The Latest Breaking News from Economy

Xi Jinping Slams Sanctions as ‘Double-Edged Sword’ Hurting World Economy

Chinese president in opening remarks at BRICS summit calls for strengthened macroeconomic policy coordination in the face of global economic crisis

Caixin Global · Jun 22, 2022

What It Means For US Stocks To Be In A Bear Market

Wall Street has officially fallen into a bear market as investor sentiment is hammered by soaring inflation, rising interest rates and worries about a looming recession in the world’s largest economy. 

Benzinga · Jun 22, 2022

Powell says recession 'a possibility' but not likely

Federal Reserve chairman Jerome Powell vowed to bring inflation back down to 2%. Some lawmakers worry the Fed's efforts to control inflation could tip the economy into recession.

WEKU · Jun 22, 2022

Brexit minister Jacob Rees-Mogg refuses to say how quitting the EU has impacted UK economy

Put on the spot by The Standard, he said: ‘I’m not going to get into that game.’

Evening Standard · Jun 22, 2022

Fed chief vows to keep raising rates until ‘compelling evidence’ of falling inflation

Senator Elizabeth Warren criticizes the Fed’s rate moves, expressing fear that rate hikes will ‘drive this economy off a cliff’

The Guardian - US · Jun 22, 2022

Without a proper plan, stagflation will be the least of Britain’s problems

Rising prices and recession mean the last thing the government should do is muddle through and leave everything to the market, writes economics editor Larry Elliott

The Guardian - UK · Jun 22, 2022

Worst natural disaster in eight years kills 1,000 in Afghanistan

At least 1,000 people have been killed and hundreds more injured after a powerful earthquake hit southeastern Afghanistan overnight, setting off a new humanitarian crisis in a country already facing a crumbling economy and hunger.

Tribune News Service · Jun 22, 2022

Billionaire Ray Dalio Warns Of Stagflation, Calls Fed 'Naïve And Inconsistent' For Raising Interest Rates

Billionaire hedge fund manager Ray Dalio recently offered his take on whether rising interest rates could help improve the economy.

Benzinga · Jun 22, 2022

$1-trillion scope for digital economy: PM Modi

Xi Jinping cautions against ‘bloc confrontation’

The Hindu · Jun 22, 2022

Powell: Fed will decide on rate hikes 'meeting by meeting'

Federal Reserve Chair Jerome Powell underscored the Fed’s determination to raise interest rates high enough to slow inflation, a commitment that has fanned concerns that the central bank’s fight against surging prices could tip the economy into recession

The Independent UK · Jun 22, 2022