Economy

Credit card debt is weighing more heavily on millions of Americans as interest rates rise and policymakers debate whether capping rates would ease the strain. Recent data and personal accounts…

The United States has agreed to reduce tariffs on goods from Taiwan to 15% after securing commitments for large-scale investment aimed at expanding domestic semiconductor production. The agreement links lower…

India has approved a 73bn-rupee ($800m; £600m) incentive programme to reduce its dependence on China for rare earth magnets, a component used widely across electric vehicles, renewable energy systems, consumer…

China has reported the largest annual trade surplus on record in 2025, surpassing $1 trillion for the first time, even as US tariffs under President Donald Trump disrupted global trade…

China’s investment banking fees climbed to $15.4 billion in 2025, marking a 21 percent year-on-year increase and the highest annual total since 2022, supported by a rebound in equity fundraising,…

The combined market value of the world’s 25 largest banks increased 35.8% year on year to $6.1 trillion by the end of the fourth quarter on 31 December 2025, supported…

Shares in US energy companies rose sharply as investors assessed whether the US seizure of Venezuelan President Nicolás Maduro could open the door to greater access to the country’s oil…

New car registrations in the UK rose above two million in 2025 for the first time since the pandemic, but the country’s main automotive industry body has warned that the…

Precious metal prices climbed in early Asian trading after the US capture of Venezuelan President Nicolás Maduro heightened investor concerns about geopolitical risk, prompting a shift into assets seen as…

US stock markets are closing out 2025 with strong gains, positioning investors for 2026 after a volatile year marked by trade tensions, rapid advances in artificial intelligence, and renewed uncertainty…

Italian pasta will avoid steep US tariffs after the Trump administration reduced duties that had been proposed on imports from 13 Italian producers, a move that had raised concerns about…

More than 200,000 jobs could be eliminated across Europe’s banking sector by 2030 as lenders increase their use of artificial intelligence and reduce their reliance on physical branches, according to…

The price of computer memory has more than doubled since October 2025, a shift that industry executives say could push up the cost of everyday electronic devices in 2026 as…

Electric vehicle drivers entering central London are now required to pay the congestion charge, ending a long-standing exemption as changes to the scheme take effect at the start of the…

Bulgaria has become the 21st member of the eurozone, adopting the euro and replacing the lev, a move that places the European Union’s poorest member state ahead of larger economies…

China will begin charging a 13% value added tax on contraceptives from 1 January, while exempting childcare, marriage-related services, and elderly care from VAT, as authorities adjust fiscal policy alongside…

Sweeping import tariffs imposed by President Donald Trump in April have pushed U.S. leather companies into operational turmoil, raising costs across the supply chain and setting the stage for sustained…

Gold prices reached a new record on Monday, trading above 4,400 dollars an ounce for the first time, as investors responded to expectations of further US interest rate cuts and…

Bangladesh avoided about 3.3 billion US dollars in fossil fuel imports during the 2023–24 financial year as a result of improved energy efficiency, according to new analysis from the Institute…

Japan’s central bank has raised its main interest rate to its highest level in three decades, tightening monetary policy as the country grapples with persistent inflation and rising living costs.…