Monday 18 May 2026 12:00 pm | Updated: Monday 18 May 2026 12:14 pm Reeves is tasked with keeping tax receipts intact despite the Iran war. The UN’s global financial fund has called on Chancellor Rachel Reeves to drop the triple lock pension and draw up “contingency” tax measures to ensure that public debt is
Airline industry executives are bracing for a worst-case “Armageddon” scenario under President Donald Trump as the Iran war is threatening critical shortages of jet fuel — and they expect that if things get worse, the industry could see more liquidations similar to what happened to Spirit Airlines earlier this year. According to the Daily Beast
…Inflation climbs for second straight month in April …As U.S/Iran war reverses disinflationary trend The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is facing severe pressure to maintain the benchmark interest rate at its upcoming meeting. Renewed geopolitical volatility in the Middle East has heightened global inflation fears, complicating the domestic
President Donald Trump continues to politically struggle in an economy marked by rising prices caused by his Iran war — and even many of his fellow conservatives see the problem. “Republicans could face a tsunami election in November if inflation continues to stay high” along with high gas prices explained Stephen Moore, a conservative economist
The Central Bank of Nigeria (CBN) has partially relaxed its 2024 cashless policy on Personal Travel Allowance (PTA) and Business Travel Allowance (BTA), introducing a 25 percent cash dollar payment option under the revised Foreign Exchange (FX) Manual set to take effect from June 1, 2026. Under the new framework, 75 percent of PTA and
Reuters reporter Brad Brooks reports that many rural MAGA still embrace President Donald Trump’s policies, no matter how it hurts them. Colorado resident Amy Van Duyn knows the price of gasoline has doubled to $4.34 per gallon since President Donald Trump returned to the White House last year. “I used to fill my tank for
Nigeria has secured its first sovereign credit rating upgrade in 14 years after S&P Global Ratings raised the country’s long-term foreign currency rating from ‘B-’ to ‘B’, citing sustained economic reforms, improved external buffers, and expanding domestic refining capacity. The upgrade, the first since 2012, comes with a stable outlook and follows similar positive rating
Reason Magazine reports President Donald Trump’s tariffs and his war with Iran appears to have personally played a role in killing a profitable North Carolina tire factory. “The Goodyear Rubber and Tire Co. announced this week that it would be shuttering its Fayetteville, North Carolina, plant that currently employs more than 1,700 workers,” reports Reason
Thursday 14 May 2026 10:26 am Traders are hitting the sell UK button. Traders are betting against the UK as the political storm in Westminster continues to send jitters through asset markets. The pound has tumbled to a two-week low against the dollar, clinging onto the $1.35 mark on Thursday morning. Meanwhile, figures from IG
President Donald Trump has many people he perceives as enemies in Washington, D.C., and few of them have resisted his pressures as successfully as outgoing Federal Reserve Chair Jerome Powell. Now, a former Obama-era economic adviser argued that he has left behind a “genius” playbook for those looking to beat back the president’s threats. Jason