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The Latest Breaking News from Economy

How AI Models Are Quietly Taking Over Instagram Income

What if the influencer you are following, liking, and even subscribing to never existed at all? Sounds impossible but it’s already happening. A rising Instagram profile named “Vrutika Patel” has shocked the internet after users discovered that the beautiful lifestyle content creator is not a real person, but an AI-generated…

MyLifeXP

Temporary protected status holders in US add $29 billion to the economy every year and pay $8 billion in taxes

As the Supreme Court prepares to weigh the fate of TPS for Haitians and Syrians, a new report accounts for a demographic’s economic impact.

Fortune

Israel awaiting US green light to 'return Iran to Stone Age,' defence minister says

The war has spilled out of Iran and engulfed the region, leaving several thousand people dead, mainly in Iran and Lebanon, and continues to destabilise the global economy.

Euronews

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read the most diverse news in one place.

More Than Just Dirt: Caterpillar Is the AI Stock Nobody Saw Coming

Caterpillar is transforming from an industrial leader into a key power provider for the AI data center boom and a pioneer in automation technology.

MarketBeat

Gig work is coming for nursing. It might mean below-minimum wage pay and AI surveillance

Nursing is tough work. The gig economy might make it even harder.

Fortune

Trump's Illegal Tariffs Are Finally Being Refunded. Will You Get Any of the Money?

The burden of Trump's illegal tariffs was spread across the American economy. The refunds likely won't cover all those costs.

Reason

Poland's growing role in the G20 global economic debate

Poland's participation in the G20 has become one of the key themes of the 18th European Economic Congress in Katowice. The government emphasised the success of the country's economic transformation and the growing importance of Poland on the international stage.

Euronews

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Iran's Economy Buckles As Currency Slides And Oil Risks Escalate Amid Conflict

Mounting geopolitical tensions are amplifying Iran's economic instability, with ripple effects expected across global energy markets.

International Business Times

Scaling Up a Transport Business in Australia: What Every Owner Should Know Before Making Moves

The logistics industry in Australia is facing pressures – but positive ones. Demand continues to grow from various sectors including freight transport, construction supply chain management, and same-day last mile delivery services. All because of continued infrastructure spending and growth of the SME economy alongside e-commerce. Once a transport business…

inkl

Iran war effects on Europe: Is a recession already unfolding?

The eurozone’s private sector slipped back into contraction in April, marking its weakest performance in nearly a year and a half since November 2024, as the war in Iran hit services and fuelled inflation.

Euronews

When interest on national debt overtook military spending, it triggered a limit where the U.S. may ‘cease to be a great power,’ warns Hoover historian

“The debt burden draws scarce resources towards itself, reducing the amount available for national security, and leaving the power increasingly vulnerable to military challenge.”

Fortune

Some key groups moved toward Trump in 2024. Here’s what they think now, according to AP-NORC polls

A new AP-NORC poll finds that many of the groups that helped elect Donald Trump as president again are deeply unhappy with his performance

The Independent UK

Small businesses and high street shops warned not to alienate disabled customers

Disabled households have a combined estimated contribution to the economy of more than £440bn per year

The Independent UK

What would a permanent ‘Tehran’s tollbooth’ on oil mean for the world?

Iran’s plan to extract a $2m payment from tankers using the strait of Hormuz could raise costs for years to come

The Guardian - UK

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Euronews

Central Asia bets on ‘ecological solidarity’ as water crisis deepens

Beyond political signalling, the Regional Ecological Summit in Astana delivered tangible commitments. A total of 17 agreements worth over $2.3 billion were signed at RES 2026, with the bulk of investments channelled into renewable energy, waste management, and industrial decarbonisation.

The Guardian - UK

Iran war hurting UK economy as consumer confidence falls; BP’s new chair suffers investor revolt – as it happened

UK consumer optimism drops for third month running, as people grow more worried about the economy and their personal financial situation

The Independent UK

Russian oil to Slovakia resumes flowing through pipeline that crosses Ukraine

Slovak Economy Minister Denisa Saková says the flow of Russian oil to Slovakia through the Druzhba pipeline that crosses Ukraine has resumed

The Independent UK

Iran-US war latest: Trump announces Israel-Lebanon ceasefire extension after ruling out nuclear strike on Tehran

Trump dismissed the idea that he could use a nuclear weapon against Iran, branding the question ‘stupid’

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Evening Standard

Tehran in ‘weak position’, says White House as Iran tightens grip on strait

Despite an extended ceasefire, a stand-off over the critical shipping route continues to inflict pain on the global economy.

The Times of India

‘No reopening possible’: Iran rules out resuming Hormuz passage while US blockade persists

Iran declared that reopening the Strait of Hormuz is not possible as long as the US blockade of Iranian ports continues. Iran's parliament speaker, Mohammad Bagher Ghalibaf, said that any ceasefire between Tehran and Washington is meaningless unless the naval blockade and what he called the “hostage-taking” of the global…

The Independent UK

How Wall Street is setting records even with the Iran war still going on

It seems so illogical

The Times of India

10 largest landlocked countries in the world

The world identifies countries based on their coastlines or proximity to oceans. But in some cases, countries have no proximity to the ocean at all, and such countries are called landlocked countries. In simpler words, countries with no access to the ocean are termed landlocked countries. There are about 32…

Clever Dude

The Truth About Buying a Cheap BMW No One Tells You

Luxury for the price of a used economy car sounds like a financial win, and cheap BMW listings deliver that exact temptation. Sleek styling, strong performance, and that iconic badge make even a decade-old model feel like a steal at first glance. Many buyers jump in expecting premium driving without…

The Independent UK

‘Tube strikes this week will cost us tens of thousands’: Frustrated businesses warn of huge hit to London economy

Hospitality workers in the capital have seen a drop in footfall as customers are forced to work from home due to the strikes

Fortune

The internet isn’t just like real life, a top VC says—it is real life. For a16z, that’s not a philosophy, it’s an investment

A16z’s Erik Torenberg makes a sweeping argument, but he also challenges us to reconsider our definition of “real life.”

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