Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
A Pillar of the Economics Establishment Admits That It Was Wrong
How does a country get rich? For decades, the economics establishment generally agreed on a simple answer: Embrace free markets and avoid “industrial policy”—state-led efforts to shape what an economy produces—at all…
From ecosystems to economics: How Canada's conserved and protected areas contribute billions to the economy
In episode six we welcome national director of the Canadian Parks and Wilderness Society, Sandra Schwartz and CPAWS economic analyst, Jason Wong, lead author of the CPAWS white paper, Widely Enjoyed but Inadequately Valued: Understanding the…
Markets are too nonchalant about Iran war's economic toll, policymakers warn
The International Monetary Fund and World Bank are historically beacons of free trade, capitalism and financial market wisdom. But at their spring meetings, the emerging theme has a contrarian vibe: Investors are underestimating the economic damage…
How inflation is reshaping the economics of pet ownership
Just about everyone is feeling the effects of inflation right now. There's a good reason for that: From February 2023 through 2026, the inflation rate has outpaced the Federal Reserve's preferred 2% by as much as three times. And pet owners have…
War-torn global economy needs IMF emergency assistance
The U.S. and Israeli war on Iran has caused one of the greatest supply shocks in “global energy market history,” according to an April 1 joint statement by the International Energy Agency, the International Monetary Fund and the World…
Trump's Iran war threatens to torpedo London's economic uplift, warn business chiefs
Business confidence in London rose in the first three months of the year but Donald Trump's war is putting “at risk” the capital's economic momentum, says bosses. Around half of firms, 48%, had been anticipating a growth in turnover…
Fed's Williams: Middle East Conflict Has Added to Economic Risks
Speaking in Midtown Manhattan on Thursday morning, Williams said the Iran war has presented the economy with new and unpredictable challenges. Its effects could resolve later this year if supply disruptions in the energy market resolve relatively…
An Acid Test for the Global Economy
To see how the fallout from the Iran war is spreading, check out how much Robert Friedland is charging for sulfuric acid these days. His company, Ivanhoe Mines, recently opened Africa's biggest copper smelter in the Democratic Republic of the…
UK economy grew faster than expected in February ahead of Iran war
The UK economy saw its biggest monthly rise in February in more than two years, official figures show. The Office for National Statistics (ONS) said the economy grew by a faster-than-expected 0.5%, while it revised its estimate for January up to…
UK economic growth in February better than forecast before Iran war
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 UK economy grew at its fastest pace for more than two…
China's hits economic growth target despite Iran war disruption
China's economy grew faster than expected in the first three months of the year, even as countries around the world feel the impact of the US-Israel war with Iran. Gross domestic product (GDP) rose by 5% in the period, compared to a year earlier…
Trump administration prepares for pivot to economic warfare on Iran
WASHINGTON (AP) — If the U.S. and Iran aren't able to soon come to a deal to end the war or extend the ceasefire that expires next week, the Trump administration is setting the stage to shift its war campaign toward a more economic-focused…
UK economy grew by 0.5 per cent in February, official statistics show
Britain's economy has grown at its fastest pace for more than two years in a better-than-expected start to the year - although this was before the Middle East war began. Official statistics revealed gross domestic product (GDP) increased by 0.5 per…
Anthony Scaramucci says the US economy isn't facing a potential recession. It's already in one.
Anthony Scaramucci thinks economic pain isn't coming for the US. It's already here. The former White House communications director added his voice to calls from prominent economists such as Mark Zandi, who have raised concerns about a recession…
UK economy showed surprise 0.5% growth before Iran war
UK GDP expanded by a stronger than expected 0.5% in February, official figures show, suggesting the economy was gaining momentum before the onset of war in the Middle East dashed hopes of recovery. The jump, reported by the Office for National…
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