Economy

Economic News

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UK 10-year borrowing costs drop to day's low as likely PM Burnham speaks

British 10-year government borrowing costs edged down to a day's low on Monday as former Greater Manchester Mayor Andy Burnham gave his first public speech since winning an election for a seat in the Westminster parliament.Burnham — the only declared challenger so far to Prime Minister Keir Starmer…

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BondsEconomy
NEWS reuters

UK's likely next leader Burnham says welfare cuts must be fair and lasting

Andy Burnham, the Labour lawmaker expected to replace Keir Starmer as prime minister, said on Monday the party would reduce the welfare bill in a way that is fair and lasting, helping people move forward rather than penalising those in need."We will reduce the welfare bill in a way that is fair and…

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EconomyStocksGB
NEWS reuters

UK Labour's Burnham vows greater public control over water, utilities

Andy Burnham, the Labour lawmaker expected to replace Keir Starmer as British prime minister, said on Monday his future government would allow all parts of the country to take greater public control of essential services such as water.In his first speech in Manchester, northern England, since retur…

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Economy

Retailers Rush in Imports; Bitter Fight Over Rare-Earths Development

Sponsored byRetailers Rush in Imports; Bitter Fight Over Rare-Earths Development By Liz Young | WSJ Logistics ReportChristmas goods are coming early for U.S. retailers.The WSJ Logistics Report's Paul Berger writes that ocean shipping rates are surging as retailers rush in clothes, electronics and h…

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Economy
NEWS zawya

ZAWYA: GCC asset management reaches $2.7trln in 2025, up 10% from 2024

Riyadh, KSA – Assets under management (AuM[1]) in the GCC grew by 10% in 2025, reaching $2.7 trillion and marking one of the strongest annual performances in over a decade, according to a new report from Boston Consulting Group (BCG). The findings, released as part of BCG's Global Asset Management…

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EconomyETFs
NEWS reuters

UK's likely next leader Burnham commits to existing fiscal rules

Andy Burnham, the Labour lawmaker expected to replace Keir Starmer as British prime minister, said his plans for the country are consistent with the party's 2024 manifesto, committing to a series of fiscal rules which are closely watched by financial markets.

Reuters en
Economy
NEWS reuters

Data centers aren't the real US power problem. Outdated policy is: Douglas J. Arent

By Douglas J. ArentData centers are being blamed for America's rising electric bills. But the real issue is not that AI — and consumers in general — are boosting energy usage. The real problem is structural, and it began long before the latest infrastructure boom.Average residential electricity rat…

Reuters en
Economy
NEWS zawya

ZAWYA: InteleTravel brings the world's largest independent travel network to the UAE

Dubai, United Arab Emirates: Intele Travel and Tours, trading as InteleTravel, the world's oldest and largest host travel agency with a growing network of more than 180,000 independent travel advisors worldwide, has launched its operations in the UAE as part of a landmark regional expansion for the…

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EconomyStocksUS
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ZAWYA: Oman: Al Wusta Governorate implementing over 173 projects worth $761,262

By: Times News ServiceDuqm: Al Wusta Governorate is currently implementing more than 173 developmental, economic, and tourism projects at a total cost exceeding OMR37.5 million, distributed across the governorate's wilayats. This reflects the scale of developmental momentum and the expanding scope…

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Economy
NEWS reuters

UK Labour's Burnham says state would intervene in economy where needed

Andy Burnham, the Labour lawmaker expected to replace Keir Starmer as British prime minister, said on Monday the party would intervene more directly in the economy where needed, arguing it would not leave everything to the market.Burnham was making his first speech in Manchester, northern England…

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Economy
NEWS zawya

ZAWYA: Oman kicks off participation at 50th SabaSaba Trade Fair in Tanzania

The Sultanate of Oman, represented by the supervisory team for promoting Omani products “OPEX”, has commenced its participation in the Golden Jubilee edition of the Dar es Salaam International Trade Fair “SabaSaba 2026” in Tanzania. The exhibition brings together 3,891 exhibitors from more than 23…

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Economy
NEWS dow-jones

Major Canadian Economic Indicators Expected This Week

All dates are in ET Time. Tuesday, June 30, 2026 Exp Prev ET/GMT 0830/1230 Jun Principal field crop areas 0830/1230 Apr GDP GDP, M/M% +0.4% -0.1% Qtrly An…

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Economy
trading-economics

UK Mortgage Borrowing Drops to One-Year Low

Net mortgage borrowing by UK individuals fell to £2.9 billion in May 2026, down from £4.4 billion in April and below market expectations of £4.6 billion.This marked the lowest level since May 2025 and was well under the six-month average of £5.1 billion, as rising mortgage rates and weakened consum…

Trading Economics en
Economy
trading-economics

India Industrial Production Picks Up

Industrial output in India expanded by 5.1% from the previous year in May of 2026, picking up from the 4.9% increase in the previous month and ahead of market expectations of 4.7%.It was the sharpest pace of growth since February, when cheaper energy prices before the outbreak of war in the Middle…

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Economy
NEWS reuters

India's May industrial output grows 5.1% y/y

India's industrial output (INIP=ECI) grew 5.1% year-on-year in May, compared to a growth of 4.9% in April, government data showed on Monday.Economists polled by Reuters expected growth of 4.5%.

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Economy
NEWS reuters

IMF says Malawi credit programme hinges on economic reforms

By Frank PhiriThe International Monetary Fund is ready to move quickly on a credit programme for Malawi, the lender said on Monday, but warned it will depend on the country's willingness to implement economic reforms.IMF Resident Representative Nelnan Koumtingue said discussions were focused on pol…

Reuters en
Economy
zawya

ZAWYA: Aacciona successfully pilots a novel cement-free concrete pavement

ACCIONA has developed a prototype pavement made up of 14 precast slabs produced with novel cement-free concrete. The solution replaces clinkers with industrial by-products used as a binder, marking a decisive step toward lower-footprint infrastructure, aligned with the growing demand for sustainabl…

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