Economy

Market Growth OutlookThe global smart ports market is expected to grow from $2.0 billion in 2022 to $15.5 billion by 2032, according to a new Allied Market Research report that…

South Korea’s medical device market is projected to grow at a compound annual growth rate of 5% until 2034, according to a new report from GlobalData. Government investment accelerates high-value…

Foreign tourists will face higher entry costs at some of the most visited U.S. national parks beginning in 2026, the Department of the Interior announced on Tuesday. Extra $100 Charge…

India has granted legal status to millions of gig and platform workers under a new labor framework that took effect on Friday — a landmark shift for delivery, ride-hailing, and…

London is expected to gain the authority to impose a tourist levy on overnight visitors, a change that could generate up to £240m a year and reshape how the city…

Inflation Slows to a Four-Month LowThe UK inflation rate fell to 3.6% in the year to October, its lowest level in four months, according to the Office for National Statistics.…

UK economic growth slowed to 0.1% in the July-to-September period, falling short of the 0.2% expected by analysts, according to figures from the Office for National Statistics (ONS). The slowdown…

China has suspended several export restrictions on critical minerals and rare earth materials to the United States, signaling that a tentative trade truce between the two economic powers is holding.…

Malaysian Prime Minister Anwar Ibrahim announced the construction of a 600 million ringgit ($142 million) super magnet manufacturing facility in Pahang, describing it as a key step toward strengthening Malaysia’s…

The Dutch government has assumed control of Nexperia, a Chinese-owned chipmaker in the Netherlands, by invoking the Goods Availability Act. This “highly exceptional” decision aims to safeguard the European supply…

China’s government has denounced President Donald Trump‘s latest threat to impose an additional 100% tariff on Chinese goods, calling it a “typical example of US double standards.” A spokesperson for…

Inflation has risen for three of the last four months and is now slightly higher than it was a year ago. Despite this, neither President Donald Trump nor top Federal…

The IRS announced new federal income tax brackets and standard deduction amounts for the 2026 tax year on Thursday. These new figures apply to tax returns that will be filed…

China has tightened its export controls on rare earths and other materials critical for advanced technology manufacturing as trade negotiations continue with the U.S. Beijing processes roughly 90% of the…

The Bank of England issued a warning on Wednesday, stating that the risk of a “sharp market correction” has increased. The central bank noted that equity market valuations appear stretched,…

The European Union has announced plans to substantially increase tariffs on imported steel, a move that the UK’s steel industry has called “perhaps the biggest crisis” it has ever encountered.…

Gold prices reached an unprecedented $4,000 per ounce on Tuesday as global investors sought a safe haven against a combination of a weaker dollar, geopolitical volatility, economic uncertainty, and stubborn…

Canada’s economy could grow exponentially by 2035 if businesses fast-track their artificial intelligence adoption and respond to growing climate change threats, according to a new study from PwC Canada. The…

Federal Reserve Chair Jerome Powell noted on Tuesday that asset prices, a category that typically includes stocks and other risk instruments, are at elevated levels. Speaking at the Greater Providence…

According to a new impact report from Oxford Economics, YouTube content creators contributed £2.2 billion to the UK economy in 2024 and supported 45,000 jobs. The findings of this report…