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The Latest Breaking News from Economy

Meagre economic growth at end of 2025 confirmed amid fears over Iran war hit

The ONS confirmed unrevised growth of 0.1% between October and December, which followed growth of 0.1% in the previous three months.

Evening Standard

Oil price jumps to $118 a barrel after Trump comments; cost of filling up family car with diesel passes £100 – as it happened

Full tank of petrol now costs £84, as drivers face more than £500m in higher fuel costs due to oil crisis

The Guardian - UK

35,000 pints of stolen Guinness, 950 wheels of pilfered cheese: can the UK’s cargo theft crisis be stopped?

It costs the UK economy £700m a year, and criminal gangs are operating with near impunity. Every time a lorry gets robbed, raided or hijacked, it’s Mike Dawber who investigates

The Guardian - UK

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Trump’s approval rating dips to new second-term low as top pollster warns of ‘profound problems’ emerging with his base

The president now has less support than he did after he shocked the world economy with tariffs last year

The Independent UK

Why a second global shipping chokepoint could soon live up to its name as the ‘Gate of Tears’

If you’d never heard of the Strait of Hormuz before, you probably have by now. Iran’s effective closure of the waterway, which usually carries about 20% of the world’s oil and gas, has put severe pressure on the global economy.

The Conversation

Findlay promises permanent tax cuts for business and Scottish ‘Canary Wharf’

The Scottish Tories have pledged to overhaul rates and reverse what they described as ‘damaging cliff-edge’ tax rises facing firms.

Evening Standard

Jerome Powell to Gen Z: Don’t fear AI—master it

The Fed chair told Harvard students that young workers’ best career move is learning how to use AI, even as the technology disrupts the labor market.

Fortune

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Jerome Powell says $39 trillion national debt is ‘not unsustainable,’ but warns the trajectory ‘will not end well’

“The federal government debt is growing substantially faster than our economy,” the Fed chair told a roomful of Harvard students.

Fortune

America's less energy-intensive economy braces against Iran war shock

Over recent decades, the share of U.S. economic activity has increased in service industries that demand less energy.

Axios

Economic policy in South Africa neglects informal traders: 5 focus areas to support the sector

The informal economy is responsible for a large share of economic output across the continent. Yet economic policy is almost always designed for the formal economy and overlooks the informal economy.

The Conversation

Violent conflicts are reshaping what Nigerian farmers grow: what this means for food security

Agriculture is the backbone of Africa’s economy. It provides livelihoods for over 70% of the rural population and contributes to national food security and economic development.

The Conversation

Robert Kiyosaki Says US Boomers Face a Wave of Homelessness as Inflation to Wipe out Social Security

Robert Kiyosaki warns that US baby boomers face mass homelessness as hyperinflation threatens to liquidate Social Security. The Rich Dad Poor Dad author labels the Federal Reserve a 'criminal organisation' amid rising US stagflation risks. Financial experts fear the US-Iran war will drive oil prices higher despite efforts to open…

International Business Times UK

The API economy may soon grow by tens of millions of customers—here’s why

Agentic commerce, or AI agents using blockchain-based micropayments, is quickly becoming a reality.

Fortune

Trump Under Fire After Telling Crowd 'Ask Me About Sex' During Press Appearance Amid Economy Crisis

Trump faces backlash after telling crowd to 'ask me about sex' during chaotic press event as economic crisis and global tensions intensify.

International Business Times UK

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The Independent UK

Voices: As energy costs soar, Rachel Reeves is now the price-gouging queen

COMMENT: The chancellor dismisses sharp rises at the petrol pumps and in our energy bills as ‘global turbulence’ – but her bad policy choices have left consumers exposed to market shock, says Kemi Badenoch: she should give drivers a break by abandoning her planned fuel duty hike, and help householders…

The Guardian - UK

Pessimism takes root in UK as shoppers struggle to afford essentials

Millions are dipping into savings or borrowing to get by as the Iran war drives up prices, survey shows

AAP

Top forecaster's dire prediction if Iran war drags on

Australia could enter a recession, with the Reserve Bank raising interest rates a further three times, economists warn as fears of a protracted conflict mount.

The Guardian - AU

Did Anthony Albanese just cement a third interest rate hike in May by cutting the fuel excise?

Injecting $1.5bn via petrol subsidies into an inflated economy may change things for the Reserve Bank board at its next meeting

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news in one place.

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The Guardian - UK

China’s ‘teapot’ oil refineries keep economy brewing – but surging crude prices leave them strained

The factories, which buy cheap crude and turn it into fuel, are struggling as higher oil prices threaten their razor-sharp margins

The Independent UK

The US has opened up Pandora’s box in the Middle East, and possibly only Iran will benefit

THE INDEPENDENT VIEW: Editorial: With the Houthis controlling the Red Sea – and Iran the Strait of Hormuz – the global economy would be facing disaster

The Conversation

War could add an extra 5% to prices in Australia – but there’s one sector that shields the economy

A drawn-out war in the Middle East could add an extra 5% to existing inflation in Australia, our new modelling shows.

Radio France Internationale

The maritime passages with a chokehold on the global economy

The war in the Middle East has put the Strait of Hormuz in the spotlight. It is one of the world's maritime "choke points" – narrow passages on which global trade depends, putting them at the centre of geopolitical tensions.

The Guardian - UK

War in Iran erodes the chancellor’s headroom and exposes the UK’s fragility

Rachel Reeves boasts of the £23bn she has built up against her fiscal rules but now she – or any future steward of the economy – has little space to manoeuvre

The Independent UK

Worries about global economic pain deepen as the war in Iran drags on

U.S. and Israeli attacks on Iran have darkened the outlook for the world economy

MyLifeXP

Russia Stops Petrol Exports: Hidden Global Impact

A sudden decision. A ripple felt across continents. Russia’s move to halt petrol exports from April 1 has triggered concern far beyond its borders. On the surface, it seems like a step to control domestic fuel prices. But the reality is far more complex. When a major energy supplier tightens…

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