Economy Industry News
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Lula's reelection raises the economic stakes for Mercosur's neighbors
Nov. 2 (UPI) -- Brazilian President Luiz Inácio Lula da Silva's come-from-behind victory on Oct. 25 carries economic consequences well beyond Brazil. Lula defeated Sen. Flávio Bolsonaro 51.8% to 48.2% after trailing him in the first…
'Sharper, longer slowdown' predicted for economy as fifth interest rate hike looms
Australia's economy is set for a “sharper, longer slowdown”, major bank economists say, as the Reserve Bank is forced to keep interest rates higher to rid the nation of persistent inflationary pressures. The RBA is widely expected to…
US voters in a sour economic mood heading into midterm elections
On the eve of elections that will decide whether President Donald Trump's Republican Party keeps control of Congress, voters' minds are on the economy, with high and rising prices a key issue and many blaming his policies, specifically tariffs and…
Italy's mega-concert boom: live music generated €4.3 billion in economic impact in 2025
ROME – Live music in Italy is proving bulletproof. Every indicator in the sector is on the rise. This comes despite controversy over soaring ticket prices, steep booking fees, rampant online scalping, abysmal event conditions, and predatory…
Doubts on AI investment to test Korean economy
Growing concerns over the sustainability of the global artificial intelligence (AI) investment boom are translating into mounting financing pressures on major tech companies, raising fears that a slowdown in AI spending could deal an outsized blow…
5 charts that explain the economy's role in the midterm elections
Back in 1980, Ronald Reagan asked, “Are you better off than you were four years ago?” On Tuesday, millions of Americans will answer for themselves whether they are better off than they were two years ago, when they vote in the midterm…
Danone Targets China's 'Silver Economy' With New Research Hub
Danone is ramping up research investment in China as it plans more medical nutrition products aimed at the country's aging population. The French maker of protein-rich yogurts and fortified drinks opened a research and innovation center in Shanghai…
APEC China's role to revitalize Asia-Pacific economy
The Asia-Pacific Economic Cooperation (APEC) summit in Shenzhen, China, scheduled for Nov. 18-19, should serve as an event to revive the Asia-Pacific's economic dynamism and unlock the region's enormous potential. In the artificial intelligence…
Everyday Economics: The U.S. economy is undergoing a structural shift
(The Center Square) – The Federal Reserve held interest rates steady last week. But borrowing costs remain elevated, making homes and cars less affordable. Meanwhile, higher energy prices are eroding purchasing power, and weak hiring is…
Gordon Ritter: who owns the intelligence economy?
The rules governing the AI economy are being written by default. Back in June, I argued that the AI doomers are incorrectly counting jobs when they should be counting traces. Traces are what people leave behind on every system they touch:…
Quad nations criticize economic coercion, expand AI cooperation
Nov. 1 (Asia Today) -- Foreign ministers from the United States, Japan, Australia and India met Saturday in Atlanta and expressed serious concern about economic coercion involving arbitrary export restrictions and nonmarket policies that create…
Korea, IMF to hold annual consultation on economy, financial policy
Korea will hold an annual consultation session with the International Monetary Fund (IMF) this week to discuss the country's overall economic situation and policies, the finance ministry said Monday. An IMF delegation, led by mission chief Corinne…
Finance minister discusses economic ties, cooperation with US ambassador
Finance Minister Lee Hyoung-il met with U.S. Ambassador to Korea Michelle Steel on Monday to discuss ways to strengthen bilateral economic cooperation, the finance ministry said. During the meeting held at the government complex in Seoul, Lee said…
Asian Currencies Mixed as Investors Await U.S. Economic Data
0037 GMT — Asian currencies are mixed in early morning trading. Investors are focusing on U.S. economic data due this week, including the latest nonfarm payrolls report and ADP private payrolls. The readings will be scrutinized for further…
Immigration must be linked to economy so Britain can fill job gaps, says Andy Burnham
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 stressed the need for…
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