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kyivpost.com | 36 min. ago NEW

Russia Uses North Korean Forced Labor to Sustain War Against Ukraine, Investigation Finds

#Compliance #earnings #economy #Russia #sanctions #Support #Ukraine

A new investigation by The Hague-based Global Rights Compliance (GRC) has exposed a Russian recruitment network that places North Korean workers in factories supporting Moscow’s war against Ukraine, circumventing UN sanctions through student visas. Investigators documented coercive working conditions, the involvement of North Korean officials and the diversion of workers’ earnings to Pyongyang.

The findings reveal how Russia’s war economy and North Korea’s weapons financing have become increasingly intertwined.

euronews.com | 54 min. ago NEW

EU's push to reduce reliance on China could come at a price

#China #Diversification #economy #EU

Brussels is preparing a new tool to shield the EU economy from countries weaponising its strategic dependencies. But European businesses fear the costs of diversification - and question which sectors will be targeted.

koreatimes.co.kr | 2 hrs. 17 min. ago

US stocks hold steady ahead of Fed rate decision

#Dow Jones #economy #Fed #Federal Reserve #Fund #Hold #Inflation #interest rate #Interest Rates #Main #Nasdaq #SET #stock #stocks

NEW YORK — U.S. stocks are drifting Wednesday as the countdown ticks toward this afternoon’s announcement from the Federal Reserve on what it will do with interest rates. The S&P 500 rose 0.2 percent and pulled within 1 percent of its all-time high, which was set earlier this month.

The Dow Jones Industrial Average was up 149 points, or 0.3 percent, as of 12:46 p.m. Eastern time, and the Nasdaq composite was mostly unchanged. The day’s highlight will likely be what the Federal Reserve says, if anything, about where interest rates are heading. The Fed raised its main interest rate last month for the first time in three years in hopes of slowing the high inflation that’s squeezing the economy and discouraging Americans.

The widespread expectation on Wall Street is that the Fed will leave the federal funds rate alone at this meeting, and the question is whether it will give hints about what may happen at later meetings. Fed Chairman Kevin Warsh, though, has been adamant since taking over the Fed about wanting it to give fewer indications about its future moves.

Wall Street cares so

independent.co.uk | 2 hrs. 46 min. ago

As war strains Kremlin finances, Putin reaches into more pockets in search of new revenue streams

#economy #Fund #revenue #Russia #tax revenue #Ukraine

With Russia’s invasion of Ukraine intensifying the strain on state finances, President Vladimir Putin is reaching for cash to fund his government and the war, squeezing tax revenue from an economy that’s increasingly skewed toward the military — while civilian needs take a back seat

theguardian.com | 3 hrs. 32 min. ago

‘Feels like we’ve gone backwards’: Indonesia’s choking haze provides spark for wider protests

#economy #Indonesia

After two years, President Prabowo Subianto is struggling with economic malaise, policy blunders and a devastating fire season in the world’s third-largest democracyAs almost 2m hectares has gone up in smoke in Indonesia’s worst fire season in a decade, enveloping the region in a thick dystopian haze, 33-year-old university researcher Nurul Amalia has grown increasingly exasperated.“The government claims to be continuously increasing the number of personnel to extinguish it.

But we have yet to see any significant progress,” she says. Continue reading...

smh.com.au | 5 hrs. 55 min. ago

Binoculars over the border: The Chinese town visited by Kim Jong-un

#China #economy

Dandong, in north-eastern China, has built a tourism industry around peering into the world’s most secretive country while propping up its economy.

newsbeep.com | 6 hrs. 42 min. ago

What we now know about the UK economy in four charts

#debt #economy #Inflation #SET

Inflation also raises the cost of borrowing for the government, with spending on debt interest set to rise.…

newsbeep.com | 8 hrs. 37 min. ago

The Jackdaw gasfield, net zero and climate adaptation

#climate crisis #economy

Green economy | Andy Burnham writes that his determination to tackle the climate crisis is “unwavering” and that the transition must…

nypost.com | 10 hrs. 58 min. ago

Applications to US MBA programs nosedive as Gen Z remains skittish on economy, AI

#AI #economy

The number of students applying to full-time MBA programs for the class of 2028, entering this fall, plunged 27% compared to last year, according to data released Tuesday by the Graduate Management Admission Council (GMAC).

theguardian.com | 11 hrs. 29 min. ago

The Guardian view on Labour’s budget: bold ambitions and welcome first steps

#Bank #banks #budget #cost of living #Disposable Income #economy #Forecast #growth #Landlords #Margin #mortgage #Power #profit #relief #Value

Editorial | Banks, landlords and gambling firms will pay more as the chancellor begins building a fairer economy and a more active state in a cost of living crisisJohn Healey’s first budget was a Rorschach test. Supporters saw dozens of measures offering “breathing space” to a public worn down by rising prices.

Critics admitted to a slew of announcements but countered that each was modest in value. Underlying both views is that the budget was more ambitious on how a state can do more to protect the public than on how much it spends. The chancellor has taken a small step in the right direction – a tricky feat in a turbulent world.

But an economy marked by entrenched inequality and more than a decade of stagnation will need a bigger stride.The Office for Budget Responsibility’s “pretty grim picture” of living standards exposes the budget’s central weakness: its relief is temporary, while the squeeze on households persists. As the government deficit shrinks and company profits recover, households are expected to move from saving roughly £50bn in 2026 to borrowing roughly the same amount in 2031. By then, mortgage repayments are expected to reach 4.25% of household disposable income – the highest level since 2009. The OBR expects growth to recover from 1% in 2027 to 1.8% in 2029, while weak worker “bargaining power” allows firms to rebuild profit margins.

That sits uneasily with Mr Healey’s promises to working people. Continue reading...

independent.co.uk | 12 hrs. 6 min. ago

This was a defensive Budget, in every sense

#budget #economy #Optimism

Editorial: As well as the raft of small, short-term measures to give households ‘breathing space’, the chancellor offered grounds for optimism that the Burnham government is determined to fix the economy – and rebuild national security

ft.com | 12 hrs. 42 min. ago

Fed holds rates as expected and upgrades view on economy

#economy #Fed #Hold

The decision to hold rates at the October meeting was less contested than we expected

axios.com | 12 hrs. 47 min. ago

Iran pressed to make nuke concessions as massive post-midterms strikes loom

#Blockade #economy #Egypt #energy #Fund #GAP #Infrastructure #Iran #Li #oil #Pakistan #Qatar #Regional #relief #Return #sanctions #Saudi Arabia #Stress #strike #Support #Trump #Turkey #United States

Regional mediators led by Qatar are trying to reach a diplomatic deal to restart negotiations between the U.S. and Iran and prevent the resumption of war after the midterm elections, three U.S., Israeli and regional sources say.The Qataris are working to convince Iran to allow UN inspectors to visit its bombed nuclear sites in return for some sanctions relief from the U.S.

Why it matters: A renewed bombing offensive appears likely shortly after the midterms without a last-minute deal. IDF chief of staff Gen. Eyal Zamir spoke on Monday with CENTCOM commander Adm. Brad Cooper to coordinate ahead of potential attacks.Such an operation is expected to include a week of massive strikes on Iranian leadership, energy, nuclear and infrastructure targets, U.S. and Israeli officials say.What he's saying: President Trump told Axios in a brief interview Wednesday that negotiations with Iran are taking place through mediators but stressed that he doesn't know whether they'll bear fruit."We need to finish the job — either through a deal or another way — we will find out if negotiations can succeed," he said."While our Brave Armed Forces are fully prepared to defend the Homeland, Iran continues to give diplomacy a chance to succeed," Foreign Minister Abbas Araghchi said on X Wednesday.Behind the scenes: The mediation efforts are being led by Qatar, with the support of Pakistan, Saudi Arabia, Egypt and Turkey, sources say.

Qatari negotiator Ali al-Thawadi visited Tehran earlier this week for talks with Iranian officials about a potential deal with the Trump administration. A regional source briefed on the talks said the Qataris presented ideas for how to bridge the gap between the U.S. demand that Iran give up its enriched uranium stockpile and Iran's insistence that the U.S. first lift its naval blockade and release Iran's frozen funds.The regional source and a U.S. official said the mediators are telling Iran that accepting the proposals may be the only way to avoid major attacks after the midterms.Saudi, Turkish and Pakistani security officials reinforced that message during a visit to Tehran several days ago.

The Iranians responded that they will seek Supreme Leader Mojtaba Khamenei's approval for the ideas in the next several days, the regional source said. After the visit to Tehran, Saudi officials told the White House that the Iranians are concerned about a possible U.S.-Israeli bombing operation after the midterms, per a U.S. official.

The Saudis asked Trump not to rush into war and to allow more time for negotiations. Zoom in: One idea under discussion is returning to the agreement that Iran reached with the International Atomic Energy Agency last year in Cairo.The September 2025 agreement allowed UN inspectors to resume visits to Iran's nuclear sites.

It was suspended after the UN Security Council reimposed "snapback" sanctions on Iran a month later. IAEA Director General Rafael Grossi told the UN Security Council Tuesday that reviving the Cairo agreement could provide a framework for restoring inspections of Iranian nuclear facilities damaged in U.S. and Israeli strikes.If Iran agrees to allow UN inspectors to visit its nuclear sites, it could receive waivers to sell oil and see some of its frozen funds released to buy food and other humanitarian goods, the regional source said."There is some movement.

We are waiting for the Iranian response," that person said. "The idea is that the Iranians will be able to say that they didn't give up the enriched uranium up front, and the U.S. will be able to say that it got some nuclear concessions from Iran."The other side: The regional source said the White House told mediators it will weigh in on the proposed deal after learning whether Iran accepts it.

Trump discussed Iran with Secretary of State Marco Rubio and White House envoy Steve Witkoff during a trip to Texas on Air Force One Tuesday. On Wednesday, he discussed Iran with his national security team as part of his intelligence briefing, U.S. officials say. "As the President stated, they have been systematically destroyed, both militarily and financially, and unless they change their ways, rapidly, we will soon finish the job," a White House official said."The United States is in a very strong position with control of the Strait of Hormuz and the Iranian economy collapsing," the official added.

"Iran has been decimated, and one way or the other, the conflict in Iran will be over very soon."

independent.co.uk | 13 hrs. 35 min. ago

Inflation to surge beyond forecasts as UK economy set for growth slowdown

#budget #economy #Forecast #growth #Inflation #SET

The Office for Budget Responsibility said UK inflation is set to rise to a peak of around 3.75% by the start of next year.

newsbeep.com | 14 hrs. 10 min. ago

Electricity, insurance and eggs: see how has life in Australia got more expensive

#Australia #economy #Electricity #Inflation

Inflation | It has been nearly five years since inflation crashed on to Australia’s shores, as a rebounding post-Covid economy…

nytimes.com | 14 hrs. 13 min. ago

A U.K. Budget With ‘Breathing Space’ in a Time of Rising Energy Costs

#budget #economy #energy #global economy #interest rate #Interest Rates

The new government, led by Andy Burnham, aimed to lower household and business bills amid higher interest rates and a turbulent global economy.

theguardian.com | 15 hrs. 58 min. ago

OBR slashes UK growth forecast for 2027 despite Healey’s budget measures

#budget #cost of living #economy #Forecast #growth #Li #Pound

Outlook for living standards also downgraded as part of impact of Middle East conflict on economyHealey offers £100 payment to households to help navigate ‘global economic storms’Budget 2026: key points at a glanceBudget 2026 live – latest updatesBritain’s economy has taken a multibillion-pound hit as the war in the Middle East drags down growth and triggers a fresh cost of living crisis, according to the government’s independent forecaster.In a report as John Healey announced his first budget, the Office for Budget Responsibility (OBR) issued a sharp downgrade for growth, living standards and the public finances despite the measures taken by the chancellor.

Continue reading...

theguardian.com | 18 hrs. 15 min. ago

Budget 2026 live: Healey delivers first budget of Burnham’s government

#budget #economy #Electricity #Gas #Li

Chancellor warns of ‘global economic storms’ threatening UK economyBudget 2026: key points at a glanceMartin Lewis said that, when he met John Healey this morning, the chancellor said that, having removed standing charges from gas bills, he would also like to get rid of them from electricity bills.

Lewis said:The chancellor said he will be talking to Ofgem about how they get rid of the charge on electricity as well, but that is ‘trickier’ apparently and will take longer. Continue reading...

newsbeep.com | 18 hrs. 16 min. ago

Burnham’s government unveils its first UK budget: What to expect

#budget #economy #SET

Business and Economy News | British Chancellor John Healey will set out the country’s autumn budget, the government’s tax and spending plans, the…

al-monitor.com | 18 hrs. 19 min. ago

Iranians cut essentials and put dreams on hold as war-hit economy bites

#BIT #budget #economy #Hold #housing #Inflation #United States #wages

By Parisa HafeziDUBAI, Oct 28 (Reuters) - Iranian families are cutting back on food, housing and education as the eight-month-old war with the United States fuels one of the country's worst inflation surges in decades, eroding incomes and pushing households to the brink.The strain is being felt far beyond the country's major cities.

Workers say wages no longer cover basic expenses, while businesses face rising costs and weakening demand as families spend most of their budgets on food, rent and other necessities.

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globalnews.ca | 18 hrs. 21 min. ago

Cut tax, reduce deficit, grow economy. Can B.C. Conservatives do it all at once?

#budget #economy

Cutting tax and simultaneously fixing the budget "are contradictory," said Werner Antweiler, a professor at the University of British Columbia.

nytimes.com | 18 hrs. 39 min. ago

The Ocean ‘Was the Color of Chocolate.’ Mexico Declares War on Seaweed.

#economy #Mexico

To protect Mexico’s tourism-reliant economy, the Navy is fighting a massive sargassum bloom that dumps thousands of tons of seaweed onto Caribbean beaches daily.

newsbeep.com | 18 hrs. 55 min. ago

Innovation summit highlights N.Y.’s growing space economy

#economy #Innovation

BUFFALO, N.Y. — New York is looking to strengthen its position in some of the fastest-growing areas of…

ft.com | 19 hrs. 15 min. ago

The great American investment boom

#Boom #economy #investment

This is a sign of an economy that is prioritising the future over the present

koreatimes.co.kr | 19 hrs. 56 min. ago

Lee's 'migrant workers don't contribute much' remarks fall short of embracing Korea's growing diversity

#agriculture #Don #earnings #economy #subsidies #wages

President Lee Jae Myung said Tuesday that migrant workers “don’t contribute much to the national economy” because they send their earnings home. When criticism followed his remarks at a Cabinet meeting, he focused on a word missing from a newspaper headline — “much.” But restoring that word does little to address the larger question of whether the president sees foreign workers as members of Korea's increasingly diverse society or mainly judges their worth by where they spend their wages.

Lee made the remarks while instructing officials to consider wage subsidies to attract Korean workers to agriculture. “For national security reasons, we must sustain agriculture, forestry, livestock farming and fisheries,” he said. “Bringing in foreign workers doesn’t contribute much to the national economy because they send all their earnings home.”

After The Hankyoreh, a local daily newspaper, reported migrant rights groups’ criticism, Lee demanded a correction and apology because its headline omitted “much.” The newspaper subsequently added the word. The president explained t

france24.com | 21 hrs. 8 min. ago

Israel: The economic challenges ahead

#economy #Israel

Questions over the future of Israel’s economy are looming in the wake of the elections. With one of the highest costs of living in the region, and defence spending continuing to rise, households are facing growing financial pressure. Caitlin Brown reports.

independent.co.uk | 21 hrs. 26 min. ago

What these vital British businesses need to see in the Budget today

#budget #economy #Support

Industry bodies have laid out their priorities to support the economy

koreatimes.co.kr | 22 hrs. 8 min. ago

Lee's 'don't contribute much' remarks fall short of embracing Korea's growing diversity

#agriculture #Don #earnings #economy #subsidies #wages

President Lee Jae Myung said Tuesday that migrant workers “don’t contribute much to the national economy” because they send their earnings home. When criticism followed his remarks at a Cabinet meeting, he focused on a word missing from a newspaper headline — “much.” But restoring that word does little to address the larger question of whether the president sees foreign workers as members of Korea's increasingly diverse society or mainly judges their worth by where they spend their wages.

Lee made the remarks while instructing officials to consider wage subsidies to attract Korean workers to agriculture. “For national security reasons, we must sustain agriculture, forestry, livestock farming and fisheries,” he said. “Bringing in foreign workers doesn’t contribute much to the national economy because they send all their earnings home.”

After The Hankyoreh, a local daily newspaper, reported migrant rights groups’ criticism, Lee demanded a correction and apology because its headline omitted “much.” The newspaper subsequently added the word. The president explained t

koreatimes.co.kr | 23 hrs. 37 min. ago

Gov't to review security at over 170 critical telecom, internet facilities

#AI #artificial intelligence #Bank #economy #Infrastructure #Safeguard #Spread #Telecommunications

The government plans to review security at more than 170 critical information infrastructure facilities managed by 111 private-sector organizations, officials said Wednesday, as cyber breaches continued across the financial sector. The checks follow President Lee Jae Myung’s order to strengthen safeguards across core national systems as suspected artificial intelligence (AI)-assisted attacks have spread across most major financial segments since a breach at Shinhan Bank was reported to authorities on Sept.

30. The facilities are designated under the Act on the Protection of Information and Communications Infrastructure because disruptions could significantly harm national security, the economy or society. They include telecommunications and internet data center systems run by SK Telecom, KT and LG Uplus. The Ministry of Science and ICT will focus on how operators identify and address vulnerabilities in internet-facing assets, including servers and web pages.

The review comes amid concerns that inadequately managed external access points may have enabled recent financial sector breache

koreatimes.co.kr | 1 days ago

Lee's migrant worker remarks fall short of embracing Korea's growing diversity

#agriculture #Don #earnings #economy #subsidies #wages

President Lee Jae Myung said Tuesday that migrant workers don’t “contribute much to the national economy” because they send their earnings home. When criticism followed his remarks at a Cabinet meeting, he focused on a word missing from a newspaper headline — “much.” But restoring that word does little to address the larger question of whether the president sees foreign workers as members of Korea's increasingly diverse society or mainly judges their worth by where they spend their wages.

Lee made the remarks while instructing officials to consider wage subsidies to attract Korean workers to agriculture. “For national security reasons, we must sustain agriculture, forestry, livestock farming and fisheries,” he said. “Bringing in foreign workers doesn’t contribute much to the national economy because they send all their earnings home.”

After The Hankyoreh, a local daily newspaper, reported migrant rights groups’ criticism, Lee demanded a correction and apology because its headline omitted “much.” The newspaper subsequently added the word. The president explained t

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newsbeep.com | 1 days ago

‘Two Bermudas’ gap widening – The Royal Gazette

#economy #GAP

David Annan, the Bermuda College economics lecturer (File photograph) Economists have pointed to alarming trends for Bermuda’s economy,…

smh.com.au | 1 days ago

Grant Theft warning: Chalmers faces new inflation nightmare before Christmas

#Australia #economy #Inflation

Chalmers, Gallagher and Albanese have to play a larger role in easing demand in the Australian economy to deal with global inflationary pressures.

washingtonpost.com | 1 days ago

Trump announces plan to weaken methane rules for oil and gas companies

#Boom #Compliance #CTA #Don #economy #energy #Fund #Gas #Guidance #index #Infrastructure #Iran #Li #Mexico #oil #R #Regulation #Support #trade #Trump #United States

The Trump administration is moving to weaken a regulation that requires oil and gas companies to limit leaks of methane, a more potent driver of climate change than carbon dioxide.President Donald Trump announced the Environmental Protection Agency’s proposed regulation at an event in Lubbock, Texas, on Tuesday evening.

EPA Administrator Lee Zeldin said earlier this month that the agency was “days not weeks” away from issuing the proposal, roughly outlining its contents.“We’ve been working on this for a long time,” Trump said at the rally. “We were working on this before the war broke out,” he added, referring to the Feb.

28 attack on Iran. Get Climate Coach newsletterNews and guidance on climate, science and technology. Sign up for freeThe move comes even as several major oil companies, including Chevron and ExxonMobil, have long supported direct federal regulation of methane, arguing that industry-wide rules are needed to curb leaks.

But that support has not always extended to every provision: The companies have at times pressed regulators to narrow monitoring and reporting requirements.Smaller independent producers and their trade groups have more aggressively fought methane rules as burdensome and costly. Executives at some of those firms — including several major donors to Trump — have pushed to roll them back.Methane, which traps about 80 times as much heat as carbon dioxide over a 20-year period, accounts for roughly 12 percent of greenhouse gases, according to an EPA webpage that the agency removed from its site after Trump took office.

Another EPA report says methane “emissions represent the greatest opportunity for low or no-cost mitigation” of climate change.Last year, Zeldin said the rule aimed at curbing methane leaks and dozens of other regulations were being reconsidered in what he has called the largest deregulatory action in U.S. history, aimed at saving businesses and consumers money.

Environmental advocates say any savings are more than outweighed by public health costs and damage to the economy caused by climate change and increasing weather extremes.“Americans must be able to afford to heat their homes in the winter and fill up their car and drive to work,” Zeldin said in a statement earlier this month, before the proposal’s release, while attending the New Mexico Oil and Gas Association’s annual meeting.

“They can’t do that when the people producing the energy are weighed down by unnecessary burdens.”The 2023 Biden-era rule requires companies to reduce methane emissions from new and existing oil and gas infrastructure, demanding monitoring and retrofitting old equipment to reduce leaks. The standard also instituted curbs on volatile organic compounds, which can cause air pollution that is harmful to breath or warm the climate.“The oil and gas industry says it’s a ‘good-faith’ partner eager to help craft regulations, but time and time again it’s worked behind the scenes to delay and weaken them.

As a result, the United States today emits more methane from its oil and gas sector than any other country in the world,” Julia Kane, a researcher with Fieldnotes, an oil and gas watchdog group, said in a statement.“Now, Lee Zeldin’s EPA is giving oil and gas corporations exactly what they’ve long wanted: a toothless methane standard they can use to pretend they’re well-regulated, all while they continue to knowingly leak and flare dangerous amounts of the heat-trapping gas.”Most Read From The Washington PostBoomer women are dating after divorce.

Men don’t always meet their standards.I went to Mexico to test-drive the cars Americans can’t buyAt 80, he’s a top dementia expert. Here’s how he keeps his brain healthy.Grand jury declines to indict Cassidy Hutchinson over Jan. 6 testimonyTrump defends White House redecorating — and Cheesecake Factory — from Obama’s mockingThe Trump EPA proposal is expected to reverse the 2023 rule’s ban on routine flaring, allowing companies to burn off excess gas rather than capturing it.

The draft policy would also eliminate the Super Emitter Program, which required companies to take action on major methane leaks when detected by third-party watchdogs.Methane has accounted for about 30 percent of global temperature rise since the industrial revolution, according to the International Energy Agency, and the rollback is alarming environmental advocates.The proposed regulation would also change standards for “marginal wells,” which produce only 6 percent of U.S. oil and gas but account for about half of the sector’s methane emissions.Zeldin said in October that the old rules wrongly lumped together “mom and pop” oil and gas producers, which he said could be put out of business by the rules, with multinationals such as Exxon and Chevron.“Part of this process has been to keep the concerns that are coming in from the application of [the regulations] to these far smaller operations and how to get the regulation right for them,” Zeldin told reporters in a briefing at EPA headquarters.

Myron Ebell, who ran the EPA’s transition team going into Trump’s first term, praised the potential regulation change for trying to “level the playing field” between Big Oil and independent producers.The EPA weakened enforcement of existing methane regulations last year, saying the agency’s “enforcement and compliance will no longer focus on methane emissions from oil and gas facilities” in a memo on March 12, 2025. The Environmental Defense Fund, an advocacy group, estimates that additional gas released or flared in the first year under that policy could have otherwise supplied nearly 19 million households.In November, the EPA also delayed deadlines to comply with many of the 2023 standards until 2027.This article originally appeared on Washington Post at https://www.washingtonpost.com/climate-environment/2026/10/27/trump-announce-relaxed-rules-oil-firms-methane-leaks/

koreatimes.co.kr | 1 days ago

Gov't to lift hoarding bans on urea, medical goods as supplies stabilize

#Diesel #economy #Fertilizers #Hold #Holding #market

Korea will lift bans on hoarding urea, urea solution, medical syringes and needles imposed earlier this year following supply concerns stemming from the Middle East war, citing stable inventories and supplies, the finance ministry said Wednesday. The Ministry of Finance and Economy made the announcement during a meeting of economy-related ministers, saying the hoarding ban on urea and urea solution, introduced in March, will expire at the end of this month.

Restrictions imposed on medical syringes and needles, which have been in place since April, will also be lifted, the ministry added. Urea is used to curb emissions in diesel vehicles and make agricultural fertilizers. Under the bans, companies were prohibited from holding inventories exceeding 200 percent of their average monthly sales last year for seven days or longer for urea products and five days for medical supplies.

"With domestic supplies remaining stable and no signs of hoarding or disruption to market order, the government will seek to end the hoarding ban," the ministry said. "Even after the ban expires, the government will c

smh.com.au | 1 days ago

Thank you, Mr President: BlueScope gets a windfall from Trump’s tariffs

#economy #Import #R #tariff #tariffs #Trump

Donald Trump’s tariffs on steel imports have kicked off a bonanza for steel producers in the US, including BlueScope. They’re a pain for the wider economy.

independent.co.uk | 1 days ago

Majority of Britons pessimistic about future of UK economy as 70% expect Budget tax hike, new polling shows

#budget #economy

John Healey will deliver his first Budget on Wednesday in a highly anticipated address

koreatimes.co.kr | 1 days ago

Lee, farmers at odds over farmland survey, trade pact

#CPTPP #economy #trade

President Lee Jae Myung tried in vain to appease disgruntled farmers who remain suspicious of the administration’s motives behind the nationwide farmland survey. Korea’s potential accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has further complicated reconciliation efforts. Joining the trade pact is important for Korea’s outward-looking economy, but doing so could come at a cost to farmers.

Monday’s town hall meeting was unproductive, if not an outright failure. Lee remained indecisive about the CPTPP, while his explanation of the farmland survey was evasive. He even attempted to deflect responsibility for the controversial policy, suggesting that a confrontation with farmers may be inevitable.

Farmers take the survey seriously, viewing it as a direct threat to their livelihoods. They fear they could be ordered to sell their land against their will. The Lee administration’s farmland survey has become one of its most controversial policies, deepening the decline in the president’s approval ratings.

The survey itself is not contro

voanews.com | 1 days ago

UN: Large-scale return of Afghan refugees strains Afghan economy

#Afghanistan #economy #Infrastructure #jobs #Return

The United Nations Development Program in Afghanistan said Tuesday in a post on X that the large-scale return of Afghans has added “pressure on jobs, essential services and infrastructure.” UNDP adds that between 2023 and 2025, about 4.9 million Afghans returned to the country.

ft.com | 1 days ago

UK government quietly axes more than two dozen new road schemes

#economy #growth #Regional

Cost-saving move raises questions about commitment to regional growth just as Andy Burnham pushes devolution as way to kick-start economy

ft.com | 1 days ago

Australia’s drive to transform economy with data centres, aerospace — and meat pies

#Australia #economy #Fund #reconstruction #Return

Labor government’s National Reconstruction Fund posts 7.7% rate of return in its second year

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