Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The Economics of Trust
Trust is not merely a social nicety — it is infrastructure. Across decades of empirical research, economists and political scientists have converged on a striking finding: societies and individuals with higher levels of interpersonal trust…
First tariffs, now war: how Asia is facing a second year of economic shocks
Asia-Pacific economies are likely to suffer a slowdown in growth this year, as rising costs linked to the US-Israel war on Iran combine with lingering trade uncertainty to threaten global trade flows, according to forecasts by top international…
Canada's Carney says economic ties with US are a weakness that must be corrected
Canadian Prime Minister Mark Carney said in a video address released on Sunday that Canada's strong economic ties to the United States were once a strength but are now a weakness that must be corrected. In the 10-minute address, Carney spoke about…
Hong Kong launches SkyCity marina project to drive tourism and yacht economy
Hong Kong's Airport Authority has launched its marina project as part of the broader SkyCity blueprint, seeking global interest from the yachting, hospitality and water sports sectors to help shape the 200-hectare (494 acres) development, with the…
Mark Carney says Canada's economic ties with U.S. are a weakness that must be corrected
VANCOUVER, British Columbia — Canadian Prime Minister Mark Carney said in a video address released Sunday that Canada's strong economic ties to the United States were once a strength but are now a weakness that must be corrected. In the…
Opinion | The Economics of Religion
When I was a postdoctoral student at the University of Chicago, Gary Becker was one of my mentors. He had a way of reducing complicated social institutions to simple economic questions. After a trip to Rome, he mentioned meeting Pope John Paul II.
Canada's prime minister says economic connection to the U.S. has shifted from a strength to a weakness
VANCOUVER, British Columbia (AP) — Canadian Prime Minister Mark Carney said in a video address released Sunday that Canada's strong economic ties to the United States were once a strength but are now a weakness that must be corrected. In the…
Bank bosses called to meeting with Reeves over impact of Iran war on UK economy
The bosses of Britain's “big five” retail banks have been summoned to a meeting with the chancellor, Rachel Reeves, this week to discuss how to limit the economic impact of the crisis in the Middle East triggered by the US and…
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From brand deals to brand equity: The next evolution of the creator economy
In 2022, when we first started telling people we were building a consumer brand with a creator, the response was almost unanimous. It won't work. You'll end up with glorified merchandise. The only real proof point in the country was HRX, and even…
Korea bets on young entrepreneurs to revive rural economies
Facing a deepening demographic crisis and the hollowing out of its rural heartland, Korea is subsidizing the migration of young entrepreneurs to depopulated areas, hoping to convert a growing inventory of abandoned real estate into economic…
Simon Harris to include 'worst case' circumstance in economic forecast
Minister for Finance Simon Harris has asked his economic advisers to detail the impact on the Republic's economy of negative scenarios arising from the Middle East conflict and ongoing energy-supply pressures. Three possible impacts, including…
View: A resilient economy, despite it all
Every January, the world's business and political leaders descend from the Swiss mountains with a Davos Consensus — relentlessly optimistic and deeply influential if, notoriously, often wrong. Semafor World Economy brought together hundreds…
UK seeks EU deals on steel and EVs in push for closer economic ties
Downing Street hopes to secure deals on steel and electric cars with the EU as it seeks to upgrade the post-Brexit economic relationship. Amid economic uncertainty caused by the conflict in the Middle East and strains in relations with the US, Keir…
AI's Token Economy Revolution Creates New China Tech Winners
China's cheap artificial intelligence models are rapidly attracting global users and creating new winners in the nation's stock market. As AI development increasingly focuses on performing a diverse array of tasks, an economy is emerging around…
China keeps benchmark lending rates unchanged as economic growth revs up, Mideast risks loom
The People's Bank of China kept the loan prime rate, or LPR, unchanged in a decision on Monday. The one-year LPR was kept at 3.0% while the five-year LPR was unchanged at 3.5%. Beijing may need time to assess the impact of external uncertainties…
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