Economy Desk

Covering markets, economic policy, inflation, and business news that shapes financial decisions.

Disney Hollywood Studios featuring Pixar branding as the animation studio faces hundreds of job cuts in 2026

Disney Cuts Hundreds of Jobs at Pixar and ESPN in Third Layoff Round of 2026

Walt Disney Co. is cutting several hundred jobs at Pixar, ESPN, and National Geographic in its third round of layoffs in 2026. Pixar bears the brunt as the studio shifts to a

July 21, 2026

by Economy Desk

Chevrolet truck on the road representing General Motors North American vehicle sales

General Motors Beats Q2 Earnings, North America Profits Jump 43 Percent

General Motors reported Q2 revenue of $48 billion and raised full-year guidance Tuesday, with North American profits jumping 43 percent on strong truck and SUV demand. Adjusted EBIT of $3.9 billion exceeded estimates as the company maintained its quarterly dividend

July 21, 2026

by Economy Desk

Pep Boys auto service bays Carl Icahn Mavis Discount Tire acquisition

Carl Icahn Sells Pep Boys to Mavis Discount Tire for $700 Million

Carl Icahn's Icahn Enterprises has agreed to sell the Pep Boys auto-service chain to Mavis Discount

Novo Nordisk headquarters and GLP-1 drug packaging amid federal lawsuit against Eli Lilly

Novo Nordisk Files Federal Lawsuit Against Eli Lilly Over GLP-1 Drug Advertising

Novo Nordisk filed a federal Lanham Act lawsuit against Eli Lilly on Monday, accusing Zepbound's maker

German Chancellor Friedrich Merz announcing the coalition reform package in Berlin 2026

Germany’s Merz Coalition Announces Biggest Economic Reform Package in Decades

Germany's coalition unveiled a €10bn income tax cut, pension overhaul, and sick leave reform Thursday, with Deutsche Bank calling it one of the biggest reform packages in decades. Chancellor Merz faces September

July 3, 2026

Business·Economy·News

Sultan Al-Musallam at Vision Golfe forum in Paris discussing Saudi Arabia France bilateral trade and investment

French Investment in Saudi Arabia Nearly Tripled, With 30 Firms Now Calling Riyadh Home

French capital committed to Saudi Arabia nearly tripled over three years, climbing from SR7 billion to SR19 billion, while 30 French companies established Riyadh as their Gulf headquarters, the Federation of Saudi

July 2, 2026

Business·Economy·News

US nonfarm payrolls June 2026 labor market data showing 57000 jobs added below forecast

US Added 57,000 Jobs in June, Less Than Half What Forecasters Expected

The US added just 57,000 jobs in June, less than half the 110,000 economists expected, as leisure and hospitality shed 61,000 positions despite the US hosting World Cup group-stage matches. The unemployment

July 2, 2026

Business·Economy·News

EU Chamber president Jens Eskelund presents European firms China dependency data at Kiel Institute Berlin conference 2026

European Firms Are Deepening Their China Reliance, Not Walking Away From It

European firms are becoming more reliant on China, not less. A survey of EU Chamber members shows 56% are deepening their China manufacturing, while chamber president Jens Eskelund told Berlin's Kiel Institute

July 2, 2026

Business·Economy·News

Japanese PM Sanae Takaichi and India PM Narendra Modi at 16th India-Japan Annual Summit in New Delhi

Japan PM Takaichi Signs AI and Defense Pacts in New Delhi as Bilateral Ties Deepen

Japanese PM Sanae Takaichi and India's Narendra Modi signed 16 agreements at the 16th India-Japan Annual Summit — spanning AI, defense, clean energy, and supply chains — as Japan reaffirmed a 10-trillion

July 2, 2026

Business·Economy·Government and Politics·News

Saudi crude oil supertankers transiting the reopened Strait of Hormuz, July 2026

Saudi Aramco Makes Rare Spot Sales as Gulf Crude Exports Hit Post-War Peak

Saudi Aramco made rare spot sales to Asian buyers as four supertankers cleared the reopened Strait of Hormuz — the highest Saudi Gulf crude exports since the Iran war, and a break

July 2, 2026

Business·Economy·Markets·News

US Trade Representative Jamieson Greer speaks on the USMCA non-renewal decision, July 1 2026

US Won’t Renew USMCA, Putting North America Trade on Annual Review

US Trade Representative Jamieson Greer announced the United States will not renew USMCA in its current form, triggering an annual review process that hands Washington perpetual leverage over Canada and Mexico's export-dependent

July 2, 2026

Business·Economy·Government and Politics·News

Saudi Arabia's Tadawul Group headquarters representing the kingdom's bid for a domestic metals derivatives exchange

Saudi Arabia Opens Bids for Metals Exchange as Vision 2030 Mining Push Accelerates

Saudi Arabia's Capital Market Authority formally opened a call for proposals to build a domestic metals derivatives exchange, with a deadline of October 31. The move fills a gap Vision 2030's mining

July 2, 2026

Business·Economy·Markets·News

Qatar's Doha skyline representing UAE-led foreign investment inflows in 2025

UAE Leads Qatar’s $3.4bn FDI Inflows, Outpacing US and UK

The UAE emerged as Qatar's largest foreign investor in 2025, contributing $814 million across 73 projects and pushing total FDI to $3.4 billion, the Invest Qatar annual report showed. The UAE and

July 2, 2026

Business·Economy·News

Cryptocurrency wallet addresses linked to ISIS-K terrorist financing sanctioned by OFAC July 2026

U.S. Treasury Sanctions 134 ISIS-K Crypto Wallets as Tether Freezes Terrorist Funds

OFAC sanctioned 134 ISIS-K cryptocurrency wallet addresses on July 1, 2026, and Tether immediately froze 131 Tron-based accounts. Chainalysis traced $1.4 million in donations since 2023, but three Monero addresses remain technically

July 2, 2026

Business·Crypto·News

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Economy Desk

Disney Cuts Hundreds of Jobs at Pixar and ESPN in Third Layoff Round of 2026

General Motors Beats Q2 Earnings, North America Profits Jump 43 Percent

Carl Icahn Sells Pep Boys to Mavis Discount Tire for $700 Million

Novo Nordisk Files Federal Lawsuit Against Eli Lilly Over GLP-1 Drug Advertising

French Investment in Saudi Arabia Nearly Tripled, With 30 Firms Now Calling Riyadh Home

US Added 57,000 Jobs in June, Less Than Half What Forecasters Expected

European Firms Are Deepening Their China Reliance, Not Walking Away From It

Japan PM Takaichi Signs AI and Defense Pacts in New Delhi as Bilateral Ties Deepen

Saudi Aramco Makes Rare Spot Sales as Gulf Crude Exports Hit Post-War Peak

US Won’t Renew USMCA, Putting North America Trade on Annual Review

Saudi Arabia Opens Bids for Metals Exchange as Vision 2030 Mining Push Accelerates

UAE Leads Qatar’s $3.4bn FDI Inflows, Outpacing US and UK

U.S. Treasury Sanctions 134 ISIS-K Crypto Wallets as Tether Freezes Terrorist Funds

Radical Islam is being appreciated by Indian authorities too

Bangladesh; India’s Biggest Ally or China’s Dragon Nest?

Ahmadis in Bangladesh face fresh threat of persecution

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