Economy

Auto-rickshaw on a New Delhi street as India raises fuel prices amid Iran war energy crisis

India Prepares to Miss Its Fiscal Deficit Target for the First Time Since the Pandemic

India is prepared to let its fiscal deficit widen to 4.8 percent of GDP, half a percentage point above the target set in February, as the Iran war drives up energy costs.

June 13, 2026

by News Room

IMF headquarters building Washington DC Ukraine lending program

IMF Approves $690M for Ukraine Despite Missed Q1 Reform Benchmark

The IMF approved a $690 million tranche for Ukraine on Friday despite the country missing one structural benchmark and delaying two others from the first quarter of 2026, a disclosure that tests the Fund's tolerance for slippage in a wartime

June 13, 2026

by Economy Desk

Delegates walk through the atrium at the IMF and World Bank Spring Meetings in Washington DC, April 14, 2026

IMF Cuts Ukraine GDP Forecast to 1–1.6% as Two Wars Erode What Recovery Was Left

The IMF has slashed its Ukraine growth forecast to 1.0–1.6%, a sharp reversal from its own

Corpus Christi reservoir drought conditions amid Bitcoin mine water controversy 2026

Texas Bitcoin Mine Drained 11 Million Gallons as Corpus Christi Ran Dry. Now the City Is Hiding the Evidence.

CORPUS CHRISTI, Texas. The city’s wells are running dry. Its two main reservoirs sit at critically

SpaceX Nasdaq IPO opening bell ceremony on June 12, 2026 — Gwynne Shotwell rings the bell at the Nasdaq MarketSite in New York City

SpaceX Goes Public at $1.77 Trillion, Catapulting Elon Musk Into History as the World’s First Trillionaire

NEW YORK – On a Friday morning in June, at the Nasdaq MarketSite in the heart of Times Square, Gwynne Shotwell rang the opening bell to a crowd of audible cheers. A

June 12, 2026

Artificial Intelligence·Business·Economy·Science·Technology

European Central Bank President Christine Lagarde at a press conference in Frankfurt

The ECB Raises Rates Into a Shrinking Economy, Because Washington’s War Sends Frankfurt the Bill

The European Central Bank raised rates for the first time in three years, lifting the deposit rate to 2.25 percent to fight inflation driven by the US-Iran war. It did so while

June 12, 2026

Business·Economy·News

Mi Clip digital wallet launched in Mexico by Clip, Ant International, Mastercard and TelevisaUnivision in June 2026

Mexico Bet Everything on Cash. Ant International, Mastercard and Clip Just Called Its Bluff.

Mexico's Clip has launched Mi Clip, a digital wallet backed by Ant International's Alipay infrastructure, Mastercard's payment rails, and TelevisaUnivision's media reach — a coalition targeting the 85% of small transactions still

June 11, 2026

Business·Economy·News·Technology

Oil tankers and cargo ships anchored in the Strait of Hormuz near Khor Fakkan, United Arab Emirates

Trump Reveals Secret US Military Escort of 100 Million Barrels Through Hormuz — Contradicting His Own Energy Secretary

President Trump disclosed Wednesday that he secretly ordered the U.S. military last month to escort more than 200 commercial vessels through the Strait of Hormuz, moving over 100 million barrels of oil

June 11, 2026

Business·Conflicts, Military and War·Economy·News

Rendering of the proposed Hard Rock Hotel and Casino in Kenosha County Wisconsin near Somers and Pleasant Prairie

Hard Rock Casino Plan for Somers, Wisconsin Advances as Federal Review Nears Final Decision

The Menominee Indian Tribe's $400 million Hard Rock casino and hotel complex near Somers and Pleasant Prairie has cleared a federal environmental review, but the project now faces a more crowded gaming

June 10, 2026

Business·Economy·News

Casino workers at a union meeting in Atlantic City representing Unite Here Local 54

Atlantic City Casino Workers Win One-Year Deals as New York Looms Over Labor Talks

Atlantic City's casino workers union reached one-year deals with six of nine casinos — a break from the four-year standard that signals deep uncertainty about the city's future as New York expands

June 10, 2026

Business·Economy·News

Currency dealers monitor screens showing KOSPI index as Asian markets fall amid Iran war and SoftBank loan collapse

SoftBank’s OpenAI Loan Collapse and Iran Strikes Send Asia Markets Into a Four-Front Retreat

SoftBank tumbled 10% after its $6 billion OpenAI margin loan talks collapsed, while Japan's PPI surged 6.3%, South Korea's KOSPI shed another 4.5%, and China's CPI-PPI divergence deepened — four simultaneous cracks

June 10, 2026

Business·Economy·News

Stacked shipping containers and cranes at Yangshan deep-water port in Shanghai, China

China Finally Got Inflation, and It Is the Kind Nobody Wanted

China's factory-gate prices rose 3.9 percent in May, the fastest in nearly four years, as the Iran war and the AI boom drove up energy and materials costs. Consumer inflation stalled at

June 10, 2026

Business·Economy·News

The Reserve Bank of India headquarters in Mumbai, the central bank defending the rupee as the Iran war pressures India's economy

RBI defends rupee as Iran war cuts India growth forecast in celebration week

The Reserve Bank reportedly stepped into the market for the rupee in the same week it cut India's growth forecast to 6.6 percent and raised the inflation outlook to 5.1, as the

June 10, 2026

Business·Economy·News

LNG carriers at anchor off Singapore, the kind of vessels that will move Malaysian gas to Japan under the new Petronas-JERA deal

Japan Locks In Malaysian Gas to 2048 While Missiles Fly Over Hormuz

Petronas and Japan's JERA signed a 20-year LNG supply deal running to 2048, up to 2 million tonnes a year from 2028, extending a partnership that began in 1983. The timing is

June 10, 2026

Business·Economy·News

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Economy

India Prepares to Miss Its Fiscal Deficit Target for the First Time Since the Pandemic

IMF Approves $690M for Ukraine Despite Missed Q1 Reform Benchmark

IMF Cuts Ukraine GDP Forecast to 1–1.6% as Two Wars Erode What Recovery Was Left

Texas Bitcoin Mine Drained 11 Million Gallons as Corpus Christi Ran Dry. Now the City Is Hiding the Evidence.

SpaceX Goes Public at $1.77 Trillion, Catapulting Elon Musk Into History as the World’s First Trillionaire

The ECB Raises Rates Into a Shrinking Economy, Because Washington’s War Sends Frankfurt the Bill

Mexico Bet Everything on Cash. Ant International, Mastercard and Clip Just Called Its Bluff.

Trump Reveals Secret US Military Escort of 100 Million Barrels Through Hormuz — Contradicting His Own Energy Secretary

Hard Rock Casino Plan for Somers, Wisconsin Advances as Federal Review Nears Final Decision

Atlantic City Casino Workers Win One-Year Deals as New York Looms Over Labor Talks

SoftBank’s OpenAI Loan Collapse and Iran Strikes Send Asia Markets Into a Four-Front Retreat

China Finally Got Inflation, and It Is the Kind Nobody Wanted

RBI defends rupee as Iran war cuts India growth forecast in celebration week

Japan Locks In Malaysian Gas to 2048 While Missiles Fly Over Hormuz

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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