latest news in economy

International Monetary Fund Rejects Top Economist Candidate Over Past Criticism of Trade Tariffs

International Monetary Fund Rejects Top Economist Candidate Over Past Criticism of Trade Tariffs

Washington, D.C., Friday, 11 September 2026.
The IMF abruptly canceled economist Ricardo Reis’s appointment following his criticism of U.S. trade tariffs, highlighting Washington’s heavy political influence over the global institution’s leadership.

Artificial Intelligence Surge Drives Unexpected Growth in the UK Economy

Artificial Intelligence Surge Drives Unexpected Growth in the UK Economy

London, Friday, 11 September 2026.
The UK economy unexpectedly grew by 0.4% in July 2026, driven by artificial intelligence expansion. However, contracting consumer sectors and inflation pressure could trigger interest rate increases.

International Monetary Fund Endorses India's Upgraded Economic Calculation Framework

International Monetary Fund Endorses India's Upgraded Economic Calculation Framework

New Delhi, Friday, 11 September 2026.
The International Monetary Fund has endorsed India’s modernized economic calculation framework, validating its recent 7.8% quarterly growth rate despite domestic debates surrounding data revisions.

Gulf Private Equity Summit Launches in Dubai Following Record Dealmaking

Gulf Private Equity Summit Launches in Dubai Following Record Dealmaking

Dubai, Friday, 11 September 2026.
Private equity leaders assemble in Dubai on September 15 following a record $106 billion in regional mergers and acquisitions, highlighting the Middle East’s growing leverage in private global markets.

US Income Data Points to Rising Real Wages Amid Softer Labor Growth

US Income Data Points to Rising Real Wages Amid Softer Labor Growth

Washington, Friday, 11 September 2026.
Upcoming U.S. Census Bureau data shows private-sector real hourly wages grew 1.5% in 2025, even as overall job growth slowed significantly.

Anson Resources Wins $212 Million Utah Tax Incentive for Major Lithium Project

Anson Resources Wins $212 Million Utah Tax Incentive for Major Lithium Project

Salt Lake City, Friday, 11 September 2026.
Utah approved a $212 million tax credit for Anson Resources’ Green River Lithium Project, bringing its total state support package above $406 million without diluting shareholder equity.

Why Global Stocks Look Surprisingly Cheap Despite Reaching Record Highs

Why Global Stocks Look Surprisingly Cheap Despite Reaching Record Highs

New York, Friday, 11 September 2026.
In September 2026, strong corporate profits are keeping stock valuation ratios unexpectedly low despite near-record market highs, creating a rare investment paradox driven heavily by tech sector gains.

Federal Reserve Approves NatWest Representative Office in Connecticut

Federal Reserve Approves NatWest Representative Office in Connecticut

Washington, Thursday, 10 September 2026.
On August 20, 2026, the Federal Reserve approved London-based National Westminster Bank’s application to establish a representative office in Stamford, Connecticut, expanding its U.S. institutional presence.

New York Gains Millionaires Despite Higher Taxes on the Wealthy

New York Gains Millionaires Despite Higher Taxes on the Wealthy

New York, Thursday, 10 September 2026.
Recent tax data shows New York added 2,000 millionaire residents after raising taxes on top earners, challenging long-held assumptions that high tax rates drive wealthy individuals away.

Rising Borrowing Costs Push US Mortgage Rates Past Seven Percent

Rising Borrowing Costs Push US Mortgage Rates Past Seven Percent

Washington, Thursday, 10 September 2026.
Driven by surging oil prices and geopolitical tensions, 30-year fixed mortgage rates crossed 7% today, deepening severe affordability challenges and driving existing US home sales down further.