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Apollo's top economist says markets are overreacting and the Iran war won't derail the US economy
Most economists are worried about the long-term impact of the Iran war, both on the stock market and the broader economy. Torsten Sløk of Apollo Global Management isn't one of them. Sløk, the top economist at the private equity giant…
NI economy losing momentum ahead of Iran crisis
Economics and business editor, BBC News NI The Northern Ireland economy was still growing at the end of last year but showed signs of losing momentum, official data suggests. It comes amidst growing worries about the economic impacts of the…
The Iran War's Economic Winners and Losers
Before the Iran war, a huge amount of the fossil fuel consumed around the world passed through the Strait of Hormuz, including 34 percent of the crude oil, 19 percent of the liquefied natural gas, and 16 percent of the refined petroleum. Whether…
EU Finance Ministers Tally Economic Hit of Iran War
Eurozone finance ministers raised expectations for inflation and lowered them for growth this year as the Iran war continues to roil energy markets. “The outlook is clouded by profound uncertainty, but it is clear that we are at the risk of…
How China's economy could be the biggest victim of the Iran war | Opinion
China's National Development and Reform Commission announced on Monday that it would raise its maximum retail prices for gasoline and diesel. The increases—prices are normally adjusted every 10 days—were the largest ever recorded, but…
Putin 'begs oligarchs for cash' to help boost Russia's war-ravaged economy
CASH-strapped Vladimir Putin thrust out his begging bowl in a meeting with billionaire oligarchs as he looks to prop-up Moscow's war-ravaged economy, according to Russian media. The dictator reportedly held a behind-closed-doors meeting with a team…
India's Economic Growth to Exceed 7% in FY27, Driven by Domestic Demand
India's economy is set to maintain a robust growth trajectory above 7 per cent in fiscal year 2026-27, propelled by strong domestic consumption and investment, even as global economic growth faces potential slowdowns due to geopolitical tensions…
Watch How the Iran Conflict Impacts the Global Economy
How the Iran Conflict Impacts the Global Economy Geopolitical risks are rising as the Iran conflict threatens global markets. Bloomberg economist Stuart Paul and Marko Papic of BCA join Bloomberg Open Interest to break down the scenarios, including…
America's New Way of Economic War
President Donald Trump's decision late last year to start seizing Venezuelan oil tankers throughout the high seas marks a significant shift in American economic statecraft. For more than two decades, Washington drew a clear line between its use of…
What We Do in the Shadows: Will Private Credit Take Down the Economy?
Listen and subscribe to Everybody's Business on Apple, Spotify, iHeart and the Bloomberg Terminal What is worth $1.8 trillion dollars, is deeply intertwined with the software business, small banks, and cockroaches, is veiled in mystery, and could…
Sony hikes PS5 prices by up to $150 citing 'pressures' in global economy
Sony plans to raise prices of its PlayStation 5 console from April due to 'pressures in the global economic landscape.' In the U.S., the PS5 disc and digital edition will jump by $100 by the PS5 Pro price go up by $150. Sony is contending with…
Even wealthy Americans are souring on the economy as gas prices spike and stocks fall | CNN Business
Americans are growing more pessimistic about the US economy as the war on Iran continues to roil markets, with sentiment falling across all income groups - including the wealthiest.
AI music monetisation on the rise in digital economy
Earlier this month, Yang Ping, a 28-year-old programmer from Chengdu, Sichuan province, sold the rights to an artificial intelligence-generated song he had created in just about two hours for 50,000 yuan ($7,238) to a company, underscoring the…
Chinese VP calls for deepened China-South African economic cooperation
CAPE TOWN, March 27 (Xinhua) -- Chinese Vice President Han Zheng called for strengthened economic ties and broader strategic cooperation between China and South Africa during a forum in Cape Town on Friday. Han made the remarks at the China-South…
Europe's Economy Is Starting to Feel Pain From Trump's Iran War
The economic toll of the Iran war is hitting home in Europe, where more muted growth and faster inflation risk deepening industrial, fiscal and political pressures across the region. Donald Trump's military campaign, whose conclusion remains as…
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