Economic news


German Spending Saves GDP from Falling, Bundesbank Says

German Spending Saves GDP from Falling, Bundesbank Says

Heavy government spending on defence and infrastructure will stop Germany from slipping into recession this year, as the war in Iran takes its ​toll on Europe's biggest economy and lifts inflation, the Bundesbank said on Friday. Germany’s economy ‌has been broadly st...


June 12, 2026
India May Inflation Hits 3.93%, Stays below RBI Target
India May Inflation Hits 3.93%, Stays below RBI Target

India's retail ‌inflation rose to 3.93% in May, driven by higher food and fuel costs, government data showed on Friday, while risks...

Exail Shares Dive as Bond Clash Risks Higher Debt Costs
Exail Shares Dive as Bond Clash Risks Higher Debt Costs

Shares in Exail Technologies plunged 17% on Friday after the underwater drone maker flagged a €380 million gap in ​perceived bond and...

China May Loans Miss Forecasts as Property Slump Bites
China May Loans Miss Forecasts as Property Slump Bites

China's new bank lending rose less than expected in May after ​contracting the previous month, as a prolonged property downturn continued to...

Rupee Rallies as Oil Slump Sparks Unwinding of Dollar Longs
Rupee Rallies as Oil Slump Sparks Unwinding of Dollar Longs

The Indian rupee surged against the dollar on Friday as growing expectations of a U.S.-Iran peace ​agreement sent oil prices sharply lower and...

UK Main Indexes Gain over 1% on Mideast Peace Hopes
UK Main Indexes Gain over 1% on Mideast Peace Hopes

Britain's shares edged higher on Friday after U.S. President Donald Trump said a peace agreement with Iran could be signed soon, ​while...

SpaceX Model Fuels China IPO Goals, but Tech Gap Stays
SpaceX Model Fuels China IPO Goals, but Tech Gap Stays

SpaceX's record $75 billion IPO is poised to supercharge Chinese space startups racing to fund the same technologies that ​have made...

UK Public Inflation Expectations Surged after Iran War, BoE
UK Public Inflation Expectations Surged after Iran War, BoE

The British public's expectations for inflation in ​the long term rose to a ‌record high last month after the U.S.-Israeli war on Iran...

UK Public Inflation Expectations Surged after Iran War, BoE
UK Public Inflation Expectations Surged after Iran War, BoE

The British public's expectations for inflation in ​the long term rose to a ‌record high last month after the U.S.-Israeli war on Iran...

Oil Falls to near 2-Month Lows as Trump Drops Iran Plan
Oil Falls to near 2-Month Lows as Trump Drops Iran Plan

Oil prices ​fell over 4% on Friday to their lowest in nearly two months after U.S. President Donald ‌Trump cancelled new strikes...

Gold Steadies, but Heads for Second Straight Weekly Loss
Gold Steadies, but Heads for Second Straight Weekly Loss

Gold steadied on Friday as oil fell on rising hopes for a peace ‌deal between Iran and the United States, but prices remained on track for a...

Dollar Steadies; Traders Weigh Prospects for Iran Ceasefire
Dollar Steadies; Traders Weigh Prospects for Iran Ceasefire

The dollar found its footing on Friday after sliding the previous day as traders waited for confirmation that a ceasefire deal in the...

Oil Slides on Gulf Peace Hopes, all Eyes on SpaceX Debut
Oil Slides on Gulf Peace Hopes, all Eyes on SpaceX Debut

Global stocks gained ​and oil tumbled on Friday as fresh hopes of a peace deal between Iran and the U.S. ‌fanned a rally, while...

Flutter's London Exit Deals another Blow to UK Markets
Flutter's London Exit Deals another Blow to UK Markets

FanDuel owner Flutter Entertainment said on Friday it would ‌delist from the London Stock Exchange in August while retaining its primary...

Indian Shares Advance as Oil Falls on Middle East Hopes
Indian Shares Advance as Oil Falls on Middle East Hopes

Indian shares advanced on Friday, tracking gains in other Asian markets, as oil prices fell after U.S. ​President Donald Trump cancelled plans to...

June 11, 2026
US, EU near Deadline on $11.5B Jet Dispute Tariffs
US, EU near Deadline on $11.5B Jet Dispute Tariffs

The United States and the European Union have yet to decide whether to continue ​suspending or to reimpose tariffs on $11.5 billion of...

BHP Workers Vote to Strike at Australian Iron Ore Hub
BHP Workers Vote to Strike at Australian Iron Ore Hub

BHP workers at Port Hedland in Western Australia voted in favour of strike action, two unions said on Thursday, risking disruptions to iron...

Slow Exits, Tight Cash Hang over PE Berlin Conference
Slow Exits, Tight Cash Hang over PE Berlin Conference

Weak cash distributions to investors in recent years are making it harder for ​private equity firms to raise new money, an issue dominating...

High US Mortgage Rates to Keep Housing Market Subdued: Poll
High US Mortgage Rates to Keep Housing Market Subdued: Poll

High mortgage rates will keep turnover in U.S. residential housing subdued this year and next with very modest price rises, according to property...

Oil Prices Steady as Investors Weigh US-Iran War Escalation
Oil Prices Steady as Investors Weigh US-Iran War Escalation

Oil prices were nearly flat on Thursday as investors ​weighed the impact of supply disruptions from the war in the Middle East after President...

KKR Launches $10B AI Infra Firm with Nvidia, Vistra
KKR Launches $10B AI Infra Firm with Nvidia, Vistra

A KKR-led group on Thursday launched a new company with more than $10 billion in committed capital to finance ​the build-out of AI...

US May Producer Prices Beat Forecasts on Energy Jump
US May Producer Prices Beat Forecasts on Energy Jump

U.S. producer prices increased more than expected in May, leading to the largest annual gain in 3-1/2 years as the Middle East conflict ​drove up...

US Weekly Jobless Claims Rise Slightly amid Jobs Strength
US Weekly Jobless Claims Rise Slightly amid Jobs Strength

The number of Americans filing claims for unemployment benefits increased marginally last week, pointing to continued labor market resilience in...

Alcohol Drinking will Shrink in next Decade, Research Finds
Alcohol Drinking will Shrink in next Decade, Research Finds

Global alcohol consumption is set to drop over the next ‌decade, despite population growth and rising demand in India, which is set to become...

Rupee Falls on Oil Dollar Demand, Erases RBI Gains
Rupee Falls on Oil Dollar Demand, Erases RBI Gains

The Indian rupee dropped against the U.S. dollar on Thursday, almost wiping out gains from the ​central bank's measures to attract dollar...

Pakistan Survey Projects FY26 GDP Growth at 3.7%
Pakistan Survey Projects FY26 GDP Growth at 3.7%

Pakistan's annual economic survey projected real ​GDP growth at 3.7% for the fiscal ‌year ending June 2026, according to the report...

Asics' Onitsuka Tiger Laces Up for Global Expansion
Asics' Onitsuka Tiger Laces Up for Global Expansion

Asics' Onitsuka Tiger, famed for its yellow and black sneakers, is embarking on a global expansion to capitalise on booming demand for its...

FTSE 100 Rises on Financials; Mideast Risks Limit Gains
FTSE 100 Rises on Financials; Mideast Risks Limit Gains

London's FTSE 100 ​index edged up on Thursday, supported by a recovery in financials ‌stocks, but gains were restrained by simmering...

Peace Hopes Steady Europe ahead of Expected ECB Rate Hike
Peace Hopes Steady Europe ahead of Expected ECB Rate Hike

Europe's markets ​firmed on Thursday as reports of ongoing peace talks between the U.S. and Iran nudged oil prices down ‌ahead of what is...

Gold Rebounds from 6-Month Low but Rate-Hike Fears Cap Gains
Gold Rebounds from 6-Month Low but Rate-Hike Fears Cap Gains

Gold prices rose on Thursday, rebounding from a ‌six-month low, as investors covered their short positions, though concerns around higher...

WBank says Indonesia 2026 GDP to Slow to 5% on Fiscal Strain
WBank says Indonesia 2026 GDP to Slow to 5% on Fiscal Strain

The World Bank said on Thursday that Indonesia's economic growth was expected to slow to 5% in 2026 as it comes under increasing fiscal strain...

Thai Farm Debt Crisis Deepens in Early Test for Anutin
Thai Farm Debt Crisis Deepens in Early Test for Anutin

Ahead of Thailand's February general election, politicians often came to court voters like 69-year-old rice farmer Chaon Taiupok in Ayutthaya,...

Hugo Boss Shares Jump after Frasers' $2.3 bln Takeover Bid
Hugo Boss Shares Jump after Frasers' $2.3 bln Takeover Bid

Shares in Hugo Boss rose about 7% on Thursday after Britain’s Frasers Group launched a $2.3 billion ​takeover offer for the German...

Beijing Investment Ban Clouds HK Banks, Insurers Outlook
Beijing Investment Ban Clouds HK Banks, Insurers Outlook

China's crackdown on cross-border investments is set to weigh on the lucrative businesses of banks, insurers and wealth managers in Hong Kong...

ECB Set for 'Insurance Hike' as Iran War Fans Inflation
ECB Set for 'Insurance Hike' as Iran War Fans Inflation

The European Central Bank is all but certain to raise interest rates on ​Thursday in the hope of nipping higher inflation in the bud before a surge...

Once Embargo Victim, US Becomes World's Top Oil Exporter
Once Embargo Victim, US Becomes World's Top Oil Exporter

The United States has become the world's largest oil exporter, upending a decades-old order long dominated by Saudi Arabia and Russia, a shift...

USD Wavers as Investors GBP Rate Outlook, Mideast Worries
USD Wavers as Investors GBP Rate Outlook, Mideast Worries

The U.S. dollar wobbled on Thursday as new U.S. strikes in the Middle East undermined sentiment, ​while a surge in May U.S....

Wall Street Drops over 1% on Tech, Iran War Worries
Wall Street Drops over 1% on Tech, Iran War Worries

The major U.S. stock indexes ended more than 1% lower on Wednesday, with chipmaker shares extending recent declines ‌and with renewed tensions...

Stocks Drop on Tech Losses as US Strikes on Iran Lift Oil
Stocks Drop on Tech Losses as US Strikes on Iran Lift Oil

Asian stocks turned lower on Thursday after a ​tentative early rise, dragged by a Wall Street selloff sparked by a hot U.S. inflation reading and...

June 10, 2026
US Consumer Inflation Breaks above 4% as Iran War Raises Energy Prices
US Consumer Inflation Breaks above 4% as Iran War Raises Energy Prices

U.S. consumer inflation increased at its fastest pace in three years in May, boosted by surging prices for energy products amid the Middle East...

Uber Sues New York City over 'Reckless' Driver Protection Law
Uber Sues New York City over 'Reckless' Driver Protection Law

Uber Technologies sued New York City to block enforcement of a ‌new law that it said would unconstitutionally force it to keep drivers it...

Dollar Stalls as US-Iran Clashes, Inflation in Focus
Dollar Stalls as US-Iran Clashes, Inflation in Focus

The dollar held steady on Wednesday as markets remained on edge over the latest clash between ​the U.S. and Iran, while awaiting closely watched...

Gold Falls over 2% on Fading Middle East Peace Hopes
Gold Falls over 2% on Fading Middle East Peace Hopes

Gold slid to a more than ‌two-month low on Wednesday as fresh fighting in the Middle East dimmed hopes of a resolution to the U.S.-Israeli war...


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