The Latest Breaking News from Economy

Reduction to save $21 million annually; other measures aim to support struggling economy amidst political tensions.

The NEI increased 1.5 points in September to 31.9, marking a third straight month of growth

Globally, there is about one volcano erupting each week. Volcanic unrest kills an average of 500 people every year and costs the global economy roughly US$7 billion (£5.7 billion). With one in 20 people living somewhere at risk of volcanic activity, every effort that can be made to improve the…

Argentina is heading to the polls on October 22 for a presidential election dominated by another profound economic crisis. In September, annual inflation in Latin America’s third-largest economy hit 124%, its highest since 1991.

Nigeria’s President Bola Ahmed Tinubu announced a new ministerial portfolio in August: Marine and Blue Economy. This was welcome news as it renewed hope for economic development outside the oil sector. We asked marine sustainability and blue economy expert Isa Olalekan Elegbede to explain how the ministry could benefit Nigeria.

James Cleverly insisted the UK had influence with China because it had concerns about declining Western trade.

Some experts suggested that the house price downturn may only have a few months left to run, amid wider developments in the economy.

Inflation rates soar, fuel and food prices spike, as Kenya grapples with economic challenges.

Javier Milei, the "anarcho-capitalist" presidential candidate who took the lead in the August primaries with his "Liberty Advances" political coalition, owes much of his electoral success to his promise to dollarise the Argentine economy. Disoriented by hyperinflation and rising poverty, many Argentinians see the adoption of the US dollar as…