Economy Industry News

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thehill.com - Sylvan Lane - Trump economic backlash rises with Iran
Trump economic backlash rises with Iran
The Hill

President Trump's odds of facing a midterm election revolt over the economy may hinge on whether a vulnerable U.S. job market can withstand the conflict in Iran. The April jobs report, released Friday, defied expectations with a gain of 115,000 new…

upi.com - China's furniture hub Foshan faces deepening economic crisis
China's furniture hub Foshan faces deepening economic crisis
UPI

May 11 (Asia Today) -- The southern Chinese city of Foshan, long known as one of the country's most important furniture manufacturing hubs, is facing mounting economic distress as factory closures, shrinking exports and China's prolonged real…

theguardian.com - Richard Partington - Labour must offer more than 'better managed decline' on economy, MPs urge
Labour must offer more than 'better managed decline' on economy, MPs urge
The Guardian

An influential group of MPs has said that Labour needs an urgent renewal of economic strategy to offer voters “more than better management of decline” before the next general election. With Keir Starmer fighting to ward off a…

koreatimes.co.kr - Moon Keun-sik - Protecting Korea's economic lifelines at sea
Protecting Korea's economic lifelines at sea
The Korea Times

The security standoff in the Strait of Hormuz reveals several important dimensions of modern warfare and maritime security. It demonstrates how a relatively weaker state — in this case, Iran — can hold global trade hostage. By…

businessinsider.com - Joe Ciolli - An investor's guide to the 2026 World Cup mega-economy
An investor's guide to the 2026 World Cup mega-economy
Business Insider

At a national level, the vibes around the 2026 World Cup are not great right now. Ticket prices are by far the highest in history. Many fans who went through the lottery process feel misled about where their seats ended up. And public transit costs…

forbes.com - Alec Scott - ​AI Ethics Beyond Bias: The Risk Of Removing Humans From The Economy
​AI Ethics Beyond Bias: The Risk Of Removing Humans From The Economy
Forbes

Alec Scott is a Principal at CDW for Intelligent Platforms. Most conversations about AI ethics begin in the right place, but they stop too soon. They begin with bias, fairness, explainability, privacy, robustness and accountability. That work…

theguardian.com - Josh Butler - Jim Chalmers says budget to address economic anxieties 'driving' Australians to One Nation
Jim Chalmers says budget to address economic anxieties 'driving' Australians to One Nation
The Guardian

One Nation has cast a shadow over the federal budget and influenced decisions to reform negative gearing and taxes, with Jim Chalmers admitting many Australians are feeling economic anxieties that are “driving them to consider”…

washingtonexaminer.com - Peter St. Onge - How Trump's tariffs can paradoxically raise economic freedom
How Trump's tariffs can paradoxically raise economic freedom
Washington Examiner

Similar to Reagan, Trump has walked a middle line, acknowledging the tariff impact on consumers — and especially farmers — while arguing tariffs are necessary to achieve two strategic goals. First, to pressure trade partners to remove…

cnn.com - Stephanie Yang - Tech boom vs energy crisis: Asia's split economy is warning for the world | CNN Business
Tech boom vs energy crisis: Asia's split economy is warning for the world | CNN Business
CNN

In South Korea, which imports nearly all of its oil and gas, a global supply crunch has hit hard. Officials have advised energy conservation, cut growth forecasts and warned of fallout from high inflation and 17-year-lows in the value of its…

bbc.co.uk - Ben Chu and Anthony Reuben - Is Keir Starmer meeting his NHS, homes and economy pledges?
Is Keir Starmer meeting his NHS, homes and economy pledges?
BBC

Ben Chu and Anthony ReubenBBC Verify Keir Starmer has said he will prove his doubters wrong in a speech designed to head off a leadership challenge following his party's heavy election losses. The prime minister said he took 'responsibility for the…

jpost.com - MAAYAN HOFFMAN - Can Israel's economy survive after a seven-front war?
Can Israel's economy survive after a seven-front war?
The Jerusalem Post

What is the state of Israel's economy after nearly three years of war? As Israel increases its defense budget, weans itself off US aid, and halts the hiring of most Palestinian workers, can its industries continue to survive and thrive? At this…

hollywoodreporter.com - Scott Roxborough - Cannes Market Goes Beyond Film Sales With AI, Creator Economy Focus
Cannes Market Goes Beyond Film Sales With AI, Creator Economy Focus
The Hollywood Reporter

Guillaume Esmiol has spent the past several years quietly remaking the Cannes Marché du Film in his own image — which is to say, in the image of someone who came up not through traditional film sales but through tech and finance…

afr.com - Sumeyya Ilanbey - Victorian Liberals stake election bid on 10-year economic plan
Victorian Liberals stake election bid on 10-year economic plan
Australian Financial Review

Victorian Opposition Leader Jess Wilson has staked her election bid on a 10-year economic recovery plan, headlined by public service hiring freezes and tax cuts, opening the Coalition up to a fierce Labor scare campaign that she dismissed in her…

counterpunch.org - W. T. Whitney - US Imperialist War in Iran Looks Like an Economic Rescue Mission
US Imperialist War in Iran Looks Like an Economic Rescue Mission
Home - CounterPunch.org

The question of why the U.S. government began a war with Iran is unsettled. The ostensible reasons, blocking Iran from developing nuclear weapons and protecting Iranians' human rights, are not enough. Iran's agreement not to build a nuclear arms…

yahoo.com - Claire Boston - Home sales underwhelmed in April amid elevated mortgage rates and economic jitters
Home sales underwhelmed in April amid elevated mortgage rates and economic jitters
Yahoo!

Existing home sales were essentially flat in April, rising just 0.2% from March as high mortgage rates, limited inventory, and ongoing economic uncertainty sidelined buyers. Home sales hit a seasonally adjusted annual rate of 4.02 million last…

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