Economy Industry News

How the war in Iran and its economic fallout will lead to Trump's defeat

Donald Trump is still high on the capture of Nicolás Maduro. The easy abduction of the Venezuelan president didn't just grant Trump control of the nation's oil and critical minerals resources. It allowed him to throttle the government of…

There's only one way Albo can save the economy he wrecked

Australia's economic problems are now part of the country's broader political failure. Our politicians have let us down for years. Weak productivity and a tax system that leans too heavily on income taxes - and too softly on accumulated wealth -…

Accounting vs. Economics: Key Distinctions Explained

Accounting focuses on tracking finances for individuals and businesses. Economics examines production, consumption, and market dynamics. Accountants track the flow of money for businesses and individuals. Economists use data to influence policies…

Single-Payer Healthcare: Costs, Challenges, and Economic Impacts

To some, it's the greatest idea since price supports for agriculture: A government assumes its citizens' healthcare choices, paying every cost and minimizing all guesswork. To others, it's an infringement on individual human autonomy, the…

Macroscope | By waging war on Iran, Trump leaves the US economy more vulnerable

War in the Middle East is again producing an oil shock, as was the case in past years. For the chief perpetrator of the new shock – the United States – this will be a multi-front war where the financial impact could hit the country…

Iran war threatens to erase the economic bump from bigger tax refunds

Americans are poised to receive bigger refunds when they file their taxes this year than they did in 2025, due to changes in the tax code. Already, U.S. households have received an average federal tax refund of $3,742, according to IRS data as of…

Media Says 'Gambling' Trump Got Lucky On The Economy

Democrats have been predicting doom and gloom ever since Trump returned to office, yet the economic calamity they assured us would come has yet to materialize. But rather than give Trump credit, the narrative being pushed now is that his wins are…

Oil Shock Hits An Economy Already Showing Cracks

War on Iran Is Enriching Weapons Firms as It Tanks the Global Economy

Did you know that Truthout is a nonprofit and independently funded by readers like you? If you value what we do, please support our work with a donation. Since the end of World War II, almost every U.S. president has initiated a major military…

Telangana to support Tanzania's digital economy transition

Telangana has offered assistance to Tanzania by way of technological cooperation and institutional support as the African country looks to transition into a digital economy. IT and Industries Minister D. Sridhar Babu conveyed the State's…

Charting the Global Economy: Oil Hits $100 in Second Week of Iran War

The US said it had stepped up strikes on Iran to unprecedented levels as the war that's engulfed the Middle East hit the two-week mark and continued to upend energy flows and global markets. Brent crude traded above $100 a barrel Friday following…

Vance touts Trump economy gains during North Carolina tour, cites rising home purchases

ROCKY MOUNT, N.C. — Vice President JD Vance traveled to North Carolina and hosted an event Friday to tout the economy, advocate for Republicans to win elections in the Tar Heel State, and touch on the situation in Iran. Vance was also joined…

Kharg Island is 'the main node' of Iran's economy, and a U.S. takeover would provide leverage in any negotiations, energy expert says

The islands off Iran have become the latest focus of the war after a U.S strike destroyed military sites Friday on Kharg Island, which is vital to Iran's oil network. The U.S. strike on the island in the Persian Gulf left its oil infrastructure…

Kalaburagi at bottom of income ladder as Kalyana Karnataka districts trail State economy

While Karnataka cements its position as India's growth engine with the Gross State Domestic Product (GSDP) increasing from ₹29.06 lakh crore in 2024-25 to ₹32.81 lakh crore in 2025-26, the latest Economic Survey for 2025-26 reveals a…

Essential Tips for CBSE Class 12 Economics Exam Preparation

As the CBSE Class 12 board exams approach, students can benefit from expert advice on effective preparation strategies for the Economics exam. Scheduled for March 18, 2026, this exam is crucial for students aiming for high scores. Educators like…