LA's Fashion District Slump: Olympics as Lifeline?
Los Angeles's fashion district, the largest US apparel hub, struggles with plummeting sales and ICE raids. Leaders hope the 2028 Olympics will bring a much-needed economic boost.
Category : Economy GDP
Australian Billionaires Gain $25.7bn Amid Poverty Crisis
Oxfam Australia analysis reveals 178 billionaires increased wealth by $25.67bn in one year, while 3.7 million Australians live in poverty, highlighting stark inequality.
Councils Can Boost Solar Power and Cut Living Costs
Local governments can help with cost of living by supporting rooftop solar, coordinating installations, and simplifying permits, says councillor Lucy Shaw.
Ella Baron Cartoon: UK Youth Unemployment Crisis
A sharp cartoon by Ella Baron highlights the alarming UK youth unemployment crisis, drawing attention to systemic failures and the urgent need for policy intervention.
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Brexit's Cautionary Tale: No Easy Fixes
Alan Milburn's critique of easy solutions echoes Brexit's failure. Ten years on, the UK economy suffers from the populist silver bullet that was never simple.
Young Americans Struggle Financially as Economy Worsens
Over 80% of young adults rate the economy as bad or terrible, facing high costs and a tough job market that delays financial independence.
How to Fix Retirement Savings: Boost Income or Cut Costs
Many Americans fear they're not saving enough for retirement. Gene Marks suggests two solutions: increase income or reduce expenses, emphasizing personal choices over external factors.
Perth Storms Leave Thousands Without Power
Intense storms with gusts up to 125km/h hit Perth, leaving thousands without power. Residents urged to stay indoors as worst weather expected.
Botswana Drug Shortages Worsen Amid Diamond Crash
Botswana's diamond-driven economy falters, causing drug shortages and unemployment. Patients like Boitumelo Mosege struggle to afford medication as public healthcare fails.
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Iranians Endure Economic Hardship and Repression Amid War
Iranians face economic devastation and heightened repression after US-Israel war, with fragile ceasefire leaving many in despair over the future.
Gluten-Free Bread Price Surges, Nearing £4 a Loaf
Rising inflation and shrinking supermarket ranges are making gluten-free staples unaffordable for people with coeliac disease, with a small branded loaf now costing nearly £4.
Britain's Unequal Heatwave: AC in Canary Wharf, Furnace Homes Elsewhere
While bankers in air-conditioned Canary Wharf enjoy the heatwave, poorer areas face health risks in furnace-like homes without cooling.
Inflation Won Trump the Presidency, But Could Cost Him Midterms
Donald Trump's inflationary policies, including tariffs and the Iran war, may backfire in the midterms as rising prices erode voter support.
Video Game Hardware Crisis: Streaming as Only Future
A reader argues that rising hardware costs make consoles unaffordable, pushing the industry toward game streaming despite its drawbacks.
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Oil Price Falls on US-Iran Peace Deal Hopes
Oil prices dropped sharply as markets react to potential peace deal between US and Iran, easing supply concerns.
Financial Literacy Must Be Core, Not More Maths
Simon Jenkins argues that financial literacy should be a compulsory part of education, not just more maths. He calls for life skills like health, community, and money management.
UK Youth Jobs Crisis: Lessons from the Netherlands
With over 1 million young Britons not in education or work, experts point to Netherlands' low Neet rate and its three-pillar approach: vocational education, welfare support, and employer incentives.
Labor in Trouble Over Tax: Back-to-Back Barries
Analysis of Labor's tax policy challenges following consecutive by-election losses in New South Wales, with experts weighing in on voter sentiment and political implications.
Mount Rainier Could Devastate Three Towns Without Warning
Mount Rainier, America's deadliest volcano, could unleash a lahar that devastates Orting, Puyallup, and Sumner within minutes, threatening 60,000 people.
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Deloitte Cuts UK Partner Promotions by Over 20%
Deloitte has reduced the number of new UK partner promotions by more than 20% amid a challenging economic environment for professional services firms.
Inflation Rises in April Amid Iran War and Price Hikes
UK inflation increased to 3.5% in April, driven by rising energy and food costs linked to the Iran conflict and global supply chain disruptions.
EU to Discuss Limits on Chinese Imports
The European Union is set to debate potential restrictions on Chinese imports as concerns grow over economic overreliance and strategic vulnerabilities.
Energy Shocks: Labour Must Plan for Winter
The Guardian argues that with energy shocks looming, Labour must develop a comprehensive plan to protect households and businesses from another winter crisis.
Young People Struggle to Find Work, Milburn Report
A new report by Alan Milburn reveals that young people in the UK face significant barriers to employment, urging government action to address the crisis.
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Budget Changes Hit Young Investors, But Housing Supply Key
Young Australians face tax changes on investments, but housing supply issues persist. The budget aims for intergenerational equity, but critics say reforms may not go far enough.
Jamaica Debates Oil Drilling Amid Climate Pledges
Jamaica considers oil drilling after hydrocarbon discovery, balancing energy security and economic development with environmental commitments and climate crisis impacts.
Irish Households Face Hidden Datacentre Tax, Report Says
A report claims datacentres in Ireland used 22% of electricity, costing households €360 each since 2015. Industry disputes findings, citing economic benefits.
How Industrial Farming Killed Flavor in American Food
Industrial farming has stripped flavor from American food, but a brigade of chefs, breeders, and farmers is fighting to restore it through heirloom varieties and sustainable practices.
Binzhou's 15th Five-Year Plan Blueprint Unveiled
Binzhou city has released its 15th Five-Year Plan, focusing on economic growth, environmental sustainability, and social development for 2026-2030.
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Treasury: 90% of Young Australians Benefit from Labor Tax Reforms
Treasury modelling shows 90% of young Australians benefit from Labor's tax reforms, including a $1,000 deduction and $250 offset, while top earners face higher taxes.
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