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Economy

Recent stories and official-source coverage filed under Economy.

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Economy

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UNDP Report Highlights Deepening Poverty and Overlapping Crises in Myanmar

October 9, 2026 • 1 hour ago
Source: UN NewsPlaces named: Myanmar

Years of conflict, displacement, economic disruption, and climate shocks have caused a widespread collapse of basic services and livelihoods in Myanmar, leaving over 37 million people living in or at risk of multidimensional poverty, according to a report released Thursday by the UN Development Programme (UNDP). The assessment, titled Layers of Deprivation: Multidimensional Poverty in […]

GEMs Consortium Releases New Credit Risk and Return Statistics for Emerging Markets

October 8, 2026 • 10 hours ago
Source: Asian Infrastructure Investment Bank (AIIB)

The Global Emerging Markets Risk Database (GEMs) Consortium has released three new publications containing updated credit risk and performance statistics to assist investors, credit rating agencies, regulators, and policymakers in evaluating emerging markets and developing economies (EMDEs). The released statistics compile pooled data from multilateral development banks (MDBs) and development finance institutions (DFIs). The data […]

Federal Reserve Releases Minutes From September 2026 FOMC Meeting

October 8, 2026 • 12 hours ago
Source: Federalreserve

The Federal Reserve on Wednesday, October 7, 2026, released the minutes of the Federal Open Market Committee (FOMC) meeting held on September 15–16, 2026. According to the Federal Reserve, the minutes of regularly scheduled committee meetings are typically made public three weeks following the policy decision. The central bank noted that the descriptions of economic […]

Bank of England Selects Four Native Animals for Upcoming Banknote Series

October 8, 2026 • 12 hours ago
Source: Bank of England

The Bank of England has announced that the Atlantic puffin, barn owl, buff-tailed bumblebee, and European hedgehog will serve as the central images on its next series of banknotes. The selection follows a public consultation that drew nearly 500,000 responses to choose native wildlife representing the UK. The decision allocated one animal for each of […]

Fair Work Ombudsman Finds High Compliance Levels in Black Coal Mining Sector

October 8, 2026 • 18 hours ago
Source: Fair Work Ombudsman

The Fair Work Ombudsman (FWO) released a report on its investigations into Australia's black coal mining industry, concluding that the sector demonstrated high levels of workplace compliance and no evidence of systemic wrongdoing. The inquiry, initiated following a request from the Minister for Employment and Workplace Relations in August 2024, examined 56 cases across the […]

ASIC Places Interim Stop Order on Australian Secure Capital Fund Mortgage Schemes

October 8, 2026 • 18 hours ago
Source: Asic

The Australian Securities and Investments Commission (ASIC) has issued an interim stop order preventing Australian Secure Capital Fund Limited (ASCF) from offering, issuing, selling, or transferring interests in three of its registered managed investment schemes. The affected schemes are the ASCF Premium Capital Fund, ASCF Select Income Fund, and ASCF High Yield Fund. According to […]

Private Investment in Western Sydney Aerotropolis Reaches $34.6 Billion as Bradfield Opens Tenancy EOIs

October 8, 2026 • 18 hours ago
Source: New South Wales Government

Private investment in the Western Sydney Aerotropolis has reached $34.6 billion after tripling over the past 18 months, according to figures released by the New South Wales Government. The total private investment now surpasses the $29 billion in public infrastructure investment allocated to the precinct, coinciding with new freight and upcoming passenger operations at Western […]

IEA Member Governments Back Accelerated Oil Stock Releases Amid Supply Concerns

October 8, 2026 • 1 day ago
Source: International Energy Agency (IEA)

Member governments of the International Energy Agency (IEA) met on 7 October 2026 and agreed to accelerate the oil stock releases originally announced in the March 2026 Collective Action, aiming to complete the process as soon as possible. During the meeting, representatives also supported prioritising the release of diesel stocks where feasible, citing ongoing tightness […]

PRA Proposes Automatic GDP-Linked Updates for 128 Financial Regulatory Thresholds

October 7, 2026 • 1 day ago
Source: Bank of England

The Prudential Regulation Authority (PRA) announced proposals on 7 October 2026 to automatically increase 128 regulatory thresholds across the banking, insurance, and credit union sectors in line with nominal Gross Domestic Product (GDP). Under the proposed framework, the first automatic adjustment would take effect on 1 July 2031, with subsequent updates occurring every five years. […]

NSW Government Releases Gas Statement Outlining Role in Energy Transition

October 7, 2026 • 1 day ago
Source: New South Wales GovernmentPlaces named: New South Wales, Australia

The Minns Labor Government in New South Wales has released the NSW Gas Statement, outlining the role natural gas is expected to play in supporting domestic manufacturing, new low-carbon industries, and the state's broader energy transition. The statement provides an overview of New South Wales' gas outlook amid changes to the state's energy grid, where […]