Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
War weighs on Iran's economy as US intensifies sanctions
Iranian leaders are acknowledging the economic toll of war with the United States, with the supreme leader calling on the government to address the hardship while the president reported foreign trade has shrunk 35% due to the American sanctions and…
What happens if you give everyone $700? A local economy thrives
Yonas Fote smiles as he proudly shows off his cinema. In an earth-floored room with low wooden benches, he uses a television and sound system to show pirated Nigerian movies dubbed into the local language to his friends. He charges them the…
Oman can't avoid Operation Economic Outcast
Oman's utility to Iran is most evident in the commercial infrastructure that has enabled Iranian sanctions evasion for years. Since January, the Treasury Department has sanctioned three Oman-based companies for helping transport Iranian oil…
Iranian leaders admit economic toll of war with US as trade drops 35%
Iranian leaders are acknowledging the economic toll of war with the United States, with the supreme leader calling on the government to address the hardship while the president reported foreign trade has shrunk 35 per cent due to the American…
Personal bankruptcy filings are soaring in 2026, signaling growing economic distress
The number of personal bankruptcies filed annually fell sharply for more than a decade before the recent uptick, hitting a low of about 368,000 in 2022, down from about 1.5 million in 2010. That number has climbed steadily since 2022. A 2005 law…
Austan Goolsbee Is Worried the Economy Is Overheating
Inflation remains high and the 2% target is farther away than it was this time last year. There are signs all over that the economy is overheating — the strange labor market where hiring and firing remains low, while GDP is growing, but…
Andy Burnham must focus on London to deliver economic growth, says top adviser
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Andy Burnham has been bluntly warned by one…
The America First economics of Trump's Patriot missile shortage
The long-running saga of the supply of U.S. Patriot air defense missiles has taken another turn for the worse this week, after fresh reports of a depletion of stocks down to 'beyond critical' levels in Europe. President Donald Trump 's war with…
Keynote remarks by Chairman Warsh at the 2026 Jackson Hole Economic Policy Symposium
Thank you. It's great to be here again and to see so many familiar faces. I've been looking forward to this weekend—what better place to mark my 100th day as Chairman? For the fine hospitality, everyone here is in debt to President Jeff…
The Strongest El Niño in a Generation Is Wreaking Havoc on Global Economy
For Clément Ray, chief executive of French insect-protein company Innovafeed, El Niño has been a welcome arrival. “It's perfect timing for us,” he said. Innovafeed breeds black soldier flies in a factory in northern…
AI and robotics 'critical' for faster growth in UK economy, says Bank boss
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. Artificial intelligence (AI) and robotics will be a…
U.S. Economy: The Outlook For Housing Worsens
The U.S. housing market remains deeply sluggish, with existing home sales at 30-year lows and no recovery in sight. Elevated mortgage rates near 7% and stagnant wage growth have crushed affordability, especially for mid and entry-level buyers. New…
WATCH LIVE: Fed chair Warsh speaks at Jackson Hole Economic Policy Symposium
WASHINGTON (AP) — New Federal Reserve chair Kevin Warsh has brought sharp change in how the central bank communicates by saying much less than his predecessors about the economy and inflation. Warsh is expected to speak at the Jackson Hole…
Fed chair focuses on prices after US economy sheds more jobs than thought
Kevin Warsh has emphasized that prices will be the central bank's priority during his tenure as chair of the Federal Reserve, even as new figures show that the labor market remains on shaky footing. During his keynote address at the Jackson Hole…
STEPHEN MOORE: Data centers aren't just buildings. They are economic engines
On November 17, 1863, Abraham Lincoln signed an executive order fixing the eastern terminus of the transcontinental railroad at Council Bluffs, Iowa. A modest town on the Missouri River became Mile Zero of the infrastructure that built industrial…
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