Uzbekistan's economy grew 8.5% in the first half of 2026, driven by structural reforms since 2017, with significant increases in investment, exports, and sectoral growth, alongside improved credit ratings from Moody's and Fitch.
British Prime Minister Andy Burnham opened his "Number 10 North" office in Manchester on Friday, aiming to reverse decades of centralized power in London and spur economic growth by devolving power to local communities across England.
Andy Burnham announced regional mayors will play a leading role in UK economic policy through the revived National Economic Council and the opening of No 10 North in Manchester, aiming for a significant rebalancing of power and driving growth across the UK.
Wes Streeting, the new UK Defence Secretary, stated that increased defence spending is a top economic priority for Andy Burnham's government, aiming for 3.5% of GDP by 2035. He emphasized clarity for the arms industry and criticized Israel's conduct in Gaza.
South Korea's government and ruling party plan to reinvest increased tax revenue from robust semiconductor exports into youth and regional development, while also easing military zone restrictions. This comes as exports surged 52.3% in early July driven by chips, and Seoul stocks rebounded. Separately, LIG D&A partnered with Airbus for next-gen unmanned aircraft.
Australia's housing policy has a rich history of public investment, initiated by various governments over nearly 30 years, to address housing affordability and social needs. Despite challenges and resistance, these interventions significantly boosted home ownership and eased rental pressures, influencing current tax reforms.
China's economy grew 4.3% in Q2, its slowest pace in over three years, missing forecasts. Despite strong exports driven by AI and EVs, domestic spending and investment lagged, raising concerns about economic imbalance and long-term job creation.
Incoming Prime Minister Andy Burnham's proposal to abolish the Department for Science, Innovation and Technology (DSIT) has sparked significant backlash from MPs, Whitehall officials, and tech experts. Critics argue the move would be a major mistake, hindering the UK's critical role in tech and AI development.
The Bombay Stock Exchange (BSE), India's oldest stock exchange, celebrates 151 years. From its humble beginnings under a banyan tree to its current status as a global financial powerhouse, the BSE has mirrored India's economic transformation, facilitating capital raising for businesses and wealth creation for investors.
Opposition Leader Angus Taylor attacked Pauline Hanson's One Nation party, calling it a "column of smoke" incapable of solving Australia's problems. He warned their policies could cost a trillion dollars, increase inflation, and risk a debt crisis, while Hanson met with controversial British activist Tommy Robinson in London.
Opposition leader Angus Taylor has strongly criticized Pauline Hanson's One Nation party, calling it a 'column of smoke' incapable of solving Australia's problems. Taylor warned that One Nation's policies could cost a trillion dollars, increase inflation, and risk a sovereign debt crisis, while Hanson is in London meeting with controversial British activist Tommy Robinson.
Russia's technological and economic development over the next five years will be primarily driven by the creation of a seamless drone delivery mechanism integrating land, water, and air transport, according to Sergey Kukarev, Aviation Project Director at GLONASS.
Economist Surjit Bhalla states a comprehensive India-US trade deal is vital for India's economic growth, competitiveness, and development, extending beyond trade balances to markets and technology. He warns delays benefit China and urges PM Modi to prioritize it, noting other trade deals are insufficient.
The IMF forecasts global GDP growth of 3% for this year and 3.4% for next, a slight downgrade from April. The report cites the Middle East war's impact offset by AI-driven tech demand, with risks still tilted to the downside.
BlackRock CEO Larry Fink expressed concerns about New York City's economic future, taxation, and public services, suggesting the company might deploy US resources elsewhere if conditions worsen. He cited the city's reliance on top earners for tax revenue and criticized "13 years of weak administrations."
BlackRock CEO Larry Fink voiced worries about New York City's management, taxation, and economic future, suggesting the company might deploy US resources elsewhere if conditions worsen. He criticized "13 years of weak administrations" and stated he doesn't receive appropriate services for his taxes.
BlackRock CEO Larry Fink voiced concerns about New York City's economic future, taxation, and public services, suggesting the company might deploy US resources elsewhere if conditions worsen. He criticized "13 years of weak administrations" and stated he doesn't receive adequate services for his taxes.
BlackRock CEO Larry Fink voiced concerns about New York City's economic future, taxation, and public services, suggesting the company might deploy US resources elsewhere if conditions worsen. He criticized "13 years of weak administrations" and stated he doesn't receive appropriate services for his taxes.
Korea's booming semiconductor sector masks a grim reality for small businesses. High inflation, interest rates, and a weak won are crushing domestic demand, leading to record closures, especially in the restaurant industry. Despite economic growth, self-employed workers face mounting debt and rising costs.
Russia supports the US "back to basics" approach to the G20, focusing on economic growth and financial stability, according to Russian Sherpa Denis Agafonov. The US presidency, which began December 1, 2025, is seen as promising due to its focus on practical aspects.
Russia's G20 Sherpa, Denis Agafonov, stated that Moscow is in close contact with the US on G20 matters, focusing on economic growth and emerging tech like AI. He noted common ground exists between the two nations.
Andy Burnham, presumptive UK PM, prioritizes lowering energy bills, a key voter concern. Experts predict high bills this winter despite Middle East peace, with analysts forecasting £1,849 for households. Burnham aims to ease costs without risking public finances.
The University of Northampton's Vice-Chancellor argues that widening access to higher education is crucial for improving regional productivity and strengthening the national economy. The university generates significant economic value locally and nationally, with graduates often entering vital sectors like the NHS and education.
India's Goods and Services Tax (GST), rolled out in 2017, has significantly expanded the taxpayer base from 66.5 lakh to 1.65 crore, reflecting economic formalization. It has streamlined indirect taxation, digitized administration, and reshaped business operations and supply chains, leading to greater transparency and efficiency.
