Economy Industry News

A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

forbes.com - Steve Forbes - California's Wealth Tax Referendum Is Part Of A Tyrannical Scheme For Global Economic Control
California's Wealth Tax Referendum Is Part Of A Tyrannical Scheme For Global Economic Control
Forbes

California voters in November may well approve a 5% wealth tax on billionaires. This isn't just another manifestation of wackiness in the once-Golden State but is part of global movement to impose massive taxes and economic controls on a worldwide…

forbes.com - Girish Joshi - Success Tax: Why Enterprise AI Must Be Measured By Unit Economics
Success Tax: Why Enterprise AI Must Be Measured By Unit Economics
Forbes

Girish Joshi, SVP of technology at Collabera, has led Fortune 500 digital shifts for 25+ years and now drives AI and agentic transformation. ​For the past two years, the boardroom mandate was simple: get us into AI. As we move through 2026…

scmp.com - Mia Nurmamat - Developing | China's economic imbalances deepen in May as retail sales drop
Developing | China's economic imbalances deepen in May as retail sales drop
South China Morning Post

China's economic imbalances appeared to grow in May amid the fallout from the US-Israel war on Iran, as the country's sluggish retail sales highlighted persistent weakness in domestic demand even as exports skyrocketed. Retail sales, a key gauge of…

upi.com - Japan, Britain deepen economic security ties
Japan, Britain deepen economic security ties
UPI

June 15 (Asia Today) -- Japanese Prime Minister Sanae Takaichi and British Prime Minister Keir Starmer issued a joint economic security declaration Sunday, pledging closer cooperation to stabilize and diversify supply chains amid growing concerns…

seekingalpha.com - Jay Mehta - Tuesday's Economic Calendar (US2Y)
Tuesday's Economic Calendar (US2Y)
Seeking Alpha

The Federal Open Market Committee meets eight times a year to determine the near-term direction of monetary policy. Housing starts measure the initial construction of single-family and multi-family units on a…

independent.co.uk - Simon English - World Cup could deliver £7.6bn boost to UK economy - but 'sickies' may cost billions
World Cup could deliver £7.6bn boost to UK economy - but 'sickies' may cost billions
The Independent

The World Cup could bring a £7.6bn boost to the UK economy, offering a welcome shot in the arm for pubs, restaurants and hospitality businesses at a time when growth remains fragile. But economists and employers are being warned that the…

theguardian.com - Luca Ittimani - RBA interest rates: Reserve Bank holds official cash rate at 4.35% as economy slows and unemployment rises
RBA interest rates: Reserve Bank holds official cash rate at 4.35% as economy slows and unemployment rises
The Guardian

The Reserve Bank has left its official interest rate on hold at 4.35%, after economic activity slowed and unemployment hit a four-year high. The widely expected decision on Tuesday will bring little relief to mortgage holders, already strained by…

bloomberg.com - US at Odds With Allies on Hormuz, China Economy Stalls, More
US at Odds With Allies on Hormuz, China Economy Stalls, More
Bloomberg

Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…

newsweek.com - Jenni Fink - Will Taylor Swift's Eras Tour boost economy more than the World Cup?
Will Taylor Swift's Eras Tour boost economy more than the World Cup?
Newsweek

The World Cup is expected to boost America's economy by over $9 billion, nearly double what the Eras Tour did, but when you look on a per event basis, the gap between Taylor Swift's massive concert experience and the World Cup narrows. Enthusiasm…

wsj.com - David Malpass - Opinion | Trump is Right: The Fed's Economic Models Punish Growth
Opinion | Trump is Right: The Fed's Economic Models Punish Growth
Wall Street Journal

As President Trump heads to France for the Group of Seven meeting, the U.S. economy is riding an incredible wave of innovation and investment that will propel growth for decades. The Federal Reserve, meanwhile, is debating reforms that would help…

businessinsider.com - Taylor Rains - United confirms 'Eurobusiness' economy layout on its new Airbus A321XLRs
United confirms 'Eurobusiness' economy layout on its new Airbus A321XLRs
Business Insider

United Airlines is testing something new in economy class: blocked middle seats. A viral Reddit post last week showed a mock-up of the supposed three-seat row, with a tray table as a middle divider, sparking speculation about what looks like a…

wsj.com - China Economic Data Continues to Show Uneven Growth
China Economic Data Continues to Show Uneven Growth
Wall Street Journal

The two-speed nature of China's economic growth became more pronounced last month as retail sales contracted for the first time since the pandemic, contrasting with a continued exports boom. The gauge of consumption dropped 0.6% from a year ago in…

koreatimes.co.kr - Yonhap - N. Korea touts economic achievements ahead of key party meeting
N. Korea touts economic achievements ahead of key party meeting
The Korea Times

North Korea's state media outlets on Tuesday highlighted economic achievements ahead of a key party plenary meeting later this month, in an apparent bid to rally workers behind the ruling Workers' Party of Korea (WPK). The Korean Central News…

independent.co.uk - Paul Wiseman - China Shock 2.0: Surging Chinese exports threaten Europe's economy, raising concern at G7 summit
China Shock 2.0: Surging Chinese exports threaten Europe's economy, raising concern at G7 summit
The Independent

For eight years, the United States has waged economic war on China, slapping big taxes on Chinese products before they enter America. But the campaign hasn't dented China's industrial prowess. The world's second biggest economy is exporting more…

afr.com - The Economist - The world's leftists are embracing a new set of economic ideas
The world's leftists are embracing a new set of economic ideas
Australian Financial Review

Different times inspire different sets of leftist ideas. After the Second World War, especially in Europe, socialism drew strength from heavily unionised heavy industry. It aimed not to abolish capitalism but to manage it, by nationalising…

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