Economy Industry News
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Operation Economic Outcast needs an off-ramp, not just a noose
Treasury Secretary Scott Bessent did not undersell it. Announcing Operation Economic Outcast on Aug. 24, he framed it as an “economic D‑Day,” a deliberate invocation of allied resolve to justify what he described as an…
War weighs on Iran's economy as US intensifies sanctions
Iranian leaders are acknowledging the economic toll of war with the United States, with the supreme leader calling on the government to address the hardship while the president reported foreign trade has shrunk 35% due to the American sanctions and…
What happens if you give everyone $700? A local economy thrives
Yonas Fote smiles as he proudly shows off his cinema. In an earth-floored room with low wooden benches, he uses a television and sound system to show pirated Nigerian movies dubbed into the local language to his friends. He charges them the…
Oman can't avoid Operation Economic Outcast
Oman's utility to Iran is most evident in the commercial infrastructure that has enabled Iranian sanctions evasion for years. Since January, the Treasury Department has sanctioned three Oman-based companies for helping transport Iranian oil…
Iranian leaders admit economic toll of war with US as trade drops 35%
Iranian leaders are acknowledging the economic toll of war with the United States, with the supreme leader calling on the government to address the hardship while the president reported foreign trade has shrunk 35 per cent due to the American…
Personal bankruptcy filings are soaring in 2026, signaling growing economic distress
The number of personal bankruptcies filed annually fell sharply for more than a decade before the recent uptick, hitting a low of about 368,000 in 2022, down from about 1.5 million in 2010. That number has climbed steadily since 2022. A 2005 law…
Andy Burnham must focus on London to deliver economic growth, says top adviser
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Andy Burnham has been bluntly warned by one…
K, C or E? Why economists can't agree on the shape of today's economy
Economists have long viewed the postpandemic economy as 'K'-shaped. That consensus has now lifted, with letters like 'C' and 'E' floating around academic circles and Wall Street trading rooms alike. Letter shapes have been used for decades to…
The Strongest El Niño in a Generation Is Wreaking Havoc on Global Economy
For Clément Ray, chief executive of French insect-protein company Innovafeed, El Niño has been a welcome arrival. “It's perfect timing for us,” he said. Innovafeed breeds black soldier flies in a factory in northern…
Caviar and Economics - Hamptons Yacht Club Cancels Restaurant Service After Staff Deported
The larger picture is well worth discussing, because there is a large and inorganic part of the U.S. economy that will obviously be impacted by immigration enforcement and the removal of illegal or unauthorized workers. First, from the Hamptons:…
Broadcom, Palo Alto Networks Headline Earnings Amid A Tight Economic Calendar
Get ahead of the market by subscribing to Seeking Alpha's Wall Street Week Ahead, a preview of key events scheduled for the coming week. The newsletter keeps you informed of the biggest stories set to make headlines, including upcoming IPOs…
Legislative Roundup: 2026 Little League World Series generated an estimated $40M for Pa.'s economy
WILKES-BARRE — More than 70,000 players, coaches, and fans traveled to Williamsport for the 79th Little League Baseball World Series — injecting an estimated $40 million into Pennsylvania's economy, according to the Lycoming County…
Scott Bessent Levels This Progressive Senator With an Economics Lesson for Dummies
In the biggest shock of the day, a socialist has apparently been told she needs a lesson in economics. On Friday, Treasury Secretary Scott Bessent blasted a letter from Massachusetts Sen. Elizabeth Warren criticizing the Trump administration's…
Iran Returns to 'Diplomacy' Talk as Economy Collapses
Iranian Foreign Minister Abbas Araghchi said on Friday that he had “creative discussions” with the leader of Qatar and “putting diplomacy back on track isn't impossible” — a noticeable change in tune from Iran's…
How the powerhouse of East Midlands Airport boosted UK economy by £6.2bn
The powerhouse that is East Midlands Airport boosted the UK's economy by £6.2 billion in 2025. The airport, located in Castle Donington, Leicestershire, connects the country to more than 185 international markets and is the UK's busiest pure…
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