Economy Industry News
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Andy Burnham can't explain the economy
The government “should do what any good housewife would do if money was short”, Margaret Thatcher told the Dartford Conservative Association when she was adopted as a candidate in 1949. “Look at their accounts and see what was…
Weak economy puts pressure on Chile government's goals
Sept. 2 (UPI) -- Weak economic activity and employment figures in Chile are increasing pressure on President José Antonio Kast's government, which has made restoring economic growth, investment and job creation central priorities of its…
Burnham pressed on economy at first PMQs as UK borrowing costs rise
Jennifer McKiernan Political reporter Conservative leader Kemi Badenoch has pressed Andy Burnham over UK borrowing and spending at his first Prime Minister's Questions. Badenoch called on the PM to say where spending would be cut and how he would…
What USS Abraham Lincoln arriving in Thailand means for economy
The USS Abraham Lincoln has dropped anchor in Thailand after a record-setting voyage in the Middle East, and locals are welcoming thousands of sailors they believe will provide a boost to the economy. After 286 days at sea and 250 without a port…
The Guardian view on Kemi Badenoch and the economy: a plan stuck in the Tory comfort zone | Editorial
To outlast a prime minister always counts as some kind of achievement for an opposition leader, although Kemi Badenoch cannot claim credit for Sir Keir Starmer's downfall. Sir Keir's wounds were mostly self-inflicted. To the extent that opposition…
Fed's Williams ties rising bond yields to strong economy, CNBC reports
Federal Reserve Bank of New York President John Williams said on Wednesday rising long-term bond yields aren't driven by inflation fears but are instead a reflection of a solid economy, in comments that also said he was still collecting information…
Andy Burnham blames Tory legacy for leaving UK economy vulnerable
Andy Burnham blamed the Conservatives' legacy for leaving the UK vulnerable to market turmoil, in his first prime ministers' questions clash with Kemi Badenoch, as the UK's borrowing costs climbed further. The Conservative leader compared the…
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What exactly is the creator economy?
There was a time when creating videos, writing blogs or posting photographs online was largely a hobby. The internet changed that. Platforms such as YouTube, Instagram and other social networks made it possible for an individual to build an…
Mortgage rate alert: Burnham economic adviser braces London homeowners for bills rise
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. One of Andy Burnham 's leading economic…
New York Fed's Williams says yield surge due to strong economic prospects
New York Fed President John Williams on Wednesday said he sees the recent rise in Treasury yields as the product of a strong economy. Williams added that he is taking a 'wait-and-see' approach to whether an interest rate hike is necessary. New York…
Trump calls data center opponents 'backwards and poor' as the industry props up the economy-but his own party wants nothing to do with it
President Trump took to Truth Social this week to warn any town still weighing whether to fight a data center. Communities that turn them away, he wrote, are choosing to be “backwards and poor.” The ones that welcome them will get…
Fed Chairman Warsh Lays Out His Own Data Dashboard for Reading the US Economy
Federal Reserve Chairman Kevin Warsh used his keynote speech in Jackson Hole, Wyoming, last week to map out some of the key data points he leans on to read the US economy, offering new insight into his approach to policy making. The list wasn't…
Elon Musk says AI will add US$30 trillion to global economy, but power crunch looms by 2027
Elon Musk, chief executive of Tesla and SpaceX, said artificial intelligence is expected to add 20-30 percent to global economic growth, equivalent to US$20 trillion to US$30 trillion (HK$156 trillion to HK$234 trillion) of production. SCROLL TO…
Exclusive: Goolsbee says AI is 'not far' from overheating the economy
Exclusive: Fed's Austan Goolsbee says AI may cause ‘aggregate overheating.' Data centers are an ‘anchor' around the neck of Republican midterm candidates. We're about to hit peak capex growth— Wells Fargo. Iran, U.S. intensify…
The missing foundation of Prabowo's economic vision
Indonesian President Prabowo Subianto's administration has placed food security, energy self-sufficiency and military modernization at the center of Indonesia's national development agenda. Under the framework of Asta Cita, these strategic and…
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