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The Latest Breaking News from Economy

Zelenskyy warns US-Iran war could divert critical aid from Ukraine

President Zelenskyy has warned that a prolonged US-Israeli war with Iran is threatening the supply of vital Patriot missiles and boosting Russia’s economy through surging oil prices.

Euronews

Labor market turns upside down as the economy can shed jobs and still keep unemployment low amid immigration reversal

"Real-time data point to an important change in the U.S. labor market: The benchmark for evaluating payroll growth has moved significantly."

Fortune

Cubans study oil tanker diplomacy for signs of progress in secret talks with US

Despite hostile rhetoric Trump let a Russian ship break his blockade – could it herald a Venezuela-style outcome?

The Guardian - US

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Five EU ministers call for new windfall tax on energy profits amid price surge

Economy and finance ministers from Italy, Germany, Spain, Portugal and Austria are asking the EU for a tax on energy surplus profits to curb price increases.

Euronews

God on their side, the bill on ours: Counting the real cost of the war in West Asia for India

With guns in their hands and God on their side – Bob Dylan John Mearsheimer writes in The Tragedy of Great Power Politics: “States rarely go to war unless they think that rapid success is likely.”It has been more than a month since Benjamin Netanyahu and Donald Trump started the…

Newslaundry

A Yale economist says AGI won't automate most jobs—because they're not worth the trouble

Pascual Restrepo's new NBER paper argues it's not about what AI can do. It's about what AI will bother doing—and most human work doesn't make the cut.

Fortune

Iran’s Revolutionary Guard would fiercely resist a US ground invasion. History proves it

The Iranian Revolutionary Guard Corps (IRGC) has long exerted a strong, often underestimated power in the Middle East. With around 190,000 members, plus an estimated 450,000 reserves in the Basij paramilitary, the largest component of Iran’s Armed Forces also controls much of the country’s politics, intelligence and economy.

The Conversation

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The jobs report looks good ‘for the wrong reasons,’ top economist warns: It’s hiding how many Americans are giving up

The strong March number takes rate cuts off the table, and lets the Fed focus squarely on inflation.

Fortune

When US and Iran joined hands against Israel: Why Hormuz blockade brings back memories of 1956 Suez crisis

Iranian blockade of Strait of Hormuz and the heavy price that global economy is paying these days bring back dark memories of a similar crisis that had enveloped the world nearly a decade after World War II had ended: the shutdown of the Suez Canal in the wake of a…

The Times of India

U.S. economy adds stronger-than-expected 178,000 jobs in March

The report indicates a steadying labor market as the Iran war injects fresh uncertainty into the economic outlook.

Axios

Iran trying to ‘hold the global economy hostage’, Yvette Cooper says

IN FULL

The Independent UK

America's Energy Independence: The Economic Story Behind The Iran Conflict

Rising oil prices from Iran tensions are cushioned by U.S. energy independence and growing Western Hemisphere supply, limiting long-term impact on consumers and the broader economy.

International Business Times

A Drying Colorado River Threatens Imperial Valley’s Future

Declining flows and the warming climate imperil farms, green energy projects and the economy of one of California’s poorest counties.

Capital & Main

Iran could face further sanctions if Strait of Hormuz remains closed – Cooper

Yvette Cooper accused the country of trying to ‘hold the global economy hostage’.

Evening Standard

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Fortune

How the Iran war adds to the U.S. K-shaped economy through higher gas prices

Americans could be on the hook for an extra $8 billion in gas prices, and some families will feel it more than others.

Evening Standard

Cooper: Iran to face ‘every diplomatic, economic measure’ over Strait of Hormuz

The Foreign Secretary condemned Tehran for ‘seeking to hijack the global economy’ with its attacks on oil shipping.

International Business Times UK

Donald Trump Approval Hits Record Low as Majority of Americans Sour on Iran War and Economy

Donald Trump's approval rating has dropped to some of the lowest levels of his second term, as new polls show Americans turning against his handling of the Iran war and the economy. Support is softening even among core Republican and 'MAGA' voters amid rising fuel prices and market jitters.

The Conversation

Could the Middle East conflict open the door to price controls? Here’s how it works in Greece

The US-Israel war with Iran has sent shockwaves through the global economy and predictions of COVID‑era inflation are becoming hard to ignore. In many countries, these pressures are already being felt, as households struggle to afford essentials.

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Euronews

Azerbaijan-European Union Relations: Current State and Prospects

Whether in politics, the economy or energy security, relations between Azerbaijan and the EU have been developing dynamically, writes Dr. Matin Mammadli in an opinion piece for Euronews. Increased investment, technology transfer and visa facilitation would further strengthen these ties.

The Guardian - US

The US-Israel war on Iran is accelerating de-dollarization and America’s decline

De-dollarization promises to reorder the world, reducing American power globally

The Guardian - UK

‘If he’d stayed on the golf course, we’d be in a better place’: experts on Trump’s tariffs, one year on

Last April, the president unleashed a tidal wave of tariffs on ‘liberation day’. Analysts say the policy has failed, even by the Trump administration’s own terms

Evening Standard

Trump’s threat to bomb Iran ‘back to the Stone Age’ unacceptable – Irish premier

Micheal Martin said the war is threatening to have ‘very significant impacts’ on the global economy.

The Guardian - UK

Coordinated conflict: how the Ukraine and Iran wars are starting to overlap

Battlefield outcomes are connected by the sharing of weapons and intelligence as well as the damage to the global economy

International Business Times UK

Lunar Prospectors Race to Mine the Moon — What Helium‑3 Could Mean for Earth's Energy

Space companies race to mine the Moon for Helium-3, a rare isotope that could transform Earth's energy and spark a new space economy

The Guardian - UK

Trump’s trade war put the UK on the back foot. His actual war may break us

The government looks ill prepared for the coming stagflation storm – its ‘keep calm and carry on’ approach won’t survive a blast of reality, says Guardian columnist Larry Elliott

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