Economy Industry News
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New Zealand struggles to regain economic mojo without housing recovery
For decades, New Zealand has relied on inflating the housing market to engineer a recovery during downturns, but the playbook has failed this time, putting policymakers in a quandary just as the Middle East war adds a new layer of…
Catastrophic domino effect set to hit Australia's fragile economy
War in Iran sending fuel prices soaring Domino effect will impact all Australians READ MORE: What Australians need to know today Shutting down the Strait of Hormuz would create a domino effect on the Australian economy by increasing inflation…
Stock markets rocked by Trump's Iran ultimatum, as UK economy faces growth hit - business live
Donald Trump's threat to ‘obliterate' Iran's power plants unless the strait of Hormuz reopens is hitting global stock markets today. A wave of selling is sweeping through Asia-Pacific markets at the start of the week. Japan's Nikkei has…
UK's Starmer calls emergency meeting on economy as Iran war risks mount
British Prime Minister Keir Starmer is set to chair an emergency meeting on the economic fallout from the war in Iran on Monday, with Finance Minister Rachel Reeves and Bank of England Governor Andrew Bailey, the government…
Keir Starmer to hold Cobra meeting as Iran war economic fears grow
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. Prime Minister Sir Keir Starmer will hold a…
Outdoor Recreation Industry Provides $10.6 Billion Impact On Maryland Economy
ANNAPOLIS, Md. – Maryland's outdoor industry generated 1.9% of Maryland's gross domestic in 2024, according to a recent report by the federal Bureau of Economic Analysis, generating $10.6 billion through boating, hiking, hunting, fishing…
Keir Starmer warned of 'economic crisis' as he holds emergency Iran war meeting
Keir Starmer will chair an emergency COBR meeting on Monday - as a union chief warns the Iran war leaves Britain facing an economic crisis. The Prime Minister, who will be joined by Bank of England chief Andrew Bailey, is expected to focus on the…
Indian sports economy crosses $2 billion: WPP Media report
WPP Media's latest Sporting Nation report shows India's sports economy crossed the $2 billion mark for the first time in 2025, reaching Rs 8,864 crore, up 13.4% from Rs 16,633 crore in 2024. The report positions this as part of a longer growth…
UK staring down barrel of economic crisis - caused by Trump reckless Iran war
None of us wanted to be here. But Britain is staring down the barrel of another economic crisis - one caused by Donald Trump's reckless and illegal war with Iran. It's vital we de-escalate this conflict. But the longer it goes on the more important…
Belgian PM's 'China devastating our economy' remarks seen as bid to find scapegoat for EU's economic distress, outdated rhetoric: Chinese expert
Belgian Prime Minister Bart De Wever speaks at the annual New Year forum “The Future of Europe,” co-hosted by leading Belgian financial newspapers De Tijd and L'Echo. Photo: Screenshot from website. Remarks made by Belgian Prime…
Global economy faces major, major threat due to Iran war'
The world could be heading towards one of the most severe energy crises in decades, International Energy Agency (IEA) Chief Fatih Birol has warned, citing escalating disruptions in the Middle East due to the ongoing conflict. Speaking before the…
Stock Market Crash: How Middle East Conflict Impacts Indian Economy
Escalating Middle East tensions and rising crude oil prices trigger a sharp decline in the Sensex and Nifty, highlighting the impact of global events on the Indian stock market. Sensex and Nifty indices plummet due to escalating Middle East…
Section 301 probes raise tariff risks for developing economies
PETALING JAYA: The United States' latest trade investigations are set to heighten tariff risks for developing economies, as Washington revives a long-standing legal tool to pressure trading partners. International trade expert Abhijit Das said the…
Not just buying 'things': Why China's emotional economy is on the rise
Data shows that Chinese consumers are increasingly spending on goods and experiences chosen for their emotional resonance over practical value. While some analysts see these consumption patterns as a stress response, others see it as a function of…
The economy has a Strait of Hormuz deadline for Trump: Two weeks
Corporate executives on a recent CNBC CFO Council call expressed concern about the risk of a sustained rise in oil prices if the Strait of Hormuz closure is not soon resolved. President Trump issued a deadline for Iran to reopen the strait over the…
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