Reserve Bank of Australia raises cash rate to 4.1%, reversing last year's cuts. Governor Michele Bullock states higher petrol prices contribute to inflation but are not the key reason for the hike, warning of further inflation risks from Middle East confl
The Reserve Bank of Australia increased interest rates as global energy turmoil threatens to push inflation toward 5%. Key ministers address fuel panic buying, immigration crackdowns, and LGBTQ+ hate crime penalties.
The Reserve Bank of Australia has increased interest rates for the second consecutive time, warning that inflation will remain high longer due to Middle East tensions and soaring petrol prices.
The Reserve Bank of Australia's decision to raise interest rates during a global energy crisis has split its board, with concerns over inflation and Middle East conflict fallout.
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Australian borrowers confront a dual crisis with rising interest rates and petrol prices, stripping billions from budgets and heightening recession risks, as economists warn of further economic pain ahead.
The latest oil price surge is shaped more by political actions than central bank moves, due to looser labor markets and fiscal constraints post-pandemic.
Chancellor Rachel Reeves will argue that investing in AI and strengthening ties with Europe are essential to boost the UK's sluggish economy, with a £1.5bn funding pledge.
The Office for National Statistics has added alcohol-free beer, hummus, and pet grooming to its inflation basket, reflecting changing consumer trends toward healthier lifestyles and pet ownership.
The Office for National Statistics has updated its inflation basket with alcohol-free beer, hummus, and pet grooming, reflecting changing consumer habits post-pandemic.
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Chris Hayward warns that Britain faces an existential challenge on tax, talent, and technology. Without urgent action to enhance competitiveness, a generation of founders may relocate or list abroad.
Treasurer Jim Chalmers confirms inflation could peak in the mid to high fours due to Middle East tensions, with interest rate rises expected, but recession is not anticipated.
As oil prices surge due to the Middle East conflict, UK residents and businesses face increased expenses for goods, services, and travel, alongside delivery delays and cancellations.
Yara International CEO warns extended Iran war could slash crop yields by 50%, with fertilizer prices soaring and supply chains disrupted, threatening global food security.
US workers face rising prices for groceries, utilities, and housing, with many taking on debt as wages stagnate, contradicting President Trump's assertions of a roaring economy.
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An exclusive Harris Poll reveals 72% of Americans believe Trump's tariffs negatively impacted the economy, with price hikes felt across party lines as the White House doubles down on trade policies.
Fresh economic data reveals UK growth stalled in January as oil prices surge above $100 amid the Iran war, with experts warning sustained high prices could plunge Britain into recession.
New economic data reveals the UK was already in significant trouble before the Middle East crisis, with weak growth and declining business confidence.
Official figures show zero growth in January as Middle East conflict drives energy price spikes, threatening fresh inflation and potential Bank of England rate hikes.
The UK economy grew by 0.2% in the three months to January, but the outlook is clouded by Middle East conflict-driven energy price spikes threatening fresh inflation.
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Wholesale gas and oil price spikes from the Iran conflict will drive up supermarket costs, with experts warning of imminent price hikes for consumers across the UK.
Official figures reveal zero growth in January as services sector stalls, delivering a blow to Chancellor Rachel Reeves ahead of Middle East conflict that threatens inflation and recession.
Official figures reveal zero GDP growth in January, missing forecasts, as uncertainty from the chancellor's budget and rising oil prices threaten inflation and interest rate hikes.
The UK economy failed to grow in January 2026, with GDP unchanged and production declining, raising concerns about economic resilience ahead of energy price shocks.
A new report reveals extreme inequality in Mexico where the richest 1% controls 40% of national wealth. While poverty rates have decreased, the country's 22 billionaires have doubled their fortunes to $219 billion in just five years.
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New analysis reveals that escalating oil prices due to the Middle East conflict could push the UK into a recession, with global GDP expected to decline by 0.7% and inflation rising to 5.1%.
On the 250th anniversary of The Wealth of Nations, Adam Smith's nuanced views on social justice and inequality challenge his free-market caricature, revealing a thinker concerned with institutions and fairness.
A potential conflict involving Iran, the US, and Israel could severely impact global oil prices and supply chains, exacerbating the existing cost of living crisis worldwide.
UK inflation decreased to 2.1% in February 2026, down from 2.5% in January, marking a significant easing in cost of living pressures as energy and food prices stabilise.
A new essay by economist Mark Skousen highlights how Adam Smith's revolutionary 1776 work The Wealth of Nations remains profoundly relevant today, offering timeless insights into economics and human nature.
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The UK's modest economic growth faces disruption from Middle East conflict and Trump's policies, with forecasts downgraded and fiscal pressure mounting.
