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America’s next economic powerhouse may be rising in red-state territory
DALLAS — Texas has emerged as the biggest winner in corporate America’s flight from high-tax blue states, attracting a wave of headquarters relocations as companies increasingly abandon costly coastal hubs for lower-tax Republican strongholds. The relocation wave is reshaping the balance of economic power in America, boosting red-state economies while raising fresh questions about whether high taxes and regulation are driving companies out of blue-state strongholds. Dallas-Fort Worth led the...
America’s next economic powerhouse may be rising in red-state territory
DALLAS — Texas has emerged as the biggest winner in corporate America’s flight from high-tax blue states, attracting a wave of headquarters relocations as companies increasingly abandon costly coastal hubs for lower-tax Republican strongholds. The relocation wave is reshaping the balance of economic power in America, boosting red-state economies while raising fresh questions about whether high taxes and regulation are driving companies out of blue-state strongholds. Dallas-Fort Worth led the...
Trump has squeezed China in Cuba, Panama and Venezuela. Is Nicaragua next?
US President Donald Trump’s drive to reassert US supremacy in Latin America has already squeezed China’s interests in Cuba, Panama and Venezuela. Now, Nicaragua could be shaping up as the next economic battleground between the two powers, a scholar has warned. The American leader has yet to target Nicaragua since returning to office, but that could change if China revives an ambitious project to build a canal cutting across the country to connect the Pacific Ocean and Caribbean Sea, said...
The World Cup hotel boom may not be happening — and neither may the expected economic windfall
The World Cup hotel boom may not be happening — and neither may the expected economic windfall 02:50 UP NEXT High gas and car prices drive banned Chinese electric vehicles into U.S. consumer focus 02:50 Chaos consumes Swatch stores over pocket watch collaboration with Audemars Piguet 02:36 Audemars Piguet and Swatch make a $400 ‘pop’ pocket watch 01:59 3,800 Waymos recalled for issue that lets them drive into standing water on higher speed roadways 02:40 Trump Mobile phone release date still...
OECD cuts 2026 global growth forecasts over Mideast war fallout
OECD cuts 2026 global growth forecasts over Mideast war fallout PARIS: The global economic outlook hinges on how long the war in the Middle East lasts, with recession in some countries and sharply higher inflation a real possibility if it drags on into next year, the Organisation for Economic Cooperation and Development warned on Wednesday (Jun 3). If the conflict proves short-lived, Gulf oil and gas production could gradually return to pre-crisis levels from the third quarter with shortages...
Europe Watches Its Economic Recovery Fade Into the Distance
A supermarket in Paris. For Europe, the economic drag is now forecast to last into next year.
Europe Watches Its Economic Recovery Fade Into the Distance
A supermarket in Paris. For Europe, the economic drag is now forecast to last into next year.
Analysis:Global oil inventories depleted, next price spike could roil economies, markets
Analysis:Global oil inventories depleted, next price spike could roil economies, markets HOUSTON/NEW YORK, June 5 : Global oil inventories are running dangerously low as a deal to re-open tanker traffic through the Strait of Hormuz has proven elusive, and industry executives and analysts warn there could be another oil price shock in the coming weeks, severe enough to upset broader financial markets. Some fear the next move higher for oil prices would pose a risk to economic growth, bond...
First footy, now beer: Region braces for $50m hit to local economy
Boag's brewery worker 'angry' and 'frustrated' as Launceston braces for $50 million economic blow Wed 3 Jun 2026 at 3:58pm In short: Launceston leaders say the loss of the Boag's brewery will be felt across the tourism sector. It follows the announcement last month that Hawthorn Football Club would no longer play "home" games in Launceston after the 2027 season.
Malaysia’s wage growth lags behind GDP as ‘top firms are not scaling’ – what gives?
Malaysia’s wage growth lags behind GDP as ‘top firms are not scaling’ – what gives? A World Bank report in May found that Malaysia’s wage growth since 2010 has lagged behind its gross domestic product (GDP) growth in part because top firms in the country are not scaling up. KUALA LUMPUR: They form the top 10 per cent of businesses in Malaysia productivity-wise.