Economy Desk

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

South Korean stock market screens showing KOSPI decline as retail investors face margin calls and forced liquidations

‘I Couldn’t Breathe’: South Korea’s Retail Investors Pay the Price of Leverage

Over 1.2 million South Korean margin accounts hit call thresholds in July as the KOSPI's violent swings exposed a leveraged retail market. Some 360,000 accounts were liquidated; regulators banned new single-stock leveraged

July 20, 2026

by Economy Desk

Samsung Biologics BioCampus manufacturing facility in South Korea

Samsung Biologics to Buy PolyPeptide for $1.8B in South Korea’s Biggest Biotech Deal

Samsung Biologics made a $1.8 billion all-cash offer for Swiss peptide drug maker PolyPeptide, entering the GLP-1 manufacturing market in South Korea's largest biotech deal. PolyPeptide's board and majority shareholder both backed the offer.

July 20, 2026

by Economy Desk

Oil tankers in the Gulf as Brent crude crosses $90 amid US-Iran war escalation

Brent Crude Crosses $90 and US Gas Returns to $4 as US-Iran War Enters Ninth Night

Brent crude topped $90.32 on Monday as US forces completed a ninth night of Iran strikes,

IBM CEO Arvind Krishna at event in 2026 as IBM stock crashes 25 percent on worst day in company history

IBM’s 25% Crash Exposes What AI Hardware Spending Is Doing to Enterprise Software

IBM fell 25% on July 14 in the worst single-day collapse in 115 years, after CEO

Virat Kohli, the only player to have represented Royal Challengers Bengaluru since its founding, now under new ownership after a Rs 16,660 crore sale

Diageo Waited 18 Years for RCB to Win Once. Then It Sold for 35 Times What It Paid.

India's Competition Commission cleared United Spirits' sale of Royal Challengers Bengaluru to an Aditya Birla-led consortium for Rs 16,660 crore, a 35-fold return on the 2008 purchase price. The deal closed 13

July 6, 2026

Business·News

The Pentagon, headquarters of the US Department of Defense, which awarded AeroVironment a $500 million counter-drone contract

The Pentagon Just Handed a Drone Maker $500 Million to Fix a Problem Iran Exposed

AeroVironment won a $500 million Army contract for counter-drone systems days after Q4 earnings that beat estimates by 133%. The deal follows a gap the Iran war exposed: million-dollar interceptors chasing drones

July 6, 2026

Business·Government and Politics·News

Micron Chairman and CEO Sanjay Mehrotra, who attended the Hiroshima fab groundbreaking

Micron Just Bet $9.3 Billion That It Can Catch SK Hynix

Micron broke ground on a $9.3 billion Hiroshima fab built entirely for AI memory chips, with Tokyo covering a third of the bill. The wager: that by 2028, it can take real

July 9, 2026

Business·News·Technology

The US Supreme Court building, which struck down Trump's IEEPA tariffs in Learning Resources Inc v Trump

India’s Tariff Rate Just Dropped to 10%. The Supreme Court Did What Goyal Couldn’t.

The White House confirmed Indian goods will face a temporary 10% tariff, down from 18%, after the Supreme Court struck down Trump's IEEPA-based duties and forced a pivot to a 150-day Section

July 5, 2026

Business·Economy·News

IBEW Local 614 members strike outside PECO headquarters in Philadelphia July 2026

PECO Never Had a Strike in 145 Years. Then Its Linemen Walked Out Into a Heat Wave.

PECO's 1,600 unionized linemen and technicians walked out at midnight Saturday, the first strike in the utility's 145-year history, arriving just as a Fourth of July heat wave pushed the Philadelphia region's

July 5, 2026

Business·News

Iraq Basra Oil Company pipeline deal with Chevron and Qatar UCC approved by cabinet 2026

Iraq Approves Basra Oil Company Deal With Chevron and Qatar’s UCC on Strategic Pipeline Projects

Iraq's cabinet approved a deal between state-owned Basra Oil Company and a consortium of Chevron and Qatar's United Company for Commerce to develop strategic pipeline routes. The project aims to restore crude

July 5, 2026

Business·Economy·News

PM Narendra Modi inaugurates the new terminal building at Jodhpur airport and launches the Modified UDAN Scheme on July 4 2026

Modi Launched India’s New Flight Subsidy Scheme at an Airport Built for Planes That May Never Come

PM Modi launched the Modified UDAN Scheme at Jodhpur airport's new terminal on July 4, a ten-year, Rs 29,000 crore bet on regional aviation after a CAG audit found 327 of the

July 5, 2026

Business·News

Maersk's first India-manufactured EXIM shipping container unveiled at ICD Dadri

Maersk Is Building Small Ships in India. It’s Watching to See If It Should Build Big Ones.

Maersk has ordered 1,000 India-built containers and opened talks with Cochin Shipyard and L&T Shipbuilding for tugs and feeder vessels — a cautious first bet ahead of the bigger ships the company

July 5, 2026

Business·News

Photo of Piyush Goyal, India's Union Minister of Commerce and Industry

Washington Wants to Fine India 12.5% Over Forced Labor. Goyal’s Answer: Let Them.

The USTR wants to add a 12.5% tariff on Indian goods over unproven forced-labor allegations, with public comments closing July 6. Commerce Minister Piyush Goyal isn't fighting it — he's calling it

July 5, 2026

Business·Economy·News

Indian PM Narendra Modi meets UK PM Keir Starmer for a bilateral meeting tied to the India-UK CETA trade agreement

India’s Finance Ministry Sets the Rules That Will Make Its Exports Duty-Free in Britain From July 15

India's CBIC notified the Customs Tariff rules of origin for the India-UK CETA on July 4, clearing the final administrative step before the trade agreement takes force July 15 and makes 99%

July 5, 2026

Business·Economy·News

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Economy Desk

‘I Couldn’t Breathe’: South Korea’s Retail Investors Pay the Price of Leverage

Samsung Biologics to Buy PolyPeptide for $1.8B in South Korea’s Biggest Biotech Deal

Brent Crude Crosses $90 and US Gas Returns to $4 as US-Iran War Enters Ninth Night

IBM’s 25% Crash Exposes What AI Hardware Spending Is Doing to Enterprise Software

Diageo Waited 18 Years for RCB to Win Once. Then It Sold for 35 Times What It Paid.

The Pentagon Just Handed a Drone Maker $500 Million to Fix a Problem Iran Exposed

Micron Just Bet $9.3 Billion That It Can Catch SK Hynix

India’s Tariff Rate Just Dropped to 10%. The Supreme Court Did What Goyal Couldn’t.

PECO Never Had a Strike in 145 Years. Then Its Linemen Walked Out Into a Heat Wave.

Iraq Approves Basra Oil Company Deal With Chevron and Qatar’s UCC on Strategic Pipeline Projects

Modi Launched India’s New Flight Subsidy Scheme at an Airport Built for Planes That May Never Come

Maersk Is Building Small Ships in India. It’s Watching to See If It Should Build Big Ones.

Washington Wants to Fine India 12.5% Over Forced Labor. Goyal’s Answer: Let Them.

India’s Finance Ministry Sets the Rules That Will Make Its Exports Duty-Free in Britain From July 15

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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