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The Latest Breaking News from Economy

AI's memory chip shortage is quietly taxing the entire economy

AI's insatiable appetite for memory chips is crowding out all other buyers — and the consequences will ripple through every industry and household.

Fortune

'Europe must make itself heard' on Middle East war, says former EU commissioner

As EU leaders meet in Brussels for a high-stakes summit dominated by the war in the Middle East, Thierry Breton – former European commissioner for the Internal Market and France's former economy and finance minister – spoke to RFI about the current escalation and called on Europe to act in…

Radio France Internationale

BoE delivers message Britons don’t want to hear as inflation – and rates – look set to rise

Decision to hold interest rates is backed by gloomy assessment of economy as Iran war pushes up oil prices

The Guardian - UK

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I Asked ChatGPT Which States Are Ready To Face a Recession — The Answer Surprised Me

ChatGPT analyzed recession readiness by state, ranking North Dakota first while Colorado and Louisiana landed near the bottom due to weak fiscal reserves.

GOBankingRates

The New York Times Goes Against Marco Rubio's Rejection Of Cuba Power Shakeup Report: 'Received No Disagreement'

The New York Times replied to Secretary of State Marco Rubio over his rejection of a recent report claiming the Trump administration was seeking the removal of Cuban President Miguel Diaz-Canel as part of negotiations to open up the island's economy.

International Business Times

Five ways for motorists save on fuel and beat rising prices amid Iran War

There are several methods to enhance your car's efficiency and be more cost-effective

The Independent UK

Evaluating New Zealand As A Strategic Destination For Global Business Expansion

As global markets adjust to shifting supply chains and evolving inflation rates in 2026, the Asia-Pacific region remains a focal point for corporate expansion. Recent reports highlight more signs the NZ economy is turning the corner, making it an increasingly attractive and secure hub for foreign direct investment. With an…

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Grattan on Friday: Chalmers is trying to make economic uncertainty a springboard for reform

When he talks about the May 12 budget, Treasurer Jim Chalmers always stresses that what’s done on things like the capital gains tax discount will be a matter for cabinet.

The Conversation

India Overtakes Japan to Become World’s 4th Largest Economy, Now Targets No. 3 Spot

In a defining moment for India’s economic journey, the country has officially surpassed Japan to become the world’s fourth-largest economy, marking a major shift in the global financial order. This milestone is not just symbolic. It reflects years of steady growth, structural reforms, and rising global influence. With a nominal…

Times Life

Night buses will run to every Greater Manchester borough as Bee Network expands

Changes revealed by Andy Burnham to support night-time economy follow rapid growth in ridership

The Guardian - UK

Almost half of all Americans fear a ‘total economic collapse’ in the next 10 years, new poll shows

Many respondents believe the US economy is already in dire straits, the poll found

The Independent UK

New Zealand economy limps on with lacklustre GDP

New Zealand's fledgling economic revival, confirmed by fresh GDP figures, is at risk as supply chain disruptions push up inflation.

AAP

Trump Hit With Brutal CNBC Verdict As Experts Warn Of 'Worst Of Both Worlds' Crisis Brewing

Economists warn of potential stagflation in the US as inflation persists and growth slows. Tariffs and trade policies add to economic strain.

International Business Times UK

Fed leaves rates unchanged as Powell vows to stay on through DOJ probe

One Fed official dissented in favor of a quarter-point cut

The Independent UK

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Fortune

Jerome Powell says this economy isn't as miserable as the 1970s, but 'maybe that's just me'

The Fed chair was asked about stagflation fears but warned that repeated shocks—from tariffs to Iran—could begin to unanchor inflation expectations

Barchart

Goldman Sachs Just Issued a New Warning on the U.S. Economy — And It’s Not Just About Oil

The leading investment bank has cut its growth forecast and raised the probability of recession. That means some tough decisions ahead for the Federal Reserve.

Barchart

47 Years Ago, Warren Buffett Warned That the ‘Value of Dollars Seems Almost Certain to Shrink by the Day.’ What the Billionaire Got Wrong.

Warren Buffett warned in 1979 that the value of the dollar was "almost certain to shrink by the day." Here's what he go right — and what he got wrong — with his prediction.

International Business Times UK

Global Economy at Tipping Point as Iran War Oil Surge Sparks Financial Crisis Fears

Economists warn the Iran war oil surge could slow US growth and drive inflation, with ripple effects across food, energy and global markets. Fears of a wider economic crisis are growing.

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Euronews

Dire straits: The handful of marine choke points holding Europe's economy hostage

From the Persian Gulf to the English Channel, a small number of narrow waterways carry the vast bulk of what Europeans eat, buy, and heat their homes with. When one of them is threatened the consequences ripple everywhere.

Latin Times

Marco Rubio Rejects Report Claiming Trump Admin Is Seeking Ouster Of Cuban President: 'Continue To Rely On Charlatans & Liars'

Secretary of State Marco Rubio rejected a report claiming that the Trump administration is seeking the ouster of Cuban President Miguel Diaz-Canel as part of negotiations to open up the island's economy.

The Conversation

Why Europe’s ‘open’ economy of innovation is exposed to global trade shifts

Last month the European Commission unveiled its new “Made in Europe” targets, tying access to subsidies in clean technology heavy industry and carmaking to local production and stricter conditions on foreign investment.

Fortune

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.

Evening Standard

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

Euronews

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.

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