The Latest Breaking News from Economy

Governor Gavin Newsom relished in his state’s economic prowess but lambasted President Trump’s ‘reckless tariff policies’

Beijing will ‘strengthen bottom-line thinking’ as reports say it could drop tariffs on some US products

Artificial intelligence (AI) is increasing productivity and pushing the boundaries of what’s possible. It powers self-driving cars, social media feeds, fraud detection and medical diagnoses. Touted as a game changer, it is projected to add nearly US$15.7 trillion to the global economy by the end of the decade.

GfK’s long-running Consumer Confidence Index fell four points in April to minus 23, led by an eight-point fall in expectations for the wider economy.