Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Spiraling domestic consumption is wrecking China's economy
In June, retail sales of cars in China fell 23 percent from a year earlier. For the first half of the year, sales were down 20 percent. The China Passenger Car Association now forecasts sales for the full year will be off by 14 percent. The…
Trump scoffs at 'affordability' as he touts economic policies at Georgia rally
Donald Trump scoffed at the word “affordability” as a political message, describing it at a campaign rally on Wednesday as a term concocted by Democratic political consultants to criticize his presidency. Yet even as the president…
![rappler.com - [In This Economy] Economic impacts of the 'historic' P85 wage hike](https://www.rappler.com/tachyon/2026/07/in-this-economy-impact-historic-85-wage-hike-July-22-2026.jpg)
[In This Economy] Economic impacts of the 'historic' P85 wage hike
On July 25, the first tranche of Metro Manila's new minimum wage takes effect. Wage Order NCR-27, approved by the regional tripartite wage board on June 30, adds P60 to the daily minimum now, and another P25 in January 2027. That brings the…
South Korea's Economy Slows; Chips Keep Driving Growth
Asia's fourth-largest economy expanded 0.6% in the April-June period from the previous quarter, following revised growth of 1.8% in the first quarter, preliminary data from the Bank of Korea showed Thursday. On a year-over-year basis, the economy…
The GLP-1 economy: How weight-loss drugs are impacting major industries
Weight-loss drugs like Ozempic have undoubtedly made their mark on healthcare. But they have also begun to shape the broader economy. While there are those “salivating at the prospect of where AI can go in the years ahead,” perhaps…
Increased defence spending will boost UK economic growth, Streeting says
Wes Streeting has said increased defence spending would make “an enormous contribution” to economic growth as he emphasised that the military will be a spending priority for Andy Burnham's government over other departments. The new…
Tourism worth record £433m to Isle of Man economy
The Isle of Man's tourism industry has reached a record value of £433.4 million, an increase of £256 million since 2016. The latest figures from the annual Visitor Economy Report show 352,301 people visited the Island in 2025, up 6.9%…
Argentina Economy Shrinks for Second Month Amid Uneven Recovery
Argentina's economy contracted for a second straight month in May, underscoring a trend of uneven growth more than halfway through President Javier Milei's term. Economic activity fell 0.5% from April, below the 0.2% rise estimated by Bloomberg…
Bad Loans Threaten Argentina's Next Engine of Economic Growth
Bad loans keep piling up in Argentina, dashing hopes that the economic pain unleashed by President Javier Milei's harsh austerity program had already crested. Milei has slashed inflation from triple-digit levels and returned Argentina's economy to…
Fox News Poll: Voters want major change amid economic and political discontent
Several findings in the latest Fox News Poll show voters are unhappy and want major change, which bodes well for Democrats in November: President Donald Trump 's job approval remains near a record low, more Democrats are motivated to vote…
Think you have a handle on how Australia's economy works? Take the RBA's quiz and find out
Economics is a word we are all familiar with, but knowing is different from understanding. The Reserve Bank has released its latest public survey of Australians to gauge how much we know about how the economy works and how the RBA's actions affect…
The experience economy is heading into . . . a nuclear missile silo?
Burrowed more than 100 feet in the ground, the concrete shell of one of the most fearsome pieces of Cold War infrastructure is being brought back to life. This November, the Twistflower Nuclear Missile Silo in Roswell, New Mexico, will reopen, not…
Emirates just gave economy passengers something nice for once
You've just settled into your seat on an international flight. Next to you, a baby is crying. Somewhere down the aisle, another passenger has just unwrapped a tuna sandwich. And to make matters worse, you realize you forgot your neck pillow.
Foreign investment revival signals confidence in Indian economy: RBI's State of the Economy article
3 min read Mumbai Make us preferred source on Google The recovery in foreign investment in recent months reflects renewed confidence in the economy, despite the ongoing conflict in West Asia and elevated crude oil prices, said a study by the…
Analysis: Iran war energy shock hits the U.S. economy as gas and diesel prices climb
The Iran war is pushing U.S. gasoline and diesel prices higher, threatening Americans' standard of living this summer. Diesel is the bigger economic risk because it affects trucking, fuel surcharges and prices across the economy. U.S. refineries…
Receive a Daily briefing on Economy Industry News
Get Started