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Headlines
Long Iran War May Require Painful Central Bank Tightening, IMF Chief Economist Says
Central banks may need to inflict much more economic pain to control inflation fueled by a long Middle East war than they did to control the spike in prices after the pandemic, the International Monetary Fund's chief economist…
Spanish Inflation Rises to 3.4% in March Due to Higher Fuel Prices
Spain's inflation rate rose to 3.4% in March, driven mainly by higher fuel prices linked to the Middle East war, Reuters reported. The figure, confirmed by the National Statistics Institute (INE), represents an increase of 1.1…
Australia Inc Starts to Feel Iran War Fallout, Raising Stagflation Risk
Australia's corporates are starting to count the cost of the war in the Middle East, with profit warnings from two top companies and a crash in business sentiment pointing to pain from rising prices, raising the risk of…