The Latest Breaking News on Economy

Treasurer says improvement comes in large part from higher than expected commodity prices boosting returns from mineral exports

Governors of Arab central banks and monetary institutions announced that central banks in the region have maintained capital and liquidity adequacy above the minimum limits established in the Basel Agreement, noting that the total debt in the sector exceeded $756 billion. For his part, the Governor of the Saudi Central…

Economists accuse bondholders of standing to make huge profits at the expense of the crisis-hit country

Reserve Bank governor Philip Lowe says he will keep lifting interest rates but the pace will soon slow down and he is confident the economy can absorb the rises.

Lower paid workers are facing 'worst-ever' financial crisis, research warns

Major economies are delivering interest rate increases to quash domestic inflation.

This is a government in a hurry. Boris Johnson secured an 80-seat majority but due to a combination of Covid, scandal and ideological torpor, did not get much done. Liz Truss, on the other hand, has no plans to let this majority go to waste.

Australia's unemployment rate ticked up for the first time in 10 months as more Australians looking for work offset a solid rise in jobs.

Borrowing costs at their highest level in 14 years