Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
British steel can help fire up country's economy
The story of steel in this country goes back generations. But last Easter, the future of the British Steel plant in Scunthorpe was on the line. The steel furnaces were hours away from going cold – never to be reignited. And its Chinese…
China's huge move that is set to hurt the Australian economy
China is locking in its critical minerals and metals dominance with huge investment in emerging and less-developed economies, leaving a shrinking role for Australian exports. The clsoure of a Western Australian lithium refinery after just four…
Polanski positions Greens' economic policy as radical alternative to Reeves
The venue for Zack Polanski's economic speech on Wednesday – a sunny north London garden centre – could hardly have been more different to the sombre City backdrop for Rachel Reeves's Mais lecture on Tuesday. The chancellor was, as it…
Fed keeps rates steady as Iran conflict roils economy
The Federal Reserve held interest rates steady Wednesday as bankers stared down the evolving economic blowback from the war in Iran. The Federal Open Market Committee (FOMC), the panel of bank officials responsible for setting borrowing costs…
Powell Sees 'Solid' Economy
Federal Reserve Chair Jerome Powell started his press conference by touting “solid” economic growth. “We see the current pace of monetary policy as appropriate,” he said. The impacts of the war in the Middle East on the…
From Economic Engine To Military Machine: Berlin's Quiet Pivot To War Economy A Challenge To EU
A year after Friedrich Merz's narrow victory and the formation of a new grand coalition between the CDU-CSU and the SPD in May 2025, Nicolas Baverez writes about the existential crisis Germany is experiencing. A crisis on several levels. Firstly…
Russian oil tanker heading to Cuba amid US economic blockade
Hundreds of thousands of barrels of Russian oil are heading to Cuba, according to maritime tracking data, as the communist island suffers blackouts under a US economic blockade and Donald Trump threatens to take it over. The sanctioned Russian…
Rail outlook up on firmer economic factors: AAR
A rail industry trade group says February data on freight volumes, inflation, and manufacturing suggest a soft landing for the economy, with easing inflation and no significant slowdown in economic growth. Carloads increased 6.5% year-over-year…
Economy on high alert against backdrop of geopolitical tensions
The outbreak of war in the Middle East means the Australian economy is now in an environment where the risks are 'high and rising', according to the latest Financial Stability Review published today. Despite that, the Reserve Bank insists…
Global Economic Outlook: March 2026
Assuming short-lived disruptions, 2026 inflation forecasts are raised and growth forecasts lowered, but more persistent shocks could significantly worsen both outcomes. Central banks are expected to look through temporary energy-driven inflation…
Chalmers warns of $18billion hit to economy amid soaring petrol prices
READ MORE: Aussie HQ in Middle East struck by Iranian projectile Australia's economy could take a years-long hit from the war in the Middle East in a similar fashion to the Global Financial Crisis or Covid pandemic, modelling shows. Prime Minister…
China's multibillion-dollar minerals investment lifts foreign economies: report
China has committed more than US$120 billion in direct investment in overseas mining and mineral processing projects since 2023 – covering the likes of lithium and rare earth metals – with that spending boosting clean energy usage in…
Chalmers issues dire warning about nation's economic growth
Treasurer Jim Chalmers has warned the pace at which the economy can grow without inflation pressures has dropped, with the coming budget to reveal a substantial slowdown. Speaking to the Australian Business Economics organisation in Melbourne this…
AI could shrink paychecks but stretch them further, a Yale economics professor says
AI could shrink workers' paychecks — but also make those paychecks go further. That's the view from Yale economics associate professor Pascual Restrepo, who studies how technology reshapes labor markets, wages, and economic growth. 'People…
Vance Casts the Midterms As a Choice in MI Speech: Biden Wrecked the Economy-Trump Is Fixing It
Vice President JD Vance is staking out a midterm message built for Michigan, the Rust Belt, and the working-class voters Democrats spent years taking for granted. His point is not just that the economy is improving. It is that Michigan's industrial…
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