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Global Economic News

The World’s Biggest Gold Mines

  Gold prices have surged to record highs, driven by geopolitical tensions, economic uncertainty, and ongoing purchases by central banks. This month, the price of gold climbed nearly 60% this year, surpassing the $4,000-per-ounce mark (average closing price from October 1 to 27) before stabilizing...

Spain’s Gas Demand Soars Following Major Blackout

Spain has seen a dramatic increase in gas demand for electricity generation, rising by nearly 37% from January to September. This surge comes as the country turned to more gas-fired power to stabilize the grid after Europe’s most significant blackout in modern history. In late...

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Apple Plans to Manufacture Most iPhones for U.S. in India by 2026

Staff Reporter Apple Inc. (AAPL) plans to source the majority of its iPhones sold in...

U.K. Consumer Confidence Plummets to Lowest Level Since 2023 Amid Tariff Concerns

Staff Reporter Consumer confidence in the U.K. has dropped to its lowest point in over...

OpenAI Interested in Buying Google Chrome if Antitrust Trial Forces Sale

Staff Reporter As the remedy phase of Google’s antitrust trial unfolds, OpenAI has emerged as...

Global Roundtable Highlights Growing Debt Risks for Low-Income Countries Amid Rising Uncertainty

Staff Reporter A global roundtable on debt management emphasized the urgent need for improvements in...

IMF Lowers 2025 Growth Outlook for Major Asian Economies, Cautions on Global Slowdown Amid Trade Concerns

Staff Reporter The International Monetary Fund (IMF) has revised its growth predictions for key Asian...

Visualizing America’s $19 Trillion Consumer Economy in a Single Chart

  Staff Reporter In a reflection of its status, the United States stands as the world's...

Burger King Franchisee with 57 Locations Files for Bankruptcy, Owing $37 Million to Creditors

  Staff Reporter The owner of 57 Burger King restaurants has filed for bankruptcy, citing high...

Quinnipiac Poll: Americans Have Mixed Feelings About AI’s Impact

  Staff Reporter A recent poll from Quinnipiac University reveals that Americans hold mixed feelings about...

Tariff Effects Start to Impact Housing Market

Staff Reporter The effects of tariffs are beginning to manifest in the housing market. Mortgage...

United Airlines Issues Dual Profit Forecasts for 2025, Calls Economic Outlook ‘Unpredictable’

Staff Reporter United Airlines maintained its full-year profit forecast on Tuesday but took the unusual...

Bessent: White House to Begin Interviews for Next Fed Chair This Fall

Staff Reporter U.S. Treasury Secretary Scott Bessent announced on Monday that the White House plans...

Apple Accelerates iPhone Production in India and Vietnam as Trump Pauses Tariffs

Staff Reporter President Trump has implemented a 90-day pause on "reciprocal" tariffs for countries that...

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The World’s Biggest Gold Mines

  Gold prices have surged to record highs, driven by geopolitical tensions, economic uncertainty, and...