Economy Industry News

Stock market turmoil sheds stark light on the opaque AI economy

Even for the rollercoaster world of AI, last week was particularly volatile as investors scrambled to keep up with developments that threatened the dominance of the largest western chipmakers. It began with a double whammy. On Monday, the Chinese…

Canada's minerals are becoming the foundation of its technology economy

Canada's next technology story may not begin in a software lab, but in a mine, a refinery, or a remote exploration camp. As the world accelerates towards electrification, digital infrastructure, artificial intelligence, battery storage and advanced…

The Soul Economy: Simon Scoot's Commercial Leadership At Maybourne

Simon Scoot, Chief Commercial and Brand Officer at Maybourne. The world of luxury has mastered the art of desire. Its next chapter? The art of restoration. Few leaders illustrate that shift more clearly than Simon Scoot, Chief Commercial Officer of…

Israel's labor shortage shows why foreign workers are vital to the economy

The recent Knesset debate over expanding foreign worker quotas has reignited a familiar public discussion. Critics argue that the system lacks proper planning and oversight, that foreign workers are replacing Israelis, and that their numbers have…

For the third time in history, women outnumber men in the workforce as the stay-at-home boyfriend becomes an economic trend

Socialism's rise challenges the capitalist economic system | Mike Rosen

Inheriting a deep recession and hyperinflation from the failed Carter administration, Ronald Reagan's bold measures of across-the-board tax rate cuts, deregulation and disciplined monetary policy broke the back of inflation in record time and…

Lee returns from overseas trip with economic security gains, domestic tests ahead

President Lee Jae Myung returns home Monday after wrapping up the longest overseas trip of his presidency, an 11-day tour encompassing Germany, the United States and three South American countries that focused on securing artificial intelligence…

The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady

President Donald Trump's immigration crackdown and the surge in baby boomer retirements could soon redefine what it means to have a healthy labor market. Americans have long been conditioned to expect that robust gains in the Labor Department's…

Growing like 'gangbusters': Can Taiwan maintain its economic momentum?

A Pacific island has become one of the biggest economic success stories of the year so far. Taiwan has witnessed a dramatic boom in recent months driven by the mania for artificial intelligence (AI). Earlier this year, its stock exchange soared to…

Markwayne Mullin: Migrants Can Help 'Plug … Holes' in the Economy

Homeland Security chief Markwayne Mullin suggested Saturday the federal government could help employers by approving a greater inflow of visa-worker migrants. “This narrative that [visa worker programs] steal American jobs is true in some…

China's economic model connects domestic planning to the development of partner countries

The year 2026 marks the commencement of China's 15th Five-Year Plan (2026-30), a pivotal phase in the nation's medium- to long-term development. A successful venture starts with a good plan and with clear goals set. At this critical juncture, where…

Last week at Economy Class and Beyond (1st August) - Economy Class & Beyond

It's the beginning of August, and hopefully a new month will bring new joys and discoveries. Or something like that. In the real world, it's also Saturday, which means it's time for Last Week at Economy Class and Beyond. Ozzy the Bull, with Ozzy…

The Coast Beyond Vargas Also Suffers the Economic Earthquake | Caracas Chronicles

Pictures by Jesús Vizcaya In Boca de Aroa, a village on the coast of Yaracuy state, Yaritza and her husband Fernando await the arrival of tourists who, for the past twelve years, have stopped for breakfast at their food stand “La…

OpenAI's Presence Signals Vertical Integration in the Agent Economy

The launch of OpenAI Presence on July 22, 2026, marks a definitive shift in the trajectory of the agent economy. By moving beyond the role of a pure model provider to become an infrastructure-layer orchestrator, OpenAI is signaling that the most…

Putin humiliated as collapsing economy forces Russians to ditch holidays for cow farming

Summer vacations were a massive part of Russian culture before the conflict Vladimir Putin's deteriorating economy and the continuing conflict in Ukraine have created a vacation crisis for everyday Russians. Confronted with devastating Western…