Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
How wildfires are threatening Indonesia's economy and carbon market
Forest and peatland fires raging across Indonesia are threatening to become more than an environmental emergency, with analysts warning that the thickening haze could weigh on economic activity, strain public health and test confidence in the…
IMF downgrades Australian economic forecast amid fears of interest rate hike
The International Monetary Fund has downgraded its forecast for Australia's economic growth in 2027, warning the Reserve Bank may have to hike interest rates further to get price pressures back under control. The IMF also called on federal and…
15 leaders on the economic indicators companies should watch
If you're only focused on a few economic metrics to run your business, you may miss what's right in front of you that can help you course correct and drive growth. Some useful economic indicators don't show up in financial news. Others get media…
Opinion | Why Russia's AI-powered economic future lies in its Far East
I attended this year's Eastern Economic Forum in Vladivostok and took part in a dialogue on technological development. There, I had a deep discussion with Maxim Oreshkin, Russia's deputy chief of the presidential executive office, who co-chairs the…
Australia's Housing Slump to Slow Economy, Assist RBA, HSBC Says
Australia's housing downturn is set to weigh on economic growth and help the Reserve Bank in its campaign to drag inflation back to its 2-3% target band, according to HSBC Holdings Plc. HSBC's Paul Bloxham pointed to a series of channels through…
Taxing unsold crypto isn't policy - it's economic sabotage
For the better part of a decade, Washington has tried to force 21st-century financial technology into a tax code built for another era. The results are predictable: confusion, unnecessary compliance costs, arbitrary tax treatment, and a bureaucracy…
The Fed hiked rates for the first time in years. Here's what smart people in economics say comes next.
Justin Wolfers, a professor of public policy and economics at the University of Michigan, wrote in a post on X that markets would be glad that the rate hike decision means Warsh is 'more of a Serious Kevin than a Sockpuppet Kevin.' 'Silent Kevin…
First Five-Year Plan | Advance 'Finance+' to support real economy, set up $10b Innovation and Technology Industry-Oriented Fund
Chief Executive John Lee Ka-chiu outlined six areas to push forward 'Finance+' with aims to serve the real economy in Hong Kong's first Five-Year Plan on Wednesday, including promoting patient capital and venture capital investments in…
First Five-Year Plan | 14 KPIs for HK's economy, innovation, and infrastructure
Chief Executive John Lee Ka-chiu revealed a total of 14 major indicators for Hong Kong's future economic, innovation, and infrastructure development in the city's first Five-Year Plan on Wednesday. SCROLL TO CONTINUE WITH CONTENT Real Gross…
President Trump-splains economy to Fed in rant after interest rate hike
President Donald Trump on Wednesday slammed the Federal Reserve after the central bank raised its benchmark rate for the first time in more than three years with a nonsensical rant in which he lectured the bank on how to run monetary policy…
America's bedrot era: how the dopamine recession created the 'couch economy'
You've been there. You're on the couch, and the kitchen might as well be a mile away. Cooking is out of the question, let alone walking to pick up takeout. So, you order delivery instead because it's three taps away on your phone. Welcome to the…
Eli Fenichel on nature as an economic asset
What do declining bat populations have to do with the economy? At first glance, very little: biodiversity loss is often viewed as a narrow environmental concern. But bats consume a vast amount amount of insects each day – possibly their own…
Science fiction': Transport companies - the backbone of economy - are sounding alarm on fuel prices
Prices for diesel, the fuel type used to power trucks and trains, came in at an all-time high of about $6.31 per gallon on Wednesday. Diesel prices have surged more than 70% from a year ago due to the U.S. war with Iran. Transportation companies…
BRICS Summit Takes Aim At US Influence Over The Global Economy
BRICS demanded greater developing-country influence at the IMF, World Bank and WTO but avoided directly naming the United States in its criticism. The declaration urged “maximum restraint” in the Middle East and made no mention of…
US Fed raises interest rates as inflation weighs on economy
The United States Federal Reserve has said it will raise interest rates by a quarter of a percentage point as inflation, driven by soaring fuel prices amid the US-Iran war, continues to weigh on the economy. The Fed, which is the central bank of…
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