economy

Economy and the area of production, distribution, trade, and consumption of goods and services.

After a Quarterly Operating Loss of $373 million, Volvo Cars Will Eliminate 2,500 Jobs.
After reporting a disappointing third quarter, Volvo Cars is expanding its cost-cutting efforts and announcing plans to eliminate approximately 2,500 jobs worldwide. The Swedish automaker is under increasing pressure from weaker demand for electric vehicles, international tariffs, and fierce competition in China. On October 23, 2026, the company made the announcement, which coincided with a significant decline in its financial performance.
By Raviha Imranabout 6 hours ago in Journal
11.6 Million Views, Zero Downloads: The Three Founders Who Proved Traffic Doesn't Pay the Bills
A software founder uploaded a YouTube video. It was a screen recording. A user dragged a messy spreadsheet into the product. The product reformatted it into a standard layout. The user exported it. No face on camera. No background music. The only voiceover line was “link in the description.”
By Jinabout 16 hours ago in Journal
Sri Lanka Went Dark at Noon Because It Had Too Much Electricity
At 11:45 a.m. on October 17, 2026, Sri Lanka’s power grid collapsed. About 22 million people lost electricity, and most areas did not see supply restored until around 6 p.m. In 2022, the same island nation had endured daily power cuts of up to 13 hours because of foreign-exchange exhaustion and fuel shortages. This time, the blackout came after solar capacity had surged past 3,000 MW.
By Jinabout 18 hours ago in Journal
Ringgit Strengthens as Fed Signals Shift in Rate Outlook
The Malaysian ringgit began Wednesday on a positive note, edging higher against the US dollar as global investors fundamentally reassessed the future direction of American interest rate policy. At the opening of trading, the currency stood at 4.0830/4.0880 to the greenback a modest but meaningful improvement from Tuesday’s closing quote of 4.0835/4.0880 . While the immediate movement appears incremental, it reflects a broader, potentially far‑reaching shift in global financial sentiment: the United States may finally be stepping back from an extended era of aggressive monetary tightening.
By Mark Lim about 20 hours ago in Journal
Beyond the Blacklist: Panama and Vietnam Exit EU Tax Watch
For decades, the name Panama has been inseparable from a singular global conversation about offshore finance, secrecy, and accountability. It was here that the 2016 leak of 11.5 million internal documents from the law firm Mossack Fonseca, the Panama Papers, exposed how vast fortunes were channelled through shell companies to shield wealth from tax authorities, triggering public outrage, criminal inquiries, and a fundamental reshaping of international financial rules. When the European Union created its tax haven blacklist the following year, Panama stood prominently among the jurisdictions named, a symbol of a global system under scrutiny. This past Friday, that chapter formally turned: the EU announced that both Panama and Vietnam had been removed from its list of non‑cooperative tax jurisdictions, marking the culmination of years of legal overhaul, diplomatic engagement, and sustained international pressure.
By Mark Lim a day ago in Journal
Hong Kong Restaurants Are Closing. Shenzhen Didn’t Kill Them.
The closures are no longer scattered. Lei Garden in Mong Kok, open for forty-six years and once awarded two Michelin stars, has shut. Hoi Wong Congee, a name in Hong Kong for thirty-three years, has closed. Pizza Box, a local chain that ran for twenty-three years, has left the market. In the first eight months of this year, more than twenty-eight traditional Cantonese restaurants closed, and over a hundred Chinese restaurants are in trouble.
By Jin2 days ago in Journal
Petronas Boosts Government Payout by 19% as Energy Prices Rebound
Petroliam Nasional Bhd. (Petronas), Malaysia’s national energy corporation will increase its direct contribution to federal government revenue by 19% next year, rising to RM32 billion in 2027 from a revised RM27 billion in 2026. The figures, confirmed by the Ministry of Finance, mark a dramatic upward revision from earlier projections at the start of the year; Petronas had committed just RM20 billion for 2026. The rebound reflects a striking improvement in the global energy landscape, driven largely by supply disruptions stemming from the conflict in the Middle East, and it reshapes the government’s fiscal outlook just as it sets out to narrow the national budget deficit.
By Mark Lim 2 days ago in Journal
Wall Street Gains in Cautious Rally as Earnings Season and Inflation Data Loom
Wall Street closed higher on Friday, marking weekly gains across the board, though the advance was measured and selective as investors weighed shifting geopolitical news against the approaching start of third‑quarter earnings season and key inflation data. It was a week defined by contrasts: optimism about AI‑driven corporate performance collided with deepening anxiety over household sentiment, while energy markets swung sharply on diplomatic headlines before settling near the line.
By Mark Lim 2 days ago in Journal
Bangkok Welcomes the World: IMF–World Bank Annual Meetings 2026
Bangkok has stepped onto the global stage as host city for the IMF–World Bank Annual Meetings , taking place from October 12 through 18, 2026 . More than 15,000 participants representing 191 countries, including central bank governors, finance ministers, economic policymakers, and business leaders, have converged in the Thai capital to debate the state of the world economy, financial stability, development goals, and shared global challenges. It is one of the largest international gatherings Thailand has hosted in years, bringing with it opportunities, logistical adjustments, heightened security, and a warm welcome extended to visitors from every continent.
By Mark Lim 2 days ago in Journal
Ireland Proposes €140 Billion Cut to EU Budget Plan to Bridge Deep Divisions
As holder of the European Union’s rotating presidency, Ireland has stepped forward with a carefully calibrated compromise proposal designed to break a deadlock over the bloc’s next seven‑year budget, proposing a €140 billion (US$155 billion) reduction from the original draft. The revised framework lowers the 2028–2034 budget from nearly €2 trillion to approximately €1.86 trillion , seeking to satisfy austerity‑minded member states while preserving the EU’s ability to fund shared priorities. EU leaders will gather in Brussels next week to debate the plan, with a target of final agreement before Christmas, a deadline driven not just by procedure, but by deep anxiety over what rising political fragmentation could mean if negotiations drag on.
By Mark Lim 2 days ago in Journal
Why Your Leadership Tactics Are Failing You
Written by a human, for humans, always. Have you been trying to be successful as a leader... Reading all the books... Listening to all the podcasts...
By H.E. Dr. Cody Dakota Wooten, COIE, DFM, DHM2 days ago in Journal
Global Markets Navigate Uncertainty: Tech Valuations, Energy Volatility, and Inflation Watch
Global markets began the week in a measured, cautious mood on Monday, October 12, balancing remarkable optimism around artificial intelligence against mounting real-world risks: elevated energy prices, geopolitical ambiguity, rising borrowing costs, and the approaching earnings season that will test whether sky-high tech valuations are truly justified. Trade was muted with Japanese markets closed and the United States observing a partial holiday, but the undercurrents driving price action were clear and consequential.
By Mark Lim 3 days ago in Journal