The Latest Breaking News from Economy

Outsourcing critical operations to offshore teams is common for businesses in today's global economy. Countless companies rely on a patchwork of international labor for customer support, bookkeeping, IT services, and more. This trend, primarily driven by cost savings, has unfortunately created a detachment between businesses and the communities they serve.

Few words spark more anxiety in public debate than “national debt” and “government deficit.” National debt is the total amount of money the government owes, accumulated over years of running deficits. Government deficit is when the government spends more money than it collects in taxes and other revenues.

Whether on leader favourability or on key policy areas, Labour is losing ground on almost every metric

The Trump administration is seeking to cancel Temporary Protected Status for 350,000 Venezuelans. But experts say it could devastate U.S. economy.

For every dollar no longer spent by visitors to the U.S., an additional $1.19 is lost throughout the economy.

The UK and the EU have agreed to hit Russia with a raft of new economic sanctions after hopes of a ceasefire with Ukraine came to nothing. One French minister commented that it is time to “suffocate” the Russian economy.

U.S. homeowners are boosting spending on home renovation projects, bucking a broader pullback by consumers amid diminished confidence in the economy

The German economy, Europe's biggest, grew by 0.4% in the first quarter thanks to stronger-than-expected exports and manufacturing.

Tourism is expected to contribute nearly €11 trillion – about 10 per cent of GDP – to the global economy this year.