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Moody's top economist warns of US Recession again; says: Unemployment will rise
Moody's Analytics chief economist Mark Zandi warns the US economy is growing below potential, risking rising unemployment and falling participation. He highlights that rising fuel prices, exacerbated by the Iran war, are offsetting tax cut benefits and stalling real wage growth.
Now Rachel Reeves takes aim at independent bookshops 'to fund benefits' in latest business rates blitz
Independent bookshop owners have warned soaring bills and tax raids could lead many to closure.New analysis has shown around 400 independent retailers in England and Wales face an average rates bill rise of £4,563 a year.One shop owner suggested they would need to sell 1,141 more books a year to offset the £3,461 jump in the firm’s annual rates bill in April.Now, the Booksellers Association has suggested its members were angry at Labour for raising their bills in the "National Year of Reading",...
BA boss warns costly aviation taxes and rail tickets are stunting UK growth
UK lagging behind rivals on tourism growth because of travel costs and lack of joined-up planning, says CEO Sean DoyleThe cost of travel to and around the UK is keeping millions of tourists away and slowing economic growth, the boss of British Airways said, as he urged a rethink of aviation taxes.The airline’s chief executive, Sean Doyle, said the UK had some of the highest aviation taxes in the world and was falling behind countries such as Japan, France and Germany in boosting its inbound tour...
Israel's permanent state of war comes with economic, social costs
The enormous costs of Israel’s multi-front war and Prime Minister Benjamin Netanyahu’s determination to turn his country into a “super-Sparta” of the Middle East are driving up the defence budget and raising fears of cutbacks in education and healthcare. The total cost of the series of interconnected regional conflicts that began with Hamas’s attack on Israel on October 7, 2023 stood at 405 billion shekels ($138bn) as of late April, according to the governor of the Bank of Israel, Amir Yaron. “T...
How Bank Tellers Are Stopping Customers From Giving Money to Scammers
With cybercrime continuing to rise, some banks are testing new prevention strategies. JPMorgan Chase hired a behavioral scientist.
As Oil Prices Spike, Talk of ‘Demand Destruction’ Sets In
The decades-old term refers to the sustained loss of demand for a commodity, caused by high prices.
Maharashtra onion farmers demand Rs 3,000/quintal, say relief measures fall short
Maharashtra farmers welcomed relaxed onion procurement rules but demand a minimum support price of Rs 3,000 per quintal, stating current rates of Rs 1,580 are below production costs. They seek transparent procurement and compensation for past losses, arguing that rule changes alone won't resolve their financial distress.
Britain's disability benefits bill soars as number of middle-class families receiving payments has doubled in past FOUR years to nearly 200,000
Britain's disability benefits bill soars as number of middle–class families receiving payments has doubled in past FOUR years to nearly 200,000 Get your news delivered straight to you by 7am – sign up to our new Morning Mail newsletter for FREESee more Daily Mail on Google - save us as a Preferred SourceBy DAVID OLASEINDE Published: 09:44, 7 June 2026 | Updated: 09:44, 7 June 2026 e-mail View comments
Maktoum bin Mohammed: UAE success measured by sustainable impact and future prosperity - Emirates 24|7
Maktoum bin Mohammed: UAE success measured by sustainable impact and future prosperity Emirates 24|7
FIA arrests 2 in Lahore over 'illegal' currency exchange, another 2 for copyright violations
The Federal Investigation Agency (FIA) said on Sunday that its Lahore unit has arrested four suspects during separate raids for their alleged involvement in hawala/hundi operations and violations of the Copyright Act. An FIA spokesperson told the media that the raids were conducted by the agency’s Lahore Corporate Crime Circle at different locations in the provincial capital. Two suspects were arrested for allegedly running illegal currency exchange and hawala/hundi businesses. During the operat...
Steve Rosenberg: Lasting image of Russia's economic forum is plume of smoke over St Petersburg
Steve Rosenberg: Lasting image of Russia's economic forum is plume of smoke over St Petersburg8 minutes agoShareSaveAdd as preferred on GoogleSteve RosenbergBBC Russia EditorGetty ImagesA huge plume of thick black smoke dominated the St Petersburg skyline on Wednesday after a Ukrainian drone attackAn evil sorcerer is the last person you'd expect to see at an economic forum.But there he stood working his wizardry.With sleight of hand Russian folklore villain "Koshchei the Deathless" (or, rather,...
Major fashion chain announces 22 new store openings in aggressive expansion plan
Spanish fashion giant Mango has unveiled plans to launch 22 new stores across Italy through a major partnership with department store operator Coin as the retailer accelerates its European expansion strategy.The Barcelona-headquartered company confirmed the new locations will open between September 2026 and the end of 2027.The agreement comes as Mango marks 25 years of operating in the Italian market, which has become one of the retailer’s strongest territories for revenue growth.Daniel López, M...
Car industry pressing EU for further delay to Brexit EV tariffs
Exclusive: deal in 2020 had sought to stimulate local battery making but industry says it still cannot meet targetsThe EU and UK car industries are urging the European Commission to adjust the Brexit trade deal and suspend, for a second time, tariffs on imports of electric vehicles.They have expressed concerns that they will not be able to meet the conditions set for 1 January 2027 for tariff-free sales. This is because of strict rules of origin over what products can qualify for tariff-free tra...
Anika Wells spends more than $330 of taxpayer money on car trip that lasted less than 3km
Anika Wells spends more than $330 of taxpayer money on car trip that lasted less than 3kmCharges taxpayer almost $1750 for short car tripsREAD MORE: Anika Wells failed to disclose husband's lobbying role See more Daily Mail on Google - save us as a Preferred SourceBy NICHOLAS COMINO, POLITICAL REPORTER, AUSTRALIA Published: 06:46, 7 June 2026 | Updated: 06:47, 7 June 2026 e-mail View comments
'Vishwaguru can't shield its own citizens': Oppn slams Centre over Rs 29 LPG price hike
Domestic LPG cylinder prices have risen by Rs 29, with a 14.2-kg cylinder now costing Rs 942 in Delhi. This marks the second increase in three months, drawing sharp criticism from opposition parties who accuse the government of exacerbating inflation and burdening households. The hikes are linked to rising global energy prices amid Middle East conflict.
Saved by the barrel: Why crude hasn't hit the $200 mark
Despite fears of $200 oil following Strait of Hormuz disruptions, prices remain below $100. This resilience is attributed to increased US exports, weaker Chinese demand, and alternative supply routes. While some shipping through the strait continues, overall transits are down. Emergency measures and subdued demand have averted the worst-case scenario, but market stability hinges on temporary solutions.
Albanese minister's pointed message to New Zealand Prime Minister after he labelled capital gains tax a 'wrecking ball'
Albanese minister's pointed message to New Zealand Prime Minister after he labelled capital gains tax a 'wrecking ball'Amanda Rishworth defends CGT changesNew Zealand PM described tax as 'wrecking ball' See more Daily Mail on Google - save us as a Preferred SourceBy NICHOLAS COMINO, POLITICAL REPORTER, AUSTRALIA Published: 06:12, 7 June 2026 | Updated: 06:13, 7 June 2026 e-mail View comments
'Indian households pay lowest cooking gas prices in world': Ministry after LPG hike
Indian households continue to pay among the lowest cooking gas prices in the world, the ministry of petroleum and natural gas said on Sunday.
Poultry industry grows at consumers’ cost
• Prices stay high despite export disruptions• Beef hits Rs1,500-1,800 per kg, mutton Rs2,700-2,900 KARACHI: Amid disease outbreaks, export suspensions, volatile market conditions and rising feed and production costs, the poultry sector has continued to grow by eight per cent annually over the past 10 years. Higher prices for poultry might cause a slowdown in the purchasing patterns of low- and middle-income people, but they still rely on poultry as it costs much less than beef and mutton. As pe...
Kenyan graduates turn to AI tools for farming as jobs dry up
Young farmers are combining traditional agriculture with mobile apps to build livelihoods in the absence of formal jobs.