Germany’s intelligence service on Wednesday accused Moscow of hiding the true cost of the war in Ukraine, saying Russia’s budget deficit in 2025 was more than 2.36 trillion roubles ($30.45 billion) higher ​than officially stated.

Source: reuters.com

The economy today needs less oil than 1979s.

Source: axios.com

Germany picked Gabriel Felbermayr to succeed Ulrike Malmendier on the council of economic experts, which advises the government.

Source: bloomberg.com

The AI industry has outrun the speed at which we can adopt it. Whose fault is that?

Source: fortune.com

President Trump’s extraordinary gamble in attacking Iran and risking a wider conflagration in the Middle East dials up the economic hazards facing the US economy from “very high” to “extreme.” The point is, this new stress compounds a series of other severe pressures already facing the economy, which is now even more unlikely to emerge unscathed.

Source: bloomberg.com

Vice President JD Vance argues voters should have patience with the pace of economic improvements, saying there was “no way” to fix the economy overnight.

Source: washingtonpost.com

Democrats are already pointing to prices at the pump in hitting the administration for its decision to strike Iran, while Republicans say they hope the spike will be short-lived.

Source: nbcnews.com

“The AI boom is likely to be inflationary for a number of years before any meaningful disinflationary benefits are realized,” MRB Partners says.

Source: businessinsider.com

The fallout from conflict in the Gulf will be much bigger than just oil.

Source: foreignpolicy.com

From flight cancellations to sudden plan changes, here’s how the psychology of younger generations is reshaping the travel industry.

Source: fortune.com

Bank of Japan Governor Kazuo Ueda warned that the Middle East conflict could have a major impact on the nation’s economy, in comments likely to firm up investor expectations that authorities will hold policy steady when they meet later this month.

Source: bloomberg.com

Shumita Deveshwar, TS Lombard’s Chief India Economist, says that the Iran War’s impact on India’s economy will be dependent on the duration of the conflict. She adds that beyond elevated prices, the conflict in the Middle East will impact India’s logistics costs and remittances to the country.

Source: cnbc.com

With much of the world’s oil supplies out of action, Russia could step in to meet demand in China and India

Source: theguardian.com

Benchmark index plummets as much as 12.2 percent, eclipsing single-day plunge after 9/11 attacks in 2001.

Source: aljazeera.com

Denmark’s economy is poised to expand at the fastest pace in the Nordic region this year, even as pharmaceutical giant Novo Nordisk A/S grapples with slowing sales, according to the country’s largest lender.

Source: bloomberg.com