The Latest Breaking News from Economy

Bank raises base rate to 5% and is predicted to go to 6% as pressure grows on government to intervene

The head of Starwood Capital Group said it all comes down to the labor market. “People are employed and when people are employed, they spend money.”

Chair Jerome Powell reiterated that the Federal Reserve will likely raise interest rates at least once more this year because of persistently high inflation in the economy’s service sector and the surprisingly tight job market

Consumer price inflation stuck at 8.7% in May, defying expectations of a slowdown and making a further rise in UK interest rates inevitable.

The Fed’s multiple rate hikes to curb the stubbornly high inflation have triggered a fresh bout of anxiety among investors. However, with a slowdown in inflation and a rate hike pause for this month, Loews Corporation (L), Liberty Energy (LBRT), and Key Tronic (KTCC), which have gained momentum, could be…

County Durham firm Learning Curve Group, which provides skills training around the country, commissioned the report

The not-for-profit company's direct and indirect contribution has been revealed

The wellbeing economy secretary was grilled by MSPs on the Public Audit Committee

Official data shows the economy is still growing slightly, but three in five people believe the country is in recession

With the ‘zero-Covid’ policy behind it, China’s economy began to recover. However, the nation's economic recovery is losing momentum after an initial burst in consumer and business activity earlier this year. Amid a volatile economic backdrop, let’s find out which China stock, Alibaba Group (BABA) and China Automotive (CAAS), is…

The inexorable march of debt may well be the most important economic factor in our lifetime.