latest news in economy
Senate Confirms Kevin Warsh as Federal Reserve Chair Amid Policy Shift Expectations
Washington, Wednesday, 13 May 2026.
The Senate confirmed Kevin Warsh as Federal Reserve chair in a historically partisan vote. The wealthiest chair ever promises central bank restructuring, potentially delaying highly anticipated interest rate cuts.
India More Than Doubles Gold and Silver Import Taxes to Shield the Rupee
New Delhi, Wednesday, 13 May 2026.
India raised gold and silver import taxes to 15 percent to stabilize the rupee, though experts warn this aggressive hike could unintentionally trigger a massive resurgence in illegal smuggling.
Historic 2026 Super El Niño Forecast Signals Major Disruptions for US Economy
Washington D.C., Tuesday, 12 May 2026.
A rapidly developing Super El Niño, potentially the strongest in modern history, threatens US supply chains and agriculture in late 2026, demanding immediate risk management from business leaders.
Nobel Laureate Warns Artificial Intelligence is Accelerating Global Disinformation
Canberra, Tuesday, 12 May 2026.
A Nobel laureate’s May 2026 economic model reveals AI-driven disinformation is a top national security threat, as unregulated digital platforms prioritize profitable sensationalism over factual accuracy.