Higher global inflation forecast at 4.4 percent, up 0.6 points, driven by surging oil, gas and fertiliser costs.


Andy Hirschfeld is a New York-based journalist covering the economy for Al Jazeera Digital. During his tenure, he has broken exclusives, such as Donal...d Trump failing to pay for his rallies, and authored in-depth explainers on topics ranging from AI in fashion to GPS spoofing in aviation. In addition to his work with Al Jazeera, his reporting has appeared in a range of prominent outlets, including Fast Company, Bloomberg Businessweek, Slate, The Daily Beast, NPR, and others. Previously, he served as the anchor of the business news program The Business Report and worked as a television news producer at networks including CBS News and CNN.
Higher global inflation forecast at 4.4 percent, up 0.6 points, driven by surging oil, gas and fertiliser costs.

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A California jury awarded the plaintiff $3m in damages in the case
![The ruling comes ahead of a comparable federal case slated to begin in June [File: Daniel Cole/Reuters]](/wp-content/uploads/2026/03/2026-03-17T172149Z_916031808_RC2F6KAACZCY_RTRMADP_3_SOCIALMEDIA-TRIAL-1774464006.jpg?resize=270%2C180&quality=80)
Anthropic accuses Pentagon of unlawful retaliation over its refusal to loosen AI safety restrictions for military use.
![Anthropic alleged the ban violates its freedom of speech and due process rights [File: Dado Ruvic/Reuters]](/wp-content/uploads/2026/03/2026-03-19T104842Z_2052602485_RC2EWJAU69SB_RTRMADP_3_USA-PENTAGON-ANTHROPIC-1774365861.jpg?resize=270%2C180&quality=80)
The proposed deal includes the sale of drones, missiles and radars for Gulf allies, including UAE, Kuwait and Jordan.
![The new arms deal comes as the Pentagon seeks additional funding from Congress [File: Evan Vucci/Reuters]](/wp-content/uploads/2026/03/2026-03-19T124024Z_1540981025_RC2O7KAQOEN2_RTRMADP_3_IRAN-CRISIS-USA-PENTAGON-1773945206.jpg?resize=270%2C180&quality=80)
The US Federal Reserve keeps rates steady at 3.5–3.75 percent amidst a cooling labour market and Iran pressures.
![The federal reserve held rates steady for the second time of 2026 [Kevin Lamarque/Reuters]](/wp-content/uploads/2026/03/2026-03-18T184722Z_1921493521_RC267KATAUUB_RTRMADP_3_USA-FED-1773860311.jpg?resize=270%2C180&quality=80)