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Economics Headlines
China’s solar surge nears milestone – even as Beijing hits brakes on sheer scale scmp.com
Coal capacity is projected to lose its long-held crown this year, despite a pivot from raw solar panel expansion to quality.
Source: scmp.com
Japan Trims Its Economic Outlook as Oil Prices Weigh on Growth bloomberg.com
Japan lowered its economic growth forecast for the current fiscal year, reflecting expectations that higher oil prices driven by tensions in the Middle East will weigh on domestic demand and add urgency to Prime Minister Sanae Takaichi’s efforts to address rising costs of living.
Source: bloomberg.com
Fed Holds Rates Steady but Three Officials Back Increase nytimes.com
Kevin M. Warsh’s second meeting as chairman of the Federal Reserve was colored by internal divisions over the path forward for policy.
Source: nytimes.com
Yacht travel scheme makes waves but can Hong Kong cash in on marine economy? scmp.com
Boat owners and maritime experts say Hong Kong must seize the opportunity to upgrade marine infrastructure to attract mainland yachts.
Source: scmp.com
Inside China’s two-speed economy: Why goods consumption is slumping even as exports and services boom fortune.com
From collapsing car sales to booming services and AI-linked manufacturing, China’s growth engines are pulling in sharply different directions.
Source: fortune.com
Video Federal Reserve holds interest rates steady as economy weathers resurgent inflation abcnews.com
The Federal Reserve held interest rates steady on Wednesday as the economy weathers resurgent inflation set off by the Iran war. ABC News’ Elizabeth Schulze reports from inside the Fed.
Source: abcnews.com
Democrat senators ask US SEC to probe Trump Media’s fast feed sale aljazeera.com
Trump Media has discussed charging as much as $100,000 a month for the Truth API product for buyers to get first access.
Source: aljazeera.com
Wildfires near France’s Bordeaux spark fears of ‘economic apocalypse’ for wineries independent.co.uk
Vast wildfires have ravaged an area four times the size of Paris, driving 220,000 people from their homes and impacting key tourist attractions
Source: independent.co.uk
Libya electricity blackout protests expose country’s failing grid aljazeera.com
Source: aljazeera.com
WATCH LIVE: Fed chair Warsh holds news conference after latest interest rate decision pbs.org
Source: pbs.org
Wildfires near Bordeaux bring more troubles to France’s wine industry bostonherald.com
Cuba Rolls Out More Economic Reforms as US Pressure Mounts bloomberg.com
Cuban officials announced another spate of economic reforms, as the communist-run island struggles to convince the US that its market-liberalization attempts will result in the change that the Trump administration is seeking.
Source: bloomberg.com
Stable growth, stubborn inflation: Q2’s GDP, inflation reports preview axios.com
Growth that’s resilient enough to withstand high borrowing costs, paired with inflation that remains above target, would reinforce the case for keeping monetary policy restrictive.
Source: axios.com
Feeding the circular economy: The rise in upcycled food reuters.com
The world’s appetite for upcycled food is growing. In Denmark, Rootly is a food-tech startup that has created a range of plant-based meat alternatives using surplus beet, carrots and mushrooms, along with the pulp from juice production.
Source: reuters.com
How LeBron James could impact Philadelphia’s economy, according to local experts inquirer.com
LeBron James joining the Sixers could be beneficial to Philadelphia restaurants and hotels.
Source: inquirer.com
