Economy Industry News

Editorial | Politburo meeting signals cautious confidence in China's economy

The midyear Politburo meeting has long served as a critical checkpoint for Beijing, offering the central government a vital opportunity to reassess the first half of the year and steer the nation towards a more realistic economic trajectory for the…

Stock market turmoil sheds stark light on the opaque AI economy

Even for the rollercoaster world of AI, last week was particularly volatile as investors scrambled to keep up with developments that threatened the dominance of the largest western chipmakers. It began with a double whammy. On Monday, the Chinese…

China draws 'red lines' around its economic model ahead of EU, US trade talks

China is energetically defending its economic policy mix that favours advanced industries over consumption, adopting a posture analysts see as demonstrating increasing confidence ahead of looming trade talks with Europe and the United States.

Cosatu's call for action: solutions for South Africa's economic crisis

At the upcoming national congress, the Congress of South African Trade Unions (Cosatu) will unite workers from across the country to confront the pressing economic challenges facing the working class, including the soaring cost of living and rising…

Analysis-China draws 'red lines' around its economic model ahead of EU, US trade talks

By Claire Fu, Kevin Yao and Liangping Gao SINGAPORE/BEIJING, Aug 3 (Reuters) - China is energetically defending its economic policy mix that favours advanced industries over consumption, adopting a posture analysts see as demonstrating increasing…

UK Stock Market May Outperform if AI Bubble Bursts, Capital Economics Says

The U.K. stock market could prove more resilient than many global peers if the artificial intelligence (AI) investment boom reverses, according to Capital Economics, which argues that the FTSE 100 is better positioned than tech-heavy markets to…

Israel's labor shortage shows why foreign workers are vital to the economy

The recent Knesset debate over expanding foreign worker quotas has reignited a familiar public discussion. Critics argue that the system lacks proper planning and oversight, that foreign workers are replacing Israelis, and that their numbers have…

For the third time in history, women outnumber men in the workforce as the stay-at-home boyfriend becomes an economic trend

Socialism's rise challenges the capitalist economic system | Mike Rosen

Inheriting a deep recession and hyperinflation from the failed Carter administration, Ronald Reagan's bold measures of across-the-board tax rate cuts, deregulation and disciplined monetary policy broke the back of inflation in record time and…

Workers' Party to table motion calling for an 'economy of the future' for all Singaporeans

'This is our attempt to answer the pressing questions of the day and to write our own economic playbook,' said WP MP Kenneth Tiong. SINGAPORE: The Workers' Party (WP) will be introducing a motion in parliament on Tuesday (Aug 4) calling for an…

UK Economy Faces 2027 Recession Risk if Strait of Hormuz Stays Closed, EY Warns

Britain's economy could slip into recession in 2027 if the Strait of Hormuz remains closed to global shipping beyond the middle of next year, according to new forecasts released by EY on Monday. The accounting firm's latest outlook highlights the…

Lee returns from overseas trip with economic security gains, domestic tests ahead

President Lee Jae Myung returns home Monday after wrapping up the longest overseas trip of his presidency, an 11-day tour encompassing Germany, the United States and three South American countries that focused on securing artificial intelligence…

The economics of medical education

Every now and then in India, education generally and medical education and primary education specially, generate a lot of heated discussion. After a while things go back to their original state as everyone goes off to see a good movie or an IPL…

Chores or no chores? The economic psychology of giving kids pocket money

When I was growing up, many kids earned pocket money by babysitting, mowing lawns, walking dogs or washing cars for their neighbours. Part-time jobs delivering local papers or circulars (junk mail) were also popular. At home, some kids got a weekly…

Markwayne Mullin: Migrants Can Help 'Plug … Holes' in the Economy

Homeland Security chief Markwayne Mullin suggested Saturday the federal government could help employers by approving a greater inflow of visa-worker migrants. “This narrative that [visa worker programs] steal American jobs is true in some…