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The Latest Breaking News from Economy

Mopane worm and termite sales relieve poverty in rural South Africa – studies explore the impact

South Africa’s Limpopo province borders Zimbabwe, Botswana and Mozambique. It is one of the poorest provinces in the country. This is due to a combination of historical underdevelopment, a high unemployment rate, heavy reliance on government grants and a rural-based economy with limited industrial diversification.

The Conversation

Charting the global economy: Euro area business activity sags

Euro area business activity contracted as the services sector weakened due to the Middle East war, while US retail sales surged, indicating a resilient consumer.

The Economic Times

Russia's economy minister admits 'reserves have largely been used up' while communist lawmaker warns of 1917-style revolution as GDP shrinks

"If you (the government) do not urgently adopt financial, economic and other measures, by ‌autumn a repeat of what happened in ⁠1917 awaits us."

Fortune

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read the most diverse news in one place.

TikTok creator payments UK: New debit card ends long wait for viral earnings

In a groundbreaking move for UK creators, TikTok and Visa have unveiled a debit card designed to accelerate access to earnings from Live streams and brand collaborations. Gone are the days of waiting up to a month for payments! This virtual card, seamlessly integrated into the TikTok app, is set…

The Times of India

Unlucky chancellor? Iran shock hits Reeves just as UK seemed to turn corner

The economy and public finances were on the right path, bond yields were falling, interest rates likely to drop further … then came the US-Israeli attack

The Guardian - UK

3 ‘Forever’ Dividend Stocks Income Investors Are Snapping Up in Trump’s Economy

Dividend investors are leaning on reliable income stocks with long-term staying power as market conditions shift under the Donald Trump administration.

GOBankingRates

ECB interest rate dilemma: Eurozone growth stalls as Iran war fuels inflation

The European Central Bank faces heightened uncertainty ahead of next week’s rate decision, with President Christine Lagarde warning the "stop-start nature" of the Iran war is making the economic outlook harder to assess.

Euronews

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Bank of England set to hold interest rates despite Iran war pushing up inflation

Economists have however suggested that continued inflationary pressure could lead to a rate hike in the summer.

Evening Standard

Food inflation may jump to 7% as energy prices rise, firms tell Bank of England

Bank officials also found that the conflict in the Middle East has ‘eroded’ confidence that the economy will improve.

Evening Standard

Feeling gloomy about the economy? The ‘vibecession’ has arrived in Australia – but experts are less worried

A poll shows most Australians think the country is either in a recession or will be soon. Economists have a different view

The Guardian - AU

I drove the BMW 550e for a week — and this sedan is the reason why all luxury vehicles should be PHEVs

I tested the 2026 BMW 550e for a week to see how well this plug-in hybrid electric vehicle performed and what advantages it offers in the gas-versus-electric conversation.

Tom’s Guide

How AI Models Are Quietly Taking Over Instagram Income

What if the influencer you are following, liking, and even subscribing to never existed at all? Sounds impossible but it’s already happening. A rising Instagram profile named “Vrutika Patel” has shocked the internet after users discovered that the beautiful lifestyle content creator is not a real person, but an AI-generated…

MyLifeXP

Temporary protected status holders in US add $29 billion to the economy every year and pay $8 billion in taxes

As the Supreme Court prepares to weigh the fate of TPS for Haitians and Syrians, a new report accounts for a demographic’s economic impact.

Fortune

Israel awaiting US green light to 'return Iran to Stone Age,' defence minister says

The war has spilled out of Iran and engulfed the region, leaving several thousand people dead, mainly in Iran and Lebanon, and continues to destabilise the global economy.

Euronews

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MarketBeat

More Than Just Dirt: Caterpillar Is the AI Stock Nobody Saw Coming

Caterpillar is transforming from an industrial leader into a key power provider for the AI data center boom and a pioneer in automation technology.

Fortune

Gig work is coming for nursing. It might mean below-minimum wage pay and AI surveillance

Nursing is tough work. The gig economy might make it even harder.

Reason

Trump's Illegal Tariffs Are Finally Being Refunded. Will You Get Any of the Money?

The burden of Trump's illegal tariffs was spread across the American economy. The refunds likely won't cover all those costs.

Euronews

Poland's growing role in the G20 global economic debate

Poland's participation in the G20 has become one of the key themes of the 18th European Economic Congress in Katowice. The government emphasised the success of the country's economic transformation and the growing importance of Poland on the international stage.

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International Business Times

Iran's Economy Buckles As Currency Slides And Oil Risks Escalate Amid Conflict

Mounting geopolitical tensions are amplifying Iran's economic instability, with ripple effects expected across global energy markets.

inkl

Scaling Up a Transport Business in Australia: What Every Owner Should Know Before Making Moves

The logistics industry in Australia is facing pressures – but positive ones. Demand continues to grow from various sectors including freight transport, construction supply chain management, and same-day last mile delivery services. All because of continued infrastructure spending and growth of the SME economy alongside e-commerce. Once a transport business…

Euronews

Iran war effects on Europe: Is a recession already unfolding?

The eurozone’s private sector slipped back into contraction in April, marking its weakest performance in nearly a year and a half since November 2024, as the war in Iran hit services and fuelled inflation.

Fortune

When interest on national debt overtook military spending, it triggered a limit where the U.S. may ‘cease to be a great power,’ warns Hoover historian

“The debt burden draws scarce resources towards itself, reducing the amount available for national security, and leaving the power increasingly vulnerable to military challenge.”

The Independent UK

Some key groups moved toward Trump in 2024. Here’s what they think now, according to AP-NORC polls

A new AP-NORC poll finds that many of the groups that helped elect Donald Trump as president again are deeply unhappy with his performance

The Independent UK

Small businesses and high street shops warned not to alienate disabled customers

Disabled households have a combined estimated contribution to the economy of more than £440bn per year

The Guardian - UK

What would a permanent ‘Tehran’s tollbooth’ on oil mean for the world?

Iran’s plan to extract a $2m payment from tankers using the strait of Hormuz could raise costs for years to come

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