Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
As EU Aims For A Circular Economy, Germany's Fashion Industry Is Making A Pro-Business Alliance
German textile manufacturers and retailers are forming an alliance to have a say in shaping the circular economy as the European Union makes them financially and legally responsible for the waste they produce. The new group, which roughly…
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What exactly is the creator economy?
There was a time when creating videos, writing blogs or posting photographs online was largely a hobby. The internet changed that. Platforms such as YouTube, Instagram and other social networks made it possible for an individual to build an…
Bessent: Iran economy could collapse 'within weeks or months'
Treasury Secretary Scott Bessent on Monday said Iran's economy could collapse “within weeks or months,” as the Trump administration seeks to cripple the Middle Eastern country's economy. “I think it could be within weeks or…
The New Economics Of Software Security: Discovery Is Cheap; Response Isn't
Aaron Mitchell is CEO of HeroDevs, a company that provides Never-Ending Support for end-of-life open-source software. The recently released ' Open Weights and American AI Leadership ' letter has reignited the debate over whether…
Speech by Governor Barr on the economic outlook and financial inclusion
Thank you to the organizers of this important event for the opportunity to be part of it. This conference sits at the intersection of several policy issues that are central, I believe, to the future of the U.S. economy—entrepreneurship…
Putin envoy warns of Russian economy going 'berserk' on war footing
MOSCOW, Sept 1 (Reuters) - The Russian economy runs a risk of going 'berserk' if it is run to focus entirely on the needs of the military-industrial complex, President Vladimir Putin's international development envoy was quoted as saying on…
Why Trump's War Hasn't Broken Iran's Economy
Iran's economy was already under strain before the US and Israel launched their war on the Islamic Republic, grappling with negative growth, soaring inflation and a currency crisis. Those problems were compounded by strikes on the nation's civilian…
Iran's economy is deteriorating fast. Will it force Tehran to compromise?
Images emerging from Iran in recent days showing vehicles waiting in long lines to refuel are another indication of the severe economic crisis facing the country – one of the most serious Iran has experienced in decades. The rial has…
Breaking: Australian economy grows faster than expected, raising rate hike risk
Australia's economy grew 0.4 per cent in the June quarter, slightly beating most economist forecasts and further raising the prospect of an interest rate hike as soon as this month. The economy grew 2.1 per cent over the past year to June 30…
Sophie Cunningham and the cynical economics of the anti-trans athlete
Before this summer, the WNBA player Sophie Cunningham was probably most famous for her decision, in the waning seconds of a 2025 game, to more or less tackle an opponent who had poked the eye of her Indiana Fever teammate Caitlin Clark. In the…
Seoul's nighttime Han River events fuel local economy
More than 11,000 people spent summer nights beside Han River this year, giving Seoul officials evidence that after-dark leisure can do more than keep people cool — it can benefit the local economy. “Han River Night Camping,”…
Grand Canyon flooding shuts down tourist lodging, threatens economy after last year's fire
Deadly flooding at the Grand Canyon threatens to cause economic damage, with a washed-out pipeline severing the South Rim's water supply and shutting down lodging at the popular tourist vista for an indefinite period. The national park remains open…
Endurance test: On the Indian economy's resilience
India's economic growth during the first quarter of this financial year has surprised most people. Against a perception among economists that growth would slow to about 6%-7% on account of the impact of the West Asia crisis, real growth in the…
Bessent pitches US-backed financial literacy competition to world's largest economies
Driven in part by his own experience with poverty as a child, Treasury Secretary Scott Bessent is pitching a financial literacy campaign to leaders of the world's largest economies and suggesting an investment account program begun under President…
So what's all this about the Scottish economy being a basket case?
So what did the latest economic output figures for Scotland show? Scotland's GDP grew by 0.7% in real terms quarter-on-quarter between April and June. This was well ahead of growth of 0.4% in the UK as a whole over the same timeframe. In the three…
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