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The Latest Breaking News from Economy

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.

Fortune

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 - AU

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 - UK

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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 Guardian - AU

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.

The Independent UK

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.

AAP

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Politicians Want To Fix the Economy. So Why Do They Keep Making It Worse?

"Central planning doesn't work because everybody has different ideas for themselves," says Ryan McMaken of the Mises Institute.

Reason

Truckies worry as diesel slows to a trickle: ‘Shortage would bring economy to its knees’

Newsroom forecasts just 17 days' diesel by Sunday. Plus, Z Energy chief executive Lindis Jones gives his first interview since the start of the oil shock, agreeing business needs to work with ministers in something akin to a wartime governance of national unity. Jonathan Milne reports.

Newsroom.co.nz

This is how the 1970s oil shock played out. There are lessons for the economy today

On October 6 1973, the Yom Kippur War – mainly involving Egypt, Syria and Israel –triggered one of the biggest energy crises of the 20th century. Eleven days later, several Arab members of the Organization of the Petroleum Exporting Countries (OPEC) announced they would stop selling oil to countries supporting…

The Conversation

RBA ready to shift up a gear as the neutral rate rises

The Iran war will hurt consumers by pushing up prices and slowing the economy but the Reserve Bank must act to contain inflation expectations, an official says.

AAP

United Airlines Launches 'Relax Row'—Economy Seats That Turn Into Couches For Long Flights

Discover United Airlines' new 'Relax Row' concept, transforming economy seats into couch-like spaces for added comfort on long-haul flights

International Business Times UK

Australians can expect high fuel costs to linger for far longer than the war in Iran

Rising inflation and unemployment mean effects of Iran war could be even worse than the post-Covid cost-of-living crisis

The Guardian - AU

European sovereignty requires control over its industry, Belgian economy minister tells Euronews

Belgium's Economy Minister David Clarinval is advocating full economic sovereignty in Europe. Therefore, Europe needs to regain control of its industrial capabilities, energy, defence and agriculture.

Euronews

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The Conversation

Pittsburgh’s post-steel economy is a success – and a warning for other cities

Few regions pose as much of an economic conundrum as Pittsburgh.

Euronews

This airline is rolling out economy class rows that convert into beds for long-haul flights

Coming to United Airlines in 2027, the ‘Relax Row’ has leg rests that can be raised to create a larger lie-flat space.

Grocery Coupon Guide

Publix Comes in Second Nationally in Customer Satisfaction Rankings

The supermarket industry is fiercely competitive. Retailers battle constantly to win the loyalty of their local shoppers. The American Customer Satisfaction Index releases an annual report detailing exactly how consumers view the major grocery chains. The 2026 report, which analyzes survey data collected throughout 2025, reveals a shift at the…

The Guardian - US

Trump’s war in Iran exposes US’s shift from a global guardian to an arbiter of chaos

The US is recklessly spreading economic havoc among global friends and foes while suffering little harm itself

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The Independent UK

United Airlines becomes latest carrier to offer ‘lie flat’ beds in economy class

Air New Zealand’s ‘Skycouch’ concept has been taken up by several other airlines

Times Life

$730 Billion Earned Abroad Why Indians Outside India Matter More Than Ever

For the longest time, we’ve looked at Indians living abroad in a very simple way. They go out, build a life, and send money back home. That was the story we grew up hearing. But today, that story feels incomplete. Because the scale has changed. The impact has changed. And…

The Texas Tribune

Texas will require proof of legal immigration status to get professional licenses

Officials approved the change after hearing from speakers who argued it would hamper the state’s economy and push immigrants to work without licenses in the black market.

Latin Times

Cuba Considers Paying Americans for Nationalized Property to Ease U.S. Sanctions

Based on U.S. government data and industry estimates collected by Bloomberg, nearly 6,000 American individuals and businesses have filed claims for nationalized property, which studies estimate is worth $9 billion.

The Independent UK

Trump sees approval tumble with men – a key voting bloc that put him back in the White House

Multiple polls show men giving Trump poor marks on the economy and cost of living

The Guardian - AU

Morning Mail: fears for economy amid fuel crisis, Israel sets sights on Lebanon, Mafs star Mel Schilling dies

Treasurer says end of Middle East war ‘can’t come soon enough’ as economy faces series of shocks

The Guardian - AU

Queensland government scraps emissions target for Brisbane Olympics – as it happened

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