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The Latest Breaking News from Economy

Tax refunds and AI boom have offset some US economic pain from Iran war and high gas prices, so far

Americans are paying for the war in Iran with every visit to the gas station, but some of the damage to the U.S. economy is being offset — for now anyway — by big tax refunds and an investment boom driven by artificial intelligence

The Independent UK

A month ago, Trump told allies the Strait of Hormuz was not his problem. Now he’s begging them to fix it for him

Well, it's his problem now.

We Got This Covered

U.S. Economy Expands By 2% In First Quarter But Iran War Muddies The Outlook

The U.S. economy expanded by 2% in the first quarter of the year, rebounding after the last three months of last year's 0.5% increase.

International Business Times

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Why the AI Sector Needs a Cold Shower: Reconciling Investment with Consumer Reality

There's a critical disconnect between aggressive AI capital expenditures and the modest growth of global consumer purchasing power. While the first phase of the AI boom was fueled by an internal investment loop among tech giants, the industry now faces a "macroeconomic gravity" where astronomical valuations must finally be justified…

Barchart

U.S. economy grew 2% from January-March, recovering from federal shutdown; Iran war clouds outlook

The U.S. economy accelerated at the start of 2026, expanding at a modest 2% pace from January through March after recovering from last fall’s 43-day federal government shutdown

The Independent UK

This airline just launched Europe’s smallest free cabin allowance (and it's not a budget carrier)

Lufthansa’s latest no-frills offering takes air travel back to the very bare basics, but how does its cabin allowance stack up against those offered by other European carriers?

Euronews

Why Bank kept interest rates on hold despite message for UK to brace itself for Trumpflation

The reasons are hardly comforting, pointing to the weakness of a battered economy in the face of this latest crisis

The Guardian - UK

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I Asked ChatGPT: What Current Problems in the US Could Crash the Economy?

ChatGPT flagged high rates, rising debt, global conflict and shaky markets as pressures that could collide and tip the U.S. economy. Find out more now.

GOBankingRates

The global economy has a month—eight weeks at most—to avoid a recession, warns top economist

“The irony in all this is that the U.S., which started the war, does better in relative terms than anybody else because of its energy supplies.”

Fortune

Inflation hits 3% in Europe as Iran war spreads oil price shock

Soaring oil prices from the Iran war pushed inflation higher to 3% in Europe in April

The Independent UK

Thom Tillis: Free markets built American prosperity. Government intervention puts it at risk

Price controls, patent seizures, and institutional investment bans will undermine the very system that made America the world's most dynamic economy.

Fortune

French growth stalls as Iran war energy shock hits economy

France's first-quarter data shows slowed growth, rising prices and collapsing exports, laying bare how quickly the Iran war's energy shock is feeding through to Europe's second-largest economy.

Euronews

Why These New Amrit Bharat Trains Matter More

What if traveling across states became easier, cheaper, and more connected than ever before? For millions, long-distance journeys are not just about reaching a destination they carry emotions, responsibilities, and dreams. Whether it’s work in a new city, visiting family, or seeking spiritual peace, every journey matters Now, something has…

MyLifeXP

Why is Britain’s economy so stuck? It’s the tension between what voters want and what the bond markets allow

There is no such thing as the Bond Dealers party, but there might as well be – the people who trade in UK debt exert a stranglehold over our politics, says Guardian columnist Larry Elliott

The Guardian - UK

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The Guardian - UK

Rising costs forcing 3m UK households to skip meals, Which? report finds

Consumer insight tracker shows 85% are worried about food prices and a majority think the economy will deteriorate

Euronews

Wraparound screens, work pods and relax rows: New airline innovations shaping the future of flying

A look at some of the proposed in-flight concepts and technologies that could soon take the air travel experience to new heights.

The Times of India

'Our bill has reached $800 million': Shehbaz Sharif says US-Iran war causing major economic blow to Pakistan

Pakistan's economy has been severely impacted by the US-Iran war, with oil import bills skyrocketing and economic progress stalling. Prime Minister Shehbaz Sharif stated that Islamabad will continue its efforts to mediate and restore peace in West Asia, highlighting recent diplomatic breakthroughs and planned future talks.

Fortune

Hilton CEO says the middle class is back. His competitors disagree

Hilton is the contrarian in a travel and hospitality sector that has been leaning into luxury as its primary growth engine.

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news in one place.

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The Independent UK

Democrats hold a huge edge over Republicans in polling ahead of the midterms

Generic ballot advantage grows to double digits as Trump’s ratings on economy, immigration and foreign policy crater

The Guardian - UK

A bathroom for every passenger! Welcome to future of air travel – if you’ve got £13,000 to spare

You already get extra legroom and all sorts of goodies if you travel first class. Soon you won’t even have to queue for the toilet

Barchart

The 228% Reality Check: Why the Stock Market Is Demanding the Impossible from AI

The stock market has detached from fundamental reality, pushing the Buffett Indicator to a staggering 228%. Regardless of how stellar Big Tech's Q1 earnings are, the math of macroeconomics guarantees an inevitable landing for overheated AI expectations.

Evening Standard

Bank of England poised to hold interest rates steady despite inflation rise

But experts have said a hike could remain on the horizon if the conflict continues to put pressure on UK inflation.

TechRadar

'The creatives are about to become more powerful than anyone expected': Freepik's relaunch marks a wider industry shift to all-in-one AI-driven content creator software — and lowering the barrier of creativity means beginners have never had it so good

CEO heralds the "no-collar economy" as rebranded creative platform hits $230 million in annual recurring revenue.

International Business Times

Iranian Currency Plunges To Record Low As Economy Remains Under Strain Due To The War

Iran's currency plunged to a record low on Wednesday as economic strain from its war with the U.S. and Israel continues.

The Guardian - UK

UK firms in ‘critical financial stress’ jump by a third as costs rise, report finds

Insolvency firm points to tax rises, staff costs and shaky consumer confidence after number increases to 62,193

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