The Latest Breaking News on Economy

Cascading global crises have left 54 countries -- home to more than half of the world's poorest people -- in dire need of debt relief, the UN said Tuesday. In a new report, the United Nations Development Program warned that dozens of developing nations were facing a rapidly deepening debt…

Jim Chalmers says spiralling energy costs the most ‘problematic aspect of our inflation problem’ through to mid-2023

The Institute for Fiscal Studies said efficiency savings and ‘trimming the fat’ will not be enough to get debt falling.

State agencies, businesses and households are being urged to brace for a global economic slowdown which could easily deteriorate into a recession next year.

Letter: Anne Fennell from Mothers at Home Matter says funds should also be available for those who want to stay home with their children

Incomes have stalled while the rich get richer. It’s clear the obsession with GDP has to change, says the University of Sheffield’s Michael Jacobs

With another solid employment report for September undermining the Fed’s persistent efforts to fight inflation, the borrowing costs are expected to increase further with another significant rate hike next month. However, businesses with enough scope for further market penetration are better placed to endure near-term macro headwinds. It could be…

Confirmation of the date comes as the Bank of England also seeks to reassure markets on its intervention in UK debt market

When it comes to reassuring Americans about an economy that's an election-year challenge to his party, President Joe Biden is telling the country to hold on

Framing monetary policy as a war effort has been part of the playbook for instituting austerity policies for over a century

As developing countries confront a new era of elevated inflation, rising interest rates, a stronger dollar, and capital outflows, some governments stand to benefit from a little-noticed bonanza. During the "Great Moderation" that preceded the Covid-19 pandemic, years of low inflation led to the growth of sovereign debt issued at…