The Real Greek, a well-known Mediterranean-style restaurant chain in the UK, is set to enter administration with all 28 outlets at risk of closure, highlighting the severe pressures facing Britain’s hospitality sector.
US gasoline prices have jumped nearly 30 cents in one week to $4.30 per gallon, driven by the Iran war and the Strait of Hormuz blockade.
Oil prices surged to their highest level since 2022 after Axios reported US Central Command prepared strike plans against Iran; the Bank of England held rates but warned Middle East conflict could fuel inflation.
US Commerce Department reports Q1 2026 GDP grew at a 2.0% annualized rate, rebounding from a weak Q4, driven by massive AI sector investment and recovering government spending, though consumer spending slowdown and rising core PCE raise inflation concerns.
The Bank of England’s Monetary Policy Committee votes to hold the base rate at 3.75%, but warns that energy price shocks from the Iran conflict could force rate hikes within the year.
The Federal Reserve kept interest rates unchanged at its April meeting, with growing divisions among policymakers on future direction. Meanwhile, oil prices surged above $120 per barrel due to the Iran conflict, intensifying inflation concerns.
The Federal Reserve kept interest rates unchanged at its April meeting, but four officials voted in dissent, marking the highest level of disagreement in nearly 34 years.
The Federal Reserve’s April monetary policy meeting begins today with markets widely expecting rates to hold steady. This may be Chair Jerome Powell’s final rate decision before his term ends.
The Bank of Japan kept its policy rate unchanged in a 6-3 split vote, while raising its inflation forecast, reflecting concerns about the economic impact of the Iran conflict.
The Federal Reserve is widely expected to hold rates steady at its April meeting as Iran-related risks drive inflation concerns and the potential Powell-to-Warsh transition adds uncertainty.