Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
US entering 'C-shaped economy,' Hilton CEO says
The American economy may be transitioning to a new phase in which growth is no longer reserved for the wealthiest consumers, according to the CEO of the hospitality giant Hilton, who believes rising demand at lower- and mid-priced hotels points to…
US economy is putting young people off dating
Rising prices and broader economic pressures are reshaping young Americans' appetite for romance, with date-night inflation forcing many to step back from the scene altogether. According to the BMO Real Financial Progress Index, released in…
Lloyds earnings jump by a third but UK economic outlook worsens
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Lloyds Banking Group has revealed its earnings jumped by…
The US economy is facing a 'Wile E Coyote' moment and the stock market is 'trying to outrun a bear
Investing pros are using animal analogies to describe the state of the financial world and it's not looking good. The US economy might be set up for a Looney Tunes style plummet as the gravity of the Iran war sets in, according to UBS' chief global…
No, tariffs are not strengthening the economy
Testifying to Congress, United States Trade Representative Jamieson Greer argued that “President Trump's trade policy is working.” The data present a different picture: President Trump's trade agenda is actually holding back the…
UK economy set for £35bn hit from Middle East energy crisis, think tank says
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The Middle East energy shock could wipe around £35…
The Global Economic Impact from the Iran Conflict
The closure of the Strait of Hormuz is like a ticking time bomb for the global economy. The International Monetary Fund (IMF) has already cut its forecast for global growth this year from 3.4 percent to 3.1 percent. If the flow of crude oil and…
UK exports to Middle East tumble as Iran war hits economy - business live
Good morning, and welcome to our rolling coverage of business, the financial markets, and the world econony. UK trade to the Middle East has shrunk since the Iran war began eight weeks ago, new data shows. The British Chambers of Commerce has…
Economic pain becomes decisive factor in Iran war endgame
The economic front in the U.S. war against Iran is reaching a crisis point for both sides, as negotiations on an end to the war remain deadlocked over Iran's nuclear program. Iran's stranglehold on the Strait of Hormuz has sent average U.S. gas…
Danny McCoy offers insight and analysis on the Irish economy
Speaking with host Dave Burke, McCoy traces his journey from academia into economics and ultimately to leading Ibec, providing useful insight into how varied experience can shape effective leadership. Under his stewardship, McCoy has grown revenues…
How Much Will the Iran Conflict Hurt the Global Economy?
The closure of the Strait of Hormuz is like a ticking time bomb for the global economy, disrupting the flow of energy and rippling through industries from agriculture to semiconductors. How bad could it get? The International Monetary Fund has cut…
Hilton's CEO says he sees a C-shaped economy emerging in the US
Hilton's CEO said America's K-shaped economy is converging as lower-income consumers are spending more. During a Tuesday earnings call, CEO Christopher Nassetta said that he expects 'improving performance in the lower and mid-chain scales' in the…
Labor Ministry Urges Economic Organizations to Embrace Flexible Work in Private Sector
The labor ministry has called on major economic organizations to actively adopt flexible work arrangements in the private sector to overcome the crisis caused by high global oil prices stemming from the Middle East conflict. The ministry made the…
Iran: The Economic Damage Is Cumulative
Persistent closure of the Strait of Hormuz is driving surging energy prices, global inflation, and recession risk, with no imminent resolution in sight. Even a rapid reopening would leave cumulative economic damage, requiring months to clear mines…
PayPal says AI shopping agents are creating an invisible storefront economy
AI agents have already started buying on behalf of customers. Yet most merchants still lack the infrastructure to serve them. That disconnect sits at the center of PayPal's first U.S. Agentic Commerce Pulse Survey, based on responses from 498…
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