Economy Industry News
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Turning the silver economy into a golden opportunity | FHKI Industry Connect | Prof Karen Chan
Hong Kong is entering an era of rapid population aging. By 2046, around 2.74 million people – 36 percent of our population – will be aged 65 or above. Behind these figures is a major shift in consumer demand. As the needs and…
Bond markets rattle economy, sparking controversial buyback
The U.S. bond market is raising alarm bells for the economy, forcing the Trump administration to take emergency measures to ease the immediate impact on American pocketbooks. Long-term borrowing costs hit their highest levels across the world on…
Scott Bessent urges US partners to back plans to 'squash' Iran economy
US Treasury Secretary Scott Bessent urged US allies to support Washington's efforts to 'squash' the Iranian economy. 'We are going to collapse this regime. It is time for our allies and the rest of the world to make a decision,' Bessent told…
3 economy-linked areas of the stock market to buy even as growth slows
Cracks are starting to show in the US economy, but one top investment chief is saying to stick with the cyclical trade. Signs of an economic slowdown have emerged in recent weeks, including a negative July jobs print, a drop in retail sales, and…
AI and healthcare: Creating an 'economy class' or democratising medical expertise?
Artificial intelligence is moving from an experimental technology to an active participant in healthcare. So far, AI tools are helping interpret medical images, summarise clinical records, identify drug candidates, and analyse genomic data. Yet as…
How much could Trump's 'economic D-Day' sanctions hurt Iran?
Nearly six months after US President Donald Trump vowed a swift victory over Iran, the conflict appears to be at a standstill, with prospects of a military victory or negotiated settlement growing dimmer. To break the deadlock, Trump has vowed an…
The Economy Is So Bad That People Are Using Klarna for Rent and Utilities
Can't-miss innovations from the bleeding edge of science and tech There was a time in the not-so-distant-past when credit cards were a genuine novelty for American consumers. First emerging in the late 1950s, credit cards spread through households…
Live updates: Trump warns Iran of 'economic warfare'; bond market sounds alarm
President Trump late Wednesday threatened Iran with a sweeping new economic crackdown, warning that countries helping Tehran evade U.S. pressure could also face consequences. In a post online, Trump described the effort as “Economic Warfare…
CNBC Daily Open: Watching Iran's economy; a losing game for bonds
Bessent says the U.S. likely won't restart large-scale Iran combat, betting economic sanctions can do the job instead. A former Iran central bank adviser disputes Trump's 'collapsing economy' claim, though the UAE's trade cutoff could hurt. Bessent…
Oil and economic news gives White House positive PR on Iran
“These maniacs are on the ropes, and these HISTORIC MEASURES will cripple them and their ability to project terror worldwide,” Trump said Wednesday in a Truth Social post. On Wednesday, a report from Axios citing two U.S. officials…
What property giant Evergrande's sentence means for China's economy
For property giant Evergrande, the face of China's real estate woes, an excruciating saga that has dragged on for years culminated on Thursday with court rulings ordering fines and jail terms. SCROLL TO CONTINUE WITH CONTENT The court in Shenzhen…
Trump administration announces new sanctions on Cuba, escalating economic pressure
Secretary of State Marco Rubio on Thursday announced new sanctions against Cuban individuals and entities, part of the Trump administration's escalating pressure campaign against the communist regime in Havana. The latest sanctions target leaders…
Live: US markets down amid plan to 'collapse' Iran's economy, ASX to follow
Choose what information you see below by using filters What happened overnight in the US? Here's the Reuters summary. US Treasury doubles US long-bond buybacks Analysts, investors worry about mounting government debt Stocks mixed, oil prices climb…
Trump warns of economic consequences for any country that supports Iran
U.S. President Donald Trump warned of economic consequences against any country that provided “any type of lifeline to Iran” as the U.S. looks to resolve a war it began alongside Israel nearly six months ago. Thousands of people have…
After Iran, Trump and his Republicans face their own Economic D-Day
President Donald Trump is preparing to unleash an 'ECONOMIC D-DAY' on Iran —his latest attempt to bully the Islamic Republic to relinquish control over the Strait of Hormuz and agree on a deal. In a Truth Social post last night, he promised…
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