Goldman Sachs economists advise China to gradually appreciate its yuan and boost domestic demand to meet economic growth targets and counter foreign protectionism.
Severe drought in Europe severely impacts economic growth, forcing Romania to deploy naval forces for underwater riverbed detonations and threatening energy and transport across the continent.
NDA meeting emphasizes employment and economic growth under PM Modi, contrasting with UPA era. Modi's interaction with Nitin Nabin sparks curiosity amid BJP's loss in Bankipur.
South Korea's finance ministry announced tax code revisions aimed at strengthening economic growth potential beyond semiconductors, improving livelihoods for low- and middle-income households and youth, and pursuing a fairer, more rational tax system.
The US and Japan conducted a rare coordinated currency market intervention, with Japan buying yen to counter excessive volatility. Both nations signaled readiness for further action if needed, as Japan also cut its economic growth outlook due to high oil prices and a weaker yen.
Lake Chad has shrunk by 90% since 1823, threatening 50 million people in Cameroon, Chad, Niger, and Nigeria. Climate change, population growth, and insecurity exacerbate the crisis. A $50 billion Transaqua project is proposed to redirect water from the Congo River, alongside other multi-million dollar restoration efforts.
Hong Kong's finance chief, Paul Chan, announced the city will raise its 2026 full-year economic growth forecast after a 5.1% expansion in H1 2026. This is driven by strong global AI product demand and services exports, alongside a pledge to promote yuan use. Chan cautioned on geopolitical risks and US dollar interest rates.
US economic growth unexpectedly slowed to an annual rate of 1.5% in Q2, down from 2.1%, despite a boost in consumer spending. Lower government spending, investment, and exports contributed to the slowdown, while the economy weathers the financial impact of the war with Iran and tariffs.
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.
