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The Latest Breaking News from Economy

‘We owe it to the next generation’ to get national debt under control, says think tank boss, as U.S. borrowing hits $1.2 trillion in just six months

“We can fight over who got the worst end of the shortest stick, but we clearly are doing a disservice to anybody participating in the economy in the future,” Michael Peterson, CEO of the Peterson Foundation, tells Fortune.

Fortune

‘Good for Russia, good for China, bad for America’: How the Iran war is reshaping global economies and power

Stagflation, unemployment, recession: The Iran war is rewriting the global economy, and the damage may be permanent.

Fortune

Inflation may jump by most in nearly four years as gas prices spike in wake of Iran war

Inflation probably rose to 3.4% in March compared with a year ago, economists estimate, which would be a sharp increase from February’s 2.4% increase

The Independent UK

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Is Australia at risk of a recession? Here’s what the data actually shows

Talk of a recession in Australia has picked up in recent weeks. Rising fuel prices, a sharp fall in consumer confidence, and signs of softer spending have all added to concerns the economy may be losing momentum.

The Conversation

Sadiq Khan demands stronger action on social media ‘outrage economy’

Mayor says disinformation, including about London crime rates, is ‘eating away at basic bonds of trust’

The Guardian - UK

Can Africa’s informal economy become the continent’s next investment frontier? {Business Africa}

Formalising Africa’s sizable informal sector: how an investment company is turning unreported consumer power into verifiable, high-growth portfolios. While Kenya’s housing faces crisis, a massive deficit of two million units persists despite the real estate sector’s 5.7% growth.

Euronews

IMF chief warns that Iran war will slow global economic growth

The Iran war is darkening the outlook for the world economy — whether or not a fragile ceasefire holds, the head of the International Monetary Fund warned Thursday

The Independent UK

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JD Vance’s claims about Orbán, the EU and Hungary fact-checked

US vice-president said bloc tried to ‘destroy’ country’s economy, despite it being a net recipient of EU funds

The Guardian - UK

Fact-checking JD Vance's claims that Brussels is 'harming Hungary'

Is Brussels crippling the Hungarian economy and making Budapest less energy independent? JD Vance’s speech in Budapest makes several misleading claims.

Euronews

The Death of the Bear Market: Why Classic Recessions Are a Thing of the Past and Inflation Is the New Norm

Is the bear market officially dead? Dive into a deep analysis of the post-2008 financial paradigm, where inflation serves as a permanent insurance premium for social stability. Learn how the inertia of the M2 money supply creates an inescapable trap for regulators and why buying the dip has become the…

Barchart

Head of IMF says Iran war will permanently scar global economy even if peace is reached

Kristalina Georgieva says even ‘most hopeful scenario’ will lead to growth downgrade and cause permanent hit to living standards

The Guardian - UK

The Middle East Paradox: How Global Energy Shocks Actually Benefit the U.S. Economy

While a protracted Middle East conflict threatens Eurasia with severe energy deficits, the U.S. economy stands to benefit. Backed by domestic energy self-sufficiency, America is positioned to attract a massive inflow of global capital and industrial relocation, turning a global crisis into a profound competitive advantage.

Barchart

US economy grew a sluggish 0.5% in fourth quarter, government says, downgrading previous estimate

The American economy, slowed by last fall’s 43-day government shutdown, grew at a sluggish 0.5% annual pace from October through December, the Commerce Department reported Thursday in downgrade of its previous estimate

The Independent UK

Stocks Slip Before the Open as Oil Rebounds Amid Fragile U.S.-Iran Ceasefire, PCE Inflation and GDP Data in Focus

June S&P 500 E-Mini futures (ESM26) are down -0.31%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.25% this morning as oil prices advanced amid waning optimism about the U.S.-Iran ceasefire.

Barchart

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Euronews

Fiscal discipline as Ukraine's real test on the road to EU membership

Fiscal discipline will be Ukraine's real test on the road to EU membership, writes Danylo Hetmantsev, chair of parliament’s finance, tax and customs committee, in an op-ed for Euronews. He argues that Ukraine has already shown it can turn shadow economy reforms into real revenue.

AAP

Famous vineyard region raided as black economy targeted

Vineyards and labour-hire companies who exploit vulnerable workers are being targeted by federal authorities cracking down on the black economy.

The Independent UK

Venezuelan acting President Delcy Rodríguez asks workers for patience and promises May wage increase

Venezuelan acting President Delcy Rodríguez has asked public and private sector workers for patience as her government works to improve the economy

The Conversation

How Australia’s mining sector locks women out of high-paying roles

Mining is a critical industry for the Australian economy and has the potential to offer secure, well-paid and meaningful careers.

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International Business Times

Billions Lost to Server Outages in 2025: Cloud Failures Cost Global Economy Hundreds of Billions

A cascade of major cloud and server outages throughout 2025 exposed the fragility of the world's digital infrastructure, with analysts estimating that unplanned IT downtime inflicted hundreds of billions of dollars in global economic losses as businesses, governments and consumers grew ever more reliant on always-on services.

Evening Standard

£30 million hit to London economy after Wireless Festival cancelled over Home Office Kanye West ban

The Finsbury Park festival was called off on Tuesday when the Home Office confirmed headliner Kanye West would be blocked from entering Britain

International Business Times UK

Big Tech Abandons Multi-Billion Dollar Data Centres in US as Investors Demand Energy, Water Usage

Global tech giants are abandoning multi-billion-dollar data centre projects across the US due to mounting environmental pushback. Investors are now demanding full disclosure of water usage and site-specific energy audits to mitigate ESG tech reporting risks. Learn how AI energy demand is reshaping the future of the digital economy.

The Conversation

Why Americans are buying $22 smoothies despite feeling terrible about the economy

Americans are skipping restaurant dinners, delaying car purchases and scouring for grocery deals. Amid tariff anxiety and broader stress over affordability, consumer confidence has dropped to levels not seen in over a decade, according to The Conference Board, a business think tank. At this point, it’s wealthier consumers who are…

The Independent UK

The used SUVs that hold their value best, according to Edmunds

Depreciation is typically unavoidable, but certain vehicles tend to hold their value better than others

Barchart

Dollar Edges Lower Ahead of Tuesday Night's Iran Deadline

The dollar index (DXY00 ) on Tuesday fell by -0.11%. The dollar was under pressure on Tuesday on concerns that the lingering Iran war could lead to a spike in energy prices that derail the economy. Losses in the dollar were limited after US Feb capital goods new orders nondefense...

Fortune

Sam Altman and Vinod Khosla agree: AI will break the economy. Their fix is no income tax for most Americans

The venture capitalist's proposal to eliminate income taxes for earners under $100,000 now has a powerful institutional ally—the most valuable AI company on the planet.

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