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The Latest Breaking News from Economy

‘Doomsday scenario’: a visual guide to the oil and gas site attacks in the Middle East

Attacks on facilities by both sides in the conflict this week threaten grave consequences for the global economy

The Guardian - UK

Fed Chair Jerome Powell says U.S. economy is ‘amazing’—but admits ‘we just don’t know’ as inflation, jobs, and oil shocks cloud the outlook

Jerome Powell said “don’t know” 17 times during the conference as he praised the economy’s resilience—but flagged rising inflation, stalled job growth, and an unpredictable oil shock from Iran.

Fortune

Why $138 is the key mark for oil prices and what it means for the future of the US economy

Analysts are keeping a close eye on the developments in the Middle East amid President Donald Trump’s war on Iran, and are paying particular attention to oil prices

The Independent UK

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China is ready to drive leadership of a low-carbon world – by making the international rules

Donald Trump has made it clear he has no intention of playing a global leadership role in green energy or a move towards net zero.

The Conversation

Prolonged high oil prices could ‘crimp’ AI boom, WTO warns

Iran war and its impact on energy and fertiliser costs is the main risk to the global economy, report says

The Guardian - UK

European Central Bank holds rates unchanged as energy shock from Iran war causes massive uncertainty

The European Central Bank left its key interest rates unchanged Thursday and warned that the Iran war would boost inflation in the short term through higher energy prices but that the long-term impact on consumer prices and the economy was uncertain

The Independent UK

Why the gender wealth gap is still so stubborn – and what it means for women’s wellbeing

Inequality in wealth between men and women has not always received the same attention as similar disparities in employment and earnings. This is perhaps because wealth – things like property, savings and investments – is seen as a private matter. This issue has become known as the “gender wealth gap”…

The Conversation

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AI's memory chip shortage is quietly taxing the entire economy

AI's insatiable appetite for memory chips is crowding out all other buyers — and the consequences will ripple through every industry and household.

Fortune

'Europe must make itself heard' on Middle East war, says former EU commissioner

As EU leaders meet in Brussels for a high-stakes summit dominated by the war in the Middle East, Thierry Breton – former European commissioner for the Internal Market and France's former economy and finance minister – spoke to RFI about the current escalation and called on Europe to act in…

Radio France Internationale

BoE delivers message Britons don’t want to hear as inflation – and rates – look set to rise

Decision to hold interest rates is backed by gloomy assessment of economy as Iran war pushes up oil prices

The Guardian - UK

I Asked ChatGPT Which States Are Ready To Face a Recession — The Answer Surprised Me

ChatGPT analyzed recession readiness by state, ranking North Dakota first while Colorado and Louisiana landed near the bottom due to weak fiscal reserves.

GOBankingRates

The New York Times Goes Against Marco Rubio's Rejection Of Cuba Power Shakeup Report: 'Received No Disagreement'

The New York Times replied to Secretary of State Marco Rubio over his rejection of a recent report claiming the Trump administration was seeking the removal of Cuban President Miguel Diaz-Canel as part of negotiations to open up the island's economy.

International Business Times

The five ways for drivers to save on fuel and beat rising prices

There are several methods to enhance your car's efficiency

The Independent UK

Evaluating New Zealand As A Strategic Destination For Global Business Expansion

As global markets adjust to shifting supply chains and evolving inflation rates in 2026, the Asia-Pacific region remains a focal point for corporate expansion. Recent reports highlight more signs the NZ economy is turning the corner, making it an increasingly attractive and secure hub for foreign direct investment. With an…

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The Conversation

Grattan on Friday: Chalmers is trying to make economic uncertainty a springboard for reform

When he talks about the May 12 budget, Treasurer Jim Chalmers always stresses that what’s done on things like the capital gains tax discount will be a matter for cabinet.

Times Life

India Overtakes Japan to Become World’s 4th Largest Economy, Now Targets No. 3 Spot

In a defining moment for India’s economic journey, the country has officially surpassed Japan to become the world’s fourth-largest economy, marking a major shift in the global financial order. This milestone is not just symbolic. It reflects years of steady growth, structural reforms, and rising global influence. With a nominal…

The Guardian - UK

Night buses will run to every Greater Manchester borough as Bee Network expands

Changes revealed by Andy Burnham to support night-time economy follow rapid growth in ridership

The Independent UK

Almost half of all Americans fear a ‘total economic collapse’ in the next 10 years, new poll shows

Many respondents believe the US economy is already in dire straits, the poll found

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AAP

New Zealand economy limps on with lacklustre GDP

New Zealand's fledgling economic revival, confirmed by fresh GDP figures, is at risk as supply chain disruptions push up inflation.

International Business Times UK

Trump Hit With Brutal CNBC Verdict As Experts Warn Of 'Worst Of Both Worlds' Crisis Brewing

Economists warn of potential stagflation in the US as inflation persists and growth slows. Tariffs and trade policies add to economic strain.

The Independent UK

Fed leaves rates unchanged as Powell vows to stay on through DOJ probe

One Fed official dissented in favor of a quarter-point cut

Fortune

Jerome Powell says this economy isn't as miserable as the 1970s, but 'maybe that's just me'

The Fed chair was asked about stagflation fears but warned that repeated shocks—from tariffs to Iran—could begin to unanchor inflation expectations

Barchart

Goldman Sachs Just Issued a New Warning on the U.S. Economy — And It’s Not Just About Oil

The leading investment bank has cut its growth forecast and raised the probability of recession. That means some tough decisions ahead for the Federal Reserve.

Barchart

47 Years Ago, Warren Buffett Warned That the ‘Value of Dollars Seems Almost Certain to Shrink by the Day.’ What the Billionaire Got Wrong.

Warren Buffett warned in 1979 that the value of the dollar was "almost certain to shrink by the day." Here's what he go right — and what he got wrong — with his prediction.

International Business Times UK

Global Economy at Tipping Point as Iran War Oil Surge Sparks Financial Crisis Fears

Economists warn the Iran war oil surge could slow US growth and drive inflation, with ripple effects across food, energy and global markets. Fears of a wider economic crisis are growing.

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