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REVEALED: Economy news topic | Vintage Vibes

Anthropic sees AI driving GDP growth, but warns of job losses, wage pressure

Artificial intelligence could significantly accelerate economic growth by 2030, but faster AI adoption may also put pressure on employment and wages of knowledge workers, particularly in scenarios where AI becomes capable of autonomously performing a large share of knowledge-intensive tasks, according to Anthropic's latest economic outlook.

The Economic Times

Labor premiers join business groups in warning Albanese government over immigration cuts

Federal Labor is poised to announce a migration crackdown despite fears slashing visa numbers could damage economy

The Guardian - AU

OnlyFans Natalie Monroe Faces Prison After Earning $5.4M but Failing to Pay $1.5M in Taxes

OnlyFans creator Kylie Perez, alias Natalie Monroe, faces a year in federal prison for tax evasion after earning $5.4M. Learn about the implications for the creator economy and tax compliance.

International Business Times UK

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Federal judge blocks New York climate superfund law

In this week’s edition of Economy and Society:

Ballotpedia

India economy to regain its mojo, return to current account surplus: NITI Aayog's Lahiri

NITI Aayog Vice Chairman Ashok Kumar Lahiri stated the Indian economy is performing reasonably well. He anticipates the nation will soon achieve a current account surplus. A significant challenge remains the low manufacturing share in India's overall GDP. Lahiri highlighted the positive impact of foreign investment in key sectors like…

The Economic Times

How cash-in-hand businesses can get stuck in the informal economy

Around 10% of the UK economy operates off the books. That means billions of pounds worth of cash-in-hand payments that never get taxed.

The Conversation

Petronas Lubricants, Tata Motors collaborate for pilot used lubricant recycling model

Petronas Lubricants India and Tata Motors have signed an initial pact for a pilot project. This collaboration aims to establish a structured and scalable used automotive lubricant recycling model. The initiative will support India's evolving Extended Producer Responsibility framework and circular economy ambitions. It will create an organized and traceable…

The Economic Times

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Recyclekaro partners with TMK for recycling facility in Uzbekistan

Recyclekaro will establish a facility in Uzbekistan for e-waste and battery recycling. This strategic collaboration aims to recover critical minerals from across Central Asia. Feasibility studies are currently underway to determine the facility's operational scale. This move aligns with India and Uzbekistan's vision for industrial cooperation. The partnership will accelerate…

The Economic Times

India's new supply-chain wonder is set to shift the gears of growth

The operationalization of India’s freight corridors marks a transformative step for the nation’s logistics landscape, strategically positioned along major economic routes. These advanced routes not only expedite transport times but also elevate reliability for businesses, fostering better supply chain management with reduced costs. As a result, manufacturing exports are set…

The Economic Times

There are fewer than 4,000 billionaires worldwide, and they now hold a record $15.1 trillion. That's nearly half of the U.S. economy

Just 29 superbillionaires now control more than one-quarter of all billionaire wealth, up from 7% in 2017.

Fortune

US bond yields near 5%: What it could mean for stocks, corporate borrowing and the economy

US 10-year Treasury yields are nearing the 5% mark, raising concerns over the impact of higher borrowing costs on stocks, corporate financing, dealmaking and the broader economy. While elevated yields can pressure valuations and debt servicing costs, they may also signal stronger economic growth and robust demand for capital.

The Economic Times

Indian banks' names keep fading from your loan documents

The landscape of retail lending is shifting as non-bank lenders swiftly embrace smaller ticket personal and consumer durable loans. NBFCs and fintech firms are not just leading originations by both volume and value; they are redefining lending opportunities as the economy continues to develop. Banks are still integral, providing necessary…

The Economic Times

Privacy screens and sculpted headrests: What's new in premium economy?

Premium economy is getting an upgrade as airlines make flying more private, comfortable and luxurious – just without the hefty business class price tag.

Euronews

Taiwan Strait conflict could eclipse World War Two economic impact: US

A U.S. diplomat warned that Taiwan Strait conflict would impact the global economy more than World War Two. He stated the upcoming U.S.-China summit offers a chance to prevent miscalculations. Taiwan is enhancing its defense capabilities to deter potential threats from China. The island nation rejects Beijing's sovereignty claims and…

The Economic Times

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The Economic Times

Taiwan Strait conflict could hit global economy harder than World War Two, US envoy warns

A US diplomat warned of a Taiwan Strait conflict's severe global economic impact. He stated that any conflict would surpass World War Two's economic damage. The upcoming US-China summit offers a chance to prevent misunderstandings and miscalculations. The United States is reinforcing its Indo-Pacific presence and partnerships. Taiwan is also…

Motor1

Hyundai's Next Elantra Hybrid Will Be Even More Efficient

The eight-generation sedan will be larger and more powerful than the outgoing model, while returning similar fuel economy ratings.

Fortune

How Canada decided to hurt its own economy, raise its inflation—and most Canadians approved because they're so angry at Trump

Oxford economists predict Canadian Prime Minister Mark Carney’s retaliatory tariffs will slow economic growth and raise consumer prices.

Budget and the Bees

Your Credit Card Activity May Say More About the Economy Than You Think

Every time you swipe a credit card for groceries, dinner, gasoline, or a streaming subscription, you are contributing to a much bigger economic picture. Economists, banks, and payment companies closely study credit card activity because consumer purchases can reveal changes in household confidence and financial pressure before they become obvious…

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The Economic Times

Thru the optimism prism: GDP’s 7.8% print offers some hope for those willing to see it

India's economy grew by 7.8% in the first quarter of fiscal year 2027. This growth was fueled by a consumption spurt and government capital expenditure. Nimble energy diplomacy helped India navigate global energy shocks effectively. Exports also held up well due to diversification efforts by businesses. Stock markets show early…

The Economic Times

In 2024, Wales used 80,000 discarded diapers to build a road instead of sending 4 tons of waste to landfill

Carmarthenshire County Council has collaborated with Nappicycle to conduct a groundbreaking road trial. Thousands of used diapers were skillfully transformed into fibrous pellets designed for road surfacing. This pioneering initiative successfully diverted four tons of waste from overflowing landfills while ensuring the recycled material remained cost-effective. It exemplifies an innovative…

Euronews

Growth nearing 1% of GDP and higher revenues: what it means for the 2027 Budget Law

According to economist Pietro Reichlin, speaking to Euronews, the 1% forecast "is realistic, but Italy remains last in the EU". Growth is not enough to widen the room for the 2027 budget, held back by structural flaws like low productivity and an ageing population.

Newslaundry

Confused by the debate over India’s 7.8% GDP growth? Here’s a simple explanation

Bade bade deshon mein aisi choti choti baatein hoti rehti hai – Javed Siddiqui, Dilwale Dulhaniya Le Jayenge (1995)

The Guardian - UK

More than 600 UK flights cancelled after air traffic control ‘technical issue’ – as it happened

National Air Traffic Services apologise for technical issue disrupting departures today, which Flightradar24 say has caused hundreds of cancellations

The Economic Times

Global Market Today: Asia stocks waver as yen surges, Iran warns of retaliation

On Tuesday, Asian markets exhibited a mixed bag of outcomes, with the yen gaining strength significantly. Oil prices surged for the third consecutive day, driven by escalating threats from Iran in the Persian Gulf. Japan's economy displayed a faster growth rate than previously forecasted, alongside a notable rise in real…

France 24

Volkswagen's Osnabrück plant to switch from cars to defence

Crisis-hit Volkswagen has struck a preliminary deal to sell its Osnabrück plant in Lower Saxony to the state government and Israeli investor Aurelius Capital. From mid-2027, the iconic factory is expected to start producing equipment for Rafael Advanced Defence Systems, the company behind the Iron Dome missile defence system. But…

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