Business & Economy

Published: 03 November 2026. The English Chronicle Desk. The English Chronicle Online. The United States has carried out limited military strikes against Iran’s Qeshm Island, raising fresh questions about the future of the conflict in the Middle East, even as Vice-President JD Vance expressed optimism that diplomatic negotiations could lead to an agreement between Washington and Tehran. The reported attacks took place late on Monday, just hours after Vance indicated...

Published: 03 November 2026. The English Chronicle Desk. The English Chronicle Online. Americans are heading to polling stations across the United States in a closely watched midterm election that could significantly reshape the country’s political landscape and determine how much power President Donald Trump can exercise during the remainder of his second term. With control of both chambers of Congress at stake, the election is widely being viewed as a...

Published: 02 November 2026. The English Chronicle Desk. The English Chronicle Online. Ryanair is considering a range of cost-cutting measures, including temporary pay freezes, lower crew numbers on flights and greater use of artificial intelligence, as Europe's largest low-cost airline prepares for a sharp increase in fuel expenses linked to the continuing conflict in the Middle East. The airline has warned that its annual jet fuel bill could rise by...

Published: 02 November 2026. The English Chronicle Desk. The English Chronicle Online. More than 2.3 million UK households are facing the prospect of significantly higher mortgage payments when their fixed-rate deals expire in 2027, as the Bank of England prepares to raise interest rates and household finances come under increasing pressure from higher energy and food costs. The Bank’s nine-member Monetary Policy Committee is widely expected to increase the base...

Published: 02 November 2026. The English Chronicle Desk. The English Chronicle Online. Australia is facing the prospect of a sharper and more prolonged economic slowdown as the Reserve Bank of Australia prepares to consider another interest rate increase, with economists warning that persistent inflation, the continuing conflict in the Middle East and a steep decline in property prices are creating a difficult combination for households and businesses. The Reserve Bank...

Published: 02 November 2026. The English Chronicle Desk. The English Chronicle Online. New South Wales Premier Chris Minns has warned that another interest rate increase by the Reserve Bank of Australia could inflict serious damage on businesses, employment and household finances, adding to growing political pressure on the federal government ahead of the central bank’s latest decision. The Reserve Bank is expected to raise its cash rate on Tuesday, potentially...

Published: 02 November 2026. The English Chronicle Desk. The English Chronicle Online. A major political controversy has erupted within Michigan’s Democratic Party after Congresswoman Haley Stevens publicly endorsed Republican Senate candidate Mike Rogers, despite previously competing against Democratic nominee Abdul El-Sayed in the party’s Senate primary. The unexpected move has triggered widespread criticism from Democratic leaders, progressive politicians and former members of Stevens’s campaign team, raising fresh concerns about party...

Published: 31 October 2026. The English Chronicle Desk. The English Chronicle Online Avanti West Coast has paid more than £20 million in passenger compensation over a three-month period this summer, highlighting the growing financial cost of disruption across Britain’s railway network. The intercity operator’s compensation bill is now expected to exceed £70 million during the current financial year as delays, cancellations and rising passenger claims continue to put pressure on...

Published: 31 October 2026. The English Chronicle Desk. The English Chronicle Online London’s most prestigious residential neighbourhoods are facing a growing property-market downturn, with eight out of 10 homes in some of the capital’s wealthiest postcodes now selling for less than their advertised asking prices, according to research by private bank Coutts. The findings point to a significant shift in the fortunes of prime central London property, where homes in...

Published: 31 October 2026. The English Chronicle Desk. The English Chronicle Online The traditional “family photo” that normally marks the opening of major G20 diplomatic gatherings has been cancelled in Atlanta after several countries, including the United Kingdom and Australia, refused to appear alongside Russia’s foreign minister, Sergei Lavrov. The unusual decision has highlighted the deep divisions within the world’s major economies over Russia’s war in Ukraine and the Trump...