The UK economy was in recession until the end of last year before the Iran war

William Schomberg

Item 1 of 5 Shoppers walk along Regent Street in London, Britain, May 15, 2025. REUTERS/Maja Smiejkowska/File Photo [1/5]Shoppers walk along Regent Street in London, Britain, May 15, 2025. REUTERS/Maja Smiejkowska/File Photo Purchase Licensing Rightsopens a new tab UK GDP confirmed at +0.1% in Q4 The Iran war is expected to be a major concern … Read more

Global bonds are reeling from heavy monthly losses as the war economy grows

Bond markets are under pressure as the war in the Middle East raises inflation concerns

Prolonged conflicts change the market’s focus to bearish growth Central banks walk a tightrope; UK long-term interest rates are expected to rise by around 100 bps in March Germany is up 69bps, US is up 50bps SINGAPORE/LONDON/NEW YORK, March 30 (Reuters) – Global government bonds are headed for their biggest monthly decline in years as … Read more

Insiders profit as pressure levels increase in the global economy

A man is holding a can of petrol next to his car.

The winners are thin on the ground now. In a case of bad timing, US President Donald Trump last week planned Easter Monday as the day he would “raise hell” if Iran’s leaders reject his latest peace plan. Iran war updates: For the latest on the Middle East conflict, read our blog. It was after … Read more

The world economy is facing its worst oil crisis in decades. The worst may yet be on the way.

The world economy is facing its worst oil crisis in decades. The worst may yet be on the way.

Rising oil prices continue to weigh on the world economy as a result of the war with Iran. Now, some analysts say it could be worst as the conflict continues. The concern is that apart from the effects of rising oil prices, the disruption of the war may come in waves – it will play … Read more

Powell sees inflation slowing, not necessarily rising due to oil scare

Fed Chair Powell: Inflation expectations appear to be fairly stable over the short term

The chairman of the Federal Reserve Jerome Powell, in a wide speech at Harvard University, said on Monday that he sees inflation expectations established despite the rise in energy prices so the central bank does not need to respond with higher interest rates. As his term leading the central bank draws to a close, Powell … Read more

Russian billionaire Deripaska proposes 12-hour workday to save economy

After breaking through its deficit target, Russia continues to create an economy to support the War.

Russian billionaire Oleg Deripaska has urged citizens to adopt a 12-hour, six-day work week to accelerate the country’s economic transformation, The Moscow Times reported on March 30, 2026. Writing on his social media channels, the industrialist argued that Russia’s resources are limited and that the only way to deal with the global crisis is through … Read more

Pessimism begins in Europe as the Iran war hits the economy and consumer confidence

The conflict in Iran enters its fifth week as the Houthis attack new territory

Shoppers walk past fruit and vegetable stalls at the Bauveau Market in Paris, France, on Wednesday, February 15, 2023. Bloomberg | Bloomberg | Getty Images Economic and consumer confidence fell in Europe in March, according to official data released on Monday, in the latest evidence that the war in Iran is weighing on growth and … Read more

China’s “teapot” oil booms are keeping the economy growing – but rising prices are leaving them in trouble.

China's "teapot" oil booms are keeping the economy growing - but rising prices are leaving them in trouble.

TThe cities that are the bulwark of China’s energy security, in times of global crisis, can appear deceptively quiet. Oil trucks ply the open roads with little traffic, while a few quaint shops in dilapidated buildings give a hint of a long-forgotten local vibe. The ramshackle noodle shop serving hand-pulled noodles was empty at lunchtime, … Read more

Cover Story: China Buys Income Growth to Balance Its Economy

Cover Story: China Buys Income Growth to Balance Its Economy

1. For the first time, China has included a comprehensive plan to strengthen household income in its top-level policy framework, which marks a major change as policymakers deal with low consumer spending despite GDP per capita holding above $13,000 for two years. The Urban and Rural Income Development Plan, proposed by the Communist Party in … Read more

From oil to food to markets: How the month of war in Iran has revived the world economy

From oil to food to markets: How the month of war in Iran has revived the world economy

It’s not easy being a global economy right now. One month into the US and Israel’s war against Iran, fears are raising concerns about everything from supply chains to airline travel. While the price of a barrel of oil remains north of $100, from $70 before the war, the price of gas in the US … Read more