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The Latest Breaking News from Economy

Thursday briefing: What it will take for Britain to break up with natural gas

In today’s newsletter: The economic fortunes of the UK are intertwined with the price of the costly fuel – so why are we so slow to ditch it?

The Guardian - UK

IMF chief Georgieva warns ‘everyone will feel the impact’ of energy price shock, as UK growth beats forecasts – as it happened

There will be flight cancellations ‘soon’ if oil supplies are not restored in coming weeks, says head of IEA

The Guardian - UK

The Economic Pulse: Beyond the Hemline Index 2.0

To understand the 2026 fascination with shorter hemlines, one must first look at the history of market sentiment.

inkl

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China's economy grows at 5% in first quarter, shrugging off initial impact of Iran war

China’s economy accelerated in the first quarter of this year, expanding 5% from a year earlier as it largely shrugged off impacts from the Iran war so far

The Independent UK

Australia joins calls for Iran ceasefire to be upheld

A dozen finance ministers have signed a joint statement calling on the US, Israel and Iran to implement the ceasefire in full as the global economy teeters.

AAP

How Trump’s repeated efforts to fire Federal Reserve Chair Powell harm the economy – and make battling inflation harder

President Donald Trump has again threatened to oust Federal Reserve Chair Jerome Powell, putting at risk a keystone of good economic policy and inflation management: central bank independence.

The Conversation

500,000 Undocumented Immigrants in Spain Eligible For Legal Status After Amnesty Approval

Spain's government has approved an amnesty programme granting legal status to 500,000 undocumented migrants, aiming to boost the economy and support an ageing population.

International Business Times UK

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Job market yet to feel impact of Iran war, rate hikes

Australia's relatively low jobless rate has reinforced the Reserve Bank's view the labour market is still tight, adding to the case for more rate hikes.

AAP

Bank Of America Signals Resilient US Economy As Profits Rise On Trading Strength

Bank of America's latest results add to Wall Street signals that US economic activity is holding up despite persistent rate uncertainty.

International Business Times

Airline introduces economy ‘sleep pods’ for long-haul flights

IN FULL

The Independent UK

Air New Zealand introduces bunk beds for economy passengers

No snacks are allowed and naps are limited to four hours

The Independent UK

The IMF refuses to name the cause of this global chaos. It starts with ‘Donald’ and ends in ‘Trump’

The International Monetary Fund remains stuck in a situation where the biggest concern about inflation is wages

The Guardian - AU

Reeves warns impact of Iran war on economy will persist once hostilities end

The Chancellor and international counterparts said the conflict had caused ‘unacceptable loss of life’ and ‘significant’ economic turmoil.

Evening Standard

China’s Africa strategy is shifting and Iran conflict will speed it up

The global geoeconomic volatility wrought by the second Donald Trump US presidency and hostilities in the Middle East make the shift in China’s Africa strategy even more important for China and for Africa.

The Conversation

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Euronews

Can Hungary's new government fix an economy in crisis?

Investors are optimistic about the new government's expected economic policies, but an energy crisis and a scramble for EU funds could slow its immediate success.

Fortune

I was a government official in the 1990s and watched the economy get turned upside-down. It's happening again

I had a front-row seat to the workforce disruptions of the NAFTA era. Here's what it taught me about surviving the AI jobs crisis.

The Guardian - UK

Short-term gains for China from US-Iran war may turn to longer-term pain

Beijing may be reaping some diplomatic benefit but Trump’s war holds risks for its energy security and economy

Euronews

This airline is launching bunk bed sleep pods you can book on ultra-long-haul flights

Available on select flights between Auckland and New York, the four-hour sessions are priced from €248.

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Euronews

Inside the Qantas plane set to break the record for the world’s longest flight next year

As the Australian airline prepares for the first test flight on its new A350-1000ULR aircraft, we take a look at what passengers can expect onboard.

Euronews

We want peace with Israel, Lebanon's economy minister tells Euronews

Lebanon's Economy and Trade Minister, Amer Bisat, told Euronews that his country is tired of war and wants peace with Israel, as direct talks between the two sides took place for the first time in decades.

The Guardian - AU

US Senate fails to pass war powers resolution for fourth time – as it happened

White House denies US asked for ceasefire extension and says negotiations are ‘ongoing’; Benjamin Netanyahu says ‘too early to say how matter will end’

The Guardian - AU

No double-bunking or snacks - but snoring is fine: Air New Zealand’s economy sleep pods set for launch

Passengers can book a four-hour session in the bunk beds from May for Auckland-New York flights but airline cautions against smuggling in children

The Conversation

Streaming platforms give us access to new music, so why are fewer people listening to it?

In September, the Australian Recording Industry Association (ARIA) excluded catalogue music (recordings more than two years old) from the Australian bestseller single and album charts.

The Guardian - AU

Morning Mail: households cut back amid global economy warning, Taylor ‘debasing’ himself on immigration, Milo myths

Dinner tables featuring cheaper meat and less wine as IMF scenario points to slower growth; Howard-era minister criticises Liberal immigration plan

Fortune

Trump’s economy officially passes Biden’s for worst consumer sentiment in recorded history

The University of Michigan’s index plunged to 47.6 in April—shattering the prior floor set during the 2022 inflation crisis.

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