Economics

Published: 10 March 2026 The English Chronicle Desk The English Chronicle Online — World News The US‑Israeli military campaign against Iran has entered its second week, rattling global markets and exposing President Donald Trump to mounting political risks. While the White House insists the operation is a “tremendous success,” mixed messages from Trump and his administration have left allies, investors, and voters uncertain about its goals and duration. On Monday,...

Published: 10 March 2026 The English Chronicle Desk The English Chronicle Online — Business News One of Scotland’s best‑known lighting retailers has collapsed into administration, forcing the closure of 11 stores and leaving 70 employees redundant. Pagazzi Lighting, headquartered in Thornliebank, Glasgow, has been a fixture of the high street for nearly 45 years, specialising in decorative lighting, mirrors, and home furnishings. But rising costs, declining footfall, and sustained poor...

Published: 06 March 2026 The English Chronicle Desk The English Chronicle Online Ireland's domestic economy expanded by almost five per cent last year, official figures have confirmed, defying persistent fears over US trade tariffs and geopolitical instability . Modified Domestic Demand (MDD), the preferred measure for stripping out the distorting effects of multinational activity, grew by 4.9 per cent in 2025, according to the Central Statistics Office . Consumer spending rose by...

Published: March 7, 2026The English Chronicle DeskThe English Chronicle Online — delivering comprehensive, up‑to‑date global reporting. The United States has taken the unusual step of temporarily easing parts of its sanctions regime to allow India to purchase Russian crude oil as global energy markets reel from the ongoing conflict involving Iran. The move represents a significant shift in Washington’s policy toward Russian energy exports and reflects rising geopolitical and economic pressures triggered...

Published: March 6, 2026The English Chronicle DeskThe English Chronicle Online — delivering comprehensive, up‑to‑date global reporting. The intensifying conflict around Iran and the US‑Israel military offensive is no distant geopolitical issue for India — it is already rippling through its economy and everyday life by pushing up fuel costs, pressuring the currency and threatening remittance flows vital to many households nationwide. Central to India’s vulnerability is its heavy reliance on imported energy....

Published: March 5, 2026 | The English Chronicle Desk | The English Chronicle Online Uncertainty surrounding American politics is beginning to ripple through global financial markets, and one of the institutions feeling the pressure is London’s historic insurance marketplace. With the possible return of Donald Trump to the White House, analysts are increasingly questioning whether sweeping changes to United States economic policy could destabilise one of the United Kingdom’s most...

Published: 05 March 2026. The English Chronicle Desk. The English Chronicle Online. Petrol prices have surged sharply across major Australian cities, prompting widespread anger and accusations of profiteering from motorists and consumer advocates. As international tensions escalate in the Middle East, drivers in Sydney, Melbourne and Brisbane are now paying unexpectedly high costs at the pump. Many Australians are convinced that petrol prices are being inflated without justification, stoking fears...

Published: March 5, 2026The English Chronicle DeskThe English Chronicle Online Global financial markets remain unstable as investors grapple with the economic fallout of the expanding conflict involving the United States, Israel and Iran. Stock markets in Europe, Asia and North America have seen volatile swings, while oil prices have climbed sharply amid worries that the war — and its knock‑on effects on energy supplies — could persist for weeks or...

Published: March 5, 2026The English Chronicle DeskThe English Chronicle Online A United States trade court has ruled that certain tariffs imposed under the Trump administration must be refunded, dealing a significant blow to the former president’s long-standing protectionist trade policies. The decision affects businesses that were required to pay tariffs on imported goods and could have wider implications for ongoing disputes over US trade policy and enforcement. The ruling, issued...

Published: March 5, 2026 . The English Chronicle Desk . The English Chronicle Online China has announced its lowest economic growth target in more than three decades, signalling a cautious outlook for the world’s second-largest economy as policymakers confront mounting domestic and global challenges. The new target, set between 4.5% and 5% for 2026, marks the most modest official growth goal since 1991 and reflects concerns about slowing momentum in...