Economy Industry News
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Americans Spent A Record $11.8 Billion On Black Friday Despite Economic Worries
Studio portrait of attractive confident young woman in trendy black dress and glasses, posing over bright colored yellow background with credit card and Black Friday shopping bag in hands. If you listened solely to the mainstream media or consumer…
Has Rachel Reeves been economical with the truth? - The Latest
Keir Starmer has been pushed to defend his chancellor after she was accused of lying in the run-up to the autumn budget. Rachel Reeves is alleged to have misled the public by citing bleak economic forecasts from the Office for Budget Responsibility…
Japan's JBIC shifts financing focus to economic security projects
State-owned Japan Bank for International Cooperation (JBIC) is expanding beyond traditional development lending into financing for economic security projects as geopolitical risks reshape investment priorities, its chief said in an interview. The…
Bank Indonesia projecting 5.3% economic growth for next year
JAKARTA: Bank Indonesia (BI) has projected Indonesia's gross domestic product (GDP) to grow by around 5.3% year-on-year in 2026, supported by rising consumption and investment. BI governor Perry Warjiyo said during the 2025 BI annual meeting last…
Despite economic uncertainty, Cyber Monday could break spending records
NEW YORK (AP) — Deals promoted as some of the best of the holiday season are expected to keep people across the United States glued to their computers and smartphones as the post-Thanksgiving shopping marathon wraps up on Cyber Monday. It's…
Black Friday spending raises eyebrows over US economy
Data for Thanksgiving weekend shows consumers spent at healthy levels, but underlying details about spending patterns suggest this may not have been the economic boon the administration believes. According to Adobe Analytics, U.S. consumers spent…
UK economic growth forecast to slow next year as unemployment rises - business live
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. With the budget over, bar the inquest, attention is again turning to the health of the UK economy. We'll get a healthcheck on Britain's…
Why Cyber Monday could break spending records despite economic uncertainty
NEW YORK -- Deals promoted as some of the best of the holiday season are expected to keep people across the United States glued to their computers and smartphones as the post-Thanksgiving shopping marathon wraps up on Cyber Monday. It's no secret…
UK leader Keir Starmer backs his Treasury chief over claims she misled the public about the economy
LONDON -- British Prime Minister Keir Starmer on Monday defended his Treasury chief against opposition claims that she misled the public and the markets about the state of the public finances before last week's budget. Starmer said “there…
MP Materials: Industrial Policy And Geopolitics Outweigh Supply-Demand Economics (NYSE:MP)
Traditionally, our economy and markets have been all about supply and demand. Industrial policy, that's for other places. Other governments pick winders. Ours doesn't. But…. Times are changing. We're still big on free enterprise. But…
The State of AI: welcome to the economic singularity
Any far-reaching new technology is always uneven in its adoption, but few have been more uneven than generative AI. That makes it hard to assess its likely impact on individual businesses, let alone on productivity across the economy as a whole. At…
US says it will use G20 presidency to focus on economic growth
World Dec 1 (Reuters) - The United States, which on Monday assumed the 12-month presidency of the Group of 20 major economies, will focus on driving economic growth and prosperity, the U.S. State Department said. 'We will prioritize three core…
JAFF Market 2025 Unveils Award Winners, Reveals $7.8 Million Economic Impact
Indonesia's JAFF Market 2025 concluded with the announcement of industry awards and development grants supporting Indonesian film projects, providing recipients with financial backing, technical services and pathways to international markets. The…
New RBNZ head takes charge of 'ideal' economy
WELLINGTON: Sweden's Anna Breman is taking the helm of New Zealand's central bank at an ideal time, according to the man she's replacing. Breman, who began her five-year term as governor of the Reserve Bank of New Zealand (RBNZ) yesterday in…
Black Friday Sales Climb Despite Broader Economic Concerns
Sales on Black Friday rose from a year earlier, as data hints at US shoppers' resilience amid higher costs and job-market concerns. Despite macroeconomic swings, shoppers appear to have purchasing power and were spending at a consistent level…
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