
Thank you to the organizers of this important event for the opportunity to be part of it. This conference sits at the intersection of several policy issues that are central, I believe, to the future of the U.S. economy—entrepreneurship…
Ministry and agency tax system reform requests focus on economic strength
Government agencies and ministries have submitted their tax system reform requests for fiscal 2027, including measures aimed at realizing a strong economy, as advocated by the administration of Prime Minister Sanae Takaichi, such as spurring…
Putin envoy warns of Russian economy going 'berserk' on war footing
MOSCOW, Sept 1 (Reuters) - The Russian economy runs a risk of going 'berserk' if it is run to focus entirely on the needs of the military-industrial complex, President Vladimir Putin's international development envoy was quoted as saying on…
Why Trump's War Hasn't Broken Iran's Economy
Iran's economy was already under strain before the US and Israel launched their war on the Islamic Republic, grappling with negative growth, soaring inflation and a currency crisis. Those problems were compounded by strikes on the nation's civilian…
Sophie Cunningham and the cynical economics of the anti-trans athlete
Before this summer, the WNBA player Sophie Cunningham was probably most famous for her decision, in the waning seconds of a 2025 game, to more or less tackle an opponent who had poked the eye of her Indiana Fever teammate Caitlin Clark. In the…
John Healey unveils new actions to stop Russia's evasion of economic sanctions
John Healey has announced new actions to clamp down on Russia 's evasion of economic sanctions as he called on international allies to help “disrupt the financial networks fuelling Russia's aggression”. The new Chancellor used his…
AI could cause global economic downturn, Andrew Bailey warns G20
The governor of the Bank of England has warned G20 finance ministers that artificial intelligence could cause a global economic downturn and pose a significant cyber security risk to financial systems. Andrew Bailey said any collapse of growth in…
Bank of England Governor Warns AI Represents Threat to the Global Economy
The governor of the central bank of the United Kingdom is worried that AI's potentially catastrophic economic impact can spread across borders. “For the financial system, the most immediate concern is the potential impact of frontier AI on…
Iran Uses Xi-Putin Bloc to Counter Bessent's Economic Warfare
A week into the US campaign to make Iran an economic outcast, the Islamic Republic is meeting world leaders and touting ways to boost trade. Iranian President Masoud Pezeshkian spent Monday and Tuesday with fellow leaders at the Shanghai…
Ukraine war briefing: Pressure stays on Russian economy until war is over, says Bessent
No economic relief for Russia is possible until its war in Ukraine ends, the US treasury secretary, Scott Bessent, has told a Russian counterpart. Bessent met with Anton Siluanov, the Russian finance minister, at a G20…
CNBC's The China Connection newsletter: McKinsey's contrarian economic view
China has become more challenging for foreign business. McKinsey's Joe Ngai says part of the disappointment is due to a rare 20-year success story. Chinese companies are now so competitive they can't be ignored. Cheng Xin | Getty Images News |…
Chey Tae-won proposes $6 trillion South Korea-Japan economic bloc
Aug. 31 (Asia Today) -- South Korean business leader Chey Tae-won proposed closer integration between South Korea and Japan to create what he described as a combined economic market worth more than $6 trillion. Chey, chairman of the Korea Chamber…
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