Economic

• De uiteenlopende economische ontwikkelingen in diverse Aziatische landen genereren aantrekkelijke kansen op de markten voor vastrentende waarden, ondanks geopolitieke tegenwind. • Regionale kredietmarkten hebben een sterke veerkracht getoond bij het weerstaan van recente spanningen gerelateerd aan onzekerheden over het staakt-het-vuren tussen de VS en Iran en de volatiliteit van olieprijzen. • Beleggers richten zich op deze verschillen voor rendementsvoordelen, terwijl centrale banken elk op een andere manier navigeren door inflatie en rentetrajecten.

• De overwinning in Farrer werpt een schaduw over het budget, nu de regering aangeeft zich bewust te zijn van de populistisch rechtse dreiging. • Volg onze liveblog met Australisch nieuws voor de laatste updates. • Ontvang onze breaking news-mail, gratis app of dagelijkse nieuwspodcast.

• China Daily benadrukt dat het Regional Comprehensive Economic Partnership (RCEP), 's werelds grootste vrijhandelsakkoord, steeds belangrijker wordt voor het verankeren van groei in Azië te midden van wereldwijde onzekerheden. • RCEP beslaat 30% van het wereldwijde BBP en de wereldbevolking en faciliteert een diepere integratie van toeleveringsketens en tariefverlagingen tussen 15 lidstaten, waaronder China, Japan, Zuid-Korea, de ASEAN-landen en Australië. • De uitbreiding van de handelsregels binnen het pact ondersteunt de veerkracht tegen handelsoorlogen en economische vertragingen, waardoor de intra-Aziatische handel in keysectoren naar schatting met 10-15% stijgt.

• Japanse beleidsmakers maken gebruik van het vermogen en de activa van huishoudens om industriële ambities te ondersteunen binnen een nieuw kader voor economische veiligheid. • Tokyo streeft ernaar de economische veerkracht te vergroten via deze innovatieve financieringsaanpak. • Het model zou andere Aziatische landen kunnen inspireren om 'naar het oosten' te kijken voor groeistrategieën te midden van wereldwijde onzekerheden.

• Singapore hosted a gathering of global leaders at Capella Singapore to examine the economic and policy impacts of artificial intelligence deployment worldwide. • The event focused on how governments and organizations can implement AI responsibly while fostering innovation and maintaining digital competitiveness in their respective markets. • This policy-focused dialogue reflects Singapore's strategic positioning as a regional hub for technology governance and AI ethics discussions in the Asia-Pacific region.

• Japan announced plans to establish a ¥500 billion fund aimed at reinforcing economic security, with implications for Southeast Asian supply chains. • The fund will support critical technology investments and diversification away from high-risk dependencies, targeting partners in ASEAN nations like Indonesia and Vietnam. • This initiative addresses vulnerabilities exposed by recent geopolitical tensions, enhancing regional resilience against disruptions.

• Southeast Asia's economic resilience is under pressure from a fragmented global economy, requiring deeper intra-regional integration, according to The Business Times analysis. • Key challenges include trade barriers and supply chain shifts, with ASEAN's intra-regional trade at just 25% of total commerce. • Strategic engagement with partners like the US, China, and EU is essential to mitigate deglobalization risks and sustain growth above 4.5% annually.

War has combined with battered economy to leave Tehran wondering how hardline it can afford to beIran may not be choking like a stuffed pig as Donald Trump predicted, but its economy is in serious difficulty as a combination of a massive war-damages bill, inflation, currency devaluation, unemployment and a contraction in oil revenues combine to leave the political elite worrying how hardline they can afford to be with their US negotiators. One estimate circulating in Iran’s media suggests the damage to the economy from the US-Israeli attacks is nine times the value of the Iranian budget last year.The UN Development Programme has estimated that 4.1 million more Iranians could fall into poverty. Continue reading...

• Treasury Secretary Scott Bessent described President Trump's economic measures as suffocating Iran's regime during a May 3 Fox News appearance. • Iran's economy faces $435 million daily losses and 112% food inflation due to the U.S. blockade, per FOX Business analysis. • Rising U.S. gas prices from the Iran conflict are creating broader economic challenges despite the pressure on Tehran.

• Trading Economics updated the United States Calendar on Saturday, May 2, 2026, covering interest rates, inflation, labor, GDP, and more. • The calendar tracks 20 million indicators from 196 countries, providing consensus forecasts and historical data. • Investors rely on this for upcoming economic releases that could sway markets and policy decisions.

• India's Goods and Services Tax (GST) collections increased 8.7% to ₹2.42 lakh crore, demonstrating continued economic strength despite recent market corrections and global uncertainties. • The strong GST collection figures reflect robust consumer spending and improved tax compliance across India's formal economy, providing crucial revenue for government budgets. • This economic indicator comes amid broader market volatility, with Wall Street posting its best month since 2020, suggesting potential stabilization in global financial conditions affecting Indian markets.

Walkouts, marches and other gatherings planned for ‘May Day Strong’ demonstrations across the countryThousands are set to join an economic blackout for International Workers’ Day on Friday, as part of 3,500 “May Day Strong” events across the country. Organizers are calling for “no school, no work, no shopping” with walkouts, marches, block parties and other gatherings planned into the evening.May Day has long been an annual day of protest for the labor movement, and this year, many active movements are converging to fight for “a nation that puts workers over billionaires”. Demanding no ICE, no war, and taxing the rich, the May Day Strong coalition includes labor unions, immigrants rights groups, political organizations such as the Democratic Socialists of America, and the organizers behind the No Kings protests. Friday’s economic disruption builds on a similar coordinated effort out of Minnesota in January, when tens of thousands of Twin Cities residents took off from school and work to flood the streets in protest of federal immigration agents storming the city. Continue reading...

• The Trump administration has announced 'Operation Economic Fury,' implementing a comprehensive blockade against Iran as part of an expanded sanctions campaign. • The initiative represents a significant escalation in economic pressure against Iran, marking a shift in US foreign policy toward more aggressive measures. • This action comes amid broader geopolitical tensions in the Middle East and follows months of diplomatic tension between the US and Iran.

First quarter output, driven by AI investment and government spending, rose as oil shock fuels inflation fearsUS gross domestic product (GDP) accelerated 2% in the first three months of 2026, though consumer spending is slowing as the war with Iran continues to impact energy prices.The last GDP reading for the fourth quarter of 2025 showed that US economic growth slowed to a 0.5% pace, largely due to a contraction in government spending after massive layoffs of federal workers last year. The federal government is down 355,000 workers, or 11.8% of the workforce, since October 2024, according to the Bureau of Labor Statistics. Continue reading...

• Gas prices have surged above $4 per gallon and flights skyrocketed as the Strait of Hormuz blockade impacts energy markets amid the US-Israel war with Iran, eroding Trump's key political advantage. • More than three-quarters of registered voters—including over half of Republicans and 82% of independents—now blame Trump for the cost-of-living crisis affecting fuel, groceries, housing, and healthcare. • Trump's second-term approval ratings have fallen far faster than previous presidents after a government shutdown, tariffs, and the joint US-Israel attack on Iran, with Federal Reserve Chair Jerome Powell warning the war is fueling inflation.

Actions expected to exceed 3,000 as unions and groups expand protests inspired by Minnesota ICE crackdownLabor unions, democratic organizations and community groups are organizing an economic blackout this year to commemorate May Day, International Workers Day, inspired by the economic blackout in Minnesota during the massive ICE operation in the state.May Day Strong events are being planned across the US, with organizers calling for “no school, no work, no shopping”, in protest of government policies they say put billionaires’ needs above those of workers. Continue reading...

• President Donald Trump signed a series of emergency executive orders from the Oval Office on April 25, 2026, enacting the 'World's Most Powerful Reset' to address national security and economic stability. • The orders grant the administration vast new powers over the U.S. economy and financial system, potentially altering the Federal Reserve's role amid foreign threats. • The actions have triggered fierce debate over constitutional authority, with volatile reactions from Democrats and Republicans, and shockwaves in global markets.

• President Donald Trump signed a series of emergency executive orders from the Oval Office, dubbed the 'World's Most Powerful Reset,' targeting U.S. economic stability and national security. • The orders grant the administration expanded powers over the economy and financial system, including potential alterations to the Federal Reserve's role amid foreign threats. • The actions have triggered market volatility, fierce partisan debate, and questions over constitutional authority from Democrats and some Republicans.

• The U.S. market advanced 1.7% over the past seven days, continuing its strong performance with a 34% gain over the past year. • Earnings are projected to grow by 16% annually, reflecting broad-based economic expansion across sectors. • The sustained market strength indicates investor confidence in corporate profitability and economic fundamentals heading into late April.

Consumer confidence hit its lowest level since October 2023 this month, with surveys showing the cost pressures companies are facingConfidence in the UK economy has fallen sharply amid the mounting economic fallout from the Iran war, surveys show, as businesses prepare to raise their prices and consumers brace for a fresh cost of living shock.Highlighting the knock-on impact of the Middle East crisis in Britain, several closely-watched surveys of business activity and consumer confidence blamed the ongoing US-Israeli war on Iran for a marked deterioration in the outlook in April. Continue reading...

Prime minister details efforts to attract investment and sign trade deals with other countries in 10-minute video addressCanada’s strong economic ties to the United States were once a strength but are now a weakness that must be corrected, the country’s prime minister has warnedIn a 10-minute video address, Mark Carney spoke about his government’s efforts to strengthen the Canadian economy by attracting new investments and signing trade deals with other countries. Continue reading...

Agreements would aim to shield British industry from new steel tariffs and stricter rules on electric vehicles due in 2027Downing Street hopes to secure deals on steel and electric cars with the EU as it seeks to upgrade the post-Brexit economic relationship.Amid economic uncertainty caused by the conflict in the Middle East and strains in relations with the US, Keir Starmer is seeking closer economic ties with the EU. Continue reading...

• President Donald Trump signed a series of emergency executive orders from the Oval Office, with the White House describing them as the 'World's Most Powerful Reset,' reportedly granting the administration vast new powers over the U.S. economy and financial system. • The orders are grounded in national security protocols and reportedly address economic stability and foreign threats, with details remaining tightly controlled by the White House. • The executive action has triggered fierce debate over presidential constitutional authority and sparked volatile political reactions from both Democrats and Republicans across the political spectrum.

• The United Kingdom, United States, Italy, and France have jointly emphasized the urgent need for peace, stability, and long-term prosperity in the Middle East as the Iran crisis threatens global economic and security interests. • The four Western powers are coordinating on a de-escalation strategy focused on protecting civilian lives, safeguarding global energy routes, and reopening key trade corridors including the Strait of Hormuz. • Western officials have highlighted concerns over global energy disruption, inflation risks, and the need for immediate diplomatic resolution amid the escalating regional tensions.

Conflict is pushing up price of energy and food, fuelling higher borrowing costs and hitting growth, report saysIran war escalation could trigger global recession, IMF warnsBusiness live – latest updatesThe Iran war risks triggering a rise in global debt levels, forcing governments to choose between cushioning a cost of living shock and maintaining sound public finances, the International Monetary Fund has warned.Against a volatile backdrop of the Middle East conflict, the Washington-based fund said the war could add to the already strained position of government finances throughout the world. Continue reading...

US military boasts blockade of the strait of Hormuz will incapacitate Iran’s economy; Trump says negotiations could return to PakistanUS-Iran peace talks could resume in next two days, Trump saysWelcome to the Guardian’s continuing coverage of the crisis in the Middle East.The US military has said American forces have completely halted economic trade going in and out of Iran by sea through a blockade.An estimated 90% of Iran’s economy is fueled by international trade by sea. In less than 36 hours since the blockade was implemented, U.S. forces have completely halted economic trade going into and out of Iran by sea.”Donald Trump has said that talks with Iran could resume in Pakistan over the next two days, according to an interview with the New York Post. “Something could be happening over the next two days, and we’re more inclined to go there,” Trump was quoted as saying.US secretary of state Marco Rubio said Israel-Lebanon talks in Washington on Tuesday were a “historic opportunity”. He said that while every complexity would not be resolved immediately, he hoped the parties would begin to move forward.Lebanon’s president expressed hope that direct talks would lead to an end to his country’s “suffering” after war erupted again between Israel and Hezbollah last month. “I hope that the meeting in Washington... will mark the beginning of the end of the suffering of the Lebanese people in general, and those in the south in particular,” president Joseph Aoun said in a statement, adding that “stability will not return to the south if Israel continues to occupy its lands”.Lebanon’s top envoy to the US said the high-level diplomatic engagement between her country and Israel was “constructive,” but urged an end to the ongoing conflict between Israel and Iran-backed Hezbollah militants that has displaced thousands of Lebanese. After participating in Tuesday’s talks with Rubio and Israel’s ambassador to the US, Nada Hamadeh Moawad said she had “underscored the need to preserve our territorial integrity and state sovereignty”.The US will not renew a 30-day waiver of sanctions on Iranian oil at sea that expires this week officials told Reuters, as the US imposes a blockade on shipments from Iranian ports.UK prime minister Keir Starmer and French president Emmanuel Macron will co-host a summit in Paris on Friday focused on efforts to reopen the strait of Hormuz, Downing Street said. A spokesperson said: “The summit will advance work towards a coordinated, independent, multinational plan to safeguard international shipping once the conflict ends.”Trump criticised Italian prime minister Giorgia Meloni, a political ally, in an interview published on Tuesday for her unwillingness to help in the Iran war. “I’m shocked at her. I thought she had courage, but I was wrong,” he told Italian daily Corriere della Sera.Foreign ministers from Saudi Arabia, Pakistan and Egypt will meet Turkey’s top diplomat this week for talks on regional matters, a ministry source told AFP on Tuesday. “This is the third meeting of the four countries to discuss regional affairs, not specifically Hormuz,” said the source, who wished to remain anonymous.Hezbollah said it targeted 13 northern Israeli towns with rockets shortly after the start of Lebanese-Israeli talks in Washington. In a statement, the group said it targeted Kiryat Shmona, Metula and 11 other towns “with simultaneous rocket salvos” at 6.15pm.US treasury secretary Scott Bessent has said the underlying US economy remains strong and that growth could still exceed 3% or 3.5% this year despite the impact of the US-Israel war on Iran. Earlier on Tuesday, the International Monetary Fund (IMF) cut its growth forecasts for 2026 based on the impact of the war and said any further escalation in the conflict could trigger a global recession. Bessent however cast cuts in global growth forecasts and higher inflation projections by the IMF and World Bank as an overreaction. Continue reading...

Oil-driven inflation is big challenge to world economy, lifting inflation and depressing growth, says bank’s chairBusiness live – latest updatesHSBC bosses have said the Iran war is already hitting global economic confidence, as a string of business leaders warned over the impact of the conflict.Georges Elhedery, the Lebanon-born chief executive of the bank, told Bloomberg Television at a HSBC conference in Hong Kong: “We’re saddened and concerned with what’s happening in the Middle East, and we’re concerned not just with what’s happening but also with how long this will take. Continue reading...

Nationals leader’s solution to the high cost of living is to force us to buy more expensive, locally made goodsMatt Canavan’s “economic revolution” is a populist mirage masquerading as an answer to a generational challenge that will define our prosperity in the decades to come.That challenge is: how do we create a new economy that is more resilient, secure and affordable, without undermining our prosperity?Patrick Commins is Guardian Australia’s economics editor Continue reading...