Economy Industry News
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Speech by Governor Waller on the economic outlook
Thank you, Joe, and thank you for the opportunity to speak to you today. My subject, as it often is, is the outlook for the U.S. economy and the implications for monetary policy. My last outlook speech was at the end of February, which, I have to…
ChatGPT Goes to Therapy: The New Emotional Economy
Artificial intelligence, in its various forms, has become deeply integrated into the lives of many of the patients I work with in my clinical practice. Nowhere is this more evident than in the stories they tell me of using AI to navigate complex…
Japan squeezed between economic and social demands
Japan is feeling a tightening squeeze between competing economic and social concerns. Economic dynamism, daily activity and social security solvency require a robust and growing labor force. The country's demographic profile means that substantial…
Martin Lewis ISA tip to 'smooth out' Iran war economic impact
Martin Lewis has offered some advice on how you could organise your savings. He explained the practical tip amid the current uncertainty surrounding the economic impact of the Iran conflict. The major war has already triggered a surge in oil…
Why US threats to tighten economic vice on Iran might prolong war
The US appears to be intensifying its war efforts with an economic squeeze to force Iran to cave in before further talks, but Chinese observers say the strategy could risk prolonging the conflict and backfire on the US economy. With a two-week…
Drinking dries up amid tough US economy
Alcohol consumption might be in decline due to a cocktail of reasons, so to speak. There are affordability issues keeping people from splurging at their favorite bars, particularly as the economy slackens in President Donald Trump's second term…
What crisis? Why stocks are ignoring the economy
Nothing, it seems, can dent the almost inexplicable optimism coursing through financial markets. Where once, years ago, stock markets would shudder, tumble and spend the best part of a decade recovering from a recession or some other economic…
China, Russia ties driving N. Korean economic recovery: Seoul
North Korea's economy is showing signs of recovery as Pyongyang deepens trade and diplomatic ties with Russia and China, South Korea's unification ministry said in a report sent to AFP on Friday. SCROLL TO CONTINUE WITH CONTENT Rigid socialist…
How Peter Magyar's Hungary can become an economic powerhouse
Hungarian financial markets have welcomed Peter Magyar's Tisza Party victory over Viktor Orban. This historic moment could mark the beginning of a post-Orban economic boom. But only if the new leadership capitalizes on it. Hungary's road map to…
Rosanna Law touts Kai Tak Sports Park as 'game changer' for event-driven economy
As the iconic Hong Kong International Rugby Sevens celebrates its 50th anniversary at Kai Tak Sports Park, Secretary for Culture, Sports and Tourism Rosanna Law Shuk-pui has highlighted the event as a cornerstone of the city's 'event economy'…
Cuts to overseas aid will worsen shocks to global economy, David Miliband says
Cuts to overseas aid by countries including the US and the UK risk stoking global economic instability amid the humanitarian crisis resulting from the Iran war, David Miliband has said. The former British foreign secretary and head of the…
Strait of Hormuz blockade hurts Iran's economy, threatens to spike energy prices
The U.S. blockade on the Strait of Hormuz has effectively shut down trade to and from Iran's ports, cutting off an estimated 90 percent of the Middle Eastern country's economy as the Trump administration looks to get Tehran back to the negotiating…
Idea Economics - LessWrong
It happened again… I have an idea for a project. It's a super cool project. I'd love for it to actually happen. The only problem is… I don't have time to do it myself, and I want credit. But I don't see a way to get it — well…
The 5 Smallest Economies in the World Are All Island Nations
Ranking the smallest economies in the world sounds simple, but it opens a window into how the global economy really works. When you rank smallest economies by nominal GDP, you are looking at gross domestic product at current prices, not quality of…
Gov't: Downward Risks on Domestic Economy Rising amid Protracted Iran War
Downward pressure on the domestic economy is on the rise amid the protracted Iran war, according to a government report. In a monthly assessment report on Friday, the finance ministry said the economy has faced increasing downside risks due to the…
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