Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Russia to increase share of creative industries in national economy: deputy PM
World MOSCOW, Feb. 3 (Xinhua) -- Russia aims to increase the share of its creative industries in the national economy to 6 percent by 2030, Russian Deputy Prime Minister Alexander Novak said Tuesday. Nearly all Russian regional governors are…
KDI Report Says N. Korean Economy Grew By Around 10% under 5-Year Economic Plan
The North Korean economy is believed to have improved by around ten percent under the regime's five-year national economic development plan that was announced at the 2021 ruling Workers' Party congress, according to an assessment by South Korea's…
I'm genuinely scared Jim Chalmers doesn't understand basic economics
I'm now genuinely concerned that the Treasurer doesn't understand basic economics. Either that or, if he does, he's prepared to cast its basic principles adrift in the name of political spin. He has blamed private demand for rising inflation and…
Exclusive | Indonesia's top economic minister vows capital market reforms
Indonesia will press on with reforms of its capital markets and go after market manipulators with the full force of the law well ahead of a May deadline set by leading index MSCI, the country's top economic minister, Airlangga Hartarto, has vowed.
Polish Central Bank Holds Rates Again as Economy Accelerates
Poland's central bank kept interest rates steady, pausing its easing cycle for a second month, after unexpectedly strong economic growth. The Monetary Policy Council left the benchmark at 4% on Wednesday, in line with the forecasts of 19 out of 32…
Zero net migration would shrink UK economy by 3.6%, says thinktank
The UK economy would be 3.6% smaller by 2040 if net migration fell to zero, forcing the government to raise taxes to combat a much bigger budget deficit, a thinktank has predicted. The National Institute of Economic and Social Research (NIESR) said…
Chipotle is targeting the top of the K-shaped economy
Chipotle Mexican Grill plans to raise menu prices by 1-2% this year — and leadership is betting that its core consumer segment, digital natives who earn over $100k, won't mind. Speaking during Tuesday's fourth-quarter earnings call, interim…
Top China Official Vows to Boost Consumption to Overhaul Economy
China will press ahead with building a unified market to unleash domestic consumption as countries around Asia face a “pivotal juncture” in the transformation of the global economy, a top economic official said. As the country opens…
Economic Experts Skeptical Trump Fed Chair Pick Will Be Free from Political Influence
President Donald Trump last Friday announced his intent to nominate former Federal Reserve Board Governor Kevin Warsh to chair the central bank, tapping a Republican economist with industry and government street cred, but whose public displays of…
Treasury yields hold steady as investors look ahead to further economic data
U.S. Treasury yields were little changed on Wednesday as investors awaited more economic data and weighed the state of the U.S. economy. At 4:53 a.m. ET, the 10-year Treasury yield was flat at 4.273%, while the 2-year Treasury yield rose less than…
Free workshop for rural economic development offered
The Rural Economic Development Innovation Initiative Roadshow Begins in Abbeville next week. Organizers say this traveling workshop is designed to provide communities across Acadiana with the resources and training needed to transform their…
Markets losing faith in Prabowo's grasp of economic reality
As economic bookmarks go, Indonesia's stock market enduring its worst rout since the 1997-1998 Asian financial crisis is as ominous as they come. Jakarta stocks are cratering as Southeast Asia's biggest economy gets caught skinny dipping, in the…
RIoT State of the Region: AI, automation make for uncertain economy, opportunities for entrepreneurs
On Feb. 3, Tom Snyder, Executive Director of RIoT, hosted the annual State of the Region Address at Raleigh Founded. Embracing the State of the Union theme, Tom discussed the economy and jobs, domestic and foreign affairs and North Carolina's…
Uber Eats, Gauteng govt initiative boosts township economy
More than 2 000 township businesses and 7 500 delivery partners have joined Uber Eats under the public-private digital economy initiative. Uber Eats and the Gauteng Department of Economic Development have marked a milestone in their township…
Greenland shatters temperature record, redrawing economy from fishing to minerals
NUUK, Feb 4 (Reuters) - Greenland, the Arctic island coveted by U.S. President Donald Trump, experienced its warmest January on record this year, as a rate of warming four times faster than the global average redraws the outlook…
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