The Latest Breaking News on Economy

The pound has hit a record low after sweeping tax cuts were announced by the chancellor on Friday. Here we explain some of the reasons behind the fall and how it affects households and businesses across the country

Kenyan government urged to act as migrant housekeepers complain of physical, mental and sexual abuse in Gulf state

The country's central bank issued a rare statement that failed to stem the financial market fallout.

Interest rates are rising but that could slow – begging the question of why the Reserve Bank would ease off and what this will mean for NZ markets.

Chancellor to set out medium-term ‘fiscal plan’ – but no proper budget until spring 2023, says Treasury

The head of the European Central Bank says the economic outlook “is darkening” and she expects business activity to “slow substantially” in the coming months as high energy and food prices pushed up by the war in Ukraine sap consumer spending power

Susan Collins, the new president of the Federal Reserve Bank of Boston, said says that a higher unemployment rate will be needed to bring down inflation from unusually high levels, but suggested any economic downturn would likely be modest

Pound crashes to its lowest level against the dollar since 1971

IInsolvency Trade body R3 said said the rise