Economy
Layoffs, Inflation Batter Iran’s War-Struck Economy
Iran's economy faces mass layoffs and soaring inflation due to war, compounded by destroyed infrastructure and internet blackouts, creating a dire outlook...
Economy 164 articles
Economy
Iran War Threatens Deeper Trade Crisis Than COVID
The Iran war's disruption of the Strait of Hormuz poses a greater, more acute supply chain challenge than COVID-19, forcing a fundamental...
Economy
Sudan’s Farmers Face Ruin as Middle East Conflict Drives Up Costs
Sudanese farmers, already reeling from three years of domestic war, now confront soaring fuel and fertilizer prices due to the Middle East...
Economy
Trade Court Invalidates Second Trump Tariff Round
The Court of International Trade has struck down a second round of Trump administration tariffs, following an earlier Supreme Court ruling. Importers...
Economy
Jobless Claims Tick Up to 200K, Still Near Historic Lows
US jobless claims rose to 200,000 last week, a slight increase but remaining historically low amid inflation and global economic uncertainty.
Economy
Hyster-Yale Forecasts $40M Tariff Refunds, Q2 Profit Low
Hyster-Yale expects $40 million in tariff refunds, providing a financial boost as it anticipates Q2 2026 to be the profit low point...
Economy
G7 Ministers Target Critical Mineral Supply Chains
G7 trade ministers convened to forge common ground on critical mineral supply chains, signaling a united front against geopolitical trade uncertainties.
Economy
BoC Ready to Hike Rates if Energy Prices Fuel Broader Inflation
Bank of Canada Governor Tiff Macklem told MPs that interest rate hikes are possible if high energy prices lead to persistent, generalized...
Economy
Trump’s Economy: Strong Growth Meets Soaring Costs Ahead of Midterms
Despite robust Q1 2026 GDP growth driven by AI investment, American voters face a rising cost of living and higher borrowing costs...