Economy Industry News
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Speech by Governor Barr on rural economic development at 'Strengthening America's Economy through Rural Investment'
It is great to be here with you today. During my career, I've had the opportunity to work on issues affecting rural communities, especially access to capital. My time at the Federal Reserve has only deepened my appreciation for the opportunities…
Reeves warns impact of Iran war on economy will persist once hostilities end
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. The impact of the Iran war on inflation and economic…
Mohamed El-Erian warns of 'sobering' global economic outlook as war rages
The global economy faces a laundry list of threats, and the war in the Middle East could worsen pretty much all of them, Mohamed El-Erian has warned. 'Reading between the lines, the message of today's IMF flagship report is sobering: Virtually…
Bank CEOs Agree on the Economy
JPMorgan CEO Jamie Dimon: 'The U.S. economy remained resilient in the quarter, with consumers still earning and spending and businesses still healthy.' Wells Fargo CEO Charlie Scharf: “While markets have been volatile, we still see continued…
New clamp down on economic abuse with banks urged to take action
Some of the UK's leading banks and financial services will meet with ministers next month to set out what they are doing to tackle economic abuse. Lucy Rigby, the Economic Secretary to the Treasury, has invited 20 organisations to the Treasury…
The key economic obstacles that are robbing a generation of motherhood
Every few months, Aoife McGrath has a moment when she thinks she has finally found a foothold – a place she can settle, unpack properly, begin to make plans. Then the ground disappears again. Aged 31 and from south county Dublin – one…
Japan's rising interest rates sign of 'healthy economy,' says IMF official
Japan's rising long-term interest rates are 'a sign of a healthy economy' resulting from the country's exit from long-standing deflation, senior International Monetary Fund (IMF) official Tobias Adrian has said. In a recent interview, Adrian…
Reeves warns impact of Iran war on economy will persist once hostilities end
The impact of the Iran war on inflation and economic growth will linger even if an end to the conflict is found, Rachel Reeves and fellow finance ministers have warned. In a joint statement with international counterparts, the Chancellor cautioned…
New Sussex and Brighton authority to access £30m economic boost
Lucinda Adam Sussex political reporter The first meeting of the newly formed Sussex & Brighton Strategic Authority will outline plans to invest millions of pounds to drive economic growth, boost skills and improve transport. On Wednesday, leaders…
Countries to benefit from $100 trillion global economic expansion
Certain nations appear well positioned to benefit from what is expected to be a major expansion in the world economy over the next quarter century. According to the International Monetary Fund (IMF), the combined gross domestic product (GDP) of the…
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How the Iran war has 'abruptly darkened' global economy
The International Monetary Fund (IMF) has warned that the conflict initiated by Donald Trump in Iran risks triggering a global recession and an energy crisis on an unprecedented scale; the body said the international outlook had “abruptly…
Here are all the ways the Iran war has affected the U.S. economy so far
The Iran war is starting to show up in ways both obvious and not so much, with soaring energy costs leading the impact and potential hits on broader growth simmering beneath the surface. Should the current ceasefire hold, inflationary impacts will…
Bernie Sanders balks at Trump's economic adviser's take on rising oil prices
Sen. Bernie Sanders has reacted with dismay to National Economic Council Director Kevin Hassett 's optimistic view on rising oil prices, saying simply: “God help us all.” “Imagine if oil prices start going back down because the…
Frontier AI's Economic Engine
Coding offers immediate economic impact, tractable problem domains, and massive demand, enabling Anthropic to accelerate its research and deliver compelling returns. Internal teams access advanced models at cost, enabling deeper, more…
Chinese Shares Erase Post-Iran War Losses on Economic Resilience
China's onshore stocks have recouped their losses since the Iran war began, outperforming the broader Asian market with a more resilient economy and efforts to insulate it from an oil shock. The benchmark CSI 300 Index rose as much as 0.6%…
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