The Latest Breaking News from Economy

City Voices: A weaker economy is needed for inflation to fall

Saudi Arabia’s inflation rate dropped to 2.7 % in March, against 3 % recorded in February, according to the latest report released by the General Authority for Statistics (GASTAT). The consumer price index bulletin of March attributed the Kingdom’s low inflation to the strength of the Saudi economy and the…

Shetland also expecting its busiest cruise season on record, as the first vessel arrives

America’s child care market is an abject failure. Even at prohibitively high prices, supply doesn’t meet demand, preventing children, parents and the entire economy from reaching their full potential.

The pound strengthened as data showed US economy cooling, before Fed policymaker vowed to press on with interest rate rises

Australia's mining sector has generated windfall profits over the past two years, the result of dramatically higher prices for fossil fuel energy, but has it driven inflation?

Gold and silver appear to absorb massive tax refund dollars while creating higher prices. In comparison, these metals shine due to the outlook for a possible Federal Reserve Board (Fed) pivot in interest rates. Is Dr. Copper's lagging performance due to the upcoming recession?

The Commerce Ministry has vowed to ramp up Tong Chom (must-see) markets nationwide this year to stimulate the grassroots economy, with the aim of generating revenue of 1.9 billion baht this year.

As the economy faces a challenging macroeconomic environment with rising recession risks, investors could consider diversifying their portfolios with international stocks Red Eléctrica Corporación (RDEIY), Centrica (CPYYY), and Empresa Distribuidora y Comercializadora Norte (EDN), which are currently trading under $10. Continue reading….

Chancellor’s remarks come despite industrial action being major factor in zero GDP growth in February

The Fed’s economists expect a “mild recession” this year, but Goldman’s Jan Hatzius says the cooling labor market means a “soft landing” is still possible.