Economy Industry News
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Market corrections, bond yields, war: 'Dr. Doom' Nouriel Roubini flags 4 risks to the US economy
Dr. Doom sounds more like Dr. Boom these days, but Nouriel Roubini still sees plenty of risks looming over the US economy. The economist, who's often referred to as ' Dr. Doom ' for his bombastic and frequently bearish predictions in markets, laid…
UK economy expected to have dipped in July despite World Cup boost
News from the City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The UK economy is likely to have shrunk slightly in July…
Numbers show two sides of the economy
As summer comes to a close, it's evident that economic growth and job growth are increasingly telling two different stories. The U.S. economy continued to moderately expand with a 1.5% annualized growth rate in the second quarter. But employment…
Even Supreme Leader Mojtaba Khamenei is worried about Iran's economy and 'social cohesion' as U.S. pressure gets tougher to withstand
Iran's regime maintains an iron grip on power but still can't ignore the impact of U.S. economic warfare, which is getting even tougher. That extends even to Supreme Leader Ayatollah Mojtaba Khamenei, who hasn't been seen in public since the…
UK economy likely to have shrunk in July as retail sales dip and energy bills soar
Economists have warned that the UK economy is likely to have experienced a slight dip in July due to pressure from sluggish retail activity and higher energy costs for households. Analytic teams at Investec and Pantheon Macroeconomics predict that…
Turkey Targets 5% Economic Growth by 2029
Turkey has unveiled its new medium-term economic program, setting ambitious targets for economic growth, inflation, unemployment and the budget deficit through 2029. Vice President Cevdet Yilmaz announced the government's latest economic…
One Nation Alliance calls for Promenade boycott over economic inclusion
The One Love Alliance staged a peaceful protest and human chain in Mitchells Plain on Monday, 31 August calling for jobs, local opportunities and skills development. Image: Ayanda Ndamane/ ANA Studio A consumer boycott of Liberty Promenade Shopping…
Iran warns of 'more painful' response to U.S. attacks as economic pressure mounts
Iranian parliament speaker Mohammad Bagher Ghalibaf warned that future attacks on Iran would receive a “faster, heavier, and more painful” response. U.S. Central Command said American forces struck three Iranian crude carriers after…
Iran Vows Tougher Response as US Sanctions Squeeze Economy
Iran has pledged to intensify efforts to counter the economic impact of U.S. sanctions while warning Washington that any further attacks will trigger a faster and more severe military response. Six months after U.S.-Israeli strikes on Iran…
Don't blame austerity or Brexit for Britain's economic woes
On Tuesday, Andy Burnham addressed MPs on the direction in which he hopes to lead the country, which appears to be back to the halcyon days of the 1970s. The new prime minister argued that the UK began taking wrong turns in the 1980s under his…
The economy, its math and politics
In doing so, Garg did something egregious. He definitely knows better than this, having played a key role in pushing through some of the most controversial agendas in the first term of the Narendra Modi government such as electoral bonds for…
South Africa's chrome riches fuel a deadly underground economy
Rustenburg, South Africa – On August 13, a wall of soil collapsed and killed 14 miners, most of whom were believed to be undocumented migrants, at a disused mining site near Nkaneng, an informal settlement outside Rustenburg in South…
How Tourism Can Save Nepal's Economy As It Recovers From Devastating Floods
In Nepal, tourism is far more than a leisure sector. Summary is AI-generated, newsroom-reviewed Tourism contributes about 7% of Nepal's GDP and supports about a million jobs Experts stress tourism's role in economic recovery and rural stability…
Everyday Economics: Labor market found a floor. Productivity has to do the rest
Last week made the economy look a little less fragile. It did not necessarily make it stronger. Employers added 162,000 jobs in August, unemployment held at 4.1%, and June and July were revised higher by a combined 55,000 jobs. After several weak…
Iran raises price of petrol as US applies economic pressure
TEHRAN - The Iranian authorities on Sept 6 announced they were raising the price of petrol for heavier consumers, as the United States steps up sanctions seeking to isolate the country's economy. Iran's quota system prices petrol in three tiers…
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