Jim Chalmers Budget Challenges Global Pressures
Australian Treasurer Jim Chalmers navigates budget constraints with global economic pressures, as cartoon illustrates political and fiscal hurdles.
Category : Economy GDP
UK Households Cut Spending Amid Iran War Fears
UK households reduced spending in April as rising geopolitical tensions and economic uncertainty led to cautious consumer behavior, according to Barclays credit card data.
Greggs Chicken Roll Boosts Sales, Inflation Warning
Greggs reports 3.3% sales growth driven by new chicken roll, but warns of food inflation risks from Middle East conflict. Plans 120 new stores in 2026.
Fish and Chips Unaffordable Luxury Signals Economic Shift
As energy prices soar due to the Strait of Hormuz closure, fish and chips become a luxury, reflecting permanent consumer habit changes and political instability.
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Barclays Card Spending Falls for First Time in 18 Months
Barclays credit card spending fell 0.1% year-on-year in April, the first drop since November 2024, as consumers cut non-essential spending amid global economic turmoil and Middle East conflict.
Somalia's Worthless Shillings: Poor Suffer as Banknotes Rejected
Somalia's currency crisis deepens as businesses reject tattered shillings, pushing up prices and devastating the poorest, who rely on cash for survival.
UK Cost of Living Crisis: Consumer Confidence Plunges
A PwC survey reveals UK consumer confidence fell sharply in April, with 90% worried about the cost of living and 80% planning spending cuts as fuel costs rise.
Norway Pauses UNEP Funding, Threatening Plastics Treaty
Norway, the largest donor to the UN Environment Programme, has paused funding, raising concerns for the already troubled global plastics treaty negotiations.
Investor Tax Changes Won't Hurt Housing Supply or Rents
Analysis shows Victoria's investor tax hike didn't reduce rental supply or spike rents, but helped first-home buyers. Australia's planned reforms could follow suit.
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Australia: 14 Homeless Die Yearly in Parks, Baby Death Sparks Outrage
Analysis reveals 14 rough sleepers die annually in Australian parks and countryside. Recent deaths of a baby, young mother, and student prompt calls for more social housing investment.
UK Living Wage Campaign Celebrates 25th Anniversary
The UK Living Wage campaign celebrates 25 years, from east London origins to signing up the Department for Business and Trade, now targeting private care and supermarkets.
Saudi Aramco Profits Surge 26% Despite Regional Conflict
Saudi Aramco's Q1 profits jumped 26% to $33.6bn, boosted by its east-west pipeline bypassing the Strait of Hormuz amid US-Iran war.
P&O Ferries Adds £50 Surcharge Due to Iran War Fuel Costs
P&O Ferries hikes prices with up to £50 surcharges as Iran war drives fuel costs, sparking criticism from rivals and holidaymakers.
Trump Media Losses $406M in Q1, Revenue $870K
Trump Media and Technology Group lost nearly $406 million in Q1 2026, with revenue of only $870,000. Losses stem from $3.5B in bitcoin buys during 2025 surge.
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Car Hits Pedestrians in Nottinghamshire, Driver Flees
A red Vauxhall Astra ploughed into pedestrians in Arnold, Nottinghamshire, leaving multiple injured. The driver fled, and police are searching for a white male suspect.
UK Borrowing Costs Fall and Pound Rises After Starmer Vows to Stay
UK government borrowing costs fell and the pound rose as Keir Starmer vowed to remain prime minister, easing market fears of a leadership challenge.
Britons 'Prepping' for Major Disruption with Cash and Tins
A new survey reveals millions of Britons are stockpiling cash and tinned goods to prepare for potential natural disasters, cyber attacks, or power outages.
BP to Sell Stakes in UK Carbon Capture Projects
BP plans to reduce its stakes in two flagship carbon capture and storage projects in northeast England as it pulls back from the green agenda, citing a need for new partners.
Oil Giants Profit Billions from Iran War: Outrage
Shell reports $6.9bn profits since Iran war began, sparking calls for higher taxes on fossil fuel companies to aid those hit by rising costs.
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The Crunch: Hollywood Dramas, Trump's Arch, and Oil
This week's Crunch newsletter examines Hollywood's shift away from dramas, Trump's monumental arch, Australia's oil use, and climate change hotspots.
NSW Wetlands Water Flows to Resume After Turtle Crisis
Water flows to parched NSW wetlands could resume within weeks after legislation passed the upper house, following a devastating halt that led to turtle deaths.
Inequality Adds 100,000 Deaths from Heat and Cold in Europe
Research shows economic inequality causes over 100,000 extra deaths from heat and cold in Europe annually. Reducing inequality could cut temperature-related mortality by 30%.
US Farmers Face Severe Wheat Losses from Extreme Weather
Extreme heat and drought in the Great Plains devastate winter wheat crops, with farmers in Kansas and Oklahoma facing record low yields and potential harvest abandonment.
European Airline Emissions Top Pre-Covid Levels
Aviation emissions in Europe have exceeded pre-pandemic levels, with Ryanair's carbon footprint up 50% since 2019, despite industry promises to cut emissions and use more fuel-efficient planes.
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Americans Living Without Cars in the US: Challenges and Benefits
Guardian readers share how they navigate US cities without cars, highlighting the benefits and challenges of walking, biking, and public transit in a car-centric country.
US Adds 115,000 Jobs in April, Unemployment Steady at 4.3%
US employers added 115,000 jobs in April, exceeding expectations, as unemployment held at 4.3% despite Middle East conflict and economic uncertainty.
US Jobs Beat Forecasts with 115,000 Added in April
The US economy added 115,000 jobs in April, surpassing forecasts of 62,000. March revised up to 185,000, but February revised down to a loss of 156,000.
Katy Gallagher on ‘Most Challenging’ Budget
Finance Minister Katy Gallagher discusses the toughest budget yet, addressing broken promises on negative gearing and defence spending increases.
Nevada Resort Becomes Ghost Town as Final Hotel Closes
Primm, Nevada, once a bustling gambling stop, becomes a ghost town after the last hotel and casino announces closure by July 4, marking the end of an era.
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Self-employed low earners twice as likely to file taxes late
HMRC data shows self-employed workers on lowest incomes are nearly twice as likely to miss the tax filing deadline as higher earners, highlighting systemic issues.
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