Economy Industry News
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Flawed economic models mean climate crisis could crash global economy, experts warn
Flawed economic models mean the accelerating impact of the climate crisis could lead to a global financial crash, experts warn. Recovery would be far harder than after the 2008 financial crash, they said, as “we can't bail out the Earth like…
The foundations of a low-carbon economy
For communities built around industry, the road to net zero raises a critical challenge: how do we protect energy-intensive jobs while cutting emissions? Will the factories that anchor local economies survive the transition and can they remain…
What a Human Rights Watch report says about the economic toll of backsliding rights in Asia
BANGKOK -- Widespread backsliding on protections of basic rights is taking a toll on Asian economies as growing inequality leaves the poor vulnerable to labor abuses and scams, a report by Human Rights Watch says. The report released Thursday says…
China's clean power energising economy, adding a Brazil's worth of GDP: report
Clean energy technologies – led by solar power and electric vehicles – drove more than one-third of China's economic growth last year and over 90 per cent of the rise in investment, according to a new study. China's clean energy…
Speech by Governor Cook on the economic outlook
Thank you, Francisco, for the kind introduction, and many thanks to the Economic Club of Miami for the opportunity to speak with you today. It is wonderful to see firsthand the vibrant and growing South Florida economy. The Miami region's…
Freeland hopes for less economic dependency on China in future
Countries having cautious reliance on China while maintaining constructive engagement is essential to the future of globalisation in a world where trade is increasingly used as a weapon, according to Canada's former deputy prime minister.
ECB Holds Rates as Euro Rally and Tariffs Threaten Economy
The European Central Bank kept interest rates unchanged as officials assess the economic toll of a rally in the euro and renewed trade unpredictability. The deposit rate was left at 2% on Thursday — as predicted by all economists in a…
Greenland shatters temperature record, redrawing economy from fishing to minerals
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 for sectors from fishing to mining. Trump…
Why the Bank of England is holding rates despite a weakening economy | Phillip Inman
When unemployment is rising and inflation falling, the Bank of England would, under normal circumstances, cut the cost of borrowing. Add to the mix a faltering economy and the public might reasonably expect a reduction in interest rates to lift…
What does the disappearance of a $100bn deal mean for the AI economy?
Did the circular AI economy just wobble? Last week it was reported that a much-discussed $100bn deal – announced last September – between Nvidia and OpenAI might not be happening at all. This was a circular arrangement through which…
Sanctions having 'significant impact' on Russian economy, says EU special envoy
Western sanctions are having a “significant impact” on the Russian economy, the EU's sanctions envoy has said, ahead of the fourth anniversary of Moscow's full-scale invasion of Ukraine. David O'Sullivan, a veteran Irish official…
Prediction Markets Won't Break Flutter's Sportsbook Economics (NYSE:FLUT)
Flutter is approaching a buying opportunity, with shares down 49% from ATHs amid sentiment-driven selloff and temporary margin pressures. FLUT maintains a dominant US market position via FanDuel, benefiting from high-margin parlays and resilient…
Can India really become $30 trillion economy? Reliance Industries chief Mukesh Ambani explains
Can India become a $30 trillion-economy in the near future? This question became important after India failed to touch the $5 trillion mark in 2024 as promised by Prime Minister Narendra Modi. However, Reliance Industries Limited Chairman Mukesh…
The American and Chinese Economies Are Hurtling Toward a Messy Divorce
In China's northeastern grain belt, farmers are getting a windfall from the government: more subsidies to grow soybeans, part of an estimated $1 trillion national effort to declare economic independence from the U.S. More than 7,500 miles away, in…
Indonesia posts fastest economic growth rate in three years
JAKARTA: Indonesia reported its best economic growth rate in three years in 2025 as the expansion rate accelerated more than expected in the fourth quarter on robust household spending and strong investment, official data showed on Thursday. For…
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