Economy Industry News

ED CONWAY: If this war doesn't end there will be economic catastrophe

We have never seen anything quite like this before. There have been wars in the Persian Gulf – at least two of them in living memory. There have been oil price shocks – most famously in the 1970s and 1980s. There have been cost of…

Outdoor Recreation Industry Provides $10.6 Billion Impact On Maryland Economy

ANNAPOLIS, Md. – Maryland's outdoor industry generated 1.9% of Maryland's gross domestic in 2024, according to a recent report by the federal Bureau of Economic Analysis, generating $10.6 billion through boating, hiking, hunting, fishing…

'Trumpflation': how the Iran war's economic storm could affect Britons

Yet another cost of living crisis looms with fuel, food, holiday, energy and home loan prices expected to rise Here we go again. For Britons it has been a rollercoaster few years and just as better times seemed ahead the country has been plunged…

'The stakes are enormous': how a prolonged Iran war could shock the global economy

In the days after the US and Israel first bombed Iran, financial markets bet the economic fallout from Donald Trump's “ little excursion ” in the Middle East would be short-lived. “There are risks from higher oil prices longer…

The economy has a Strait of Hormuz deadline for Trump: Two weeks

Corporate executives on a recent CNBC CFO Council call expressed concern about the risk of a sustained rise in oil prices if the Strait of Hormuz closure is not soon resolved. President Trump issued a deadline for Iran to reopen the strait over the…

How China's traditional powerhouses are handling its economic transformation

AI, flying cars drive economic transition in China's Kunshan

As China undergoes a sweeping economic transition, its regions are also in the process of embracing change. The powerhouses of yesteryear must adapt or risk falling behind, as traditional industries become less reliable growth drivers and new…

China vows to continue opening its economy amid trade tensions with U.S.

Chinese Premier Li Qiang pledges balanced trade, greater openness China seeks to reassure foreign investors as foreign direct investment continues to decline Apple, Samsung, Volkswagen executives attend Beijing's annual development forum Bloomberg…

Opinion | F1 could be Hong Kong's fast lane for economic reinvention

In October last year, Singapore's three-day Formula One (F1) Grand Prix showcased the tremendous economic impact that world-class sporting events can bring to a city. The event attracted more than 300,000 attendees, the second highest in its…

Labour's migration mutiny could lead to economic disaster - it's a ticking timebomb

Shabana Mahmood is trying to get her reforms past mutinous MPs This was always going to be an almighty ruck. A source in the Conservative Party, ironically, first alerted me to the growing mutiny over Shabana Mahmood's immigration reforms. They…

Middle East war: global economic fallout

If the war drags out more than six months, 'all the economies of the world will be damaged', said the head of French oil giant TotalEnergies. 'If this conflict lasts three, four months, we can swallow it' thanks to existing oil inventories, CEO…

[Opinion] The existential crisis of mainstream economics

Had I not read Angus Deaton's Economics in America: An Immigrant Economist Explores the Land of Inequality (Princeton University Press 2023), I would not have learned that one of the most devastating blows to the economics profession was delivered…

North Carolina's economic dean gives an update - Salisbury Post

Mike Walden is the dean of North Carolina economists, having studied, written and lectured on our economy for more than 40 years. When Walden speaks, we listen. Recently, Dr. Walden spoke to the Raleigh Investors Club, and we felt his remarks worth…

Oil prices 'to soar to $200' as Trump's Iran war puts global economy on the brink

Fuel prices are under pressure as fears grow oil could surge towards $200 a barrel Oil prices could soar to a staggering $200 a barrel amid fears that escalating conflict in the Middle East may choke off one of the world's most critical energy…

Nearly half of Ohioans don't make enough to be economically secure, report says

COLUMBUS, Ohio — Updated data from the Urban Institute underscores what candidates and pollsters are hearing in Ohio and around the country: Average people are having a harder and harder time getting by. Other measures, such as those of…