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Economy & Trade News

Central bank decisions, inflation prints, growth data and trade flows from financial wires, alongside the market reaction.

Showing the 60 most recent of 83 headlines. Updated .

  1. Iran war cost hits $38 billion, forecast to rise $3 billion a month, CBO says

    WASHINGTON — The six-month-old U.S. war against Iran has cost $38 billion so far and that amount is projected to rise by $3 billion a month, Congress' nonpartisan bookkeeper reported on Tuesday, as the Trump administration searches for ways to end the conflict and reopen the vital Strait of Hormuz.

    Korea Times WorldUnited States

  2. Hong Kong rated Asia’s top financial hub for 4th straight year: report

    Hong Kong has retained its status as Asia’s top financial hub for a fourth consecutive edition of the Global Financial Centres Index (GFCI), even as many of the world’s leading centres saw their scores slip slightly amid rising geopolitical headwinds. The city also ranked third globally in the 40th

    South China Morning PostChina

  3. Hong Kong unveils first five-year plan to cement position as global financial hub

    Hong ⁠Kong leader ​John Lee on Wednesday unveiled the city's first five-year plan to boost its global position as a financial hub. The plan serves as a social and economic roadmap detailing the city-state's strategic priorities, including an aim to expand technology ties with mainland China.

    France24 WorldChina

  4. European Shares Set For Firm Open Ahead Of Fed Verdict

    (RTTNews) - European stocks are seen opening a tad higher on Wednesday ahead of the U.S. Federal Reserve's interest-rate decision later in the day, with markets pricing in a 92.4 percent chance of a 25-bps rate hike in response to a recent hot inflation report.

    Nasdaq Markets

  5. Seoul envoy headed for US with deals, Hormuz on agenda

    South Korea’s Foreign Minister Cho Hyun will visit Washington for talks with US Secretary of State Marco Rubio, focusing on multi-billion dollar investments and a potential deployment in Hormuz.

    Arab NewsUnited States

  6. Slave-trade wealth was embedded in Britain’s financial system, research finds

    Dozens of Bank of England directors and founding subscribers invested in trafficking of enslaved Africans The Bank of England and the British financial system were for centuries deeply involved in the enslavement and transatlantic trafficking of millions of African people, according to new research

    Guardian WorldBritain

  7. Study finds violence affects millions across US with links to health, economic hardship

    A new national study reveals the widespread reach of violence across the United States, finding that more than half of U.S. adults have experienced physical violence and nearly half have experienced sexual violence in their lifetimes. The U.S. National Study on Violence Experiences Across the Lifesp

    Phys.orgUnited states

  8. The women running Kenya’s economy

    From monetary policy and budgetary oversight, to energy and tax enforcement, a powerful cohort of women is quietly steering Kenya’s economic core.

    The Africa ReportKenya

  9. Tom Cruise, 64, says he saw himself as the ‘CEO’ of his life early on

    Tom Cruise says he wrote down his goals as a teenager after realizing he wanted to make movies. Gilbert Flores/Variety via Getty Images Tom Cruise said he knew at a young age that he wanted to make movies. He wrote down his goals and the steps he needed to take to achieve them. The "Mission: Imposs

    Business InsiderCzech Republic

  10. Plain speak on AI controls: What, exactly, would we have to stop?

    In one of our more important write-ups early this year, we discussed how AI is going to be our economics and AI is going to be our politics for years and decades ahead. The debate over controlling it is making that plain. We normally prefer to reach our conclusion with the reader. With so much being

    Asia Times

  11. OpenAI's CFO says AI is replacing some jobs, but many are mundane ones

    OpenAI's CFO said AI is reducing the need for workers doing repetitive tasks, like credit checks. Bloomberg/Getty Images OpenAI CFO Sarah Friar said AI is reducing the need for workers doing repetitive tasks. Friar said OpenAI uses AI for "mundane" finance work like credit checks. Friar said that w

    Business Insider

  12. Mark Zuckerberg says AI labs can slow down on their own when safety demands it

    The Meta CEO said AI labs don't need an industry-wide pact to slow down for safety. Bloomberg/Getty Images Mark Zuckerberg said AI labs don't need an industry-wide pact to slow down for safety. Zuckerberg said market pressure will make trust and alignment competitive advantages. Zuckerberg said Met

    Business Insider

  13. Bitcoin, Ethereum, XRP Crash As CLARITY Act Fails To Pass Senate Vote

    Bitcoin, Ethereum and XRP hit fresh selling pressure following the failure of the U.S. Senate to pass CLARITY Act. A process vote on the bill was unsuccessful with fewer than 60 votes. The defeat follows months of talks between Republicans and Democrats on the digital-asset market structure bill. Ac

    CoinGape

  14. Cathie Wood’s ARK Sells $61M of Its Own Bitcoin ETF, Coinbase, Circle Stocks

    Cathie Wood’s ARK Invest reduced its crypto-related exposure by over $61 million on Monday. The sales were a day before the Clarity Act was not passed by the Senate. The firm shed jobs at Coinbase, Bullish, Circle Internet and ARK 21Shares Bitcoin ETF. Cathie Wood’s ARK Unloads Coinbase, Bullish, Ci

    CoinGape

  15. We've been warned about AI — but could it actually kill humanity? | About That

    Anthropic researcher Jacob Coxon resigned over concerns that artificial intelligence could cause human extinction within the next decade — and a slew of warnings have followed. Andrew Chang explains the spectrum of potential dangers posed by the 'intelligence explosion' worrying AI industry employee

    CBC World

  16. U.S. Bank Pilots USBDC Stablecoin for Cross-Border Payments on Stellar

    TLDR: U.S. Bank tested USBDC, its dollar-backed stablecoin, for a North America to Europe payment. The pilot ran on the Stellar blockchain under a 2025 partnership between U.S. Bank and PwC. U.S. Bank joins Open USD, a stablecoin consortium spanning more than 140 banks and fintech firms. Cornerstone

    BlockonomiAmerica

  17. F-35 engine upgrade clears key design review, Pratt says

    “It means that the design is solid. It means that we’re ready to move forward from an industrial base as well,” Jill Albertelli, the president of Pratt & Whitney’s military engines business, told Breaking Defense.

    Breaking Defense

  18. Bitcoin, BTC-Related Stocks Tumble After Senate Blocks Clarity Act 

    Bitcoin Magazine Bitcoin, BTC-Related Stocks Tumble After Senate Blocks Clarity Act  Bitcoin’s price tumbled — along with crypto-related stocks — following the blockage of the long-awaited Clarity Act.  The price of the leading cryptocurrency recently stood at $75,939, down 4% over the past day, af

    Bitcoin Magazine

  19. Strive’s Matt Cole: Bitcoin is Primed for 30% Growth into 2030

    Bitcoin Magazine Strive’s Matt Cole: Bitcoin is Primed for 30% Growth into 2030 Strive CEO Matt Cole shares his base case for Bitcoin, forecasting roughly 50% annualized returns through 2030. This post Strive’s Matt Cole: Bitcoin is Primed for 30% Growth into 2030 first appeared on Bitcoin Magazine

    Bitcoin Magazine

  20. UK publishes guidance backing companies that do business with the Falkland Islands

    The British government published guidance on Tuesday for companies and individuals conducting economic activity in the Falkland Islands or supplying goods and services to the archipelago, offering assistance to those who receive correspondence or threats of legal action from the Argentine authoritie

    MercoPressUk

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