Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Iran's economic ties to Dubai hard to break despite war
In the markets of old Dubai, saffron, cumin, pistachios and almonds from Iran still fill the stalls, as if the two shores of the Gulf were not separated by war. Last month, the United Arab Emirates announced the suspension of trade and financial…
The perilous economic conditions facing the UK can be traced back to Trump | Richard Partington
Britain is not entirely in control of its own destiny, from the rising cost of the weekly shop, to the vaulting cost of government borrowing. What is said and done in Westminster matters. But the global backdrop is making life tough, not least in…
AI Is reviving Chinese Marxist economics
ATHENS — As China embraced capitalism, its leading universities adopted mainstream Western textbooks to mold their students' thinking about the economy. “Most of my colleagues pay only lip service to Marxism,” an economics…
The GOP is betting culture will outweigh economic pain for voters this November
“Right after the election, oil prices are going to be tumbling downward,” Trump said. “I think it's going to take a little bit longer than the midterm.” With no end to the war in sight, Republicans are centering their…
China bets on early Sudan deals to secure post-war economic edge
China is moving early to secure a role in Sudan's reconstruction, pursuing port and power agreements with the army-backed government while the war continues and many Western countries maintain only a limited presence. One expert also said Beijing…
The economic puzzle behind AI giants' doomsday warnings
You have reached your maximum number of saved items. Remove items from your saved list to add more. Artificial intelligence researchers are not only racing to develop super-intelligent models, they're also vying to out-do each other in making ever…
Premium economy is getting better, but is it actually worth the price?
Emirates has just announced its premium economy flyers will get adjustable privacy screens between seats, the first of its kind for PE flyers. The electrically operated screen rises from the armrest to the full height of the seatback. In a major…
Zuckerberg's pushing for open AI models: Economic gain or safety?
“The more capable and agentic — meaning they take actions in the world in pursuit of a goal — these models become, the bigger this concern gets,” Conitzer said. “We've seen how OpenAI's agents decided to hack…
Xi Pushes 'Greater BRICS' Economic Ties to Give Bloc Larger Global Role
NEW DELHI, Sept 13 (Reuters) - Chinese President Xi Jinping unveiled on Sunday initiatives in areas ranging from AI to trade to deepen cooperation among the 'Greater BRICS' emerging economies, as Beijing seeks to weld the grouping…
Paramount Leaving California Will Devastate Los Angeles Economy, Leaked Report Finds
A leaked report from the Los Angeles Economic Development Corporation outlines devastating aftershocks that would follow if David Ellison pulled Paramount Skydance out of California. A copy of the report published by Politico reads, “At a…
Economics Needs a New Approach to Inflation
Four years have passed since the COVID-19 pandemic's inflation in the wake of the American economy's reopening hit its peak, and the American business cycle is today in a strange way. Wanting to slow the rise in prices that accompanied the…
Amazon workers on food stamps have tripled despite its record revenue-and it's just the latest evidence of the new economy of shrinking labor shares
The U.S. workforce has just made the type of history it likely wishes it didn't. Working Americans are taking home the smallest percentage of economic output, 52.8%, since the Bureau of Labor Statistics began tracking the metric in 1947. But as the…
Sunday shows preview: Republicans talk strategy as midterms approach; Iran conflict, Canada trade war leave economy in flux
Republican leaders traveled to Dallas this week for the GOP's midterm convention, fueling the party's President Trump-forward midterm strategy, as the party fights to maintain control in both chambers of Congress this November. The two-day event…
Groups call for end to tariffs on sports gear, warn of economic impacts
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Everyday Economics: The Fed can't pump more oil
(The Center Square) – The Federal Reserve is widely expected to raise interest rates this week. Markets now put the odds of a quarter-point hike at roughly 85%. Inflation is still too high. But the most important question is not whether…
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