Economy
FTC settlement grants farmers direct access to John Deere repair tools and parts
The Federal Trade Commission has settled with John Deere, requiring the company to provide farmers with access to diagnostic tools, repair manuals, and replacement parts previously restricted to authorized dealers. The agreement resolves a decade-long dispute that affected hundreds of thousands of agricultural equipment owners globally.
Wired · 8 Jul
Economy
SpaceX President Pledges $320M in Stock to 2 Million Children Through Trump Accounts
Gwynne Shotwell is donating $320 million in personal SpaceX stock to approximately 2 million children through the Trump Accounts programme, with priority given to lower-income families in central Texas. The gift represents a significant commitment to long-term wealth building and financial access for disadvantaged youth.
The Next Web · 6 Jul
Economy
Passu Cherry Exhibition generates Rs2m for Hunza entrepreneurs, women lead sales
A six-day festival in Pakistan's Upper Hunza region generated over Rs2 million in sales for local farmers, artisans, and entrepreneurs, with women representing the majority of vendors. The event provided direct market access to national and international buyers, helping local brands compete beyond regional markets.
Dawn Pakistan · 6 Jul
Economy
European regulators target loot boxes in games sold to minors
European Union regulations are moving to restrict loot box mechanics in video games marketed to children, addressing concerns about predatory monetization practices. The rules could reshape global gaming industry sales and consumer protection standards for minors.
The Next Web · 3 Jul
Economy
Philippines reaches upper-middle income status after decades of economic growth
The Philippines achieved upper-middle income classification, a milestone reflecting sustained economic progress across multiple administrations and millions of workers. The achievement represents a significant threshold in the country's development trajectory, with implications for regional economic dynamics and future poverty reduction efforts.
Rappler Philippines · 3 Jul
Economy
Sony retrains 300 workers to make microlenses as disc factory pivots
Sony is converting its last PlayStation disc manufacturing plant in Austria to produce microlenses, committing to retrain all 300 employees rather than laying them off. The shift reflects both the decline of physical media and Sony's investment in securing its workforce through industrial transition.
The Verge · 3 Jul
Economy
New Jersey passes bipartisan law banning surveillance pricing in grocery stores
New Jersey joined Maryland and Connecticut in prohibiting retailers from using personal data to charge different prices to individual customers, addressing a consumer protection gap. The legislation applies to grocery stores and awaits the governor's signature to take effect.
Gizmodo.com · 2 Jul
Economy
Philippines reaches upper middle income status after 39 years
The Philippines has been reclassified as an upper middle income country by the World Bank, ending nearly four decades in the lower middle income category since 1987. The milestone reflects sustained economic growth and suggests improved living standards for over 100 million people.
Rappler Philippines · 2 Jul
Economy
Metro Manila implements 85-peso minimum wage increase in two phases
Metro Manila workers will receive an 85-peso minimum wage increase, the largest in the region's history, rolled out in two tranches starting July 2026. The increase directly raises earnings for hundreds of thousands of workers in the Philippines' largest employment hub.
Rappler Philippines · 30 Jun
Economy
India's UPI payments platform reaches 750 million daily transactions
India's Unified Payment Interface has achieved 750 million daily transactions, cementing its position as the world's largest real-time payment system and demonstrating massive financial inclusion at scale. The platform serves hundreds of millions of Indians and continues expanding, with AI expected to drive further growth toward a billion daily transactions.
The Next Web · 28 Jun
Economy
Nigeria completes 28km coastal highway stretch as deep sea port development advances
Ogun State's 28-kilometre section of the 700-kilometre Lagos-Calabar Coastal Highway is expected to be completed this year, part of Nigeria's major infrastructure expansion. The project includes development of a deep sea port, addressing regional transportation and trade capacity constraints.
Premium Times Nigeria · 27 Jun
Economy
New York freezes rents for one million apartments in first-ever dual-lease decision
New York's Rent Guidelines Board voted to freeze rents for both one-year and two-year leases across the city's one million rent-regulated apartments, a historic first that directly addresses housing affordability for renters. The decision fulfills Mayor Mamdani's campaign commitment and will provide cost stability for a significant portion of the city's rental market.
WABC-TV · 26 Jun
Economy
US expands domestic critical minerals processing with military base partnerships
The US Army has partnered with multiple companies to establish critical minerals processing plants on military bases, addressing supply chain vulnerabilities for materials essential to defence and clean energy. The initiative represents a significant domestic production milestone that reduces reliance on foreign mineral imports.
Bloomberg · 25 Jun
Economy
Immigration drove up to one-third of GDP growth in wealthy nations since 1990
A peer-reviewed study presented at the European Central Bank Forum found that immigration significantly boosted productivity and GDP growth across OECD countries, with each 1% increase in immigrant population correlating to 1.2% productivity gains within five years. In Spain, Italy, and Britain, immigration accounted for roughly one-third of total economic growth per worker over the past 35 years.
Dawn Pakistan · 25 Jun
Economy
IOC launches $100m fund offering $10,000 grants to Olympic athletes
The International Olympic Committee established a $100 million fund providing $10,000 grants to athletes from summer and winter Olympics, addressing financial hardship among competitors. The initiative aims to support athletes post-competition as many struggle with income instability between Games.
Al Jazeera · 24 Jun
Economy
Engineering jobs expand despite AI disruption fears, data shows
Engineering roles are growing faster than predicted and now comprise a larger share of new hires, according to SignalFire data analysing recent hiring patterns. The finding contradicts widespread predictions that AI would eliminate technical employment.
TechCrunch · 24 Jun
Economy
Senate passes first major housing bill since 2008 to limit institutional investment
The bipartisan measure restricts institutional investors to purchasing no more than 350 single-family homes, addressing concentrated ownership that has reduced housing affordability. This represents the most significant housing legislation in nearly two decades and signals potential progress on a major affordability challenge.
The Washington Post · 23 Jun
Economy
Warner Music and Swedish Agency Launch First AI Music Licensing Framework
Warner Music Group's acquisition of Sureel and partnership with Swedish copyright agency STIM has created the first licensing system allowing musicians to be paid when their work trains generative AI models. The framework uses attribution software to track how training data influences AI outputs and establish fair royalty structures for creators.
IEEE Spectrum · 17 Jun
Economy
Pakistan abolishes sales tax on sanitary products after court challenge
Pakistan's finance minister announced the removal of sales tax on menstrual health items, recognizing them as essential for women's health and dignity. The decision follows legal action by young campaigners and addresses period poverty affecting millions of women across the country.
Guardian Global Development · 17 Jun