Economy Industry News
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America's economic future is with Asia, not Europe
The United States must accelerate its pivot away from Western Europe toward Asia and Australia. Excluding China, the nations of Asia believe in capitalism, hard work, and personal responsibility. Their economies are dynamic, and their demographics…
US's STEM workforce a national security and econom
American students are often described as falling behind the world in science and math. The reality is more specific. The top students are declining, and the students at the bottom are falling even further behind. And the gap between them is growing…
The New Knowledge Artifacts of the AI Economy
At our recent Foo Camp, a number of people said something like, “I don't want someone else's code any more. I may have my agent take a look at it, but I want to extract just the parts that I want, and may rewrite even those in Rust. It's…
Indonesia's Economic Growth Beats Expectations -- Update
Southeast Asia's largest economy expanded 5.47% from a year earlier, accelerating from 5.29% growth in the second quarter, data from the country's statistics agency showed Thursday. That beat the median forecast of 5.18% growth in a Wall Street…
China's Economics of Denial
China has correctly diagnosed its most pressing economic problems. The Chinese Communist Party has acknowledged that its economy relies too much on investment and exports and that persistently weak household consumption is the core threat to future…
Why have interest rates risen and what is happening in the economy?
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 Bank of England has hiked interest rates for the…
How to buy a new car for under $30,000 in this economy
Plenty of major automakers are selling cars priced below $30,000 this year. So why does it feel so hard for a cost-conscious buyer to find an affordable car right now? For one, consumers burdened by the high cost of gas, insurance and maintenance…
How Milei is using economic warfare against the Falklands - explainer
Facing a slump in the polls, Javier Milei is making economic attacks on the Falkland Islands' oil industry and suggesting its key fisheries industry could be next. In a UN speech, the Argentinian president claimed that the UK's offshore oil…
China dismisses accusations of 'squeezing out' other economies
China's vice premier brushed off 'completely unfounded' concerns that his country was 'squeezing out' other economies as he opened a major business fair on Thursday aimed at enticing importers. SCROLL TO CONTINUE WITH CONTENT The United States and…
Voters show they know economics better than the New Right
In the Golden State, Proposition 40, a proposal that would have implemented a “one-time” 5% tax on wealth above $1 billion, appears headed for certain defeat. Yes votes for the policy, which likely would have triggered massive capital…
The New Economics of Global Defense
The Pentagon's technology chief said in October that the United States was caught flat-footed by drone warfare. America now has a stockpile of roughly 500,000 drones, while Ukraine expects to manufacture 8 million to 10 million this year. Those…
Deep-red Kansas votes for change as patience wears thin with Trump: 'The economy is really taking a beating'
Linda Olson always does her homework before voting – a trait she inherited from a family invested, and interested, in politics. Her father was a photographer who took portraits of political leaders in Washington, while her grandparents were…
Banks are turning cautious on lending, according to the Fed. What it means for the economy
U.S. banks tightened lending standards for small firms and major commercial real estate loan categories during the third quarter, according to a new Federal Reserve bank lending survey. Lenders highlighted less favorable or more uncertain economic…
Texas oil industry becoming 'Californicated' could have 'dire consequences' for economy, energy boss warns
U.S. Oil and Gas Association President Tim Stewart is sounding the alarm over the potential fallout if the Lone Star State were to adopt California-style energy policies. Stewart stressed that 'the absolute worst thing that could happen to the…
Why have interest rates risen and what is happening in the economy?
The Bank of England has hiked interest rates for the first time in more than three years. The central bank's policymakers said this was warranted because inflation in the UK economy was rising and would continue to rise as the war in Iran goes on.
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