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Global Oil Shock From Iran War Ripples Across Asia and Threatens Wider Economic Fallout
05 April 2026 A severe oil crisis triggered by the ongoing Iran war is already hitting economies across Asia, with early impacts signaling deeper disruptions ahead for Europe and Africa. The conflict has significantly reduced global oil supply, with estimates suggesting around a 10 percent drop, largely due to disruptions in the Strait of Hormuz, one of the world’s most critical energy shipping routes. Asian economies have been the first to feel the shock due to their heavy r
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IMF Urges Bank of Japan to Continue Rate Hikes Despite Economic Risks From Iran War
04 April 2026 The International Monetary Fund has urged the Bank of Japan to continue raising interest rates even as the ongoing conflict involving Iran creates new risks for the global and domestic economy. The recommendation reflects confidence that Japan’s inflation is becoming more sustainable, while also acknowledging that geopolitical tensions are complicating the economic outlook. According to the IMF, Japan has made significant progress in moving away from decades of
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US Job Growth Shows Modest Recovery in March as Global Tensions Cloud Economic Outlook
02 April 2026 Employment growth in the United States likely rebounded in March after an unexpected decline in February, offering a cautious sign of stability in an otherwise uncertain economic environment. Economists estimate that nonfarm payrolls increased by around 60,000 jobs, partially recovering from a sharp loss of 92,000 jobs the previous month, which had been affected by harsh weather and temporary disruptions such as a healthcare workers’ strike. Despite this rebound
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US Manufacturing Expands in March but Supply Chain Strains Signal Rising Economic Pressures
01 April 2026 U.S. manufacturing activity showed modest growth in March, offering a sign of resilience in a sector that has faced prolonged uncertainty over the past year. Data from the Institute for Supply Management indicated that its manufacturing index rose to 52.7, marking the highest level since August 2022 and the third consecutive month of expansion, as readings above 50 indicate growth in the sector. Despite the improvement in headline figures, much of the growth app
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Rising Prices Return to British High Streets as Shoppers Brace for a Tougher Cost of Living Squeeze Ahead
30 March 2026 For months, there had been a quiet sense of relief across the United Kingdom. Prices were no longer climbing at the pace that once defined the cost of living crisis, and shoppers had begun to feel a cautious stability returning to their everyday spending. But that sense of calm is starting to shift, replaced by early signs that pressure is building once again. In March, shop price inflation edged higher, with annual prices rising 1.2 percent, a modest increase t
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American Confidence Wavers as Rising Fuel Costs and Market Turbulence Shake Consumer Outlook
27 March 2026 For months, the American consumer has been the quiet engine holding the economy together, spending steadily even as inflation lingered and global uncertainty hovered in the background. But in March, that confidence showed signs of cracking. The latest data reveals a shift not dramatic enough to signal collapse, yet significant enough to change the tone of the economic conversation. Consumer sentiment in the United States slipped to a three month low, according t
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US Gas Prices Surge Toward $4 as Middle East Conflict Sends Shockwaves Through Energy Markets
20 February 2026 A sharp rise in gasoline prices across the United States is becoming one of the most visible economic consequences of the escalating conflict in the Middle East. In just a matter of weeks, drivers have watched prices at the pump climb rapidly, transforming everyday fuel costs into a growing financial concern and a symbol of wider global instability. Since the outbreak of war in late February, U.S. gasoline prices have surged by more than 30 percent, pushing t
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US Producer Prices Surge in February as Inflation Pressures Build Beneath the Surface
19 February 2026 Creator: Mike Segar / Credit: REUTERS A fresh wave of inflation concerns is rippling through the U.S. economy after new data revealed a sharp rise in producer prices for February, signaling that cost pressures are building long before they reach consumers. The latest figures suggest that businesses across industries are facing higher expenses, raising questions about how long the Federal Reserve can maintain its current stance on interest rates. The Producer
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China’s Economy Shows Early Stability in 2026 as Growth Expectations Reset
15 March 2026 China has entered 2026 with a sense of cautious stability, offering a steady but measured start to the year that reflects both resilience and restraint. While early economic indicators suggest that the world’s second largest economy is holding its ground, the broader narrative is no longer about rapid expansion but about recalibration, as policymakers and markets adjust to a slower, more deliberate pace of growth. In the first two months of the year, key data po
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U.K. Economy Stalls in January as Growth Momentum Fades
13 March 2026 The British economy entered 2026 on uncertain footing after official data revealed that economic activity unexpectedly stalled in January. The disappointing result raised fresh concerns about the country’s growth outlook and intensified debate about the challenges facing policymakers as they attempt to revive momentum in one of Europe’s largest economies. According to data released by the Office for National Statistics, the United Kingdom’s gross domestic produc
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New York City’s Proposed $30 Minimum Wage Sparks Debate Across Business Community
12 March 2026 A new proposal to dramatically raise New York City’s minimum wage has ignited a heated debate among workers, business owners and policymakers. The plan, which would gradually increase the city’s minimum hourly wage to $30, aims to address the rising cost of living in one of the most expensive urban centers in the United States. Supporters say the change would help working families achieve financial stability, while critics warn it could place enormous pressure o
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China’s Holiday Spending Surge Offers a Rare Bright Spot for the World’s Second Largest Economy
08 March 2026 China’s consumer inflation hits three-year high on holiday boost. Credits/Pixabay China’s economy received an unexpected jolt of optimism as consumer inflation rose more strongly than anticipated during the Lunar New Year holiday period, offering a glimpse of life in an economy that has spent much of the past few years wrestling with sluggish demand and persistent deflationary pressure. New data from China’s National Bureau of Statistics showed that the country’
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Tariffs Threaten to Upend Economic Forecasts and Global Trade
22 February 2026 In the ever-shifting landscape of global economics, tariffs have once again emerged as a potent and unpredictable force, threatening to reshape business strategies, consumer prices and international relations. After a tumultuous period of legal challenges and policy reversals, the role of tariffs in the economy has returned to the forefront of public debate and market anxiety, leaving companies and policymakers grappling with an uncertain future. Early indica
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Supreme Court Rules Trump Exceeded Authority With Tariffs, Shaking U.S. Trade Policy
20 February 2026 In a landmark decision that has reverberated through Washington and global markets, the United States Supreme Court on February 20, 2026 struck down a key pillar of President Donald Trump’s trade agenda by ruling that many of his sweeping global tariffs were unlawful because they were imposed without clear authority from Congress. The case, Learning Resources, Inc. v. Trump, centered on whether the International Emergency Economic Powers Act, a Cold War-era s
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UK unemployment Rate Climbs to Its Highest Level in Nearly Five Years
17 February 2026 Britain’s labour market showed unmistakable signs of cooling at the end of 2025 as new government data revealed that the unemployment rate climbed to 5.2 percent in the three months through December, the highest point since early 2021 under international definitions and the most elevated level in nearly five years. This marked a continuation of a steady rise from earlier in the year, underscoring the pressures facing Europe’s fifth-largest economy as hiring s
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January CPI Shows Inflation Cooling but Consumer Pain Persists
13 February 2026 The latest figures from the U.S. Bureau of Labor Statistics reveal that inflation eased in January, offering a welcomed sign to economists and policymakers after months of stubborn price increases. According to the consumer price index, overall inflation climbed 2.4 percent compared with the same month a year earlier, down from a 2.7 percent increase in December and below many analysts’ forecasts. This marked the slowest year-over-year rise in prices in nearl
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New York’s mayor says booming Wall Street earnings have trimmed the city’s yawning budget gap by roughly $5 billion
11 February 2026 New York City’s newest mayor, Zohran Mamdani, delivered an unexpectedly upbeat fiscal update this week as he laid out his administration’s latest budget projections before state lawmakers in Albany. After inheriting what was initially described as a staggering two-year budget deficit totaling $12 billion, Mr. Mamdani announced that improved revenue estimates largely driven by a banner year for Wall Street bonuses combined with aggressive municipal savings had
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U.S. Navy plans to base submarines in Australia as a strategic hedge against conflict with China
7 February 2026 Photographer: SOPA Images/LightRocket In the shifting landscape of Indo-Pacific geopolitics, the U.S. Navy is quietly repositioning itself for a future in which great-power conflict with China, especially over Taiwan, is treated not as a distant risk but as a strategic priority requiring preparation now. Central to this recalibration is a plan to use HMAS Stirling, a naval base on Western Australia’s Indian Ocean coast, as a forward operating location for Amer
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U.S. Consumer Prices Held Steady in December, Reflecting Persistent Inflation Pressures
13 January 2026 In December 2025, American households felt once again the pinch of rising prices as the latest inflation data showed that consumer costs continued to climb at a moderate pace, offering a snapshot of an economy where price increases remain stubbornly above the Federal Reserve’s long-term target. The U.S. Consumer Price Index (CPI), the government’s broadest measure of inflation, rose by 0.3 percent in December compared with the previous month, a gain that was i
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Trump Proposes One-Year Cap on Credit Card Interest at 10 Percent in Bid to Ease Borrowing Costs
11 January 2026 In a move that has shaken both Wall Street and the political world, U.S. President Donald Trump announced a proposal on January 10, 2026 calling for a temporary cap on credit card interest rates at 10 percent for one year beginning January 20, the first anniversary of his second inauguration. The proposal was delivered via his social media platform Truth Social, where Trump framed the move as part of a broader effort to address the rising cost of consumer borr
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