economic policy
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winnipegfreepress.comTinubu Marks Third Anniversary with Reform Defense and Price Pledges
President Bola Tinubu addressed Nigerians on the third anniversary of his administration. He defended subsidy and exchange-rate changes while promising lower food and transport costs.
bbc.co.ukStarmer defends policy choices after Blair criticism
The current prime minister said recent growth figures and falling NHS waiting lists vindicate decisions made since taking office. Former prime minister Tony Blair argued in a 5,600-word essay that the government lacks a coherent plan.
news.google.comUK Youth Unemployment Report Issued
A new report states Britain faces the possibility of a lost generation unless ministers address youth unemployment. The document places responsibility on government policy rather than on young people themselves.
hrw.orgLibya Sets First Unified Budget in Thirteen Years
Libya's rival eastern and western authorities agreed on April 11 to a unified national budget for the first time since 2013. The Central Bank of Libya and international partners tied the agreement to dinar stability and transparent spending.
bbc.co.ukGovernment assessment projects £1.6 billion boost to City of London from financial reforms
A government assessment estimates that planned financial reforms will deliver a £1.6 billion economic boost to the City of London. The projection comes as officials continue to position the district as a contributor to national growth.
Economists Comment on Australian Budget Tax Proposals
Five economists discussed the federal budget and opposition reply released two weeks ago. They welcomed several tax measures while calling for broader reform.
Economist Claudia Sahm Questions Kevin Warsh's Views on Federal Reserve Communications
Claudia Sahm, former Federal Reserve economist, expressed concerns about Kevin Warsh's statements during his Senate Banking Committee testimony. She said his comments on forward guidance raised questions about potential changes to Fed communications practices.
Washington ExaminerColumnist Joe Concha Criticizes Ocasio-Cortez Over Billionaire Comments
Washington Examiner columnist Joe Concha said Rep. Alexandria Ocasio-Cortez contradicted her own statements when she flew private to political events. He argued that billionaires create jobs and improve lives through companies such as Amazon.
ecns.cnZimbabwe Bans Foreign Companies and Individuals From Small-Scale Gold Mining
Zimbabwe has prohibited foreign companies and individuals from participating in small-scale gold mining. The policy targets local job protection and domestic economic benefits.
manilatimes.netCentral Bank President Says Lagging Effects Persist After Crisis Resolution
The president of a major central bank stated that economic effects would continue even if current conditions improve immediately. Officials provided no additional details on the nature or timing of the crisis.
New York PostSeattle Mayor Regrets Past Comments on Starbucks Boycott and Wealthy Residents
Seattle's mayor expressed regret for earlier statements supporting a Starbucks boycott and dismissing concerns about high earners leaving the city. The remarks came after the company announced plans to expand its headquarters in Nashville.
ReasonTariffs Added Nearly One Point to U.S. Consumer Prices in 2025
Tariffs imposed in 2025 raised consumer prices and cost American households about $1,000 each, according to multiple economic analyses. The measures also generated lobbying activity and legal challenges after a Supreme Court ruling.
SemaforRepublican Senators Condemn Bolivia Protests, Support President Paz
Republican senators issued a statement backing Bolivian President Rodrigo Paz and urging peaceful demonstrations. The move follows recent protests over economic policy changes.
ai-cio.comIran Conflict Expected to Affect Global Trade and Economies in Multiple Stages
Al Jazeera reported that disruptions from the Iran conflict will extend beyond immediate energy price increases. The effects are projected to reach food prices, manufacturing costs, and political stability in multiple regions over several years.
reason.comMatt Yglesias Responds to Proposal for Libertarian and Abundance Liberal Alliance
Matt Yglesias endorsed an alliance between libertarians and abundance liberals while noting areas of agreement and disagreement. The exchange centers on deregulation, government intervention, and the value of holding views outside the political mainstream.
New York PostJeff Bezos Calls for Zero Federal Income Tax on Bottom Half of Earners
Amazon founder Jeff Bezos said the bottom half of U.S. earners should pay no federal income tax. He argued the change would help struggling families and noted the government does not need the revenue.
prnewswire.comWolfe Research Links Rising Bond Yields to Potential White House Action
Wolfe Research stated that rising U.S. bond yields, rather than stock market declines, represent the main factor that could prompt White House action on the war. The firm noted inflation pressures and identified bond market stress as the primary concern for policymakers.
lamag.comWhite House Issues Statement on World Trade Week
The White House released a statement marking World Trade Week. The message describes current U.S. trade policy and its reported effects on manufacturing and employment.
Fox NewsU.S. President Meets Chinese Officials in Beijing
The U.S. president visited Beijing for talks with Chinese officials. The meeting included American business leaders and covered trade and regional issues.
Illinois Town Reopens Auto Plant After Two-Year Closure
Stellantis announced a $613 million investment to reopen its Belvidere, Illinois assembly plant in October 2025. The plant had been closed since February 2023, eliminating about 1,000 jobs. The facility will produce Jeep Cherokee and Compass models and support 3,300 positions.
Israeli Right-Wing Parties Support Settlement Expansion in West Bank
Right-wing Israeli political groups advocate free-market policies while backing extensive government involvement in West Bank settlement construction. The approach represents a major state project in recent Israeli history.
Washington MonthlyReformers Propose Market Humanism to Guide Economic Outcomes
Nick Hanauer and Eric Beinhocker argue that markets should prioritize human flourishing over efficiency. The two reformers call their approach market humanism and say it can preserve capitalism while producing broader benefits.
thehindu.comArgentina Beef Consumption Falls to 20-Year Low
Annual per capita beef consumption in Argentina dropped to 44.5 kilograms in April 2026. The decline follows higher beef prices and reduced household purchasing power after recent economic measures.
upi.comJerome Powell Resigns as Fed Chair, Serves Pro Tempore Until Kevin Warsh Is Sworn In
Jerome Powell has stepped down after eight years as Federal Reserve Chair. The central bank named him chair pro tempore until Kevin Warsh is sworn in as the new chair, potentially as early as next week. Trump administration nominees had opposed the terms of Powell's temporary rol…
House Speaker Responds to Remark on Iran Conflict Affecting Affordability Agenda
The House speaker addressed a comment linking the Iran conflict to a slowdown in an affordability initiative. The remark described the conflict as having placed a damper on related efforts. The speaker's response was reported by The Hill on May 13, 2026.
foxnews.comConservative Think Tank Fellow Argues New Right Labor Policies Would Harm Workers
Rachel Greszler, a senior research fellow at the Plymouth Institute for Free Enterprise, wrote that interventionist labor policies favored by some on the New Right would reduce employment, mobility and economic growth. She stated that real average earnings in the United States ro…
upi.comPresident Lee Jae-myung to Meet 2025 Nobel Economics Laureate Peter Howitt
President Lee Jae Myung will hold talks Friday morning at Cheong Wa Dae with Peter Howitt, who shared the 2025 Nobel Memorial Prize in Economic Sciences for research on sustained growth through creative destruction. The meeting will include several senior economic and policy offi…
Al JazeeraTens of Thousands March in Argentina Over University Funding Dispute
Huge crowds marched in Buenos Aires and other cities on May 13, 2026, denouncing government refusal to implement a law increasing university budgets and salaries amid high inflation. Public universities have been tuition-free since 1949 and produced five Nobel laureates.
SemaforSouth Korean Official Proposes Taxing AI Chipmaker Profits to Fund Basic Income and Youth Startups
Kim Yong-beom suggested on May 12, 2026 that windfall gains from Samsung and SK Hynix be redirected to basic income programs for rural communities and startup funding for young people. The proposal echoes ideas previously raised by several AI industry leaders. Semafor reported th…
abcnews.go.comTrump Approval Holds at 36% in Latest Economist/YouGov Poll
A new Economist/YouGov poll released Tuesday shows President Donald Trump's approval at 36 percent and disapproval at 58 percent, matching last week's figures and producing a net rating of -22 percent. The survey arrives on the same day as a Bureau of Labor Statistics report show…
dailyexcelsior.comBJP Secures Victory in Indian State Election
The BJP party of Indian Prime Minister Modi has won a state election. The outcome strengthens the party's position as the country faces economic challenges. A podcast discussion examined what the result means for the party's hold on power.
thehindu.comMuseveni Pushes Industrialisation and Skills Reform in Swearing-in Speech
President Yoweri Kaguta Museveni used his swearing-in at Kololo Ceremonial Grounds in Kampala on 12 May 2026 to lay out plans focused on value addition, manufacturing and skills development. He criticised the export of raw materials and pointed to locally produced electric buses…
rte.ieAngela Rayner Positions for Labour Leadership With Appeal to Financial Industry
Angela Rayner has begun efforts to position herself for the Labour leadership by courting London’s financial industry while defending welfare spending and presenting defense policy as a jobs program. The approach combines soft-Left policies with language of fiscal responsibility…
winnipegfreepress.comHungary’s Incoming Finance Minister Promises to Meet Euro Adoption Criteria Within Four Years
Hungary’s incoming finance minister has committed to fulfilling all requirements for adopting the euro within four years. The pledge marks a specific timeline for meeting the necessary economic and legal criteria. @business reported the statement as the country prepares for a gov…
upi.comSouth Korea's Presidential Policy Chief Proposes Tax on AI Profits to Fund Citizen Payments
South Korea's presidential policy chief said the nation should pay citizens a dividend using taxes on AI profits. The statement fueled sharp swings in Korean stocks. Bloomberg published the report with a photo by Krisztian Bocsi.
Substrate placeholder — needs reviewPresidential Policy Chief Proposes Public Dividends From AI Economic Gains
The presidential chief of staff for policy suggested introducing public dividends to share gains from an artificial intelligence-driven economic expansion. The proposal was made as the main stock index approached record levels amid strong profits at major chipmakers. The presiden…
upi.comSouth Korea Announces Plan to Raise Social Security Spending to OECD Advanced-Nation Levels by 2040
Prime Minister Kim Min-seok announced plans to raise social security expenditures during a May 12, 2026 meeting in Seoul. The move aims to address demographic shifts and establish a sustainable welfare system amid national challenges including the Middle East war. South Korea's c…
thehindu.comIMF Reaches Staff-Level Agreement With Honduras on Credit Facility Reviews
The International Monetary Fund has reached a staff-level agreement with Honduras on the fourth and fifth reviews of its extended credit and fund facilities. Board approval is expected in late June 2026, which would release approximately $245 million. The agreement concludes the…
CnbcNational Economic Council Director Says AI Not Costing Jobs Now
National Economic Council Director Kevin Hassett said there is no sign in the data that artificial intelligence is costing anyone their job at present. His comments were made as several technology companies including Amazon, Meta and Oracle have announced job cuts with some citin…
The TimesPéter Magyar Sworn In as Hungary’s Prime Minister
Péter Magyar was sworn in as prime minister on Saturday after his Tisza party won a decisive victory in April elections, ending 16 years of rule by Viktor Orbán. In his first speech, Magyar apologised to those stigmatised under the previous government and pledged to serve rather…
ecns.cnUS Oil Blockade on Cuba Hits Private Sector Businesses
The United States imposed an oil blockade on Cuba in late January 2026. Private businesses in Havana report sharp increases in fuel costs, longer power outages and reduced profitability. The Cuban government has responded with new regulations to expand opportunities for the priva…
The BbcPeter Magyar to Be Sworn in as Hungary's Prime Minister
Peter Magyar will be sworn in as prime minister on Saturday after his Tisza party won 141 seats in parliament in last month's election. The party ended 16 years of rule by Viktor Orban's Fidesz, which fell to 52 seats. The new government faces a large budget deficit, withheld Eur…
BloombergChilean Economic Bill Clears First Congressional Hurdle
A flagship economic bill advanced past its initial vote in congress on Thursday. The measure is a priority for the new administration as it seeks broader legislative backing. Further votes will be required before the bill can become law.
azernews.azSingapore Parliament Passes Motion Declaring AI Transition Must Not Produce Jobless Growth
Singapore’s parliament voted unanimously to affirm that the country will not tolerate jobless growth as artificial intelligence transforms its economy. The motion, reported by CNA, underscores a unified policy stance amid global concerns over technology-driven unemployment. Lawma…
theconversation.comZimbabwe Government Overhauls Mining Licences, Permits and Fees
The government approved changes to mining sector licences, permits and fees on 6 May 2026 after a cabinet meeting in Harare. AllAfrica reported that the measures merge overlapping licences, reduce some fees and introduce a tiered structure favouring small-scale miners. Finance Mi…
Japan TimesReform UK Expands Campaign to Scotland and Wales Amid Rising Support in England
Reform U.K. is expanding its reach into Scotland and Wales, challenging the traditional two-party system. A former Scottish fisherman cited economic concerns in shifting his support to the party. The push reflects pledges on oil, gas and fishing policies amid local frustrations.
koreaherald.comSouth Korean President Lee Jae-myung Reiterates Commitment to Stabilizing Housing Market
President Lee Jae Myung stated that normalizing the real estate market is a key national policy and an inevitable trend. He shared a news article on X forecasting declining house prices and warned against the myth of real estate invincibility. The move aligns with his administrat…
SemaforFormer President Biden Endorses Candidates in Georgia and Massachusetts Primaries
Former President Joe Biden endorsed two candidates in Democratic primaries last week, supporting Keisha Lance Bottoms for Georgia governor and Dan Koh for a Massachusetts House seat. In California, Xavier Becerra is campaigning on his record as Biden's Health and Human Services s…
SemaforMoody's Stops Rating South African Debt
Global credit ratings agency Moody's has withdrawn its license in South Africa, shifting focus to cross-border services while endorsing its subsidiary GCR for local markets. Separately, South Africa's social grant agency reassured recipients that payments will proceed on schedule…
rte.ieUganda's Cabinet to Harmonize Sovereignty Bill Before Tuesday's Parliamentary Readings
Uganda's Cabinet is set to convene on May 4, 2026, to complete harmonization of the Protection of Sovereignty Bill, 2026, following President Yoweri Museveni's guidance. The bill's second and third readings are scheduled for Tuesday in Parliament. The legislation aims to curb ext…
oneindia.comUgandan Figures Debate Protection of Sovereignty Bill Ahead of Parliamentary Readings
Several Ugandan political figures have expressed views on the Protection of Sovereignty Bill, 2026, with some calling it unnecessary and others defending its purpose. The bill includes provisions for oversight of foreign funding and digital platforms, drawing concerns about econo…
foxbusiness.comFed Chair Plans to Continue as Governor After Term Ends on May 15
The Fed chair stated plans to remain as a governor for an undetermined period after the chair term concludes. The announcement was made during a recent press conference. The chair intends to maintain a low profile in the ongoing role.
Fox NewsTrump Speaks at Florida Retirement Community
President Donald Trump encountered audio issues during a speech at The Villages Charter School in Florida, turning the problem into a humorous riff. He discussed immigration, inflation, economic development, taxes and Social Security while joking about security concerns. The even…
RapplerPhilippine Officials Discuss Aid Programs and Election Survey at Forum
Presidential Communications Undersecretary Claire Castro briefed a forum on government social programs amid economic challenges. OCTA Research's Dr. Guido David presented survey results showing shifts in 2028 presidential preferences. Attendees raised concerns about program effic…
Executive Order Launches Federal Platform for Retirement Savings Access
President Trump issued an executive order on April 30, 2026, directing the creation of TrumpIRA.gov to offer low-cost, portable retirement accounts. The platform targets workers without employer-sponsored plans, including independent contractors and small business employees. It b…
dailywire.com (News photo)White House Highlights U.S. Economic Growth in Housing and Recovery Metrics
The White House released a statement on recent economic indicators showing growth in the U.S. economy, with emphasis on improved housing supply and affordability. These developments are said to benefit families and businesses, impacting an estimated 126 million households based o…
Substrate placeholder — needs reviewSouth Korean President Warns of Potential Harm from Excessive Union Demands
South Korean President Lee Jae Myung stated that excessive demands by labor unions could harm unions and other workers. He made the remarks amid a threatened strike by a union at Samsung Electronics Co. following the company's reported profit surge. Lee also addressed the need fo…
france24.comSouth Korean Banking Groups Announce 1 Trillion Won Support for Startups
Five banking groups in South Korea, including Hana Financial Group, will provide 1 trillion won in financial support for startups. The initiative aims to boost productive finance and invigorate the venture industry. The Financial Services Commission reported the details of the pl…
France 24Powell to Remain on Federal Reserve Board After Chair Term; Rates Unchanged
Federal Reserve Chair Jerome Powell announced he will stay on as a governor after his term ends on May 15, 2026, emphasizing central bank independence. President Trump criticized the decision, calling it a sign Powell cannot find other work. The Fed held interest rates steady wit…
The Boston GlobeTrump Nominates Radiologist Nicole Saphier as Surgeon General, Announces 25% Tariffs on EU Vehicles
President Trump selected Dr. Nicole Saphier as his new nominee for U.S. surgeon general after withdrawing Dr. Casey Means. He announced a tariff increase on European Union cars and trucks to 25% for alleged non-compliance with a trade deal. Trump expressed dissatisfaction with Ir…