The Latest Breaking News from Economy

As the economy faces a challenging macroeconomic environment with rising recession risks, investors could consider diversifying their portfolios with international stocks Red Eléctrica Corporación (RDEIY), Centrica (CPYYY), and Empresa Distribuidora y Comercializadora Norte (EDN), which are currently trading under $10. Continue reading….

Chancellor’s remarks come despite industrial action being major factor in zero GDP growth in February

The Fed’s economists expect a “mild recession” this year, but Goldman’s Jan Hatzius says the cooling labor market means a “soft landing” is still possible.

With the Fed’s minutes revealing an increased risk of recession in the wake of a banking crisis, the retail sales data due tomorrow is also expected to telegraph softening consumer demand in a sluggish economy. Hence, I evaluated the fundamentals of three retail stocks, Torrid Holdings (CURV), The Aaron's Company…

May WTI crude oil (CLK23 ) this morning is down -0.22 (-0.26%), and May RBOB gasoline (RBJ23 ) is down -2.17 (-0.76%). May Nymex natural gas (NGK23 ) is down -0.057 (-2.72%). Crude oil and gasoline prices this morning are moderately lower. Crude prices are under pressure after today's larger-than-expected...

Huw Pill said the latest GDP figures are ‘somewhat disappointing’ despite being an improvement on previous forecasts.

I’ve finally realised who Jeremy Hunt reminds me of – Arsène Wenger. During his later, less successful period at the club, the then-Arsenal manager would often comment after matches how his team dropped a little bit physically in the second half but showed top mental strength.

Europe must not turn a blind eye to tensions between China and Taiwan because a military escalation in the region would be a "worst-case scenario" for the global economy, German Foreign Minister Annalena Baerbock said on Thursday.

Brazilian President Luiz Inacio Lula da Silva has praised the Shanghai-based New Development Bank (NDB) on his trip to China, saying it "frees emerging countries from submission to traditional financial institutions". The NDB was created by the BRICS group and is headed by his predecessor Dilma Rousseff. Meanwhile in Washington,…

U.S. wholesale prices fell last month, a sign that inflationary pressures in the economy are easing more than a year after the Federal Reserve began aggressively raising interest rates

Wine was first produced in South Africa as far back as the mid-1600s by Dutch colonisers who sold it to passing ships. The industry developed further during the colonial and apartheid eras and wine became an important part of the South African economy.