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The Latest Breaking News from Economy

US-Iran War Costs Soar Past $25 Billion for America as Global Economy Reels from Oil Shock

The ongoing U.S.-led military campaign against Iran, now in its fourth week, has already cost American taxpayers an estimated $25 billion to $30 billion in direct military expenditures, with broader global economic damage mounting from disrupted energy supplies, surging oil prices and market volatility.

International Business Times

Trump Presidency in Peril as Inflation Forecast Shows Prices Surging Past 5%—Fuel Costs and Iran War Backlash Mount

Economic forecasts warn of US inflation surpassing 5% due to rising fuel costs linked to the Iran conflict, posing challenges for Trump's administration.

International Business Times UK

IEA: Global economy faces ‘major, major threat’ because of Iran war

War in the Middle East has 'severely' damaged more than 40 energy assets across nine countries, said the head of the International Energy Agency, as he warned of deepening risks to the global economy.

Euronews

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Flying from the UK is about to get more expensive – particularly if you’re travelling long-haul

Air Passenger Duty changes will come into play on 1 April, with bigger increases for longer flights and private jets.

Euronews

We Know You Can Pay a Million by Anja Shortland review – the terrifying new world of ransomware

Criminals extorting money online have created huge businesses, complete with branding and HR

The Guardian - UK

Von der Leyen turns to Australia as EU steps up global trade push

European Commission President Ursula von der Leyen arrives in Australia on Monday aiming to revive long-running trade talks and strengthen ties with key partners in an uncertain global economy.

Radio France Internationale

Dow Jones Industrial Average posts best day since early February as hopes of Middle East de-escalation lift markets – as it happened

Investors are piling back into shares after US president extends Iran’s deadline to reopen strait of Hormuz, sending oil price down

The Guardian - UK

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International Energy Agency head says global economy faces ‘major, major threat’ because of Iran war

The head of the International Energy Agency head says the global economy faces a “major, major threat” because of the Iran war

The Independent UK

'Wouldn't be in business today without India': Why Germany is "desperate" for millions of Indians to save its economy

As elderly staff members retire and young candidates move to other sectors and roles, Germany has been facing a shortage of skilled workers so dire that the country is trying to alleviate the problem by calling for help outside its own borders. About 6,000km away from the mainland, in India.

The Times of India

New Zealand PM’s ratings dip as fragile economy fails to impress before November election, poll shows

National leader Christopher Luxon drops in preferred PM stakes with rise in people saying country heading in wrong direction

The Guardian - AU

As Trump eyes climactic battle for Hormuz, he could give Iran a 'taste of their own medicine' with a naval blockade that implodes the economy

"That might open up the Strait of Hormuz a lot faster than anything else."

Fortune

In the next pandemic, NZ doesn’t need to choose between health and the economy

This time six years ago, as officials prepared to move New Zealand into lockdown, the public was suddenly introduced to the complex and somewhat bewildering world of pandemic modelling.

The Conversation

Retirees Who Drive SUVs Should Downsize To These 5 More Affordable Cars Instead

Downsizing from an SUV can help retirees cut fuel, insurance and maintenance costs—here are five affordable cars that offer comfort, safety and better value.

GOBankingRates

Soaring gas prices threaten to wipe out Trump’s tax refund gains

Gas prices are likely to remain elevated for some time, as shipping and production disruptions will take time to recover

The Independent UK

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The Conversation

South Africa’s gig economy workers set to get more protection under planned labour law reforms

South Africa’s minister of employment and labour has published a sweeping set of proposed amendments to the Basic Conditions of Employment Act, the Employment Equity Act and the National Minimum Wage Act.

Fortune

The K-shaped economy has left many six-figure earners ‘on thin ice’ as housing costs, lifestyle creep, and the job market put them at risk

Many six-figure households earning more than $160,000 annually are “on thin ice,” while the income bracket below them are actually more “comfortable” thanks to their financial position.

Radio France Internationale

Dubai’s thriving global financial hub faces wartime stress test

In the space of just three decades, Dubai has built itself into one of the world’s major financial hubs – a magnet for global banks, investors and wealthy expatriates. But the war in the Middle East is testing that success, raising questions about whether the flows of capital, trade and…

Tom’s Guide

Forget BMW and Volvo — I drove the Hyundai Sonata Hybrid for a week and it’s the reason why luxury vehicles are overrated

The 2026 Hyundai Sonata Hybrid Limited offers the gas savings with its hybrid powertrain, while offering an insane amount of features that rival luxury vehicles.

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The Guardian - UK

‘The stakes are enormous’: how a prolonged Iran war could shock the global economy

Donald Trump’s ‘little excursion’ is likely to have long-term effects, from oil prices to inflation to growth, say experts

Budget and the Bees

5 Signs Your Marriage Has Quietly Turned Into a Business Transaction

Marriage should feel like a sanctuary where you find rest and emotional support. Lately, you might feel more like a project manager than a romantic partner. The shift from intimacy to logistics often happens so slowly that you barely notice it. It is not your fault that modern life demands…

Fortune

Costco CEO promises the $1.50 hot dog isn't going away: 'The price will not change as long as I'm around'

The $1.50 combo hasn't changed since 1985. In a K-shaped economy where everything costs more, that's not just a deal—it's a statement.

Fortune

We’re at risk of a two-tier AI economy if we don’t bridge the AI gender gap, expert says

Women are more skeptical of AI. Their hesitation will make AI safer, says Harvard researcher Mara Bolis.

The Independent UK

Democrats bashing Trump over the Iran war lean on a callback to Bill Clinton

ANALYSIS: Democrats still quote James Carville’s line, ‘It’s the economy, stupid’ ... because it’s true, Eric Garcia writes.

The Conversation

Yes, AI could boost productivity, but work is about more than maximising output

Worries about the British economy have long been dominated by one persistent concern – weak productivity. Since the financial crisis of 2008, growth has stagnated, leaving the UK trailing well behind the US, France and Germany across that whole period.

Fortune

Economists agree: You’re not crazy for feeling like the rich get richer, and the poor are doing worse. Welcome to the 'K-shaped economy'

What was a niche argument about five years ago is suddenly everywhere you look, and it’s taking on the shape of a letter with two jagged edges.

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