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UK exports to Middle East tumble as Iran war hits economy - business live
Good morning, and welcome to our rolling coverage of business, the financial markets, and the world econony. UK trade to the Middle East has shrunk since the Iran war began eight weeks ago, new data shows. The British Chambers of Commerce has…
Economic pain becomes decisive factor in Iran war endgame
The economic front in the U.S. war against Iran is reaching a crisis point for both sides, as negotiations on an end to the war remain deadlocked over Iran's nuclear program. Iran's stranglehold on the Strait of Hormuz has sent average U.S. gas…
Hilton's CEO says he sees a C-shaped economy emerging in the US
Hilton's CEO said America's K-shaped economy is converging as lower-income consumers are spending more. During a Tuesday earnings call, CEO Christopher Nassetta said that he expects 'improving performance in the lower and mid-chain scales' in the…
Bloomberg Surveillance: US Economy and Iran
The economy and the markets are 'under surveillance' as we cover the latest in finance, economics and investment. Listen to Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern for the top interviews from Bloomberg Surveillance Television. And join…
LECTRA: Q1 2026: economic slowdown, structural improvement
Q1 2026: economic slowdown, structural improvement Revenues: €113.2 million (-16 % / -11 %) EBITDA before non‑recurring items: €12.1 million (-43 % / -31 %), representing a margin of 10.6 % Equipment order backlog at March 31…
Iran: The Economic Damage Is Cumulative
Persistent closure of the Strait of Hormuz is driving surging energy prices, global inflation, and recession risk, with no imminent resolution in sight. Even a rapid reopening would leave cumulative economic damage, requiring months to clear mines…
Trump Approval Rating Hits Another Low-Voters Favor Biden's Economy
Trump's 42% approval rating is his lowest in the past year and down one point from March, according to an April Harvard CAPS/HarrisX poll, which found support for his actions in Iran is growing, despite concern across both parties about rising gas…
UK economy set for £35bn hit from Middle East energy crisis, think tank says
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The Middle East energy shock could wipe…
Democrats see bright spot in economy ahead of midterms
Voters are starting to trust Democrats more on the economy, offering a potential opening for the party to regain ground on kitchen-table issues ahead of November's midterms. For the first time since 2010, Americans say they trust Democrats more…
Senate Armed Services GOP argues defense spending will boost economy ahead of Hegseth testimony
The Senate Armed Services Committee (SASC) is rolling out its messaging playbook ahead of the Trump administration's push to pass President Trump's $1.5 trillion defense budget request, arguing that increasing defense spending will create more jobs…
Musk Vs Altman Trial Tests What Compute Economics Already Decided
ANKARA, TURKIYE - MARCH 14: In this photo illustration, the logo of 'OpenAI' is displayed on a mobile phone screen in front of a computer screen displaying the photographs of Elon Musk and Sam Altman in Ankara, Turkiye on March 14, 2024. (Photo by…
5 charts show what the economy looked like under Powell's Federal Reserve
It's Jerome Powell 's curtain call. The Federal Reserve chair's term is set to end on May 15 after eight years leading the central bank, making this week's Fed meeting his last in the post. Trump nominee Kevin Warsh is likely to be greenlit by the…
Energy crisis could wipe £35bn off UK economy - even in best-case scenario
The energy crisis triggered by the Iran war could wipe £35bn off the UK economy – even in the best-case scenario, a leading think tank has warned. But a prolonged conflict in the region could plunge the UK into recession during the…
UK economy set for £35bn hit from Middle East energy crisis, think tank says
The Middle East energy shock could wipe around £35 billion from the UK economy over the next two years in a “best-case” scenario, an economic think tank has warned. The National Institute of Economic and Social Research (Niesr)…
Russia's War Boom Masks an Economic Implosion
Earlier this year, the Alabuga industrial complex in Russia's Tatarstan region released a series of job recruitment ads aimed at Russian teenagers. The company promised the children full-time wages significantly above the national average to…
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