A Palestinian driver delivering food aid into Gaza was killed by an Israeli soldier, escalating tensions in the Middle East. Meanwhile, a Telstra network glitch caused a 48-hour outage, and the World Cup quarter-finals begin with France vs. Morocco.
A Palestinian man delivering food aid to Gaza was reportedly killed by an Israeli soldier. Telstra's network experienced a 48-hour outage due to a software glitch. The World Cup quarter-finals begin with France vs. Morocco.
Bank of England Chief Economist Huw Pill indicated that interest rates may need to rise this year to control inflation, which currently stands at 2.8%, above the 2% target. Pill noted that the economy's 'speed limit' is lower than before and highlighted productivity challenges in the UK, particularly in Wales.
Former BHP chief economist Huw McKay argues for robust government climate policies, like a carbon price, to drive decarbonisation at major resource companies. Leaked documents revealed BHP's delays in renewables projects and electrification, raising concerns about Australia's climate targets.
Silvana Tenreyro will become the International Monetary Fund's new chief economist starting August 10, 2026. Her policy experience and academic background, including her time on the Bank of England's Monetary Policy Committee, will be instrumental in guiding the IMF's global economic analysis.
Silvana Tenreyro will become the International Monetary Fund's new chief economist starting August 10, 2026. She brings significant policy experience and academic credentials to the role, having previously served on the Bank of England's Monetary Policy Committee.
Aaron Chatterji, economista jefe de OpenAI, intenta calmar los temores sobre el impacto de la IA en el empleo, argumentando que no todos los trabajos serán sustituidos y que la productividad aumentará. También aborda la responsabilidad legal de la IA y la necesidad de marcos legales comunes, así como las preocupaciones sobre la energía y la educación.
New Australian tax changes on capital gains are already impacting housing prices, contrary to opposition claims. Research indicates the 50% CGT discount, introduced in 1999, is a primary driver of the housing affordability crisis, not banking deregulation. Data also shows younger Australians are not the largest capital gains cohort, nor do they earn the most from them, challenging claims that the changes harm them.
Economists suggest China's crackdown on cross-border securities trading could bolster Hong Kong's financial standing by steering capital through official channels and reinforcing its role as an offshore yuan hub.
Andy Burnham's potential chief economic adviser, Jim O'Neill, advocates for billions more in borrowing for infrastructure investment, suggesting an independent body similar to the OBR to reassure markets.
Andy Burnham, Mayor of Greater Manchester, has enlisted three prominent economic advisors, including former Bank of England chief economist Andy Haldane, to bolster his fiscal credibility. This move precedes a potential return to Parliament via the Makerfield by-election and a possible challenge to Keir Starmer's leadership.
Plunging oil prices and a US-Iran deal spark optimism, but analysts caution Chinese firms sanctioned for Iran business may not see immediate relief from existing sanctions.
Moody's Analytics chief economist Mark Zandi warns that sudden US restrictions on Anthropic's advanced AI models, coinciding with the SpaceX IPO, highlight a hidden economic threat and pose a "massive threat" to market optimism and the economy.
The Albanese government's budget faces ongoing criticism, notably for disproportionately cutting support for Australians with disabilities, while concerns for the wealthy dominate public empathy.
Maximo Torero, Chief Economist at the FAO, warns that the war in Iran is severely disrupting the global fertilizer supply, potentially leading to a food crisis within a year.
Economist Holger Schmieding warns the European Central Bank would err by hiking interest rates to combat inflation, risking a recession in Europe's weakened "big three" economies. He suggests demand destruction will naturally curb inflation, negating the need for aggressive tightening.
China has enabled cross-border QR code payments with Indonesia, Thailand, Vietnam, Malaysia and Singapore, allowing users to pay in their home currencies. Alipay and QRIS now work across borders, with Chinese visitors able to use digital wallets in Thailand since late October and UnionPay/Alipay in Vietnam since December. Natixis analysts say the move advances dedollarisation, promotes yuan internationalisation and strengthens ASEAN economic ties.
Diageo shares rose 2% after Trump announced removal of 10% tariffs on Scotch whisky in honor of King Charles. UK house prices unexpectedly increased 0.4% in April with annual growth reaching 3.0%, while NatWest reported Q1 profits of £1.4bn despite setting aside £140m for potential economic worsening.
Chief Economist at the Stolypin Institute for Economic Growth Boris Kopeikin recalled that the UAE accounts for approximately 4% of global oil production and is estimated to hold more than 7% of all global reserves
U.K. inflation rose to 3.3% in March from 3% in February, driven by fuel prices seeing their largest increase in over three years due to the Iran war. Economists had expected the 3.3% rate. The conflict has renewed inflationary pressures on the U.K. as a net energy importer, potentially forcing the Bank of England to reverse course and raise rates at its April 30 meeting.
The West’s narrative of Chinese “overcapacity” is a double standard, said a former chief economist of the World Bank as he urged advanced economies to draw on “Eastern wisdom” rather than protectionism to navigate the rise of hi-tech competition. Justin Lin Yifu, a prominent advocate of Beijing’s industrial policy, dismissed claims that China’s auto-export surge was a sign of industrial imbalance. Speaking at Hong Kong Chu Hai College, Lin drew a contrast with Germany to expose a logical...
