Economy Industry News

A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

thehill.com - Gordon G. Chang, opinion contributor - Spiraling domestic consumption is wrecking China's economy
Spiraling domestic consumption is wrecking China's economy
The Hill

In June, retail sales of cars in China fell 23 percent from a year earlier. For the first half of the year, sales were down 20 percent. The China Passenger Car Association now forecasts sales for the full year will be off by 14 percent. The…

theguardian.com - George Chidi - Trump scoffs at 'affordability' as he touts economic policies at Georgia rally
Trump scoffs at 'affordability' as he touts economic policies at Georgia rally
The Guardian

Donald Trump scoffed at the word “affordability” as a political message, describing it at a campaign rally on Wednesday as a term concocted by Democratic political consultants to criticize his presidency. Yet even as the president…

rappler.com - [In This Economy] Economic impacts of the 'historic' P85 wage hike
[In This Economy] Economic impacts of the 'historic' P85 wage hike
RAPPLER

On July 25, the first tranche of Metro Manila's new minimum wage takes effect. Wage Order NCR-27, approved by the regional tripartite wage board on June 30, adds P60 to the daily minimum now, and another P25 in January 2027. That brings the…

marketwatch.com - South Korea's Economy Slows; Chips Keep Driving Growth
South Korea's Economy Slows; Chips Keep Driving Growth
MarketWatch

Asia's fourth-largest economy expanded 0.6% in the April-June period from the previous quarter, following revised growth of 1.8% in the first quarter, preliminary data from the Bank of Korea showed Thursday. On a year-over-year basis, the economy…

theweek.com - Theara Coleman, The Week US - The GLP-1 economy: How weight-loss drugs are impacting major industries
The GLP-1 economy: How weight-loss drugs are impacting major industries
The Week

Weight-loss drugs like Ozempic have undoubtedly made their mark on healthcare. But they have also begun to shape the broader economy. While there are those “salivating at the prospect of where AI can go in the years ahead,” perhaps…

theguardian.com - Dan Sabbagh - Increased defence spending will boost UK economic growth, Streeting says
Increased defence spending will boost UK economic growth, Streeting says
The Guardian

Wes Streeting has said increased defence spending would make “an enormous contribution” to economic growth as he emphasised that the military will be a spending priority for Andy Burnham's government over other departments. The new…

bbc.co.uk - Josh Cann - Tourism worth record £433m to Isle of Man economy
Tourism worth record £433m to Isle of Man economy
BBC

The Isle of Man's tourism industry has reached a record value of £433.4 million, an increase of £256 million since 2016. The latest figures from the annual Visitor Economy Report show 352,301 people visited the Island in 2025, up 6.9%…

bloomberg.com - Manuela Tobias - Argentina Economy Shrinks for Second Month Amid Uneven Recovery
Argentina Economy Shrinks for Second Month Amid Uneven Recovery
Bloomberg

Argentina's economy contracted for a second straight month in May, underscoring a trend of uneven growth more than halfway through President Javier Milei's term. Economic activity fell 0.5% from April, below the 0.2% rise estimated by Bloomberg…

bloomberg.com - David Feliba - Bad Loans Threaten Argentina's Next Engine of Economic Growth
Bad Loans Threaten Argentina's Next Engine of Economic Growth
Bloomberg

Bad loans keep piling up in Argentina, dashing hopes that the economic pain unleashed by President Javier Milei's harsh austerity program had already crested. Milei has slashed inflation from triple-digit levels and returned Argentina's economy to…

foxnews.com - Dana Blanton - Fox News Poll: Voters want major change amid economic and political discontent
Fox News Poll: Voters want major change amid economic and political discontent
Fox News

Several findings in the latest Fox News Poll show voters are unhappy and want major change, which bodes well for Democrats in November: President Donald Trump 's job approval remains near a record low, more Democrats are motivated to vote…

theguardian.com - Patrick Commins - Think you have a handle on how Australia's economy works? Take the RBA's quiz and find out
Think you have a handle on how Australia's economy works? Take the RBA's quiz and find out
The Guardian

Economics is a word we are all familiar with, but knowing is different from understanding. The Reserve Bank has released its latest public survey of Australians to gauge how much we know about how the economy works and how the RBA's actions affect…

fastcompany.com - Nate Berg - The experience economy is heading into . . . a nuclear missile silo?
The experience economy is heading into . . . a nuclear missile silo?
Fast Company

Burrowed more than 100 feet in the ground, the concrete shell of one of the most fearsome pieces of Cold War infrastructure is being brought back to life. This November, the Twistflower Nuclear Missile Silo in Roswell, New Mexico, will reopen, not…

fastcompany.com - Grace Snelling - Emirates just gave economy passengers something nice for once
Emirates just gave economy passengers something nice for once
Fast Company

You've just settled into your seat on an international flight. Next to you, a baby is crying. Somewhere down the aisle, another passenger has just unwrapped a tuna sandwich. And to make matters worse, you realize you forgot your neck pillow.

indianexpress.com - George Mathew - Foreign investment revival signals confidence in Indian economy: RBI's State of the Economy article
Foreign investment revival signals confidence in Indian economy: RBI's State of the Economy article
The Indian Express

3 min read Mumbai Make us preferred source on Google The recovery in foreign investment in recent months reflects renewed confidence in the economy, despite the ongoing conflict in West Asia and elevated crude oil prices, said a study by the…

cnbc.com - Matt Peterson - Analysis: Iran war energy shock hits the U.S. economy as gas and diesel prices climb
Analysis: Iran war energy shock hits the U.S. economy as gas and diesel prices climb
CNBC

The Iran war is pushing U.S. gasoline and diesel prices higher, threatening Americans' standard of living this summer. Diesel is the bigger economic risk because it affects trucking, fuel surcharges and prices across the economy. U.S. refineries…

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