The Iran war is causing price hikes and inflicting damage on a global economy that’s barely recovered from the last inflation spike.
A customer pushes a shopping trolley away from a Tesco Plc supermarket in Chelmsford, UK, on Tuesday, March 24, 2026. UK inflation held at an 11-month low before the war in Iran sent petrol costs soaring and threatened to deliver another shock to household finances. Photographer: Chris Ratcliffe/Bloomberg
The windfall earned by Asian chip makers is coursing through the world economy, mirroring on a global scale the circular flow of money within the AI ecosystem.
The windfall earned by Asian chip makers is coursing through the world economy, mirroring on a global scale the circular flow of money within the AI ecosystem.
South Korea and Taiwan’s artificial intelligence-fueled chip booms are set to swell both economies’ current-account surpluses to fresh records and pressure their central banks to raise interest rates later this year.
South Korea and Taiwan’s artificial intelligence-fueled chip booms are set to swell both economies’ current-account surpluses to fresh records and pressure their central banks to raise interest rates later this year.
A model of an LG Electronics A11 4K AI Processor displayed at the World IT Show in Seoul. Photographer: SeongJoon Cho/Bloomberg
South Korea and Taiwan’s artificial intelligence-fueled chip booms are set to swell both economies’ current-account surpluses to fresh records and pressure their central banks to raise interest rates later this year.
South Korea and Taiwan’s artificial intelligence-fueled chip booms are set to swell both economies’ current-account surpluses to fresh records and pressure their central banks to raise interest rates later this year.
A model of an LG Electronics A11 4K AI Processor displayed at the World IT Show in Seoul. Photographer: SeongJoon Cho/Bloomberg
China’s early lead in humanoid robots will help power the next phase of its global manufacturing and export dominance, according to new research from Morgan Stanley.
China’s early lead in humanoid robots will help power the next phase of its global manufacturing and export dominance, according to new research from Morgan Stanley.
A technician programs a humanoid robot at a robotics laboratory in Guangzhou, China. Photographer: Qilai Shen/Bloomberg
The Reserve Bank of Australia delivered a third straight interest-rate hike, unwinding all of last year’s reductions.
Michele Bullock, governor of the Reserve Bank of Australia (RBA), during a news conference at the central bank's head office in Sydney, Australia, on Tuesday, May 5, 2026. Australia’s central bank raised its key interest rate for a third consecutive meeting, underscoring its determination to tame stubbornly strong inflation and cementing its outlier status among global counterparts. Photographer: Brendon Thorne/Bloomberg
Morgan Stanley economists see AI, the energy transition and defense spending fueling a capital expenditure-led expansion for Asia.
SK Hynix Inc. 12-layer HBM3E memory chips on a LPDDR5X CAMM2 memory module arranged at the company's office in Seongnam, South Korea, on Tuesday, April 22, 2025. SK Hynix is scheduled to release earnings on April 24. Photographer: SeongJoon Cho/Bloomberg
China’s dominance of rare earths supply chains gives President Xi Jinping economic leverage worth $1.2 trillion in his planned summit meeting with US President Donald Trump in Beijing next month.
China’s dominance of rare earths supply chains gives President Xi Jinping economic leverage worth $1.2 trillion in his planned summit meeting with US President Donald Trump in Beijing next month.
BOJ Governor Ueda treads carefully as the yen hovers near a level that’s prompted past intervention.
Kazuo Ueda, governor of the Bank of Japan (BOJ), speaks during a news conference at the central bank's headquarters in Tokyo, Japan, on Tuesday, April 28, 2026. The Bank of Japan left its benchmark interest rate unchanged in a split vote that increased the likelihood of a hike in June and pushed the yen higher. Photographer: Toru Hanai/Bloomberg
A pair of influential papers compare China’s property slump with Japan’s lost decades.
Residential buildings in Beijing, China, on Wednesday, May 29, 2024. China's capital city Beijing will allow families to buy one more home in non-core areas, as even the nation's largest cities are buckling under the pressure of a record real estate downturn. Photographer: Andrea Verdelli/Bloomberg
US President Donald Trump’s move to blockade the Strait of Hormuz risks deepening an unfolding economic crisis for Asia’s energy-dependent economies, including America’s allies in the region and China.
US President Donald Trump’s move to blockade the Strait of Hormuz risks deepening an unfolding economic crisis for Asia’s energy-dependent economies, including America’s allies in the region and China.
India and most of South Asia are already seeing the war hit their economies.
A motorist at a gas station in Mandaluyong, the Philippines, on Thursday, March 26, 2026. The Philippines declared a national energy emergency as the conflict in the Middle East threatens fuel supplies and the country’s economy. Photographer: Lisa Marie David/Bloomberg
Australia’s and New Zealand’s central bank chiefs outline alternative approaches to dealing with inflation pressures.
A semi truck driver replaces a diesel fuel pump at a Love's gas station in Eloy, Arizona, US, on Wednesday, March 18, 2026. US diesel rose above $5 a gallon for the first time since December 2022, the latest sign of surging fuel price pressures menacing the global economy as the war in Iran continues to disrupt energy supplies. Photographer: Rebecca Noble/Bloomberg
Bloomberg Economics reckons China’s property slump could bottom out in 2027
Scaffolding around a large residential development during construction in Shanghai, China, on Saturday, July 12, 2025. China’s economy likely expanded just above the government’s full-year growth target in the second quarter, easing pressure on Beijing to roll out additional stimulus in the near term. Photographer: Qilai Shen/Bloomberg
China is well placed to cope with higher energy costs, but any blow to exports would dent growth
A Sinopec gas station in Shanghai, China, on Tuesday, March 10, 2026. China purchased more crude in the first two months of the year as the country continued to hoard oil to guard against supply disruptions. Photographer: Qilai Shen/Bloomberg
Policy makers shifted from their weight-and-watch stance to action mode as oil shot above $100 a barrel.
The Perseus Star crude oil tanker departs the Port of Corpus Christi in Corpus Christi, Texas, US, on Saturday, Feb. 28, 2026. President Donald Trump's decision to strike Iran creates new risks for a significant chunk of the world's oil supply. Photographer: Eddie Seal/Bloomberg
Bloomberg Economics sees consumption rising to make up 46% of GDP by 2030
Xi Jinping, China's president, center, applauds during the closing of the Third Session of the 14th National People’s Congress (NPC) at the Great Hall of the People in Beijing, China, on Tuesday, March 11, 2025. The seven-day National People's Congress gathering, which concludes today in Beijing, came on the heels of a breakthrough in artificial intelligence by China’s home-grown startup DeepSeek that's fired up investors, politicians and even regulators. Photographer: Qilai Shen/Bloomberg
For the past year, economists have modeled the impact of US President Donald Trump’s trade wars. Now, it’s a real war they’re assessing.
TEHRAN, IRAN - MARCH 1: A person watches as plumes of smoke rise over the skyline following explosions on March 1, 2026 in Tehran, Iran. Iran's Supreme Leader, Ayatollah Ali Khamenei, was confirmed killed after the United States and Israel launched a joint attack on Iran on February 28. Iran retaliated by firing waves of missiles and drones at Israel, and targeting U.S. allies in the region. (Photo by Majid Saeedi/Getty Images)
For the past year, economists have modeled the impact of US President Donald Trump’s trade wars. Now, it’s a real war they’re assessing.
TEHRAN, IRAN - MARCH 1: A person watches as plumes of smoke rise over the skyline following explosions on March 1, 2026 in Tehran, Iran. Iran's Supreme Leader, Ayatollah Ali Khamenei, was confirmed killed after the United States and Israel launched a joint attack on Iran on February 28. Iran retaliated by firing waves of missiles and drones at Israel, and targeting U.S. allies in the region. (Photo by Majid Saeedi/Getty Images)
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