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…
Iran's economy is deteriorating fast. Will it force Tehran to compromise?
Images emerging from Iran in recent days showing vehicles waiting in long lines to refuel are another indication of the severe economic crisis facing the country – one of the most serious Iran has experienced in decades. The rial has…
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…
Grand Canyon flooding shuts down tourist lodging, threatens economy after last year's fire
Deadly flooding at the Grand Canyon threatens to cause economic damage, with a washed-out pipeline severing the South Rim's water supply and shutting down lodging at the popular tourist vista for an indefinite period. The national park remains open…
Endurance test: On the Indian economy's resilience
India's economic growth during the first quarter of this financial year has surprised most people. Against a perception among economists that growth would slow to about 6%-7% on account of the impact of the West Asia crisis, real growth in the…
Bessent pitches US-backed financial literacy competition to world's largest economies
Driven in part by his own experience with poverty as a child, Treasury Secretary Scott Bessent is pitching a financial literacy campaign to leaders of the world's largest economies and suggesting an investment account program begun under President…
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…
G20 Plans 'Death By A Thousand Cuts' For China's Economy
G20 finance ministers, central bank governors and a handful of high-profile CEOs gathered in Asheville, North Carolina, yesterday. Treasury Secretary Scott Bessent held court, telling allies that the only way out of heavy debt loads is growth, and…
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…
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