Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Flawed economic models mean climate crisis could crash global economy, experts warn
Flawed economic models mean the accelerating impact of the climate crisis could lead to a global financial crash, experts warn. Recovery would be far harder than after the 2008 financial crash, they said, as “we can't bail out the Earth like…
The foundations of a low-carbon economy
For communities built around industry, the road to net zero raises a critical challenge: how do we protect energy-intensive jobs while cutting emissions? Will the factories that anchor local economies survive the transition and can they remain…
The Export-Import Bank is spending big to secure our economic future
Announced this week in the Oval Office by President Trump and the chairman of the Export-Import Bank of the United States, Project Vault is a $12 billion investment in America's economic security that establishes a new strategic reserve for…
What a Human Rights Watch report says about the economic toll of backsliding rights in Asia
BANGKOK -- Widespread backsliding on protections of basic rights is taking a toll on Asian economies as growing inequality leaves the poor vulnerable to labor abuses and scams, a report by Human Rights Watch says. The report released Thursday says…
How GM is preparing for an economic downturn
Getting your Trinity Audio player ready... General Motors Co. is strategizing for an inevitable economic downturn by paring down dealer inventory and maintaining a cash safety net, Chief Financial Officer Paul Jacobson said Wednesday. Jacobson's…
China's clean power energising economy, adding a Brazil's worth of GDP: report
Clean energy technologies – led by solar power and electric vehicles – drove more than one-third of China's economic growth last year and over 90 per cent of the rise in investment, according to a new study. China's clean energy…
Speech by Governor Cook on the economic outlook
Thank you, Francisco, for the kind introduction, and many thanks to the Economic Club of Miami for the opportunity to speak with you today. It is wonderful to see firsthand the vibrant and growing South Florida economy. The Miami region's…
Freeland hopes for less economic dependency on China in future
Countries having cautious reliance on China while maintaining constructive engagement is essential to the future of globalisation in a world where trade is increasingly used as a weapon, according to Canada's former deputy prime minister.
Bank of Canada Gov. Macklem Warns of Misdiagnosing Economic Weakness
OTTAWA—Further interest-rate cuts won't necessarily help an economy that's being pulled down by U.S. trade friction, advances in artificial intelligence and lower population growth, Bank of Canada Gov. Tiff Macklem said Thursday. The…
Macklem Warns of Rate Cut Risk Amid Structural Economic Changes
Bank of Canada Governor Tiff Macklem warned that cutting interest rates while the economy is adapting to structural changes risks stoking future inflation. “We have to be careful not to misdiagnose economic weakness,” Macklem said in…
ECB Holds Rates as Euro Rally and Tariffs Threaten Economy
The European Central Bank kept interest rates unchanged as officials assess the economic toll of a rally in the euro and renewed trade unpredictability. The deposit rate was left at 2% on Thursday — as predicted by all economists in a…
Greenland shatters temperature record, redrawing economy from fishing to minerals
Greenland, the Arctic island coveted by U.S. President Donald Trump, experienced its warmest January on record this year, as a rate of warming four times faster than the global average redraws the outlook for sectors from fishing to mining. Trump…
Job openings sink to a postpandemic low. The economy is barely adding any new jobs.
The number of job openings in December fell to the lowest level in eight years, excluding the COVID-19 pandemic era, underscoring the fragility of the U.S. labor market in the new year. U.S. job openings dropped by 386,000 in December to 6.5…
Trump's trade war creating economic 'mirage' with GDP forecasts, freight market disconnected: Shipping expert
Global economic growth forecasts are relatively optimistic for 2026, but a freight shipping expert tells CNBC the frontloading of shipments related to President Trump tariff's may be skewing the picture. While headline GDP growth may look strong…
Language, crime, transportation issues harm Arab economy
Poor public transportation, limited Hebrew-language skills, and persistent violence in Israel's Arab communities are among the main factors driving economic inequality between Israel's Jewish and Arab populations, experts said at a conference on…
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