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A Malaysian condom maker, Karex, said it might increase its prices because the war in Iran is causing problems with getting materials and shipping products. The company faces higher costs for synthetic rubber and delays in deliveries, which could lead to a 20% to 30% price rise.
Key Facts
Karex is based in Malaysia and is the world’s largest condom maker, producing 5 billion condoms a year.
The Iran war has disrupted global supply chains, especially through the Strait of Hormuz, which affects energy and petroleum-based products like synthetic rubber.
Karex’s input costs for some materials have doubled, and freight costs and shipping delays have increased.
Normally, Karex’s shipments to places like Europe and the U.S. take about one month; now they take nearly two months.
Karex supplies condoms to brands like Trojan (U.S.) and Durex (U.K.).
Demand for condoms has risen about 30% this year despite supply issues.
Karex may raise prices by 20% to 30% if supply disruptions continue.
Petrochemicals from oil and gas are used in many everyday products beyond condoms.
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A former employee, Lorrayne Mavromatis, has filed a federal lawsuit against MrBeast’s social media company, claiming sexual harassment, gender discrimination, and retaliation by senior leaders, including MrBeast himself. She alleges she was asked to work while in labor and was fired shortly after taking maternity leave, despite a man later doing her job.
Key Facts
Lorrayne Mavromatis worked at MrBeast’s social media company, founded by YouTube star Jimmy Donaldson (MrBeast).
She filed a lawsuit in North Carolina accusing the company of harassment, discrimination, and retaliation.
Mavromatis said she was excluded from male meetings and harassment of women was common.
She took maternity leave but was pressured to work during labor and after giving birth.
She was asked to work physically demanding tasks shortly after childbirth, despite her newborn needing special medical care.
Mavromatis was fired three weeks after returning from maternity leave, with her job reassigned to a man.
The TIME’s UP Legal Defense Fund supports the lawsuit, highlighting patterns of workplace abuse and retaliation.
The company called the allegations false and accused Mavromatis of trying to gain attention.
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Taxes on workers in the UK increased at the fastest rate among wealthy countries in 2025, according to the OECD. This rise is mainly due to higher national insurance contributions for employers and inflation-related tax effects introduced by the Labour government.
Key Facts
The OECD reported that the UK’s “tax wedge” on labor rose by 2.45 percentage points in 2025, the largest increase among 38 rich nations.
The “tax wedge” measures total taxes paid by both employees and employers, minus benefits that workers receive.
Labour’s 2024 autumn budget raised employer national insurance contributions (NICs) and did not increase tax thresholds to match inflation, causing “fiscal drag.”
Despite the rise, the UK’s overall tax on work (32.4%) is still below the OECD average of 35.1%.
Other countries with notable tax wedge increases were Estonia, Germany, and Israel, but none as high as the UK.
Unemployment has increased since Labour took office but recently dropped slightly, remaining above pre-election levels.
Business groups have criticized the government’s tax and wage policies, arguing they hurt job creation in low-paying sectors like retail and hospitality.
The IMF warned that the ongoing Middle East conflict could worsen economic conditions and possibly lead to a global recession, impacting the UK strongly.
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Mortgage interest rates in the United States on April 22, 2026, average 6.12% for a 30-year loan and 5.50% for a 15-year loan. Refinancing rates are slightly higher, and the Federal Reserve is unlikely to lower its rates soon, which means mortgage rates may stay stable for now.
Key Facts
The average interest rate for a 30-year mortgage is 6.12% as of April 22, 2026.
The average interest rate for a 15-year mortgage is 5.50%.
Refinancing a 30-year mortgage averages a higher rate of 6.67%.
Refinancing a 15-year mortgage has a median rate of 5.67%.
The Federal Reserve is not expected to cut interest rates at its next meeting.
Mortgage rates are influenced by the Federal Reserve but not set directly by it.
Shopping around with different lenders can lead to finding rates half a percentage point to a full percentage point lower than average.
Online rate marketplaces make it easier for borrowers to compare rates and terms from various lenders.
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The number of entry-level jobs has dropped by 6% since last year, making it harder for new college graduates to find work. Career expert Catherine Fisher shared advice on how recent graduates can handle these tough job market conditions.
Key Facts
Entry-level job hiring decreased by 6% compared to last year.
This information comes from a LinkedIn user study.
The job market is more difficult for new graduates than before.
Career expert Catherine Fisher gave tips on CBS Mornings.
The focus is on helping recent college graduates find jobs.
The report was shared by CBS News.
The news can be accessed through CBS News App, Chrome, and Safari.
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Trump Media & Technology is replacing Devin Nunes, a former congressman, with Kevin McGurn as the temporary CEO after the company’s stock dropped sharply, wiping out billions of dollars in investor value. The company was created by the Trump family to offer a social media platform called Truth Social and has expanded into cryptocurrency and prediction markets.
Key Facts
Devin Nunes is stepping down as CEO of Trump Media & Technology; Kevin McGurn is the temporary replacement.
The company’s stock fell 67%, causing a loss of more than $6 billion in investor wealth.
Trump Media & Technology created Truth Social as an alternative to Facebook and Twitter after President Trump was banned from those platforms.
The company has lost over $1.1 billion since going public two years ago.
Devin Nunes received $47 million in total pay in 2024.
Kevin McGurn has experience working at NBC Universal, Hulu, and DoubleClick.
Trump Media has recently moved into cryptocurrency and online prediction markets.
The Trump Organization and White House deny conflicts of interest between President Trump’s government role and the family business.
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Ryanair will require passengers checking bags or at airport desks to do so one hour before flight departure instead of 40 minutes. This change, starting in November, aims to reduce missed flights caused by long security and passport queues at European airports.
Key Facts
Ryanair closes check-in desks 20 minutes earlier, moving the deadline from 40 minutes to 60 minutes before take-off.
The airline aims to give passengers more time to clear security and passport control.
The change is partly due to longer queues linked to Europe’s new entry-exit system (EES), which checks biometric data of most non-EU travelers.
Some airports have seen wait times of several hours because of EES implementation, causing passengers to miss flights.
Around 80% of Ryanair passengers check in online and go straight to the gate, so the change affects mainly the 20% who check bags at the airport.
By October, Ryanair will have self-service bag-drop kiosks at over 95% of its airports to speed up check-in.
Ryanair is known for strict baggage rules and charges for cabin bags to encourage lighter travel.
Ryanair carries about 200 million passengers a year and is Europe’s largest airline by passenger numbers.
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The war involving Iran is causing higher oil prices, which in turn raises the cost of many everyday products. This is because oil is not only used for fuel but also for making materials found in thousands of consumer goods, from toys to clothes to medical equipment.
Key Facts
Many products like polyester toys, clothing, and household items rely on petrochemicals made from oil.
The conflict has already led to a 10%-15% increase in material costs for some companies.
Over 6,000 consumer products, including keyboards, lipsticks, and shoes, depend on petrochemicals.
The war is also affecting supplies of helium and aluminum, important for technology and medical devices.
Gasoline and jet fuel prices have risen, leading to higher travel costs and shipping fees.
Oil is transformed into chemicals that create plastics, synthetic fibers, and packaging materials.
Higher oil costs could cause manufacturers to raise product prices if the conflict lasts several more months.
Materials make up a large part of production costs, for example about 27%-30% for making a shirt.
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Trump Media & Technology Group (TMTG), the company behind Truth Social, has named Kevin McGurn as its new interim CEO to address financial losses and investor concerns. McGurn will oversee Truth Social and the company’s expansion into streaming and financial services while trying to improve the company’s overall performance.
Key Facts
Kevin McGurn was appointed interim CEO of Trump Media this week.
TMTG has faced hundreds of millions in losses and a major drop in stock value since the 2024 election.
McGurn previously advised the company since December 2024.
He has experience growing media and advertising businesses, including roles at Hulu, NBCUniversal, and as CEO of Triller.
In 2025, Trump Media reported a $712 million loss and only $3.7 million in revenue.
The company is expanding beyond social media to launch Truth+ (a streaming service) and Truth.Fi (a financial technology brand).
Trump Media is also planning a merger with TAE Technologies, a fusion energy company.
McGurn is interim CEO with no announced timeline for a permanent leader.
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Researchers have spent many years developing new types of potatoes specifically for making chips. These potatoes are bred to grow in different climates, resist pests and diseases, last long in storage, and meet changing market needs like smaller chip sizes.
Key Facts
David Douches from Michigan State University leads a program that breeds better potatoes for chip makers.
He has created five new chip potato varieties in the last 15 years.
His latest potato is bioengineered to keep sugar levels balanced in cold storage, reducing spoilage.
Michigan is the leading U.S. state for producing potatoes for chips, with a $2.5 billion potato industry.
The National Chip Program, involving 12 universities, chip companies, farmers, and the U.S. Department of Agriculture, tests hundreds of new potato types annually.
About 50 different potato varieties are grown in the U.S. specifically for chips.
The program’s strong collaboration between researchers and the chip industry helps improve potato varieties continuously.
The improved potatoes also support farmers in other countries by providing disease-resistant strains to fight hunger.
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Energy prices in Northern Ireland have risen sharply due to conflict in Iran affecting oil supply. Experts say high costs for heating oil and electricity are likely to continue into the autumn and winter months.
Key Facts
Conflict in Iran began on February 28 and has disrupted energy production and transport in the Middle East.
This disruption caused an 80% increase in home heating oil prices in Northern Ireland.
Even if the conflict ends soon, it could take 4 to 6 weeks for oil supply to return to normal.
Wholesale energy prices have risen but energy companies have not yet fully passed these costs to consumers.
The Utility Regulator warned gas price cuts from April could be reversed if the crisis lasts longer.
Electricity prices on the all-island market increased by 19% since the conflict began.
The Northern Ireland Executive announced a £100 heating oil grant for low-income households, but some groups say this amount is too low compared to Scotland and Wales.
About 300,000 households will receive the heating oil grant around three months from now.
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More people are buying vintage and secondhand luxury bags. Experts say that by 2027, the market for these used luxury items will grow faster than new luxury sales.
Key Facts
Vintage means older, classic bags made in the past.
Secondhand bags are ones that have been owned before.
Shoppers find these bags more desirable now.
Fashion insiders explain the reasons behind this trend.
McKinsey, a market research company, predicts the secondhand luxury market will grow larger than retail luxury by 2027.
The trend shows a shift in how people buy luxury goods.
This growth affects the overall luxury fashion market.
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Inflation in the UK rose to 3.3% in the year to March, with higher petrol and diesel costs partly influenced by the war in Ukraine. While energy bills may drop slightly in April due to a price cap change, overall inflation could peak near 4% this year, and food prices may rise gradually.
Key Facts
UK inflation reached 3.3% in the year to March.
Petrol and diesel prices are at their highest in over three years, partly due to the war in Ukraine.
The domestic energy price cap fell in April, which should lower average household energy bills by about £10.
Fuel prices have started to fall recently but remain significantly higher than before the war.
Airfares increased in March, influenced by Easter holiday travel timing rather than the war.
Inflation might fall below 3% in April but could peak around 4% later this year.
Food price increases have been affected by seasonal demand, especially for Easter-related items.
Energy and fertilizer costs, impacted by the war, may raise food prices gradually over the coming year.
The Bank of England aims to reduce inflation to its 2% target.
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The Kansas City Royals baseball team and Hallmark Cards have joined forces to plan a new ballpark in downtown Kansas City. The project will include a mix of different types of buildings around the stadium.
Key Facts
The Royals and Hallmark Cards are working together on the project.
The new ballpark will be located in downtown Kansas City.
The development will include various uses, such as shops, offices, or housing.
The ballpark will be part of a larger mixed-use area.
The plan aims to combine sports and community spaces in one location.
This project is intended to boost the local economy and urban development.
No specific timeline for construction or completion was mentioned.
Details about the size or cost of the ballpark were not provided.
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President Donald Trump launched an official memecoin before his inauguration in January 2025, but its value has dropped sharply since then. While Trump’s family and insiders have made hundreds of millions of dollars from fees and token sales, regular investors have lost billions as the token price fell by over 90 percent.
Key Facts
Trump’s memecoin was launched before he became president in January 2025 and was the first cryptocurrency released by a sitting U.S. president.
Trump’s family reportedly earned over $280 million from the memecoin.
Insiders linked to Trump controls about 80% of the tokens and have made more than $600 million by trading and collecting fees.
Retail investors have lost more than $4.3 billion due to a 93% drop in the token’s value from its peak price of $28.73.
The Melania Trump memecoin, launched at the same time, lost 99% of its value.
Token holders compete for exclusive event invitations hosted by Trump, which temporarily raise the token price.
A recent event announcement caused a short price increase, but the long-term trend remains downward.
Experts warn the high token concentration among insiders is unusual and risky for ordinary investors.
If the Democrats regain Congress, they may pass laws to stop Trump and his family from profiting from the memecoin.
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Iran is facing many layoffs and high inflation because ongoing war has damaged its economy. Infrastructure destruction and internet blackouts are making the situation worse for workers and businesses.
Key Facts
Many workers in Iran are losing their jobs due to economic problems caused by war.
Inflation in Iran is rising sharply, making everyday goods more expensive.
The country's infrastructure has been damaged, impacting business and daily life.
Internet blackouts are occurring, limiting communication and information access.
The war has directly harmed Iran’s domestic economy and job market.
Other global issues mentioned include US politics and supply chain problems from the Strait of Hormuz closure, but these are separate from Iran’s economic challenges.
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Amazon is accused of pressuring brands and rival retailers like Walmart and Target to raise prices on their websites. The California Attorney General's lawsuit claims Amazon’s actions led to higher prices for consumers by coordinating price increases across multiple stores, which Amazon denies.
Key Facts
California Attorney General Rob Bonta filed a lawsuit in 2022 accusing Amazon of illegal price-fixing.
Court documents say Amazon monitored prices on competitor sites and pressured brands to raise lower prices found elsewhere.
Brands mentioned include Levi Strauss, which was allegedly pushed to work with Walmart to raise prices.
Retailers such as Walmart and Target were influenced by Amazon’s pressure but are not defendants in the lawsuit.
Vendors who did not comply risked losing advertising support or removal from Amazon's platform.
Amazon denies wrongdoing, calling the claims false and a misunderstanding of normal competitive behavior.
The trial is scheduled for January 2027.
If the court agrees with California, it could change how online prices are controlled and how brands set different prices on various sites.
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China’s economy grew by 5 percent in the first quarter of the year, exceeding expectations despite global energy market disruptions caused by the conflict involving the US, Israel, and Iran. However, China faces challenges such as weak consumer spending, problems in its property market, and a shrinking population, while investing heavily in high-tech and green energy sectors.
Key Facts
China’s economy grew 5 percent in early 2024.
Global energy markets are disrupted by the conflict involving the US, Israel, and Iran.
Domestic consumer spending in China remains weak.
The property sector in China is struggling.
China’s population is shrinking.
Beijing is investing heavily in high-tech industries.
China leads global supply chains in green energy.
The conflict reshaping energy flows may have less impact on China compared to other countries.
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Lufthansa will cut 20,000 short-haul flights this summer because rising fuel prices have made many flights too expensive to operate. The price of jet fuel has doubled since the start of the US-Israel war with Iran, affecting many airlines and causing higher ticket prices and flight cancellations.
Key Facts
Lufthansa is cutting 20,000 short-distance flights in Europe during the summer.
Jet fuel prices have doubled since the US-Israel conflict with Iran began.
The Middle East, especially the Gulf region, supplies about half of Europe’s aviation fuel.
The Strait of Hormuz, a key shipping route, has been closed by Iran in response to attacks.
Other airlines like KLM-France and Delta have also cut flights or raised ticket prices.
Lufthansa is retiring 27 aircraft and closing its CityLine European flights faster than planned.
The airline expects to save around 40,000 metric tons of jet fuel by cutting these flights.
The International Energy Agency warns Europe could run out of jet fuel in a few weeks, though some say supply is still stable.
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