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Economy

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Economy

Iran Conflict Threatens UK Food Prices, Starmer Forms Crisis Panel

Retailers forecast significant cost increases for consumers despite a temporary dip in April's shop price inflation, prompting government action.

EconomyApril 28, 2026

Snabbit Secures $56 Million Funding, Valued at $350 Million

The substantial capital injection positions the on-demand home services provider for significant expansion in India's rapidly urbanizing markets.

EconomyApril 28, 2026

BOJ Holds Rates Amid Iran War Inflation, Cuts Growth Forecasts

Japan's central bank maintained its policy rate at 0.75% despite rising inflation estimates and lowered growth projections, citing the Middle East crisis.

EconomyApril 28, 2026

CATL Seeks $5 Billion Equity Push Amid Global EV Battery Race

Contemporary Amperex Technology, a leading EV battery producer, announced plans for a HK$39.2 billion private placement to fuel its international expansion and zero-carbon initiatives.

EconomyApril 28, 2026

Consumer Spending Splits: Low-End, Luxury Thrive as Mid-Tier Fades

Federal Reserve's Beige Book details a widening gap in consumer spending, favoring extreme price points and challenging traditional retail models.

EconomyApril 28, 2026

Nvidia Hits $5.3 Trillion Valuation, Reshaping Tech Landscape

The chipmaker's valuation cemented its position as the world's most valuable company, driven by escalating demand for artificial intelligence infrastructure.

EconomyApril 27, 2026

Budget Airlines Seek $2.5 Billion Aid; Spirit Nears $500 Million Rescue

Amid soaring jet fuel costs linked to the Iran war, a coalition of budget carriers asked for federal assistance, while Spirit Airlines inches closer to a separate rescue package.

EconomyApril 27, 2026

Budget Airlines Seek $2.5 Billion Aid; Spirit Nears $500 Million Rescue

Amid soaring jet fuel costs linked to the Iran war, a coalition of budget carriers asked for federal assistance, while Spirit Airlines inches closer to a separate rescue package.

EconomyApril 27, 2026

Prediction Markets Face US Crackdown After Venezuela Insider Trading

Federal and state regulators intensify oversight of speculative trading platforms, raising questions about market integrity and national security as industry players defend their models.

EconomyApril 27, 2026

Prediction Markets Face Scrutiny: Trump Family Bets on Regulation Fight

U.S. regulators and state attorneys general challenge event betting platforms over insider trading allegations, illegal gambling claims, and national security risks.