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The Latest Breaking News from Economy

UK to narrowly avoid recession and jobless rate to surge, Item Club warns

The independent forecasting group said interest rates will remain on hold in 2026 despite soaring inflation caused by the Iran war.

Evening Standard

The RBA’s policy deliberately creates unemployment. So why do we treat the jobless so badly?

The Reserve Bank of Australia (RBA) will look at the latest unemployment figures – 4.3%, roughly 650,000 people out of work – and see a labour market that is still “too tight”.

The Conversation

Canada's Doug Ford to sell $28.9 million private jet 'as quickly as possible' after facing scrutiny: 'Should fly economy like rest of us'

A costly government jet has quickly turned into a political headache in Ontario.

The Times of India

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Bank bosses called to meeting with Reeves over impact of Iran war on UK economy

HSBC, Barclays, Lloyds, NatWest and Santander will this week discuss with chancellor how to limit effects of conflict

The Guardian - UK

Labour’s ‘crabwise’ approach to closer EU ties must address damage of Brexit

The damage to the economy dwarfs the upsides from the various non-EU trade deals the UK has struck since 2016

The Guardian - UK

The economist who was terrified of AI just found a rare reason for hope

Alex Imas spent years warning AI could collapse labor markets and crater demand. But he's been working on a new theory about what could go right.

Fortune

Putin finally admits Russia's economy is in trouble and grasps for answers, after warnings about a financial crisis have been piling up

Putin revealed that GDP shrank by combined 1.8% in January and February, adding that manufacturing, industrial production, and construction were negative.

Fortune

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Pope Leo XIV Just Slammed Elon Musk: 'We're in Big Trouble' If He Hits $1 Trillion - But Why?

Pope Leo XIV has warned that Elon Musk's potential trillionaire status highlights a moral distortion in the economy, emphasising the growing wealth gap and questioning societal values.

International Business Times UK

What each party is promising in the Westminster council election

Labour, Conservatives, Reform and the Greens are all standing 54 candidates across the borough’s 18 wards

Evening Standard

Earth gets brighter every year but progression is volatile, study finds

Covid, light pollution regulations and faltering global economy affect location and intensity of brightness

The Guardian - US

Axios Live: Global economy should weather war-driven supply shocks, leaders say

Global economic uncertainty has risen due to the Iran war, but could ease if markets prove to be more resilient and less energy-dependent than in the past, an economic leader said.

Axios

Elon Musk's Mistaken Call for a 'Universal High Income'

AI will not create a jobless dystopia. Paying people a lot of money not to work would.

Reason

The bond market would be a big casualty of the U.S. debt crisis, former Treasury secretary says

“We need an emergency break-the-glass plan, which is targeted and short-term, on the shelf, so it’s ready to go when we hit the wall.”

Fortune

Tech Acquisitions Surge as AI Startup Acquisition Drives Big Company Strategies

Tech acquisitions surge as companies pursue AI startup acquisition to boost innovation, secure talent, and stay competitive in a rapidly evolving digital economy.

International Business Times

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Fortune

Tourism had a record-breaking 2025 everywhere but the U.S., report finds, as international visitor numbers plummet by the millions

Foreign tourists are big spenders for the U.S. economy. Even a World Cup might not be enough to bring all of them back.

Axios

The Strait of Hormuz is opening for business

The possibility of a prolonged disruption to the supply of crude oil, liquefied natural gas, fertilizer and other commodities looks to be off the table.

MarketBeat

Inflation Shock Ahead? Get Ready for Impact

An inflation shock is coming, but it may not be long-lived. The best thing for investors to prepare for is summer volatility - nothing new about that.

Fortune

If the economy feels even worse for you than inflation data is showing, that might be because childcare isn’t deemed a ‘necessity’

“The cost of childcare obviously impacts labor force decisions, and that in turn impacts labor growth as a whole,” a BofA economist tells Fortune.

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news in one place.

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The Guardian - UK

Cuts to overseas aid will worsen shocks to global economy, David Miliband says

Exclusive: Former UK foreign secretary says poor and rich countries alike will be hit amid humanitarian crisis sparked by Iran war

The Independent UK

Airline adding bunk beds for economy travelers but bans snacks, smells and cuddling

Air New Zealand will soon add triple-tier bunk beds for economy travelers to have a chance to sleep on long-haul flights

The Guardian - AU

Ukraine war briefing: €90bn EU loan for Ukraine to be released in second quarter

EU economy commissioner says Iran war is feeding Russia’s war machine; Trump condemns massive strikes on Ukraine. What we know on day 1,514

The Times of India

'Destroying New York': Trump slams NYC Mayor Zohran Mamdani’s tax plan

US President Donald Trump on Thursday criticised New York City Mayor Zohran Mamdani over his proposal to increase taxes on wealthy property owners, warning it could harm the city’s economy.

Fortune

Americans have never been this gloomy about the economy. Wall Street has never cashed in harder

“Stock markets respond to risks shifting around,” top economist Claudia Sahm told Fortune. “Households respond to reality.”

Fortune

As a small business owner, I never expected to pay $100,000 protecting my business from ransomware

This is a $131 billion tax on the American economy, spread across small business owners like myself.

The Independent UK

China speaks out as Iran war pressures start to hurt its bottom line

Experts warn a drawn-out Iran war will sap global growth and curb other nations’ ability to absorb Chinese exports

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