Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Israel moves to secure critical minerals for economy, defense industries
The Israeli government unanimously approved Foreign Minister Gideon Sa'ar 's proposal to develop a national critical minerals program, the Foreign Ministry announced on Wednesday. The ministry said Sa'ar launched the initiative after participating…
Nvidia and Economic Espionage
Nvidia lost around $200 billion in market value in a single day this week after its CEO, Jensen Huang, disclosed having an affair with a woman who may have been a Chinese intelligence asset. The story has broader implications for the global…
Rubio says further US military action is not needed against economically weakened Iran
The U.S. military said it intercepted two Iranian attack drones headed toward Bahrain, as Iran's Revolutionary Guard claimed it struck a U.S. early warning radar system in the kingdom. Iran also said a tanker struck a naval mine while attempting to…
Huge GOP election losses spur debates about populist economics
Many voters punished Republicans for the state of the economy, which has been buffeted by higher inflation and spiking gas prices. Some two-thirds of voters in the midterm elections said that Trump's policies have worsened economic conditions…
Russia's economy is reeling - Trump should be raising the pressure if he wants peace
The Russian economy appears to be going from bad to worse. Earlier this week, Elvira Nabuillina, chair of the Russian Central Bank, reported to Russia's legislature that the bank will not lower its key interest rate, currently standing at 14…
Russian Economy Slows as Ukrainian Strikes Weigh on Output
Russia's economy slowed in the third quarter as Ukrainian attacks knocked out industrial facilities, disrupted logistics and added to inflationary pressures. Gross domestic product grew 1% in July-September, following a 1.3% expansion in the…
Nvidia, Spies, and the Art of Economic Espionage
The semiconductor manufacturer Nvidia, which had until recently been the most valuable company in the world, was thrown into turmoil this past week. Company founder and CEO Jensen Huang resigned upon allegations that he had an affair with a…
The Judge Who Wanted the Law to Make Economic Sense
Judge Richard Posner, who died this week at 87, was the godfather of what is known as the law and economics movement. In a career spanning half a century and some 50 books, 500 articles, and thousands of judicial opinions, he pursued a single…
World's best airline? Not in the economy cabin
Qatar Airways, named the world's best airline nine times, may offer a great business class experience. In economy, good luck. On a recent flight from New York to Doha lasting more than 10 hours, I sat near a toilet that was not cleaned once. Cabin…
Rubio acknowledges 'people are struggling' economically in speech after GOP midterm wipeout
WASHINGTON -- Secretary of State Marco Rubio gave a sweeping speech to fellow conservatives on Friday evening acknowledging that Americans are struggling in the current economy, while also railing against what he called the…
New Inflation Data Offers Terrible News for President Donald Trump's Economy and the AI-Driven Bull Market
From a statistical standpoint, investors have thrived with President Donald Trump in the White House. During his first nonconsecutive term (Jan. 20, 2017 – Jan. 20, 2021), the timeless Dow Jones Industrial Average (^DJI +0.10%), benchmark…
More than just streaming: TwitchCon drives $60M economic boost in San Diego
Thousands of gamers and creators are taking over the Convention Center this weekend for TwitchCon, the ultimate tech and pop culture event for the live-streaming platform Twitch. While not as big as San Diego Comic-Con International, TwitchCon is…
Euro area differences shape interest rate effects across the economy
The euro area's single monetary policy affects its roughly 360 million people differently through jobs, savings and borrowing, a speech published by the Bank for International Settlements on Nov. 12 said. Those differences also shape the economy's…
Xi Jinping can outlast Trump. Can China's economy outlast Xi?
Xi Jinping looks to be in the box seat before his showdown with Donald Trump next week. The American president is a lame duck after a bruising midterm election defeat. Voters are rebelling against the sprawling data centres powering America's…
Food arrives by drone in APEC host Shenzhen, as China expands 'low-altitude' economy
A steady hum fills the air around busy tourist areas in China's southern tech hug of Shenzhen, which is set to host world leaders at next week's APEC summit. SCROLL TO CONTINUE WITH CONTENT It is the sound of a fleet of drones crisscrossing the…
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