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The Latest Breaking News from Economy

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.

International Business Times

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.

Euronews

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.

GOBankingRates

From analysis to the latest developments in health,
read the most diverse news in one place.

€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.

Euronews

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.”

Fortune

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 Conversation

Zelenskyy warns US-Iran war could divert critical aid from Ukraine

President Zelenskyy has warned that a prolonged US-Israeli war with Iran is threatening the supply of vital Patriot missiles and boosting Russia’s economy through surging oil prices.

Euronews

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Labor market turns upside down as the economy can shed jobs and still keep unemployment low amid immigration reversal

“Real-time data point to an important change in the U.S. labor market: The benchmark for evaluating payroll growth has moved significantly.”

Fortune

Cubans study oil tanker diplomacy for signs of progress in secret talks with US

Despite hostile rhetoric Trump let a Russian ship break his blockade – could it herald a Venezuela-style outcome?

The Guardian - US

Five EU ministers call for new windfall tax on energy profits amid price surge

Economy and finance ministers from Italy, Germany, Spain, Portugal and Austria are asking the EU for a tax on energy surplus profits to curb price increases.

Euronews

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

A Yale economist says AGI won't automate most jobs—because they're not worth the trouble

Pascual Restrepo's new NBER paper argues it's not about what AI can do. It's about what AI will bother doing—and most human work doesn't make the cut.

Fortune

Iran’s Revolutionary Guard would fiercely resist a US ground invasion. History proves it

The Iranian Revolutionary Guard Corps (IRGC) has long exerted a strong, often underestimated power in the Middle East. With around 190,000 members, plus an estimated 450,000 reserves in the Basij paramilitary, the largest component of Iran’s Armed Forces also controls much of the country’s politics, intelligence and economy.

The Conversation

The jobs report looks good ‘for the wrong reasons,’ top economist warns: It’s hiding how many Americans are giving up

The strong March number takes rate cuts off the table, and lets the Fed focus squarely on inflation.

Fortune

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The Times of India

When US and Iran joined hands against Israel: Why Hormuz blockade brings back memories of 1956 Suez crisis

Iranian blockade of Strait of Hormuz and the heavy price that global economy is paying these days bring back dark memories of a similar crisis that had enveloped the world nearly a decade after World War II had ended: the shutdown of the Suez Canal in the wake of a…

Axios

U.S. economy adds stronger-than-expected 178,000 jobs in March

The report indicates a steadying labor market as the Iran war injects fresh uncertainty into the economic outlook.

The Independent UK

Iran trying to ‘hold the global economy hostage’, Yvette Cooper says

IN FULL

International Business Times

America's Energy Independence: The Economic Story Behind The Iran Conflict

Rising oil prices from Iran tensions are cushioned by U.S. energy independence and growing Western Hemisphere supply, limiting long-term impact on consumers and the broader economy.

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Capital & Main

A Drying Colorado River Threatens Imperial Valley’s Future

Declining flows and the warming climate imperil farms, green energy projects and the economy of one of California’s poorest counties.

Evening Standard

Iran could face further sanctions if Strait of Hormuz remains closed – Cooper

Yvette Cooper accused the country of trying to ‘hold the global economy hostage’.

Fortune

How the Iran war adds to the U.S. K-shaped economy through higher gas prices

Americans could be on the hook for an extra $8 billion in gas prices, and some families will feel it more than others.

Evening Standard

Cooper: Iran to face ‘every diplomatic, economic measure’ over Strait of Hormuz

The Foreign Secretary condemned Tehran for ‘seeking to hijack the global economy’ with its attacks on oil shipping.

International Business Times UK

Donald Trump Approval Hits Record Low as Majority of Americans Sour on Iran War and Economy

Donald Trump's approval rating has dropped to some of the lowest levels of his second term, as new polls show Americans turning against his handling of the Iran war and the economy. Support is softening even among core Republican and 'MAGA' voters amid rising fuel prices and market jitters.

The Conversation

Could the Middle East conflict open the door to price controls? Here’s how it works in Greece

The US-Israel war with Iran has sent shockwaves through the global economy and predictions of COVID‑era inflation are becoming hard to ignore. In many countries, these pressures are already being felt, as households struggle to afford essentials.

Euronews

Azerbaijan-European Union Relations: Current State and Prospects

Whether in politics, the economy or energy security, relations between Azerbaijan and the EU have been developing dynamically, writes Dr. Matin Mammadli in an opinion piece for Euronews. Increased investment, technology transfer and visa facilitation would further strengthen these ties.

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