Global Economy News
Latest articles and news about Global Economy on AXL Media.
Latest Articles
- Global Food Systems Face Catastrophic Collapse as Biodiversity Loss Threatens Financial Stability
Published: May 1, 2026
Section: Research
A joint report from Anglia Ruskin University and the Institute and Faculty of Actuaries warns that nature loss is creating systemic risks for global food security. Chronic ecologic...
- UN Chief Warns of Global Economic "Strangulation" as Strait of Hormuz Closure Persists
Published: Apr 30, 2026
Section: Middle East
United Nations Secretary-General António Guterres has issued a dire warning regarding the prolonged effective closure of the Strait of Hormuz. Highlighting the severe impact of the...
- Trump Asserts Iranian Government is in State of Financial Collapse Amid Hormuz Blockade Crisis
Published: Apr 28, 2026
Section: Iran War
President Donald Trump claimed on Tuesday that Iran has privately informed U.S. officials of an internal "collapse," requesting the immediate reopening of the Strait of Hormuz. The...
- Sony to Implement Regional PlayStation 5 Price Hikes in Singapore Amid Global Economic Pressures
Published: Apr 27, 2026
Section: Asia
Recommended retail prices for PlayStation 5 consoles in Singapore will increase by up to $100 starting May 1, 2026. Sony Interactive Entertainment attributed the adjustment to pers...
- Chevron CEO Mike Wirth Warns Global Energy System Has Lost Vital Shock Absorbers Amid Middle East Conflict
Published: Apr 26, 2026
Section: US & Canada
Chevron Chairman and CEO Mike Wirth stated that the ongoing disruption in the Strait of Hormuz has removed critical flexibility from the global energy market. Speaking on "Face the...
- Kremlin Weighs Putin’s Attendance at Miami G20 Summit Following Strategic Invitation From Trump Administration
Published: Apr 25, 2026
Section: Europe
Dmitry Peskov, the Kremlin’s lead spokesperson, announced on April 24, 2026, that Russian President Vladimir Putin may personally attend the upcoming G20 summit in Miami, Florida....
- Global Gasoline Prices Exhibit Extreme Volatility as Costs Range from Nine Cents to Fifteen Dollars Per Gallon
Published: Apr 24, 2026
Section: Oil
A comprehensive global analysis reveals that gasoline prices have reached an average of $5.58 per gallon, with massive disparities driven by national subsidies and heavy taxation....
- Tehran Deposits First Revenue from Strategic Strait of Hormuz Tolls into Central Bank
Published: Apr 23, 2026
Section: Middle East
Iran has officially collected and deposited its first revenue from a controversial toll system imposed on vessels transiting the Strait of Hormuz. Deputy Speaker of Parliament Hami...
- Trump Defends Hormuz Blockade To Prevent Iran From ‘Taxing’ Global Shipping
Published: Apr 22, 2026
Section: US & Canada
President Donald Trump stated his intention to maintain a total blockade of the Strait of Hormuz, claiming Iran seeks to reopen the channel to collect $500 million daily in transit...
- IEA Chief Declares Iran Conflict the Gravest Energy Crisis in Global History
Published: Apr 21, 2026
Section: Middle East
Fatih Birol, Executive Director of the International Energy Agency, has classified the ongoing conflict involving Iran, the United States, and Israel as the most significant energy...
- Trump Blockade Strategy Forces Reopening of Strait of Hormuz as Global Markets Rally
Published: Apr 18, 2026
Section: Global Economy
The global economic outlook has shifted from a looming recession to cautious optimism following the reopening of the Strait of Hormuz to commercial shipping on April 17, 2026. Pres...
- Federal Reserve Governor Christopher Waller Warns Markets Undervalue Risk of Prolonged Iran Conflict
Published: Apr 18, 2026
Section: Global Economy
Federal Reserve Governor Christopher Waller has issued a warning that financial markets are underestimating the inflationary impact of a continued war involving Iran. Waller, tradi...