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The Latest Breaking News from Economy

You had a miserable 2025 because of tariff inflation. The Iran war will be even worse, top economist says

One year after Liberation Day, tariffs have frozen hiring and fueled inflation. Now, Moody’s Mark Zandi sees the war in Iran threatening to deepen the damage.

Fortune

RBA governor’s frank message on the economy is the biggest shock

Michele Bullock drops her usual caution to spell out the threat of higher prices and lower growth

The Guardian - AU

Indian investments in US on rise, creating American jobs: Official

Indian companies are investing significantly in the United States. Recent data shows USD 16.4 billion in foreign direct investment, creating over 70,000 jobs. Indian firms are also contributing to research and development. Massive new investments are expected at the SelectUSA Investment Summit. This inflow of capital strengthens the American economy…

The Economic Times

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U.S. job openings were unchanged at 6.9 million in March but hiring improved

U.S. job openings were essentially unchanged at 6.9 million, another sign the American labor remained sluggish even before the full impact of the Iran war hit the economy

The Independent UK

Mozambique’s economy is failing: the tough policy choices that need to be made urgently

Mozambique is not in total crisis – but it is faltering. There has been no currency crash, no hyperinflation, no bank run. But over the past decade the main indicators of the country’s economic health have severely eroded.

The Conversation

Delta Air Lines Blasted for Cutting Free Snacks On Flights Under 350 Miles, Leaving Passengers Frustrated

Delta Air Lines will cut free snacks on sub-350-mile flights, affecting 450 routes daily and sparking backlash amid rising industry cost pressures.

International Business Times UK

World Cup could give struggling UK pubs a £275m boost if England reach final

Fans will drink an extra 55 million pints while England battles to reach the final

The Independent UK

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Reform UK’s immigration policies are a significant risk to the UK economy

An exodus of workers will be damaging – and electoral change might help Britain escape instability and low growth

The Guardian - UK

Inflation, growth, rates all hinge on end to conflict

The central bank, which raised interest rates on Tuesday, has released its latest set of quarterly economic forecasts and the news is not great.

AAP

With no easy options, RBA raises interest rates for the third time to quell inflation

The Reserve Bank of Australia (RBA) has lifted the official cash rate by another 25 basis points, the third hike this year as it struggles to keep inflation under control.

The Conversation

Delta Airlines Food and Beverage Service Cut on 450 Flights — Here's Why Short Routes Are Losing In-Flight Service

Delta cuts food and drink service on 450 flights from 19 May 2026, ending economy refreshments on short routes under 349 miles.

International Business Times UK

Economic growth forecast for island of Ireland despite fuel supply turbulence

EY has said events in the Middle East had ‘adversely affected’ Ireland’s inflationary outlook.

Evening Standard

Trump’s former AI czar says the quiet part out loud on the economy: ‘Stopping progress in AI would be equivalent to halting the US economy’

With across-the-board job growth yet to materialize, AI investment is propping up economic activity.

Fortune

U.S. Economy Could Face Demand Destruction Over Continued Economic Impact Of Iran War

A new report claimed that the continued impact of the Iran war will put the U.S. economy through demand destruction, a process in which prices rise so sharply that households and businesses are forced to change how they spend, work, travel, and invest.

International Business Times

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Kiplinger

Why the Spirit Airlines Shutdown Matters Even If You Never Flew With Them

Before you say "good riddance" to the nickel-and-diming carrier, here's how the Spirit Airlines Shutdown could impact your travel budget.

Fortune

BofA throws cold water on AI apocalypse panic: 60% of today's jobs didn't exist in 1940

AI will reshape 840 million jobs, BofA says. That’s not the same as destroying them.

Fortune

America is lucky it’s no longer a manufacturing powerhouse—it’s what’s protecting the U.S. economy from the worst of the oil shock, top economist says

The U.S. has lost 35% of manufacturing jobs since its 1979 peak. Cornell economist Eswar Prasad said that’s not necessarily a bad thing.

Fortune

Goldman: AI will save the economy someday. First, it has to stop inflating it

The AI productivity boom hasn't quite arrived yet, but the inflation from building it has. Maybe Gen Z is onto something with their AI rebellion.

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The Times of India

7,000 Just Eat couriers launch legal action over worker status and pay rights

In a pivotal moment for the gig economy, thousands of Just Eat couriers in the UK are taking legal action to secure their rights as workers. They are demanding access to minimum wage and holiday pay through a tribunal set to decide if they are classified as employees or independent…

The Conversation

Wars destroy lives and the climate. Why aren’t we counting military emissions?

When delegates gathered for COP30 in Belém, Brazil in November 2025, they scrutinized various sectors of the global economy for their contributions to rising greenhouse gases. Agriculture, aviation, steel, cement — all were on the table. One topic not discussed was war.

Euronews

’They know they’re safe’: 1,500 beagle dogs start new lives after being rescued from research lab

The rescue has been called a “landmark breakthrough for animal welfare”.

MarketBeat

3 Emerging Markets ETFs to Maximize Exposure to High-Potential Countries

ETFs focused on emerging markets can give concentrated exposure to fast-growing markets at a time when the U.S. economy's growth prospects may falter.

The Independent UK

Starmer accused of ‘unpicking Brexit’ as UK faces paying EU £1bn a year after ‘reset’

Prime minister says closer alignment to the EU’s single market will be in the national interest

The Guardian - UK

Self Driver review – cabbie who signs up for sinister app offers Travis Bickle take on the gig economy

A desperate driver joins a service that directs him down a shadowy path in this interesting, less-is-more satirical thriller

Euronews

When 2 million voices met one stage: How Shakira made music history in Copacabana

Rio de Janeiro once again turned Copacabana into the world's biggest stage. Shakira performed on Saturday in front of two million people in a free concert that the city's mayor described as historic and will generate some $155 million for the local economy.

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