Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Andy Burnham blames Tory legacy for leaving UK economy vulnerable
Andy Burnham blamed the Conservatives' legacy for leaving the UK vulnerable to market turmoil, in his first prime ministers' questions clash with Kemi Badenoch, as the UK's borrowing costs climbed further. The Conservative leader compared the…
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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…
Trump calls data center opponents 'backwards and poor' as the industry props up the economy-but his own party wants nothing to do with it
President Trump took to Truth Social this week to warn any town still weighing whether to fight a data center. Communities that turn them away, he wrote, are choosing to be “backwards and poor.” The ones that welcome them will get…
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…
Exclusive: Goolsbee says AI is 'not far' from overheating the economy
Exclusive: Fed's Austan Goolsbee says AI may cause ‘aggregate overheating.' Data centers are an ‘anchor' around the neck of Republican midterm candidates. We're about to hit peak capex growth— Wells Fargo. Iran, U.S. intensify…
The missing foundation of Prabowo's economic vision
Indonesian President Prabowo Subianto's administration has placed food security, energy self-sufficiency and military modernization at the center of Indonesia's national development agenda. Under the framework of Asta Cita, these strategic and…
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…
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…
Elon Musk says AI will add US$30 trillion to global economy, but power crunch looms by 2027
Elon Musk, chief executive of Tesla and SpaceX, said artificial intelligence is expected to add 20-30 percent to global economic growth, equivalent to US$20 trillion to US$30 trillion (HK$156 trillion to HK$234 trillion) of production. SCROLL TO…
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…
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…
Australia's Economy Surges Ahead: Q2 2026 Sees Unexpected Growth
Australia's economy performed strongly in the second quarter of 2026, surpassing expectations with a 0.4% increase in seasonally adjusted real GDP, thereby beating the projected 0.3%. This expansion shows good economic momentum that is grounded on…
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…
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