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The Latest Breaking News from Economy

Economists are loathe to mention recessions, but odds just hit 49% for the next 12 months according to Moody’s top economist

"If oil prices remain elevated for much longer (weeks and not months), a recession will be difficult to avoid," Zandi said.

Fortune

Polanski calls for UK to replace ‘failing’ budget rules with ‘fiscal referees’

The Green leader gave his biggest policy speech since he took the party’s reins.

Evening Standard

Is the luxury market finally taking mothers seriously?

From skincare and fashion to pelvic floor health and wellness clubs, motherhood is growing into one of luxury’s most significant sectors, says Katie O’Malley

Evening Standard

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Moody's says a US recession is increasingly 'hard to avoid' amid Iran war

Moody’s Analytics model forecasts a 49% chance of a US recession in the next 12 months, the closest probability in years.

Euronews

'The Ultra-Rich Are Worried': Wealthy Expats Flee Dubai for Switzerland as War Fears Grow and Fortunes at Risk

Amid rising US-Israeli tensions with Iran, wealthy expats shift fortunes from Dubai to Switzerland for security, impacting Dubai's economy and boosting Swiss banks as safe havens.

International Business Times UK

Isolated and exposed: can New Zealand’s fragile economic recovery withstand the global oil shock?

New Zealand economic growth tipped to overtake Australia’s this year but Middle East conflict casts a shadow over outlook

The Guardian - AU

Trump’s top advisor dismisses fears Iran war could impact the economy: ‘The last of our concerns right now’

Hassett insisted Tuesday he was ‘highly confident that we’ve got this thing under control’

The Independent UK

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US drivers see gas prices jump to their highest level since 2023 as the Iran war drags on

The Iran war has rattled the global flow of oil, with steeper fuel costs already straining households worldwide

The Independent UK

McDonald's newest $3 value menu is sounding an alarm about America's K-shaped economy

The fast food giant's affordability push comes as lower-income consumers pull back on spending.

Fortune

Billionaire says US wealth inequality is 'completely unsustainable as a society'

Most indicators for the U.S. economy were relatively good last year, but not many Americans feel that way.

Fortune

As war raises oil prices, households pay while energy companies profit

War is costly. The ongoing American-Israeli war on Iran is already reverberating through the global economy. For most people, including American citizens, it means higher fuel prices and greater economic uncertainty.

The Conversation

Starmer says 'we can't lose focus' on Ukraine amid Iran war during Zelenskyy visit

Zelenskyy's visit comes at a time when the Iran war has revived Russia’s ailing economy through increased oil revenue and scuttled US-brokered talks to end Russia’s invasion of Ukraine.

Euronews

5 Legit Ways to Earn Grocery Gift Cards This Month

Finding extra room in your monthly budget to cover the rising cost of basic food items is a massive challenge for most families. When the price of milk and eggs continues to fluctuate, you need creative ways to offset your weekly supermarket receipt. Fortunately, the digital economy provides several highly…

Grocery Coupon Guide

Australian households fear double whammy of rate hikes and higher petrol prices will lead to recession

Borrowers face losing hundreds of dollars a month in higher repayments and rising pump rices will add to the pain, economists warn

The Guardian - AU

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Fortune

A market correction of 10% could be on the cards as consumer psychology shifts due to gas prices, says top economist

"The key issue is not simply crude oil itself. It is gasoline, the most visible price in the economy for consumers, and when that price jumps it hits psychology immediately."

Tom’s Guide

I thought Buick was dead, but the Envista gives other SUVs a serious run for their money

This zippy SUV is full of surprises

Evening Standard

Minister plays down job losses as Chancellor prepares to commit to AI drive

Rachel Reeves is expected to pledge the UK to ‘the fastest AI adoption in the G7’ in an annual lecture in the City of London on Tuesday.

Roll Call

Texas Democrats bullish about winning back Latino voters - Roll Call

Texas Republicans' redraw of the congressional map is running headlong into a Latino electorate disgruntled with Trump and the economy.

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The Conversation

RBA narrowly votes to lift interest rates. The Middle East war may determine if there’s more to come

The Reserve Bank of Australia (RBA) has lifted official interest rates for the second time this year as it struggles to bring inflation under control, saying inflation is “likely to remain above target for some time”.

The Independent UK

Reeves to push for ‘deeper relationship with the EU’ as she makes major AI pledge

Chancellor to push for stronger EU ties in bid to grow Britain’s economy

The Conversation

Real estate powered Dubai’s rise as a magnet for expats. Can its brand survive this war?

Once a small fishing and pearling village, Dubai has grown to become a major financial, commercial and tourism hub in the Middle East.

Fortune

Ray Dalio sees a pattern that shows China killing America's economy. This 2,000-year chart explains why

A Bank of America Institute analysis of 2,000 years of GDP data reframes American exceptionalism — and points toward what comes next.

Euronews

‘Iran must not be allowed to hold global economy hostage,' UAE minister tells Euronews

UAE Minister of State Lana Nusseibeh sent a clear message to EU governments in a Euronews interview, stating that stability in the region is closely tied to Europe’s own economic and security interests.

Fortune

There's an oil price scenario that would bring the US economy to a 'standstill;

Higher-for-longer oil prices would lead to economic spillover effects that are much harder to control.

The Guardian - UK

Iran’s Hormuz blockade is its most powerful card against Trump and Israel. It won’t back down easily

By imposing massive costs on the global economy, the Iranian government hopes to cause the US to back down, says Jack Watling of the Royal United Services Institute

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