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The Latest Breaking News from Economic Growth

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

Bond yields are falling even as oil tops $102, showing that Wall Street fears recession more than inflation

“The risks to economic growth begin to take precedence over the risks to inflation,” Oxford Economics said in a note on Monday.

Fortune

Oman government takes over SalamAir, airlines to operate separately

Oman's government has acquired SalamAir, a move designed to enhance aviation sector efficiency and economic growth. Both Oman Air and SalamAir will continue as independent brands, with a focus on improved route coordination and optimized aircraft utilization. This strategy aims to strengthen connectivity and financial stability for both carriers.

The Times of India

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The Hidden Costs of Elizabeth Warren's 'Ultra-Millionaire' Tax

The Massachusetts senator fails to consider how her tax would harm middle class Americans and slow economic growth.

Reason

UK gets biggest cut to growth outlook this year among world’s major economies

The OECD published the biggest downgrade to the UK’s growth outlook for 2026 than any other country in the G20 group of economies.

Evening Standard

UK faces biggest hit to growth from Iran war of all major economies, OECD warns as inflation set to surge

Government urged to encourage homes and businesses to be more efficient with their energy usage

The Independent UK

UK faces weaker economic growth and higher inflation due to Iran war – OECD

The conflict has worsened the outlook for many of the world’s largest economies, the Organisation of Economic Co-operation and Development said.

Evening Standard

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Insolvencies at record highs, set to rise on Iran war

Australia's most essential industries are exposed to major risks from the ongoing conflict in the Middle East, as surging oil prices weigh on economic growth.

AAP

Why Are War-Torn Nations Happier Than India? What We’re Missing

It sounds contradictory at first. A country like India, growing rapidly and improving economically, ranks significantly lower in global happiness than nations dealing with conflict and instability. According to the World Happiness Report 2026, India stands around 116th with a life evaluation score of about 4.5, while Israel ranks within…

Times Life

Why ‘decoupling’ energy emissions from economic growth underpins the green transition

When people talk about tackling climate change, the images are often solar panels, wind turbines and electric cars. But the bigger question is whether economies can grow without releasing more carbon. This hinges on “decoupling” – the idea that economic growth can be separated from greenhouse gas emissions.

The Conversation

Voices: UK aid cuts are yet another setback in the fight against HIV and AIDS. They should be reversed

COMMENT: Effective HIV responses strengthen health systems, protect workforce productivity, and support the stable and resilient societies in which trade and economic growth can flourish, writes Mike Podmore

The Independent UK

Why NRIs Are Leaving India Again After Returning – Real Reasons Explained

In 2023 alone, over 9.38 million Indians returned to the country, a sharp rise from previous years, especially after the pandemic . Surveys also show that 60–80% of NRIs globally consider returning at some stage, particularly for retirement or family reasons . But beneath this strong “return to India” wave…

Times Life

“Investing in people, securing the future”: UAE launches Federal Budget Yearbook 2026 with AED92.4 billion plan

The UAE Ministry of Finance has launched the Federal Budget Yearbook 2026 under the theme “Investing in People, Securing the Future”, outlining how government spending will support social development, economic growth and long-term financial sustainability. The yearbook highlights a balanced federal budget of AED92.4 billion, reflecting the country’s focus on…

The Times of India

Brexit has not been good for Britain, says Reeves as she calls for closer EU alignment

As Britain battles flatlining economic growth and ongoing fears over the cost of living, Ms Reeves argued that closer ties with the EU is the ‘biggest prize’ economically

The Independent UK

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The Independent UK

China positions itself as force for global stability at its annual Congress

China is signaling it will stay focused on technology and economic growth, even as U.S. tensions with Iran rise

Evening Standard

Oil wars: West releases record 400 million barrels as Iran hits cargo ships in Strait of Hormuz

Meanwhile Tehran threatens to target banks and financial centres in Middle East as Chancellor Rachel Reeves issues warning on inflation and interest rates

The Guardian - UK

New Employment Rights Act ‘a huge boost for women in the workplace’

Government says new rights for parental leave and sick pay will increase equality and economic growth

The Conversation

Why unemployment – and bad jobs – carry hidden social and political costs

The outlook for job seekers in the UK appears to be taking a turn for the worse. Weak economic growth and continued uncertainty for employers have led to forecasts that unemployment will hit 5.3% this year.

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The Independent UK

Key takeaways from China's new 5-year economic blueprint and growth target

China has set an economic growth target at the slowest since 1991 at the opening of its annual national congress, in what some economists interpreted as a reflection of pragmatism as a weak domestic economy bites

The Independent UK

China sets a lower economic growth target of 4.5% to 5% for this year

China has set an economic growth target of 4.5% to 5% for this year, a slight decrease in the face of a prolonged property slump and other headwinds and global uncertainty

The Conversation

NZ wants to double foreign student revenue by 2034 – but does it have capacity?

On the face of it, New Zealand’s push to expand international education looks like an easy win for economic growth.

The Independent UK

Britain’s economic growth to be weakest in a century outside of pandemic and WWII, think tank warns

The UK’s top two economic think tanks – the Resolution Foundation and the Institute for Fiscal Studies – have issued dire warnings over economic growth and borrowing a day after Rachel Reeves delivered her spring statement

AAP

Election pledge to return water asset to public control

A state's key energy assets will be united under a government trust aimed at boosting economic growth, but the opposition says the proposal lacks detail.

AAP

Good news is bad news: GDP growth fuels inflation fears

Australia's economy expanded by 2.6 per cent over 2025, above Reserve Bank forecasts, raising fears of an impending interest rate hike.

Evening Standard

Reeves insists she has right plan despite economic growth forecast cut

The Office for Budget Responsibility slashed the growth forecast for 2026 and hiked its expectation for unemployment.

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