Economy

The IRS announced new federal income tax brackets and standard deduction amounts for the 2026 tax year on Thursday. These new figures apply to tax returns that will be filed…

China has tightened its export controls on rare earths and other materials critical for advanced technology manufacturing as trade negotiations continue with the U.S. Beijing processes roughly 90% of the…

The Bank of England issued a warning on Wednesday, stating that the risk of a “sharp market correction” has increased. The central bank noted that equity market valuations appear stretched,…

The European Union has announced plans to substantially increase tariffs on imported steel, a move that the UK’s steel industry has called “perhaps the biggest crisis” it has ever encountered.…

Gold prices reached an unprecedented $4,000 per ounce on Tuesday as global investors sought a safe haven against a combination of a weaker dollar, geopolitical volatility, economic uncertainty, and stubborn…

Canada’s economy could grow exponentially by 2035 if businesses fast-track their artificial intelligence adoption and respond to growing climate change threats, according to a new study from PwC Canada. The…

Federal Reserve Chair Jerome Powell noted on Tuesday that asset prices, a category that typically includes stocks and other risk instruments, are at elevated levels. Speaking at the Greater Providence…

According to a new impact report from Oxford Economics, YouTube content creators contributed £2.2 billion to the UK economy in 2024 and supported 45,000 jobs. The findings of this report…

The European Central Bank (ECB) decided on Thursday to keep its key deposit facility rate unchanged at 2%, maintaining the pause it introduced in June after last year’s record high…

India is moving closer to sealing a free trade agreement (FTA) with the European Union, Commerce Minister Piyush Goyal said Tuesday, noting that around two-thirds of the deal’s chapters have…

A new round of U.S. tariffs targeting India came into force Wednesday, with President Donald Trump imposing a 50% duty on a wide range of goods. The penalties include a…

Goldman Sachs has faced sharp criticism for warning that higher tariffs will soon lead to stronger consumer inflation. But across Wall Street, many economists share the same outlook. Investors reacted…

The Bank of England is ready to implement more substantial interest rate cuts if the job market demonstrates a significant deceleration, according to its governor, Andrew Bailey. In a recent…

A U.S.-owned canned food company seized by Russia to safeguard domestic food supplies is now aiming to boost its declining sales through exports to China, North Korea, and other new…

China has decided to lift its two-year ban on seafood imports from most regions of Japan, a restriction initially imposed over concerns about treated wastewater released from the Fukushima nuclear…

The UK government has revealed a new trade plan aimed at boosting exports and protecting domestic firms amid growing uncertainty caused by US tariffs. The strategy focuses on removing barriers…

On Thursday, the Swiss National Bank (SNB) reduced its interest rates by 25 basis points, bringing the key rate to zero percent. This move has intensified concerns about a possible…

Mortgage applications to purchase a home declined 3% last week compared with the previous week, according to the Mortgage Bankers Association’s (MBA) seasonally adjusted index. Despite this weekly drop, application…

Chocolate prices in the UK increased at the fastest pace on record in May, contributing to an overall rise in food costs, official figures reveal. The main inflation rate remained…

The Social Security Board of Trustees released its annual report confirming that the trust fund responsible for paying retirement benefits is projected to be exhausted by 2033, unchanged from last…