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Fishermen sail their boat as smoke from an Israeli airstrike rises in Abbassiye area in Tyre, Lebanon, April 14, 2026. REUTERS/Louisa Gouliamaki
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- China's export engine slowed sharply in March as war in the Middle East triggered shocks to energy and transportation costs, hurting global demand and exposing the risks in Beijing's strategy of leaning on manufacturing to sustain growth.
- The International Energy Agency sharply cut its forecasts for global oil supply and demand growth, saying both are now expected to fall from 2025 levels as war in the Middle East disrupts oil flows and weighs on the global economy.
- The more than 3 million US truckers who move goods for everything from grocery stores to factories to construction sites are grappling with the highest diesel prices in years, compounding pressure on the industry as Iran war-related oil price spikes also threaten to weaken freight demand.
- Brazil's secretary of labor inspection was fired for adding Chinese automaker BYD to a registry of employers accused of subjecting workers to conditions described by the government as similar to slavery, two people close to the matter told Reuters.
- United Airlines CEO Scott Kirby pitched the potential for merging with American Airlines in a meeting with Trump in late February, two sources said, raising the prospect of an industry-reshaping deal likely to face significant regulatory hurdles.
- By strangling the Strait of Hormuz, Iran retaliated against the US and eased some financial sanctions. In this episode of The Big View podcast Edward Fishman, senior fellow of the Council on Foreign Relations, tells Peter Thal Larsen how American economic weapons have been turned against it.
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The world's major economies have seen their debt levels surge in recent years, while ever-increasing spending demands - from ageing populations to climate change and defense - are adding to the pressure.
Enter the Iran war, which has rekindled inflation risks that will strain governments hit by a multitude of shocks this decade alone.
This live dashboard tracks key measures of government debt in the Group of Seven (G7) advanced economies.
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Karol G performs at the Coachella Valley Music and Arts Festival in Indio, California, April 12, 2026. REUTERS/Daniel Cole
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Scroll through our highlights from the Coachella Music Festival in the California desert.
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