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The Latest Breaking News from Economy

Inflation, growth, rates all hinge on end to conflict

The central bank, which raised interest rates on Tuesday, has released its latest set of quarterly economic forecasts and the news is not great.

AAP

With no easy options, RBA raises interest rates for the third time to quell inflation

The Reserve Bank of Australia (RBA) has lifted the official cash rate by another 25 basis points, the third hike this year as it struggles to keep inflation under control.

The Conversation

Delta Airlines Food and Beverage Service Cut on 450 Flights — Here's Why Short Routes Are Losing In-Flight Service

Delta cuts food and drink service on 450 flights from 19 May 2026, ending economy refreshments on short routes under 349 miles.

International Business Times UK

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Economic growth forecast for island of Ireland despite fuel supply turbulence

EY has said events in the Middle East had ‘adversely affected’ Ireland’s inflationary outlook.

Evening Standard

Trump’s former AI czar says the quiet part out loud on the economy: ‘Stopping progress in AI would be equivalent to halting the US economy’

With across-the-board job growth yet to materialize, AI investment is propping up economic activity.

Fortune

U.S. Economy Could Face Demand Destruction Over Continued Economic Impact Of Iran War

A new report claimed that the continued impact of the Iran war will put the U.S. economy through demand destruction, a process in which prices rise so sharply that households and businesses are forced to change how they spend, work, travel, and invest.

International Business Times

Why the Spirit Airlines Shutdown Matters Even If You Never Flew With Them

Before you say "good riddance" to the nickel-and-diming carrier, here's how the Spirit Airlines Shutdown could impact your travel budget.

Kiplinger

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BofA throws cold water on AI apocalypse panic: 60% of today's jobs didn't exist in 1940

AI will reshape 840 million jobs, BofA says. That’s not the same as destroying them.

Fortune

America is lucky it’s no longer a manufacturing powerhouse—it’s what’s protecting the U.S. economy from the worst of the oil shock, top economist says

The U.S. has lost 35% of manufacturing jobs since its 1979 peak. Cornell economist Eswar Prasad said that’s not necessarily a bad thing.

Fortune

Goldman: AI will save the economy someday. First, it has to stop inflating it

The AI productivity boom hasn't quite arrived yet, but the inflation from building it has. Maybe Gen Z is onto something with their AI rebellion.

Fortune

7,000 Just Eat couriers launch legal action over worker status and pay rights

In a pivotal moment for the gig economy, thousands of Just Eat couriers in the UK are taking legal action to secure their rights as workers. They are demanding access to minimum wage and holiday pay through a tribunal set to decide if they are classified as employees or independent…

The Times of India

Wars destroy lives and the climate. Why aren’t we counting military emissions?

When delegates gathered for COP30 in Belém, Brazil in November 2025, they scrutinized various sectors of the global economy for their contributions to rising greenhouse gases. Agriculture, aviation, steel, cement — all were on the table. One topic not discussed was war.

The Conversation

’They know they’re safe’: 1,500 beagle dogs start new lives after being rescued from research lab

The rescue has been called a “landmark breakthrough for animal welfare”.

Euronews

3 Emerging Markets ETFs to Maximize Exposure to High-Potential Countries

ETFs focused on emerging markets can give concentrated exposure to fast-growing markets at a time when the U.S. economy's growth prospects may falter.

MarketBeat

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The Independent UK

Starmer accused of ‘unpicking Brexit’ as UK faces paying EU £1bn a year after ‘reset’

Prime minister says closer alignment to the EU’s single market will be in the national interest

The Guardian - UK

Self Driver review – cabbie who signs up for sinister app offers Travis Bickle take on the gig economy

A desperate driver joins a service that directs him down a shadowy path in this interesting, less-is-more satirical thriller

Euronews

When 2 million voices met one stage: How Shakira made music history in Copacabana

Rio de Janeiro once again turned Copacabana into the world's biggest stage. Shakira performed on Saturday in front of two million people in a free concert that the city's mayor described as historic and will generate some $155 million for the local economy.

The Times of India

Hidden for 1,000 years: Massive Viking silver coin hoard containing 3,000 coins discovered in Norway

Archaeologists in Norway have made a remarkable discovery that is now being described as one of the most significant Viking Age finds ever recorded. A large silver coin hoard, believed to contain around 3,000 coins so far, has been uncovered in a field in eastern Norway. Experts suggest that even…

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The Guardian - UK

Could Iran’s escalating economic crisis weaken negotiating position with US?

War has combined with battered economy to leave Tehran wondering how hardline it can afford to be

The Conversation

With a shrinking population, China needs new drivers of growth. Consumer spending has yet to fill the gap

China’s latest national accounts show the economy grew by about 5% through 2025 and into the first quarter of 2026, pointing to resilience despite ongoing trade tensions.

Fortune

As economic despair mounts, Russian official admits the country has had enough of Putin's war on Ukraine. 'We can’t even take one region'

“The overall mood is that’s enough already; you’ve been fighting for long enough.”

The Independent UK

Trump’s approval ratings plummet amid Iran war and sky-high gas prices, poll finds

A new poll found that 66 percent of Americans disapprove of Trump’s handling of the Iran war

The Guardian - UK

Investment or waste? How the M4 relief road plan for Newport sums up Wales’s economic quandary

As potentially seismic Senedd elections loom, competing parties have differing visions of how to reinvigorate the economy

Fortune

America's debt just hit a milestone not seen since WWII — and credit agencies are sounding the alarm

America's debt just surpassed the size of its entire economy. That could mean higher mortgage rates, costlier loans, and government spending ever more squeezed.

Fortune

Fed whisperer splits on Powell: A+ as steward, but ‘I don't think you could give him high marks on the economy’

"I think they made a lot of mistakes under his leadership, on the economics and the monetary policy."

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