Economy- Page 15

Volkswagen workers on the production line at a German factory facing mass layoffs

Volkswagen Board Weighs 100,000 Layoffs in Germany’s Largest Industrial Contraction

Volkswagen's board met Thursday to vote on 100,000 job cuts and four German plant closures, the largest contraction in postwar German history. IG Metall and works council jointly called it an attack

July 10, 2026

by Economy Desk

Gas station pump prices reflecting surging energy costs from the Iran war 2026 oil inventory crisis

US Gasoline Prices Snap 50-Day Slide as Iran Escalation Rattles Energy Markets

The national average price of regular gasoline rose to $3.84 per gallon on Thursday, its first increase in nearly 50 days, after the collapse of the US-Iran ceasefire sent crude oil surging and renewed fears of prolonged disruptions in the

July 9, 2026

by Economy Desk

Best savings account checklist: 10 factors to evaluate in 2026

Introduction Selecting the best savings account involves more than simply opening the first account that appears

Blocked Rosneft petrol station in Saint Petersburg Russia diesel ban July 2026 after Ukraine drone strikes on refineries

Russia Bans Diesel Exports as Ukraine Drones Strike 21 Vessels, Halt Omsk Refinery

Ukraine's Unmanned Systems Forces struck 21 vessels in the Sea of Azov and shut down the

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

A credit card payment terminal, the point where merchants pay the interchange fees at the center of the 38 billion dollar settlement

Visa and Mastercard’s $38 Billion Swipe Fee Truce Clears Its First Judge After 21 Years

Judge Brian Cogan gave preliminary approval to the $38 billion Visa-Mastercard swipe fee settlement, two years after a smaller version was rejected and 21 years after merchants first sued. Walmart and major

June 10, 2026

Business·Economy·News

The Sydney Harbour Bridge in Sydney, capital of New South Wales, whose economy a new report finds is already 18 percent smaller from climate change

Climate Change Already Costs NSW Workers A$20,000 a Year, Landmark Report Finds

New South Wales has put a number on climate damage already done: incomes about 18 percent lower than a world without warming, roughly A$20,000 per person each year. The driver is not

June 10, 2026

Climate·Economy·News

Botswana's diamond slowdown is triggering widespread job losses across mining communities

Botswana Built Its Fortune on Diamonds. Now the Mines Are Cutting Workers Loose.

Botswana built one of Africa's success stories on diamonds. Now, with prices crushed by lab-grown stones and weak demand, its mines are shedding workers, and a country that drew a third of

June 10, 2026

Business·Economy·News

An industrial nickel processing facility in Indonesia

Indonesia Seizes Control of Its Commodity Exports as Buyers Scramble

Indonesia is forcing exports of its coal, palm oil and nickel through a single new state entity and slashing nickel quotas, a resource-nationalism push that hands Jakarta leverage over the US, China

June 10, 2026

Business·Economy·News

Shipping containers stacked at Qingdao port in China

China’s Exports Surge 19% as Trump’s Tariff War Backfires

China's exports surged 19.4 percent in May to a record, and shipments to the United States soared 35 percent despite Washington's tariffs. With imports climbing and the surplus widening past 105 billion

June 10, 2026

Business·Economy·News

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Economy- Page 15

Volkswagen Board Weighs 100,000 Layoffs in Germany’s Largest Industrial Contraction

US Gasoline Prices Snap 50-Day Slide as Iran Escalation Rattles Energy Markets

Best savings account checklist: 10 factors to evaluate in 2026

Russia Bans Diesel Exports as Ukraine Drones Strike 21 Vessels, Halt Omsk Refinery

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

Visa and Mastercard’s $38 Billion Swipe Fee Truce Clears Its First Judge After 21 Years

Climate Change Already Costs NSW Workers A$20,000 a Year, Landmark Report Finds

Botswana Built Its Fortune on Diamonds. Now the Mines Are Cutting Workers Loose.

Indonesia Seizes Control of Its Commodity Exports as Buyers Scramble

China’s Exports Surge 19% as Trump’s Tariff War Backfires

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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Economy- Page 15

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