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The Latest Breaking News from Economy

US bans foreign-made internet routers over security concerns

Government agencies say consumer routers pose risk to ‘US economy, critical infrastructure, and national defence’

The Independent UK

UK manufacturers hit by sharpest rise in cost inflation since Black Wednesday in 1992

PMI figure reveals impact on economy of rise in oil prices driven by Iran war

The Guardian - UK

Energy price shock and interest rate rises could cause ‘pronounced’ UK recession, economist warns – as it happened

Morgan Stanley warns that UK could fall into a recession at the turn of the year, if energy prices remain high and Bank of England hikes interest rates

The Guardian - UK

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Leonid Radvinsky, Owner of OnlyFans, Dies at 43 — Net Worth, Family and Life Before Billionaire Rise

The life and legacy of Leonid Radvinsky, founder of OnlyFans, died at 43. His impact on the creator industry, his net worth and his private life

International Business Times UK

Australia has plenty of diesel for now. But running out could upend our economy

It’s been hard to ignore growing fears of a looming fuel shortage in Australia. Conflict in the Middle East has led to what the International Energy Agency has called the “largest supply disruption in the history of the global oil market”.

The Conversation

Northern Ireland Executive will continue to push for energy supports – minister

Stormont Economy Minister Caoimhe Archibald said the £17 million in supports for Northern Ireland was ‘clearly inadequate’.

Evening Standard

Alcoholic capitalism: How rum fuelled Canada’s early economy

With health-conscious young people drinking less than ever before, it’s interesting to look back to an earlier century when Canadians consumed more liquor — a lot more, in fact.

The Conversation

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The Surprising Industries Driving Growth in the Digital Economy

Digital technology shapes economic activity in almost every sector. Analysts often focus on software development, e-commerce, or financial technology when they discuss online growth. Yet several less obvious industries now generate strong momentum inside the digital economy. These sectors do not always receive the same attention as major technology firms,…

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Kevin O'Leary Predicts the Strait of Hormuz Crisis Will be Resolved in The Next 30 Days

Kevin O'Leary discusses the potential resolution for the Strait of Hormuz blockade and its impact on global oil prices and the US economy.

International Business Times UK

US-Iran War Costs Soar Past $25 Billion for America as Global Economy Reels from Oil Shock

The ongoing U.S.-led military campaign against Iran, now in its fourth week, has already cost American taxpayers an estimated $25 billion to $30 billion in direct military expenditures, with broader global economic damage mounting from disrupted energy supplies, surging oil prices and market volatility.

International Business Times

Trump Presidency in Peril as Inflation Forecast Shows Prices Surging Past 5%—Fuel Costs and Iran War Backlash Mount

Economic forecasts warn of US inflation surpassing 5% due to rising fuel costs linked to the Iran conflict, posing challenges for Trump's administration.

International Business Times UK

IEA: Global economy faces ‘major, major threat’ because of Iran war

War in the Middle East has 'severely' damaged more than 40 energy assets across nine countries, said the head of the International Energy Agency, as he warned of deepening risks to the global economy.

Euronews

Flying from the UK is about to get more expensive – particularly if you’re travelling long-haul

Air Passenger Duty changes will come into play on 1 April, with bigger increases for longer flights and private jets.

Euronews

We Know You Can Pay a Million by Anja Shortland review – the terrifying new world of ransomware

Criminals extorting money online have created huge businesses, complete with branding and HR

The Guardian - UK

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Radio France Internationale

Von der Leyen turns to Australia as EU steps up global trade push

European Commission President Ursula von der Leyen arrives in Australia on Monday aiming to revive long-running trade talks and strengthen ties with key partners in an uncertain global economy.

The Guardian - UK

Dow Jones Industrial Average posts best day since early February as hopes of Middle East de-escalation lift markets – as it happened

Investors are piling back into shares after US president extends Iran’s deadline to reopen strait of Hormuz, sending oil price down

The Independent UK

International Energy Agency head says global economy faces ‘major, major threat’ because of Iran war

The head of the International Energy Agency head says the global economy faces a “major, major threat” because of the Iran war

The Times of India

'Wouldn't be in business today without India': Why Germany is "desperate" for millions of Indians to save its economy

As elderly staff members retire and young candidates move to other sectors and roles, Germany has been facing a shortage of skilled workers so dire that the country is trying to alleviate the problem by calling for help outside its own borders. About 6,000km away from the mainland, in India.

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The Guardian - AU

New Zealand PM’s ratings dip as fragile economy fails to impress before November election, poll shows

National leader Christopher Luxon drops in preferred PM stakes with rise in people saying country heading in wrong direction

Fortune

As Trump eyes climactic battle for Hormuz, he could give Iran a 'taste of their own medicine' with a naval blockade that implodes the economy

"That might open up the Strait of Hormuz a lot faster than anything else."

The Conversation

In the next pandemic, NZ doesn’t need to choose between health and the economy

This time six years ago, as officials prepared to move New Zealand into lockdown, the public was suddenly introduced to the complex and somewhat bewildering world of pandemic modelling.

GOBankingRates

Retirees Who Drive SUVs Should Downsize To These 5 More Affordable Cars Instead

Downsizing from an SUV can help retirees cut fuel, insurance and maintenance costs—here are five affordable cars that offer comfort, safety and better value.

The Independent UK

Soaring gas prices threaten to wipe out Trump’s tax refund gains

Gas prices are likely to remain elevated for some time, as shipping and production disruptions will take time to recover

The Conversation

South Africa’s gig economy workers set to get more protection under planned labour law reforms

South Africa’s minister of employment and labour has published a sweeping set of proposed amendments to the Basic Conditions of Employment Act, the Employment Equity Act and the National Minimum Wage Act.

Fortune

The K-shaped economy has left many six-figure earners ‘on thin ice’ as housing costs, lifestyle creep, and the job market put them at risk

Many six-figure households earning more than $160,000 annually are “on thin ice,” while the income bracket below them are actually more “comfortable” thanks to their financial position.

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