The Latest Breaking News from Economy

The International Monetary Fund on Wednesday approved a fresh $4.7 billion for Argentina, praising the new administration of President Javier Milei as he enacts "bold" cost-cutting to bring the country's ailing economy back on track.

Cuba's government on Wednesday delayed a planned 500 percent surge in the fuel price after a "cybersecurity incident," an economy ministry official said.

The Federal Reserve held interest rates steady on Wednesday, but indicated that rates could fall in the coming months if inflation continues to cool.

The Union government, led by Prime Minister Narendra Modi, has not carried out any structural reforms, its boast about India becoming a $5-trillion economy soon is misleading, and the government’s economic growth figures are suspect, says former Union Finance Minister P. Chidambaram. Edited excerpts:

With a UK general election looming, the country's main opposition Labour party is starting to persuade business and financial sector leaders that it can be trusted to grow the economy.

Plus, more on why General Motors is embracing hybrids again, and Volkswagen starts an AI lab.

The IMF has raised India's growth forecast to 6.5% for the next financial year, reflecting a positive outlook for the country's economic recovery.

Private sector hiring in the United States slowed more than anticipated this month, according to data Wednesday from payroll firm ADP, following efforts to cool the world's biggest economy and tame inflation.

'We should support skilled workers who want to come here and fill roles,' the Mayor says