The Latest Breaking News on Economy

Borrowing costs at their highest level in 14 years

UK inflation fell this week as fuel prices dropped

NEW DELHI: Just when the world was gradually recuperating from the slowdowns caused by Covid-19 pandemic in the last 2 years, the war between Russia and Ukraine worsened matters.

Liz Truss's Chancellor Kwasi Kwarteng will deliver a 'fiscal event' this Friday - with tax cuts, freeports on steroids and the end of a bankers' bonus cap all on the cards

Bank holiday for state funeral could send productivity plummeting at a time when country is struggling for growth

U.S. inflation is showing signs of entering a more stubborn phase that will likely require drastic action by the Federal Reserve, a shift that has panicked financial markets and heightens the risks of a recession

The U.S. economy has shown surprising resilience in the face of the fastest inflation and interest-rate hikes in a generation. That means the Federal Reserve will have to stomp even harder on demand.

An unexpected rise in US consumer prices sees global share markets take fright on worries about more aggressive interest rate rises by the US central bank. The Australian dollar plunges on a surging greenback.

Expected ‘sugar rush’ of tax cuts could knock growth off track by forcing up inflation and interest rates, economists warn