Oil Price Shocks: Government Response Matters Most
Oil price volatility has historically caused economic disruptions, but the real risk lies in misguided government and wage responses that can trigger inflation spirals, as seen in past crises.
Category : Economy GDP
Adam Smith 'Invisible Hand' Debate Reignites in Letters
Readers respond to editorial about Adam Smith's 'invisible hand' concept, debating its original meaning versus modern political interpretations in economics.
RBA's Split Rate Hike Decision Sparks Inflation Debate
The Reserve Bank of Australia's controversial interest rate increase reveals deep divisions within the board, with Governor Michele Bullock dismissing petrol prices as a factor while economists question the timing.
NZ Economic Recovery Threatened by Middle East War
New Zealand's fragile economic recovery, poised to surpass Australia's growth, is now at risk from the US-Israel war on Iran, which could disrupt global trade and energy markets.
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RBA Hikes Rate to 4.1%, Petrol Prices Not Main Cause
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
RBA Raises Rates as Energy Shock Fuels Inflation Concerns
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.
RBA Raises Interest Rates to 4.1% as Inflation Persists
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.
RBA's Controversial Rate Hike Sparks Internal Division
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.
Recession Fears Grow as Rates and Petrol Prices Hit Households
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.
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Oil Shock Differs: Political Responses Trump Monetary Policy
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.
Reeves: AI and EU Ties Vital for UK Economic Growth
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.
Alcohol-Free Beer Added to UK Inflation Basket
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.
Alcohol-Free Beer, Hummus Added to UK Inflation Basket
The Office for National Statistics has updated its inflation basket with alcohol-free beer, hummus, and pet grooming, reflecting changing consumer habits post-pandemic.
UK Must Get Competitive or Lose Business Leaders
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.
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Inflation to Surge Beyond 4.5% as Middle East War Escalates
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.
Middle East Conflict Drives Up UK Costs and Supply Chain Issues
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.
Fertilizer Shortage Could Devastate Global Food Supply
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.
Americans Struggle with Costs Despite Trump's Economic Claims
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.
70% Say Trump Tariffs Caused Higher Prices - Poll
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.
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Oil Crisis Pushes UK Toward Recession After Economic Flatline
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.
UK Economy Bleak Data Shows Trouble Before Middle East Crisis
New economic data reveals the UK was already in significant trouble before the Middle East crisis, with weak growth and declining business confidence.
UK Economy Flatlines in January Amid War Inflation Threat
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.
UK Economy Grows 0.2% as War Clouds Inflation Outlook
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.
Grocery Prices to Rise Soon from Iran War Energy Costs
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.
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UK Economy Flat in January Before Iran War Turmoil Hits
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.
UK Economy Flatlines Before Iran War Impacts Energy Costs
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.
UK Economy Stagnates in January, Missing Growth Forecasts
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.
Mexico's Wealth Gap: 1% Holds 40% of Assets, Billionaires Double Wealth
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.
Middle East War May Plunge UK Into Recession, Study Finds
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%.
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Adam Smith: Rescuing His Legacy from Free-Market Myths
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.
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