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The Latest Breaking News from Economics

Reform making ‘fake promises based on fantasy economics’, union boss warns

STUC leader Roz Foyer also described the feud between Scottish Labour and Reform as a ‘psychodrama’.

Evening Standard

Why doesn't Canva just use GPT, Claude, Gemini...?

Training and using its own models is actually good economics for Canva, and it means you can get its design tools for less.

TechRadar

Germany cuts fuel tax as oil prices surge on Iran blockade

Following tense exchanges between Economics Minister Reiche and Finance Minister Lars Klingbeil, the government held talks over the weekend. Will the coalition succeed in easing the burden on citizens, or will it collapse?

Euronews

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The Egg Price Paradox Why Carton Prices Dip After the Holiday Peak

Tracking the cost of a dozen eggs requires an understanding of basic economics and agricultural biology. Shoppers watched egg prices surge aggressively in the weeks leading up to Easter. Consumers paid premium prices for standard white cartons. Immediately following the holiday weekend, a strange retail phenomenon occurs. The price of…

Grocery Coupon Guide

Could revisiting Asimov’s laws help us avoid AI’s ‘Chernobyl moment’?

The conflict in Iran – but also the war in Ukraine – show not only that AI is radically changing the economics of war (which may be good news), but also that we may be heading towards some kind of “Chernobyl moment”. We may soon experience a disaster that will…

The Conversation

OpenAI Shutters Sora: A Win for Meta Platforms Amid a Rocky Stretch

OpenAI’s Sora shutdown highlights why AI-only video apps struggle to scale, while Meta’s Reels benefits from mixing AI and human content in an existing ad engine.

MarketBeat

Anthropic economics chief talks about the jobs that could be killed by AI

Everything you need to know before you reach the office this morning.

Fortune

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Higher energy costs from Iran war could threaten fragile economics of AI boom

Industry with business model not yet firmly established and investments financed by huge debts is particularly at risk

The Guardian - UK

God on their side, the bill on ours: Counting the real cost of the war in West Asia for India

With guns in their hands and God on their side – Bob Dylan John Mearsheimer writes in The Tragedy of Great Power Politics: “States rarely go to war unless they think that rapid success is likely.”It has been more than a month since Benjamin Netanyahu and Donald Trump started the…

Newslaundry

Why are energy, petrol and mortgage prices so high right now?

An economics professor explains why certain essential bills are spiking and if there’s anything we can do to combat them.

The Independent UK

Trump’s war with Iran could see fuel rationing and global recession within months, experts warn

Prolonged disruption would slow world GDP growth to 1.4 percent in 2026, Oxford Economics warns

The Independent UK

This is what a fossil-fuel shock looks like. The UK must adapt its energy system – and quickly

The Iran war will hit food prices, fuel costs and interest rates. But we could could turn this crisis to our advantage, says Chaitanya Kumar of the New Economics Foundation

The Guardian - UK

The $300 Billion Reckoning: Aldo Vidinha on Pharma's Steepest Patent Cliff

Between 2025 and 2030, the pharmaceutical industry faces its most dramatic patent cliff in history, with up to $300 billion in branded drug revenues exposed to generic competition. The upheaval will reshape healthcare economics, force strategic pivots at the world's largest drugmakers, and—if managed correctly—dramatically expand patient access to life-saving…

Medical Daily

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

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The Conversation

The economics of war extend far beyond energy prices and stock markets

In the aftermath of the 2008 financial crisis, student groups pushed for curriculum change in economics. They wanted to learn about real-world economics beyond the stylized models that embroil students in mathematics.

Fortune

One AI bubble has already burst. The next one—a 'rare' kind—is still growing, economist warns

Capital Economics’ John Higgins noted the price-earnings ratio has already collapsed from its peak—but there’s another metric that hasn’t.

The Guardian - UK

Schools in England must be compelled to offer pupils healthy food, not junk

School dinners have suffered at the hands of politics and economics for almost 50 years

TechRadar

'A sophisticated threat that is quietly reshaping the economics of digital fraud': How hackers are employing virtual cloud phones to power major scams

Cloud phones are the latest tool to be used against banking app users and the security community should take notice.

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news in one place.

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The Times of India

China’s 134-kilometre canal: The bold project that could rewrite global trade routes

China is currently undertaking a massive infrastructural project, which involves the construction of an 83-mile (approximately 134-kilometre) canal that will enable the direct connection of the interior of the country to the sea. This massive infrastructural project, which has been likened to the Pinglu Canal, is part of the long-term…

International Business Times UK

AI's Growing Cost Problem: How Infrastructure Economics Will Shape the Market's Next Phase

The next phase of AI will be defined less by model breakthroughs and more by the economics of compute infrastructure.

Fortune

The U.S. has the world's most advanced military, but the unforgiving economics of wars in Iran and Ukraine show quantity has a quality all its own

"The future of warfare is Ukraine producing 7 million drones per year right now," former CIA director and retired Gen. David Patraeus said.

The Guardian - UK

We can tell you who will really get rich from this oil crisis – and how we can stop them

Soaring oil costs signal the great transfer of wealth away from households, but also a new opportunity to redistribute it, say economists Isabella Weber and Gregor Semieniuk

Evening Standard

Polanski calls for UK to replace ‘failing’ budget rules with ‘fiscal referees’

The Green leader gave his biggest policy speech since he took the party’s reins.

The Guardian - UK

The Guardian view on Adam Smith: he deserves rescuing from the free-market myth

Editorial: On the 250th anniversary of The Wealth of Nations, the Scottish philospher is still invoked by the right. Yet he worried about inequality, monopoly and the power of wealth

The Independent UK

War with Iran delivers another shock to the global economy

The war with Iran is doing collateral damage to the world economy

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Ayatollah Ali Khamenei

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