Economy Industry News
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Caleb Hammer's Humiliation Economy
When Caleb Hammer, a thirty-one-year-old personal-finance YouTuber, gets particularly exasperated, his voice enters a shrill upper register. He wrenches the eyeglasses from his face and rubs the bridge of his nose with a pair of pinched fingers…
Flying Economy Costs More Than Ever
Economy passengers are paying more year-on-year while business travellers are paying less. Economy-class airfares saw their sharpest increases since Covid-era fare caps were removed in August 2022 across almost all of India's 20 busiest domestic…
Funding the infrastructure that drives the AI economy
“We're not making platform bets on whether Claude, ChatGPT, Gemini or any other platform is going to be the dominant player. We are focused on providing the core infrastructure that allows any one of them to exist.” That's partly…
China's Industrial Profit Growth Slowed Further as Economic Imbalances Deepen
An employee walks at the truck assembly line at Beiben Trucks Group factory during an organized media tour, in Baotou, Inner Mongolia Autonomous Region, China, June 13, 2026. REUTERS/Maxim Shemetov China's industrial profit growth slowed further in…
The Bond Market Is Getting Closer to Sounding Alarm on Economy
The bond market is on the brink of signaling that a series of Federal Reserve interest-rate hikes will start shifting the narrative toward the risk that the US economy stalls out. The extra yield investors demand to hold 10-year Treasuries over…
Ruchir Sharma Evaluates India on the Rules of Economic Success
Ruchir Sharma began writing about economics in India when he was 17. During the summer before starting college, he was enlisted by a fledgling newspaper in New Delhi to put together a column on global foreign exchange markets. After a few months…
Burnham's plan for a radical reset collides with economic reality | Heather Stewart
As Labour heads to Liverpool this week, Andy Burnham has promised to deliver “stability” in the public finances; but the economic backdrop is anything but stable. The longer the US-Israeli war on Iran persists, the more likely it is…
US to finalize sharply lower vehicle fuel economy standards
The US Transportation Department on Monday will finalize sharply lower vehicle fuel economy standards through 2031, reversing a push by the Biden administration to force automakers to build more electric vehicles, officials said on Saturday. SCROLL…
BESSENT: IRAN'S ECONOMY WILL COLLAPSE IN TWO WEEKS AS SANCTIONS BITE
Treasury Secretary Scott Bessent said Sunday that Iran's economy will collapse within two weeks as strict U.S. naval blockades and financial sanctions choke off the country's remaining oil exports, predicting Tehran will soon have nothing left to…
Meta's Muse agent is attacking one of the economy's most profitable weak spots
Meta's Muse AI agent went to work as a personal assistant this month and one of its initial targets was the subscription economy. Consumers who gave the AI access to banking and credit card statements found it to be a great budgeting coach, leading…
Trump administration set to roll out lower fuel economy standards for cars, light trucks
The Trump administration on Monday plans to release new fuel economy standards that would relax regulatory requirements for automakers to control pollution from gasoline-powered cars and light trucks. President Donald Trump said on his Truth Social…
Secretary Bessent Highlights Economic Growth in Non-Structural Construction
Recent remarks by Secretary Scott Bessent conveyed an optimistic picture of the American economy's current trajectory, drawing particular attention to the surge in non-structural construction and manufacturing. This growth is occurring amidst an…
Economy Ministry ends 'Israel's Basket' pilot due to upcoming elections
The end of the pilot: The 'Israel's Basket' initiative will officially conclude on October 14, following six months of operation. Economy and Industry Minister Nir Barkat decided not to implement the second operational period, leaving the decision…
Bessent: Iran's Economy Will Have 'Nothing Left to Trade' in Two Weeks
Treasury Secretary Scott Bessent warned Sunday that Iran will have “nothing left to trade for anything” within roughly two weeks as its remaining oil reaches China, arguing that the Trump administration's economic campaign has brought…
JICA-backed projects drive Rwanda's digital economy, innovation momentum
Rwanda's efforts to build a competitive digital economy are receiving a major boost through projects supported by the Japan International Cooperation Agency (JICA), with initiatives focused on strengthening ICT education, entrepreneurship, and…
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