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The Latest Breaking News from Economy

Is Kharg Island Iran’s Achilles Heel? Why Trump has designs on tiny oil hub in the Persian Gulf

IN FOCUS: The island holds 94 per cent of Iran’s oil exports and could choke off the country’s economy for years. Maira Butt and James C. Reynolds report

The Independent UK

The case of the missing Rs 80 lakh crore: Who shrunk India’s consumption economy?

On February 27, 2026, a new gross domestic product (GDP) series with 2022-23 as its base year was unveiled. This replaced the previous series with a base year of 2011-12. GDP is a measure of the size of an economy. The base year is a fixed year used to compare…

Newslaundry

Kharg Island, the fragile oil lifeline behind Iran’s war economy

A small island in the Gulf has become a flashpoint in the widening war involving Iran, the United States and Israel. Kharg Island handles almost all of Iran’s oil exports – making it a vital economic lifeline for Tehran.

Radio France Internationale

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Economy showed cracks pre-Iran attack, data shows

The economy was flashing stagflation signals even before the Iran conflict added an oil shock to the mix.

Axios

Cart of giant gold bars spotted in White House hallway during Donald Trump meeting. But why?

Massive gold bars, initially rumored to be seized from Nicolas Maduro, were displayed at the White House. The real story involves a new licensing deal between a Venezuelan state-owned mining company and Trafigura Group, aimed at re-integrating Venezuela into the global economy and boosting American industry.

The Times of India

US economy expanded at sluggish 0.7% in fourth quarter, government says, downgrading first estimate

The U.S. economy, hobbled by last fall’s 43-day government shutdown, advanced at a sluggish 0.7% annual rate from October through December, the Commerce Department reported Friday in a big downgrade of its initial estimate

The Independent UK

The executive driving AT&T’s $250B high-stakes bid to connect the AI economy

Jeff McElfresh is overseeing AT&T’s $250 billion effort to become an essential connectivity platform for the AI economy.

Fortune

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Gold Crash Alert: Why Prices Suddenly Fell Today

When global tensions rise, investors usually move toward safe-haven assets like Gold and Silver. That is why the recent market reaction surprised many observers. Even as tensions between Iran and Israel intensified, gold prices moved downward instead of rising. The April futures contract on COMEX dropped sharply, catching investors off…

MyLifeXP

Seven in 10 Americans say Trump tariffs have cost them more money

Exclusive survey finds negative economic impacts felt across party lines as White House doubles down on tariffs

The Guardian - US

Europe’s second chance on AI: building an opportunity in factories, labs, and the real economy

As the next AI wave unfolds, Europe’s position as a commercial first-wave AI laggard may actually prove to be a strength.

Fortune

Economy stagnates in January ahead of Iran war and fears over UK impact

Experts warned a prolonged Middle East conflict and an ongoing spike in oil prices could send the economy into reverse in 2026.

Evening Standard

Russia and Iran trying to ‘hijack the global economy’, Cooper rages

Oil price surges spark fears Putin could use outbreak of war to boost wartime economy

The Independent UK

Russia and Iran trying to ‘hijack global economy’, says Cooper

Iran’s new supreme leader has vowed to continue blocking the Strait of Hormuz in retaliation for ongoing US-Israeli strikes.

Evening Standard

Bleak economic data shows UK plc in trouble well before Middle East crisis

Zero GDP growth in January will not help Rachel Reeves claim she has put UK in position to weather oil price storm

The Guardian - UK

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Evening Standard

UK economy flatlined unexpectedly ahead of Iran war in blow to Rachel Reeves

The Office for National Statistics said there was zero growth in gross domestic product in January

The Independent UK

UK economy flatlines unexpectedly in January

The Office for National Statistics said there was zero growth in gross domestic product in January.

Evening Standard

FTSE 100 Live 13 March: Economy stalls, markets in red as Brent crude oil tops $100

A flat GDP figure for January today heightened fears over the impact of the Iran war on the UK economy.

The Independent UK

UK economy flatlined in January, figures show

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The Independent UK

UK economy failed to grow in January in blow for Starmer

The figures follow warnings that inflation could rise at the end of the year due to the US-Israeli war on Iran

The Guardian - UK

UK economy unexpectedly flatlined in January, official figures show

January’s GDP figure comes as higher energy prices look likely to drive up inflation, dashing hopes of interest rate cut

The Guardian - UK

Oil price shock likely to ‘push the UK economy into recession’; US growth revised down – as it happened

Surprise lack of growth in January as service sector stagnated, with falls in recruitment activity

The Guardian - UK

Everything is a political weapon since Trump’s re-election, says Germany’s ex-economy minister

Robert Habeck says world has moved on from weaponising energy to using tariffs, technology and more to inflict harm

Fortune

Goldman just raised recession odds to 25%. Here's what Trump's war economy is doing to jobs

Payrolls shed 92,000 jobs in February, openings keep falling, and Goldman says the breakeven rate isn't being met. The labor market is sending a warning.

The Conversation

Inside the Manosphere: Louis Theroux opts for superficial spectacle over serious scrutiny

The recent Netflix hit series Adolescence crystallised growing public concern about the proliferation of male supremacist beliefs targeted at young men. So Inside the Manosphere, Louis Theroux’s new documentary for the same platform, arrives at a critical moment in the masculinity debate.

The Independent UK

Digital pension transfers need shake-up to boost speed and help economy, say leading firms

Pension plumbing is “out of date” warn top providers

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