California Jet Fuel Supply Hits 3-Year Low
California's jet fuel stock drops to 2.6 million barrels, the lowest since 2023, as Middle East conflict drives prices up, risking flight cancellations.
Category : Economy GDP
Tax Raids, Iran War Cause Worst Business Start on Record
UK business creation hit a record low in Q1 2026, with just 78,655 new firms, down 8% year-on-year, amid tax hikes and the Iran conflict.
UK banks fear tax raid amid Starmer leadership threat
UK banks brace for potential tax increases as expectations grow that Keir Starmer could be replaced by a more leftwing Labour leader.
Vibecession in Australia: Gloom vs. Expert View
Australia faces a 'vibecession' as public gloom over the economy contrasts with expert optimism. Despite negative sentiment, key indicators remain stable, raising questions about perception versus reality.
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IEA Chief: Iran Oil Crisis Changed Fossil Fuel Industry Forever
Fatih Birol says the Iran war oil crisis has permanently altered the fossil fuel industry, urging a shift to renewables and cautioning the UK against North Sea expansion.
Which? Warns Against Cancelling Summer 2026 Holidays
Which? advises UK travellers not to cancel summer 2026 bookings prematurely, warning it could cost them refund rights amid jet fuel crisis and airspace closures.
Preston Model Holds Steady Amid Challenges
The Preston Model, a community wealth building initiative, shows resilience despite economic pressures, with local leaders optimistic about its future.
Is Labor Meeting the Moment on Fossil Fuel Crisis?
A video analysis explores whether the Labor government is adequately addressing the fossil fuel crisis, despite claims of leadership.
Student Loan System Hurts Women's Wealth
The UK student loan system imposes high marginal rates and compounding interest, hitting women hardest by reducing savings, pensions, and productivity.
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Why War in Iran Is Driving Up Prices on Almost Everything
The Iran conflict is raising costs for fuel, food, electronics, toys, and more due to disrupted oil and gas supplies. Learn how it affects your wallet.
Trump Admits Health Concerns, Walks Slowly to Avoid Trips
President Trump made a rare admission about his health on CNBC, saying he walks slowly to avoid tripping, as he addresses bruising and aspirin use ahead of turning 80.
Fertiliser Shortage: Impact on Australian Farmers and Food Prices
Fertiliser supply disruptions from the Strait of Hormuz are hitting Australian farmers hard, with soaring prices for urea and diesel. Experts warn of potential crop reductions and future grain price hikes.
Fossil-Fuel Crisis: Is Labor Meeting the Moment?
Two months since the US-Israel war on Iran, a renewed focus on green energy emerges. Experts discuss if this crisis will boost or hinder the renewables revolution.
Vietnam Outpaces FTSE 100 in 2026 Market Rally
Vietnam's stock market outperforms the FTSE 100 in 2026, driven by AI demand, supply chain shifts, and an FTSE Russell upgrade, attracting foreign capital.
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Consumer Confidence Falls Again in UK Amid Iran War Fears
Consumer confidence dropped to -25 in April, the lowest since October 2023, as Brits brace for soaring inflation from the Iran war, impacting food prices and summer holidays.
Supermarkets Urge UK Government to Cut Energy Taxes
Sainsbury's, Tesco, M&S, and Asda call on Labour to reduce energy taxes to prevent food inflation from rising amid the Iran war crisis.
Half of Brits Fear Investing Over Loss and Jargon
A poll of 2,000 adults reveals half of Brits avoid investing due to fear of loss, economic uncertainty, and jargon. Gen Z leads interest, but many lack knowledge.
Inheritance Tax Receipts Hit Record £8.5bn
UK inheritance tax receipts rose to a record £8.5bn in 2025-26, driven by Labour's property owner policies and fiscal drag, with further increases expected.
UK Economic Gloom Reaches Near 50-Year Peak
New polling shows British economic pessimism at its highest since 1978, driven by high taxes, sticky inflation, and low growth, with many feeling the country is on the wrong track.
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Asos Shares Rise 3% Despite Narrowing Losses
Asos shares rose over 3% after cutting pre-tax losses by £100m to £137.9m, though revenue fell 14% to £1.1bn. The fashion retailer deepens AI partnership with Microsoft.
BRC Chief: Red Tape 'Weighs Heavily' on Retailers
Helen Dickinson warns that government regulation stifles innovation and investment, as retailers grapple with policy burdens amid food inflation fears and workers' rights changes.
Economic Optimism Hits 50-Year Low Since 1970s
New Ipsos data reveals public economic optimism has plummeted to its lowest level since the Winter of Discontent, with 78% expecting further deterioration.
Trump's Fed Chair Pick Struggles to Secure Rate Cuts
Kevin Warsh, Donald Trump's choice for Federal Reserve chair, argues AI will justify lower interest rates, but faces resistance from board members amid high inflation and policy challenges.
UK Economic Optimism Hits Record Low
Brits' economic optimism has plummeted to its lowest level since records began in 1978, with 78% expecting conditions to worsen over the next year.
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Food Inflation Rises as Industry Warns of 'Storm Clouds Gathering'
Food inflation climbs to 3.7% with warnings of potential double-digit increases later this year due to energy and supply chain costs from the Iran conflict.
Reckitt Shares Slump on £150m Iran War Warning
Reckitt shares fell over 6% after warning of up to £150m hit from Iran war if oil stays at $110/barrel. Durex owner sees revenue dip in Europe, China condom sales hit by VAT.
Iran War's Economic Fallout Hits Global Poor Hardest
As ceasefire talks continue, the economic costs of the Iran conflict are mounting globally, with poorer nations bearing the brunt of rising food and energy prices while military spending soars.
Coffee Sales Drop as Australians Cut Back on Treats
Over 50% of Australian consumers are reducing coffee and snack purchases due to rising fuel and living costs, with economic uncertainty growing amid global conflicts.
UK Inflation Rises to 3.3% Amid Iran War Fuel Price Surge
UK inflation increased to 3.3% in March, driven by soaring petrol and diesel prices following the US-Israeli war on Iran. The rise adds pressure to household finances amid warnings of economic slowdown.
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Food Inflation Rises to 3.7% in March, Chocolate Prices Soar
UK food price inflation accelerated to 3.7% annually in March, up from 3.3% in February, driven by higher costs for chocolate, meat, fish, and soft drinks. Clothing prices fell sharply, offering relief to consumers.
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