Economy

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…

The UK economy contracted by 0.3% in April, marking its worst performance in a year and a half. This decline came amid rising taxes for businesses, higher household bills, and…

Americans showed reduced fears about inflation in May, coinciding with President Donald Trump’s decision to pull back from some of his most severe tariff proposals. The New York Federal Reserve’s…

The ongoing dispute between President Donald Trump and billionaire Elon Musk over a major spending bill has intensified worries about the future of NASA’s budget, which was already facing significant…

On Friday, Russia’s central bank lowered its key interest rate by 100 basis points to 20%, marking its first rate cut since September 2022. This move suggests that inflation pressures,…

At last year’s NATO summit in Washington, Canada was called out by allies for falling short of the current 2% of GDP defence spending goal. Now, with talks underway to…

Jamie Dimon, CEO and chairman of JPMorgan Chase, sounded alarm bells about the dangers to our financial markets. He offered these reflections at the bank’s annual investor day confab in…

Gasoline prices might fluctuate a lot this summer. Roger McKnight, chief petroleum analyst with En-Pro International, explains that refinery capacities, factors in the market and geopolitics are essential drivers. That’s…

Despite this, the UK’s employment picture has been politically cautious. Payroll figures plummeted across the board in this first quarter of the year. According to DOL’s own reports, the deficit…

India’s recent military strike, which crossed multiple kilometers into territory controlled by Pakistan, has further aggravated tensions and threatens regional stability. Despite the growing acrimony, the Indian financial markets have…

Yiwu, a city in the Zhejiang province on China’s eastern coast, has turned into an essential link for worldwide exchange. It’s most infamous for its overwhelming number of lobbyists in…

The complete economic picture—the U.S. economy contracted by an annual rate of 0.3% in Q1 2025. This big drop represents a stark difference from the 2.4% increase that was reported…

In recent discussions, President Donald Trump suggested that there is a possibility of replacing federal income tax revenue with tariff income. This statement has sparked a wave of skepticism among…