#economic-impact

[ follow ]
World news
from7NEWS
13 hours ago

Working longer: The new average retirement age for men and women as cost of living bites

Australian men now expected to work until age 67 on average and women until age 65, driven by cost-of-living pressures and growth of white-collar work.
Food & drink
fromLos Angeles Times
19 hours ago

Birdie G's, once called 'Santa Monica's hottest restaurant,' set to close in December

Birdie G's will close Dec. 31 due to severe revenue losses caused by the January Palisades fire alongside pandemic, inflation, strikes, location, and large footprint.
US politics
fromwww.ocregister.com
1 day ago

Is California's job growth 80% less than we think?

California added only 18,000 workers in the year ending March, 80% fewer than the previously reported 88,000, indicating much weaker job growth.
UK politics
fromwww.bbc.com
1 day ago

JLR hack could see thousands laid off - MP

Jaguar Land Rover cyber attack halted production, risks widespread supplier layoffs, costs at least £50m weekly, and prompted calls for government emergency support.
Artificial intelligence
fromFortune
1 day ago

AI has added $160 billion to 'true GDP' since 2022, Goldman Sachs says. There's just one problem: That's not official | Fortune

AI infrastructure spending has raised true U.S. GDP by about $160 billion since 2022 while official GDP accounts capture far less.
fromTechzine Global
1 day ago

Jaguar Land Rover extends production halt after cyberattack

Jaguar Land Rover (JLR) has confirmed that the production halt will continue until at least Wednesday, September 24, 2025. The company is dealing with the aftermath of a major cyberattack that disrupted its IT systems and paralyzed part of its production at the end of August. In an official statement, JLR explains that the extension is necessary because the forensic investigation into the attack is still ongoing.
UK politics
London politics
fromwww.standard.co.uk
1 day ago

Will deal be reached to avoid more Tube strikes? RMT and London Underground officials to sit down for talks today

Talks will seek to resolve an LU dispute over cutting the working week from 35 to 32 hours; the RMT accepted a 3.4% pay offer.
#climate-change
fromwww.theguardian.com
3 days ago
Environment

Millions of Australians at risk from rising sea levels and heat deaths to soar, national climate risk assessment report warns

fromNature
1 month ago
US politics

Controversial climate report from Trump team galvanizes scientists into action

fromwww.theguardian.com
3 days ago
Environment

Millions of Australians at risk from rising sea levels and heat deaths to soar, national climate risk assessment report warns

fromNature
1 month ago
US politics

Controversial climate report from Trump team galvanizes scientists into action

#ai-bubble
fromFortune
3 days ago
Artificial intelligence

OpenAI board chair doubles down on CEO Sam Altman's belief we're in an AI bubble: 'A lot of people will lose a lot of money' | Fortune

fromTechCrunch
3 days ago
Artificial intelligence

OpenAI board chair Bret Taylor says we're in an AI bubble (but that's okay) | TechCrunch

fromFortune
3 days ago
Artificial intelligence

OpenAI board chair doubles down on CEO Sam Altman's belief we're in an AI bubble: 'A lot of people will lose a lot of money' | Fortune

fromTechCrunch
3 days ago
Artificial intelligence

OpenAI board chair Bret Taylor says we're in an AI bubble (but that's okay) | TechCrunch

#bad-bunny
#supreme-court
Miscellaneous
fromlondonlovesbusiness.com
1 week ago

The economic impact of online casinos in the UK and Ireland

Online casinos in the UK and Ireland drive job creation, tax revenue, technological innovation, and market expansion while presenting regulatory challenges and financial risks.
fromwww.standard.co.uk
1 week ago

Live map shows Tube train desert through central London on final day of RMT strike

A map has revealed how central London has been turned into a virtual train desert on the final morning of the Tube strikes. Just the Elizabeth line has been able to run through the West End Thameslink services are still open and able to whisk office workers into the City of London from the north and south of the capital.
UK news
New York City
fromNews 12 - Default
1 week ago

Coney Island Casino proposal faces final public hearing

A public hearing will determine if a proposed Coney Island casino, paired with a $10 million ferry dock pledge, receives one of three downstate licenses.
US news
fromFortune
1 week ago

Las Vegas mayor says the city is suffering from a serious drop in Canadian tourists: 'We need you, and we miss you' | Fortune

Las Vegas is experiencing a sharp decline in international, especially Canadian, tourism that significantly reduced visitor numbers, hotel occupancy, and economic contributions.
UK news
fromwww.independent.co.uk
1 week ago

How much Tube drivers really earn as they strike over pay

London tube drivers earn high starting salaries and are striking over pay and conditions, causing major service suspensions and risking significant economic damage to the capital.
#san-jose
fromwww.mercurynews.com
1 week ago
Soccer (FIFA)

Sports czar' is helping San Jose take advantage of the Super Bowl, March Madness and World Cup coming to Silicon Valley in 2026

fromwww.mercurynews.com
1 week ago
Soccer (FIFA)

Sports czar' is helping San Jose take advantage of the Super Bowl, March Madness and World Cup coming to Silicon Valley in 2026

Artificial intelligence
fromFuturism
1 week ago

Data Shows That AI Use Is Now Declining at Large Companies

Corporate adoption of AI in the US is slowing, with usage dropping notably among larger firms and most adopters not seeing revenue benefits.
#london-tube-strike
Women
fromAol
1 week ago

They were told they could have it all. So why are so many moms leaving their jobs?

Rising child care costs and return-to-office demands are pushing many mothers of young children out of the workforce, risking long-term earnings and career setbacks.
World news
fromBusiness Insider
1 week ago

Putin's energy fix for drone-hit Russia: Dig up more coal

Ukrainian drone strikes on Russian refineries have removed about 17% of refining capacity, causing regional fuel shortages, price spikes, and prompting Putin to push coal.
fromwww.theguardian.com
1 week ago

London tube users warned to plan for disruption as strike action escalates

Tube users have been urged to check before travelling this week as strikes by staff escalate, bringing services to an early finish on Sunday evening and closing the London Underground entirely for four days from Monday. The RMT union has batted back pleas to call off the industrial action, involving about 10,000 workers, as it attempts to secure a shorter working week as part of pay negotiations.
UK politics
fromwww.cbc.ca
1 week ago

IndyCar Series move to Markham will boost city's economy, but not everyone is racing to celebrate | CBC News

The 3.52-kilometre circuit will sit partially on the Unionville GO property and race past York University's Markham Campus. The track will feature 12 turns and a split pit road. "We have wineries 15 minutes away from here. We have venues and different things you wouldn't think Markham has and we hope guests get to see this in addition to the IndyRace and then tell other people about it," Yu said.
Canada news
fromwww.mercurynews.com
2 weeks ago

Moss: To reverse global baby bust, would-be fathers must be dependable, not duds

Peak population is coming for all of us. Sensible measures can respond to the strains imposed by smaller families, but cultural norms matter as much as policy outcomes. While Federal Reserve Chair Jerome Powell was undoubtedly the main attraction at Jackson Hole, there were other weighty issues on the table. The role of men and societal values in declining fertility was among them. Nobel laureate Claudia Goldin told the Fed's conference in Wyoming that it's important not to overlook tradition when explaining low fertility.
World news
fromTheregister
2 weeks ago

Space Command gets Trumped out of Colorado

This will result in more than 30,000 Alabama jobs and probably much more than that, and hundreds of millions of dollars of investment. And that's billions, because it can't be millions. It's billions and billions of dollars.
US politics
#tariffs
UK politics
fromwww.aljazeera.com
2 weeks ago

What does the falling birthrate mean for the British economy?

England and Wales' fertility rate fell to 1.41 in 2024, below replacement level, implying long-term population decline with significant economic and political consequences.
National Hockey League
fromwww.nhl.com
2 weeks ago

Sharks Sports & Entertainment and City of San Jose extend SAP Center lease agreement | San Jose Sharks

Plattner invested $100M+ in SAP Center; Sharks and City will invest $500M+ to renovate and keep the team in San Jose.
LGBT
fromAdvocate.com
2 weeks ago

Houston area officials step up after Greg Abbott rejects gay softball tourney's funding request

Harris County approved a $500,000 grant to host the Gay Softball World Series after state incentive funding was denied by Governor Greg Abbott.
Real estate
fromThe Mercury News
2 weeks ago

La Bahia Hotel and Spa in Santa Cruz to open next month

A new 155-room luxury La Bahia Hotel and Spa in Santa Cruz opens early September with restaurants, rooftop spa, local partnerships and new tax revenue.
fromThe Mercury News
2 weeks ago

Elias: California must do better to make Big Oil pay for climate change

At issue was whether oil companies could be held liable for damage from future wildfires caused at least in part by climate change. The state Senate Judiciary Committee vote on the measure came just two days after a Louisiana jury held oil giant Chevron liable by for $744.6 million to restore damage to Louisiana's coastal wetlands. The case was the first of many pending against oil companies that have supposedly lied about whether their policies
California
#us-india-trade
World news
fromwww.nature.com
3 weeks ago

What Falling Global Birth Rates Really Mean for the Future

Global fertility rates have fallen sharply, producing widespread population decline with significant economic, political, and technological consequences.
Canada news
fromwww.cbc.ca
3 weeks ago

Construction starting on Highway 413, Ontario premier says | CBC News

Construction of Highway 413 in Ontario is starting, promising reduced travel times, job creation, and economic benefits while facing environmental and political criticism.
Startup companies
fromBusiness Matters
3 weeks ago

Virgin StartUp launches Momentum accelerator to back dyslexic entrepreneurs

Virgin StartUp launched an eight-week Momentum accelerator helping dyslexic entrepreneurs scale businesses by amplifying Dyslexic Thinking strengths through tailored workshops, mentoring, and resources.
UK politics
fromBusiness Matters
3 weeks ago

Reeves tax raid blamed as nightlife 'deserts' spread across Britain

Britain has lost over 26% of after-hours venues since 2020, creating widespread cultural deserts as nightclubs and late-night venues rapidly close.
Public health
fromwww.bbc.com
3 weeks ago

First human case of flesh-eating screwworm parasite confirmed in US

A travel-associated New World screwworm myiasis case in a US returnee from El Salvador was confirmed, posing low public health risk but livestock economic threat.
Artificial intelligence
fromInfoQ
3 weeks ago

Zemlin at Open Source Summit EU: Even in the Age of AI, the Software's Future Is Still Open Source

Open-source AI models now match proprietary performance, reveal massive economic value, accelerate global adoption, and signal a shift toward agentic AI and diminished closed-source moats.
Environment
fromwww.dw.com
3 weeks ago

Global water crisis could cost trillions DW 08/25/2025

Only about 0.5% of Earth's water is usable freshwater, and climate-driven demand, heat, and drought are increasing water stress, undermining food security, economies, and livelihoods.
London politics
fromwww.theguardian.com
3 weeks ago

Notting Hill carnival very close' to not happening, says chair in funding appeal

Notting Hill Carnival narrowly avoided cancellation after emergency funding; organisers seek five-year guaranteed funding recognizing its £400m economic value despite £11m policing costs.
Real estate
fromThesanjoseblog
3 weeks ago

Sharks Secure Future in San Jose with $425 Million SAP Center Revamp

San Jose secured Sharks' tenancy at SAP Center through 2051 with a $425 million renovation package: $325M city contribution and $100M from the Sharks.
fromSFGATE
4 weeks ago

The last indie bookstore in a wealthy Calif. town is going under

In the early days of December 2024, Michelle Pierce, the owner of the recently opened indie bookstore Malibu Village Books, was finally starting to feel like her little shop was finding its footing. Opened the year before, the store had just launched a big book fair at a Malibu school, and was well into making inroads with other local institutions to collaborate on events.
California
Real estate
fromTime Out London
4 weeks ago

This iconic Oxford Circus building is getting a massive makeover

33 Cavendish Square will be redeveloped into offices, retail and cultural space with an auditorium, net-zero retrofit, and thousands of jobs.
#san-francisco
fromABC7 San Francisco
4 weeks ago
London music

3 weekend concerts at SF's Golden Gate Park brings in $150 million to city's economy, mayor says

Three weekends of concerts in Golden Gate Park generated $150 million for San Francisco’s economy, attracting over 450,000 attendees.
fromABC7 San Francisco
1 month ago
SF music

Zack Bryan wraps up 3 weekends of large-scale music events at SF's Golden Gate Park

Large-scale concerts in San Francisco are boosting local businesses significantly.
#tourism
Miscellaneous
fromwww.dw.com
4 weeks ago

Gucci, Dior, Louis Vuitton face crisis as luxury sales slide DW 08/19/2025

Return of corroding medals marks a troubling trend for LVMH amidst luxury sector challenges.
Beer
fromInsideHook
1 month ago

A Government Ruling Could Challenge Craft Brewers Even More

The craft beer industry faces increased costs due to new tariffs on aluminum cans and components.
Agriculture
fromSFGATE
1 month ago

Major Calif. food processing factory closing, leaving state after 78 years

California's sugar beet harvest may end as Southern Minnesota Beet Sugar Cooperative announces closure of Spreckels Sugar facility in Imperial Valley.
Artificial intelligence
fromFortune
1 month ago

Massive AI spending has a 'crowding out' effect that could slow other sectors, top economist says

AI investments significantly boost GDP growth but create negative side effects in other sectors.
fromFast Company
1 month ago

FatFace stores closing 2025: All U.S. and Canada locations on the doomed list as retailer goes online-only in North America

FatFace confirmed it will be shuttering 23 stores in the United States and Canada due to economic uncertainty and increased costs that made the physical store model unviable.
E-Commerce
fromwww.theguardian.com
1 month ago

UK metals firms threaten to sue government over tariffs on steel imports from Asia

The government has shot itself in the foot. It wants to help the steel industry, but acting in this way, giving just 24 hours' notice, has only increased our expenses.
UK politics
Public health
fromBusiness Matters
1 month ago

Weight-loss jabs could slash UK sick days and boost productivity, study finds

Wider access to weight-loss injections on the NHS could reduce sick days and alleviate the economic burden of obesity.
US politics
fromCbsnews
1 month ago

Citi Field casino has "a very good shot," but is still risky, New York state senator says

The proposal for a casino near Citi Field has significant support despite concerns about social issues it might exacerbate.
fromSFGATE
1 month ago

Census Changes Affect Neighborhood Prices: What To Know About Your Home Value

The census serves as more than a headcount, playing a vital role in political representation and shaping various economic and market functions related to housing.
US politics
SF LGBT
fromAdvocate.com
1 month ago

D.C. bar owners say Trump's federal law enforcement crackdown is killing their business

Trump's federal policing measures have caused economic distress for LGBTQ+ nightlife in Washington, D.C.
UK politics
fromBusiness Matters
1 month ago

British horse racing to strike for first time in protest at betting tax hike

British racing will stage its first ever strike on September 10 in protest against a proposed tax increase on betting.
Toronto
fromstupidDOPE | Est. 2008
1 month ago

Silly Nice x stupidDOPE: Help Spotlight New York's Best Family-Run Businesses | stupidDOPE | Est. 2008

Silly Nice and stupidDOPE are spotlighting family-run businesses in New York City to celebrate their contributions and enhance their visibility.
Agriculture
fromwww.npr.org
1 month ago

Washington's hydropower has created a data center boom. Some are concerned about its future.

Quincy, Washington has transformed from a potato-producing town to a hub for data centers amid a national boom driven by internet and AI demand.
fromFortune
1 month ago

The billion-dollar remote work opportunity that rural America can't reach

Federal and state programs have rightly prioritized reaching remote areas, building towers, and upgrading last-mile delivery. But access doesn't guarantee uptake.
Digital life
Real estate
fromwww.housingwire.com
1 month ago

Redfin: Multifamily housing permits fall from pandemic highs

Multifamily construction has slowed due to falling rents and high borrowing costs, affecting the rental market dynamics.
fromSFGATE
1 month ago

1.9 Million Retirees in North Carolina Qualify for the 'Senior Deduction' Under Big, Beautiful Bill

The OBBBA created a deduction specifically for seniors: $6,000 for individuals over age 65 and $12,000 for qualifying couples, increasing the total deductions significantly.
US politics
US politics
fromSFGATE
1 month ago

1 Million Retirees in Missouri Qualify for the 'Senior Deduction' Under Big, Beautiful Bill

The One Big Beautiful Bill Act will eliminate federal income tax on Social Security income for most retirees.
US politics
fromFortune
1 month ago

The mighty American consumer keeps shrugging off tariffs as retail sales rise 0.5% in July

Retail sales rose 0.5% in July, with strong auto dealership sales despite challenges from Trump's tariffs.
fromFortune
1 month ago

Future CEOs, erased: the economic cost of losing Black women in the workforce

In 2025, almost 300,000 Black women exited the labor force, indicating a strategic failure with long-term consequences for workforce equity and economic stability.
Women
Digital life
fromFortune
1 month ago

AI experts return from China stunned: The U.S. grid is so weak, the race may already be over

In China, energy availability for data centers is not a debated concern, unlike in the U.S., where it significantly hampers AI growth.
US politics
fromSFGATE
1 month ago

600,000 Retirees in Iowa Qualify for the 'Senior Deduction' Under Big, Beautiful Bill

The One Big Beautiful Bill Act provides significant financial relief to Iowa's seniors by exempting 600,000 from federal taxes on Social Security income.
US politics
fromAxios
1 month ago

The economy's tariff cost burden

Producer Price Index rose by 0.9% in July, driven by increasing profit margins in the service sector, particularly for wholesalers and retailers.
fromFortune
1 month ago

Harvard researcher: Three-hour flight delays now four times more common than in 1990

Long delays of three hours or more are now four times more common than they were 30 years ago, indicating a significant trend in flight delays.
Boston
fromLos Angeles Times
1 month ago

Central Valley homeowners are watching property values sink with the land

"We were surprised because land subsidence is not like flooding or wildfires, which are much more visual and sudden. Land subsidence is a very slow problem."
California
fromConnecticut Public
1 month ago

The number of remote workers doubled in some Fairfield County communities post-pandemic

In the most recent profiles, 39% of Weston's population works from home. In 2019, 15% of the town worked remotely.
Miscellaneous
fromwww.independent.co.uk
1 month ago

Blow for Reeves as hiring plans at record low' in wake of national insurance hike

Rachel Reeves faces another setback with a significant decline in company hiring plans, recorded at a historic low of 57 percent for the upcoming three months.
UK news
US politics
fromSFGATE
1 month ago

1.2 Million Retirees in Washington Qualify For The 'Senior Deduction' Under Big, Beautiful Bill

New federal tax relief under the One Big, Beautiful Bill Act will exempt most Social Security income from federal income tax for retirees.
fromwww.theguardian.com
1 month ago

Tax relief and Carmen Sandiego: Australia's once-dismissed video game industry is finally getting a leg-up

According to statistics from the IGEA, Australians invested $3.8bn in video games last year, illustrating the substantial economic contribution of the industry that includes both local and international developers.
Video games
fromAxios
1 month ago

Sin city economic slump signals wider slowdown

The lower numbers, released last week, come alongside President Trump's escalating trade war that has frustrated travelers and a broader decline in international tourism to the U.S. The destination experienced an 11% year over year decline in visitation, seeing roughly 400,000 fewer visitors in June of 2025, when compared to June of 2024.
US politics
[ Load more ]