Economic impact
25 stories related to this topic, newest first.
rediff.comStudy Estimates Long COVID Economic Burden Above $8 Billion Through 2027
A computational model projects annual U.S. costs between $2 billion and $3.4 billion depending on incidence rates. Productivity losses account for more than 90 percent of the total.
upi.comIranian government says 88-day internet blackout to end after January protests
An Iranian government announcement on Tuesday stated that an 88-day internet blackout would end, but monitors reported no immediate change in access. Officials said restoration would occur gradually after a vote by the special taskforce for cyberspace management.
rediff.comStudy Estimates Long COVID Economic Burden at $8 Billion Through 2027
A computational model projects annual U.S. costs between $2 billion and $3.4 billion depending on incidence rates. Federal research funding and the dedicated long COVID office were ended in 2025.
msnbc.comDutch Officials Meet Representatives of Aid Groups Designated by Israel
Dutch officials met with representatives of aid organizations that Israel has designated as outlawed. The meeting addressed conditions in occupied Gaza and the West Bank.
Iran Maintains Tiered Internet Access for Businesses and Academics Three Months After Protests and Cyberattacks
The longest internet blackout on record, which began Jan. 8 amid anti-government protests, has cost Iranians $1.8 billion in two months while a privileged access program approved in February grants select users full global connectivity. Businesses, unions and President Masoud Pez…
abcnews.go.comPoll Finds Half of Americans Expect Higher Gas Prices Over Next Year
An ABC News/Washington Post/Ipsos poll released last week found that 50% of Americans expect gas prices to rise further in the coming year. Four in 10 respondents said they are not as well off financially as when the current administration took office in January 2025, with nearly…
koreatimes.co.kr (News photo)US Takes Steps to Reopen Strait of Hormuz
US forces are pushing to restore shipping through the Strait of Hormuz as the war with Iran continues, causing oil price volatility and economic fallout. HSBC reported profit declines linked to the conflict and fraud charges, while global leaders call for de-escalation. Accusatio…
uctoday.comUS and Iranian Vessels Collide in Strait of Hormuz
Tensions persist in the Strait of Hormuz as the US and Iran exchange fire despite a ceasefire, with commercial shipping halted and vessels clustering near Dubai. US Defense Secretary Pete Hegseth affirmed the truce holds but warned of devastating responses to attacks on shipping.…
Japan TimesIsrael-Iran Conflict Reduces Pilgrims to Najaf and Karbala
A Middle East war sparked by U.S.-Israeli strikes on Iran in late February 2026 has drastically reduced religious tourism in Iraq's holy cities. Hotel closures and layoffs have hit Najaf and Karbala hard, with pilgrim numbers down by up to 95 percent despite a fragile ceasefire.…
Spirit Airlines Files Second Bankruptcy and Halts Operations After Failed Recovery Negotiations
Spirit Airlines announced it is winding down global operations effective immediately, marking its second bankruptcy in 12 months. Transportation Secretary Sean Duffy attributed the collapse to pre-existing issues rather than the Iran war. Rival airlines introduced discounts and h…
news.sky.comUS Officials Estimate $50 Billion Cost of War With Iran
US officials have disclosed that the true cost of the Iran war is approximately $50 billion, double the Pentagon's public estimate, according to a CBS News report. Recent polls indicate a majority of Americans view the military action as a mistake. Discussions highlight potential…
Substrate placeholder — needs reviewMalawi Tobacco Auction Rejections Reach 96-100% in First Week of 2026 Season
Tobacco growers in Malawi encountered rejections of 96 to 100 percent of their leaf at auction floors during the first week of the 2026 marketing season, which opened on April 20. Officials from the Tobacco Commission consulted with buying companies last Friday to address the iss…
Substrate placeholder — needs reviewUK Government Holds Meetings to Monitor Supply Chains Due to Iran-US Strait of Hormuz Tensions
The UK government is intensifying preparations for potential shortages in food and fuel due to the ongoing Iran war and closure of the Strait of Hormuz. Ministers are holding twice-weekly meetings to monitor supply chains, with Prime Minister Sir Keir Starmer set to chair a Cabin…
rt.comIsraeli Defense Minister Sets Targets in Iran for Economic Impact
Israel's defense minister has established targets in Iran that extend from a prior operation. The focus includes causing significant economic damage beyond military aspects. This development was reported by Israeli Channel 12, according to @FirstSquawk.
Substrate placeholder — needs reviewShoe Zone Expects £1m-£2m Pre-Tax Loss as Shares Fall 22% to Five-Year Low
High street retailer Shoe Zone has warned of an annual pre-tax loss, citing the Middle East conflict and recent Budgets as factors increasing customer caution and costs. Shares in the company dropped 22% in morning trading on Wednesday to their lowest level in more than five year…
Substrate placeholder — needs reviewUK Inflation Hits 3.3% in March as Iran War Drives Up Fuel Prices
UK inflation rose to 3.3% in the year to March, driven primarily by an 8.7% monthly increase in motor fuel prices following the start of the US-Israel war with Iran on February 28. Economists predict inflation could peak at 3.5% to 4% this year, exceeding the Bank of England's 2%…
Substrate placeholder — needs reviewU.S. Customs and Border Protection Launches Tariff Refund Portal Following Supreme Court Decision
U.S. Customs and Border Protection introduced the first phase of its electronic refund system for tariffs deemed unconstitutional by the Supreme Court. Importers can now apply for refunds from a $166 billion pool, with over 56,000 claims already totaling $127 billion. Small busin…
pakistantoday.com.pkIran Conflict Reaches 50 Days, Removing 500 Million Barrels of Oil from Global Market
A war involving Iran has endured for 50 days, resulting in $50 billion in lost oil value. An estimated 500 million barrels of oil have failed to reach the market due to the conflict. The disruption is affecting South oil demand.
MarketWatchEuropean Leaders and Retailers Respond to Energy Spikes from Iran War
A Czech official urged the EU to ease environmental regulations amid energy price surges from the Iran war. A major European retailer warned of economic impacts, reporting profit declines and monitoring consumer spending. These developments highlight broader concerns over the war…
Substrate placeholder — needs reviewU.S. Military Reports Blockade Halts All Sea Trade with Iran
The U.S. military stated that a blockade has fully stopped economic trade by sea into and out of Iran. This announcement highlights ongoing restrictions affecting maritime commerce. The statement was reported by @spectatorindex.
Substrate placeholder — needs reviewOngoing War in Iran Expected to Increase Financial Burdens for Debt-Laden States
The war in Iran is projected to exacerbate financial challenges for countries with high debt levels. Inflation driven by the conflict will make debt repayment more costly, regardless of the war's outcome. This analysis highlights the compounding effects on national economies.
Substrate placeholder — needs reviewAsian and European Economies Face Energy Disruptions Following Iran Conflict
Economies in Asia and Europe are experiencing disruptions from energy supplies after a conflict involving Iran. Leaders in these regions are developing plans to shift from imported oil and gas to domestically produced energy sources. The moves aim to address ongoing supply challe…
Substrate placeholder — needs reviewArtificial Intelligence May Increase Wealth Inequality, According to Report
A report indicates that artificial intelligence could widen the gap between wealthy and less wealthy individuals by benefiting those who control the technology. The analysis highlights potential economic disparities resulting from AI adoption. Societal effects may follow from the…
Substrate placeholder — needs reviewResearch Estimates Long Covid to Cost OECD Economies Up to $135 Billion Annually Over Next Decade
New research projects that long Covid could impose annual economic costs of up to $135 billion on OECD countries over the next 10 years. The analysis highlights ongoing effects from the Covid-19 pandemic despite its apparent end. Affected economies include those in the Organisati…
Substrate placeholder — needs reviewCanadian Visits to United States Decline for 13th Consecutive Month
Visits by Canadians to the United States have decreased for the 13th straight month, according to a Forbes report cited by @unusual_whales. This trend reflects ongoing patterns in cross-border travel. Data highlights potential economic implications for tourism sectors.