AI could force 11 million US workers into new careers by 2035, says McKinsey report
Automation may eliminate demand for 36 million jobs, but AI and economic growth could create 41 million positions over the next decade, McKinsey noted...
Category : Economy
Global debt tops USD 365 trillion after USD 10 trillion surge in H1 2026
Borrowing is accelerating as higher bond yields, fiscal deficits and refinancing needs threaten to turn mounting debt into a self-reinforcing cycle...
Chips, AI and critical minerals: The world is building two economies
As the US-China divide hardens, the question for middle powers is no longer about picking a side, but whether they can resist choosing at all...
Fed raises interest rates ahead of US midterms, Warsh calls it ‘right decision’
The decision taken by the apex bank has effectively put a stamp of acknowledgement on the Trump administration's inability to control inflation...
China’s two-speed economy, record exports and a consumer who will not spend
Shipments are growing at 25% a year while retail sales barely move. Beijing now has a dedicated plan for the gap, but the fixes are slow...
Powered by oil boom, Nigerian economy expands at its fastest pace in five years
Real GDP grew 4.43% in the three months through June, accelerating from 3.89% in the Q1, according to the Nigeria's National Bureau of Statistics...
Geopolitical blues: Selling Dubai to the people who already live there
The UAE insists its tourism economy is on the mend amid the Iran war, but its incentive schemes, and its central bank tell a more complicated story...
US debt tops USD 40 trillion, Trump again calls for lower interest rates
In a headache for the White House, the debt, that was below USD 20 trillion in 2016, has more than doubled in roughly a decade...
Weak consumer demand, slumping investment drag on China’s economic growth
Retail sales rose just 0.6% year on year in July, slowing from 1% in June and missing the 1.5% increase that economists had expected...
Singapore doubles down on AI boom, raises forecast after Q2 GDP growth
In its second GDP upgrade of the year, Singapore's Ministry of Trade and Industry lifted its forecast to 4.5%-5.5%, from the previous range of 2%-4%...