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The Latest Breaking News from Economy

Iran holding world’s economy ‘hostage’ with Strait of Hormuz closure – Cooper

Donald Trump insisted talks with Iran are ‘going very well’ despite little information being known about the negotiations.

Evening Standard

Forking out £2,000 one way in economy to Australia – is this the new normal?

TRAVEL INSIDER: In the latest Travel Insider newsletter, Simon Calder unpacks how global airspace upheaval is sending flights soaring to £2,000 to Australia, rerouting planes over unlikely regions and shaking up the future of travel

The Independent UK

How to Travel with Pets: New Airline Rules and Tips

Airlines have evolved in 2026 to accommodate pet parents better, with standout updates like Air India's "Paws on Board" now allowing cats and dogs up to 10kg (including carrier) in economy cabins across 80+ routes a big leap from prior 4kg limits and 72 hour notices. Booking is simpler at…

Times Pets

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Wall Street hits six-month low and Dow falls into correction as Trump ‘appears to lose his grip on markets’ – as it happened

Rolling coverage of the latest economic and financial news, as Brent crude trades over $110 a barrel for first time since Monday

The Guardian - UK

FTSE 100 Live 27 March: Retail pressure mounts, gilt yield at 18-year high

President Trump’s extension of Iran peace talks has failed to cool oil prices after Brent crude touched $110 a barrel.

Evening Standard

‘I’ll have to go home’: How India’s LPG crisis is pushing gig workers to the brink

Triggered by the conflict between Iran and the US-Israel alliance, an acute LPG shortage is placing a serious strain on India’s gig economy. As restaurants suspend operations or pivot to slower coal and electric stoves, food preparation has stalled – triggering a direct collapse in online order volumes.

Newslaundry

Rachel Reeves urged to raise taxes on companies profiting from Iran war

The price of oil has skyrocketed since the war in Iran began and the UK economy is predicted to see a drop in growth

The Independent UK

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Consumer confidence drops amid ‘ripple of fear’ about Middle East conflict

The consumer confidence index by GfK saw expectations for the general economy drop.

Evening Standard

UK consumer confidence plunges amid ‘twin threat’ fallout from Iran war

The consumer confidence index by GfK saw expectations for the general economy drop

The Independent UK

I went to CPAC and found Trump supporters unhappy about Iran, Epstein files and the economy, even while the fans at the MAGA conference celebrate his immigration policies

There is a pall over the Make America Great Again, or MAGA, movement. Donald Trump overpromised. His public support has fallen. Some “America First” die-hards now openly criticize him.

The Conversation

Could this energy crisis be worse for the global economy than COVID?

Despite reports of negotiations between the US and the Iranian regime, the Strait of Hormuz remains effectively closed to most oil tankers, with only a small number of vessels being allowed to pass. The result is a loss of roughly 11 million barrels per day (mbd) of oil and petroleum…

The Conversation

Spain's parliament approves €5 billion package to curb impact of war in Iran

The European Union's fourth-largest economy has in recent years registered growth rates far higher than its peers, notably thanks to domestic consumption, tourism and exports.

Euronews

Trump's war in Iran is costing the U.S. economy 10,000 jobs a month, Goldman Sachs says

The bank sees the Iran-driven oil shock stripping 10,000 jobs a month from U.S. payrolls through year-end. Leisure, hospitality, and retail are hit worst.

Fortune

Pension Schemes Bill clears third reading in House of Lords - what this means

The Pension Schemes Bill has cleared its third reading in the House of Lords, moving closer to becoming law. The legislation aims to enhance defined contribution pension schemes by offering more information, consolidating savings, and securing improved returns for members. A contentious aspect of the Bill is a reserve power…

The Independent UK

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Axios

Iran war will jolt U.S. inflation, new analysis finds

The OECD projects U.S. headline inflation will be 4.2% this year.

PC Gamer

Senator Bernie Sanders announces bill to pause US data center construction: 'AI and robotics will impact our economy, our democracy, our privacy rights... even our very survival as human beings on this planet'

'I fear that Congress is totally unprepared for the magnitude of the changes that are already taking place.'

Evening Standard

UK gets biggest cut to growth outlook this year among world’s major economies

The OECD published the biggest downgrade to the UK’s growth outlook for 2026 than any other country in the G20 group of economies.

The Independent UK

Primark, Magnum, Castrol... who’s next? Why Britain’s top brands are being sold or split by their owners

A weak pound and a sluggish economy mean some of our top brands are up for grabs

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Fortune

Rishi Sunak tells CEOs to move fast on AI—or risk landing on the wrong side of the K-shaped economy

Also: All the news and watercooler chat from Fortune.

The Guardian - AU

Australian growth forecasts slashed as global economy faces inflation spike

OECD says the Middle East war will test the world’s resilience with Australia expected to suffer from higher rates and inflation

The Guardian - UK

Middle East conflict will damage UK’s economy ‘more than any other’

Organisation for Economic Cooperation and Development says UK economy will grow by just 0.7% this year

The Guardian - AU

Auction clearance rate slumps to 57% nationwide as interest rate hikes prompt Australians to sell

Homebuyers lose confidence amid higher rates and Iran war-linked price rises across the economy, buyers agent says

The Independent UK

British consumer confidence plunges to record low as Middle East conflict fuels inflation fears

British consumers are anticipating rising costs over the coming months due to the Iran war

The Independent UK

Consumer confidence ‘collapses’ as Middle East war escalates

Consumer expectations of the economy over the next three months has fallen to its lowest level on record, the BRC and Opinium found.

AAP

Global group backs cuts, rate rises to curb inflation

Australia's inflation rate will peak higher than previously forecast, as surging oil costs cause consumer prices to increase, a Paris-based policy body says.

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