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Australian growth forecasts slashed as global economy faces inflation spike

26/03/2026 10:07 The Guardian

OECD says the Middle East war will test the world’s resilience with Australia expected to suffer from higher rates and inflationGet our breaking news email, free app or daily news podcastThe world economy is on the brink of a major inflationary spike as soaring fuel prices threaten growth in European and Asian nations, the OECD has warned, and local economists are slashing Australia’s growth prospects for this year and the next amid the ongoing US-Israel attack on Iran.The Organisation for Economic Cooperation and Development’s latest interim outlook said the US-Israel war on Iran will “test the resilience of the global economy”, and warned of the “significant downside risk” to their forecasts should the oil supply disruptions prove more persistent and push energy prices even higher. Continue reading...

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Middle East crisis live: Trump criticises Nato allies and warns Iran must respond to ceasefire proposal ‘before it’s too late’

President complains that Nato has done ‘absolutely nothing’ to help US and repeats claim Iran is ‘begging’ for a deal to end the warAnalysis: Trump pitches peace plan but military buildups rarely veer to off-rampAn Iranian envoy has said South Korean ships can pass through the strait of Horm...

26/03/2026 11:10 The Guardian
EU advances trade deal with US with safeguards - Europe live

The deal was backed after months of delays caused by uncertainty over the legality of tariffs imposed by Donald TrumpMeanwhile, the US president, Donald Trump, has once again lashed out against Nato allies saying in a social media post that they have “done absolutely nothing to help” in Iran cam...

26/03/2026 10:53 The Guardian
Starmer promises to tackle ‘addictive’ social media platforms after peers inflict fresh defeat on government – UK politics live

The government has launched a consultation on banning social media for under-16s but peers voted to move fasterKeir Starmer has been speaking at the JEF leaders’ summit in Helsinki. He said that the war in Iran should not distract attention from the threat from Russia, which he said “has grown...

26/03/2026 10:50 The Guardian
Two drone strikes on civilian targets kill 28 people in Sudan

Market in North Darfur and truck carrying civilians in North Kordofan hit as civil war approaches fourth yearAt least 28 civilians have been killed in two separate drone strikes in Sudan, according to health workers, as the country’s brutal civil war between the army and the paramilitary Rapid Sup...

26/03/2026 10:24 The Guardian
NS&I preparing to repay hundreds of millions of pounds over missing savings

Government-backed bank in talks about recompensing about 37,000 people whose money was misplacedUK politics live – latest updatesBusiness live – latest updatesNational Savings and Investments is preparing to repay hundreds of millions of pounds to its customers over missing savings, in what is e...

26/03/2026 10:16 The Guardian
Middle East conflict will damage UK’s economy ‘more than any other’

Organisation for Economic Cooperation and Development says UK economy will grow by just 0.7% this yearThe conflict in the Middle East will damage the UK’s economy more than any other industrialised nation, according to analysis by the Organisation for Economic Cooperation and Development (OECD), w...

26/03/2026 10:00 The Guardian
Starmer tells Travelodge boss to engage with MPs over sexual assault case

PM tells Jo Boydell of concerns about her lack of availability to discuss how staff gave man access to victim’s room• UK politics live – latest updatesKeir Starmer has written to the chief executive of Travelodge to press the hotel chain to “seriously engage” with MPs raising concerns abou...

26/03/2026 09:48 The Guardian
UK CO2 plant to reopen amid fears Iran war could lead to shortage

Teesside site mothballed in September given £100m by government to restart production for at least three monthsA shuttered carbon dioxide plant on Teesside is to reopen with £100m of government investment in response to fears that the war in Iran could trigger shortages of the gas that multiple in...

26/03/2026 09:37 The Guardian
Next says Middle East conflict could add £15m to costs and push up prices

UK clothing and homeware retailer working on assumption that war could last three monthsBusiness live – latest updatesNext has said that the war in the Middle East will add £15m to its costs on the assumption it will last three months, adding that prices will have to go up if the conflict persist...

26/03/2026 08:18 The Guardian
Fears net zero is ‘next Brexit’ as oil crisis fuels political climate divide

Rising energy bills give Reform and Tories opening to attack net zero while government hesitant to make case for clean energyCould net zero become “the next Brexit”? That is the fear stalking climate advocates as the oil crisis caused by the war on Iran starts to bite.A powerful coalition of the...

26/03/2026 08:00 The Guardian
Ukraine war briefing: Zelenskyy says US has linked security guarantees to ceding of Donbas

Ukrainian president says peace deal proposed by US includes handing over land to Russia. What we know on day 1,492 Continue reading...

26/03/2026 06:51 The Guardian
Auction clearance rate slumps to 57% nationwide as interest rate hikes prompt Australians to sell

Homebuyers lose confidence amid higher rates and Iran war-linked price rises across the economy, buyers agent saysFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastSurging numbers of homes are being passed in at auction as higher interes...

26/03/2026 06:41 The Guardian
Thursday briefing: Why ​most Israelis ​back the ​conflict​ with Iran, even as international support wanes

In today’s newsletter: Th​is new war has exposed widening fractures between Israel and its allies, ​and the country finds itself increasingly out of step with global opinionGood morning. Israel may be the only country in the world where there is overwhelming public support for the conflict in...

26/03/2026 06:40 The Guardian
Charity Commission warns Alan Turing Institute of its legal duties after complaints

Watchdog issues formal guidance to trustees at top AI research institute after staff expressed concernsThe board of the UK’s leading AI research institute has been reminded of its legal duties in areas such as financial oversight and managing organisational change by the charity watchdog after a w...

26/03/2026 06:00 The Guardian
Law firms investigate possible Australian cases after US jury finds Meta and YouTube designed addictive products

Courts in Australia may be willing to hold social media companies accountable for real-world harm, lawyers sayFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralian law firms are investigating the scope for future legal cases after...

26/03/2026 05:43 The Guardian
Gulf states’ scepticism over alleged US-Iran talks signals a distrust of Trump

Reluctance to cheerlead alleged US ceasefire efforts reflects suspicion talk of peace could be another foil for escalationMiddle East crisis – live updatesNot long after Donald Trump said the US was engaged in “strong talks” to bring the war with Iran to an end this week, Qatar took the unusua...

26/03/2026 05:00 The Guardian
EU healthcare workers say they ‘refuse to be instruments’ in deportation plans

Professionals from across Europe urge MEPs to reject plans, saying ‘climate of fear’ could stop people seeking careMore than 1,100 healthcare professionals from across Europe have urged MEPs to reject proposed measures aimed at increasing the deportation of undocumented people, warning they coul...

26/03/2026 05:00 The Guardian
WHO warns of health crisis ‘unfolding in real time’ across Middle East

Hostilities should halt and healthcare facilities must be treated as ‘safe havens’, WHO’s regional chief has saidMiddle East crisis – live updatesA total stop to hostilities in the Middle East is needed to halt a “health crisis unfolding in real time”, the World Health Organization’s c...

26/03/2026 05:00 The Guardian
Israel says it is expanding ‘buffer zone’ in Lebanon – as it happened

This blog is closed. Follow our new liveblog hereIranian nationals with valid Australian tourist visas will be blocked from entering the country for six months, Australia’s home affairs minister said, citing concern some may decide to stay longer than they’re allowed. Tony Burke said the direct...

26/03/2026 03:59 The Guardian
Iran rejects US ceasefire plan and submits its own amid push for talks

Donald Trump claims Iran still wants a deal, after Tehran puts forward five-point counter-proposal and says war will end when it decides and on its termsMiddle East crisis – live updatesIran dismissed a US ceasefire proposal on Wednesday and countered with a negotiation plan of its own as intermed...

26/03/2026 03:20 The Guardian
Trump praises ICE agents he sent to US airports and again suggests deploying national guard amid DHS shutdown – as it happened

This live blog is now closed.Trump news at a glance: administration official warns of ‘dire situation’ at US airports ahead of World CupSign up for the Breaking News US emailTop officials at agencies affected by the ongoing Department of Homeland Security (DHS) shutdown are testifying on Capitol...

26/03/2026 01:00 The Guardian
Trump’s trip to meet Xi Jinping in China rescheduled for May due to Iran war

US president says he will host Chinese leader in a reciprocal visit later this yearMiddle East crisis – live updatesDonald Trump will meet Xi Jinping in May during the US president’s first visit to China in eight years, a closely watched trip that had been postponed due to the Iran war.Trump was...

26/03/2026 00:39 The Guardian
British suppliers to be prioritised for contracts in sectors vital to national security

Policy brought forward as Middle East war highlights fragility of global supply chainsBritish suppliers will be prioritised for public contracts in shipbuilding, steel, AI and energy infrastructure under new guidance marking them out as sectors vital to national security.Departments will also have t...

26/03/2026 00:01 The Guardian
US Postal Service to introduce 8% fuel surcharge on packages

Surcharge, spurred by oil price spikes due to the Iran war, is set to take effect on 26 April and run until January 2027The US Postal Service (USPS) plans to introduce its first-ever fuel surcharge on packages to offset rising energy costs, according to a statement.The surcharge, set at 8%, is expec...

25/03/2026 22:04 The Guardian
Australia politics live: Australia condemns Iran’s attacks on Gulf states at UN debate

Australia co-sponsored resolution affirming support for sovereignty and security of Gulf states. Follow today’s news liveGet our breaking news email, free app or daily news podcastGood morning, Krishani Dhanji here with you, thanks to Martin Farrer for getting us started.It’s the final sitting d...

25/03/2026 20:08 The Guardian
Bernie Sanders and AOC introduce bill to pause building of new datacenters

Lawmakers say moratorium on construction would buy time to create strong, federal guardrails for AIAmid an unprecedented energy crisis and the rapid buildout of artificial intelligence infrastructure, progressive lawmakers have unveiled a new policy to place a moratorium on the construction of AI da...

25/03/2026 19:55 The Guardian
Resident doctors in England to begin six-day strike after rejecting offer in pay dispute

British Medical Association blame government for longest proposed walkout so far, with NHS leaders warning it could cost £300mResident doctors in England will strike for six days after Easter after rejecting what they said was the final offer by the health secretary, Wes Streeting, to end the long-...

25/03/2026 19:50 The Guardian
Trump pitches Iran peace plan but military buildups rarely veer to off-ramp

Tehran skeptical of president’s offer – and troop deployments for potential ground operations – suggest claim of imminent end to war not credibleSomewhere between the strait of Hormuz and the screens of Bloomberg terminals around the world, the standard laws of cause and effect appear to have...

25/03/2026 19:41 The Guardian
TSA staffing shortage and upcoming World Cup will create ‘perfect storm’, warns acting head

Ha Nguyen McNeill testified before House committee about airport wait times amid DHS funding shutdownSign up for the Breaking News US email to get newsletter alerts in your inboxThe acting head of the Transportation Security Administration (TSA) said on Wednesday that airports across the country are...

25/03/2026 19:08 The Guardian
Republicans propose bill to fund Iran war amid fight over DHS shutdown

Party intends to craft bill using reconciliation procedure, which will allow it to circumvent Senate filibusterUS politics live – latest updatesSign up for the Breaking News US newsletter emailSenate Republicans on Wednesday announced plans to begin a unilateral push for legislation that may inclu...

25/03/2026 17:40 The Guardian
BREAKING NEWS
26/03 11:16 - Germany warns of world economic ‘catastrophe’; OECD cuts UK growth forecast 26/03 11:16 - Germany warns of world economic ‘catastrophe’; OECD cuts UK growth forecast 26/03 11:15 - UK facing biggest hit to growth from Iran war out of major economies 26/03 11:10 - Middle East crisis live: Trump criticises Nato allies and warns Iran must respond to ceasefire proposal ‘before it’s too late’ 26/03 11:05 - SpaceX reportedly set to launch IPO valuing firm at $1.75 trillion 26/03 10:53 - EU advances trade deal with US with safeguards - Europe live 26/03 10:50 - Starmer promises to tackle ‘addictive’ social media platforms after peers inflict fresh defeat on government – UK politics live 26/03 10:49 - BlackRock CEO does U-turn on Iran war optimism 26/03 10:44 - Pentagon considers diverting Ukraine military aid to the Middle East 26/03 10:43 - UK now 'ready' to seize Russian shadow fleet ships, Healey says 26/03 10:38 - Oil prices could hit $120 as war risks escalate, analyst warns 26/03 10:38 - Oil prices could hit $120 as war risks escalate, analyst warns 26/03 10:24 - Two drone strikes on civilian targets kill 28 people in Sudan 26/03 10:22 - Israel, US diverging timelines on possible negotiation for end of war 26/03 10:20 - Hungary moves to restrict gas supplies to Ukraine 26/03 10:16 - NS&I preparing to repay hundreds of millions of pounds over missing savings 26/03 10:07 - Australian growth forecasts slashed as global economy faces inflation spike 26/03 10:00 - Middle East conflict will damage UK’s economy ‘more than any other’ 26/03 09:55 - UK CO2 plant to reopen in Iran war contingency plan 26/03 09:48 - Starmer tells Travelodge boss to engage with MPs over sexual assault case 26/03 09:48 - Amid US-Israel war, Iran football team trains in Turkiye before World Cup 26/03 09:48 - Amid US-Israel war, Iran football team trains in Turkiye before World Cup 26/03 09:37 - UK CO2 plant to reopen amid fears Iran war could lead to shortage 26/03 09:21 - Turkey-operated tanker carrying Russian oil struck by naval drone in Black Sea 26/03 09:03 - Paul Klee’s “Angelus Novus” New York Debut On Hold Due to Mideast War 26/03 09:01 - Some Judges See Risks in Fiery Opinions Warning of Threats to Democracy 26/03 09:00 - Gulf countries want Trump to end Iran war — but not yet, officials say 26/03 08:51 - Helium hitch: Why US-Israel war on Iran could cause MRI scan delays 26/03 08:51 - Helium hitch: Why US-Israel war on Iran could cause MRI scan delays 26/03 08:50 - News24 | US putting pressure on Ukraine to give Russia all of Donbas - Volodymyr Zelensky 26/03 08:42 - US seeks Hamas ‘political surrender’ in new Gaza plan 26/03 08:42 - US seeks Hamas ‘political surrender’ in new Gaza plan 26/03 08:21 - German minister calls Iran war an ‘economic catastrophe’ 26/03 08:21 - German minister calls Iran war an ‘economic catastrophe’ 26/03 08:18 - Next says Middle East conflict could add £15m to costs and push up prices 26/03 08:10 - Turkish tanker blacklisted by Ukraine hit in drone attack – media 26/03 08:00 - Fears net zero is ‘next Brexit’ as oil crisis fuels political climate divide 26/03 07:47 - Two teenagers killed in Shiraz, two dead in Abu Dhabi as Iran war expands 26/03 07:47 - Two teenagers killed in Shiraz, two dead in Abu Dhabi as Iran war expands 26/03 07:34 - Trump confirms May meeting with Xi Jinping as Iran war forces postponement 26/03 07:10 - News24 | Israel PM Netanyahu pushing to pass budget in fight for his political survival 26/03 07:05 - Sydney Sweeney Just Revealed That Her Little Brother Is Currently Deployed In The US Air Force Amid The Iran War 26/03 07:00 - Itauma fighting Usyk or Wardley a ridiculous conversation - Bunce 26/03 06:53 - US-Israel war on Iran: What’s happening on day 27 of attacks? 26/03 06:53 - US-Israel war on Iran: What’s happening on day 27 of attacks? 26/03 06:51 - Ukraine war briefing: Zelenskyy says US has linked security guarantees to ceding of Donbas 26/03 06:41 - Auction clearance rate slumps to 57% nationwide as interest rate hikes prompt Australians to sell 26/03 06:40 - Thursday briefing: Why ​most Israelis ​back the ​conflict​ with Iran, even as international support wanes 26/03 06:28 - Football: France and Brazil face off in World Cup-style friendly 26/03 06:00 - Charity Commission warns Alan Turing Institute of its legal duties after complaints 26/03 05:43 - Law firms investigate possible Australian cases after US jury finds Meta and YouTube designed addictive products 26/03 05:06 - Oil prices rise higher as Iran denies US talks, dimming deescalation hopes 26/03 05:06 - Oil prices rise higher as Iran denies US talks, dimming deescalation hopes 26/03 05:00 - News24 | Trump ‘is prepared to unleash hell’ on Iran unless it accepts peace deal 26/03 05:00 - Gulf states’ scepticism over alleged US-Iran talks signals a distrust of Trump 26/03 05:00 - WHO warns of health crisis ‘unfolding in real time’ across Middle East 26/03 05:00 - EU healthcare workers say they ‘refuse to be instruments’ in deportation plans 26/03 05:00 - It Was One of the Cold War’s Greatest Crimes. 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Iran Says He’s Not. Here’s Why. 25/03 20:25 - Trump Cannot See That the Opposition Is Real 25/03 20:20 - Trump to visit Xi Jinping in China on May 14 and 15 after Iran war delay 25/03 20:20 - Trump to visit Xi Jinping in China on May 14 and 15 after Iran war delay 25/03 20:18 - The US-Iran Briefing Wars 25/03 20:12 - US tells Iran to accept defeat or Trump will ‘unleash hell’ 25/03 20:12 - US tells Iran to accept defeat or Trump will ‘unleash hell’ 25/03 20:08 - Australia politics live: Australia condemns Iran’s attacks on Gulf states at UN debate 25/03 19:56 - The Gulf after the storm: Why the UAE is poised to lead the region’s next economic era