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Economic
By udcadmin
May 1, 2026
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United Diplomatic Council at the Ecuador Cultural Center in New Delhi, Advancing Cultural Diplomacy

International Economic Updates

Spirit Airlines shutting down after rescue talks collapse
The airline had been in talks with the Trump administration about a $500m bailout.
Mortgages, jobs and energy bills - how the Iran war will affect your money
The Bank of England's latest report reveals some interesting details on how our finances will be affected due to the Iran war.
Pentagon says US military to be an 'AI-first' fighting force
The US military has agreed eight new contracts with big tech firms as it expands its artificial intelligence capabilities.
Trump says he will hike tariffs on EU cars to 25%
The current level of tariffs charged on goods entering the US from the EU is 15%, under a deal negotiated last July.
The Real Greek rescued by Cote Brasserie-owner
All but nine of the Mediterranean chain's 28 outlets are being taken over by the family-owned Karali group.
No evidence of widespread fuel price-gouging, watchdog says
Profit margins were "broadly unchanged" between February and March, the UK's competition watchdog says.
Crayola toys recalled over possible asbestos contamination
People should stop using the products immediately and keep out of the reach of children, the government says.
Billions of meals at risk due to Iran war, says fertiliser boss
A shortage of fertiliser due to the Iran conflict could reduce crop yields and push prices higher, says the boss of Yara.
'I earn £36k but I can't afford to buy a house'
Shelter Cymru says privately rented homes are unaffordable for most people across Wales.
South East Water chair resigns after critical report
It comes after a group of MPs declared that they had no confidence in the company's leadership.

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