Economy

The Abiodun Effect: Infrastructure, industry a ADC Ogun’s economic transformation, By Kayode Akinmade
Ogun State ranked second in Nigeria’s 2025 State Performance Index (pSPI) due to Governor Dapo Abiodun’s economic reform...

Young and unemployed? Remote work, not AI, may be the problem, study finds
A Federal Reserve Bank of New York study found remote work, not AI, is the primary reason for higher unemployment among ...

SOCAR president, Uzbekneftegaz board chairman review cooperation prospects
On June 1, SOCAR President Rovshan Najaf met with Uzbekneftegaz Chairman Abdugani Sanginov during Baku Energy Week to di...

Major Property Tax Relief Likely in Pakistan Budget 2026-27
Pakistan’s federal government is proposing major tax cuts on property transactions in Budget 2026-27, reducing withholdi...

US manufacturing activity hits four-year high: What are the forces driving the surprise rebound
US manufacturing activity surged in May, with the Institute for Supply Management’s PMI hitting a four-year high of 54.0...

AI is crushing startup valuations for companies that raised before ChatGPT existed
Over 220 former unicorns, including brands like Glossier and Calendly, have lost their billion-dollar valuations as AI-d...

Higher Crude Prices And Foreign Selling Weigh On Rupee
The Indian rupee remained under pressure near 94.99 against the U.S. dollar on Monday due to higher crude prices, foreig...

Why China Needs High GDP Growth Rates to Avoid a Crisis
China’s economy relies on unsustainable high GDP growth rates due to a distorted industrial model where firms prioritize...

Asia's factory output expands as firms stockpile buffers over Iran war risks
Asia’s factory output expanded in May as companies stockpiled supplies to counter potential disruptions from the Middle ...

Factories face soaring costs as Iran war causes supply shocks
The U.S.-Israeli conflict with Iran has disrupted global trade and energy supplies, causing European factories to face r...

Major Property Tax Relief Likely in Pakistan Budget 2026-27
Pakistan’s federal government is proposing major tax cuts on property transactions in Budget 2026-27, reducing withholdi...

US manufacturing activity hits four-year high: What are the forces driving the surprise rebound
US manufacturing activity surged in May, with the Institute for Supply Management’s PMI hitting a four-year high of 54.0...

AI is crushing startup valuations for companies that raised before ChatGPT existed
Over 220 former unicorns, including brands like Glossier and Calendly, have lost their billion-dollar valuations as AI-d...

Higher Crude Prices And Foreign Selling Weigh On Rupee
The Indian rupee remained under pressure near 94.99 against the U.S. dollar on Monday due to higher crude prices, foreig...

Why China Needs High GDP Growth Rates to Avoid a Crisis
China’s economy relies on unsustainable high GDP growth rates due to a distorted industrial model where firms prioritize...

Asia's factory output expands as firms stockpile buffers over Iran war risks
Asia’s factory output expanded in May as companies stockpiled supplies to counter potential disruptions from the Middle ...

Factories face soaring costs as Iran war causes supply shocks
The U.S.-Israeli conflict with Iran has disrupted global trade and energy supplies, causing European factories to face r...