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Do the GDP overestimation claims of India's former CEA stand up to statistical scrutiny? Look closely
1+ hour, 34+ min ago (889+ words) In 2019, Arvind Subramanian, India's former chief economic advisor, argued in a Harvard working paper that Indian GDP had been overestimated by 2. 5 percentage points a year from 2011-12 to 2016-17. His central exhibit was a chart of 17 economic indicators, 11 of which had turned…...
Indonesia's Lower Unemployment Rate Masks a Weak Job Market
1+ hour, 1+ min ago (994+ words) May 7, 2026 | 04: 04 pm TEMPO. CO, Jakarta -Yusuf Rendy from the Center of Reform on Economics (CORE) said Indonesia's declining open unemployment rate (TPT) to 4. 68 percent does not necessarily reflect an improvement in the labor market. Instead, he described it as a…...
Gold Price Forecast: U. S. -Iran Tensions Ease, Nonfarm Payrolls Looming, What's Next for Gold?
1+ hour, 11+ min ago (378+ words) Trading Key - Gold prices ( XAUUSD) After retesting the $4, 500 level this Monday, gold prices staged a strong rebound of more than $200 during the Tuesday and Wednesday sessions, reclaiming the $4, 700 mark. As of press time, gold prices maintain their upward momentum today…...
FX firmer on Iran peace proposal, as traders eye Czech rates
36+ min ago (40+ words) Published on 05/07/2026 at 05: 28 am EDT May 07, 2026 at 02: 02 am EDT U. S. Futures Rise, European Stocks Up MSCI Emerging Markets: A New Growth Engine Takes Over Russell 2000: Small Caps, Big Impact...
UK builders hit by biggest surge in cost inflation in nearly four years
1+ hour, 29+ min ago (414+ words) LONDON, May 7 (Reuters) " British builders saw one of the biggest month-on-month jumps in cost inflation on record in April, according to a survey on Thursday that also showed the Iran war increased delivery delays "and other supply chain difficulties. The…...
Dreamus CEO Pushes Fandom Business to Diversify Revenue Beyond Streaming
1+ hour, 8+ min ago (192+ words) " Lee Ki-young, CEO of Dreamus Company, Operator of FLO Combining Existing Platform with Fandom Business Building Integrated Model Linking Concerts and Merchandise Aiming to Contribute to Artist Growth "Music streaming currently accounts for only about one-third of our total revenue....
Geopolitics has caused the Dollar to retreat
1+ day, 1+ min ago (472+ words) The US Dollar has lost ground following statements from the White House regarding the conclusion of the two-month "Operation Epic Fury" and progress in negotiations with Iran. Investors are interpreting this as a de-escalation in the Middle East and are…...
Call for action on cost of living crisis as 'it is not over"
1+ hour, 5+ min ago (455+ words) CUMBERLAND Council will be asked to help support residents through the current cost-of-living crisis next week. Members of the council are due to meet at The Civic Centre in Carlisle on Tuesday (May 12) where Cllr Tim Pickstone (Longtown, Lib Dems)…...
Economy slows amid corruption, oil shock
1+ hour, 9+ min ago (538+ words) Philippine economic growth slowed further at the start of 2026, extending last year's second-half slump as the Marcos Jr. administration continues to grapple with domestic corruption issues and the global energy crisis. Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio…...
MCCI president calls for fiscal modernisation to raise tax-GDP ratio
3+ hour, 32+ min ago (231+ words) Bangladesh must urgently modernise its fiscal infrastructure to address its critically low tax-to-GDP ratio, Kamran T. Rahman, President of the Metropolitan Chamber of Commerce and Industry (MCCI), said today. He made the remarks while speaking as a panellist at the ongoing ICAB-FE…...