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The energy shock and impact of the war that the US and Israel launched, even if it ends soon, will range from quite damaging to severely damaging.

When the war is over, the world won’t be the same

The International Monetary Fund has produced gloomy scenarios for the economic impact of the war in the Middle East. The long-term outlook is worse.

  • Stephen Bartholomeusz

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Donald Trump on the weekend in Miami. The US president has warned that any Iranians who try to stop his blockade will be “blown to hell”.

The US is dragging the world into turbulent economic waters

The big jump in the US inflation rate revealed on Friday is only a preview of things to come, as the conflict in the Persian Gulf enters its next phase.

  • Stephen Bartholomeusz
The war against Iran is already costing the global economy. But just to fight a war means tough choices for governments and voters.

War a bigger economic wrecking ball than fires, floods or financial crisis

There may be a ceasefire in Iran, but war – and the run-up in military spending – leaves a long-term cost to the sick and young, new research shows.

  • Shane Wright
President Donald Trump

The $393 billion crypto craze that could one day threaten banks

Donald Trump is a fan of these digital assets, and some analysts agree they are genuinely useful for moving money and could challenge lending giants.

  • Clancy Yeates
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The state with the slowest economy since the turn of the century

The International Monetary Fund has urged the federal government to go bold on tax reform to help lift the nation’s economy.

  • Shane Wright
A trader on the floor of the New York Stock Exchange.

The glass half-full economy has rarely looked so good

Six months after the White House unveiled steep tariffs, the global economy has held up well. Just imagine how things could be humming without some self-inflicted wounds.

  • Daniel Moss
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The shipping news weren’t good this week as both the US and China implemented hefty port fees on each other’s vessels.

A new ocean front opens in Trump’s trade wars

“The shipping news weren’t good this week” as both the US and China started implementing hefty port fees on each other’s vessels.

  • Stephen Bartholomeusz
Diamonds in Botswana.

Lovers are turning to lab-grown diamond rings in record numbers. It’s left this country reeling

The increasing popularity of lab-grown gems is creating the biggest disruption in the diamond market since early last century.

  • Mbongeni Mguni and Matthew Hill
China’s President Xi Jinping can beat Donald Trump at his own game.

It’s chess, not checkers: China can play the long game against Trump

Donald Trump thinks trade is a zero-sum game. Xi Jinping appears happy to wait for the trade war to backfire on the US president.

  • Stephen Bartholomeusz
Donald Trump’s tariffs have depressed the price of oil.

Trump’s billionaire oil industry donors aren’t getting what they wished for

The US president said “drill, baby, drill” but his tariffs tanked the commodity’s price and they could reduce, not increase, production.

  • Stephen Bartholomeusz