The Latest Breaking News from Economy

The accolade comes from British weekly The Economist, which ranked the 36 richest countries in the world. Luís Montenegro calls the recognition a “fair recognition to the merit and hard work of the Portuguese people”.

Nigerians have been waiting anxiously for the economy to “turn a corner”, following economic reform initiatives undertaken by President Bola Tinubu in 2023. These included removing the country’s fuel subsidy and freeing up its foreign exchange market.

Every year, millions of tonnes of food end up in South Africa’s landfills. This is a wasted resource that deepens environmental damage, worsens food insecurity and costs the economy billions. But there are opportunities to turn what we throw away into value for people, the planet and local economies.

A cut is something of an “insurance policy against a shattering of the U.S. labor market,” UBS chief economist Paul Donovan said.

The head of the International Monetary Fund has urged China to fix its economic imbalances, echoing longstanding calls for the world's second-largest economy to rely more on domestic spending and investment instead of exports

The Thamesmead DLR extension is a powerful signal and confidence-builder in the market, but it must be the start of a joined-up approach

The Federal Reserve will almost certainly reduce its key interest rate Wednesday, but the bigger question for financial markets and the economy is what signals Chair Jerome Powell may send regarding the central bank’s next steps

NEWS ANALYSIS: The president’s tour to boost voter impressions of their own dire economic conditions starts Tuesday night in Pennsylvania. And, writes Andrew Feinberg, it resembles a similar, and disastrous, effort by Joe Biden

The latest JOLTS report shows hiring stuck at 3.2% and quits falling again as the Fed prepares to cut rates.

NEWS ANALYSIS: Trump’s USDA chief argues that farmers need a bailout — but insists Trump isn’t responsible. The president’s critics say his trade war is obviously the reason, writes John Bowden

Trump told Politico that he "inherited a mess" when broached with voters' concerns about the economy.