Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
China's rare-earth success offers lessons in economic security
China's rare-earth dominance reveals the strengths and vulnerabilities of its distinctive political economy — and offers lessons for competitors such as Japan. In 2024, China mined 60% of global rare earths but produced 91% of refined oxides…
Economy expanded at 3.4% rate in third quarter in sign of underlying strength
Stronger GDP growth is a positive economic data point that the Trump administration can cite with less than a week left until the midterm elections. Growth was also stronger than the 3.2% rate economists had anticipated. “The economy is also…
It's the strangest job market the U.S. has ever seen. The low-hire, low-fire economy turns 3 years old.
Three years ago, something unusual happened in America. In the middle of a period of economic growth, during which U.S. businesses had been creating, like clockwork, more than 150,000 jobs each month, suddenly the private sector added just 84,000…
Big Tech's negative take on AI economic future sparks questions
White-collar jobs in the tech industry, such as software engineers, are actually having a “huge surge,” he said, because businesses are recruiting new “forward-deployed engineers,” or FDEs, to help them adapt AI to their…
Bank tax hike 'unhelpful' to economic growth aims, Lloyds finance chief says
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. A top executive of Lloyds Banking Group has criticised a…
Thursday's Economic Calendar
Gross Domestic Product represents the total value of the country's production during the period and consists of the purchases of domestically-produced goods and services by individuals, businesses, foreigners, and government entities. The consensus…
Is AI Crowding Out The Rest Of The Economy?
AI may be reshaping the economy more than expanding it. Despite an investment surge driving U.S. demand, overall U.S. growth has remained moderate, suggesting gains from AI are being offset elsewhere. Rising interest rates, among other factors, are…
What we now know about the UK economy in four charts
The UK may have no involvement in the US-Iran war, but the country is feeling the full force of the conflict on its economy. Soaring energy prices are set to dent growth in the short term, push up inflation and leave living standards in a 'grim'…
Germany's Steinmeier says China must avoid one-sided benefits in economic ties
In its pursuit of economic self-sufficiency, China must not create one-sided dependence in other markets, Germany's President Frank-Walter Steinmeier urged in an address at a top-tier university in Beijing on Thursday. SCROLL TO CONTINUE WITH…
Lloyds boss warns bank tax hike 'unhelpful' to economic growth aims
The chief financial officer of Lloyds Banking Group has urged the government to ensure a hike to bank taxes remains temporary, calling it “unhelpful” to achieving UK economic growth. William Chalmer was reacting to a planned doubling…
Healey Budget offers help for families and firms hit by global economic storm
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. Millions of households will receive £100 to help…
Inflation to surge beyond forecasts as UK economy set for growth slowdown
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. Households are set to face significantly…
India's economy estimated to grow 7.35% in July-Sept quarter
India's economy is estimated to have grown by 7.35 per cent in the July-September quarter of the current financial year (FY27), supported by strong domestic demand, industrial activity and higher consumption, according to the Finance Ministry's…
Gold industry is next frontier of our economic transformation
Uganda's gold story has reached a defining moment. The question is no longer whether the country has gold, or whether the mineral can earn foreign exchange. It is whether Uganda can turn a valuable natural resource into a wider engine of productive…
Bank tax hike 'unhelpful' to economic growth aims, Lloyds finance chief says
A top executive of Lloyds Banking Group has criticised a hike to bank taxes as “unhelpful” to achieving UK economic growth, as he urged the Government to ensure it remains temporary. Chief financial officer William Chalmers reacted to…
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