Economy Desk

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

General Motors Cadillac luxury vehicles at an unveiling or auto show event

GM Reverses Cadillac’s EV-Only Strategy as Gas-Powered Models Return to the Lineup

General Motors is returning gas vehicles to the Cadillac lineup, ending the brand's all-electric positioning as US luxury EV demand falls short of projections. The move follows GM's Q2 results showing 43%

July 22, 2026

by Economy Desk

Warner Bros iconic water tower at Burbank studio lot

Federal Judge Pauses $111 Billion Paramount-Warner Merger Through August 3

A US federal judge issued a temporary restraining order Monday halting the $111 billion Paramount-Warner Bros. merger through August 3, delivering the most serious legal blow to a deal already facing antitrust challenges from 12 state AGs and the Writers

July 22, 2026

by Economy Desk

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

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

Job seekers and employers at a hiring fair in the United States, June 2026

US Economy Added 57,000 Jobs in June as Real Wages Fell for a Third Month

American workers lost purchasing power for a third consecutive month in June as the Bureau of Labor Statistics reported 57,000 new jobs alongside a 3.5% wage gain that still lagged 4.2% inflation.

July 2, 2026

Business·Economy·News

Oil tanker navigates shipping lanes near the Strait of Hormuz during the West Asia conflict that spiked crude prices affecting India's oil firms July 2026

West Asia Crisis Saddled India’s State Oil Firms With ₹74,781 Crore in Fuel Losses

India's oil marketing companies absorbed ₹74,781 crore in fuel losses during the West Asia crisis, minister Hardeep Puri disclosed Thursday. Meanwhile India set a crude import record with Russian oil crossing 50

July 2, 2026

Business·Economy·News

Tankers transiting the Strait of Hormuz near Bandar Abbas Iran as Iranian crude oil exports recover following US sanctions waiver

Iran Has Sold 40 Million Barrels at a 20% Premium Since the MoU. The Clock Runs Out August 21.

Iran exported 40-50 million barrels of crude oil in the first two weeks after the Islamabad MoU, at a 20% premium over blockade-era prices — between $400 million and $750 million in

July 2, 2026

Business·Economy·News

EU Trade Commissioner Maros Sefcovic meets Chinese Commerce Minister Wang Wentao at EU-China trade talks in Brussels June 2026

EU Raises Fresh Trade Barriers on China as €360bn Deficit Fuels Deindustrialisation

Chinese electric vehicles surpassed 10 percent of EU auto sales in May as Brussels activated fresh trade restrictions on China on July 1. With Volkswagen planning 100,000 job cuts, the EU’s €360bn

July 2, 2026

Business·Government and Politics·News

King Abdullah Financial District Riyadh reflecting Saudi Arabia's booming private markets attracting foreign investment

Saudi Arabia’s Private Markets Drew $5.3 Billion From 148 Foreign Investors in 2025

Saudi Arabia's private markets drew $5.3 billion from 148 international investors in 2025, covering nearly 60 percent of all private capital committed to the Kingdom — a fivefold jump in the foreign

July 2, 2026

Business·Economy·News

Google CEO Sundar Pichai at press conference amid EU Android antitrust ruling

EU’s Highest Court Upholds $4.7 Billion Android Fine Against Google

Europe's highest court upheld a €4.1 billion fine against Google for Android antitrust violations Thursday, closing eight years of appeals and confirming one of the largest tech competition penalties in EU history.

July 2, 2026

Business·News

Alibaba Agrees to Pay $600 Million to Settle US Probe Over Illegal Drug Sales

Alibaba agreed to pay $600 million to resolve a DOJ probe covering 80,000 illegal drug sales across its platforms from 2016 to 2024. It is the largest marketplace liability settlement in US

July 2, 2026

Business·News

Long queues at EU Czech border crossing as EES Entry/Exit System creates travel chaos for summer passengers

EU’s Digital Border System Threatens Europe’s $45.4 Billion Summer Tourist Season

Europe's aviation industry sent an emergency letter Thursday demanding the EU suspend its digital border system after five-hour queues stranded passengers and left planes half-full. The WTTC warns 41 million arrivals and

July 2, 2026

Business·Economy·News

Oil tanker in the Persian Gulf region as Hormuz shipping fees fall on Iran peace talk progress July 2026

Brent Crude Falls to Pre-War Levels as Iran Peace Talks Show Positive Progress

Brent fell to $70.82 on Thursday, matching pre-war levels for the first time since February 27, as Qatar confirmed positive progress in US-Iran indirect talks. The market has declared the war over;

July 3, 2026

Business·Economy·News

Indian Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi at Hyderabad House New Delhi during the India-Japan bilateral summit July 2026

Japan and India Seal $12.5 Billion in Investment Deals as Takaichi Visits New Delhi

150 Japanese companies signed memoranda committing $12.5 billion across 120 deals at the Modi-Takaichi summit in New Delhi, the largest single-session commercial investment commitment from Japan to India in recent years. The

July 2, 2026

Business·Economy·News

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Economy Desk

GM Reverses Cadillac’s EV-Only Strategy as Gas-Powered Models Return to the Lineup

Federal Judge Pauses $111 Billion Paramount-Warner Merger Through August 3

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

US Economy Added 57,000 Jobs in June as Real Wages Fell for a Third Month

West Asia Crisis Saddled India’s State Oil Firms With ₹74,781 Crore in Fuel Losses

Iran Has Sold 40 Million Barrels at a 20% Premium Since the MoU. The Clock Runs Out August 21.

EU Raises Fresh Trade Barriers on China as €360bn Deficit Fuels Deindustrialisation

Saudi Arabia’s Private Markets Drew $5.3 Billion From 148 Foreign Investors in 2025

EU’s Highest Court Upholds $4.7 Billion Android Fine Against Google

Alibaba Agrees to Pay $600 Million to Settle US Probe Over Illegal Drug Sales

EU’s Digital Border System Threatens Europe’s $45.4 Billion Summer Tourist Season

Brent Crude Falls to Pre-War Levels as Iran Peace Talks Show Positive Progress

Japan and India Seal $12.5 Billion in Investment Deals as Takaichi Visits New Delhi

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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