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Iran's annual inflation hit 77.2% in April–May 2026, the highest since 1942, causing a collapse in purchasing power. Locals describe red meat as a dream and staple prices soaring beyond reach. Analysts blame economic reforms, war, and structural dependency on oil.
Nissan Motors reported a net loss of 533.10 billion yen ($3.7 billion) for fiscal 2025, its worst performance since the COVID-19 pandemic. The loss is driven by falling sales, rising costs, and supply chain issues, with analysts pointing to competition from Chinese automakers and a slow EV transition.
Workers around the world rallied on International Labour Day, demanding rights protection and opposing economic and war policies driving price hikes. Unions voiced fears of a global recession and income inequality, with major protests in South America and calls for higher taxes on the ultra-rich.
