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The Latest Breaking News from Economy

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.

International Business Times · Apr 8

£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

Evening Standard · Apr 8

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.

International Business Times UK · Apr 8

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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 Conversation · Apr 8

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

The Independent UK · Apr 8

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...

Barchart · Apr 7

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.

Fortune · Apr 7

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Top economist Mark Zandi says the indicator that has called every recession since WWII just signaled we're already in one

The Vicious Cycle Index is a recession indicator that takes labor force participation changes into consideration. The top economist at Moody’s Analytics said it’s flashing red.

Fortune · Apr 7

OpenAI says AI could mean a 4-day week ‘with no loss in pay’ — but warns jobs and wealth are at risk

OpenAI says AI could bring a four-day week — but only if governments reshape the economy to share the gains

TechRadar · Apr 7

Dollar Slightly Lower Ahead of Tonight’s Iran Deadline

The dollar index (DXY00 ) today is down by -0.04%. The dollar is under pressure today on concerns that the lingering Iran war could lead to a spike in energy prices that derail the economy. Losses in the dollar are limited after US Feb capital goods new orders nondefense ex-aircraft...

Barchart · Apr 7

War in the Middle East Spells Higher Inflation for U.S. Consumers

The economy can probably withstand the jump in fuel costs, but prices figure to rise faster, straining many budgets.

Kiplinger · Apr 7

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 · Apr 7

Robot taxes, four-day work week: Inside OpenAI’s plan for an AI-driven economy

The company believes that AIs will soon become smarter than humans, which will have a drastic effect on how people work, live and pay taxes.

Euronews · Apr 7

Venezuela's Economy Gains Speed After U.S. Intervention But Oil Alone May Not Secure Recovery, Analyst Claims

The economy of Venezuela is accelerating in the wake of former President Nicolás Maduro's capture by the U.S., with economists now projecting a stronger-than-expected expansion in 2026.

International Business Times · Apr 6

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Evening Standard · Apr 6

Scottish Tory manifesto to launch with focus on tax and cutting benefits bills

Scottish Conservative leader Russell Findlay is set to make a speech in Edinburgh on Tuesday.

The Conversation · Apr 6

By avoiding means testing, the government is giving handouts to the rich

Australia is a global success story. The structural reforms in the 1980s and ‘90s of liberalising trade, floating the dollar and reducing government involvement in the economy ignited an unprecedented period of growth. What followed was almost 30 years of uninterrupted economic growth and a substantial increase in living standards.

Fortune · Apr 6

Jamie Dimon defends the U.S. war on Iran—and warns it’s pushing the economy into uncharted territory

In prior years, the JPMorgan CEO warned about economic hurricanes and banking crises. This year, it’s about the unraveling global order itself.

International Business Times · Apr 6

Global Economy Faces Intensifying Pressure Due To Continued Strait of Hormuz Disruption

Markets and businesses worldwide face mounting challenges as prolonged shipping disruptions push up costs and tighten trade and financial conditions.

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Salon · Apr 6

Iran is breaking Trump's spirit

The war is getting in the way of the president's race-baiting and revenge campaigns

Euronews · Apr 6

Why are we taxed to fly? Europe’s aviation levies explained

Airfare pricing is no simple business. From dynamic ticketing, to government policies and shifting global factors, what passengers end up paying can be highly unpredictable.

GOBankingRates · Apr 6

5 Times When Dining Out Is Actually Worth It in This Economy

Here are five times dining out can make financial sense in today's economy.

Euronews · Apr 6

€500 billion-worth European data economy troubles continue

As AI grabs the spotlight, Europe’s data economy still powers billions in value, yet fragmented GDPR enforcement continues to hold innovators back. The Digital Omnibus was meant to help, but the EU now risks retreating from even modest reform.

Fortune · Apr 5

Even if Iran’s regime outlasts Trump, it may not survive reconstruction of the shattered economy, Mideast expert says

The scale of reconstruction required “will put pressure on the very patronage system that has helped hold the regime together.”

The Conversation · Apr 5

Farmers are boosting their profits and production – with nature’s help

Farming is a vital industry, contributing an estimated A$100 billion to the Australian economy this year alone.

The Guardian - UK · Apr 5

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

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